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Side-by-side financial comparison of Distribution Solutions Group, Inc. (DSGR) and FEDERAL SIGNAL CORP (FSS). Click either name above to swap in a different company.

FEDERAL SIGNAL CORP is the larger business by last-quarter revenue ($597.1M vs $518.0M, roughly 1.2× Distribution Solutions Group, Inc.). FEDERAL SIGNAL CORP runs the higher net margin — 10.2% vs 1.2%, a 8.9% gap on every dollar of revenue. On growth, FEDERAL SIGNAL CORP posted the faster year-over-year revenue change (26.5% vs 10.7%). FEDERAL SIGNAL CORP produced more free cash flow last quarter ($89.5M vs $32.9M). Over the past eight quarters, FEDERAL SIGNAL CORP's revenue compounded faster (18.5% CAGR vs 13.1%).

Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.

The Federal Signal Company was an American manufacturer of railway signaling equipment in the early 20th century. It was located in Albany, New York.

DSGR vs FSS — Head-to-Head

Bigger by revenue
FSS
FSS
1.2× larger
FSS
$597.1M
$518.0M
DSGR
Growing faster (revenue YoY)
FSS
FSS
+15.8% gap
FSS
26.5%
10.7%
DSGR
Higher net margin
FSS
FSS
8.9% more per $
FSS
10.2%
1.2%
DSGR
More free cash flow
FSS
FSS
$56.6M more FCF
FSS
$89.5M
$32.9M
DSGR
Faster 2-yr revenue CAGR
FSS
FSS
Annualised
FSS
18.5%
13.1%
DSGR

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DSGR
DSGR
FSS
FSS
Revenue
$518.0M
$597.1M
Net Profit
$6.5M
$60.8M
Gross Margin
32.9%
28.4%
Operating Margin
4.6%
14.0%
Net Margin
1.2%
10.2%
Revenue YoY
10.7%
26.5%
Net Profit YoY
-70.6%
21.6%
EPS (diluted)
$0.14
$0.99

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DSGR
DSGR
FSS
FSS
Q4 25
$597.1M
Q3 25
$518.0M
$555.0M
Q2 25
$502.4M
$564.6M
Q1 25
$478.0M
$463.8M
Q4 24
$480.5M
$472.0M
Q3 24
$468.0M
$474.2M
Q2 24
$439.5M
$490.4M
Q1 24
$416.1M
$424.9M
Net Profit
DSGR
DSGR
FSS
FSS
Q4 25
$60.8M
Q3 25
$6.5M
$68.1M
Q2 25
$5.0M
$71.4M
Q1 25
$3.3M
$46.3M
Q4 24
$-25.9M
$50.0M
Q3 24
$21.9M
$53.9M
Q2 24
$1.9M
$60.8M
Q1 24
$-5.2M
$51.6M
Gross Margin
DSGR
DSGR
FSS
FSS
Q4 25
28.4%
Q3 25
32.9%
29.1%
Q2 25
33.9%
30.0%
Q1 25
34.3%
28.2%
Q4 24
33.3%
28.1%
Q3 24
33.9%
29.6%
Q2 24
34.5%
29.4%
Q1 24
34.5%
27.3%
Operating Margin
DSGR
DSGR
FSS
FSS
Q4 25
14.0%
Q3 25
4.6%
16.9%
Q2 25
5.3%
17.3%
Q1 25
4.2%
14.2%
Q4 24
4.2%
14.9%
Q3 24
4.0%
16.0%
Q2 24
3.2%
16.5%
Q1 24
0.7%
12.8%
Net Margin
DSGR
DSGR
FSS
FSS
Q4 25
10.2%
Q3 25
1.2%
12.3%
Q2 25
1.0%
12.6%
Q1 25
0.7%
10.0%
Q4 24
-5.4%
10.6%
Q3 24
4.7%
11.4%
Q2 24
0.4%
12.4%
Q1 24
-1.3%
12.1%
EPS (diluted)
DSGR
DSGR
FSS
FSS
Q4 25
$0.99
Q3 25
$0.14
$1.11
Q2 25
$0.11
$1.16
Q1 25
$0.07
$0.75
Q4 24
$-0.55
$0.80
Q3 24
$0.46
$0.87
Q2 24
$0.04
$0.99
Q1 24
$-0.11
$0.84

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DSGR
DSGR
FSS
FSS
Cash + ST InvestmentsLiquidity on hand
$69.2M
$63.7M
Total DebtLower is stronger
$665.5M
$564.6M
Stockholders' EquityBook value
$653.9M
$1.4B
Total Assets
$1.8B
$2.4B
Debt / EquityLower = less leverage
1.02×
0.41×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DSGR
DSGR
FSS
FSS
Q4 25
$63.7M
Q3 25
$69.2M
$54.4M
Q2 25
$47.4M
$64.7M
Q1 25
$65.4M
$57.5M
Q4 24
$66.5M
$91.1M
Q3 24
$61.3M
$73.7M
Q2 24
$46.8M
$48.6M
Q1 24
$73.1M
$48.9M
Total Debt
DSGR
DSGR
FSS
FSS
Q4 25
$564.6M
Q3 25
$665.5M
$201.2M
Q2 25
$675.0M
$258.3M
Q1 25
$712.4M
$266.9M
Q4 24
$693.9M
$204.4M
Q3 24
$704.1M
$223.3M
Q2 24
$573.7M
$248.8M
Q1 24
$535.7M
$266.8M
Stockholders' Equity
DSGR
DSGR
FSS
FSS
Q4 25
$1.4B
Q3 25
$653.9M
$1.3B
Q2 25
$649.4M
$1.3B
Q1 25
$636.7M
$1.2B
Q4 24
$640.5M
$1.2B
Q3 24
$680.8M
$1.1B
Q2 24
$653.3M
$1.1B
Q1 24
$654.7M
$1.0B
Total Assets
DSGR
DSGR
FSS
FSS
Q4 25
$2.4B
Q3 25
$1.8B
$1.9B
Q2 25
$1.8B
$1.9B
Q1 25
$1.8B
$1.9B
Q4 24
$1.7B
$1.8B
Q3 24
$1.8B
$1.7B
Q2 24
$1.6B
$1.7B
Q1 24
$1.5B
$1.7B
Debt / Equity
DSGR
DSGR
FSS
FSS
Q4 25
0.41×
Q3 25
1.02×
0.15×
Q2 25
1.04×
0.20×
Q1 25
1.12×
0.22×
Q4 24
1.08×
0.17×
Q3 24
1.03×
0.19×
Q2 24
0.88×
0.23×
Q1 24
0.82×
0.26×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DSGR
DSGR
FSS
FSS
Operating Cash FlowLast quarter
$38.4M
$97.2M
Free Cash FlowOCF − Capex
$32.9M
$89.5M
FCF MarginFCF / Revenue
6.3%
15.0%
Capex IntensityCapex / Revenue
1.1%
1.3%
Cash ConversionOCF / Net Profit
5.95×
1.60×
TTM Free Cash FlowTrailing 4 quarters
$92.2M
$227.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DSGR
DSGR
FSS
FSS
Q4 25
$97.2M
Q3 25
$38.4M
$61.1M
Q2 25
$33.3M
$59.7M
Q1 25
$-4.8M
$36.7M
Q4 24
$45.7M
$90.6M
Q3 24
$-17.3M
$68.8M
Q2 24
$21.4M
$40.6M
Q1 24
$6.6M
$31.3M
Free Cash Flow
DSGR
DSGR
FSS
FSS
Q4 25
$89.5M
Q3 25
$32.9M
$54.1M
Q2 25
$28.7M
$52.4M
Q1 25
$-10.4M
$31.1M
Q4 24
$41.1M
$82.1M
Q3 24
$-20.5M
$60.9M
Q2 24
$18.0M
$24.8M
Q1 24
$4.2M
$22.9M
FCF Margin
DSGR
DSGR
FSS
FSS
Q4 25
15.0%
Q3 25
6.3%
9.7%
Q2 25
5.7%
9.3%
Q1 25
-2.2%
6.7%
Q4 24
8.6%
17.4%
Q3 24
-4.4%
12.8%
Q2 24
4.1%
5.1%
Q1 24
1.0%
5.4%
Capex Intensity
DSGR
DSGR
FSS
FSS
Q4 25
1.3%
Q3 25
1.1%
1.3%
Q2 25
0.9%
1.3%
Q1 25
1.2%
1.2%
Q4 24
1.0%
1.8%
Q3 24
0.7%
1.7%
Q2 24
0.8%
3.2%
Q1 24
0.6%
2.0%
Cash Conversion
DSGR
DSGR
FSS
FSS
Q4 25
1.60×
Q3 25
5.95×
0.90×
Q2 25
6.66×
0.84×
Q1 25
-1.46×
0.79×
Q4 24
1.81×
Q3 24
-0.79×
1.28×
Q2 24
11.28×
0.67×
Q1 24
0.61×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DSGR
DSGR

Test Equity Segment$206.5M40%
Gexpro Services Segment$130.5M25%
Lawson Segment$121.5M23%
Canada Branch Division Segment$60.0M12%

FSS
FSS

Vehiclesandequipment$403.4M68%
Parts$66.8M11%
Publicsafetyandsecurityequipment$62.2M10%
Rentalincome$19.0M3%
Industrialsignalingequipment$18.2M3%
Other$14.9M2%
Warningsystems$12.6M2%

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