vs
Side-by-side financial comparison of Distribution Solutions Group, Inc. (DSGR) and Global Business Travel Group, Inc. (GBTG). Click either name above to swap in a different company.
Global Business Travel Group, Inc. is the larger business by last-quarter revenue ($792.0M vs $518.0M, roughly 1.5× Distribution Solutions Group, Inc.). Global Business Travel Group, Inc. runs the higher net margin — 10.5% vs 1.2%, a 9.2% gap on every dollar of revenue. On growth, Global Business Travel Group, Inc. posted the faster year-over-year revenue change (34.0% vs 10.7%). Distribution Solutions Group, Inc. produced more free cash flow last quarter ($32.9M vs $13.0M). Over the past eight quarters, Global Business Travel Group, Inc.'s revenue compounded faster (13.9% CAGR vs 13.1%).
Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.
A travel management company (TMC) is a travel agency which manages organizations' corporate or business travel programs. Such companies will often provide an end-user online booking tool, mobile application, program management, and consulting teams, executive travel services, meetings and events support, reporting functionality, duty of care, and more. Non-Profit travel management companies also provide services to manage complex visa requirements, pre-trip medical needs, remote area travel, ...
DSGR vs GBTG — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $518.0M | $792.0M |
| Net Profit | $6.5M | $83.0M |
| Gross Margin | 32.9% | — |
| Operating Margin | 4.6% | 3.7% |
| Net Margin | 1.2% | 10.5% |
| Revenue YoY | 10.7% | 34.0% |
| Net Profit YoY | -70.6% | 692.9% |
| EPS (diluted) | $0.14 | $0.16 |
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.
| Q4 25 | — | $792.0M | ||
| Q3 25 | $518.0M | $674.0M | ||
| Q2 25 | $502.4M | $631.0M | ||
| Q1 25 | $478.0M | $621.0M | ||
| Q4 24 | $480.5M | $591.0M | ||
| Q3 24 | $468.0M | $597.0M | ||
| Q2 24 | $439.5M | $625.0M | ||
| Q1 24 | $416.1M | $610.0M |
| Q4 25 | — | $83.0M | ||
| Q3 25 | $6.5M | $-62.0M | ||
| Q2 25 | $5.0M | $15.0M | ||
| Q1 25 | $3.3M | $75.0M | ||
| Q4 24 | $-25.9M | $-14.0M | ||
| Q3 24 | $21.9M | $-128.0M | ||
| Q2 24 | $1.9M | $27.0M | ||
| Q1 24 | $-5.2M | $-19.0M |
| Q4 25 | — | — | ||
| Q3 25 | 32.9% | — | ||
| Q2 25 | 33.9% | — | ||
| Q1 25 | 34.3% | — | ||
| Q4 24 | 33.3% | — | ||
| Q3 24 | 33.9% | — | ||
| Q2 24 | 34.5% | — | ||
| Q1 24 | 34.5% | — |
| Q4 25 | — | 3.7% | ||
| Q3 25 | 4.6% | 1.8% | ||
| Q2 25 | 5.3% | 5.4% | ||
| Q1 25 | 4.2% | 8.9% | ||
| Q4 24 | 4.2% | 5.1% | ||
| Q3 24 | 4.0% | 4.5% | ||
| Q2 24 | 3.2% | 6.7% | ||
| Q1 24 | 0.7% | 2.6% |
| Q4 25 | — | 10.5% | ||
| Q3 25 | 1.2% | -9.2% | ||
| Q2 25 | 1.0% | 2.4% | ||
| Q1 25 | 0.7% | 12.1% | ||
| Q4 24 | -5.4% | -2.4% | ||
| Q3 24 | 4.7% | -21.4% | ||
| Q2 24 | 0.4% | 4.3% | ||
| Q1 24 | -1.3% | -3.1% |
| Q4 25 | — | $0.16 | ||
| Q3 25 | $0.14 | $-0.13 | ||
| Q2 25 | $0.11 | $0.03 | ||
| Q1 25 | $0.07 | $0.16 | ||
| Q4 24 | $-0.55 | $-0.04 | ||
| Q3 24 | $0.46 | $-0.28 | ||
| Q2 24 | $0.04 | $0.06 | ||
| Q1 24 | $-0.11 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $69.2M | $434.0M |
| Total DebtLower is stronger | $665.5M | $1.4B |
| Stockholders' EquityBook value | $653.9M | $1.6B |
| Total Assets | $1.8B | $4.9B |
| Debt / EquityLower = less leverage | 1.02× | 0.88× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $434.0M | ||
| Q3 25 | $69.2M | $427.0M | ||
| Q2 25 | $47.4M | $601.0M | ||
| Q1 25 | $65.4M | $552.0M | ||
| Q4 24 | $66.5M | $536.0M | ||
| Q3 24 | $61.3M | $524.0M | ||
| Q2 24 | $46.8M | $515.0M | ||
| Q1 24 | $73.1M | $475.0M |
| Q4 25 | — | $1.4B | ||
| Q3 25 | $665.5M | $1.4B | ||
| Q2 25 | $675.0M | $1.4B | ||
| Q1 25 | $712.4M | $1.4B | ||
| Q4 24 | $693.9M | $1.4B | ||
| Q3 24 | $704.1M | $1.4B | ||
| Q2 24 | $573.7M | — | ||
| Q1 24 | $535.7M | — |
| Q4 25 | — | $1.6B | ||
| Q3 25 | $653.9M | $1.5B | ||
| Q2 25 | $649.4M | $1.2B | ||
| Q1 25 | $636.7M | $1.1B | ||
| Q4 24 | $640.5M | $1.1B | ||
| Q3 24 | $680.8M | $1.1B | ||
| Q2 24 | $653.3M | $1.2B | ||
| Q1 24 | $654.7M | $1.2B |
| Q4 25 | — | $4.9B | ||
| Q3 25 | $1.8B | $4.8B | ||
| Q2 25 | $1.8B | $3.9B | ||
| Q1 25 | $1.8B | $3.8B | ||
| Q4 24 | $1.7B | $3.6B | ||
| Q3 24 | $1.8B | $3.8B | ||
| Q2 24 | $1.6B | $3.8B | ||
| Q1 24 | $1.5B | $3.8B |
| Q4 25 | — | 0.88× | ||
| Q3 25 | 1.02× | 0.91× | ||
| Q2 25 | 1.04× | 1.15× | ||
| Q1 25 | 1.12× | 1.23× | ||
| Q4 24 | 1.08× | 1.32× | ||
| Q3 24 | 1.03× | 1.26× | ||
| Q2 24 | 0.88× | — | ||
| Q1 24 | 0.82× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $38.4M | $52.0M |
| Free Cash FlowOCF − Capex | $32.9M | $13.0M |
| FCF MarginFCF / Revenue | 6.3% | 1.6% |
| Capex IntensityCapex / Revenue | 1.1% | 4.9% |
| Cash ConversionOCF / Net Profit | 5.95× | 0.63× |
| TTM Free Cash FlowTrailing 4 quarters | $92.2M | $104.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $52.0M | ||
| Q3 25 | $38.4M | $71.0M | ||
| Q2 25 | $33.3M | $57.0M | ||
| Q1 25 | $-4.8M | $53.0M | ||
| Q4 24 | $45.7M | $65.0M | ||
| Q3 24 | $-17.3M | $85.0M | ||
| Q2 24 | $21.4M | $73.0M | ||
| Q1 24 | $6.6M | $49.0M |
| Q4 25 | — | $13.0M | ||
| Q3 25 | $32.9M | $38.0M | ||
| Q2 25 | $28.7M | $27.0M | ||
| Q1 25 | $-10.4M | $26.0M | ||
| Q4 24 | $41.1M | $33.0M | ||
| Q3 24 | $-20.5M | $59.0M | ||
| Q2 24 | $18.0M | $49.0M | ||
| Q1 24 | $4.2M | $24.0M |
| Q4 25 | — | 1.6% | ||
| Q3 25 | 6.3% | 5.6% | ||
| Q2 25 | 5.7% | 4.3% | ||
| Q1 25 | -2.2% | 4.2% | ||
| Q4 24 | 8.6% | 5.6% | ||
| Q3 24 | -4.4% | 9.9% | ||
| Q2 24 | 4.1% | 7.8% | ||
| Q1 24 | 1.0% | 3.9% |
| Q4 25 | — | 4.9% | ||
| Q3 25 | 1.1% | 4.9% | ||
| Q2 25 | 0.9% | 4.8% | ||
| Q1 25 | 1.2% | 4.3% | ||
| Q4 24 | 1.0% | 5.4% | ||
| Q3 24 | 0.7% | 4.4% | ||
| Q2 24 | 0.8% | 3.8% | ||
| Q1 24 | 0.6% | 4.1% |
| Q4 25 | — | 0.63× | ||
| Q3 25 | 5.95× | — | ||
| Q2 25 | 6.66× | 3.80× | ||
| Q1 25 | -1.46× | 0.71× | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.79× | — | ||
| Q2 24 | 11.28× | 2.70× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DSGR
| Test Equity Segment | $206.5M | 40% |
| Gexpro Services Segment | $130.5M | 25% |
| Lawson Segment | $121.5M | 23% |
| Canada Branch Division Segment | $60.0M | 12% |
GBTG
| Travel | $620.0M | 78% |
| Other | $172.0M | 22% |
