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Side-by-side financial comparison of Distribution Solutions Group, Inc. (DSGR) and GENESIS ENERGY LP (GEL). Click either name above to swap in a different company.

Distribution Solutions Group, Inc. is the larger business by last-quarter revenue ($518.0M vs $440.8M, roughly 1.2× GENESIS ENERGY LP). GENESIS ENERGY LP runs the higher net margin — 4.5% vs 1.2%, a 3.3% gap on every dollar of revenue. On growth, Distribution Solutions Group, Inc. posted the faster year-over-year revenue change (10.7% vs 10.5%). GENESIS ENERGY LP produced more free cash flow last quarter ($87.0M vs $32.9M). Over the past eight quarters, Distribution Solutions Group, Inc.'s revenue compounded faster (13.1% CAGR vs 0.7%).

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

Genesis Energy LP is a U.S.-based midstream energy limited partnership that operates critical infrastructure for crude oil, natural gas, refined petroleum products, and specialty industrial materials. Its core assets include pipelines, storage terminals, marine facilities, and rail logistics hubs, serving refineries, industrial clients, and energy distributors across North America.

DSGR vs GEL — Head-to-Head

Bigger by revenue
DSGR
DSGR
1.2× larger
DSGR
$518.0M
$440.8M
GEL
Growing faster (revenue YoY)
DSGR
DSGR
+0.2% gap
DSGR
10.7%
10.5%
GEL
Higher net margin
GEL
GEL
3.3% more per $
GEL
4.5%
1.2%
DSGR
More free cash flow
GEL
GEL
$54.1M more FCF
GEL
$87.0M
$32.9M
DSGR
Faster 2-yr revenue CAGR
DSGR
DSGR
Annualised
DSGR
13.1%
0.7%
GEL

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DSGR
DSGR
GEL
GEL
Revenue
$518.0M
$440.8M
Net Profit
$6.5M
$19.9M
Gross Margin
32.9%
Operating Margin
4.6%
20.4%
Net Margin
1.2%
4.5%
Revenue YoY
10.7%
10.5%
Net Profit YoY
-70.6%
140.2%
EPS (diluted)
$0.14
$0.04

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
GEL
GEL
Q4 25
$440.8M
Q3 25
$518.0M
$414.0M
Q2 25
$502.4M
$377.3M
Q1 25
$478.0M
$398.3M
Q4 24
$480.5M
$398.9M
Q3 24
$468.0M
$397.3M
Q2 24
$439.5M
$430.2M
Q1 24
$416.1M
$434.4M
Net Profit
DSGR
DSGR
GEL
GEL
Q4 25
$19.9M
Q3 25
$6.5M
$9.2M
Q2 25
$5.0M
$-406.0K
Q1 25
$3.3M
$-469.1M
Q4 24
$-25.9M
$-49.4M
Q3 24
$21.9M
$-17.2M
Q2 24
$1.9M
$-8.7M
Q1 24
$-5.2M
$11.4M
Gross Margin
DSGR
DSGR
GEL
GEL
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%
Operating Margin
DSGR
DSGR
GEL
GEL
Q4 25
20.4%
Q3 25
4.6%
19.0%
Q2 25
5.3%
17.9%
Q1 25
4.2%
5.5%
Q4 24
4.2%
3.4%
Q3 24
4.0%
12.2%
Q2 24
3.2%
11.6%
Q1 24
0.7%
13.4%
Net Margin
DSGR
DSGR
GEL
GEL
Q4 25
4.5%
Q3 25
1.2%
2.2%
Q2 25
1.0%
-0.1%
Q1 25
0.7%
-117.8%
Q4 24
-5.4%
-12.4%
Q3 24
4.7%
-4.3%
Q2 24
0.4%
-2.0%
Q1 24
-1.3%
2.6%
EPS (diluted)
DSGR
DSGR
GEL
GEL
Q4 25
$0.04
Q3 25
$0.14
$-0.05
Q2 25
$0.11
$-0.12
Q1 25
$0.07
$-4.06
Q4 24
$-0.55
$-0.58
Q3 24
$0.46
$-0.32
Q2 24
$0.04
$-0.25
Q1 24
$-0.11
$-0.09

Balance Sheet & Financial Strength

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

Metric
DSGR
DSGR
GEL
GEL
Cash + ST InvestmentsLiquidity on hand
$69.2M
$6.4M
Total DebtLower is stronger
$665.5M
$3.0B
Stockholders' EquityBook value
$653.9M
Total Assets
$1.8B
$4.9B
Debt / EquityLower = less leverage
1.02×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DSGR
DSGR
GEL
GEL
Q4 25
$6.4M
Q3 25
$69.2M
$4.9M
Q2 25
$47.4M
$4.5M
Q1 25
$65.4M
$377.4M
Q4 24
$66.5M
$7.4M
Q3 24
$61.3M
$13.0M
Q2 24
$46.8M
$13.7M
Q1 24
$73.1M
$7.0M
Total Debt
DSGR
DSGR
GEL
GEL
Q4 25
$3.0B
Q3 25
$665.5M
$3.1B
Q2 25
$675.0M
$3.1B
Q1 25
$712.4M
$3.4B
Q4 24
$693.9M
$3.7B
Q3 24
$704.1M
$4.0B
Q2 24
$573.7M
$3.9B
Q1 24
$535.7M
$3.8B
Stockholders' Equity
DSGR
DSGR
GEL
GEL
Q4 25
Q3 25
$653.9M
Q2 25
$649.4M
Q1 25
$636.7M
Q4 24
$640.5M
Q3 24
$680.8M
Q2 24
$653.3M
Q1 24
$654.7M
Total Assets
DSGR
DSGR
GEL
GEL
Q4 25
$4.9B
Q3 25
$1.8B
$4.9B
Q2 25
$1.8B
$4.8B
Q1 25
$1.8B
$5.2B
Q4 24
$1.7B
$7.0B
Q3 24
$1.8B
$7.1B
Q2 24
$1.6B
$7.0B
Q1 24
$1.5B
$6.9B
Debt / Equity
DSGR
DSGR
GEL
GEL
Q4 25
Q3 25
1.02×
Q2 25
1.04×
Q1 25
1.12×
Q4 24
1.08×
Q3 24
1.03×
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
DSGR
DSGR
GEL
GEL
Operating Cash FlowLast quarter
$38.4M
$110.8M
Free Cash FlowOCF − Capex
$32.9M
$87.0M
FCF MarginFCF / Revenue
6.3%
19.7%
Capex IntensityCapex / Revenue
1.1%
5.4%
Cash ConversionOCF / Net Profit
5.95×
5.58×
TTM Free Cash FlowTrailing 4 quarters
$92.2M
$65.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DSGR
DSGR
GEL
GEL
Q4 25
$110.8M
Q3 25
$38.4M
$70.3M
Q2 25
$33.3M
$47.0M
Q1 25
$-4.8M
$24.8M
Q4 24
$45.7M
$74.0M
Q3 24
$-17.3M
$87.3M
Q2 24
$21.4M
$104.7M
Q1 24
$6.6M
$125.9M
Free Cash Flow
DSGR
DSGR
GEL
GEL
Q4 25
$87.0M
Q3 25
$32.9M
$43.3M
Q2 25
$28.7M
$-7.6M
Q1 25
$-10.4M
$-56.8M
Q4 24
$41.1M
$-47.1M
Q3 24
$-20.5M
$-32.3M
Q2 24
$18.0M
$-67.5M
Q1 24
$4.2M
$-48.3M
FCF Margin
DSGR
DSGR
GEL
GEL
Q4 25
19.7%
Q3 25
6.3%
10.5%
Q2 25
5.7%
-2.0%
Q1 25
-2.2%
-14.3%
Q4 24
8.6%
-11.8%
Q3 24
-4.4%
-8.1%
Q2 24
4.1%
-15.7%
Q1 24
1.0%
-11.1%
Capex Intensity
DSGR
DSGR
GEL
GEL
Q4 25
5.4%
Q3 25
1.1%
6.5%
Q2 25
0.9%
14.5%
Q1 25
1.2%
20.5%
Q4 24
1.0%
30.3%
Q3 24
0.7%
30.1%
Q2 24
0.8%
40.0%
Q1 24
0.6%
40.1%
Cash Conversion
DSGR
DSGR
GEL
GEL
Q4 25
5.58×
Q3 25
5.95×
7.63×
Q2 25
6.66×
Q1 25
-1.46×
Q4 24
Q3 24
-0.79×
Q2 24
11.28×
Q1 24
11.09×

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%

GEL
GEL

Onshore Facilities And Transportation Revenue$204.2M46%
Offshore Pipeline Transportation Revenue$154.3M35%
Marine Transportation Revenue$82.2M19%

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