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Side-by-side financial comparison of Distribution Solutions Group, Inc. (DSGR) and HUTCHMED (China) Ltd (HCM). 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 $270.8M, roughly 1.9× HUTCHMED (China) Ltd). Distribution Solutions Group, Inc. runs the higher net margin — 1.2% vs 0.7%, a 0.5% gap on every dollar of revenue. On growth, Distribution Solutions Group, Inc. posted the faster year-over-year revenue change (10.7% vs -16.5%). Distribution Solutions Group, Inc. produced more free cash flow last quarter ($32.9M vs $3.4M).

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

HUTCHMED (China) Ltd is a biopharmaceutical firm focused on discovering, developing and commercializing targeted and immunotherapies for oncology and immunological diseases. It operates across China and global markets, with multiple marketed oncology drugs and a robust pipeline of late-stage clinical candidates addressing unmet patient needs.

DSGR vs HCM — Head-to-Head

Bigger by revenue
DSGR
DSGR
1.9× larger
DSGR
$518.0M
$270.8M
HCM
Growing faster (revenue YoY)
DSGR
DSGR
+27.2% gap
DSGR
10.7%
-16.5%
HCM
Higher net margin
DSGR
DSGR
0.5% more per $
DSGR
1.2%
0.7%
HCM
More free cash flow
DSGR
DSGR
$29.5M more FCF
DSGR
$32.9M
$3.4M
HCM

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DSGR
DSGR
HCM
HCM
Revenue
$518.0M
$270.8M
Net Profit
$6.5M
$2.0M
Gross Margin
32.9%
37.7%
Operating Margin
4.6%
-13.2%
Net Margin
1.2%
0.7%
Revenue YoY
10.7%
-16.5%
Net Profit YoY
-70.6%
-83.6%
EPS (diluted)
$0.14
$0.00

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
HCM
HCM
Q4 25
$270.8M
Q3 25
$518.0M
Q2 25
$502.4M
$277.7M
Q1 25
$478.0M
$324.5M
Q4 24
$480.5M
Q3 24
$468.0M
Q2 24
$439.5M
$305.7M
Q1 24
$416.1M
Net Profit
DSGR
DSGR
HCM
HCM
Q4 25
$2.0M
Q3 25
$6.5M
Q2 25
$5.0M
$455.0M
Q1 25
$3.3M
$11.9M
Q4 24
$-25.9M
Q3 24
$21.9M
Q2 24
$1.9M
$25.8M
Q1 24
$-5.2M
Gross Margin
DSGR
DSGR
HCM
HCM
Q4 25
37.7%
Q3 25
32.9%
Q2 25
33.9%
0.1%
Q1 25
34.3%
48.0%
Q4 24
33.3%
Q3 24
33.9%
Q2 24
34.5%
41.1%
Q1 24
34.5%
Operating Margin
DSGR
DSGR
HCM
HCM
Q4 25
-13.2%
Q3 25
4.6%
Q2 25
5.3%
-1.3%
Q1 25
4.2%
-5.0%
Q4 24
4.2%
Q3 24
4.0%
Q2 24
3.2%
-9.0%
Q1 24
0.7%
Net Margin
DSGR
DSGR
HCM
HCM
Q4 25
0.7%
Q3 25
1.2%
Q2 25
1.0%
163.8%
Q1 25
0.7%
3.7%
Q4 24
-5.4%
Q3 24
4.7%
Q2 24
0.4%
8.4%
Q1 24
-1.3%
EPS (diluted)
DSGR
DSGR
HCM
HCM
Q4 25
$0.00
Q3 25
$0.14
Q2 25
$0.11
$0.52
Q1 25
$0.07
$0.01
Q4 24
$-0.55
Q3 24
$0.46
Q2 24
$0.04
$0.03
Q1 24
$-0.11

Balance Sheet & Financial Strength

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

Metric
DSGR
DSGR
HCM
HCM
Cash + ST InvestmentsLiquidity on hand
$69.2M
$1.4B
Total DebtLower is stronger
$665.5M
$93.2M
Stockholders' EquityBook value
$653.9M
$1.2B
Total Assets
$1.8B
$1.8B
Debt / EquityLower = less leverage
1.02×
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DSGR
DSGR
HCM
HCM
Q4 25
$1.4B
Q3 25
$69.2M
Q2 25
$47.4M
$1.4B
Q1 25
$65.4M
$836.1M
Q4 24
$66.5M
Q3 24
$61.3M
Q2 24
$46.8M
$802.5M
Q1 24
$73.1M
Total Debt
DSGR
DSGR
HCM
HCM
Q4 25
$93.2M
Q3 25
$665.5M
Q2 25
$675.0M
$93.4M
Q1 25
$712.4M
$82.8M
Q4 24
$693.9M
Q3 24
$704.1M
Q2 24
$573.7M
$82.1M
Q1 24
$535.7M
Stockholders' Equity
DSGR
DSGR
HCM
HCM
Q4 25
$1.2B
Q3 25
$653.9M
Q2 25
$649.4M
$1.2B
Q1 25
$636.7M
$759.9M
Q4 24
$640.5M
Q3 24
$680.8M
Q2 24
$653.3M
$740.1M
Q1 24
$654.7M
Total Assets
DSGR
DSGR
HCM
HCM
Q4 25
$1.8B
Q3 25
$1.8B
Q2 25
$1.8B
$1.8B
Q1 25
$1.8B
$1.3B
Q4 24
$1.7B
Q3 24
$1.8B
Q2 24
$1.6B
$1.3B
Q1 24
$1.5B
Debt / Equity
DSGR
DSGR
HCM
HCM
Q4 25
0.08×
Q3 25
1.02×
Q2 25
1.04×
0.08×
Q1 25
1.12×
0.11×
Q4 24
1.08×
Q3 24
1.03×
Q2 24
0.88×
0.11×
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
HCM
HCM
Operating Cash FlowLast quarter
$38.4M
$8.2M
Free Cash FlowOCF − Capex
$32.9M
$3.4M
FCF MarginFCF / Revenue
6.3%
1.2%
Capex IntensityCapex / Revenue
1.1%
1.8%
Cash ConversionOCF / Net Profit
5.95×
4.21×
TTM Free Cash FlowTrailing 4 quarters
$92.2M
$-96.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DSGR
DSGR
HCM
HCM
Q4 25
$8.2M
Q3 25
$38.4M
Q2 25
$33.3M
$-72.9M
Q1 25
$-4.8M
$40.3M
Q4 24
$45.7M
Q3 24
$-17.3M
Q2 24
$21.4M
$-39.8M
Q1 24
$6.6M
Free Cash Flow
DSGR
DSGR
HCM
HCM
Q4 25
$3.4M
Q3 25
$32.9M
Q2 25
$28.7M
$-82.2M
Q1 25
$-10.4M
$32.5M
Q4 24
$41.1M
Q3 24
$-20.5M
Q2 24
$18.0M
$-49.9M
Q1 24
$4.2M
FCF Margin
DSGR
DSGR
HCM
HCM
Q4 25
1.2%
Q3 25
6.3%
Q2 25
5.7%
-29.6%
Q1 25
-2.2%
10.0%
Q4 24
8.6%
Q3 24
-4.4%
Q2 24
4.1%
-16.3%
Q1 24
1.0%
Capex Intensity
DSGR
DSGR
HCM
HCM
Q4 25
1.8%
Q3 25
1.1%
Q2 25
0.9%
3.3%
Q1 25
1.2%
2.4%
Q4 24
1.0%
Q3 24
0.7%
Q2 24
0.8%
3.3%
Q1 24
0.6%
Cash Conversion
DSGR
DSGR
HCM
HCM
Q4 25
4.21×
Q3 25
5.95×
Q2 25
6.66×
-0.16×
Q1 25
-1.46×
3.38×
Q4 24
Q3 24
-0.79×
Q2 24
11.28×
-1.54×
Q1 24

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%

HCM
HCM

Segment breakdown not available.

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