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Side-by-side financial comparison of Distribution Solutions Group, Inc. (DSGR) and HEALTHCARE SERVICES GROUP INC (HCSG). 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 $466.7M, roughly 1.1× HEALTHCARE SERVICES GROUP INC). On growth, Distribution Solutions Group, Inc. posted the faster year-over-year revenue change (10.7% vs 6.6%). Distribution Solutions Group, Inc. produced more free cash flow last quarter ($32.9M vs $16.0M). Over the past eight quarters, Distribution Solutions Group, Inc.'s revenue compounded faster (13.1% CAGR vs 5.0%).
Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.
Tenet Healthcare Corporation is an American for-profit multinational healthcare services company based in Dallas. Through its brands, subsidiaries, joint ventures, and partnerships including United Surgical Partners International (USPI), the company operates 65 hospitals and over 450 healthcare facilities. Tenet also runs Conifer Health Solutions, which provides healthcare support services to health systems and other clients.
DSGR vs HCSG — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $518.0M | $466.7M |
| Net Profit | $6.5M | — |
| Gross Margin | 32.9% | 15.4% |
| Operating Margin | 4.6% | 6.1% |
| Net Margin | 1.2% | — |
| Revenue YoY | 10.7% | 6.6% |
| Net Profit YoY | -70.6% | — |
| EPS (diluted) | $0.14 | $0.43 |
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 | — | $466.7M | ||
| Q3 25 | $518.0M | $464.3M | ||
| Q2 25 | $502.4M | $458.5M | ||
| Q1 25 | $478.0M | $447.7M | ||
| Q4 24 | $480.5M | $437.8M | ||
| Q3 24 | $468.0M | $428.1M | ||
| Q2 24 | $439.5M | $426.3M | ||
| Q1 24 | $416.1M | $423.4M |
| Q4 25 | — | — | ||
| Q3 25 | $6.5M | $43.0M | ||
| Q2 25 | $5.0M | $-32.4M | ||
| Q1 25 | $3.3M | $17.2M | ||
| Q4 24 | $-25.9M | — | ||
| Q3 24 | $21.9M | $14.0M | ||
| Q2 24 | $1.9M | $-1.8M | ||
| Q1 24 | $-5.2M | $15.3M |
| Q4 25 | — | 15.4% | ||
| Q3 25 | 32.9% | 20.8% | ||
| Q2 25 | 33.9% | 0.6% | ||
| Q1 25 | 34.3% | 15.2% | ||
| Q4 24 | 33.3% | 13.4% | ||
| Q3 24 | 33.9% | 14.8% | ||
| Q2 24 | 34.5% | 9.7% | ||
| Q1 24 | 34.5% | 15.2% |
| Q4 25 | — | 6.1% | ||
| Q3 25 | 4.6% | 12.3% | ||
| Q2 25 | 5.3% | -9.1% | ||
| Q1 25 | 4.2% | 5.3% | ||
| Q4 24 | 4.2% | 3.4% | ||
| Q3 24 | 4.0% | 4.4% | ||
| Q2 24 | 3.2% | -0.5% | ||
| Q1 24 | 0.7% | 5.0% |
| Q4 25 | — | — | ||
| Q3 25 | 1.2% | 9.3% | ||
| Q2 25 | 1.0% | -7.1% | ||
| Q1 25 | 0.7% | 3.8% | ||
| Q4 24 | -5.4% | — | ||
| Q3 24 | 4.7% | 3.3% | ||
| Q2 24 | 0.4% | -0.4% | ||
| Q1 24 | -1.3% | 3.6% |
| Q4 25 | — | $0.43 | ||
| Q3 25 | $0.14 | $0.59 | ||
| Q2 25 | $0.11 | $-0.44 | ||
| Q1 25 | $0.07 | $0.23 | ||
| Q4 24 | $-0.55 | $0.15 | ||
| Q3 24 | $0.46 | $0.19 | ||
| Q2 24 | $0.04 | $-0.02 | ||
| Q1 24 | $-0.11 | $0.21 |
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 | $168.0M |
| Total DebtLower is stronger | $665.5M | — |
| Stockholders' EquityBook value | $653.9M | $510.2M |
| Total Assets | $1.8B | $794.3M |
| Debt / EquityLower = less leverage | 1.02× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $168.0M | ||
| Q3 25 | $69.2M | $177.5M | ||
| Q2 25 | $47.4M | $134.5M | ||
| Q1 25 | $65.4M | $114.8M | ||
| Q4 24 | $66.5M | $107.3M | ||
| Q3 24 | $61.3M | $103.8M | ||
| Q2 24 | $46.8M | $105.6M | ||
| Q1 24 | $73.1M | $104.9M |
| Q4 25 | — | — | ||
| Q3 25 | $665.5M | — | ||
| Q2 25 | $675.0M | — | ||
| Q1 25 | $712.4M | — | ||
| Q4 24 | $693.9M | — | ||
| Q3 24 | $704.1M | — | ||
| Q2 24 | $573.7M | — | ||
| Q1 24 | $535.7M | — |
| Q4 25 | — | $510.2M | ||
| Q3 25 | $653.9M | $496.0M | ||
| Q2 25 | $649.4M | $477.0M | ||
| Q1 25 | $636.7M | $514.2M | ||
| Q4 24 | $640.5M | $499.9M | ||
| Q3 24 | $680.8M | $488.7M | ||
| Q2 24 | $653.3M | $471.4M | ||
| Q1 24 | $654.7M | $474.6M |
| Q4 25 | — | $794.3M | ||
| Q3 25 | $1.8B | $804.3M | ||
| Q2 25 | $1.8B | $802.2M | ||
| Q1 25 | $1.8B | $823.0M | ||
| Q4 24 | $1.7B | $802.8M | ||
| Q3 24 | $1.8B | $805.8M | ||
| Q2 24 | $1.6B | $799.7M | ||
| Q1 24 | $1.5B | $803.9M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $38.4M | $17.4M |
| Free Cash FlowOCF − Capex | $32.9M | $16.0M |
| FCF MarginFCF / Revenue | 6.3% | 3.4% |
| Capex IntensityCapex / Revenue | 1.1% | 0.3% |
| Cash ConversionOCF / Net Profit | 5.95× | — |
| TTM Free Cash FlowTrailing 4 quarters | $92.2M | $139.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $17.4M | ||
| Q3 25 | $38.4M | $71.3M | ||
| Q2 25 | $33.3M | $28.8M | ||
| Q1 25 | $-4.8M | $27.5M | ||
| Q4 24 | $45.7M | $36.2M | ||
| Q3 24 | $-17.3M | $4.3M | ||
| Q2 24 | $21.4M | $16.3M | ||
| Q1 24 | $6.6M | $-26.0M |
| Q4 25 | — | $16.0M | ||
| Q3 25 | $32.9M | $70.0M | ||
| Q2 25 | $28.7M | $27.4M | ||
| Q1 25 | $-10.4M | $25.8M | ||
| Q4 24 | $41.1M | $34.8M | ||
| Q3 24 | $-20.5M | $2.9M | ||
| Q2 24 | $18.0M | $15.0M | ||
| Q1 24 | $4.2M | $-28.2M |
| Q4 25 | — | 3.4% | ||
| Q3 25 | 6.3% | 15.1% | ||
| Q2 25 | 5.7% | 6.0% | ||
| Q1 25 | -2.2% | 5.8% | ||
| Q4 24 | 8.6% | 7.9% | ||
| Q3 24 | -4.4% | 0.7% | ||
| Q2 24 | 4.1% | 3.5% | ||
| Q1 24 | 1.0% | -6.7% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | 1.1% | 0.3% | ||
| Q2 25 | 0.9% | 0.3% | ||
| Q1 25 | 1.2% | 0.4% | ||
| Q4 24 | 1.0% | 0.3% | ||
| Q3 24 | 0.7% | 0.3% | ||
| Q2 24 | 0.8% | 0.3% | ||
| Q1 24 | 0.6% | 0.5% |
| Q4 25 | — | — | ||
| Q3 25 | 5.95× | 1.66× | ||
| Q2 25 | 6.66× | — | ||
| Q1 25 | -1.46× | 1.60× | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.79× | 0.31× | ||
| Q2 24 | 11.28× | — | ||
| Q1 24 | — | -1.70× |
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% |
HCSG
| Dietary Services | $255.9M | 55% |
| Other | $210.8M | 45% |
