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Side-by-side financial comparison of Distribution Solutions Group, Inc. (DSGR) and HOVNANIAN ENTERPRISES INC (HOV). Click either name above to swap in a different company.

HOVNANIAN ENTERPRISES INC is the larger business by last-quarter revenue ($817.9M vs $518.0M, roughly 1.6× Distribution Solutions Group, Inc.). Distribution Solutions Group, Inc. runs the higher net margin — 1.2% vs -0.1%, a 1.3% 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%). HOVNANIAN ENTERPRISES INC produced more free cash flow last quarter ($164.0M vs $32.9M). Over the past eight quarters, HOVNANIAN ENTERPRISES INC's revenue compounded faster (17.3% CAGR vs 13.1%).

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

Hovnanian Enterprises, Inc. is an American real estate company which is involved in every aspect of marketing homes, including design, construction and sales. The company works with individual detached housing as well as higher-occupancy dwellings, including townhouses, condominiums and retirement homes.

DSGR vs HOV — Head-to-Head

Bigger by revenue
HOV
HOV
1.6× larger
HOV
$817.9M
$518.0M
DSGR
Growing faster (revenue YoY)
DSGR
DSGR
+27.2% gap
DSGR
10.7%
-16.5%
HOV
Higher net margin
DSGR
DSGR
1.3% more per $
DSGR
1.2%
-0.1%
HOV
More free cash flow
HOV
HOV
$131.1M more FCF
HOV
$164.0M
$32.9M
DSGR
Faster 2-yr revenue CAGR
HOV
HOV
Annualised
HOV
17.3%
13.1%
DSGR

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DSGR
DSGR
HOV
HOV
Revenue
$518.0M
$817.9M
Net Profit
$6.5M
$-667.0K
Gross Margin
32.9%
Operating Margin
4.6%
-0.5%
Net Margin
1.2%
-0.1%
Revenue YoY
10.7%
-16.5%
Net Profit YoY
-70.6%
-100.7%
EPS (diluted)
$0.14
$-0.57

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
HOV
HOV
Q4 25
$817.9M
Q3 25
$518.0M
$800.6M
Q2 25
$502.4M
$686.5M
Q1 25
$478.0M
$673.6M
Q4 24
$480.5M
$979.6M
Q3 24
$468.0M
$722.7M
Q2 24
$439.5M
$708.4M
Q1 24
$416.1M
$594.2M
Net Profit
DSGR
DSGR
HOV
HOV
Q4 25
$-667.0K
Q3 25
$6.5M
$16.6M
Q2 25
$5.0M
$19.7M
Q1 25
$3.3M
$28.2M
Q4 24
$-25.9M
$94.3M
Q3 24
$21.9M
$72.9M
Q2 24
$1.9M
$50.8M
Q1 24
$-5.2M
$23.9M
Gross Margin
DSGR
DSGR
HOV
HOV
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
HOV
HOV
Q4 25
-0.5%
Q3 25
4.6%
3.0%
Q2 25
5.3%
3.9%
Q1 25
4.2%
5.9%
Q4 24
4.2%
12.0%
Q3 24
4.0%
13.5%
Q2 24
3.2%
9.8%
Q1 24
0.7%
5.5%
Net Margin
DSGR
DSGR
HOV
HOV
Q4 25
-0.1%
Q3 25
1.2%
2.1%
Q2 25
1.0%
2.9%
Q1 25
0.7%
4.2%
Q4 24
-5.4%
9.6%
Q3 24
4.7%
10.1%
Q2 24
0.4%
7.2%
Q1 24
-1.3%
4.0%
EPS (diluted)
DSGR
DSGR
HOV
HOV
Q4 25
$-0.57
Q3 25
$0.14
$1.99
Q2 25
$0.11
$2.43
Q1 25
$0.07
$3.58
Q4 24
$-0.55
$12.47
Q3 24
$0.46
$9.75
Q2 24
$0.04
$6.66
Q1 24
$-0.11
$2.91

Balance Sheet & Financial Strength

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

Metric
DSGR
DSGR
HOV
HOV
Cash + ST InvestmentsLiquidity on hand
$69.2M
Total DebtLower is stronger
$665.5M
$900.7M
Stockholders' EquityBook value
$653.9M
$830.9M
Total Assets
$1.8B
$2.6B
Debt / EquityLower = less leverage
1.02×
1.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DSGR
DSGR
HOV
HOV
Q4 25
Q3 25
$69.2M
Q2 25
$47.4M
Q1 25
$65.4M
Q4 24
$66.5M
Q3 24
$61.3M
Q2 24
$46.8M
Q1 24
$73.1M
Total Debt
DSGR
DSGR
HOV
HOV
Q4 25
$900.7M
Q3 25
$665.5M
$861.9M
Q2 25
$675.0M
$864.3M
Q1 25
$712.4M
$893.7M
Q4 24
$693.9M
$896.2M
Q3 24
$704.1M
$898.7M
Q2 24
$573.7M
$933.0M
Q1 24
$535.7M
$934.6M
Stockholders' Equity
DSGR
DSGR
HOV
HOV
Q4 25
$830.9M
Q3 25
$653.9M
$835.4M
Q2 25
$649.4M
$820.4M
Q1 25
$636.7M
$811.4M
Q4 24
$640.5M
$800.3M
Q3 24
$680.8M
$703.4M
Q2 24
$653.3M
$647.0M
Q1 24
$654.7M
$607.1M
Total Assets
DSGR
DSGR
HOV
HOV
Q4 25
$2.6B
Q3 25
$1.8B
$2.6B
Q2 25
$1.8B
$2.6B
Q1 25
$1.8B
$2.5B
Q4 24
$1.7B
$2.6B
Q3 24
$1.8B
$2.5B
Q2 24
$1.6B
$2.3B
Q1 24
$1.5B
$2.3B
Debt / Equity
DSGR
DSGR
HOV
HOV
Q4 25
1.08×
Q3 25
1.02×
1.03×
Q2 25
1.04×
1.05×
Q1 25
1.12×
1.10×
Q4 24
1.08×
1.12×
Q3 24
1.03×
1.28×
Q2 24
0.88×
1.44×
Q1 24
0.82×
1.54×

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
HOV
HOV
Operating Cash FlowLast quarter
$38.4M
$169.1M
Free Cash FlowOCF − Capex
$32.9M
$164.0M
FCF MarginFCF / Revenue
6.3%
20.0%
Capex IntensityCapex / Revenue
1.1%
0.6%
Cash ConversionOCF / Net Profit
5.95×
TTM Free Cash FlowTrailing 4 quarters
$92.2M
$166.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DSGR
DSGR
HOV
HOV
Q4 25
$169.1M
Q3 25
$38.4M
$52.8M
Q2 25
$33.3M
$22.3M
Q1 25
$-4.8M
$-55.9M
Q4 24
$45.7M
$115.8M
Q3 24
$-17.3M
$-92.3M
Q2 24
$21.4M
$89.1M
Q1 24
$6.6M
$-89.0M
Free Cash Flow
DSGR
DSGR
HOV
HOV
Q4 25
$164.0M
Q3 25
$32.9M
$45.8M
Q2 25
$28.7M
$16.0M
Q1 25
$-10.4M
$-59.6M
Q4 24
$41.1M
$111.4M
Q3 24
$-20.5M
$-95.8M
Q2 24
$18.0M
$84.7M
Q1 24
$4.2M
$-94.4M
FCF Margin
DSGR
DSGR
HOV
HOV
Q4 25
20.0%
Q3 25
6.3%
5.7%
Q2 25
5.7%
2.3%
Q1 25
-2.2%
-8.8%
Q4 24
8.6%
11.4%
Q3 24
-4.4%
-13.3%
Q2 24
4.1%
12.0%
Q1 24
1.0%
-15.9%
Capex Intensity
DSGR
DSGR
HOV
HOV
Q4 25
0.6%
Q3 25
1.1%
0.9%
Q2 25
0.9%
0.9%
Q1 25
1.2%
0.5%
Q4 24
1.0%
0.5%
Q3 24
0.7%
0.5%
Q2 24
0.8%
0.6%
Q1 24
0.6%
0.9%
Cash Conversion
DSGR
DSGR
HOV
HOV
Q4 25
Q3 25
5.95×
3.18×
Q2 25
6.66×
1.13×
Q1 25
-1.46×
-1.98×
Q4 24
1.23×
Q3 24
-0.79×
-1.27×
Q2 24
11.28×
1.75×
Q1 24
-3.72×

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%

HOV
HOV

Home Building$789.8M97%
Financial Services$28.1M3%
Management Fees$7.1M1%

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