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Side-by-side financial comparison of Distribution Solutions Group, Inc. (DSGR) and Liberty Energy Inc. (LBRT). Click either name above to swap in a different company.
Liberty Energy Inc. is the larger business by last-quarter revenue ($1.0B vs $518.0M, roughly 2.0× Distribution Solutions Group, Inc.). Liberty Energy Inc. runs the higher net margin — 2.2% vs 1.2%, a 1.0% gap on every dollar of revenue. On growth, Distribution Solutions Group, Inc. posted the faster year-over-year revenue change (10.7% vs 4.5%). Over the past eight quarters, Distribution Solutions Group, Inc.'s revenue compounded faster (13.1% CAGR vs -6.2%).
Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.
Liberty Energy Inc. is a North American energy services provider specializing in hydraulic fracturing and well completion solutions for oil and gas operators. It serves clients across major U.S. shale basins, offering low-emission equipment and tailored support to optimize well productivity.
DSGR vs LBRT — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $518.0M | $1.0B |
| Net Profit | $6.5M | $22.6M |
| Gross Margin | 32.9% | — |
| Operating Margin | 4.6% | 2.2% |
| Net Margin | 1.2% | 2.2% |
| Revenue YoY | 10.7% | 4.5% |
| Net Profit YoY | -70.6% | — |
| EPS (diluted) | $0.14 | $0.14 |
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.
| Q1 26 | — | $1.0B | ||
| Q4 25 | — | $1.0B | ||
| Q3 25 | $518.0M | $947.4M | ||
| Q2 25 | $502.4M | $1.0B | ||
| Q1 25 | $478.0M | $977.5M | ||
| Q4 24 | $480.5M | $943.6M | ||
| Q3 24 | $468.0M | $1.1B | ||
| Q2 24 | $439.5M | $1.2B |
| Q1 26 | — | $22.6M | ||
| Q4 25 | — | $13.7M | ||
| Q3 25 | $6.5M | $43.1M | ||
| Q2 25 | $5.0M | $71.0M | ||
| Q1 25 | $3.3M | $20.1M | ||
| Q4 24 | $-25.9M | $51.9M | ||
| Q3 24 | $21.9M | $73.8M | ||
| Q2 24 | $1.9M | $108.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 20.6% | ||
| Q3 25 | 32.9% | 18.7% | ||
| Q2 25 | 33.9% | 22.1% | ||
| Q1 25 | 34.3% | 22.1% | ||
| Q4 24 | 33.3% | 21.4% | ||
| Q3 24 | 33.9% | 26.2% | ||
| Q2 24 | 34.5% | 27.9% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | — | 1.9% | ||
| Q3 25 | 4.6% | -0.3% | ||
| Q2 25 | 5.3% | 3.6% | ||
| Q1 25 | 4.2% | 1.9% | ||
| Q4 24 | 4.2% | 2.6% | ||
| Q3 24 | 4.0% | 9.4% | ||
| Q2 24 | 3.2% | 12.2% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | — | 1.3% | ||
| Q3 25 | 1.2% | 4.5% | ||
| Q2 25 | 1.0% | 6.8% | ||
| Q1 25 | 0.7% | 2.1% | ||
| Q4 24 | -5.4% | 5.5% | ||
| Q3 24 | 4.7% | 6.5% | ||
| Q2 24 | 0.4% | 9.3% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | — | $0.08 | ||
| Q3 25 | $0.14 | $0.26 | ||
| Q2 25 | $0.11 | $0.43 | ||
| Q1 25 | $0.07 | $0.12 | ||
| Q4 24 | $-0.55 | $0.31 | ||
| Q3 24 | $0.46 | $0.44 | ||
| Q2 24 | $0.04 | $0.64 |
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 | $699.1M |
| Total DebtLower is stronger | $665.5M | $7.1M |
| Stockholders' EquityBook value | $653.9M | $1.9B |
| Total Assets | $1.8B | $4.4B |
| Debt / EquityLower = less leverage | 1.02× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $699.1M | ||
| Q4 25 | — | $27.6M | ||
| Q3 25 | $69.2M | $13.5M | ||
| Q2 25 | $47.4M | $19.6M | ||
| Q1 25 | $65.4M | $24.1M | ||
| Q4 24 | $66.5M | $20.0M | ||
| Q3 24 | $61.3M | $23.0M | ||
| Q2 24 | $46.8M | $30.0M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | — | $246.6M | ||
| Q3 25 | $665.5M | — | ||
| Q2 25 | $675.0M | — | ||
| Q1 25 | $712.4M | — | ||
| Q4 24 | $693.9M | $190.5M | ||
| Q3 24 | $704.1M | — | ||
| Q2 24 | $573.7M | — |
| Q1 26 | — | $1.9B | ||
| Q4 25 | — | $2.1B | ||
| Q3 25 | $653.9M | $2.1B | ||
| Q2 25 | $649.4M | $2.0B | ||
| Q1 25 | $636.7M | $2.0B | ||
| Q4 24 | $640.5M | $2.0B | ||
| Q3 24 | $680.8M | $2.0B | ||
| Q2 24 | $653.3M | $1.9B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | — | $3.6B | ||
| Q3 25 | $1.8B | $3.5B | ||
| Q2 25 | $1.8B | $3.4B | ||
| Q1 25 | $1.8B | $3.4B | ||
| Q4 24 | $1.7B | $3.3B | ||
| Q3 24 | $1.8B | $3.3B | ||
| Q2 24 | $1.6B | $3.2B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | — | 0.12× | ||
| Q3 25 | 1.02× | — | ||
| Q2 25 | 1.04× | — | ||
| Q1 25 | 1.12× | — | ||
| Q4 24 | 1.08× | 0.10× | ||
| Q3 24 | 1.03× | — | ||
| Q2 24 | 0.88× | — |
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 | — |
| Free Cash FlowOCF − Capex | $32.9M | — |
| FCF MarginFCF / Revenue | 6.3% | — |
| Capex IntensityCapex / Revenue | 1.1% | 13.1% |
| Cash ConversionOCF / Net Profit | 5.95× | — |
| TTM Free Cash FlowTrailing 4 quarters | $92.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $195.4M | ||
| Q3 25 | $38.4M | $51.5M | ||
| Q2 25 | $33.3M | $170.6M | ||
| Q1 25 | $-4.8M | $192.1M | ||
| Q4 24 | $45.7M | $177.3M | ||
| Q3 24 | $-17.3M | $244.5M | ||
| Q2 24 | $21.4M | $248.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-10.0M | ||
| Q3 25 | $32.9M | $-67.2M | ||
| Q2 25 | $28.7M | $33.1M | ||
| Q1 25 | $-10.4M | $58.2M | ||
| Q4 24 | $41.1M | $-26.2M | ||
| Q3 24 | $-20.5M | $77.9M | ||
| Q2 24 | $18.0M | $112.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | -1.0% | ||
| Q3 25 | 6.3% | -7.1% | ||
| Q2 25 | 5.7% | 3.2% | ||
| Q1 25 | -2.2% | 6.0% | ||
| Q4 24 | 8.6% | -2.8% | ||
| Q3 24 | -4.4% | 6.8% | ||
| Q2 24 | 4.1% | 9.7% |
| Q1 26 | — | 13.1% | ||
| Q4 25 | — | 19.8% | ||
| Q3 25 | 1.1% | 12.5% | ||
| Q2 25 | 0.9% | 13.2% | ||
| Q1 25 | 1.2% | 13.7% | ||
| Q4 24 | 1.0% | 21.6% | ||
| Q3 24 | 0.7% | 14.6% | ||
| Q2 24 | 0.8% | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 14.28× | ||
| Q3 25 | 5.95× | 1.20× | ||
| Q2 25 | 6.66× | 2.40× | ||
| Q1 25 | -1.46× | 9.55× | ||
| Q4 24 | — | 3.42× | ||
| Q3 24 | -0.79× | 3.31× | ||
| Q2 24 | 11.28× | 2.29× |
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% |
LBRT
Segment breakdown not available.
