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Side-by-side financial comparison of Distribution Solutions Group, Inc. (DSGR) and LifeStance Health Group, Inc. (LFST). 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 $382.2M, roughly 1.4× LifeStance Health Group, Inc.). LifeStance Health Group, Inc. runs the higher net margin — 3.1% vs 1.2%, a 1.8% gap on every dollar of revenue. On growth, LifeStance Health Group, Inc. posted the faster year-over-year revenue change (17.4% vs 10.7%). LifeStance Health Group, Inc. produced more free cash flow last quarter ($46.6M vs $32.9M). Over the past eight quarters, Distribution Solutions Group, Inc.'s revenue compounded faster (13.1% CAGR vs 12.8%).
Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.
Lifestance Health (Lifestance) is an American outpatient behavioral health services provider. They provide their services in person and via tele-health. Their services include therapy, psychiatry, TMS, and ketamine therapies. They have landed in lawsuits multiple times over labor violations, leaking of customer information, and misleading investors.
DSGR vs LFST — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $518.0M | $382.2M |
| Net Profit | $6.5M | $11.7M |
| Gross Margin | 32.9% | — |
| Operating Margin | 4.6% | 4.7% |
| Net Margin | 1.2% | 3.1% |
| Revenue YoY | 10.7% | 17.4% |
| Net Profit YoY | -70.6% | 264.1% |
| EPS (diluted) | $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.
| Q4 25 | — | $382.2M | ||
| Q3 25 | $518.0M | $363.8M | ||
| Q2 25 | $502.4M | $345.3M | ||
| Q1 25 | $478.0M | $333.0M | ||
| Q4 24 | $480.5M | $325.5M | ||
| Q3 24 | $468.0M | $312.7M | ||
| Q2 24 | $439.5M | $312.3M | ||
| Q1 24 | $416.1M | $300.4M |
| Q4 25 | — | $11.7M | ||
| Q3 25 | $6.5M | $1.1M | ||
| Q2 25 | $5.0M | $-3.8M | ||
| Q1 25 | $3.3M | $709.0K | ||
| Q4 24 | $-25.9M | $-7.1M | ||
| Q3 24 | $21.9M | $-6.0M | ||
| Q2 24 | $1.9M | $-23.3M | ||
| Q1 24 | $-5.2M | $-21.1M |
| 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% | — |
| Q4 25 | — | 4.7% | ||
| Q3 25 | 4.6% | 2.0% | ||
| Q2 25 | 5.3% | -0.9% | ||
| Q1 25 | 4.2% | 0.5% | ||
| Q4 24 | 4.2% | 0.3% | ||
| Q3 24 | 4.0% | 0.0% | ||
| Q2 24 | 3.2% | -5.1% | ||
| Q1 24 | 0.7% | -5.6% |
| Q4 25 | — | 3.1% | ||
| Q3 25 | 1.2% | 0.3% | ||
| Q2 25 | 1.0% | -1.1% | ||
| Q1 25 | 0.7% | 0.2% | ||
| Q4 24 | -5.4% | -2.2% | ||
| Q3 24 | 4.7% | -1.9% | ||
| Q2 24 | 0.4% | -7.5% | ||
| Q1 24 | -1.3% | -7.0% |
| Q4 25 | — | — | ||
| Q3 25 | $0.14 | — | ||
| Q2 25 | $0.11 | — | ||
| Q1 25 | $0.07 | — | ||
| Q4 24 | $-0.55 | — | ||
| Q3 24 | $0.46 | — | ||
| Q2 24 | $0.04 | — | ||
| Q1 24 | $-0.11 | — |
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 | $248.6M |
| Total DebtLower is stronger | $665.5M | $282.8M |
| Stockholders' EquityBook value | $653.9M | $1.5B |
| Total Assets | $1.8B | $2.2B |
| Debt / EquityLower = less leverage | 1.02× | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $248.6M | ||
| Q3 25 | $69.2M | $203.9M | ||
| Q2 25 | $47.4M | $188.9M | ||
| Q1 25 | $65.4M | $134.3M | ||
| Q4 24 | $66.5M | $154.6M | ||
| Q3 24 | $61.3M | $102.6M | ||
| Q2 24 | $46.8M | $87.0M | ||
| Q1 24 | $73.1M | $49.5M |
| Q4 25 | — | $282.8M | ||
| Q3 25 | $665.5M | $284.6M | ||
| Q2 25 | $675.0M | $286.4M | ||
| Q1 25 | $712.4M | $288.2M | ||
| Q4 24 | $693.9M | $290.0M | ||
| Q3 24 | $704.1M | $287.3M | ||
| Q2 24 | $573.7M | $288.0M | ||
| Q1 24 | $535.7M | $288.8M |
| Q4 25 | — | $1.5B | ||
| Q3 25 | $653.9M | $1.5B | ||
| Q2 25 | $649.4M | $1.5B | ||
| Q1 25 | $636.7M | $1.5B | ||
| Q4 24 | $640.5M | $1.4B | ||
| Q3 24 | $680.8M | $1.4B | ||
| Q2 24 | $653.3M | $1.4B | ||
| Q1 24 | $654.7M | $1.4B |
| Q4 25 | — | $2.2B | ||
| Q3 25 | $1.8B | $2.1B | ||
| Q2 25 | $1.8B | $2.1B | ||
| Q1 25 | $1.8B | $2.1B | ||
| Q4 24 | $1.7B | $2.1B | ||
| Q3 24 | $1.8B | $2.1B | ||
| Q2 24 | $1.6B | $2.1B | ||
| Q1 24 | $1.5B | $2.1B |
| Q4 25 | — | 0.19× | ||
| Q3 25 | 1.02× | 0.19× | ||
| Q2 25 | 1.04× | 0.19× | ||
| Q1 25 | 1.12× | 0.20× | ||
| Q4 24 | 1.08× | 0.20× | ||
| Q3 24 | 1.03× | 0.20× | ||
| Q2 24 | 0.88× | 0.20× | ||
| Q1 24 | 0.82× | 0.20× |
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 | $57.6M |
| Free Cash FlowOCF − Capex | $32.9M | $46.6M |
| FCF MarginFCF / Revenue | 6.3% | 12.2% |
| Capex IntensityCapex / Revenue | 1.1% | 2.9% |
| Cash ConversionOCF / Net Profit | 5.95× | 4.93× |
| TTM Free Cash FlowTrailing 4 quarters | $92.2M | $110.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $57.6M | ||
| Q3 25 | $38.4M | $27.3M | ||
| Q2 25 | $33.3M | $64.4M | ||
| Q1 25 | $-4.8M | $-3.1M | ||
| Q4 24 | $45.7M | $62.3M | ||
| Q3 24 | $-17.3M | $22.7M | ||
| Q2 24 | $21.4M | $44.1M | ||
| Q1 24 | $6.6M | $-21.8M |
| Q4 25 | — | $46.6M | ||
| Q3 25 | $32.9M | $17.0M | ||
| Q2 25 | $28.7M | $56.6M | ||
| Q1 25 | $-10.4M | $-10.3M | ||
| Q4 24 | $41.1M | $56.0M | ||
| Q3 24 | $-20.5M | $17.7M | ||
| Q2 24 | $18.0M | $39.0M | ||
| Q1 24 | $4.2M | $-26.9M |
| Q4 25 | — | 12.2% | ||
| Q3 25 | 6.3% | 4.7% | ||
| Q2 25 | 5.7% | 16.4% | ||
| Q1 25 | -2.2% | -3.1% | ||
| Q4 24 | 8.6% | 17.2% | ||
| Q3 24 | -4.4% | 5.7% | ||
| Q2 24 | 4.1% | 12.5% | ||
| Q1 24 | 1.0% | -9.0% |
| Q4 25 | — | 2.9% | ||
| Q3 25 | 1.1% | 2.8% | ||
| Q2 25 | 0.9% | 2.2% | ||
| Q1 25 | 1.2% | 2.2% | ||
| Q4 24 | 1.0% | 1.9% | ||
| Q3 24 | 0.7% | 1.6% | ||
| Q2 24 | 0.8% | 1.6% | ||
| Q1 24 | 0.6% | 1.7% |
| Q4 25 | — | 4.93× | ||
| Q3 25 | 5.95× | 25.34× | ||
| Q2 25 | 6.66× | — | ||
| Q1 25 | -1.46× | -4.36× | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.79× | — | ||
| Q2 24 | 11.28× | — | ||
| Q1 24 | — | — |
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% |
LFST
Segment breakdown not available.
