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

MUELLER INDUSTRIES INC is the larger business by last-quarter revenue ($962.4M vs $518.0M, roughly 1.9× Distribution Solutions Group, Inc.). MUELLER INDUSTRIES INC runs the higher net margin — 16.0% vs 1.2%, a 14.7% gap on every dollar of revenue. On growth, Distribution Solutions Group, Inc. posted the faster year-over-year revenue change (10.7% vs 4.2%). MUELLER INDUSTRIES INC produced more free cash flow last quarter ($121.4M vs $32.9M). Over the past eight quarters, Distribution Solutions Group, Inc.'s revenue compounded faster (13.1% CAGR vs 6.4%).

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

Mueller Industries is an American manufacturing company that specializes in piping, industrial metals and climate machinery. It was founded in 1917 and is included on the Fortune 1000 list in 2022. The head office of the company is located in Memphis, Tennessee. Mueller Industries, Inc. is a multi-billion dollar revenue company that is publicly traded.

DSGR vs MLI — Head-to-Head

Bigger by revenue
MLI
MLI
1.9× larger
MLI
$962.4M
$518.0M
DSGR
Growing faster (revenue YoY)
DSGR
DSGR
+6.5% gap
DSGR
10.7%
4.2%
MLI
Higher net margin
MLI
MLI
14.7% more per $
MLI
16.0%
1.2%
DSGR
More free cash flow
MLI
MLI
$88.5M more FCF
MLI
$121.4M
$32.9M
DSGR
Faster 2-yr revenue CAGR
DSGR
DSGR
Annualised
DSGR
13.1%
6.4%
MLI

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DSGR
DSGR
MLI
MLI
Revenue
$518.0M
$962.4M
Net Profit
$6.5M
$153.7M
Gross Margin
32.9%
Operating Margin
4.6%
17.9%
Net Margin
1.2%
16.0%
Revenue YoY
10.7%
4.2%
Net Profit YoY
-70.6%
11.7%
EPS (diluted)
$0.14
$1.37

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
MLI
MLI
Q4 25
$962.4M
Q3 25
$518.0M
$1.1B
Q2 25
$502.4M
$1.1B
Q1 25
$478.0M
$1.0B
Q4 24
$480.5M
$923.5M
Q3 24
$468.0M
$997.8M
Q2 24
$439.5M
$997.7M
Q1 24
$416.1M
$849.7M
Net Profit
DSGR
DSGR
MLI
MLI
Q4 25
$153.7M
Q3 25
$6.5M
$208.1M
Q2 25
$5.0M
$245.9M
Q1 25
$3.3M
$157.4M
Q4 24
$-25.9M
$137.7M
Q3 24
$21.9M
$168.7M
Q2 24
$1.9M
$160.2M
Q1 24
$-5.2M
$138.4M
Gross Margin
DSGR
DSGR
MLI
MLI
Q4 25
Q3 25
32.9%
Q2 25
33.9%
Q1 25
34.3%
Q4 24
33.3%
Q3 24
33.9%
27.6%
Q2 24
34.5%
27.3%
Q1 24
34.5%
28.4%
Operating Margin
DSGR
DSGR
MLI
MLI
Q4 25
17.9%
Q3 25
4.6%
25.6%
Q2 25
5.3%
26.7%
Q1 25
4.2%
20.6%
Q4 24
4.2%
18.4%
Q3 24
4.0%
20.7%
Q2 24
3.2%
21.0%
Q1 24
0.7%
21.6%
Net Margin
DSGR
DSGR
MLI
MLI
Q4 25
16.0%
Q3 25
1.2%
19.3%
Q2 25
1.0%
21.6%
Q1 25
0.7%
15.7%
Q4 24
-5.4%
14.9%
Q3 24
4.7%
16.9%
Q2 24
0.4%
16.1%
Q1 24
-1.3%
16.3%
EPS (diluted)
DSGR
DSGR
MLI
MLI
Q4 25
$1.37
Q3 25
$0.14
$1.88
Q2 25
$0.11
$2.22
Q1 25
$0.07
$1.39
Q4 24
$-0.55
$1.21
Q3 24
$0.46
$1.48
Q2 24
$0.04
$1.41
Q1 24
$-0.11
$1.21

Balance Sheet & Financial Strength

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

Metric
DSGR
DSGR
MLI
MLI
Cash + ST InvestmentsLiquidity on hand
$69.2M
$1.4B
Total DebtLower is stronger
$665.5M
Stockholders' EquityBook value
$653.9M
$3.2B
Total Assets
$1.8B
$3.7B
Debt / EquityLower = less leverage
1.02×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DSGR
DSGR
MLI
MLI
Q4 25
$1.4B
Q3 25
$69.2M
$1.3B
Q2 25
$47.4M
$1.1B
Q1 25
$65.4M
$873.6M
Q4 24
$66.5M
$1.1B
Q3 24
$61.3M
$969.6M
Q2 24
$46.8M
$825.7M
Q1 24
$73.1M
$1.4B
Total Debt
DSGR
DSGR
MLI
MLI
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
Stockholders' Equity
DSGR
DSGR
MLI
MLI
Q4 25
$3.2B
Q3 25
$653.9M
$3.1B
Q2 25
$649.4M
$2.9B
Q1 25
$636.7M
$2.7B
Q4 24
$640.5M
$2.8B
Q3 24
$680.8M
$2.7B
Q2 24
$653.3M
$2.5B
Q1 24
$654.7M
$2.4B
Total Assets
DSGR
DSGR
MLI
MLI
Q4 25
$3.7B
Q3 25
$1.8B
$3.7B
Q2 25
$1.8B
$3.5B
Q1 25
$1.8B
$3.2B
Q4 24
$1.7B
$3.3B
Q3 24
$1.8B
$3.2B
Q2 24
$1.6B
$3.1B
Q1 24
$1.5B
$2.9B
Debt / Equity
DSGR
DSGR
MLI
MLI
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
DSGR
DSGR
MLI
MLI
Operating Cash FlowLast quarter
$38.4M
$141.2M
Free Cash FlowOCF − Capex
$32.9M
$121.4M
FCF MarginFCF / Revenue
6.3%
12.6%
Capex IntensityCapex / Revenue
1.1%
2.1%
Cash ConversionOCF / Net Profit
5.95×
0.92×
TTM Free Cash FlowTrailing 4 quarters
$92.2M
$686.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DSGR
DSGR
MLI
MLI
Q4 25
$141.2M
Q3 25
$38.4M
$310.1M
Q2 25
$33.3M
$190.6M
Q1 25
$-4.8M
$113.6M
Q4 24
$45.7M
$140.1M
Q3 24
$-17.3M
$231.4M
Q2 24
$21.4M
$100.8M
Q1 24
$6.6M
$173.6M
Free Cash Flow
DSGR
DSGR
MLI
MLI
Q4 25
$121.4M
Q3 25
$32.9M
$291.8M
Q2 25
$28.7M
$176.5M
Q1 25
$-10.4M
$97.0M
Q4 24
$41.1M
$111.2M
Q3 24
$-20.5M
$205.7M
Q2 24
$18.0M
$91.6M
Q1 24
$4.2M
$157.2M
FCF Margin
DSGR
DSGR
MLI
MLI
Q4 25
12.6%
Q3 25
6.3%
27.1%
Q2 25
5.7%
15.5%
Q1 25
-2.2%
9.7%
Q4 24
8.6%
12.0%
Q3 24
-4.4%
20.6%
Q2 24
4.1%
9.2%
Q1 24
1.0%
18.5%
Capex Intensity
DSGR
DSGR
MLI
MLI
Q4 25
2.1%
Q3 25
1.1%
1.7%
Q2 25
0.9%
1.2%
Q1 25
1.2%
1.7%
Q4 24
1.0%
3.1%
Q3 24
0.7%
2.6%
Q2 24
0.8%
0.9%
Q1 24
0.6%
1.9%
Cash Conversion
DSGR
DSGR
MLI
MLI
Q4 25
0.92×
Q3 25
5.95×
1.49×
Q2 25
6.66×
0.78×
Q1 25
-1.46×
0.72×
Q4 24
1.02×
Q3 24
-0.79×
1.37×
Q2 24
11.28×
0.63×
Q1 24
1.25×

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%

MLI
MLI

Tube And Fittings$484.6M50%
Industrial Metals$252.2M26%
Valves And Plumbing Specialties$122.5M13%
Flex Duct And Other HVAC Components$80.8M8%
Other Products$14.9M2%

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