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Side-by-side financial comparison of Distribution Solutions Group, Inc. (DSGR) and OCEANEERING INTERNATIONAL INC (OII). Click either name above to swap in a different company.
OCEANEERING INTERNATIONAL INC is the larger business by last-quarter revenue ($692.4M vs $518.0M, roughly 1.3× Distribution Solutions Group, Inc.). OCEANEERING INTERNATIONAL INC runs the higher net margin — 5.2% vs 1.2%, a 4.0% gap on every dollar of revenue. On growth, Distribution Solutions Group, Inc. posted the faster year-over-year revenue change (10.7% vs 3.6%). Distribution Solutions Group, Inc. produced more free cash flow last quarter ($32.9M vs $-76.5M). Over the past eight quarters, Distribution Solutions Group, Inc.'s revenue compounded faster (13.1% CAGR vs 1.8%).
Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.
Oceaneering International, Inc. is a subsea engineering and applied technology company based in Houston, Texas, U.S. that provides engineered services and hardware to customers who operate in marine, space, and other environments.
DSGR vs OII — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $518.0M | $692.4M |
| Net Profit | $6.5M | $36.1M |
| Gross Margin | 32.9% | — |
| Operating Margin | 4.6% | — |
| Net Margin | 1.2% | 5.2% |
| Revenue YoY | 10.7% | 3.6% |
| Net Profit YoY | -70.6% | -28.3% |
| EPS (diluted) | $0.14 | $0.36 |
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 | — | $692.4M | ||
| Q4 25 | — | $668.6M | ||
| Q3 25 | $518.0M | $742.9M | ||
| Q2 25 | $502.4M | $698.2M | ||
| Q1 25 | $478.0M | $674.5M | ||
| Q4 24 | $480.5M | $713.5M | ||
| Q3 24 | $468.0M | $679.8M | ||
| Q2 24 | $439.5M | $668.8M |
| Q1 26 | — | $36.1M | ||
| Q4 25 | — | $177.7M | ||
| Q3 25 | $6.5M | $71.3M | ||
| Q2 25 | $5.0M | $54.4M | ||
| Q1 25 | $3.3M | $50.4M | ||
| Q4 24 | $-25.9M | $56.1M | ||
| Q3 24 | $21.9M | $41.2M | ||
| Q2 24 | $1.9M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.8% | ||
| Q3 25 | 32.9% | 20.6% | ||
| Q2 25 | 33.9% | 21.3% | ||
| Q1 25 | 34.3% | 20.0% | ||
| Q4 24 | 33.3% | 19.9% | ||
| Q3 24 | 33.9% | 19.3% | ||
| Q2 24 | 34.5% | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.8% | ||
| Q3 25 | 4.6% | 11.6% | ||
| Q2 25 | 5.3% | 11.3% | ||
| Q1 25 | 4.2% | 10.9% | ||
| Q4 24 | 4.2% | 10.9% | ||
| Q3 24 | 4.0% | 10.5% | ||
| Q2 24 | 3.2% | 9.0% |
| Q1 26 | — | 5.2% | ||
| Q4 25 | — | 26.6% | ||
| Q3 25 | 1.2% | 9.6% | ||
| Q2 25 | 1.0% | 7.8% | ||
| Q1 25 | 0.7% | 7.5% | ||
| Q4 24 | -5.4% | 7.9% | ||
| Q3 24 | 4.7% | 6.1% | ||
| Q2 24 | 0.4% | 5.2% |
| Q1 26 | — | $0.36 | ||
| Q4 25 | — | $1.75 | ||
| Q3 25 | $0.14 | $0.71 | ||
| Q2 25 | $0.11 | $0.54 | ||
| Q1 25 | $0.07 | $0.49 | ||
| Q4 24 | $-0.55 | $0.55 | ||
| Q3 24 | $0.46 | $0.40 | ||
| Q2 24 | $0.04 | $0.34 |
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 | — |
| Total DebtLower is stronger | $665.5M | $488.8M |
| Stockholders' EquityBook value | $653.9M | $1.1B |
| Total Assets | $1.8B | $2.6B |
| Debt / EquityLower = less leverage | 1.02× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $695.9M | ||
| Q3 25 | $69.2M | $7.0M | ||
| Q2 25 | $47.4M | $7.0M | ||
| Q1 25 | $65.4M | $7.0M | ||
| Q4 24 | $66.5M | $504.5M | ||
| Q3 24 | $61.3M | — | ||
| Q2 24 | $46.8M | — |
| Q1 26 | — | $488.8M | ||
| Q4 25 | — | $487.4M | ||
| Q3 25 | $665.5M | — | ||
| Q2 25 | $675.0M | — | ||
| Q1 25 | $712.4M | — | ||
| Q4 24 | $693.9M | $482.0M | ||
| Q3 24 | $704.1M | — | ||
| Q2 24 | $573.7M | — |
| Q1 26 | — | $1.1B | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | $653.9M | $907.7M | ||
| Q2 25 | $649.4M | $842.1M | ||
| Q1 25 | $636.7M | $773.1M | ||
| Q4 24 | $640.5M | $714.3M | ||
| Q3 24 | $680.8M | $698.0M | ||
| Q2 24 | $653.3M | $651.0M |
| Q1 26 | — | $2.6B | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | $1.8B | $2.5B | ||
| Q2 25 | $1.8B | $2.3B | ||
| Q1 25 | $1.8B | $2.3B | ||
| Q4 24 | $1.7B | $2.3B | ||
| Q3 24 | $1.8B | $2.4B | ||
| Q2 24 | $1.6B | $2.3B |
| Q1 26 | — | 0.44× | ||
| Q4 25 | — | 0.46× | ||
| Q3 25 | 1.02× | — | ||
| Q2 25 | 1.04× | — | ||
| Q1 25 | 1.12× | — | ||
| Q4 24 | 1.08× | 0.67× | ||
| 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 | $-76.5M |
| FCF MarginFCF / Revenue | 6.3% | -11.1% |
| Capex IntensityCapex / Revenue | 1.1% | 2.5% |
| Cash ConversionOCF / Net Profit | 5.95× | — |
| TTM Free Cash FlowTrailing 4 quarters | $92.2M | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $221.1M | ||
| Q3 25 | $38.4M | $101.3M | ||
| Q2 25 | $33.3M | $77.2M | ||
| Q1 25 | $-4.8M | $-80.7M | ||
| Q4 24 | $45.7M | $128.4M | ||
| Q3 24 | $-17.3M | $91.9M | ||
| Q2 24 | $21.4M | $52.6M |
| Q1 26 | — | $-76.5M | ||
| Q4 25 | — | $190.7M | ||
| Q3 25 | $32.9M | $77.0M | ||
| Q2 25 | $28.7M | $46.9M | ||
| Q1 25 | $-10.4M | $-106.8M | ||
| Q4 24 | $41.1M | $94.5M | ||
| Q3 24 | $-20.5M | $67.0M | ||
| Q2 24 | $18.0M | $29.8M |
| Q1 26 | — | -11.1% | ||
| Q4 25 | — | 28.5% | ||
| Q3 25 | 6.3% | 10.4% | ||
| Q2 25 | 5.7% | 6.7% | ||
| Q1 25 | -2.2% | -15.8% | ||
| Q4 24 | 8.6% | 13.2% | ||
| Q3 24 | -4.4% | 9.9% | ||
| Q2 24 | 4.1% | 4.5% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | 1.1% | 3.3% | ||
| Q2 25 | 0.9% | 4.3% | ||
| Q1 25 | 1.2% | 3.9% | ||
| Q4 24 | 1.0% | 4.7% | ||
| Q3 24 | 0.7% | 3.7% | ||
| Q2 24 | 0.8% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.24× | ||
| Q3 25 | 5.95× | 1.42× | ||
| Q2 25 | 6.66× | 1.42× | ||
| Q1 25 | -1.46× | -1.60× | ||
| Q4 24 | — | 2.29× | ||
| Q3 24 | -0.79× | 2.23× | ||
| Q2 24 | 11.28× | 1.50× |
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% |
OII
Segment breakdown not available.
