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Side-by-side financial comparison of Distribution Solutions Group, Inc. (DSGR) and PATRICK INDUSTRIES INC (PATK). Click either name above to swap in a different company.
PATRICK INDUSTRIES INC is the larger business by last-quarter revenue ($924.2M vs $518.0M, roughly 1.8× Distribution Solutions Group, Inc.). PATRICK INDUSTRIES INC runs the higher net margin — 3.1% vs 1.2%, a 1.9% gap on every dollar of revenue. On growth, Distribution Solutions Group, Inc. posted the faster year-over-year revenue change (10.7% vs 9.2%). PATRICK INDUSTRIES INC produced more free cash flow last quarter ($112.7M vs $32.9M). Over the past eight quarters, Distribution Solutions Group, Inc.'s revenue compounded faster (13.1% CAGR vs -0.5%).
Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.
Anduril Industries, Inc. is an American defense technology company specializing in the development of advanced autonomous systems.
DSGR vs PATK — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $518.0M | $924.2M |
| Net Profit | $6.5M | $29.1M |
| Gross Margin | 32.9% | 23.0% |
| Operating Margin | 4.6% | 6.2% |
| Net Margin | 1.2% | 3.1% |
| Revenue YoY | 10.7% | 9.2% |
| Net Profit YoY | -70.6% | 99.7% |
| EPS (diluted) | $0.14 | $0.82 |
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 | — | $924.2M | ||
| Q3 25 | $518.0M | $975.6M | ||
| Q2 25 | $502.4M | $1.0B | ||
| Q1 25 | $478.0M | $1.0B | ||
| Q4 24 | $480.5M | $846.1M | ||
| Q3 24 | $468.0M | $919.4M | ||
| Q2 24 | $439.5M | $1.0B | ||
| Q1 24 | $416.1M | $933.5M |
| Q4 25 | — | $29.1M | ||
| Q3 25 | $6.5M | $35.3M | ||
| Q2 25 | $5.0M | $32.4M | ||
| Q1 25 | $3.3M | $38.2M | ||
| Q4 24 | $-25.9M | $14.6M | ||
| Q3 24 | $21.9M | $40.9M | ||
| Q2 24 | $1.9M | $47.9M | ||
| Q1 24 | $-5.2M | $35.1M |
| Q4 25 | — | 23.0% | ||
| Q3 25 | 32.9% | 22.6% | ||
| Q2 25 | 33.9% | 23.9% | ||
| Q1 25 | 34.3% | 22.8% | ||
| Q4 24 | 33.3% | 22.1% | ||
| Q3 24 | 33.9% | 23.1% | ||
| Q2 24 | 34.5% | 22.8% | ||
| Q1 24 | 34.5% | 21.9% |
| Q4 25 | — | 6.2% | ||
| Q3 25 | 4.6% | 6.8% | ||
| Q2 25 | 5.3% | 8.3% | ||
| Q1 25 | 4.2% | 6.5% | ||
| Q4 24 | 4.2% | 4.7% | ||
| Q3 24 | 4.0% | 8.1% | ||
| Q2 24 | 3.2% | 8.3% | ||
| Q1 24 | 0.7% | 6.4% |
| Q4 25 | — | 3.1% | ||
| Q3 25 | 1.2% | 3.6% | ||
| Q2 25 | 1.0% | 3.1% | ||
| Q1 25 | 0.7% | 3.8% | ||
| Q4 24 | -5.4% | 1.7% | ||
| Q3 24 | 4.7% | 4.4% | ||
| Q2 24 | 0.4% | 4.7% | ||
| Q1 24 | -1.3% | 3.8% |
| Q4 25 | — | $0.82 | ||
| Q3 25 | $0.14 | $1.01 | ||
| Q2 25 | $0.11 | $0.96 | ||
| Q1 25 | $0.07 | $1.11 | ||
| Q4 24 | $-0.55 | $-1.44 | ||
| Q3 24 | $0.46 | $1.80 | ||
| Q2 24 | $0.04 | $2.16 | ||
| Q1 24 | $-0.11 | $1.59 |
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 | $26.4M |
| Total DebtLower is stronger | $665.5M | $1.3B |
| Stockholders' EquityBook value | $653.9M | $1.2B |
| Total Assets | $1.8B | $3.1B |
| Debt / EquityLower = less leverage | 1.02× | 1.10× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $26.4M | ||
| Q3 25 | $69.2M | $20.7M | ||
| Q2 25 | $47.4M | $22.0M | ||
| Q1 25 | $65.4M | $86.6M | ||
| Q4 24 | $66.5M | $33.6M | ||
| Q3 24 | $61.3M | $52.6M | ||
| Q2 24 | $46.8M | $44.0M | ||
| Q1 24 | $73.1M | $17.6M |
| Q4 25 | — | $1.3B | ||
| Q3 25 | $665.5M | — | ||
| Q2 25 | $675.0M | — | ||
| Q1 25 | $712.4M | — | ||
| Q4 24 | $693.9M | $1.3B | ||
| Q3 24 | $704.1M | — | ||
| Q2 24 | $573.7M | — | ||
| Q1 24 | $535.7M | — |
| Q4 25 | — | $1.2B | ||
| Q3 25 | $653.9M | $1.2B | ||
| Q2 25 | $649.4M | $1.1B | ||
| Q1 25 | $636.7M | $1.1B | ||
| Q4 24 | $640.5M | $1.1B | ||
| Q3 24 | $680.8M | $1.1B | ||
| Q2 24 | $653.3M | $1.1B | ||
| Q1 24 | $654.7M | $1.1B |
| Q4 25 | — | $3.1B | ||
| Q3 25 | $1.8B | $3.1B | ||
| Q2 25 | $1.8B | $3.1B | ||
| Q1 25 | $1.8B | $3.2B | ||
| Q4 24 | $1.7B | $3.0B | ||
| Q3 24 | $1.8B | $3.1B | ||
| Q2 24 | $1.6B | $3.0B | ||
| Q1 24 | $1.5B | $3.0B |
| Q4 25 | — | 1.10× | ||
| Q3 25 | 1.02× | — | ||
| Q2 25 | 1.04× | — | ||
| Q1 25 | 1.12× | — | ||
| Q4 24 | 1.08× | 1.18× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $38.4M | $130.8M |
| Free Cash FlowOCF − Capex | $32.9M | $112.7M |
| FCF MarginFCF / Revenue | 6.3% | 12.2% |
| Capex IntensityCapex / Revenue | 1.1% | 2.0% |
| Cash ConversionOCF / Net Profit | 5.95× | 4.50× |
| TTM Free Cash FlowTrailing 4 quarters | $92.2M | $246.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $130.8M | ||
| Q3 25 | $38.4M | $9.1M | ||
| Q2 25 | $33.3M | $149.4M | ||
| Q1 25 | $-4.8M | $40.1M | ||
| Q4 24 | $45.7M | $102.7M | ||
| Q3 24 | $-17.3M | $51.5M | ||
| Q2 24 | $21.4M | $137.5M | ||
| Q1 24 | $6.6M | $35.2M |
| Q4 25 | — | $112.7M | ||
| Q3 25 | $32.9M | $-17.2M | ||
| Q2 25 | $28.7M | $131.1M | ||
| Q1 25 | $-10.4M | $19.9M | ||
| Q4 24 | $41.1M | $77.2M | ||
| Q3 24 | $-20.5M | $33.7M | ||
| Q2 24 | $18.0M | $120.6M | ||
| Q1 24 | $4.2M | $19.7M |
| Q4 25 | — | 12.2% | ||
| Q3 25 | 6.3% | -1.8% | ||
| Q2 25 | 5.7% | 12.5% | ||
| Q1 25 | -2.2% | 2.0% | ||
| Q4 24 | 8.6% | 9.1% | ||
| Q3 24 | -4.4% | 3.7% | ||
| Q2 24 | 4.1% | 11.9% | ||
| Q1 24 | 1.0% | 2.1% |
| Q4 25 | — | 2.0% | ||
| Q3 25 | 1.1% | 2.7% | ||
| Q2 25 | 0.9% | 1.7% | ||
| Q1 25 | 1.2% | 2.0% | ||
| Q4 24 | 1.0% | 3.0% | ||
| Q3 24 | 0.7% | 1.9% | ||
| Q2 24 | 0.8% | 1.7% | ||
| Q1 24 | 0.6% | 1.7% |
| Q4 25 | — | 4.50× | ||
| Q3 25 | 5.95× | 0.26× | ||
| Q2 25 | 6.66× | 4.61× | ||
| Q1 25 | -1.46× | 1.05× | ||
| Q4 24 | — | 7.05× | ||
| Q3 24 | -0.79× | 1.26× | ||
| Q2 24 | 11.28× | 2.87× | ||
| Q1 24 | — | 1.00× |
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% |
PATK
| Recreational Vehicle | $276.3M | 30% |
| Distribution | $222.4M | 24% |
| Marine | $141.9M | 15% |
| Industrial | $110.8M | 12% |
| Powersports | $104.8M | 11% |
| Manufactured Housing | $67.9M | 7% |
