vs
Side-by-side financial comparison of Distribution Solutions Group, Inc. (DSGR) and UL Solutions Inc. (ULS). 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 $340.0M, roughly 1.5× UL Solutions Inc.). On growth, Distribution Solutions Group, Inc. posted the faster year-over-year revenue change (10.7% vs -12.4%). Over the past eight quarters, Distribution Solutions Group, Inc.'s revenue compounded faster (13.1% CAGR vs -31.8%).
Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.
The UL enterprise is a global private safety company headquartered in Northbrook, Illinois, composed of three organizations, UL Research Institutes, UL Standards & Engagement and UL Solutions.
DSGR vs ULS — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $518.0M | $340.0M |
| Net Profit | $6.5M | — |
| Gross Margin | 32.9% | — |
| Operating Margin | 4.6% | 24.4% |
| Net Margin | 1.2% | — |
| Revenue YoY | 10.7% | -12.4% |
| Net Profit YoY | -70.6% | — |
| 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.
| Q1 26 | — | $340.0M | ||
| Q4 25 | — | $789.0M | ||
| Q3 25 | $518.0M | $783.0M | ||
| Q2 25 | $502.4M | $776.0M | ||
| Q1 25 | $478.0M | $705.0M | ||
| Q4 24 | $480.5M | $739.0M | ||
| Q3 24 | $468.0M | $731.0M | ||
| Q2 24 | $439.5M | $730.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $67.0M | ||
| Q3 25 | $6.5M | $100.0M | ||
| Q2 25 | $5.0M | $91.0M | ||
| Q1 25 | $3.3M | $67.0M | ||
| Q4 24 | $-25.9M | $81.0M | ||
| Q3 24 | $21.9M | $88.0M | ||
| Q2 24 | $1.9M | $101.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 49.7% | ||
| Q3 25 | 32.9% | 50.3% | ||
| Q2 25 | 33.9% | 49.4% | ||
| Q1 25 | 34.3% | 48.4% | ||
| Q4 24 | 33.3% | 47.4% | ||
| Q3 24 | 33.9% | 49.0% | ||
| Q2 24 | 34.5% | 50.1% |
| Q1 26 | — | 24.4% | ||
| Q4 25 | — | 15.0% | ||
| Q3 25 | 4.6% | 19.9% | ||
| Q2 25 | 5.3% | 17.9% | ||
| Q1 25 | 4.2% | 15.5% | ||
| Q4 24 | 4.2% | 15.6% | ||
| Q3 24 | 4.0% | 17.8% | ||
| Q2 24 | 3.2% | 17.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 8.5% | ||
| Q3 25 | 1.2% | 12.8% | ||
| Q2 25 | 1.0% | 11.7% | ||
| Q1 25 | 0.7% | 9.5% | ||
| Q4 24 | -5.4% | 11.0% | ||
| Q3 24 | 4.7% | 12.0% | ||
| Q2 24 | 0.4% | 13.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | $0.33 | ||
| Q3 25 | $0.14 | $0.49 | ||
| Q2 25 | $0.11 | $0.45 | ||
| Q1 25 | $0.07 | $0.33 | ||
| Q4 24 | $-0.55 | $0.40 | ||
| Q3 24 | $0.46 | $0.44 | ||
| Q2 24 | $0.04 | $0.50 |
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 | — |
| Stockholders' EquityBook value | $653.9M | — |
| Total Assets | $1.8B | — |
| Debt / EquityLower = less leverage | 1.02× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $295.0M | ||
| Q3 25 | $69.2M | $255.0M | ||
| Q2 25 | $47.4M | $272.0M | ||
| Q1 25 | $65.4M | $267.0M | ||
| Q4 24 | $66.5M | $298.0M | ||
| Q3 24 | $61.3M | $327.0M | ||
| Q2 24 | $46.8M | $295.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $491.0M | ||
| Q3 25 | $665.5M | $544.0M | ||
| Q2 25 | $675.0M | $608.0M | ||
| Q1 25 | $712.4M | $653.0M | ||
| Q4 24 | $693.9M | $742.0M | ||
| Q3 24 | $704.1M | $797.0M | ||
| Q2 24 | $573.7M | $810.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | $653.9M | $1.2B | ||
| Q2 25 | $649.4M | $1.1B | ||
| Q1 25 | $636.7M | $970.0M | ||
| Q4 24 | $640.5M | $904.0M | ||
| Q3 24 | $680.8M | $872.0M | ||
| Q2 24 | $653.3M | $769.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | $1.8B | $2.9B | ||
| Q2 25 | $1.8B | $2.9B | ||
| Q1 25 | $1.8B | $2.9B | ||
| Q4 24 | $1.7B | $2.8B | ||
| Q3 24 | $1.8B | $2.9B | ||
| Q2 24 | $1.6B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.39× | ||
| Q3 25 | 1.02× | 0.46× | ||
| Q2 25 | 1.04× | 0.56× | ||
| Q1 25 | 1.12× | 0.67× | ||
| Q4 24 | 1.08× | 0.82× | ||
| Q3 24 | 1.03× | 0.91× | ||
| Q2 24 | 0.88× | 1.05× |
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% | — |
| 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 | — | $144.0M | ||
| Q3 25 | $38.4M | $155.0M | ||
| Q2 25 | $33.3M | $147.0M | ||
| Q1 25 | $-4.8M | $154.0M | ||
| Q4 24 | $45.7M | $130.0M | ||
| Q3 24 | $-17.3M | $150.0M | ||
| Q2 24 | $21.4M | $103.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $86.0M | ||
| Q3 25 | $32.9M | $109.0M | ||
| Q2 25 | $28.7M | $105.0M | ||
| Q1 25 | $-10.4M | $103.0M | ||
| Q4 24 | $41.1M | $72.0M | ||
| Q3 24 | $-20.5M | $84.0M | ||
| Q2 24 | $18.0M | $47.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 10.9% | ||
| Q3 25 | 6.3% | 13.9% | ||
| Q2 25 | 5.7% | 13.5% | ||
| Q1 25 | -2.2% | 14.6% | ||
| Q4 24 | 8.6% | 9.7% | ||
| Q3 24 | -4.4% | 11.5% | ||
| Q2 24 | 4.1% | 6.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 7.4% | ||
| Q3 25 | 1.1% | 5.9% | ||
| Q2 25 | 0.9% | 5.4% | ||
| Q1 25 | 1.2% | 7.2% | ||
| Q4 24 | 1.0% | 7.8% | ||
| Q3 24 | 0.7% | 9.0% | ||
| Q2 24 | 0.8% | 7.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.15× | ||
| Q3 25 | 5.95× | 1.55× | ||
| Q2 25 | 6.66× | 1.62× | ||
| Q1 25 | -1.46× | 2.30× | ||
| Q4 24 | — | 1.60× | ||
| Q3 24 | -0.79× | 1.70× | ||
| Q2 24 | 11.28× | 1.02× |
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% |
ULS
Segment breakdown not available.
