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Side-by-side financial comparison of Distribution Solutions Group, Inc. (DSGR) and VinFast Auto Ltd. (VFS). Click either name above to swap in a different company.
VinFast Auto Ltd. is the larger business by last-quarter revenue ($718.6M vs $518.0M, roughly 1.4× Distribution Solutions Group, Inc.). Distribution Solutions Group, Inc. runs the higher net margin — 1.2% vs -2.8%, a 4.0% gap on every dollar of revenue.
Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.
VinFast Auto Ltd. is a Vietnamese multinational automotive company founded by Vingroup, one of the largest private conglomerates in Vietnam that was founded by Phạm Nhật Vượng.
DSGR vs VFS — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $518.0M | $718.6M |
| Net Profit | $6.5M | $-20.0M |
| Gross Margin | 32.9% | — |
| Operating Margin | 4.6% | -96.1% |
| Net Margin | 1.2% | -2.8% |
| Revenue YoY | 10.7% | — |
| 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.
| Q3 25 | $518.0M | $718.6M | ||
| Q2 25 | $502.4M | $663.0M | ||
| Q1 25 | $478.0M | $656.5M | ||
| Q4 24 | $480.5M | — | ||
| Q3 24 | $468.0M | $511.6M | ||
| Q2 24 | $439.5M | — | ||
| Q1 24 | $416.1M | $302.6M | ||
| Q4 23 | $405.2M | — |
| Q3 25 | $6.5M | $-20.0M | ||
| Q2 25 | $5.0M | $-51.8M | ||
| Q1 25 | $3.3M | $-26.1M | ||
| Q4 24 | $-25.9M | — | ||
| Q3 24 | $21.9M | $-10.4M | ||
| Q2 24 | $1.9M | — | ||
| Q1 24 | $-5.2M | $-618.3M | ||
| Q4 23 | $-16.3M | — |
| 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 23 | 34.0% | — |
| Q3 25 | 4.6% | -96.1% | ||
| Q2 25 | 5.3% | -79.0% | ||
| Q1 25 | 4.2% | -74.0% | ||
| Q4 24 | 4.2% | — | ||
| Q3 24 | 4.0% | -65.9% | ||
| Q2 24 | 3.2% | — | ||
| Q1 24 | 0.7% | -139.4% | ||
| Q4 23 | -0.1% | — |
| Q3 25 | 1.2% | -2.8% | ||
| Q2 25 | 1.0% | -7.8% | ||
| Q1 25 | 0.7% | -4.0% | ||
| Q4 24 | -5.4% | — | ||
| Q3 24 | 4.7% | -2.0% | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | -1.3% | -204.3% | ||
| Q4 23 | -4.0% | — |
| 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 | — | ||
| Q4 23 | $-0.38 | — |
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 | $8.8M |
| Total DebtLower is stronger | $665.5M | — |
| Stockholders' EquityBook value | $653.9M | — |
| Total Assets | $1.8B | $183.2M |
| Debt / EquityLower = less leverage | 1.02× | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $69.2M | $8.8M | ||
| Q2 25 | $47.4M | $650.0M | ||
| Q1 25 | $65.4M | $2.4M | ||
| Q4 24 | $66.5M | — | ||
| Q3 24 | $61.3M | $1.9M | ||
| Q2 24 | $46.8M | — | ||
| Q1 24 | $73.1M | $3.0M | ||
| Q4 23 | $83.9M | — |
| 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 | — | ||
| Q4 23 | $535.9M | — |
| Q3 25 | $653.9M | — | ||
| Q2 25 | $649.4M | $-7.2B | ||
| Q1 25 | $636.7M | — | ||
| Q4 24 | $640.5M | — | ||
| Q3 24 | $680.8M | — | ||
| Q2 24 | $653.3M | — | ||
| Q1 24 | $654.7M | — | ||
| Q4 23 | $661.6M | — |
| Q3 25 | $1.8B | $183.2M | ||
| Q2 25 | $1.8B | $7.2B | ||
| Q1 25 | $1.8B | $158.2M | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.8B | $151.8M | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | $1.5B | $145.6M | ||
| Q4 23 | $1.6B | — |
| 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× | — | ||
| Q4 23 | 0.81× | — |
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.
| Q3 25 | $38.4M | — | ||
| Q2 25 | $33.3M | — | ||
| Q1 25 | $-4.8M | — | ||
| Q4 24 | $45.7M | — | ||
| Q3 24 | $-17.3M | — | ||
| Q2 24 | $21.4M | — | ||
| Q1 24 | $6.6M | — | ||
| Q4 23 | $28.2M | — |
| Q3 25 | $32.9M | — | ||
| Q2 25 | $28.7M | — | ||
| Q1 25 | $-10.4M | — | ||
| Q4 24 | $41.1M | — | ||
| Q3 24 | $-20.5M | — | ||
| Q2 24 | $18.0M | — | ||
| Q1 24 | $4.2M | — | ||
| Q4 23 | $24.1M | — |
| Q3 25 | 6.3% | — | ||
| Q2 25 | 5.7% | — | ||
| Q1 25 | -2.2% | — | ||
| Q4 24 | 8.6% | — | ||
| Q3 24 | -4.4% | — | ||
| Q2 24 | 4.1% | — | ||
| Q1 24 | 1.0% | — | ||
| Q4 23 | 5.9% | — |
| Q3 25 | 1.1% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 1.0% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | 0.8% | — | ||
| Q1 24 | 0.6% | — | ||
| Q4 23 | 1.0% | — |
| Q3 25 | 5.95× | — | ||
| Q2 25 | 6.66× | — | ||
| Q1 25 | -1.46× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.79× | — | ||
| Q2 24 | 11.28× | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
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% |
VFS
| Sales of vehicles | $662.9M | 92% |
| Sales of spare parts and components | $41.3M | 6% |
| Revenue from leasing activities | $12.3M | 2% |
| Finance income | $2.4M | 0% |
| Rendering of services | $1.2M | 0% |
