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Side-by-side financial comparison of Distribution Solutions Group, Inc. (DSGR) and WillScot Holdings Corp (WSC). Click either name above to swap in a different company.
WillScot Holdings Corp is the larger business by last-quarter revenue ($566.0M vs $518.0M, roughly 1.1× Distribution Solutions Group, Inc.). Distribution Solutions Group, Inc. runs the higher net margin — 1.2% vs -33.1%, a 34.3% gap on every dollar of revenue. On growth, Distribution Solutions Group, Inc. posted the faster year-over-year revenue change (10.7% vs -6.1%). WillScot Holdings Corp produced more free cash flow last quarter ($149.7M vs $32.9M). 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.
WillScot Holdings Corp is a leading provider of modular space solutions and portable storage services across North America. It serves a wide range of sectors including construction, commercial development, education, healthcare, government projects, and special events, offering flexible, scalable temporary and semi-permanent space solutions tailored to diverse client needs.
DSGR vs WSC — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $518.0M | $566.0M |
| Net Profit | $6.5M | $-187.3M |
| Gross Margin | 32.9% | 50.4% |
| Operating Margin | 4.6% | -32.5% |
| Net Margin | 1.2% | -33.1% |
| Revenue YoY | 10.7% | -6.1% |
| Net Profit YoY | -70.6% | -310.0% |
| EPS (diluted) | $0.14 | $-1.02 |
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 | — | $566.0M | ||
| Q3 25 | $518.0M | $566.8M | ||
| Q2 25 | $502.4M | $589.1M | ||
| Q1 25 | $478.0M | $559.6M | ||
| Q4 24 | $480.5M | $602.5M | ||
| Q3 24 | $468.0M | $601.4M | ||
| Q2 24 | $439.5M | $604.6M | ||
| Q1 24 | $416.1M | $587.2M |
| Q4 25 | — | $-187.3M | ||
| Q3 25 | $6.5M | $43.3M | ||
| Q2 25 | $5.0M | $47.9M | ||
| Q1 25 | $3.3M | $43.1M | ||
| Q4 24 | $-25.9M | $89.2M | ||
| Q3 24 | $21.9M | $-70.5M | ||
| Q2 24 | $1.9M | $-46.9M | ||
| Q1 24 | $-5.2M | $56.2M |
| Q4 25 | — | 50.4% | ||
| Q3 25 | 32.9% | 49.7% | ||
| Q2 25 | 33.9% | 50.3% | ||
| Q1 25 | 34.3% | 53.7% | ||
| Q4 24 | 33.3% | 55.8% | ||
| Q3 24 | 33.9% | 53.5% | ||
| Q2 24 | 34.5% | 54.1% | ||
| Q1 24 | 34.5% | 54.0% |
| Q4 25 | — | -32.5% | ||
| Q3 25 | 4.6% | 21.0% | ||
| Q2 25 | 5.3% | 21.5% | ||
| Q1 25 | 4.2% | 21.3% | ||
| Q4 24 | 4.2% | 28.9% | ||
| Q3 24 | 4.0% | -5.9% | ||
| Q2 24 | 3.2% | -0.9% | ||
| Q1 24 | 0.7% | 22.1% |
| Q4 25 | — | -33.1% | ||
| Q3 25 | 1.2% | 7.6% | ||
| Q2 25 | 1.0% | 8.1% | ||
| Q1 25 | 0.7% | 7.7% | ||
| Q4 24 | -5.4% | 14.8% | ||
| Q3 24 | 4.7% | -11.7% | ||
| Q2 24 | 0.4% | -7.7% | ||
| Q1 24 | -1.3% | 9.6% |
| Q4 25 | — | $-1.02 | ||
| Q3 25 | $0.14 | $0.24 | ||
| Q2 25 | $0.11 | $0.26 | ||
| Q1 25 | $0.07 | $0.23 | ||
| Q4 24 | $-0.55 | $0.48 | ||
| Q3 24 | $0.46 | $-0.37 | ||
| Q2 24 | $0.04 | $-0.25 | ||
| Q1 24 | $-0.11 | $0.29 |
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 | $14.6M |
| Total DebtLower is stronger | $665.5M | $3.6B |
| Stockholders' EquityBook value | $653.9M | $856.3M |
| Total Assets | $1.8B | $5.8B |
| Debt / EquityLower = less leverage | 1.02× | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $14.6M | ||
| Q3 25 | $69.2M | $14.8M | ||
| Q2 25 | $47.4M | $12.8M | ||
| Q1 25 | $65.4M | $10.7M | ||
| Q4 24 | $66.5M | $9.0M | ||
| Q3 24 | $61.3M | $11.0M | ||
| Q2 24 | $46.8M | $5.9M | ||
| Q1 24 | $73.1M | $13.1M |
| Q4 25 | — | $3.6B | ||
| Q3 25 | $665.5M | $3.6B | ||
| Q2 25 | $675.0M | $3.7B | ||
| Q1 25 | $712.4M | $3.6B | ||
| Q4 24 | $693.9M | $3.7B | ||
| Q3 24 | $704.1M | $3.6B | ||
| Q2 24 | $573.7M | $3.5B | ||
| Q1 24 | $535.7M | $3.5B |
| Q4 25 | — | $856.3M | ||
| Q3 25 | $653.9M | $1.1B | ||
| Q2 25 | $649.4M | $1.0B | ||
| Q1 25 | $636.7M | $1.0B | ||
| Q4 24 | $640.5M | $1.0B | ||
| Q3 24 | $680.8M | $1.1B | ||
| Q2 24 | $653.3M | $1.2B | ||
| Q1 24 | $654.7M | $1.3B |
| Q4 25 | — | $5.8B | ||
| Q3 25 | $1.8B | $6.1B | ||
| Q2 25 | $1.8B | $6.1B | ||
| Q1 25 | $1.8B | $6.0B | ||
| Q4 24 | $1.7B | $6.0B | ||
| Q3 24 | $1.8B | $6.0B | ||
| Q2 24 | $1.6B | $6.0B | ||
| Q1 24 | $1.5B | $6.2B |
| Q4 25 | — | 4.15× | ||
| Q3 25 | 1.02× | 3.39× | ||
| Q2 25 | 1.04× | 3.55× | ||
| Q1 25 | 1.12× | 3.56× | ||
| Q4 24 | 1.08× | 3.62× | ||
| Q3 24 | 1.03× | 3.42× | ||
| Q2 24 | 0.88× | 2.88× | ||
| Q1 24 | 0.82× | 2.63× |
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 | $158.9M |
| Free Cash FlowOCF − Capex | $32.9M | $149.7M |
| FCF MarginFCF / Revenue | 6.3% | 26.5% |
| Capex IntensityCapex / Revenue | 1.1% | 1.6% |
| Cash ConversionOCF / Net Profit | 5.95× | — |
| TTM Free Cash FlowTrailing 4 quarters | $92.2M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $158.9M | ||
| Q3 25 | $38.4M | $191.2M | ||
| Q2 25 | $33.3M | $205.3M | ||
| Q1 25 | $-4.8M | $206.6M | ||
| Q4 24 | $45.7M | $178.9M | ||
| Q3 24 | $-17.3M | $-1.6M | ||
| Q2 24 | $21.4M | $175.6M | ||
| Q1 24 | $6.6M | $208.7M |
| Q4 25 | — | $149.7M | ||
| Q3 25 | $32.9M | $186.9M | ||
| Q2 25 | $28.7M | $199.0M | ||
| Q1 25 | $-10.4M | $202.0M | ||
| Q4 24 | $41.1M | $176.6M | ||
| Q3 24 | $-20.5M | $-4.9M | ||
| Q2 24 | $18.0M | $169.4M | ||
| Q1 24 | $4.2M | $202.1M |
| Q4 25 | — | 26.5% | ||
| Q3 25 | 6.3% | 33.0% | ||
| Q2 25 | 5.7% | 33.8% | ||
| Q1 25 | -2.2% | 36.1% | ||
| Q4 24 | 8.6% | 29.3% | ||
| Q3 24 | -4.4% | -0.8% | ||
| Q2 24 | 4.1% | 28.0% | ||
| Q1 24 | 1.0% | 34.4% |
| Q4 25 | — | 1.6% | ||
| Q3 25 | 1.1% | 0.7% | ||
| Q2 25 | 0.9% | 1.1% | ||
| Q1 25 | 1.2% | 0.8% | ||
| Q4 24 | 1.0% | 0.4% | ||
| Q3 24 | 0.7% | 0.6% | ||
| Q2 24 | 0.8% | 1.0% | ||
| Q1 24 | 0.6% | 1.1% |
| Q4 25 | — | — | ||
| Q3 25 | 5.95× | 4.41× | ||
| Q2 25 | 6.66× | 4.28× | ||
| Q1 25 | -1.46× | 4.80× | ||
| Q4 24 | — | 2.01× | ||
| Q3 24 | -0.79× | — | ||
| Q2 24 | 11.28× | — | ||
| Q1 24 | — | 3.71× |
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% |
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
