DSGR · Distribution Solutions Group, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.80B | $1.80B | $1.57B | $1.15B | $417.73M | $351.59M |
| Cost of Revenue | $1.32B | $1.19B | $1.02B | $760.52M | $198.50M | $165.05M |
| Gross Profit | $662.04M | $613.77M | $551.88M | $390.90M | $219.24M | $186.54M |
| R&D | - | - | - | - | - | - |
| SG&A | $583.77M | $557.82M | $508.88M | $118.86M | $110.61M | $89.21M |
| Total Operating Expenses | - | - | - | - | $207.25M | $165.99M |
| D&A | $80.88M | $74.38M | $63.59M | $45.19M | $8.34M | $6.70M |
| Operating Income | $78.26M | $55.95M | $42.99M | $41.79M | $11.99M | $20.55M |
| Interest Expense | $55.35M | $55.15M | $42.77M | $24.30M | $869.0K | $654.0K |
| Income Tax | $11.07M | $6.80M | $6.96M | $5.53M | $2.51M | $5.67M |
| Net Income | $8.35M | ($7.33M) | ($8.97M) | $7.41M | $9.41M | $15.11M |
| EPS - Basic | $0.18 | ($0.16) | ($0.20) | $0.21 | $0.52 | $0.84 |
| EPS - Diluted | $0.18 | ($0.16) | ($0.20) | $0.21 | $0.51 | $0.81 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $61.75M | $66.48M | $83.93M | $24.55M | $4.18M | $28.39M |
| Accounts Receivable | $271.33M | $250.72M | $213.45M | $166.30M | $47.03M | $44.52M |
| Inventory | $353.37M | $348.23M | $315.98M | $264.37M | $73.85M | $61.87M |
| Accounts Payable | $151.23M | $125.58M | $98.67M | $80.49M | $21.09M | $22.26M |
| Current Assets | $746.92M | $712.17M | $657.33M | $478.19M | $132.78M | $143.06M |
| Total Assets | $1.75B | $1.73B | $1.55B | $1.22B | $256.16M | $256.30M |
| Current Liabilities | $291.46M | $266.26M | $242.01M | $169.48M | $72.24M | $98.00M |
| Long-term Debt | $664.20M | $693.90M | $535.88M | $395.82M | - | - |
| Total Liabilities | $1.10B | $1.09B | $888.73M | $652.62M | $123.15M | $133.88M |
| Stockholders' Equity | $649.35M | $640.54M | $661.60M | $563.00M | $133.01M | $122.42M |
| Retained Earnings | ($33.69M) | ($42.04M) | ($34.71M) | ($25.74M) | $111.02M | $101.61M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $83.85M | $56.45M | $102.29M | ($11.03M) | $5.45M | $32.53M |
| Investing Cash Flow | ($29.49M) | ($229.68M) | ($278.52M) | ($126.69M) | ($41.19M) | ($3.99M) |
| Financing Cash Flow | ($64.27M) | $159.30M | $250.41M | $148.46M | $10.66M | ($5.77M) |
| CapEx | $21.02M | $13.68M | $15.34M | $8.31M | $8.19M | $1.69M |
| Free Cash Flow | $62.83M | $42.77M | $86.95M | ($19.34M) | ($2.74M) | $30.84M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 36.7% | 34.0% | 35.1% | 33.9% | 52.5% | 53.1% |
| Operating margin | 4.3% | 3.1% | 2.7% | 3.6% | 2.9% | 5.8% |
| EBITDA margin | 8.8% | 7.2% | 6.8% | 7.6% | 4.9% | 7.8% |
| Net margin | 0.5% | -0.4% | -0.6% | 0.6% | 2.3% | 4.3% |
| Free cash flow margin | 3.5% | 2.4% | 5.5% | -1.7% | -0.7% | 8.8% |
| FCF / Net income | 7.53 | -5.83 | -9.70 | -2.61 | -0.29 | 2.04 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 32.4% | 30.9% | 32.4% | 10.3% | 26.5% | 25.4% |
| Effective tax rate | 57.0% | - | - | 42.8% | 21.1% | 27.3% |
| Return on assets | 0.5% | -0.4% | -0.6% | 0.6% | 3.7% | 5.9% |
| Return on equity | 1.3% | -1.1% | -1.4% | 1.3% | 7.1% | 12.3% |
| Return on invested capital | 3.0% | 3.3% | 2.8% | 2.5% | - | - |
| Liquidity | ||||||
| Current ratio | 2.56 | 2.67 | 2.72 | 2.82 | 1.84 | 1.46 |
| Quick ratio | 1.35 | 1.37 | 1.41 | 1.26 | 0.82 | 0.83 |
| Cash ratio | 0.21 | 0.25 | 0.35 | 0.14 | 0.06 | 0.29 |
| Leverage | ||||||
| Debt / Equity | 1.02 | 1.08 | 0.81 | 0.70 | - | - |
| Debt / Assets | 0.38 | 0.40 | 0.35 | 0.33 | - | - |
| Debt / EBITDA | 4.17 | 5.32 | 5.03 | 4.55 | - | - |
| Interest coverage | 1.4x | 1.0x | 1.0x | 1.7x | 13.8x | 31.4x |
| Equity multiplier | 2.69 | 2.70 | 2.34 | 2.16 | 1.93 | 2.09 |
| Liabilities / Assets | 0.63 | 0.63 | 0.57 | 0.54 | 0.48 | 0.52 |
| Efficiency | ||||||
| Asset turnover | 1.03 | 1.04 | 1.01 | 0.95 | 1.63 | 1.37 |
| Inventory turnover | 3.73 | 3.42 | 3.22 | 2.88 | 2.69 | 2.67 |
| Days sales outstanding | 55d | 51d | 50d | 53d | 41d | 46d |
| Days inventory outstanding | 98d | 107d | 113d | 127d | 136d | 137d |
| Days payable outstanding | 42d | 39d | 35d | 39d | 39d | 49d |
| Cash conversion cycle | 111d | 119d | 127d | 141d | 138d | 134d |
| Valuation | ||||||
| P / E | 152.2x | - | - | - | - | - |
| P / B | 2.0x | 2.5x | - | - | - | - |
| P / S | 0.7x | 0.9x | - | - | - | - |
| EV / EBITDA | 11.9x | 17.2x | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 0.0% | 14.9% | 36.4% | 175.6% | 18.8% | - |
| Revenue CAGR (3y) | 16.1% | 62.8% | 64.7% | - | 6.1% | 4.7% |
| Revenue CAGR (5y) | 38.7% | - | 35.0% | 30.4% | 8.6% | 5.0% |
| Gross profit growth (YoY) | 7.9% | 11.2% | 41.2% | 78.3% | 17.5% | -5.5% |
| Operating income growth (YoY) | 39.9% | 30.2% | 2.9% | 248.6% | -41.7% | 126.7% |
| Net income growth (YoY) | - | 18.2% | - | -21.3% | -37.8% | 109.3% |
| EPS growth (YoY) | - | 20.0% | - | -58.4% | -37.7% | 5.2% |
| EPS CAGR (3y) | -5.0% | - | - | -35.2% | -9.0% | - |
| EPS CAGR (5y) | -26.0% | - | - | - | - | - |
| FCF growth (YoY) | 46.9% | -50.8% | - | -604.7% | - | 330.3% |
| FCF CAGR (5y) | 15.3% | 42.9% | 37.4% | - | - | 34.6% |
| Book value growth (YoY) | 1.4% | -3.2% | 17.5% | 323.3% | 8.6% | 13.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.98B totalTest Equity Segment$783.24M · 39.5%
Gexpro Services Segment$496.65M · 25.1%
Lawson Segment$481.09M · 24.3%
Canada Branch Division Segment$221.43M · 11.2%
Product / service
$26.87M totalRental Program$26.87M · 100.0%
Geographic
$1.98B totalUS$1.46B · 73.6%
CA$293.00M · 14.8%
Latin America$117.83M · 5.9%
Europe$64.71M · 3.3%
Asia Pacific$32.25M · 1.6%
Other Geographical$14.73M · 0.7%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.59
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
7/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Wholesale-Machinery, Equipment & Supplies
Comparing Distribution Solutions Group against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months
| Ex-date | Per share |
|---|---|
| Jun 29, 2012 | $0.0600 |
| Mar 30, 2012 | $0.0600 |
| Dec 29, 2011 | $0.0600 |
| Sep 23, 2011 | $0.0600 |
| Jun 30, 2011 | $0.0600 |
| Apr 1, 2011 | $0.0600 |
| Dec 31, 2010 | $0.0600 |
| Sep 24, 2010 | $0.0400 |
| May 27, 2010 | $0.0300 |
| Apr 1, 2010 | $0.0300 |
| Dec 31, 2009 | $0.0300 |
| Sep 25, 2009 | $0.0300 |
| Jul 6, 2009 | $0.0150 |
| Apr 3, 2009 | $0.0150 |
| Jan 2, 2009 | $0.1000 |
| Sep 26, 2008 | $0.1000 |
| Jun 27, 2008 | $0.1000 |
| Apr 4, 2008 | $0.1000 |
| Jan 4, 2008 | $0.1000 |
| Sep 28, 2007 | $0.1000 |
| Jun 29, 2007 | $0.1000 |
| Mar 30, 2007 | $0.1000 |
| Jan 3, 2007 | $0.1000 |
| Sep 29, 2006 | $0.1000 |