Distribution Solutions Group, Inc. DSGR

Industrials SIC 5080 - Wholesale-Machinery, Equipment & Supplies NAICS Wholesale Trade › Merchant Wholesalers, Durable Goods › Machinery, Equipment, and Supplies Merchant Wholesalers derived Nasdaq

Distribution Solutions Group, Inc. ("DSG"), a Delaware corporation, is a global specialty distribution company providing value-added distribution solutions to the maintenance, repair and operations ("MRO"), original equipment manufacturer ("OEM") and industrial technology markets.

Through the strategic Mergers (as defined below) completed in 2022, the complementary distribution businesses of Lawson Products, Inc. ("Lawson"), a leader in MRO distribution of C-parts, TestEquity Acquisition, LLC ("TestEquity"), a leader in electronic test and measurement solutions, and 301 HW Opus Holdings, Inc., which conducts business as Gexpro Services ("Gexpro Services"), a leading global supply chain services provider to manufacturing customers were combined under the DSG holding company. On April 1, 2022, DSG, which at the time already owned Lawson, acquired TestEquity and Gexpro Services, in transactions in which TestEquity and Gexpro Services were merged with and into subsidiaries of DSG, with Lawson, TestEquity and Gexpro Services surviving as wholly-owned subsidiaries of DSG, and in connection with which DSG issued shares of DSG common stock to the former equityholders of TestEquity and Gexpro Services in exchange for their equity interests in TestEquity and Gexpro Services ("the Mergers").

Last close 35.01 2026-10-23
Market cap $1.62B 2026-06-30 share count
52-week range 19.02 - 35.30

Valuation FY2025 figures against the last close

P/S0.8x
P/E194.5x
P/FCF25.8x
EV/EBITDA14.2x
Dividend yield—
Diluted EPS0.18

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Canada
  • Latin America
  • Europe
  • Pacific Rim
  • Other
Revenue by geography, 6 categories over 2 years. The same figures are in the table below. FY2025 United States, FY2025: 1.5B (73.6%) 74% United States Canada, FY2025: 293M (14.8%) 15% Canada Latin America, FY2025: 117.8M (5.9%) 6% Europe, FY2025: 64.7M (3.3%) Pacific Rim, FY2025: 32.2M (1.6%) Other, FY2025: 14.7M (0.7%) FY2024 United States, FY2024: 1.4B (77.0%) 77% Canada, FY2024: 192.2M (10.6%) 11% Latin America, FY2024: 131.3M (7.3%) 7% Europe, FY2024: 58.1M (3.2%) Pacific Rim, FY2024: 20.6M (1.1%) Other, FY2024: 14M (0.8%)
Region FY2025FY2024
United States $1.46B $1.39B
Canada $293.0M $192.2M
Latin America $117.8M $131.3M
Europe $64.7M $58.1M
Pacific Rim $32.2M $20.6M
Other $14.7M $14.0M

As the company reported it, from the “Revenue Recognition - Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.98B$1.80B$1.57B$1.15B$520.3M$351.6M$370.8M$349.6M$305.9M$276.6M
Cost of revenue $1.32B$1.19B$1.02B$760.5M$390.0M$165.1M$173.4M$160.1M$0$108.5M
Gross profit $662.0M$613.8M$551.9M$390.9M$130.3M$186.5M$197.4M$189.5M$183.0M$168.1M
SG&A $583.8M$557.8M$508.9M$349.1M$118.9M$89.2M$102.9M$92.7M$178.5M$169.5M
Total operating expenses ————$207.2M$166.0M$188.3M$180.3M$173.1M$169.5M
Operating income $78.3M$56.0M$43.0M$41.8M$11.4M$20.6M$9.1M$9.2M$9.9M-$1.5M
Interest expense $55.4M$55.1M$42.8M$24.3M$16.7M$654.0K$603.0K$1.0M$622.0K$496.0K
Pre-tax income $19.4M-$536.0K-$2.0M$12.9M-$4.7M$20.8M$9.7M$6.9M$10.1M-$1.5M
Income tax $11.1M$6.8M$7.0M$5.5M$313.0K$5.7M$2.5M$649.0K$19.6M$98.0K
Net income $8.3M-$7.3M-$9.0M$7.4M-$5.1M$15.1M$7.2M$6.2M$29.7M-$1.6M
EPS, basic 0.18-0.16-0.200.22-0.491.680.810.703.35-0.19
EPS, diluted 0.18-0.16-0.200.21-0.491.620.770.673.25-0.19
Shares, diluted (wtd. avg.) 47.2M46.8M44.9M35.1M10.2M9.3M9.4M9.3M9.1M8.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $61.8M$66.5M$83.9M$24.7M$14.7M$10.4M$6.3M$12.7M$5.2M$11.2M
Receivables $271.3M$250.7M$213.4M$166.3M$80.6M$44.5M$38.8M$37.7M$38.6M$30.2M
Inventory $353.4M$348.2M$316.0M$264.4M$132.7M$61.9M$55.9M$52.9M$50.9M$42.6M
Total current assets $746.9M$712.2M$657.3M$478.2M$236.1M$143.1M$106.4M$106.9M$98.4M$87.8M
Property, plant and equipment $126.6M$125.5M$113.8M$64.4M$9.1M$15.8M$16.5M$23.5M$27.3M$30.9M
Goodwill $467.9M$462.8M$399.9M$348.0M$104.2M$93.0M$20.9M$20.1M$19.6M$5.5M
Other intangibles $226.1M$269.8M$253.8M$228.0M$96.6M$18.5M$12.3M$13.1M$11.8M$844.0K
Total assets $1.75B$1.73B$1.55B$1.22B$491.4M$256.3M$204.4M$197.1M$191.1M$135.3M
Accounts payable $151.2M$125.6M$98.7M$80.5M$48.0M$22.3M$13.8M$15.2M$12.4M$11.3M
Short-term debt $35.5M$40.5M$32.6M$16.4M$134.4M—————
Total current liabilities $291.5M$266.3M$242.0M$169.5M$214.9M$98.0M$56.9M$66.2M$60.0M$39.4M
Long-term debt $664.2M$693.9M$535.9M$395.8M$93.1M—————
Total liabilities $1.10B$1.09B$888.7M$652.6M$325.6M$133.9M$96.4M$98.0M$97.6M$74.2M
Retained earnings -$33.7M-$42.0M-$34.7M-$25.7M-$33.1M$101.6M$86.5M$77.3M$71.5M$41.9M
Total equity $649.3M$640.5M$661.6M$563.0M$165.8M$155.2M$108.0M$99.2M$93.5M$61.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $83.8M$56.5M$102.3M-$11.0M$10.3M$32.5M$9.2M$20.3M$7.2M$8.6M
Depreciation and amortisation $80.9M$74.4M$63.6M$45.2M$18.7M$6.7M$5.9M$6.9M$6.8M$8.1M
Stock-based compensation ————$4.8M$1.5M$4.1M$7.5M$3.1M$2.5M
Capital expenditure $21.0M$13.7M$15.3M$8.3M$3.0M$1.7M$2.0M$2.5M$1.3M$3.1M
Investing cash flow -$29.5M-$229.7M-$278.5M-$126.7M-$41.4M-$4.0M-$2.0M-$7.8M-$27.4M-$9.1M
Financing cash flow -$64.3M$159.3M$250.4M$148.5M$34.7M-$5.8M-$13.9M-$4.5M$13.4M-$260.0K
Buybacks $23.8M$2.6M$3.6M$1.9M$0$3.3M$4.5M$523.0K$20.0K$176.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000703604-26-000008.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B 2B Revenue, FY2016: 276.6M Gross profit, FY2016: 168.1M Net income, FY2016: -1.6M Revenue, FY2017: 305.9M Gross profit, FY2017: 183M Net income, FY2017: 29.7M Revenue, FY2018: 349.6M Gross profit, FY2018: 189.5M Net income, FY2018: 6.2M Revenue, FY2019: 370.8M Gross profit, FY2019: 197.4M Net income, FY2019: 7.2M Revenue, FY2020: 351.6M Gross profit, FY2020: 186.5M Net income, FY2020: 15.1M Revenue, FY2021: 520.3M Gross profit, FY2021: 130.3M Net income, FY2021: -5.1M Revenue, FY2022: 1.2B Gross profit, FY2022: 390.9M Net income, FY2022: 7.4M Revenue, FY2023: 1.6B Gross profit, FY2023: 551.9M Net income, FY2023: -9M Revenue, FY2024: 1.8B Gross profit, FY2024: 613.8M Net income, FY2024: -7.3M Revenue, FY2025: 2B Gross profit, FY2025: 662M Net income, FY2025: 8.3M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $276.6M $305.9M $349.6M $370.8M $351.6M $520.3M $1.15B $1.57B $1.80B $1.98B
Gross profit $168.1M $183.0M $189.5M $197.4M $186.5M $130.3M $390.9M $551.9M $613.8M $662.0M
Net income -$1.6M $29.7M $6.2M $7.2M $15.1M -$5.1M $7.4M -$9.0M -$7.3M $8.3M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 5080

TickerCompanyMarket capP/ERevenue growth
AIT APPLIED INDUSTRIAL TECHNOLOGIES INC $11.63B 28.9x 8.8%
WLFC WILLIS LEASE FINANCE CORP $824.4M 2.5x 28.3%
HDSN HUDSON TECHNOLOGIES INC /NY $226.0M 14.5x 4.0%
ASLE AerSale Corp $222.9M 25.9x -2.8%
TLIH Ten-League International Holdings Ltd — — 38.4%