DSGR on Nasdaq

Distribution Solutions Group, Inc.

American wholesale-machinery company, incorporated in Delaware. Summary from the record

Price unavailable

Last updated Oct 19, 2026.

Overview

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  • TickerDSGR on Nasdaq1
  • IndustryWholesale-Machinery, Equipment & Supplies1
  • HeadquartersFort Worth, Texas1
  • Incorporated inDE2
  • Business address301 Commerce Street, Suite 1700, Fort Worth, Tx 761022
  • Filer categoryAccelerated filer2

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.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

33.4%Gross margin4
4.0%Operating margin4
0.4%Net margin4
9.8%Revenue growth, 20254
1.3%Return on equity4
1.02×Debt to equity4
$62.8MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

TestEquity brought in 40% of the revenue Distribution Solutions Group, Inc. broke down this way in fiscal 2025.

  1. TestEquity$782.4M440%up 1% from 2024
  2. Gexpro Services$495.5M425%up 13% from 2024
  3. Lawson$481.1M424%up 3% from 2024
  4. Canada Branch Division$221.4M411%up 77% from 2024
Business segments by year
Business segments202320242025
TestEquity$641.6M$770.9M$782.4M
Gexpro Services$404.5M$439.2M$495.5M
Lawson$468.7M$469.0M$481.1M
Canada Branch Division$55.9M$125.1M$221.4M

Regions

United States brought in 74% of the revenue Distribution Solutions Group, Inc. broke down this way in fiscal 2025.

  1. United States$1.5B474%up 5% from 2024
  2. CA [member]$293.0M415%up 52% from 2024
  3. Latin America$117.8M46%down 10% from 2024
  4. Europe$64.7M43%up 11% from 2024
  5. Asia Pacific$32.2M42%up 57% from 2024
  6. Other Geographical$14.7M41%up 5% from 2024
Regions by year
Regions202320242025
United States$1.3B$1.4B$1.5B
CA [member]$141.1M$192.2M$293.0M
Latin America$74.6M$131.3M$117.8M
Europe$79.6M$58.1M$64.7M
Asia Pacific$13.5M$20.6M$32.2M
Other Geographical$9.8M$14.0M$14.7M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue67¢$1.3B
  • Selling, general and admin29¢$583.8M
  • Other costs3¢$58.9M
  • Income tax1¢$11.1M
  • Profit0¢$8.3M

Out of $2.0B in revenue.4

Where each dollar of operating cash went, fiscal 2025

  • Capital spending25¢$21.0M
  • Share buybacks28¢$23.8M
  • Kept or used elsewhere47¢$39.1M

Out of $83.8M of cash from operations.4

Financial statements

Revenue56784$2.0B in 2025+434% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $370.8M$370.8M20192020: $351.6M$351.6M2020−5%2021: $520.3M$520.3M2021+48%2022: $1.2B$1.2B2022+121%2023: $1.6B$1.6B2023+36%2024: $1.8B$1.8B2024+15%2025: $2.0B$2.0B2025+10%
Gross profit56784$662.0M in 2025+235% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $197.4M$197.4M20192020: $186.5M$186.5M2020−5%2021: $130.3M$130.3M2021−30%2022: $390.9M$390.9M2022+200%2023: $551.9M$551.9M2023+41%2024: $613.8M$613.8M2024+11%2025: $662.0M$662.0M2025+8%
Operating income56784$78.3M in 2025+763% since 2019
0$20.0M$40.0M$60.0M$80.0M2019: $9.1M$9.1M20192020: $20.6M$20.6M2020+127%2021: $11.4M$11.4M2021−44%2022: $41.8M$41.8M2022+266%2023: $43.0M$43.0M2023+3%2024: $56.0M$56.0M2024+30%2025: $78.3M$78.3M2025+40%
Net income56784$8.3M in 2025+16% since 2019
-$10.0M0$10.0M$20.0M2019: $7.2M$7.2M20192020: $15.1M$15.1M2020+109%2021: -$5.1M-$5.1M20212022: $7.4M$7.4M20222023: -$9.0M-$9.0M20232024: -$7.3M-$7.3M2024−18%2025: $8.3M$8.3M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.4

Period ending2025-12-312024-12-312023-12-31
Revenue$2.0B$1.8B$1.6B
Cost of goods sold$1.3B$1.2B$1.0B
Gross profit$662.0M$613.8M$551.9M
Selling, general and administrative expenses$583.8M$557.8M$508.9M
Operating income (loss)$78.3M$56.0M$43.0M
Interest expense-$55.4M-$55.1M-$42.8M
Change in fair value of earnout liabilities-$1.0M-$988.0K$758.0K
Other income (expense), net-$2.5M-$358.0K-$3.0M
Income (loss) before income taxes$19.4M-$536.0K-$2.0M
Total$11.1M$6.8M$7.0M
Net income (loss)$8.3M-$7.3M-$9.0M
Basic income (loss) per share of common stock (in USD per share)$0.18-$0.16-$0.20
Diluted income (loss) per share of common stock (in USD per share)$0.18-$0.16-$0.20
Foreign currency translation adjustment$16.8M-$16.9M$4.9M
Other$0$0-$120.0K
Comprehensive income (loss)$25.1M-$24.3M-$4.2M

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Leadership

Who has led Distribution Solutions Group, Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (32)

Former names

  • LAWSON PRODUCTS INC/NEW/DE/May 3, 1995 to May 2, 20222

Timeline

  1. Aug 18, 2025New chief executive Barry Litwin becomes CEO12
  2. May 24, 2022New chief executive Cesar Lanuza becomes CEO13
  3. Oct 4, 2012New chief executive Michael G. Decata becomes CEO14
  4. Dec 23, 2009New chief executive Thomas Neri becomes CEO15
  5. Dec 18, 2006New chief executive Robert J. Washlow becomes CEO16

Filings

241 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 66 major events, 104 insider forms, 14 large holders, 36 other. The latest 20:

  1. Oct 14, 20264 EDGAR
  2. Oct 14, 2026DEFA14A EDGAR
  3. Oct 14, 20268-K EDGAR
  4. Oct 8, 2026DEFA14A EDGAR
  5. Oct 8, 20268-K EDGAR
  6. Oct 5, 2026DEFA14A EDGAR
  7. Oct 5, 20268-K EDGAR
  8. Sep 10, 2026SCHEDULE 13D/A EDGAR
  9. Sep 10, 2026DEFA14A EDGAR
  10. Sep 10, 20268-K EDGAR
  11. Sep 1, 2026SC 13E3 EDGAR
  12. Sep 1, 2026PREM14A EDGAR
  13. Aug 18, 20264 EDGAR
  14. Aug 6, 202610-Q EDGAR
  15. Aug 6, 20268-K EDGAR
  16. Jul 16, 2026SCHEDULE 13D/A EDGAR
  17. Jul 16, 2026DEFA14A EDGAR
  18. Jul 16, 20268-K EDGAR
  19. Jun 5, 20264 EDGAR
  20. May 15, 20264 EDGAR

The 241 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

21 open-market trades by officers, directors and large owners since October 2021: 21 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 10, 2026Zamarripa RobertDirectorBuy14,000$21.23$297.2KForm 4
Jun 7, 2024Zamarripa RobertDirectorBuy4,000$30.24$121.0KForm 4
Sep 7, 2023Lanuza CesarPresident and CEOBuy204$26.13$5.3KForm 4
Sep 6, 2023Lanuza CesarPresident and CEOBuy9,696$25.63$248.5KForm 4
Aug 30, 2022MOON MARK FDirectorBuy1,000$41.14$41.1KForm 4
Jun 15, 2022MOON MARK FDirectorBuy5,000$51.00$255.0KForm 4
Jun 15, 2022301 HW Opus Investors, LLC10% ownerBuy10,000$51.00$510.0KForm 4
Jun 7, 2022Lanuza CesarPresident and CEOBuy3,180$43.20$137.4KForm 4
Jun 6, 2022Lanuza CesarPresident and CEOBuy100$41.34$4.1KForm 4
Jun 6, 2022Lanuza CesarPresident and CEOBuy5,672$41.11$233.2KForm 4
Jun 3, 2022Lanuza CesarPresident and CEOBuy3,251$37.99$123.5KForm 4
Jun 2, 2022Lanuza CesarPresident and CEOBuy210$38.19$8.0KForm 4
Jun 2, 2022Lanuza CesarPresident and CEOBuy4,087$38.40$157.0KForm 4
Jun 1, 2022Lanuza CesarPresident and CEOBuy323$37.93$12.3KForm 4
Jun 1, 2022Lanuza CesarPresident and CEOBuy2,154$38.08$82.0KForm 4
May 31, 2022Lanuza CesarPresident and CEOBuy1,669$37.65$62.8KForm 4
May 27, 2022Lanuza CesarPresident and CEOBuy1,754$39.39$69.1KForm 4
May 26, 2022Lanuza CesarPresident and CEOBuy300$38.62$11.6KForm 4
May 25, 2022Lanuza CesarPresident and CEOBuy1,800$38.22$68.8KForm 4
May 24, 2022Lanuza CesarPresident and CEOBuy184$37.29$6.9KForm 4

All 21 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
King Luther Capital Management Corp36,357,588$1.3B5.3%No change
Nantahala Capital Management, LLC989,162$27.1M0.8%+494,581
Dimensional Fund Advisors LP969,289$26.5M0.0%+32,138
BlackRock, Inc.685,564$18.8M0.0%+63,337
Vanguard Capital Management LLC379,771$10.4M0.0%−14,483
Royce & Associates LP344,238$9.4M0.1%−154,715
Schwartz Investment Counsel Inc317,047$8.7M0.3%+4,515
Gamco Investors, Inc. Et Al277,245$7.6M0.1%−2,700
Catawba River Capital247,874$6.8M3.0%+350
Geode Capital Management, LLC247,385$6.8M0.0%−3,727
State Street Corp225,157$6.2M0.0%+5,575
Agman Capital LLC217,133$5.9M3.7%No change
Norwood Investment Partners, LP155,488$4.3M5.9%No change
D. E. Shaw & Co., Inc.146,969$4.0M0.0%+87,153
Gabelli Funds LLC104,000$2.8M0.0%−6,000
Northern Trust Corp90,002$2.5M0.0%+2,561
Teton Advisors, LLC90,000$2.5M1.4%−3,500
Goldman Sachs Group Inc89,312$2.4M0.0%−60,921
Highlander Partners, L.P.85,899$2.3M0.8%No change
Morgan Stanley75,714$2.1M0.0%−16,928
Vanguard Portfolio Management LLC65,214$1.8M0.0%+7,142
Charles Schwab Investment Management Inc64,728$1.8M0.0%+933
Rangeley Capital, LLC63,000$1.7M1.6%+46,143
Vanguard Fiduciary Trust Co52,189$1.4M0.0%+2,630
XTX Topco Ltd49,843$1.4M0.0%+17,384

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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