Filing Flows › Distribution Solutions Group (DSGR) › Q3 2026 › vs Q2 2026
Distribution Solutions Group (DSGR) Q3 2026 vs Q2 2026 (quarter over quarter)
Distribution Solutions Group's revenue rose $15.9M (+3%) from $558M in Q2 2026 to $574M in Q3 2026. The biggest changes: TestEquity +$13.2M (+6%); Lawson +$4.8M (+4%); Canada Branch Division −$1.6M (-3%). Gross margin 32.0% against 32.3% (-0.3 pts).
Distribution Solutions Group, Q3 2026: revenue $574M (+11% year over year), operating margin 4.4%, net earnings $8.9M, operating cash flow $18.7M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 32.0% | 32.3% | -0.3 pts |
| Operating margin | 4.4% | 5.0% | -0.6 pts |
| Net margin | 1.6% | 1.5% | +0.0 pts |
| Free cash flow margin | 2.9% | 2.9% | -0.1 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| TestEquity | $242M | $229M | $13.2M | +6% |
| Gexpro Services | $139M | $140M | −$475K | -0.3% |
| Lawson | $130M | $125M | $4.8M | +4% |
| Canada Branch Division | $62.0M | $63.7M | −$1.6M | -3% |
| Revenue | $574M | $558M | $15.9M | +3% |
| Gross profit | $184M | $180M | $3.7M | +2% |
| Cost of revenue | $390M | $378M | $12.2M | +3% |
| Operating profit | $25.2M | $27.9M | −$2.6M | -9% |
| Operating expenses | $159M | $152M | $6.3M | +4% |
| Pre-tax earnings | $11.3M | $14.4M | −$3.1M | -22% |
| Other expense, net | $14.0M | $13.5M | $514K | +4% |
| Net earnings | $8.9M | $8.5M | $398K | +5% |
| Income tax | $2.4M | $5.9M | −$3.5M | -60% |
| Operating cash sources | $31.4M | $30.6M | $814K | +3% |
| Depreciation & amortization | $20.2M | $19.9M | $316K | +2% |
| Share-based compensation | $2.3M | $2.2M | $100K | +5% |
| Working capital & other | $12.6M | $8.6M | $4.1M | +47% |
| Operating cash flow | $18.7M | $22.0M | −$3.2M | -15% |
| Free cash flow (OCF − capex) | $16.4M | $16.4M | −$17K | -0.1% |
| Capital expenditures | $2.3M | $5.5M | −$3.2M | -58% |
Questions
How much did Distribution Solutions Group's revenue grow quarter over quarter in Q3 2026?
Distribution Solutions Group's revenue rose $15.9M (+3%) from $558M in Q2 2026 to $574M in Q3 2026.
What drove Distribution Solutions Group's revenue change in Q3 2026?
TestEquity +$13.2M (+6%); Lawson +$4.8M (+4%); Canada Branch Division −$1.6M (-3%).