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Applied Industrial Technologies vs Distribution Solutions Group: AIT and DSGR compared
Applied Industrial Technologies is the larger company: $1.3B of revenue in its latest quarter (Q1 FY27) against $574M for Distribution Solutions Group (Q3 2026). Distribution Solutions Group is growing faster (+11% against +8% a year earlier). Applied Industrial Technologies is more profitable, with an operating margin of 11.1% against 4.4%.
Where the money goes: AIT and DSGR
Applied Industrial Technologies (AIT) · Q1 FY27
Applied Industrial Technologies, Q1 FY27: revenue $1.3B (+8% year over year), operating margin 11.1%, net earnings $110M, operating cash flow $86.4M. The chart follows the revenue to costs, profit and cash.
Distribution Solutions Group (DSGR) · Q3 2026
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 follows the revenue to costs, profit and cash.
| Applied Industrial Technologies (AIT) | Distribution Solutions Group (DSGR) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q3 2026 |
| Revenue | $1.3B | $574M |
| Revenue growth, Y/Y | +8% | +11% |
| Gross margin | 30.4% | 32.0% |
| Operating margin | 11.1% | 4.4% |
| Net earnings | $110M | $8.9M |
| Net margin | 8.6% | 1.6% |
| Operating cash flow | $86.4M | $18.7M |
| Free cash flow | $73.4M | $16.4M |
| Market value | $10.5B | $1.6B |
| P/E | 25.0× | 144.3× |
| Analysts’ mean target | $380.00 | $35.00 |
Where the revenue comes from
Applied Industrial Technologies
- Service Center: $815M (63%)
- Engineered Solutions: $476M (37%)
Distribution Solutions Group
- TestEquity: $242M (42%)
- Gexpro Services: $139M (24%)
- Lawson: $130M (23%)
- Canada Branch Division: $62.0M (11%)
Questions
Which is bigger, Applied Industrial Technologies or Distribution Solutions Group?
Applied Industrial Technologies is the larger company: $1.3B of revenue in its latest quarter (Q1 FY27) against $574M for Distribution Solutions Group (Q3 2026).
Is Applied Industrial Technologies or Distribution Solutions Group growing faster?
Distribution Solutions Group is growing faster (+11% against +8% a year earlier).
Which is more profitable, Applied Industrial Technologies or Distribution Solutions Group?
Applied Industrial Technologies is more profitable, with an operating margin of 11.1% against 4.4%.
More: Applied Industrial Technologies earnings · how Applied Industrial Technologies makes money · Distribution Solutions Group earnings · how Distribution Solutions Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 27, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.