Testequity was Distribution Solutions’s largest segment in fiscal 2025, bringing in $782.37M of $1.98B (40%).
| Segment | FY 2010 | FY 2016 | FY 2017 | FY 2019 | FY 2020 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Testequity | $392.36M | $641.64M | $770.87M | $782.37M | |||||
| Gexpro Services | $385.33M | $404.49M | $439.16M | $495.50M | |||||
| Lawson | $324.78M | $468.38M | $468.98M | $480.77M | |||||
| Mro | — | — | — | — | |||||
| Canada Branch Division | $48.96M | $55.89M | $125.10M | $221.39M | |||||
| Bolt | — | — | — | — | |||||
| Oem | — | — | — | — | |||||
| Total | $1.15B | $1.57B | $1.80B | $1.98B |
Distribution Solutions brought in $1.98B from its four segments in fiscal 2025, the year ended December 31, 2025. That was up 9.8% from $1.80B in fiscal 2024. Testequity was the largest at $782.37M (39.5%), ahead of Gexpro Services at $495.50M (25.0%) and Lawson at $480.77M (24.3%). The remaining segment, Canada Branch Division, brought in $221.39M.
Compared with fiscal 2024, Canada Branch Division grew fastest, up 77.0% to $221.39M. Every segment above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these segments grew from $1.15B to $1.98B, a compound annual growth rate of 19.8%. Testequity's share of the total rose from 34.1% to 39.5%.
United States was Distribution Solutions’s largest region in fiscal 2025, bringing in $1.46B of $1.98B (74%).
| Geography | FY 2010 | FY 2011 | FY 2012 | FY 2014 | FY 2016 | FY 2017 | FY 2019 | FY 2020 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $932.42M | $1.25B | $1.39B | $1.46B | ||||||||
| Latin America | $34.20M | $74.58M | $131.35M | $117.83M | ||||||||
| Canada | $118.72M | $141.13M | $192.21M | $293.00M | ||||||||
| Europe | $51.63M | $79.64M | $58.14M | $64.71M | ||||||||
| Pacific Rim | $10.77M | $13.52M | $20.58M | $32.25M | ||||||||
| Other | $3.68M | $9.84M | $14.01M | $14.73M | ||||||||
| Total | $1.15B | $1.57B | $1.81B | $1.98B |
Distribution Solutions brought in $1.98B from its six regions in fiscal 2025, the year ended December 31, 2025. That was up 9.8% from $1.81B in fiscal 2024. United States was the largest at $1.46B (73.6%), ahead of Canada at $293.00M (14.8%) and Latin America at $117.83M (5.9%). The other three regions brought in $111.68M combined.
Compared with fiscal 2024, Canada grew fastest, up 52.4% to $293.00M, while Latin America fell the most, down 10.3% to $117.83M. From fiscal 2022 to 2025, combined revenue from these regions grew from $1.15B to $1.98B, a compound annual growth rate of 19.9%. United States' share of the total fell from 81.0% to 73.6%.
Product Revenue was Distribution Solutions’s largest product and service line in fiscal 2019, bringing in $330.70M of $370.79M (89%).
| Product and Service | FY 2018 | FY 2019 |
|---|---|---|
| Product Revenue | $310.20M | $330.70M |
| Service Revenue | — | $40.09M |
| Total | $310.20M | $370.79M |
Distribution Solutions brought in $370.79M from its two product and service lines in fiscal 2019, the year ended December 31, 2019. Distribution Solutions regrouped these lines after fiscal 2018, so the total does not compare directly with that year's $310.20M. Product Revenue was the largest at $330.70M (89.2%), ahead of Service Revenue at $40.09M (10.8%).
Distribution Solutions began breaking out Service Revenue in fiscal 2019, when it brought in $40.09M.
Distribution Solutions (DSGR) reports its revenue by segment, by geography and by product and service. In fiscal 2025, Testequity was its largest segment, bringing in $782.37M (39.5% of the total), followed by Gexpro Services at $495.50M (25.0%).
Testequity was Distribution Solutions' largest segment in fiscal 2025, bringing in $782.37M, or 39.5% of the $1.98B total across its four segments.
United States was Distribution Solutions' largest region in fiscal 2025, bringing in $1.46B, or 73.6% of the $1.98B total across its six regions.
Product Revenue was Distribution Solutions' largest product and service line in fiscal 2019, bringing in $330.70M, or 89.2% of the $370.79M total across its two product and service lines.
Among Distribution Solutions' segments that make up at least 2% of revenue, Canada Branch Division grew fastest in fiscal 2025, up 77.0% from $125.10M to $221.39M.
Every figure comes from Distribution Solutions' annual financial filings, as reported. Each line keeps the name Distribution Solutions gives it, and years follow its fiscal calendar.
Distribution Solutions' revenue by segment goes back to fiscal 2010, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.