CompanyGraph
DSV A/S
DSV · Nasdaq Copenhagen · Denmark
Price data from its 0JN9 listing on LSE
dsv.comFinancials as of FY2025
DSV coordinates the movement and storage of other companies' goods across air, sea and road transport and warehousing networks, earning fees for that coordination rather than owning the goods it moves.
- Depends onMidstream position: 7 outgoing, 7 incoming connections
- ScaleMarket cap is $60.98B, higher than 95% of all stocks globally
- FinancialsAltman Z-Score 2.97: safe zone
- Interpretations2 currently firing — 2
What this company is and how it runs — written from structure, not news.
The system sits between upstream providers and downstream customers, with a comparable number of connections running each way rather than concentrated at one end of a chain. CompanyGraph reads it as combining two functions: matching customer shipments to available transport and storage capacity, and directly running part of that movement and storage itself across different transport modes and dedicated logistics facilities.
DSV earns money by charging fees to plan, arrange and physically carry out the movement and storage of goods that belong to its customers, working across several transport modes and dedicated contract logistics facilities rather than owning the freight itself. Cash generated from its operations has run ahead of its reported net income, a pattern read from its financial statements rather than from a breakdown of revenue by activity.
DSV's own account of its recent history describes scale increasing in large discrete steps through acquiring other freight-forwarding networks, including one transaction it describes as sharply enlarging the company, alongside more gradual activity and at least one subsequent disposal of part of what was acquired. Free cash flow has also run large relative to the size of both its asset base and its equity base compared with industry norms, and its market value positions it as a large company within its classification, though no peer ranking is on file to place it more precisely.
DSV's own materials state that operating its freight-forwarding business, at least in the United States, depends on holding specific government and industry registrations, including a maritime freight-forwarding licence and bond, a customs broker status, and registration with an international air-transport trade association. CompanyGraph's map of its supply-chain connections separately shows a number of distinct upstream links, without identifying who or what sits on the other end of them.
DSV's own materials describe its customers as businesses that reach it either through a freight-forwarding relationship or through a self-service digital platform used to request quotes, book and track shipments, and manage shipping documents, invoices and insurance claims. CompanyGraph's map of its supply-chain connections shows a comparable number of downstream links to upstream ones, but does not identify which businesses or industries they represent, and no customer-concentration information is on file.
CompanyGraph counts a large number of other companies that run the same basic kind of system for coordinating the flow of goods that DSV does, without naming them, which places this operating shape among common ones rather than rare ones. CompanyGraph does not have evidence here about what, if anything, in DSV's specific execution of this shape would be difficult for competitors to replicate, so that part of the question is left open.
CompanyGraph classifies DSV within an industry pattern where scale is normally limited by the fixed throughput capacity of the transport and facility network run at any given time, and by how well that capacity is kept running and supplied with volume. This is a general pattern tested against companies of this kind rather than a measurement of DSV itself, since nothing in the company's own materials on file confirms what specifically limits its scale.
In its own materials, DSV names specific outside authorities its United States operations answer to, including a maritime freight-forwarding licence and bond, a customs broker status, and registration with an international air-transport trade association. Companies that convert fixed transport and facility capacity into throughput at scale are generally exposed to pressure from how fully that capacity is used and from the cost of keeping it running, though CompanyGraph has not measured that specific pressure for DSV.
Read from the company's own filings and public materials (gathered August 2026) together with figures CompanyGraph recomputed from its statements. Written September 2026. A question with no evidence behind it is left out rather than answered.
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Sign inWhat the company actually pays, and whether its own cash supports it.
The reported statements, read against the company's own industry.
2 interpretations currently present — each is a set of fired observations whose alignment reads as one structural pattern. Click an observation to see the numbers behind it.
Screen for these patternsHow does this company use capital?
FCF Ratios Elevated
Its free cash flow is large next to assets and equity, and more of its operating cash reaches it than in its industry.
How is this stock valued?
Close Below 40W SMA With Profitability
The price sits below its 40-week average, on three profitable years and cash above profit.
An interpretation is present only while every observation it reads stays fired (score ≥ 70). It describes what the aligned readings show — never a verdict, never a prediction.
Shared structure with peers — never a ranking.
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Financial Health
Supply Chain
Scale
Companies that share the same coordination system — how they create, deliver, or capture value.
Companies that share active interpretations — structural patterns currently present in both stocks.