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DXPE

DXP Enterprises, Inc.

DXPE

DXP Enterprises, Inc. • NASDAQ
$93.99 ▼ -0.19% (-0.18)
Market Cap $1.48 B
52w High $130.97
52w Low $67.68
Dividend Yield 0%
P/E 17.83
Volume 108.96K
Outstanding Shares 15.69M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $513.724M ▲ $116.804M ▲ $21.631M ▼ 4.211% ▼ $1.38 ▼ $54.266M ▼
Q2-2025 $498.682M ▲ $111.827M ▲ $23.612M ▲ 4.735% ▲ $1.5 ▲ $55.83M ▲
Q1-2025 $476.569M ▲ $109.75M ▲ $20.589M ▼ 4.32% ▼ $1.31 ▼ $50.967M ▲
Q4-2024 $470.914M ▼ $109.201M ▲ $21.363M ▲ 4.536% ▲ $1.36 ▲ $48.984M ▲
Q3-2024 $472.935M $106.502M $21.101M 4.462% $1.34 $48.168M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $123.829M ▲ $1.444B ▲ $956.115M ▲ $488.339M ▲
Q2-2025 $112.93M ▼ $1.412B ▲ $944.302M ▲ $468.092M ▲
Q1-2025 $114.283M ▼ $1.383B ▲ $937.853M ▲ $444.659M ▲
Q4-2024 $148.32M ▲ $1.349B ▲ $926.706M ▲ $422.788M ▲
Q3-2024 $35M $1.231B $829.077M $402.368M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $21.631M ▼ $34.886M ▲ $-17.328M ▼ $-6.6M ▲ $10.899M ▲ $28.146M ▲
Q2-2025 $23.612M ▲ $18.646M ▲ $-11.34M ▲ $-9.511M ▼ $-1.353M ▲ $8.3M ▲
Q1-2025 $20.589M ▼ $2.973M ▼ $-30.065M ▼ $-7.083M ▼ $-34.128M ▼ $-16.941M ▼
Q4-2024 $21.363M ▲ $32.143M ▲ $-16.579M ▲ $99.187M ▲ $113.32M ▲ $22.748M ▼
Q3-2024 $21.101M $28.344M $-34.377M $-7.381M $-14.935M $24.39M

Revenue by Products

Product Q2-2024Q3-2024Q4-2024Q1-2025
Innovative Pumping Solutions
Innovative Pumping Solutions
 $70.00M ▲$90.00M ▲$170.00M ▲$90.00M ▼
Service Centers
Service Centers
 $310.00M ▲$320.00M ▲$620.00M ▲$330.00M ▼
Supply Chain Services
Supply Chain Services
 $70.00M ▲$70.00M ▲$130.00M ▲$60.00M ▼

Five-Year Company Overview

Income Statement

Income Statement DXP’s income statement tells a story of steady improvement and scaling up. Sales have grown each year over the past five years, moving from a tough, loss-making year in 2020 to solid, consistent profitability more recently. Profit margins at each level – gross, operating, and net – have all improved, showing better pricing, mix, and cost control. Earnings per share have climbed severalfold since 2020, reflecting both higher profits and better operational efficiency. The flip side is that the business is still tied to cyclical industrial and energy markets, so results could soften in a downturn, but the recent trend shows a company that has become meaningfully more profitable and resilient than it was earlier in the decade.

Balance Sheet

Balance Sheet The balance sheet has expanded over the last five years as DXP has grown, likely helped by acquisitions. Total assets have increased steadily, and shareholders’ equity has also edged up, supported by retained profits. Debt has risen as well, which means the company is using leverage to fund growth. This creates a trade-off: it accelerates expansion but adds financial risk if markets weaken. Cash on hand has improved compared with the earlier years, though it is not large relative to total assets, which is typical for a distributor that puts capital into inventory and receivables. Overall, the balance sheet looks stronger than it did in 2020 but is more leveraged, so ongoing discipline around debt levels and integration of acquired businesses remains important.

Cash Flow

Cash Flow DXP’s cash flow profile is generally solid for a distributor. The company has generated positive operating cash flow in each of the past five years, with only one year showing very thin conversion. Free cash flow has been positive in most years, helped by relatively modest capital spending needs – this is not a capital-intensive manufacturer. That means more of its earnings can be used for debt reduction, acquisitions, or other corporate needs rather than heavy reinvestment in physical assets. However, cash flow can swing from year to year as working capital (inventory and receivables) moves with the business cycle and acquisitions. On balance, the company appears capable of supporting its current level of debt, but it does not have unlimited room for missteps if end markets soften sharply.

Competitive Edge

Competitive Edge DXP operates in a competitive but fragmented industrial distribution market, and it differentiates itself by being more than a parts reseller. Its strength lies in deep technical expertise in areas like rotating equipment, pumps, and power transmission, allowing it to act as an engineering partner rather than just a catalog provider. The three-segment structure – local service centers, embedded supply chain services, and highly engineered pumping solutions – lets DXP serve customers across day-to-day MRO needs and complex, custom projects. Services like on-site storeroom management and integrated supply programs make DXP tightly embedded in customer operations, raising switching costs and strengthening relationships. Against larger national distributors and digital-only players, DXP’s edge is this combination of technical know-how, custom solutions, and hands-on service. The main risks are exposure to cyclical industrial and energy markets and the need to continually execute well on its acquisition-driven growth strategy.

Innovation and R&D

Innovation and R&D DXP’s innovation is less about traditional laboratory R&D and more about applied technology, digital tools, and engineered solutions. Its SmartSolutions offerings, including SmartSource and maintenance management software, embed DXP directly into customers’ supply chains and maintenance processes. These tools help customers manage inventory, schedule maintenance, reduce downtime, and bring more data and visibility into their operations. The company is also pushing digital transformation through cloud-based supply chain platforms and B2B e-commerce, which can deepen customer ties and improve efficiency. On the product side, the Innovative Pumping Solutions segment provides customized, engineered pump packages and related services, showcasing DXP’s ability to design and deliver complex systems rather than just components. Increasing focus on environmental and sustainability-related solutions – such as water and wastewater applications and energy efficiency – adds another future-oriented angle. The key execution challenge is integrating new technologies and capabilities from acquisitions and continuously updating these digital and engineered offerings to stay ahead of competitors.

Summary

DXP Enterprises has moved from a difficult, loss-making position in 2020 to a meaningfully stronger, profitable business in recent years. The income statement now reflects sustained growth and improved margins, while the balance sheet shows a larger, more capable company that does carry higher leverage. Cash generation has generally been supportive of this growth, though it remains sensitive to working capital swings and acquisition activity. Strategically, DXP’s competitive identity is built on technical expertise, engineered pumping solutions, and integrated supply chain services that make it a critical partner rather than a simple distributor. Innovation is delivered mainly through digital platforms, on-site service models, and custom engineering, rather than through heavy internal R&D labs. Key things to watch going forward include how well DXP manages its debt, integrates acquisitions, navigates industrial cycles, and continues to develop digital and ESG-focused solutions that keep its value proposition differentiated in a crowded distribution market.

NEWS

November 6, 2025 · 8:00 AM UTC

DXP Enterprises, Inc. Reports Third Quarter 2025 Results

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November 3, 2025 · 5:25 PM UTC

DXP Enterprises, Inc. Announces Acquisition of Triangle Pump & Equipment, Inc.

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November 3, 2025 · 8:00 AM UTC

DXP Enterprises, Inc. Announces Third Quarter 2025 Earnings Release and Conference Call

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October 3, 2025 · 2:26 PM UTC

DXP Enterprises, Inc. Announces Acquisition of APSCO, LLC

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