NASDAQ : DXPE
DXP Enterprises, Inc. — Financial statements
Industrials · Industrial Distribution · United States
Last price 179.3 USD (Nov 2, 2026, 10:24 AM EST) · Market cap 2.78B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
DXP Enterprises, Inc. (DXPE) reported revenue of 2.14B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.14B | 2.02B | 1.80B | 1.68B | 1.48B | 1.11B |
| Cost of Revenue | 1.46B | 1.38B | 1.25B | 1.17B | 1.06B | 785.41M |
| Gross Profit | 679.52M | 635.93M | 556.28M | 505.29M | 422.04M | 328.51M |
| Selling, General & Admin | 488.09M | 457.26M | 410.89M | 366.57M | 324.29M | 288.65M |
| Operating Expenses | 488.09M | 457.26M | 410.89M | 366.57M | 324.29M | 288.65M |
| Operating Income | 191.44M | 178.67M | 145.38M | 138.72M | 97.75M | 39.86M |
| Interest Expense | -64.40M | -60.53M | -63.93M | -53.15M | -29.14M | -21.09M |
| Interest & Investment Income | 4.31M | 3.58M | 4.77M | 2.68M | 191.00K | |
| Other Non Operating Income (Expenses) | -53.00K | 709.00K | -504.00K | 413.00K | -596.00K | 414.00K |
| EBT Excluding Unusual Items | 131.29M | 122.43M | 85.72M | 88.67M | 68.21M | 19.18M |
| Merger & Restructuring Charges | -3.10M | -1.80M | ||||
| Other Unusual Items | -1.39M | -1.41M | -745.00K | -1.74M | -2.31M | |
| Pretax Income | 126.80M | 119.22M | 84.97M | 86.93M | 65.90M | 19.18M |
| Income Tax Expense | 33.64M | 30.55M | 14.48M | 18.12M | 17.80M | 3.43M |
| Earnings From Continuing Operations | 93.16M | 88.68M | 70.49M | 68.81M | 48.10M | 15.75M |
| Minority Interest in Earnings | 53.00K | 745.00K | ||||
| Net Income | 93.16M | 88.68M | 70.49M | 68.81M | 48.16M | 16.50M |
| Preferred Dividends & Other Adjustments | 90.00K | 90.00K | 90.00K | 90.00K | 90.00K | 90.00K |
| Net Income to Common | 93.07M | 88.59M | 70.40M | 68.72M | 48.06M | 16.41M |
| Shares Outstanding (Basic) | 15.58M | 15.67M | 15.86M | 16.87M | 18.63M | 18.95M |
| Shares Outstanding (Diluted) | 16.42M | 16.51M | 16.70M | 17.71M | 19.47M | 19.79M |
| EPS (Basic) | 5.97 | 5.65 | 4.44 | 4.07 | 2.58 | 0.87 |
| EPS (Diluted) | 5.67 | 5.37 | 4.22 | 3.89 | 2.47 | 0.83 |
| Free Cash Flow | 118.66M | 53.98M | 77.14M | 93.96M | 978.00K | 31.09M |
| Free Cash Flow Per Share | 7.23 | 3.27 | 4.62 | 5.30 | 0.05 | 1.57 |
| Gross Margin | 31.77% | 31.54% | 30.87% | 30.10% | 28.50% | 29.49% |
| Operating Margin | 8.95% | 8.86% | 8.07% | 8.26% | 6.60% | 3.58% |
| Profit Margin | 4.35% | 4.39% | 3.91% | 4.09% | 3.25% | 1.47% |
| Free Cash Flow Margin | 5.55% | 2.68% | 4.28% | 5.60% | 0.07% | 2.79% |
| EBITDA | 235.92M | 217.52M | 178.79M | 168.83M | 126.25M | 67.00M |
| EBITDA Margin | 11.03% | 10.79% | 9.92% | 10.06% | 8.53% | 6.02% |
| D&A For EBITDA | 44.48M | 38.85M | 33.41M | 30.11M | 28.50M | 27.14M |
| EBIT | 191.44M | 178.67M | 145.38M | 138.72M | 97.75M | 39.86M |
| EBIT Margin | 8.95% | 8.86% | 8.07% | 8.26% | 6.60% | 3.58% |
| Effective Tax Rate | 26.53% | 25.62% | 17.04% | 20.84% | 27.01% | 17.89% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 226.62M | 303.78M | 148.32M | 173.12M | 46.03M | 48.99M |
| Cash & Short-Term Investments | 226.62M | 303.78M | 148.32M | 173.12M | 46.03M | 48.99M |
| Accounts Receivable | 498.90M | 451.36M | 390.10M | 353.49M | 344.47M | 235.33M |
| Other Receivables | 9.75M | |||||
| Receivables | 498.90M | 451.36M | 390.10M | 353.49M | 344.47M | 245.08M |
| Inventory | 121.39M | 108.14M | 103.11M | 103.81M | 101.39M | 100.89M |
| Prepaid Expenses | 41.91M | 47.03M | 20.25M | 18.04M | 24.14M | 9.52M |
| Restricted Cash | 91.00K | 91.00K | 91.00K | 91.00K | ||
| Total Current Assets | 888.82M | 910.32M | 661.87M | 648.55M | 516.11M | 404.57M |
| Property, Plant & Equipment | 192.25M | 189.53M | 128.12M | 110.35M | 103.37M | 109.10M |
| Goodwill | 560.53M | 494.56M | 452.34M | 343.99M | 333.76M | 296.54M |
| Other Intangible Assets | 116.45M | 81.35M | 85.68M | 63.90M | 79.58M | 79.20M |
| Other Long-Term Assets | 11.47M | 9.39M | 21.47M | 10.65M | 4.46M | 4.81M |
| Total Assets | 1.77B | 1.69B | 1.35B | 1.18B | 1.04B | 894.23M |
| Accounts Payable | 133.72M | 116.77M | 103.73M | 96.47M | 92.81M | 77.84M |
| Accrued Expenses | 50.85M | 51.18M | 41.65M | 36.24M | 26.26M | 23.01M |
| Current Portion of Long-Term Debt | 8.58M | 8.58M | 6.59M | 5.50M | 4.37M | 3.30M |
| Current Portion of Leases | 19.52M | 26.70M | 20.24M | 18.77M | 18.08M | 18.20M |
| Current Unearned Revenue | 21.63M | 15.69M | 12.66M | 9.51M | 10.41M | 3.58M |
| Other Current Liabilities | 62.63M | 53.57M | 59.11M | 57.69M | 60.97M | 55.13M |
| Total Current Liabilities | 296.95M | 272.48M | 243.98M | 224.16M | 212.90M | 181.06M |
| Long-Term Debt | 816.37M | 818.48M | 621.68M | 520.70M | 409.20M | 315.40M |
| Long-Term Leases | 54.53M | 70.73M | 44.21M | 42.91M | 40.19M | 39.92M |
| Long-Term Deferred Tax Liabilities | 7.52M | |||||
| Other Long-Term Liabilities | 60.92M | 25.03M | 16.82M | 8.78M | 9.59M | 3.60M |
| Total Liabilities | 1.23B | 1.19B | 926.71M | 796.56M | 671.89M | 547.50M |
| Common Stock | 204.00K | 204.00K | 204.00K | 345.00K | 345.00K | 195.00K |
| Additional Paid-In Capital | 217.30M | 220.68M | 219.51M | 216.48M | 213.94M | 206.77M |
| Retained Earnings | 526.90M | 478.26M | 389.67M | 319.27M | 250.55M | 202.48M |
| Treasury Stock | -170.11M | -170.11M | -153.00M | -124.00M | -67.78M | -33.51M |
| Comprehensive Income & Other | -33.56M | -30.61M | -33.61M | -31.24M | -31.68M | -29.28M |
| Total Common Equity | 540.73M | 498.42M | 422.77M | 380.86M | 365.38M | 346.66M |
| Minority Interest | 53.00K | |||||
| Shareholders' Equity | 540.74M | 498.44M | 422.79M | 380.88M | 365.39M | 346.73M |
| Total Liabilities & Equity | 1.77B | 1.69B | 1.35B | 1.18B | 1.04B | 894.23M |
| Total Debt | 899.00M | 924.49M | 692.74M | 587.88M | 471.85M | 376.82M |
| Net Cash (Debt) | -672.38M | -620.70M | -544.41M | -414.75M | -425.82M | -327.83M |
| Net Cash Per Share | -40.95 | -37.60 | -32.60 | -23.42 | -21.87 | -16.57 |
| Filing Date Shares Outstanding | 15.52M | 15.52M | 15.70M | 16.18M | 17.73M | 18.61M |
| Total Common Shares Outstanding | 15.51M | 15.51M | 15.70M | 16.18M | 17.69M | 18.58M |
| Working Capital | 591.87M | 637.84M | 417.89M | 424.39M | 303.21M | 223.51M |
| Book Value Per Share | 34.87 | 32.13 | 26.94 | 23.54 | 20.65 | 18.66 |
| Tangible Book Value | -136.25M | -77.49M | -115.25M | -27.02M | -47.97M | -29.09M |
| Tangible Book Value Per Share | -8.79 | -4.99 | -7.34 | -1.67 | -2.71 | -1.57 |
| Land | 1.70M | 1.70M | 2.02M | 2.02M | 2.02M | |
| Buildings | 37.67M | 32.65M | 29.84M | 27.64M | 28.27M | |
| Machinery | 177.05M | 137.06M | 113.94M | 109.05M | 114.02M | |
| Order Backlog | 325.00M | 292.20M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 93.16M | 88.68M | 70.49M | 68.81M | 48.16M | 16.50M |
| Depreciation & Amortization | 44.48M | 38.85M | 33.41M | 30.11M | 28.50M | 27.14M |
| Other Amortization | 4.37M | 4.04M | 3.65M | 2.99M | 1.84M | 1.56M |
| Loss (Gain) From Sale of Assets | 78.00K | -491.00K | -282.00K | |||
| Loss (Gain) From Sale of Investments | 1.19M | |||||
| Stock-Based Compensation | 6.18M | 5.71M | 4.71M | 3.07M | 1.85M | 1.82M |
| Provision & Write-off of Bad Debts | 1.37M | 220.00K | -887.00K | -885.00K | 659.00K | 67.00K |
| Other Operating Activities | 15.31M | 16.15M | -9.98M | -3.94M | -6.06M | 5.85M |
| Change in Accounts Receivable | -44.04M | -44.57M | -21.06M | -5.43M | -100.37M | -39.74M |
| Change in Inventory | -5.33M | 1.04M | 8.43M | -2.03M | 2.07M | -5.29M |
| Change in Accounts Payable | 14.39M | 532.00K | -3.47M | 2.14M | 35.97M | 27.00M |
| Change in Unearned Revenue | -7.00M | 2.95M | 3.26M | -916.00K | 6.86M | -772.00K |
| Change in Income Taxes | 886.00K | -30.98M | 9.01M | 2.81M | ||
| Change in Other Net Operating Assets | 10.74M | 12.14M | 4.65M | 9.48M | -14.77M | 3.23M |
| Operating Cash Flow | 134.60M | 94.26M | 102.21M | 106.22M | 5.89M | 37.09M |
| Capital Expenditures | -15.94M | -40.29M | -25.07M | -12.26M | -4.92M | -6.00M |
| Sale of Property, Plant & Equipment | 567.00K | 2.71M | 1.67M | |||
| Cash Acquisitions | -160.76M | -61.67M | -156.62M | -10.38M | -48.51M | -64.69M |
| Investing Cash Flow | -176.13M | -99.25M | -181.69M | -22.65M | -53.42M | -69.02M |
| Short-Term Debt Issued | 6.00M | 7.87M | 827.15M | |||
| Long-Term Debt Issued | 848.00M | 649.50M | 550.00M | 105.00M | ||
| Total Debt Issued | 848.00M | 848.00M | 655.50M | 557.87M | 932.15M | |
| Short-Term Debt Repaid | -6.00M | -7.87M | -827.15M | |||
| Long-Term Debt Repaid | -656.69M | -554.47M | -431.86M | -3.57M | -3.30M | |
| Total Debt Repaid | -658.42M | -656.69M | -560.47M | -439.73M | -830.72M | -3.30M |
| Net Debt Issued (Repaid) | 189.58M | 191.32M | 95.03M | 118.14M | 101.43M | -3.30M |
| Repurchase of Common Stock | -23.97M | -21.65M | -30.83M | -56.74M | -48.16M | -34.15M |
| Preferred Dividends Paid | -90.00K | -90.00K | -90.00K | -90.00K | -90.00K | -90.00K |
| Dividends Paid | -90.00K | -90.00K | -90.00K | -90.00K | -90.00K | -90.00K |
| Other Financing Activities | -9.03M | -10.71M | -7.31M | -17.73M | -8.87M | -955.00K |
| Financing Cash Flow | 156.49M | 158.87M | 56.80M | 43.58M | 44.31M | -38.49M |
| Foreign Exchange Rate Adjustments | -1.27M | 1.49M | -2.12M | -60.00K | 253.00K | 88.00K |
| Net Cash Flow | 113.69M | 155.37M | -24.80M | 127.09M | -2.96M | -70.34M |
| Free Cash Flow | 118.66M | 53.98M | 77.14M | 93.96M | 978.00K | 31.09M |
| Free Cash Flow Margin | 5.55% | 2.68% | 4.28% | 5.60% | 0.07% | 2.79% |
| Free Cash Flow Per Share | 7.23 | 3.27 | 4.62 | 5.30 | 0.05 | 1.57 |
| Levered Free Cash Flow | 74.08M | 9.23M | 46.74M | 81.49M | -13.45M | 2.38M |
| Unlevered Free Cash Flow | 109.96M | 43.02M | 83.04M | 111.72M | 2.92M | 14.00M |
| Cash Interest Paid | 57.10M | 53.70M | 67.00M | 48.95M | 25.32M | 19.53M |
| Cash Income Tax Paid | 6.77M | 36.40M | 20.43M | 21.84M | 26.18M | 6.12M |
| Change in Working Capital | -30.35M | -58.89M | 826.00K | 6.07M | -70.24M | -15.57M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.70B | 1.72B | 1.30B | 545.15M | 516.97M | 481.33M |
| Enterprise Value | 3.38B | 2.29B | 1.84B | 979.95M | 911.58M | 791.42M |
| Last Close Price | 174.28 | 109.79 | 82.62 | 33.70 | 27.55 | 25.67 |
| PE Ratio | 30.71 | 19.43 | 18.42 | 7.93 | 10.76 | 29.34 |
| Forward PE | 24.24 | 17.74 | 19.67 | 11.01 | 14.50 | 27.90 |
| PS Ratio | 1.26 | 0.85 | 0.72 | 0.33 | 0.35 | 0.43 |
| PB Ratio | 5.00 | 3.45 | 3.07 | 1.43 | 1.42 | 1.39 |
| P/FCF Ratio | 22.79 | 31.89 | 16.81 | 5.80 | 528.60 | 15.48 |
| P/OCF Ratio | 20.09 | 18.26 | 12.69 | 5.13 | 87.71 | 12.98 |
| PEG Ratio | 0.99 | 1.37 | 1.37 | 1.37 | 1.37 | 1.37 |
| EV/Sales Ratio | 1.58 | 1.13 | 1.02 | 0.58 | 0.62 | 0.71 |
| EV/EBITDA Ratio | 14.31 | 10.51 | 10.27 | 5.80 | 7.22 | 11.81 |
| EV/EBIT Ratio | 17.64 | 12.79 | 12.63 | 7.06 | 9.32 | 19.86 |
| EV/FCF Ratio | 28.46 | 42.34 | 23.80 | 10.43 | 932.08 | 25.46 |
| Debt / Equity Ratio | 1.66 | 1.85 | 1.64 | 1.54 | 1.29 | 1.09 |
| Debt / EBITDA Ratio | 3.46 | 3.84 | 3.46 | 3.09 | 3.13 | 4.14 |
| Debt / FCF Ratio | 7.58 | 17.13 | 8.98 | 6.26 | 482.46 | 12.12 |
| Net Debt / Equity Ratio | 1.24 | 1.25 | 1.29 | 1.09 | 1.17 | 0.95 |
| Net Debt / EBITDA Ratio | 2.85 | 2.85 | 3.04 | 2.46 | 3.37 | 4.89 |
| Net Debt / FCF Ratio | 5.67 | 11.50 | 7.06 | 4.41 | 435.40 | 10.54 |
| Asset Turnover | 1.34 | 1.33 | 1.43 | 1.52 | 1.53 | 1.26 |
| Inventory Turnover | 12.57 | 13.07 | 12.04 | 11.44 | 10.47 | 7.93 |
| Quick Ratio | 2.44 | 2.77 | 2.21 | 2.35 | 1.83 | 1.62 |
| Current Ratio | 2.99 | 3.34 | 2.71 | 2.89 | 2.42 | 2.23 |
| Return on Equity (ROE) | 18.47% | 19.25% | 17.54% | 18.44% | 13.51% | 4.45% |
| Return on Assets (ROA) | 7.52% | 7.36% | 7.19% | 7.83% | 6.33% | 2.83% |
| Return on Invested Capital (ROIC) | 11.65% | 12.74% | 13.68% | 13.84% | 9.74% | 5.07% |
| Return on Capital Employed (ROCE) | 13.00% | 12.60% | 13.20% | 14.60% | 11.90% | 5.60% |
| Earnings Yield | 3.26% | 5.15% | 5.44% | 12.62% | 9.31% | 3.43% |
| FCF Yield | 4.39% | 3.14% | 5.95% | 17.24% | 0.19% | 6.46% |
| Payout Ratio | 0.10% | 0.13% | 0.13% | 0.19% | 0.55% | |
| Buyback Yield / Dilution | 0.80% | 1.16% | 5.70% | 9.04% | 1.61% | -11.50% |