DXPENasdaqWholesale-Industrial Machinery & EquipmentFiscal year ends December 31
DXP ENTERPRISES INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$178.99+3.20 (+1.82%)
Close on Oct 19, 2026
- Market cap
- $2.93B
- P/E (TTM)
- 31.5
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
31.5%+4.0 pts over 5 years
Operating margin
8.8%+11.5 pts over 5 years
Net margin
4.4%+7.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +11.9% | +10.8% | +14.9% | +4.9% | |
| Gross profit | +14.3% | +14.6% | +18.1% | +6.1% | |
| Operating income | +21.7% | +21.9% | – | – | |
| Net income | +25.8% | +22.6% | – | – | |
| EPS, diluted | +27.3% | +29.5% | – | – | |
| Free cash flow | -30.0% | +280.7% | -12.1% | -4.4% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 3.4% | -8.2% | 19.3% | |
| Return on assets | 1.2% | -3.5% | 5.8% | |
| Current ratio | 1.54 | 2.78 | 3.34 | |
| Debt to equity | 0.89 | 0.89 | 1.66 | |
| Interest coverage | 1.2× | -1.3× | 2.9× | |
| Inventory turnover | 7.4× | 6.4× | 13.1× | |
| Capex to revenue | 0.5% | 0.7% | 2.0% | |
| Diluted shares | 16M | 18M | 17M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Dxp Enterprises generated $345.68M from operations and spent $272.70M on capital expenditure, dividends and share buybacks. 32% of that went back into the business.
Generated
$345.68M
Used
$272.70M
Capital expenditure$88.53M32%Dividends$450.00K0%Share buybacks$183.71M67%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin4.4%
×Asset turnover1.33×
×Equity multiplier3.29×
=Return on equity, FY202519.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 4.4% | 1.33× | 3.29× | 19.3% |
| FY2024 | 3.9% | 1.43× | 3.14× | 17.5% |
| FY2023 | 4.1% | 1.52× | 2.97× | 18.4% |
| FY2022 | 3.3% | 1.53× | 2.71× | 13.5% |
| FY2021 | 1.5% | 1.26× | 2.49× | 4.7% |
| FY2020 | -2.9% | 1.21× | 2.32× | -8.2% |
| FY2019 | 2.9% | 1.69× | 2.26× | 11.2% |
| FY2018 | 3.1% | 1.82× | 2.34× | 13.3% |
| FY2017 | 1.7% | 1.62× | 2.39× | 6.5% |
| FY2016 | 0.8% | 1.50× | 2.87× | 3.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$88.68M
- Cash generatingOperating cash flow above zero$94.26M
- Return on assets improvedROA up on the prior year6.0% → 6.6%
- Earnings backed by cashOperating cash flow above net income$94.26M vs $88.68M
- Less leverageLong-term debt to assets fell46.1% → 48.6%
- Better liquidityCurrent ratio rose2.71 → 3.34
- No dilutionShare count did not rise17M → 17M
- Gross margin improvedGross margin up on the prior year30.87% → 31.54%
- More efficientAsset turnover rose1.53 → 1.49