DXP Enterprises (DXPE) financial statements
DXP Enterprises reported revenue of $2.0B in fiscal 2025, up 8.6% a year over 9 years.
Net income was $89M and the operating margin 8.8%, against 2.0% in 2016.
Free cash flow was $54M, and the company returned $90,000 in dividends and $17M in net buybacks.
The diluted share count rose 4% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from DXP Enterprises's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $962M | $1.0B | $1.2B | $1.3B | $1.0B | $1.1B | $1.5B | $1.7B | $1.8B | $2.0B |
| Cost of revenue | $697M | $735M | $883M | $915M | $728M | $785M | $1.1B | $1.2B | $1.2B | $1.4B |
| Gross profit | $265M | $272M | $336M | $350M | $277M | $329M | $422M | $505M | $556M | $636M |
| Selling, general and admin | $245M | $238M | $264M | $282M | $245M | $289M | $324M | $367M | $411M | $459M |
| Operating income | $19M | $33M | $72M | $67M | -$28M | $40M | $98M | $139M | $145M | $177M |
| Interest expense | $16M | $17M | $21M | $19M | $21M | $21M | $29M | $53M | $64M | $61M |
| Pre-tax income | $10M | $17M | $52M | $48M | -$48M | $19M | $66M | $87M | $85M | $119M |
| Income tax | $3M | $363,000 | $14M | $11M | -$19M | $3M | $18M | $18M | $14M | $31M |
| Net income | $8M | $17M | $38M | $37M | -$29M | $16M | $48M | $69M | $70M | $89M |
| EPS (diluted) | $0.49 | $0.93 | $2.08 | $2.01 | -$1.65 | $0.83 | $2.47 | $3.89 | $4.22 | $5.37 |
| Diluted shares | 16M | 18M | 18M | 18M | 18M | 20M | 19M | 18M | 17M | 17M |
| Gross margin | 27.5% | 27.0% | 27.6% | 27.7% | 27.6% | 29.5% | 28.5% | 30.1% | 30.9% | 31.5% |
| Operating margin | 2.0% | 3.3% | 5.9% | 5.3% | -2.8% | 3.6% | 6.6% | 8.3% | 8.1% | 8.8% |
| Net margin | 0.8% | 1.7% | 3.1% | 2.9% | -2.9% | 1.5% | 3.3% | 4.1% | 3.9% | 4.4% |
Balance sheet
Fiscal years, from DXP Enterprises's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $2M | $22M | $40M | $54M | $119M | $49M | $46M | $173M | $148M | $304M |
| Receivables | $149M | $167M | $196M | $189M | $167M | $218M | $321M | $311M | $339M | $398M |
| Inventory | $84M | $91M | $116M | $130M | $97M | $101M | $101M | $104M | $103M | $108M |
| Total current assets | $257M | $318M | $386M | $409M | $409M | $405M | $516M | $649M | $662M | $910M |
| Property, plant and equipment | $61M | $53M | $51M | $64M | $57M | $52M | $46M | $62M | $82M | $115M |
| Goodwill | $188M | $188M | $194M | $194M | $250M | $297M | $334M | $344M | $452M | $495M |
| Total assets | $602M | $639M | $704M | $789M | $868M | $894M | $1.0B | $1.2B | $1.3B | $1.7B |
| Total current liabilities | $167M | $125M | $143M | $139M | $147M | $181M | $213M | $224M | $244M | $272M |
| Long-term debt | $173M | $239M | $237M | $235M | $317M | $315M | $409M | $521M | $622M | $818M |
| Total liabilities | $350M | $371M | $386M | $434M | $507M | $548M | $672M | $797M | $927M | $1.2B |
| Shareholders' equity | $252M | $268M | $307M | $354M | $360M | $347M | $365M | $381M | $423M | $498M |
| Net debt | $223M | $220M | $200M | $184M | $201M | $270M | $368M | $353M | $480M | $523M |
Cash flow
Fiscal years, from DXP Enterprises's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $48M | $13M | $36M | $41M | $110M | $37M | $6M | $106M | $102M | $94M |
| Capital spending | $5M | $3M | $9M | $22M | $7M | $6M | $5M | $12M | $25M | $40M |
| Free cash flow | $43M | $10M | $27M | $19M | $103M | $31M | $978,000 | $94M | $77M | $54M |
| Stock-based compensation | $4M | $2M | $3M | $2M | $4M | $2M | $2M | $3M | $5M | $6M |
| Dividends paid | $90,000 | $90,000 | $90,000 | $90,000 | $90,000 | $90,000 | $90,000 | $90,000 | $90,000 | $90,000 |
| Share buybacks (net) | — | — | — | $0 | $0 | -$34M | -$48M | -$56M | -$29M | -$17M |
| Net borrowing | -$126M | $26M | -$3M | -$4M | $86M | -$3M | $101M | $120M | $99M | — |
| Free cash flow margin | 4.5% | 1.0% | 2.2% | 1.5% | 10.2% | 2.8% | 0.1% | 5.6% | 4.3% | 2.7% |
| Dividends per share | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 |
Questions
What was DXP Enterprises's revenue in 2025?
$2.0B in fiscal 2025, from its 10-K filing.
How much free cash flow does DXP Enterprises generate?
$54M in fiscal 2025 (operating cash flow minus capital spending).
From DXP Enterprises's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.