DXP ENTERPRISES INC DXPE
Founded in 1908, DXP Enterprises, Inc. (together with our subsidiaries, hereinafter referred to as "DXP" or the "Company" or by the terms such as we, our, or us) was incorporated in Texas in 1996 to be the successor to SEPCO Industries, Inc. Since our predecessor company was founded, we have primarily been engaged in the business of distributing maintenance, repair and operating ("MRO") products, equipment and service to customers in a variety of end markets including the general industrial, energy, food & beverage, chemical, transportation, water and wastewater. The Company is organized into three business segments: Service Centers ("SC"), Innovative Pumping Solutions ("IPS") and Supply Chain Services ("SCS"). Sales, income from operations, total assets, and other financial information for our business segments are presented in Note 20 – Segment Reporting to the Consolidated Financial Statements in Item 8. Financial Statements and Supplementary Data.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.02B | $1.80B | $1.68B | $1.48B | $1.11B | $1.01B | $1.26B | $1.22B | $1.01B | $962.1M |
| Cost of revenue | $1.38B | $1.25B | $1.17B | $1.06B | $785.4M | $728.1M | $915.1M | $882.9M | $735.2M | $697.3M |
| Gross profit | $635.9M | $556.3M | $505.3M | $422.0M | $328.5M | $277.2M | $349.8M | $335.8M | $271.6M | $264.8M |
| SG&A | $459.1M | $410.9M | $366.6M | $324.3M | $288.6M | $245.0M | $282.4M | $263.8M | $238.1M | $245.5M |
| Operating income | $176.9M | $145.4M | $138.7M | $97.8M | $39.9M | -$27.7M | $67.4M | $72.1M | $33.5M | $19.3M |
| Interest expense | $60.5M | $63.9M | $53.1M | $29.1M | $21.1M | $20.6M | $19.5M | $20.9M | $17.1M | $15.6M |
| Pre-tax income | $119.2M | $85.0M | $86.9M | $65.9M | $19.2M | -$48.3M | $48.0M | $52.3M | $16.9M | $9.7M |
| Income tax | $30.5M | $14.5M | $18.1M | $17.8M | $3.4M | $18.7M | $11.2M | $14.1M | $363.0K | $2.5M |
| Net income | $88.7M | $70.5M | $68.8M | $48.2M | $16.5M | -$29.3M | $37.0M | $38.3M | $16.9M | $7.7M |
| EPS, basic | 5.65 | 4.44 | 4.07 | 2.58 | 0.87 | -1.65 | 2.10 | 2.18 | 0.97 | 0.51 |
| EPS, diluted | 5.37 | 4.22 | 3.89 | 2.47 | 0.83 | -1.65 | 2.01 | 2.08 | 0.93 | 0.49 |
| Shares, diluted (wtd. avg.) | $16.5M | $16.7M | $17.7M | $19.5M | $19.8M | $17.7M | $18.4M | $18.4M | $18.2M | $15.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $303.8M | $148.3M | $173.2M | $46.1M | $49.1M | $119.4M | $54.3M | $40.5M | $25.6M | $1.6M |
| Receivables | $397.5M | $339.4M | $311.2M | $320.9M | $218.1M | $166.9M | $188.8M | $195.8M | $167.3M | $148.9M |
| Inventory | $108.1M | $103.1M | $103.8M | $101.4M | $100.9M | $97.1M | $129.6M | $115.6M | $91.4M | $83.7M |
| Total current assets | $910.3M | $661.9M | $648.6M | $516.1M | $404.6M | $409.4M | $409.3M | $385.6M | $317.9M | $257.3M |
| Property, plant and equipment | — | — | — | $46.0M | $51.9M | $56.9M | $63.7M | $51.3M | $53.3M | $60.8M |
| Goodwill | $494.6M | $452.3M | $344.0M | $333.8M | $296.5M | $249.8M | $194.1M | $194.1M | $187.6M | $187.6M |
| Other intangibles | $81.4M | $85.7M | $63.9M | $79.6M | $79.2M | $80.1M | $52.6M | $67.2M | $78.5M | $94.8M |
| Total assets | $1.69B | $1.35B | $1.18B | $1.04B | $894.2M | $868.1M | $789.1M | $703.7M | $639.1M | $602.1M |
| Short-term debt | $8.6M | $6.6M | $5.5M | $4.4M | $3.3M | $3.3M | $2.5M | $3.4M | $3.4M | $51.4M |
| Total current liabilities | $272.5M | $244.0M | $224.2M | $212.9M | $181.1M | $147.1M | $139.3M | $143.3M | $124.8M | $166.7M |
| Long-term debt | $818.5M | $621.7M | $520.7M | $409.2M | $315.4M | $317.1M | $235.4M | $237.0M | $238.6M | $173.3M |
| Total liabilities | $1.19B | $926.7M | $796.6M | $671.9M | $547.5M | $507.0M | $434.2M | $386.5M | $370.5M | — |
| Retained earnings | $478.3M | $389.7M | $319.3M | $250.5M | $202.5M | $186.1M | $215.7M | $178.7M | $140.5M | $117.4M |
| Total equity | $498.4M | $422.8M | $380.9M | $365.4M | $346.7M | $349.1M | $342.5M | $317.2M | $274.8M | $252.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $94.3M | $102.2M | $106.2M | $5.9M | $37.1M | $109.7M | $41.3M | $35.8M | $12.5M | $48.2M |
| Depreciation and amortisation | $10.4M | $9.0M | $8.4M | $9.6M | $9.9M | $10.4M | $10.1M | $9.6M | $10.5M | $11.9M |
| Stock-based compensation | $5.7M | $4.7M | $3.1M | $1.9M | $1.8M | $3.5M | $2.0M | $2.5M | $1.7M | $3.6M |
| Capital expenditure | $40.3M | $25.1M | $12.3M | $4.9M | $6.0M | $6.7M | $22.1M | $9.3M | $2.8M | $4.9M |
| Investing cash flow | -$99.2M | -$181.7M | -$22.6M | -$53.4M | -$69.0M | -$121.8M | -$22.1M | -$17.6M | -$2.8M | $27.8M |
| Financing cash flow | $158.9M | $56.8M | $43.6M | $44.3M | -$38.5M | $77.4M | -$6.1M | -$2.9M | $14.2M | -$76.1M |
| Dividends paid | $90.0K | $90.0K | $90.0K | $90.0K | $90.0K | $90.0K | $90.0K | $90.0K | $90.0K | $90.0K |
| Buybacks | $17.1M | $29.0M | $56.2M | $47.9M | $33.5M | $0 | $0 | — | — | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-012382.
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| MSM | MSC INDUSTRIAL DIRECT CO INC | $6.78B | 34.0x | -1.3% |
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