DXP Enterprises, Inc. (DXPE) 10-Year Financial Performance & Capital Metrics

DXPE • • Industrial / General

IndustrialsIndustrial DistributionGeneral Industrial MRO DistributionBroadline Industrial Distributors

AboutDXP Enterprises, Inc., together with its subsidiaries, engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services to the energy and industrial customers primarily in the United States and Canada. It operates through three segments: Service Centers (SC), Supply Chain Services (SCS), and Innovative Pumping Solutions (IPS). The SC segment offers MRO products, equipment, and integrated services, including technical expertise and logistics services. It offers a range of MRO products in the rotating equipment, bearing, power transmission, hose, fluid power, metal working, fastener, industrial supply, safety products, and safety services categories. This segment serves customers in the oil and gas, food and beverage, petrochemical, transportation, other general industrial, mining, construction, chemical, municipal, agriculture, and pulp and paper industries. The SCS segment manages procurement and inventory management solutions; and offers outsourced MRO solutions for sourcing MRO products, including inventory optimization and management, store room management, transaction consolidation and control, vendor oversight and procurement cost optimization, productivity improvement, and customized reporting services. Its programs include SmartAgreement, a procurement solution for various MRO categories; SmartBuy, an on-site or centralized MRO procurement solution; SmartSource, an on-site procurement and storeroom management solution; SmartStore, an e-Catalog solution; SmartVend, an industrial dispensing solution; and SmartServ, an integrated service pump solution. The IPS segment fabricates and assembles custom-made pump packages, remanufactures pumps, and manufactures branded private label pumps. The company was founded in 1908 and is based in Houston, Texas.Show more

Revenue $1.8B +7.4%
EBITDA $179M +5.9%
Net Income $70M +2.4%
EPS (Diluted) 4.22 +8.5%
Gross Margin 30.87% +2.5%
EBITDA Margin 9.92% -1.4%
Operating Margin 8.07% -2.4%
Net Margin 3.91% -4.6%
ROE 17.54% -4.9%
ROIC 12.57% -4.8%
Debt/Equity 1.60 +5.8%
Interest Coverage 2.27 -12.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Good 3Y average ROE of 16.4%
✓Share count reduced 5.7% through buybacks
✓Efficient asset utilization: 1.3x turnover

✗Weaknesses

✗Thin 5Y average net margin of 2.0%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y1.85%

5Y7.34%

3Y17.39%

TTM12.76%

Profit (Net Income) CAGR

10Y-

5Y13.74%

3Y62.27%

TTM33.87%

EPS CAGR

10Y-

5Y16.11%

3Y71.95%

TTM35.82%

ROCE

10Y Avg7.4%

5Y Avg8.76%

3Y Avg14.12%

Latest14.12%

Peer Comparison

Broadline Industrial Distributors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FASTFastenal Company	49.97B	43.53	43.53	2.71%	15.34%	31.5%	1.89%	0.13
DXPEDXP Enterprises, Inc.	1.89B	120.69	28.60	7.35%	4.45%	17.86%	4.08%	1.60
GWWW.W. Grainger, Inc.	50.56B	1063.30	27.47	4.19%	9.75%	43.68%	3.11%	0.86
GICGlobal Industrial Company	1.22B	31.65	20.03	3.26%	5.11%	21.58%	3.85%	0.30

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.25B	962.09M	1.01B	1.22B	1.26B	1.01B	1.11B	1.48B	1.68B	1.8B
Revenue Growth %	-0.17%	-0.23%	0.05%	0.21%	0.04%	-0.21%	0.11%	0.33%	0.13%	0.07%
Cost of Goods Sold+	895.06M	697.29M	735.2M	883.99M	915.06M	728.07M	785.41M	1.06B	1.17B	1.25B
COGS % of Revenue	0.72%	0.72%	0.73%	0.73%	0.72%	0.72%	0.71%	0.71%	0.7%	0.69%
Gross Profit+	351.99M	264.8M	271.58M	332.21M	349.79M	277.2M	328.51M	422.04M	505.29M	556.28M
Gross Margin %	0.28%	0.28%	0.27%	0.27%	0.28%	0.28%	0.29%	0.29%	0.3%	0.31%
Gross Profit Growth %	-0.19%	-0.25%	0.03%	0.22%	0.05%	-0.21%	0.19%	0.28%	0.2%	0.1%
Operating Expenses+	303.82M	245.47M	238.09M	263.76M	282.38M	304.86M	288.65M	324.29M	366.57M	410.89M
OpEx % of Revenue	0.24%	0.26%	0.24%	0.22%	0.22%	0.3%	0.26%	0.22%	0.22%	0.23%
Selling, General & Admin	303.82M	245.47M	238.09M	263.76M	282.38M	244.98M	288.65M	324.29M	366.57M	410.89M
SG&A % of Revenue	0.24%	0.26%	0.24%	0.22%	0.22%	0.24%	0.26%	0.22%	0.22%	0.23%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-72K	0	456K	1.19M	0	59.88M	0	0	0	0
Operating Income+	-27.92M	19.33M	33.49M	68.45M	67.41M	-27.67M	39.86M	97.75M	138.72M	145.38M
Operating Margin %	-0.02%	0.02%	0.03%	0.06%	0.05%	-0.03%	0.04%	0.07%	0.08%	0.08%
Operating Income Growth %	-1.21%	1.69%	0.73%	1.04%	-0.02%	-1.41%	2.44%	1.45%	0.42%	0.05%
EBITDA+	5.33M	49.33M	61.28M	94.61M	92.59M	-3.11M	67M	126.25M	168.83M	178.79M
EBITDA Margin %	0%	0.05%	0.06%	0.08%	0.07%	-0%	0.06%	0.09%	0.1%	0.1%
EBITDA Growth %	-0.76%	8.26%	0.24%	0.54%	-0.02%	-1.03%	22.54%	0.88%	0.34%	0.06%
D&A (Non-Cash Add-back)	33.24M	29.99M	27.79M	26.16M	25.17M	24.56M	27.14M	28.5M	30.11M	33.41M
EBIT	-27.99M	25.24M	33.95M	73.28M	67.46M	-27.74M	40.27M	95.04M	140.08M	148.9M
Net Interest Income+	-10.93M	-15.56M	-17.05M	-20.94M	-19.5M	-20.57M	-21.09M	-28.94M	-53.15M	-59.16M
Interest Income	0	0	0	0	0	0	0	191K	0	4.77M
Interest Expense	10.93M	15.56M	17.05M	20.94M	19.5M	20.57M	21.09M	29.14M	53.15M	63.93M
Other Income/Expense	-11M	-9.66M	-16.6M	-19.75M	-19.45M	-20.64M	-20.68M	-31.85M	-51.79M	-60.41M
Pretax Income+	-38.92M	9.67M	16.89M	48.71M	47.96M	-48.31M	19.18M	65.9M	86.93M	84.97M
Pretax Margin %	-0.03%	0.01%	0.02%	0.04%	0.04%	-0.05%	0.02%	0.04%	0.05%	0.05%
Income Tax+	150K	2.52M	363K	13.19M	11.19M	-18.7M	3.43M	17.8M	18.12M	14.48M
Effective Tax Rate %	0.99%	0.8%	1%	0.73%	0.77%	0.61%	0.86%	0.73%	0.79%	0.83%
Net Income+	-38.54M	7.7M	16.89M	35.63M	37.02M	-29.27M	16.5M	48.16M	68.81M	70.49M
Net Margin %	-0.03%	0.01%	0.02%	0.03%	0.03%	-0.03%	0.01%	0.03%	0.04%	0.04%
Net Income Growth %	0.15%	1.2%	1.19%	1.11%	0.04%	-1.79%	1.56%	1.92%	0.43%	0.02%
Net Income (Continuing)	-39.07M	7.15M	16.53M	38.23M	36.77M	-29.62M	15.75M	48.1M	68.81M	70.49M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	1.81M	926K	567K	1.41M	1.15M	798K	53K	0	0	0
EPS (Diluted)+	-2.67	0.44	0.93	1.94	2.00	-1.65	0.83	2.47	3.89	4.22
EPS Growth %	0.09%	1.16%	1.11%	1.09%	0.03%	-1.82%	1.5%	1.98%	0.57%	0.08%
EPS (Basic)	-2.67	0.44	0.97	2.03	2.10	-1.65	0.87	2.58	4.08	4.44
Diluted Shares Outstanding	14.42M	17.2M	18.24M	18.39M	18.43M	17.75M	19.79M	19.47M	17.71M	16.7M
Basic Shares Outstanding	14.41M	17.2M	17.32M	17.55M	17.59M	17.75M	18.95M	18.63M	16.87M	15.86M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	303.96M	266.8M	317.92M	385.59M	408.48M	409.43M	404.57M	516.11M	648.55M	661.87M
Cash & Short-Term Investments	1.69M	1.59M	22.05M	40.3M	54.2M	119.33M	48.99M	46.03M	173.12M	148.32M
Cash Only	1.69M	1.59M	22.05M	40.3M	54.2M	119.33M	48.99M	46.03M	173.12M	148.32M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	186.81M	169.9M	195.63M	225.3M	221.23M	188.39M	245.08M	320.88M	353.49M	390.1M
Days Sales Outstanding	54.68	64.46	70.92	67.62	63.84	68.4	80.31	79.09	76.86	79.01
Inventory	103.82M	83.7M	91.41M	114.83M	129.36M	97.07M	100.89M	101.39M	103.81M	103.11M
Days Inventory Outstanding	42.34	43.81	45.38	47.41	51.6	48.66	46.89	34.95	32.29	30.21
Other Current Assets	9M	0	3.53M	215K	-538K	91K	91K	47.82M	18.14M	20.34M
Total Non-Current Assets+	380.02M	344.73M	321.17M	314.37M	379.74M	458.71M	501.62M	521.17M	528.88M	687.62M
Property, Plant & Equipment	68.5M	60.81M	53.34M	51.33M	129.89M	112.09M	109.1M	103.37M	110.35M	128.13M
Fixed Asset Turnover	18.20x	15.82x	18.88x	23.69x	9.74x	8.97x	10.21x	14.33x	15.21x	14.06x
Goodwill	197.36M	187.59M	187.59M	194.05M	194.05M	261.77M	308.51M	333.76M	343.99M	452.34M
Intangible Assets	112.3M	94.83M	78.53M	67.21M	52.58M	80.09M	79.2M	79.58M	63.9M	85.68M
Long-Term Investments	0	-9.47M	-7.07M	-8.63M	-9.87M	0	-7.52M	-33.11M	0	0
Other Non-Current Assets	1.86M	1.5M	1.72M	1.78M	3.21M	4.76M	4.81M	32.68M	10.65M	21.47M
Total Assets+	683.98M	611.52M	639.08M	699.96M	788.22M	868.13M	906.19M	1.04B	1.18B	1.35B
Asset Turnover	1.82x	1.57x	1.58x	1.74x	1.60x	1.16x	1.23x	1.43x	1.43x	1.34x
Asset Growth %	-0.19%	-0.11%	0.05%	0.1%	0.13%	0.1%	0.04%	0.14%	0.14%	0.15%
Total Current Liabilities+	180.12M	166.66M	124.83M	143.28M	148.17M	147.14M	181.06M	212.9M	224.16M	243.98M
Accounts Payable	77.11M	78.7M	80.3M	87.41M	63.68M	64.85M	77.84M	92.81M	96.47M	103.73M
Days Payables Outstanding	31.44	41.19	39.87	36.09	25.4	32.51	36.17	31.99	30.01	30.39
Short-Term Debt	50.83M	51.35M	3.38M	3.41M	2.5M	3.3M	3.3M	4.37M	5.5M	6.59M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	22.22M	14.39M	16.22M	17.27M	12.94M	34.73M	42.21M	40.84M	48.85M	50.77M
Current Ratio	1.69x	1.60x	2.55x	2.69x	2.76x	2.78x	2.23x	2.42x	2.89x	2.71x
Quick Ratio	1.11x	1.10x	1.81x	1.89x	1.88x	2.12x	1.68x	1.95x	2.43x	2.29x
Cash Conversion Cycle	65.57	67.07	76.44	78.94	90.04	84.55	91.02	82.05	79.15	78.83
Total Non-Current Liabilities+	304.99M	192.32M	245.71M	248.43M	295.1M	359.86M	366.44M	458.99M	572.39M	682.72M
Long-Term Debt	298.68M	173.33M	238.64M	236.98M	235.42M	317.14M	315.4M	409.2M	520.7M	621.68M
Capital Lease Obligations	0	0	0	0	48.6M	38.01M	39.92M	40.19M	34.34M	33.16M
Deferred Tax Liabilities	6.31M	18.99M	7.07M	8.63M	9.87M	1.78M	7.52M	4.89M	0	0
Other Non-Current Liabilities	0	0	0	2.82M	1.21M	2.93M	3.6M	4.7M	17.36M	27.88M
Total Liabilities	485.11M	358.98M	370.54M	391.71M	443.27M	507M	547.5M	671.89M	796.56M	926.71M
Total Debt+	349.51M	224.69M	242.02M	240.39M	304.13M	374.34M	376.82M	471.85M	575.97M	676.36M
Net Debt	347.82M	223.09M	219.98M	200.08M	249.92M	255.01M	327.83M	425.82M	402.85M	528.04M
Debt / Equity	1.76x	0.89x	0.90x	0.78x	0.88x	1.04x	1.05x	1.29x	1.51x	1.60x
Debt / EBITDA	65.61x	4.56x	3.95x	2.54x	3.28x	-	5.62x	3.74x	3.41x	3.78x
Net Debt / EBITDA	65.29x	4.52x	3.59x	2.11x	2.70x	-	4.89x	3.37x	2.39x	2.95x
Interest Coverage	-2.55x	1.24x	1.96x	3.27x	3.46x	-1.35x	1.89x	3.36x	2.61x	2.27x
Total Equity+	198.87M	252.55M	268.55M	308.25M	344.95M	361.14M	358.69M	365.39M	380.88M	422.79M
Equity Growth %	-0.18%	0.27%	0.06%	0.15%	0.12%	0.05%	-0.01%	0.02%	0.04%	0.11%
Book Value per Share	13.79	14.69	14.72	16.76	18.71	20.35	18.13	18.77	21.51	25.32
Total Shareholders' Equity	197.06M	251.62M	267.98M	306.85M	343.8M	360.34M	358.64M	365.39M	380.88M	422.79M
Common Stock	146K	172K	174K	174K	174K	189K	195K	345K	345K	204K
Retained Earnings	109.78M	117.4M	134.19M	169.74M	205.68M	186.08M	202.48M	250.55M	319.27M	389.67M
Treasury Stock	-12.58M	0	0	0	0	0	-33.51M	-67.78M	-124M	-153M
Accumulated OCI	-10.62M	-18.27M	-19.49M	-19.27M	-19.95M	-18.01M	-17.32M	-31.68M	-31.24M	-33.61M
Minority Interest	1.81M	926K	567K	1.41M	1.15M	798K	53K	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	97.99M	48.01M	12.54M	35.84M	41.31M	107.67M	37.09M	5.89M	106.22M	102.21M
Operating CF Margin %	0.08%	0.05%	0.01%	0.03%	0.03%	0.11%	0.03%	0%	0.06%	0.06%
Operating CF Growth %	-0.01%	-0.51%	-0.74%	1.86%	0.15%	1.61%	-0.66%	-0.84%	17.02%	-0.04%
Net Income	-39.07M	7.15M	16.53M	35.52M	35.77M	-29.07M	15.75M	48.1M	68.81M	70.49M
Depreciation & Amortization	33.24M	29.99M	27.79M	26.16M	25.17M	22.68M	27.14M	30.34M	30.11M	33.41M
Stock-Based Compensation	2.97M	3.58M	1.71M	2.55M	1.96M	3.53M	1.82M	1.85M	3.07M	4.71M
Deferred Taxes	-9.02M	3.31M	-3.83M	1M	1.11M	-14.77M	6.14M	-7.54M	-9.06M	-14.99M
Other Non-Cash Items	71.96M	-3.6M	5.54M	3.15M	1.95M	64.71M	1.8M	3.38M	4.88M	3.89M
Working Capital Changes	37.91M	7.57M	-35.19M	-32.55M	-24.67M	60.6M	-15.57M	-70.24M	8.41M	4.7M
Change in Receivables	71.26M	12.08M	-20.54M	-22.49M	5.56M	42.91M	-43.74M	-93.94M	13.29M	-12.55M
Change in Inventory	12.72M	5.45M	-7.54M	-20.84M	-14.45M	22.21M	-5.29M	2.07M	-2.03M	8.43M
Change in Payables	-45.56M	-8.83M	-8.6M	4.25M	-16.92M	3.29M	34.23M	35.97M	10.6M	7.55M
Cash from Investing+	-29.49M	27.81M	-2.81M	-17.58M	-22.09M	-121.8M	-69.02M	-53.42M	-22.65M	-181.69M
Capital Expenditures	-13.99M	-4.87M	-2.81M	-9.32M	-22.12M	-6.67M	-6M	-4.92M	-12.26M	-25.07M
CapEx % of Revenue	0.01%	0.01%	0%	0.01%	0.02%	0.01%	0.01%	0%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	1.21M	32.68M	2.56M	0	123K	1.67M	0	0	0
Cash from Financing+	-67.12M	-75.83M	14.19M	-2.92M	-6.09M	77.41M	-38.49M	44.31M	43.58M	56.8M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-90K	-90K	-90K	-90K	-90K	-90K	-90K	-90K	-90K	-90K
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	988K	-1.99M	-12.14M	550K	-1.66M	-9.27M	-1.59M	-9.16M	-18.26M	-9.13M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	84M	43.14M	9.73M	26.52M	19.19M	101M	31.09M	978K	93.96M	77.14M
FCF Margin %	0.07%	0.04%	0.01%	0.02%	0.02%	0.1%	0.03%	0%	0.06%	0.04%
FCF Growth %	-0.04%	-0.49%	-0.77%	1.72%	-0.28%	4.26%	-0.69%	-0.97%	95.07%	-0.18%
FCF per Share	5.82	2.51	0.53	1.44	1.04	5.69	1.57	0.05	5.31	4.62
FCF Conversion (FCF/Net Income)	-2.54x	6.23x	0.74x	1.01x	1.12x	-3.68x	2.25x	0.12x	1.54x	1.45x
Interest Paid	9.72M	13.71M	15.21M	19.13M	17.62M	13.32M	19.53M	25.32M	48.95M	67M
Taxes Paid	13.79M	4.78M	714K	8.3M	13.32M	6.28M	6.12M	26.18M	21.84M	20.43M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-17.44%	3.41%	6.48%	12.36%	11.34%	-8.29%	4.58%	13.3%	18.44%	17.54%
Return on Invested Capital (ROIC)	-3.49%	2.84%	5.21%	10.3%	9.17%	-3.43%	4.59%	9.92%	13.21%	12.57%
Gross Margin	28.23%	27.52%	26.98%	27.32%	27.65%	27.57%	29.49%	28.5%	30.1%	30.87%
Net Margin	-3.09%	0.8%	1.68%	2.93%	2.93%	-2.91%	1.48%	3.25%	4.1%	3.91%
Debt / Equity	1.76x	0.89x	0.90x	0.78x	0.88x	1.04x	1.05x	1.29x	1.51x	1.60x
Interest Coverage	-2.55x	1.24x	1.96x	3.27x	3.46x	-1.35x	1.89x	3.36x	2.61x	2.27x
FCF Conversion	-2.54x	6.23x	0.74x	1.01x	1.12x	-3.68x	2.25x	0.12x	1.54x	1.45x
Revenue Growth	-16.85%	-22.85%	4.65%	20.8%	4%	-20.52%	10.81%	32.94%	13.36%	7.35%

Revenue by Segment

	2015	2018	2019	2020	2021	2022	2023	2024
Service Centers	826.59M	750.04M	762.26M	662.62M	816.5M	1.01B	1.15B	1.22B
Service Centers Growth	-	-9.26%	1.63%	-13.07%	23.22%	23.62%	13.45%	6.77%
Innovative Pumping Solutions	254.83M	291.7M	303.65M	187.99M	139.59M	231.1M	273.15M	323.03M
Innovative Pumping Solutions Growth	-	14.47%	4.10%	-38.09%	-25.75%	65.56%	18.19%	18.26%
Supply Chain Services	165.63M	174.46M	201.28M	154.66M	157.83M	240.37M	260.37M	256.42M
Supply Chain Services Growth	-	5.33%	15.37%	-23.16%	2.05%	52.30%	8.32%	-1.52%

Revenue by Geography

	2015	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	-	1.11B	1.17B	931M	1.03B	1.4B	1.6B	1.72B
UNITED STATES Growth	-	-	4.95%	-20.09%	10.74%	35.98%	14.27%	7.43%
CANADA	-	106M	102M	74M	83M	79M	75M	79M
CANADA Growth	-	-	-3.77%	-27.45%	12.16%	-4.82%	-5.06%	5.33%
Other Including MEXICO And DUBAI	-	-	-	-	-	-	-	-
Other Including MEXICO And DUBAI Growth	-	-	-	-	-	-	-	-
MEXICO AND DUBAI	-	-	-	-	-	-	-	-
MEXICO AND DUBAI Growth	-	-	-	-	-	-	-	-
United States	1.12B	-	-	-	-	-	-	-
United States Growth	-	-	-	-	-	-	-	-
Canada	127.83M	-	-	-	-	-	-	-
Canada Growth	-	-	-	-	-	-	-	-
Other	-	-	-	-	-	-	-	-
Other Growth	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

DXP Enterprises, Inc. (DXPE) has a price-to-earnings (P/E) ratio of 28.6x. This suggests investors expect higher future growth.

Growth & Financials

DXP Enterprises, Inc. (DXPE) reported $1.96B in revenue for fiscal year 2024. This represents a 143% increase from $807.0M in 2011.

DXP Enterprises, Inc. (DXPE) grew revenue by 7.4% over the past year. This is steady growth.

Yes, DXP Enterprises, Inc. (DXPE) is profitable, generating $87.2M in net income for fiscal year 2024 (3.9% net margin).

Dividend & Returns

DXP Enterprises, Inc. (DXPE) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.

DXP Enterprises, Inc. (DXPE) has a return on equity (ROE) of 17.5%. This is reasonable for most industries.

DXP Enterprises, Inc. (DXPE) generated $42.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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DXP Enterprises, Inc. (DXPE) 10-Year Financial Performance & Capital Metrics

DXPE • • Industrial / General

IndustrialsIndustrial DistributionGeneral Industrial MRO DistributionBroadline Industrial Distributors

Revenue $1.8B +7.4%
EBITDA $179M +5.9%
Net Income $70M +2.4%
EPS (Diluted) 4.22 +8.5%
Gross Margin 30.87% +2.5%
EBITDA Margin 9.92% -1.4%
Operating Margin 8.07% -2.4%
Net Margin 3.91% -4.6%
ROE 17.54% -4.9%
ROIC 12.57% -4.8%
Debt/Equity 1.60 +5.8%
Interest Coverage 2.27 -12.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Good 3Y average ROE of 16.4%
✓Share count reduced 5.7% through buybacks
✓Efficient asset utilization: 1.3x turnover

✗Weaknesses

✗Thin 5Y average net margin of 2.0%

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y1.85%

5Y7.34%

3Y17.39%

TTM12.76%

Profit (Net Income) CAGR

10Y-

5Y13.74%

3Y62.27%

TTM33.87%

EPS CAGR

10Y-

5Y16.11%

3Y71.95%

TTM35.82%

ROCE

10Y Avg7.4%

5Y Avg8.76%

3Y Avg14.12%

Latest14.12%

Peer Comparison

Broadline Industrial Distributors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FASTFastenal Company	49.97B	43.53	43.53	2.71%	15.34%	31.5%	1.89%	0.13
DXPEDXP Enterprises, Inc.	1.89B	120.69	28.60	7.35%	4.45%	17.86%	4.08%	1.60
GWWW.W. Grainger, Inc.	50.56B	1063.30	27.47	4.19%	9.75%	43.68%	3.11%	0.86
GICGlobal Industrial Company	1.22B	31.65	20.03	3.26%	5.11%	21.58%	3.85%	0.30

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.25B	962.09M	1.01B	1.22B	1.26B	1.01B	1.11B	1.48B	1.68B	1.8B
Revenue Growth %	-0.17%	-0.23%	0.05%	0.21%	0.04%	-0.21%	0.11%	0.33%	0.13%	0.07%
Cost of Goods Sold+	895.06M	697.29M	735.2M	883.99M	915.06M	728.07M	785.41M	1.06B	1.17B	1.25B
COGS % of Revenue	0.72%	0.72%	0.73%	0.73%	0.72%	0.72%	0.71%	0.71%	0.7%	0.69%
Gross Profit+	351.99M	264.8M	271.58M	332.21M	349.79M	277.2M	328.51M	422.04M	505.29M	556.28M
Gross Margin %	0.28%	0.28%	0.27%	0.27%	0.28%	0.28%	0.29%	0.29%	0.3%	0.31%
Gross Profit Growth %	-0.19%	-0.25%	0.03%	0.22%	0.05%	-0.21%	0.19%	0.28%	0.2%	0.1%
Operating Expenses+	303.82M	245.47M	238.09M	263.76M	282.38M	304.86M	288.65M	324.29M	366.57M	410.89M
OpEx % of Revenue	0.24%	0.26%	0.24%	0.22%	0.22%	0.3%	0.26%	0.22%	0.22%	0.23%
Selling, General & Admin	303.82M	245.47M	238.09M	263.76M	282.38M	244.98M	288.65M	324.29M	366.57M	410.89M
SG&A % of Revenue	0.24%	0.26%	0.24%	0.22%	0.22%	0.24%	0.26%	0.22%	0.22%	0.23%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-72K	0	456K	1.19M	0	59.88M	0	0	0	0
Operating Income+	-27.92M	19.33M	33.49M	68.45M	67.41M	-27.67M	39.86M	97.75M	138.72M	145.38M
Operating Margin %	-0.02%	0.02%	0.03%	0.06%	0.05%	-0.03%	0.04%	0.07%	0.08%	0.08%
Operating Income Growth %	-1.21%	1.69%	0.73%	1.04%	-0.02%	-1.41%	2.44%	1.45%	0.42%	0.05%
EBITDA+	5.33M	49.33M	61.28M	94.61M	92.59M	-3.11M	67M	126.25M	168.83M	178.79M
EBITDA Margin %	0%	0.05%	0.06%	0.08%	0.07%	-0%	0.06%	0.09%	0.1%	0.1%
EBITDA Growth %	-0.76%	8.26%	0.24%	0.54%	-0.02%	-1.03%	22.54%	0.88%	0.34%	0.06%
D&A (Non-Cash Add-back)	33.24M	29.99M	27.79M	26.16M	25.17M	24.56M	27.14M	28.5M	30.11M	33.41M
EBIT	-27.99M	25.24M	33.95M	73.28M	67.46M	-27.74M	40.27M	95.04M	140.08M	148.9M
Net Interest Income+	-10.93M	-15.56M	-17.05M	-20.94M	-19.5M	-20.57M	-21.09M	-28.94M	-53.15M	-59.16M
Interest Income	0	0	0	0	0	0	0	191K	0	4.77M
Interest Expense	10.93M	15.56M	17.05M	20.94M	19.5M	20.57M	21.09M	29.14M	53.15M	63.93M
Other Income/Expense	-11M	-9.66M	-16.6M	-19.75M	-19.45M	-20.64M	-20.68M	-31.85M	-51.79M	-60.41M
Pretax Income+	-38.92M	9.67M	16.89M	48.71M	47.96M	-48.31M	19.18M	65.9M	86.93M	84.97M
Pretax Margin %	-0.03%	0.01%	0.02%	0.04%	0.04%	-0.05%	0.02%	0.04%	0.05%	0.05%
Income Tax+	150K	2.52M	363K	13.19M	11.19M	-18.7M	3.43M	17.8M	18.12M	14.48M
Effective Tax Rate %	0.99%	0.8%	1%	0.73%	0.77%	0.61%	0.86%	0.73%	0.79%	0.83%
Net Income+	-38.54M	7.7M	16.89M	35.63M	37.02M	-29.27M	16.5M	48.16M	68.81M	70.49M
Net Margin %	-0.03%	0.01%	0.02%	0.03%	0.03%	-0.03%	0.01%	0.03%	0.04%	0.04%
Net Income Growth %	0.15%	1.2%	1.19%	1.11%	0.04%	-1.79%	1.56%	1.92%	0.43%	0.02%
Net Income (Continuing)	-39.07M	7.15M	16.53M	38.23M	36.77M	-29.62M	15.75M	48.1M	68.81M	70.49M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	1.81M	926K	567K	1.41M	1.15M	798K	53K	0	0	0
EPS (Diluted)+	-2.67	0.44	0.93	1.94	2.00	-1.65	0.83	2.47	3.89	4.22
EPS Growth %	0.09%	1.16%	1.11%	1.09%	0.03%	-1.82%	1.5%	1.98%	0.57%	0.08%
EPS (Basic)	-2.67	0.44	0.97	2.03	2.10	-1.65	0.87	2.58	4.08	4.44
Diluted Shares Outstanding	14.42M	17.2M	18.24M	18.39M	18.43M	17.75M	19.79M	19.47M	17.71M	16.7M
Basic Shares Outstanding	14.41M	17.2M	17.32M	17.55M	17.59M	17.75M	18.95M	18.63M	16.87M	15.86M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	303.96M	266.8M	317.92M	385.59M	408.48M	409.43M	404.57M	516.11M	648.55M	661.87M
Cash & Short-Term Investments	1.69M	1.59M	22.05M	40.3M	54.2M	119.33M	48.99M	46.03M	173.12M	148.32M
Cash Only	1.69M	1.59M	22.05M	40.3M	54.2M	119.33M	48.99M	46.03M	173.12M	148.32M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	186.81M	169.9M	195.63M	225.3M	221.23M	188.39M	245.08M	320.88M	353.49M	390.1M
Days Sales Outstanding	54.68	64.46	70.92	67.62	63.84	68.4	80.31	79.09	76.86	79.01
Inventory	103.82M	83.7M	91.41M	114.83M	129.36M	97.07M	100.89M	101.39M	103.81M	103.11M
Days Inventory Outstanding	42.34	43.81	45.38	47.41	51.6	48.66	46.89	34.95	32.29	30.21
Other Current Assets	9M	0	3.53M	215K	-538K	91K	91K	47.82M	18.14M	20.34M
Total Non-Current Assets+	380.02M	344.73M	321.17M	314.37M	379.74M	458.71M	501.62M	521.17M	528.88M	687.62M
Property, Plant & Equipment	68.5M	60.81M	53.34M	51.33M	129.89M	112.09M	109.1M	103.37M	110.35M	128.13M
Fixed Asset Turnover	18.20x	15.82x	18.88x	23.69x	9.74x	8.97x	10.21x	14.33x	15.21x	14.06x
Goodwill	197.36M	187.59M	187.59M	194.05M	194.05M	261.77M	308.51M	333.76M	343.99M	452.34M
Intangible Assets	112.3M	94.83M	78.53M	67.21M	52.58M	80.09M	79.2M	79.58M	63.9M	85.68M
Long-Term Investments	0	-9.47M	-7.07M	-8.63M	-9.87M	0	-7.52M	-33.11M	0	0
Other Non-Current Assets	1.86M	1.5M	1.72M	1.78M	3.21M	4.76M	4.81M	32.68M	10.65M	21.47M
Total Assets+	683.98M	611.52M	639.08M	699.96M	788.22M	868.13M	906.19M	1.04B	1.18B	1.35B
Asset Turnover	1.82x	1.57x	1.58x	1.74x	1.60x	1.16x	1.23x	1.43x	1.43x	1.34x
Asset Growth %	-0.19%	-0.11%	0.05%	0.1%	0.13%	0.1%	0.04%	0.14%	0.14%	0.15%
Total Current Liabilities+	180.12M	166.66M	124.83M	143.28M	148.17M	147.14M	181.06M	212.9M	224.16M	243.98M
Accounts Payable	77.11M	78.7M	80.3M	87.41M	63.68M	64.85M	77.84M	92.81M	96.47M	103.73M
Days Payables Outstanding	31.44	41.19	39.87	36.09	25.4	32.51	36.17	31.99	30.01	30.39
Short-Term Debt	50.83M	51.35M	3.38M	3.41M	2.5M	3.3M	3.3M	4.37M	5.5M	6.59M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	22.22M	14.39M	16.22M	17.27M	12.94M	34.73M	42.21M	40.84M	48.85M	50.77M
Current Ratio	1.69x	1.60x	2.55x	2.69x	2.76x	2.78x	2.23x	2.42x	2.89x	2.71x
Quick Ratio	1.11x	1.10x	1.81x	1.89x	1.88x	2.12x	1.68x	1.95x	2.43x	2.29x
Cash Conversion Cycle	65.57	67.07	76.44	78.94	90.04	84.55	91.02	82.05	79.15	78.83
Total Non-Current Liabilities+	304.99M	192.32M	245.71M	248.43M	295.1M	359.86M	366.44M	458.99M	572.39M	682.72M
Long-Term Debt	298.68M	173.33M	238.64M	236.98M	235.42M	317.14M	315.4M	409.2M	520.7M	621.68M
Capital Lease Obligations	0	0	0	0	48.6M	38.01M	39.92M	40.19M	34.34M	33.16M
Deferred Tax Liabilities	6.31M	18.99M	7.07M	8.63M	9.87M	1.78M	7.52M	4.89M	0	0
Other Non-Current Liabilities	0	0	0	2.82M	1.21M	2.93M	3.6M	4.7M	17.36M	27.88M
Total Liabilities	485.11M	358.98M	370.54M	391.71M	443.27M	507M	547.5M	671.89M	796.56M	926.71M
Total Debt+	349.51M	224.69M	242.02M	240.39M	304.13M	374.34M	376.82M	471.85M	575.97M	676.36M
Net Debt	347.82M	223.09M	219.98M	200.08M	249.92M	255.01M	327.83M	425.82M	402.85M	528.04M
Debt / Equity	1.76x	0.89x	0.90x	0.78x	0.88x	1.04x	1.05x	1.29x	1.51x	1.60x
Debt / EBITDA	65.61x	4.56x	3.95x	2.54x	3.28x	-	5.62x	3.74x	3.41x	3.78x
Net Debt / EBITDA	65.29x	4.52x	3.59x	2.11x	2.70x	-	4.89x	3.37x	2.39x	2.95x
Interest Coverage	-2.55x	1.24x	1.96x	3.27x	3.46x	-1.35x	1.89x	3.36x	2.61x	2.27x
Total Equity+	198.87M	252.55M	268.55M	308.25M	344.95M	361.14M	358.69M	365.39M	380.88M	422.79M
Equity Growth %	-0.18%	0.27%	0.06%	0.15%	0.12%	0.05%	-0.01%	0.02%	0.04%	0.11%
Book Value per Share	13.79	14.69	14.72	16.76	18.71	20.35	18.13	18.77	21.51	25.32
Total Shareholders' Equity	197.06M	251.62M	267.98M	306.85M	343.8M	360.34M	358.64M	365.39M	380.88M	422.79M
Common Stock	146K	172K	174K	174K	174K	189K	195K	345K	345K	204K
Retained Earnings	109.78M	117.4M	134.19M	169.74M	205.68M	186.08M	202.48M	250.55M	319.27M	389.67M
Treasury Stock	-12.58M	0	0	0	0	0	-33.51M	-67.78M	-124M	-153M
Accumulated OCI	-10.62M	-18.27M	-19.49M	-19.27M	-19.95M	-18.01M	-17.32M	-31.68M	-31.24M	-33.61M
Minority Interest	1.81M	926K	567K	1.41M	1.15M	798K	53K	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	97.99M	48.01M	12.54M	35.84M	41.31M	107.67M	37.09M	5.89M	106.22M	102.21M
Operating CF Margin %	0.08%	0.05%	0.01%	0.03%	0.03%	0.11%	0.03%	0%	0.06%	0.06%
Operating CF Growth %	-0.01%	-0.51%	-0.74%	1.86%	0.15%	1.61%	-0.66%	-0.84%	17.02%	-0.04%
Net Income	-39.07M	7.15M	16.53M	35.52M	35.77M	-29.07M	15.75M	48.1M	68.81M	70.49M
Depreciation & Amortization	33.24M	29.99M	27.79M	26.16M	25.17M	22.68M	27.14M	30.34M	30.11M	33.41M
Stock-Based Compensation	2.97M	3.58M	1.71M	2.55M	1.96M	3.53M	1.82M	1.85M	3.07M	4.71M
Deferred Taxes	-9.02M	3.31M	-3.83M	1M	1.11M	-14.77M	6.14M	-7.54M	-9.06M	-14.99M
Other Non-Cash Items	71.96M	-3.6M	5.54M	3.15M	1.95M	64.71M	1.8M	3.38M	4.88M	3.89M
Working Capital Changes	37.91M	7.57M	-35.19M	-32.55M	-24.67M	60.6M	-15.57M	-70.24M	8.41M	4.7M
Change in Receivables	71.26M	12.08M	-20.54M	-22.49M	5.56M	42.91M	-43.74M	-93.94M	13.29M	-12.55M
Change in Inventory	12.72M	5.45M	-7.54M	-20.84M	-14.45M	22.21M	-5.29M	2.07M	-2.03M	8.43M
Change in Payables	-45.56M	-8.83M	-8.6M	4.25M	-16.92M	3.29M	34.23M	35.97M	10.6M	7.55M
Cash from Investing+	-29.49M	27.81M	-2.81M	-17.58M	-22.09M	-121.8M	-69.02M	-53.42M	-22.65M	-181.69M
Capital Expenditures	-13.99M	-4.87M	-2.81M	-9.32M	-22.12M	-6.67M	-6M	-4.92M	-12.26M	-25.07M
CapEx % of Revenue	0.01%	0.01%	0%	0.01%	0.02%	0.01%	0.01%	0%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	1.21M	32.68M	2.56M	0	123K	1.67M	0	0	0
Cash from Financing+	-67.12M	-75.83M	14.19M	-2.92M	-6.09M	77.41M	-38.49M	44.31M	43.58M	56.8M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-90K	-90K	-90K	-90K	-90K	-90K	-90K	-90K	-90K	-90K
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	988K	-1.99M	-12.14M	550K	-1.66M	-9.27M	-1.59M	-9.16M	-18.26M	-9.13M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	84M	43.14M	9.73M	26.52M	19.19M	101M	31.09M	978K	93.96M	77.14M
FCF Margin %	0.07%	0.04%	0.01%	0.02%	0.02%	0.1%	0.03%	0%	0.06%	0.04%
FCF Growth %	-0.04%	-0.49%	-0.77%	1.72%	-0.28%	4.26%	-0.69%	-0.97%	95.07%	-0.18%
FCF per Share	5.82	2.51	0.53	1.44	1.04	5.69	1.57	0.05	5.31	4.62
FCF Conversion (FCF/Net Income)	-2.54x	6.23x	0.74x	1.01x	1.12x	-3.68x	2.25x	0.12x	1.54x	1.45x
Interest Paid	9.72M	13.71M	15.21M	19.13M	17.62M	13.32M	19.53M	25.32M	48.95M	67M
Taxes Paid	13.79M	4.78M	714K	8.3M	13.32M	6.28M	6.12M	26.18M	21.84M	20.43M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-17.44%	3.41%	6.48%	12.36%	11.34%	-8.29%	4.58%	13.3%	18.44%	17.54%
Return on Invested Capital (ROIC)	-3.49%	2.84%	5.21%	10.3%	9.17%	-3.43%	4.59%	9.92%	13.21%	12.57%
Gross Margin	28.23%	27.52%	26.98%	27.32%	27.65%	27.57%	29.49%	28.5%	30.1%	30.87%
Net Margin	-3.09%	0.8%	1.68%	2.93%	2.93%	-2.91%	1.48%	3.25%	4.1%	3.91%
Debt / Equity	1.76x	0.89x	0.90x	0.78x	0.88x	1.04x	1.05x	1.29x	1.51x	1.60x
Interest Coverage	-2.55x	1.24x	1.96x	3.27x	3.46x	-1.35x	1.89x	3.36x	2.61x	2.27x
FCF Conversion	-2.54x	6.23x	0.74x	1.01x	1.12x	-3.68x	2.25x	0.12x	1.54x	1.45x
Revenue Growth	-16.85%	-22.85%	4.65%	20.8%	4%	-20.52%	10.81%	32.94%	13.36%	7.35%

Revenue by Segment

	2015	2018	2019	2020	2021	2022	2023	2024
Service Centers	826.59M	750.04M	762.26M	662.62M	816.5M	1.01B	1.15B	1.22B
Service Centers Growth	-	-9.26%	1.63%	-13.07%	23.22%	23.62%	13.45%	6.77%
Innovative Pumping Solutions	254.83M	291.7M	303.65M	187.99M	139.59M	231.1M	273.15M	323.03M
Innovative Pumping Solutions Growth	-	14.47%	4.10%	-38.09%	-25.75%	65.56%	18.19%	18.26%
Supply Chain Services	165.63M	174.46M	201.28M	154.66M	157.83M	240.37M	260.37M	256.42M
Supply Chain Services Growth	-	5.33%	15.37%	-23.16%	2.05%	52.30%	8.32%	-1.52%

Revenue by Geography

	2015	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	-	1.11B	1.17B	931M	1.03B	1.4B	1.6B	1.72B
UNITED STATES Growth	-	-	4.95%	-20.09%	10.74%	35.98%	14.27%	7.43%
CANADA	-	106M	102M	74M	83M	79M	75M	79M
CANADA Growth	-	-	-3.77%	-27.45%	12.16%	-4.82%	-5.06%	5.33%
Other Including MEXICO And DUBAI	-	-	-	-	-	-	-	-
Other Including MEXICO And DUBAI Growth	-	-	-	-	-	-	-	-
MEXICO AND DUBAI	-	-	-	-	-	-	-	-
MEXICO AND DUBAI Growth	-	-	-	-	-	-	-	-
United States	1.12B	-	-	-	-	-	-	-
United States Growth	-	-	-	-	-	-	-	-
Canada	127.83M	-	-	-	-	-	-	-
Canada Growth	-	-	-	-	-	-	-	-
Other	-	-	-	-	-	-	-	-
Other Growth	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

DXP Enterprises, Inc. (DXPE) has a price-to-earnings (P/E) ratio of 28.6x. This suggests investors expect higher future growth.

Growth & Financials

DXP Enterprises, Inc. (DXPE) reported $1.96B in revenue for fiscal year 2024. This represents a 143% increase from $807.0M in 2011.

DXP Enterprises, Inc. (DXPE) grew revenue by 7.4% over the past year. This is steady growth.

Yes, DXP Enterprises, Inc. (DXPE) is profitable, generating $87.2M in net income for fiscal year 2024 (3.9% net margin).

Dividend & Returns

DXP Enterprises, Inc. (DXPE) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.

DXP Enterprises, Inc. (DXPE) has a return on equity (ROE) of 17.5%. This is reasonable for most industries.

DXP Enterprises, Inc. (DXPE) generated $42.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.