10-K · February 26, 2026
DXP Enterprises reported multi-year top-line growth to $2,016.0 million in 2025 (from $1,802.0M in 2024 and $1,679.0M in 2023) with operating income of $177.0 million (8.8% margin) and EBITDA of $219.0 million (10.8%…
Earnings analysis · 10-Q
DXPE earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
DXP Enterprises (DXPE) reported Q1 2026 results with revenues of $521.7 million, a slight year-over-year increase of 9.5%, but missing consensus estimates of $531.2 million. Diluted EPS stood at $1.22, down from $1.25…
Read full summary
DXP Enterprises (DXPE) reported Q1 2026 results with revenues of $521.7 million, a slight year-over-year increase of 9.5%, but missing consensus estimates of $531.2 million. Diluted EPS stood at $1.22, down from $1.25 in the previous year. Despite segment growth particularly in the Innovative Pumping Solutions segment, overall profitability was impacted by rising SG&A expenses and increased interest costs, leading to a net income decrease from $20.6 million to $20.0 million.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.22
- Segment
- Service Centers
- Segment
- Innovative Pumping Solutions
- Segment
- Supply Chain Services
What stood out
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Revenue Growth of 9.5%
Q1 revenue increased to $521.7 million from $476.6 million year-over-year.
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Free Cash Flow Generation
Free cash flow turned positive at $26.3 million, rebounding from a negative $16.9 million in Q1 2025.
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Solid Performance in IPS Segment
Innovative Pumping Solutions segment revenue rose by 37.7% to $118.7 million, growing due to acquisitions.
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Improved Gross Margin
Gross margin improved to 32.3%, up from 31.5% in the same quarter last year.
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Stable Operating Income
Operating income rose to $42.5 million, reflecting continued operational efficiency despite higher SG&A expenses.
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Increase in Segment Revenues
All segments posted revenue increases, with Service Centers up 3.3% and Supply Chain Services up 2.7%.
What to watch
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Earnings Misses Expectations
Reported EPS of $1.22 fell short of estimates of $1.31, indicating potential downside risk.
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Increase in Interest Expense
Interest expense rose to $16.4 million from $14.7 million due to refinancing activities.
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High Debt Levels
Total debt as of March 31, 2026, stood at $844.7 million, potentially straining liquidity.
Management's outlook
Outlook discusses increased acquisition activity but does not provide specific numeric guidance.
Earlier filings 4
10-Q · November 6, 2025
DXP reported Q3 sales of $513,724,000, up from $472,935,000 a year earlier, with gross profit rising to $161,259,000 and operating income to $43,698,000. Diluted EPS was $1.31 (vs. $1.27 in Q3 2024). Liquidity and…
10-Q · August 7, 2025
DXP reported a stronger quarter: sales of $498,682 (in thousands) and diluted EPS of $1.43 for the three months ended June 30, 2025, both up materially versus the year-ago quarter. Margins expanded (gross profit…
10-K · March 10, 2025
DXP reports multi-year organic and acquisitive growth: revenue rose to $1,802.0 million in 2024 (from $1,679.0M in 2023) with operating income of $145.0 million and an operating margin of 8.1%. Management emphasizes a…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.