DXP Enterprises, Inc.
- Open
- 165.04
- Day high
- 166.65
- Day low
- 162.59
- Prev close
- 164.97
- Volume
- 96K
- Mkt cap
- $2.5B
- P/E (TTM)
- 28.9
- EPS (TTM)
- $5.62
- P/B
- 4.9
- P/S
- 1.2
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$2.8M over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions mixed (13F)
DXP Enterprises, Inc. (DXPE) is a Industrials company listed on NASDAQ. The stock is up 76% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4).
DXP Enterprises, Inc. (DXPE) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
DXPE earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $1.38 | $1.26 | -8.7% | $522M | -1.8% |
| Feb 26, 2026 | $1.30 | $1.39 | +6.9% | $527M | +5.7% |
| Nov 6, 2025 | $1.45 | $1.34 | -7.6% | $514M | +3.0% |
| Aug 6, 2025 | $1.39 | $1.43 | +2.9% | $499M | -0.1% |
| May 7, 2025 | $1.19 | $1.26 | +5.9% | $477M | -0.1% |
| Mar 6, 2025 | $0.89 | $1.38 | +55.1% | $471M | +5.3% |
| Aug 8, 2024 | $0.80 | $1.00 | +25.0% | $446M | +2.7% |
| Mar 7, 2024 | $-0.15 | $0.95 | +733.3% | $407M | -1.0% |
| Apr 14, 2023 | $0.56 | $0.50 | -10.7% | $424M | -10.7% |
| Nov 9, 2022 | $0.60 | $0.78 | +30.0% | $387M | +9.7% |
| Mar 25, 2022 | $0.14 | $0.05 | -64.3% | $293M | +2.9% |
| Dec 8, 2021 | $0.45 | $0.36 | -20.0% | $289M | +1.6% |
DXPE insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 9, 2026 | MANNES JOSEPH Rdirector | Grant | 648 | $165.90 |
| Jul 8, 2026 | Patton Daviddirector | Grant | 648 | $165.90 |
| Jul 8, 2026 | HALTER TIMOTHY Pdirector | Grant | 648 | $165.90 |
| Jul 8, 2026 | Hoffman Karendirector | Grant | 648 | $165.90 |
| Jun 15, 2026 | Santos David Moleroofficer: CHIEF ACCOUNTING OFFICER | Tax | 194 | $144.20 |
| Jun 15, 2026 | Santos David Moleroofficer: CHIEF ACCOUNTING OFFICER | Sell | 1,100 | $171.50 |
| Jun 11, 2026 | MAESTAS PAZofficer: CMO & CTO | Sell | 10,000 | $164.37 |
| May 26, 2026 | HALTER TIMOTHY Pdirector | Sell | 6,842 | $141.59 |
| Apr 20, 2026 | LITTLE NICHOLASofficer: CHIEF OPERATING OFFICER | Tax | 5,821 | $138.82 |
| Apr 10, 2026 | MAESTAS PAZofficer: CMO & CTO | Tax | 2,064 | $138.63 |
| Apr 10, 2026 | Santos David Moleroofficer: CHIEF ACCOUNTING OFFICER | Tax | 603 | $138.04 |
| Apr 10, 2026 | LITTLE DAVID Rdirector, 10 percent owner, officer: Chairman & CEO | Tax | 22,501 | $138.82 |
| Apr 10, 2026 | Jeffery John Jayofficer: SVP | Tax | 723 | $138.68 |
| Apr 9, 2026 | Gregory Christopher Tofficer: CIO | Tax | 2,065 | $138.63 |
| Apr 9, 2026 | Wick Stephen Norbertofficer: VP Controller | Tax | 315 | $138.21 |
Source: DXPE SEC Form 4 filings, latest Jul 9, 2026. For informational purposes only — not investment advice.
See the full DXPE insider & 13F page →DXP Enterprises, Inc. company profile
Overview
DXP Enterprises, Inc. (NASDAQ:DXPE) is a Houston-based industrial distribution company founded in 1908 that has evolved from a regional distributor into a comprehensive provider of maintenance, repair, and operating (MRO) products and services. The company serves energy and industrial customers primarily across the United States and Canada through three distinct business segments. Over its 116-year history, DXP has grown through both organic expansion and strategic acquisitions, transforming from a traditional distributor into a diversified industrial services provider with expertise in technical solutions, supply chain management, and custom equipment manufacturing.
Business
DXP Enterprises operates in the industrial distribution sector, which serves as a critical intermediary between manufacturers and end-users in industrial markets. The company provides maintenance, repair, and operating (MRO) products - essentially the consumable parts, tools, and equipment that keep industrial facilities running smoothly. Think of MRO as the industrial equivalent of office supplies, but for factories, refineries, and manufacturing plants. The company operates through three complementary business segments: 1. Service Centers (68.6% of revenue): This traditional distribution business offers a comprehensive range of MRO products including rotating equipment (pumps, motors, gearboxes), bearings, power transmission components, hoses, hydraulic systems, metalworking tools, fasteners, and safety equipment. These centers function like specialized hardware stores for industrial customers, providing both products and technical expertise to help solve operational challenges. 2. Supply Chain Services (13.3% of revenue): This segment provides outsourced procurement and inventory management solutions for large industrial customers. Services include SmartAgreement (procurement solutions), SmartBuy (centralized purchasing), SmartSource (on-site storeroom management), and SmartVend (automated dispensing systems). This is essentially a business-to-business service that helps companies optimize their purchasing and inventory costs. 3. Innovative Pumping Solutions (18.1% of revenue): This manufacturing-focused segment fabricates custom pump packages, remanufactures existing pumps, and produces private-label pumps. This segment has shown the strongest growth, expanding 38.5% year-over-year as DXP has strategically acquired companies in the water and wastewater treatment markets. The company serves diverse end markets including oil and gas (23% of business), water and wastewater treatment (10%), food and beverage manufacturing (7%), and general industrial applications (13%). This diversification strategy has been intentional, as DXP has worked to reduce its historical dependence on the cyclical energy sector.
Revenue model
DXP generates revenue through multiple complementary business models across its three segments. The Service Centers operate on a traditional distribution model, purchasing products from manufacturers and reselling them to end customers with markup margins. Revenue comes from product sales with typical gross margins around 30-31%. The Supply Chain Services segment operates on a service fee model, charging customers for procurement management, inventory optimization, and logistics services. This creates more predictable, recurring revenue streams. The Innovative Pumping Solutions segment combines manufacturing revenue from custom pump fabrication with service revenue from pump remanufacturing and maintenance. The company's primary customers are industrial facilities that require ongoing maintenance and operational support. These include oil and gas operators, chemical plants, food and beverage manufacturers, water treatment facilities, mining operations, and general manufacturing companies. The customer base tends to be sticky due to the technical nature of the products and the critical role MRO supplies play in preventing costly equipment downtime. Several factors influence DXP's profitability margins. Positive margin drivers include the company's shift toward higher-margin technical products and services, expansion in the water and wastewater markets which typically command premium pricing, and operational leverage from supply chain services. The company's technical expertise allows it to provide value-added services that command higher margins than commodity distribution. Negative margin pressures include commodity price inflation that can compress margins if not passed through to customers quickly enough, competitive pricing pressure in mature markets, and the cyclical nature of energy and industrial spending. Tariff uncertainties and supply chain disruptions can also impact both costs and customer demand patterns. DXP's diversification strategy across multiple end markets helps mitigate some cyclical risks, though the company remains sensitive to overall industrial activity levels and capital expenditure cycles in its core markets.
Competitive moat
DXP Enterprises operates in a moderately competitive industrial distribution market with several defensive characteristics but limited true moat strength. The company's primary competitive advantages stem from its technical expertise and customer relationships built over decades of service. Industrial customers often prefer working with distributors who understand their specific operational challenges and can provide technical support beyond simple product delivery. This creates switching costs, as changing distributors requires retraining staff and rebuilding institutional knowledge. The company's geographic footprint and local presence provides some competitive protection, particularly for emergency and just-in-time deliveries that are critical in industrial operations. DXP's supply chain services segment offers stronger defensive characteristics through long-term contracts and embedded procurement systems that create higher switching costs for customers. However, DXP's moat is not particularly strong. The industrial distribution industry faces significant competitive pressures from multiple directions. Large national distributors like Grainger, Fastenal, and MSC Industrial Direct have greater scale, broader product offerings, and more resources for technology investment. Direct manufacturer sales pose an ongoing threat as suppliers may choose to bypass distributors for large customers. E-commerce platforms and digital marketplaces are increasingly competing on price and convenience for standardized products. The company's most defensible position lies in its technical services and custom solutions capability, particularly in the Innovative Pumping Solutions segment where specialized knowledge and manufacturing capabilities create higher barriers to entry. However, even this advantage is limited by the relatively fragmented nature of the pump and rotating equipment markets. Overall, DXP operates in a competitive industry where success depends more on execution, customer service, and operational efficiency than on sustainable competitive advantages. The company's diversification strategy and focus on higher-value technical services represent efforts to strengthen its competitive position, but these do not constitute a strong economic moat.
Risks & safety
DXP demonstrates moderate financial stability with some areas of concern regarding leverage and cash generation consistency. • Liquidity and Solvency: Strong current ratio of 2.70 and quick ratio of 2.29 indicate solid short-term liquidity. Cash position of $114 million provides adequate working capital buffer. • Debt Burden: Elevated debt-to-equity ratio of 1.55 reflects significant leverage from acquisition financing. Total liabilities of $938 million against $445 million in equity creates meaningful financial risk. • Cash Flow Inconsistency: Free cash flow turned negative at -$17 million in Q1 2025 after positive $77 million for full year 2024, indicating working capital volatility and capital expenditure demands. • Valuation Metrics: Trading at 15.7x earnings and 9.2x EV/EBITDA suggests reasonable but not compelling valuation. Price-to-book of 2.9x reflects premium to tangible assets. • Operational Concerns: EBITDA margins around 10-11% provide limited cushion during downturns. Revenue concentration in cyclical industrial markets creates earnings volatility risk. • Interest Coverage: Debt refinancing reduced borrowing costs, but elevated leverage limits financial flexibility during economic stress periods.
Recent development
Over the past several years, DXP has executed a strategic transformation focused on diversification and value-added services. The company completed seven acquisitions in 2024 alone, primarily targeting water and wastewater treatment companies to reduce dependence on the cyclical energy sector. This acquisition strategy has been particularly successful in the Innovative Pumping Solutions segment, which grew 47.7% in 2024 and now represents 18% of total revenue. The company has systematically diversified its end market exposure, reducing oil and gas dependence from historical levels to 23% of business while building positions in water/wastewater (10%), food and beverage (7%), and general industrial markets (13%). This diversification strategy aims to create more stable, less cyclical revenue streams. DXP has also invested heavily in supply chain technology and services, developing proprietary solutions like SmartAgreement, SmartBuy, and SmartVend to provide customers with integrated procurement and inventory management. These digital tools create stickier customer relationships and higher-margin revenue streams compared to traditional distribution. The company completed a debt refinancing that reduced borrowing costs by 100 basis points while maintaining capacity for continued acquisitions. Management has articulated an ambitious goal to double the business size within 3-5 years through a combination of organic growth (targeting 10% annually) and strategic acquisitions (2-4 deals per year). Recent operational improvements include expanding technical services capabilities, particularly in rotating equipment repair and automation expertise. The company has also maintained an opportunistic share repurchase program while investing in organic growth initiatives across all three business segments.
DXPE company profile · for informational purposes only — not investment advice.
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