DXPE
DXP ENTERPRISES INC
Next earnings Aug 4, 2026 · consensus $1.61 EPS, $554M rev
Last earnings -17.3% on 2026-05-07
$157.98
▼ -3.06%$157.98▲ +79.40%
over 1Y
L $85.53H $181.51
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-3.1%
1W-5.4%
1M+3.0%
3M+10.2%
YTD+46.7%
1Y+79.4%
Hold
Conviction
Horizon
Medium (3–12mo)
Street · 9 analysts
Buy
Excellent operator compounding revenue and margins, but 30x earnings and a cash-flow/leverage divergence leave the price fully reflecting the good news.
Diluted EPS $5.37 · FY2025
The read
Middling fundamentals offset by an attractive price (~19% below fair value) — worth a look on the value angle.
DXP has executed superbly. Revenue has nearly doubled from $1.11B (FY2021) to $2.02B (FY2025), with FY2025 up 11.9% and net income up 25.8% to $88.7M. Crucially, this is not just M&A: the MD&A shows acquisition sales of only $96.0M, so organic sales of $1.92B drove the bulk, and organic sales per business day rose from $6,733 to $7,620 (~13%). Gross margin expanded for a third straight year (30.1% → 30.9% → 31.5%) and operating income grew 21.7% to $177M, lifting operating margin to 8.8%. ROE of 17.8% is strong for a distributor. This is a high-quality, well-run roll-up in industrial MRO/pump distribution.
The problem is the price and two balance-sheet signals. At $162.97 the stock trades at 30.3x FY diluted EPS of $5.37 — a rich multiple for a cyclical, low-net-margin (4.4%) distributor whose own MD&A flags exposure to oil & gas, petrochemical and construction end-markets that are 'cyclical and materially affected by changes in the U.S. and global economy.' PEG is only ~1.1 if 27% EPS growth persists, but that growth rate is acquisition- and cycle-dependent and not guaranteed.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 29, 2026, 11:53 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.11B | $1.48B | $1.68B | $1.80B | $2.02B |
| Gross profit | $329M | $422M | $505M | $556M | $636M |
| Operating income | $39.9M | $97.8M | $139M | $145M | $177M |
| Net income | $16.5M | $48.2M | $68.8M | $70.5M | $88.7M |
| Diluted EPS | $0.83 | $2.47 | $3.89 | $4.22 | $5.37 |
| Net margin | 1.5% | 3.3% | 4.1% | 3.9% | 4.4% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$2.97B
EV / EBITDA14.4
EV / Sales1.5
EV / FCF55.1
P / FCF45.4
PEG (trailing)1.14
Earnings yield3.6%
FCF yield2.2%
Quality & risk
ROIC (est.)10.5%
Free cash flow$54.0M
Total debt$827M
Net cash-$523M
Altman Z-Score3.63 safe
Piotroski F-Score7/9
Capital returns
Buyback yield0.7%
Dividend yield (est.)0.0%
Shareholder yield0.7%
Shares Δ YoY-1.1%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has been improving.
- 8-K Shareholder vote2026-06-18
Annual-meeting vote results: directors elected, routine governance outcome
- 8-K Earnings results2026-05-07
Q1 FY26: growth continues, 31.5% gross margin, strong $304M cash
- 10-Q Quarterly report2026-05-07
Q1 FY26: growth continues, 31.5% gross margin, strong $304M cash
- DEF 14A Proxy statement2026-04-30
Annual proxy: director slate and exec comp, no major governance change
- 8-K Earnings results2026-02-26
FY25: sales $2.02B +12%, net income $88.7M +26%, EPS $5.37 +27%
- 10-K Annual report2026-02-26
FY25: sales $2.02B +12%, net income $88.7M +26%, EPS $5.37 +27%
- 8-K Material agreement2025-12-22
Entered new/expanded debt facility; long-term debt rose to fund M&A growth
- 8-K Earnings results2025-11-06
Q3 FY25: organic + acquisition growth, margins firm
- 10-Q Quarterly report2025-11-06
Q3 FY25: organic + acquisition growth, margins firm
Recent filings
all on EDGAR ↗8-KPeriod ending 2026-06-122026-06-18open ↗4Period ending 2026-05-292026-06-15open ↗144Filing2026-06-15open ↗4Period ending 2026-06-112026-06-11open ↗144Filing2026-06-11open ↗144Filing2026-06-10open ↗144Filing2026-06-09open ↗144Filing2026-06-08open ↗4Period ending 2026-05-212026-05-26open ↗144Filing2026-05-21open ↗4Period ending 2026-05-152026-05-15open ↗4Period ending 2026-05-072026-05-11open ↗
Frequently asked
- Is DXP ENTERPRISES INC (DXPE) a buy?
- DXPE currently carries a Hold rating with 4/5 conviction, derived from its latest SEC filings. Excellent operator compounding revenue and margins, but 30x earnings and a cash-flow/leverage divergence leave the price fully reflecting the good news.
- What is DXPE's fair value?
- A Modified-Graham model based on DXPE's SEC fundamentals estimates a fair value of about $187.59. It is an estimate from reported earnings, not a price target.
- Is DXPE overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, DXPE currently appears undervalued relative to its SEC-grounded earnings power.
- What is DXP ENTERPRISES INC's quality score?
- DXPE scores 71.63324965424297/100 (grade B) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001020710, latest 10-Q filed 2026-05-07) · EODHD · Proprietary analysis · as of 6/30/2026, 3:53:08 AM.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.