DXPE on Nasdaq
DXP ENTERPRISES INC
American wholesale-industrial machinery and equipment company. Summary from the record
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Last updated Oct 19, 2026.
Overview
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- TickerDXPE on Nasdaq1
- IndustryWholesale-Industrial Machinery & Equipment1
- HeadquartersHouston, Texas1
- Incorporated inTX2
- Business address5301 Hollister Street, Houston, Tx 770402
- Filer categoryLarge accelerated filer2
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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 S…3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
31.5%Gross margin4
8.8%Operating margin4
4.4%Net margin4
11.9%Revenue growth, 20254
17.8%Return on equity4
1.64×Debt to equity4
$54.0MFree cash flow4
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Organic Sales brought in 95% of the revenue DXP ENTERPRISES INC broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Organic Sales | $1.6B | $1.7B | $1.9B |
| Acquisition Sales | $33.1M | $98.5M | $96.0M |
Business segments
Service Centers brought in 68% of the revenue DXP ENTERPRISES INC broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Service Centers | $1.2B | $1.2B | $1.4B |
| Innovative Pumping Solutions | $203.6M | $308.9M | $390.3M |
| Supply Chain Services | $260.4M | $256.4M | $252.9M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue68¢$1.4B
- Selling, general and admin23¢$459.1M
- Other costs3¢$57.6M
- Income tax2¢$30.5M
- Profit4¢$88.7M
Out of $2.0B in revenue.4
Where each dollar of operating cash went, fiscal 2025
- Capital spending43¢$40.3M
- Dividends paid0¢$90.0K
- Share buybacks18¢$17.1M
- Kept or used elsewhere39¢$36.8M
Out of $94.3M of cash from operations.4
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Sales | $2.0B | $1.8B | $1.7B |
| Cost of sales | $1.4B | $1.2B | $1.2B |
| Gross profit | $635.9M | $556.3M | $505.3M |
| Selling, general and administrative expenses | $459.1M | $410.9M | $366.6M |
| Income from operations | $176.9M | $145.4M | $138.7M |
| Interest expense | $60.5M | $63.9M | $53.1M |
| Other (income) expense, net | -$2.9M | -$3.5M | -$1.4M |
| Income before income taxes | $119.2M | $85.0M | $86.9M |
| Provision for income taxes (Note 10) | $30.5M | $14.5M | $18.1M |
| Net income | $88.7M | $70.5M | $68.8M |
| Preferred stock dividend | $90.0K | $90.0K | $90.0K |
| Net income attributable to common shareholders | $88.6M | $70.4M | $68.7M |
| Foreign currency translation adjustments | $3.0M | -$2.4M | $435.0K |
| Comprehensive income | $91.7M | $68.1M | $69.2M |
| Basic (in dollars per share) | $5.65 | $4.44 | $4.07 |
| Diluted (in dollars per share) | $5.37 | $4.22 | $3.89 |
| Basic (in shares) | 15.7M shares | 15.9M shares | 16.9M shares |
| Diluted (in shares) | 16.5M shares | 16.7M shares | 17.7M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash | $303.8M | $148.3M | ||
| Restricted cash | $0 | $91.0K | ||
| Accounts receivable, net of allowance of $3,995 and $5,172, respectively | $397.5M | $339.4M | ||
| Inventories | $108.1M | $103.1M | ||
| Costs and estimated profits in excess of billings | $53.9M | $50.7M | $42.3M | |
| Prepaid expenses and other current assets | $47.0M | $20.2M | ||
| Total current assets | $910.3M | $661.9M | ||
| Property and equipment, net | $114.8M | $81.6M | ||
| Goodwill | $494.6M | $452.3M | $344.0M | |
| Other intangible assets, net | $81.4M | $85.7M | ||
| Operating lease right of use assets, net | $74.7M | $46.6M | ||
| Other long-term assets | $9.4M | $21.5M | ||
| Total assets | $1.7B | $1.3B | ||
| Current maturities of debt | $8.6M | $6.6M | ||
| Trade accounts payable | $116.8M | $103.7M | ||
| Accrued wages and benefits | $51.2M | $41.6M | ||
| Customer advances | $15.5M | $13.7M | ||
| Billings in excess of costs and estimated profits | $15.7M | $12.7M | $9.5M | |
| Short-term operating lease liabilities | $19.0M | $14.9M | ||
| Other current liabilities | $45.8M | $50.8M | ||
| Total current liabilities | $272.5M | $244.0M | ||
| Long-term debt, net of unamortized debt issuance costs and discounts | $818.5M | $621.7M | ||
| Long-term operating lease liabilities | $57.5M | $33.2M | ||
| Other long-term liabilities | $38.2M | $27.9M | ||
| Total long-term liabilities | $914.2M | $682.7M | ||
| Total liabilities | $1.2B | $926.7M | ||
| Common stock, $0.01 par value, 100,000,000 shares authorized; 20,403,647 issued and 15,513,590 outstanding at December 31, 2025 and 20,402,861 issued and 15,695,088 outstanding at December 31, 2024 | $204.0K | $204.0K | ||
| Additional paid-in capital | $220.7M | $219.5M | ||
| Retained earnings | $478.3M | $389.7M | ||
| Accumulated other comprehensive loss | -$30.6M | -$33.6M | ||
| Treasury stock, at cost 4,890,057 and 4,707,773 shares, respectively | -$170.1M | -$153.0M | ||
| Total DXP Enterprises, Inc. equity | $498.4M | $422.8M | $380.9M | $365.4M |
| Total liabilities and equity | $1.7B | $1.3B | ||
| Allowances for doubtful accounts | $4.0M | $5.2M | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 100.0M shares | 100.0M shares | ||
| Common stock, shares, issued (in shares) | 20.4M shares | 20.4M shares | ||
| Common stock, shares outstanding (in shares) | 15.5M shares | 15.7M shares | ||
| Treasury stock, at cost (in shares) | 4.9M shares | 4.7M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash | $303.8M | $148.3M | ||
| Restricted cash | $0 | $91.0K | ||
| Accounts receivable, net of allowance of $3,995 and $5,172, respectively | $397.5M | $339.4M | ||
| Inventories | $108.1M | $103.1M | ||
| Costs and estimated profits in excess of billings | $53.9M | $50.7M | $42.3M | |
| Prepaid expenses and other current assets | $47.0M | $20.2M | ||
| Total current assets | $910.3M | $661.9M | ||
| Property and equipment, net | $114.8M | $81.6M | ||
| Goodwill | $494.6M | $452.3M | $344.0M | |
| Other intangible assets, net | $81.4M | $85.7M | ||
| Operating lease right of use assets, net | $74.7M | $46.6M | ||
| Other long-term assets | $9.4M | $21.5M | ||
| Total assets | $1.7B | $1.3B | ||
| Current maturities of debt | $8.6M | $6.6M | ||
| Trade accounts payable | $116.8M | $103.7M | ||
| Accrued wages and benefits | $51.2M | $41.6M | ||
| Customer advances | $15.5M | $13.7M | ||
| Billings in excess of costs and estimated profits | $15.7M | $12.7M | $9.5M | |
| Short-term operating lease liabilities | $19.0M | $14.9M | ||
| Other current liabilities | $45.8M | $50.8M | ||
| Total current liabilities | $272.5M | $244.0M | ||
| Long-term debt, net of unamortized debt issuance costs and discounts | $818.5M | $621.7M | ||
| Long-term operating lease liabilities | $57.5M | $33.2M | ||
| Other long-term liabilities | $38.2M | $27.9M | ||
| Total long-term liabilities | $914.2M | $682.7M | ||
| Total liabilities | $1.2B | $926.7M | ||
| Common stock, $0.01 par value, 100,000,000 shares authorized; 20,403,647 issued and 15,513,590 outstanding at December 31, 2025 and 20,402,861 issued and 15,695,088 outstanding at December 31, 2024 | $204.0K | $204.0K | ||
| Additional paid-in capital | $220.7M | $219.5M | ||
| Retained earnings | $478.3M | $389.7M | ||
| Accumulated other comprehensive loss | -$30.6M | -$33.6M | ||
| Treasury stock, at cost 4,890,057 and 4,707,773 shares, respectively | -$170.1M | -$153.0M | ||
| Total DXP Enterprises, Inc. equity | $498.4M | $422.8M | $380.9M | $365.4M |
| Total liabilities and equity | $1.7B | $1.3B | ||
| Allowances for doubtful accounts | $4.0M | $5.2M | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 100.0M shares | 100.0M shares | ||
| Common stock, shares, issued (in shares) | 20.4M shares | 20.4M shares | ||
| Common stock, shares outstanding (in shares) | 15.5M shares | 15.7M shares | ||
| Treasury stock, at cost (in shares) | 4.9M shares | 4.7M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $88.7M | $70.5M | $68.8M |
| Depreciation | $10.4M | $9.0M | $8.4M |
| Amortization of intangibles and finance lease assets | $28.5M | $24.4M | $21.7M |
| Amortization of debt issuance costs | $4.0M | $3.6M | $3.0M |
| Gain on sale of property and equipment | -$491.0K | $0 | $0 |
| Provision for (recovery of) credit losses | $220.0K | -$887.0K | -$885.0K |
| Payment of contingent consideration liability in excess of acquisition-date fair value | -$1.2M | -$108.0K | -$160.0K |
| Fair value adjustment on contingent consideration | $1.4M | $745.0K | $1.7M |
| Loss on debt extinguishment | $0 | $494.0K | $1.2M |
| Restricted stock compensation expense | $5.7M | $4.7M | $3.1M |
| Deferred income taxes | $27.4M | -$15.0M | -$9.1M |
| Other non-cash items | -$11.4M | $3.9M | $2.3M |
| Accounts receivable | -$41.5M | -$12.6M | $13.3M |
| Cost and estimated profits in excess of billings | -$3.1M | -$8.5M | -$18.7M |
| Inventories | $1.0M | $8.4M | -$2.0M |
| Prepaid expenses and other assets | -$5.7M | $2.6M | $3.8M |
| Trade accounts payable | $532.0K | -$3.5M | $2.1M |
| Accrued expenses | $17.9M | $2.0M | $5.6M |
| Billings in excess of costs and estimated profits | $3.0M | $3.3M | -$916.0K |
| Income taxes | -$31.0M | $9.0M | $2.8M |
| Net cash provided by operating activities | $94.3M | $102.2M | $106.2M |
| Purchase of property and equipment | -$40.3M | -$25.1M | -$12.3M |
| Proceeds from the sale of property and equipment | $2.7M | $0 | $0 |
| Acquisition of businesses, net of cash acquired | -$61.7M | -$156.6M | -$10.4M |
| Net cash used in investing activities | -$99.2M | -$181.7M | -$22.6M |
| Borrowings on asset-backed credit facility | $0 | $6.0M | $7.9M |
| Repayments on asset-backed credit facility | $0 | -$6.0M | -$7.9M |
| Proceeds from issuance of Senior Secured Term Loan B, net of deferred financing costs | $848.0M | $649.5M | $550.0M |
| Repayments on Senior Secured Term Loan B | -$643.0M | -$544.5M | -$424.9M |
| Principal payments on debt | -$7.1M | -$5.7M | -$4.7M |
| Debt issuance costs | -$3.2M | -$2.3M | -$12.1M |
| Shares repurchased held in treasury | -$17.1M | -$29.0M | -$56.2M |
| Payment for acquisition contingent consideration liability | -$7.5M | -$5.0M | -$5.7M |
| Preferred stock dividends paid | -$90.0K | -$90.0K | -$90.0K |
| Payment for employee taxes withheld from stock awards | -$4.5M | -$1.8M | -$527.0K |
| Principal payments on finance leases | -$6.6M | -$4.2M | -$2.3M |
| Net cash provided by financing activities | $158.9M | $56.8M | $43.6M |
| Effect of foreign currency on cash | $1.5M | -$2.1M | -$60.0K |
| Net change in cash and restricted cash | $155.4M | -$24.8M | $127.1M |
No quarter-by-quarter statement was filed.
Leadership
Who has led DXP ENTERPRISES INC, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerDavid R. Little Feb 6, 2006 to now12
- ChairDavid R. Little Feb 6, 2006 to now12
- Chief financial officerKent Nee Hung Yee Aug 14, 2017 to now13
- Chief financial officerCharles R. Strader Apr 30, 2008 to Jan 13, 200914
- Chief financial officerHugh H. McConnell Feb 6, 2006 to Apr 10, 201715
- Chief operating officerNicholas Little Jan 21, 2022 to now16
Board members and other officers (24)
- CHIEF ACCOUNTING OFFICERDavid Molero Santos Jun 21, 2023 to now17
- CMO & CTOPaz Maestas Jan 13, 2022 to now18
- Sr. Vice PresidentChristopher T. Gregory Feb 23, 2018 to now19
- SVP/Chief Accounting OfficerGene Padgett May 31, 2018 to May 26, 202220
- Sr. V.P. CAOHugh H. McConnell Aug 14, 2017 to Feb 7, 201821
- Sr. Vice PresidentKevin Jay Randle Dec 14, 2015 to Dec 14, 201522
- SR VP LEGAL COUNSELGary A. Messersmith Feb 15, 2013 to Sep 16, 201623
- Sr. Vice PresidentKent Nee Hung Yee Mar 4, 2011 to Dec 17, 202124
- SR VP CIOWayne Crane Aug 31, 2011 to Feb 6, 201825
- Sr. Vice PresidentTodd Hamlin May 28, 2010 to Feb 12, 202426
- Sr. Vice President of ITSuzhanna M. Dahle Mar 19, 2007 to Jan 13, 200927
- Sr. V.P. SalesJ. Michael Wappler Feb 6, 2006 to Apr 17, 200928
- Sr. V.P. OperationsDavid C. Vinson Feb 7, 2006 to now29
- Sr. V.P.Gregory Stephen Oliver Oct 26, 2006 to Feb 3, 201030
- Sr. V.P.John Jay Jeffery Oct 26, 2006 to now31
- V.P. & ControllerStephen Norbert Wick Oct 26, 2006 to now32
- Board memberKent Nee Hung Yee Mar 2, 2022 to now33
- Board memberKaren Hoffman Nov 15, 2021 to now34
- Board memberJoseph R. Mannes Jun 9, 2020 to now35
- Board memberDavid Patton Jul 13, 2016 to now36
- Board memberBryan H. Wimberly Oct 24, 2013 to Jul 5, 201637
- Board memberCharles R. Strader Nov 15, 2007 to Apr 27, 201038
- Board memberCletus Davis Feb 6, 2006 to Mar 1, 202139
- Board memberTimothy P. Halter Feb 6, 2006 to now40
Former names
- INDEX INCAug 13, 1996 to Apr 17, 19972
Timeline
- Feb 6, 2006New chief executive David R. Little becomes CEO12
Filings
363 filings to the SEC since October 2021: 8 annual reports, 17 quarterly reports, 47 major events, 219 insider forms, 26 large holders, 46 other. The latest 20:
- Aug 13, 2026SCHEDULE 13G/A EDGAR
- Aug 11, 20264 EDGAR
- Aug 6, 202610-Q EDGAR
- Aug 6, 20268-K EDGAR
- Jul 10, 20268-K EDGAR
- Jul 9, 20264 EDGAR
- Jul 8, 20264 EDGAR
- Jul 8, 20264 EDGAR
- Jul 8, 20264 EDGAR
- Jun 18, 20268-K EDGAR
- Jun 15, 2026144 EDGAR
- Jun 15, 20264 EDGAR
- Jun 11, 2026144 EDGAR
- Jun 11, 20264 EDGAR
- Jun 10, 2026144 EDGAR
- Jun 9, 2026144 EDGAR
- Jun 8, 2026144 EDGAR
- May 26, 20264 EDGAR
- May 21, 2026144 EDGAR
- May 15, 20264 EDGAR
The 363 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
38 open-market trades by officers, directors and large owners since October 2021: 2 buys and 36 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 15, 2026 | Santos David MoleroCHIEF ACCOUNTING OFFICER | Sale | 1,100 | $171.50 | $188.7K | Form 4 |
| Jun 11, 2026 | MAESTAS PAZCMO & CTO | Sale | 10,000 | $164.37 | $1.6M | Form 4 |
| May 21, 2026 | HALTER TIMOTHY PDirector | Sale | 6,842 | $141.59 | $968.8K | Form 4 |
| Mar 26, 2026 | HALTER TIMOTHY PDirector | Sale | 5,000 | $139.57 | $697.9K | Form 4 |
| Mar 9, 2026 | MANNES JOSEPH RDirector | Sale | 1,500 | $137.95 | $206.9K | Form 4 |
| Dec 31, 2025 | YEE KENT NEE HUNGCFO | Buy | 178 | $109.79 | $19.5K | Form 4 |
| Sep 25, 2025 | Gregory Christopher TCIO | Sale | 4,477 | $119.76 | $536.2K | Form 4 |
| Sep 22, 2025 | LITTLE NICHOLASCHIEF OPERATING OFFICER | Sale | 20,440 | $118.53 | $2.4M | Form 4 |
| Aug 22, 2025 | Jeffery John JaySVP | Sale | 2,000 | $125.43 | $250.9K | Form 4 |
| Aug 22, 2025 | Hoffman KarenDirector | Sale | 2,399 | $125.00 | $299.9K | Form 4 |
| Aug 18, 2025 | MAESTAS PAZCMO & CTO | Sale | 5,000 | $120.11 | $600.5K | Form 4 |
| Aug 14, 2025 | Jeffery John JaySVP | Sale | 2,000 | $119.00 | $238.0K | Form 4 |
| Aug 13, 2025 | Jeffery John JaySVP | Sale | 2,000 | $120.25 | $240.5K | Form 4 |
| Aug 12, 2025 | Gregory Christopher TCIO | Sale | 5,000 | $122.00 | $610.0K | Form 4 |
| Jun 30, 2025 | LITTLE NICHOLASCHIEF OPERATING OFFICER | Sale | 45,938 | $87.73 | $4.0M | Form 4 |
| Jun 24, 2025 | MAESTAS PAZCMO & CTO | Sale | 2,000 | $81.16 | $162.3K | Form 4 |
| Jun 18, 2025 | MAESTAS PAZCMO & CTO | Sale | 3,000 | $79.09 | $237.3K | Form 4 |
| Jun 11, 2025 | Santos David MoleroCHIEF ACCOUNTING OFFICER | Sale | 650 | $81.30 | $52.8K | Form 4 |
| May 21, 2025 | MAESTAS PAZCMO & CTO | Sale | 3,000 | $87.00 | $261.0K | Form 4 |
| May 14, 2025 | HALTER TIMOTHY PDirector | Sale | 5,000 | $89.00 | $445.0K | Form 4 |
All 38 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Wellington Management CompanySCHEDULE 13G/A, 3 filings Feb 10, 2025 to Aug 13, 202641
- FMR LLCSCHEDULE 13G/A, 4 filings Feb 12, 2025 to May 6, 202642
- VANGUARD GROUP INCSCHEDULE 13G/A, 4 filings Feb 9, 2022 to Mar 26, 202643
- DIMENSIONAL FUND ADVISORS LPSCHEDULE 13G/A, 5 filings Feb 8, 2022 to Oct 9, 202544
- AMERICAN CENTURY INVESTMENT MANAGEMENT INCSC 13G/A, 3 filings Feb 4, 2022 to Feb 12, 202445
- Nantahala Capital Management, LLCSC 13G/A, 2 filings Feb 14, 2022 to Feb 14, 202346
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 18SEC EDGARPaz Maestas, CMO & CTO
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- 21SEC EDGARHugh H. McConnell, Sr. V.P. CAO
- 22SEC EDGARKevin Jay Randle, Sr. Vice President
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- 25SEC EDGARWayne Crane, SR VP CIO
- 26SEC EDGARTodd Hamlin, Sr. Vice President
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- 28SEC EDGARJ. Michael Wappler, Sr. V.P. Sales
- 29SEC EDGARDavid C. Vinson, Sr. V.P. Operations
- 30SEC EDGARGregory Stephen Oliver, Sr. V.P.
- 31SEC EDGARJohn Jay Jeffery, Sr. V.P.
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- 33SEC EDGARKent Nee Hung Yee, Board member
- 34SEC EDGARKaren Hoffman, Board member
- 35SEC EDGARJoseph R. Mannes, Board member
- 36SEC EDGARDavid Patton, Board member
- 37SEC EDGARBryan H. Wimberly, Board member
- 38SEC EDGARCharles R. Strader, Board member
- 39SEC EDGARCletus Davis, Board member
- 40SEC EDGARTimothy P. Halter, Board member
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