DXP Enterprises (DXPE)
Market Price (10/11/2026): $180.58 | Market Cap: $2.8 BilSector: Industrials | Industry: Trading Companies & Distributors
DXP Enterprises (DXPE)
Market Price (10/11/2026): $180.58Market Cap: $2.8 BilSector: IndustrialsIndustry: Trading Companies & Distributors
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Automation & Robotics, Water Infrastructure, and US Energy Independence. Themes include Factory Automation, Show more. | Key risksDXPE key risks include [1] high sensitivity to volatility in oil and gas industry expenditures and [2] challenges integrating the acquired businesses that are central to its growth strategy. |
| Megatrend and thematic driversMegatrends include Automation & Robotics, Water Infrastructure, and US Energy Independence. Themes include Factory Automation, Show more. |
| Key risksDXPE key risks include [1] high sensitivity to volatility in oil and gas industry expenditures and [2] challenges integrating the acquired businesses that are central to its growth strategy. |
Qualitative Assessment
AI Analysis | Feedback
DXP Enterprises (DXPE) stock has gained about 5% since 6/30/2026 because of the following key factors:
1. DXP Enterprises reported strong financial results for its fiscal Q2 2026, surpassing analyst expectations. The company announced its second quarter results on August 5, 2026, with diluted earnings per share (EPS) of $1.76, beating the consensus estimate of $1.59 by $0.17. Additionally, sales for fiscal Q2 2026 increased by 15.6% year-over-year, reaching $576.5 million, which exceeded analyst estimates of $543 million. This robust performance, including a 22.8% increase in Adjusted EBITDA to $70.4 million, signaled strong operational execution and contributed significantly to investor confidence.
2. The company enhanced its financial flexibility through an expanded credit facility and received a credit rating upgrade. On July 9, 2026, DXP Enterprises expanded its asset-based revolving credit facility to provide up to $225.0 million in revolving loans, with potential for further increases. This move likely improved liquidity and capacity for strategic initiatives. Following this, S&P Global Ratings upgraded DXP Enterprises to 'B+' on July 20, 2026, based on a forecast for low leverage and a conservative financial policy, anticipating adjusted debt to EBITDA to typically be in the 3x-4x range. These actions collectively suggested a stronger financial position and reduced risk perception.
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DXP Enterprises (DXPE) stock has gained about 5% since 6/30/2026 because of the following key factors:
1. DXP Enterprises reported strong financial results for its fiscal Q2 2026, surpassing analyst expectations. The company announced its second quarter results on August 5, 2026, with diluted earnings per share (EPS) of $1.76, beating the consensus estimate of $1.59 by $0.17. Additionally, sales for fiscal Q2 2026 increased by 15.6% year-over-year, reaching $576.5 million, which exceeded analyst estimates of $543 million. This robust performance, including a 22.8% increase in Adjusted EBITDA to $70.4 million, signaled strong operational execution and contributed significantly to investor confidence.
2. The company enhanced its financial flexibility through an expanded credit facility and received a credit rating upgrade. On July 9, 2026, DXP Enterprises expanded its asset-based revolving credit facility to provide up to $225.0 million in revolving loans, with potential for further increases. This move likely improved liquidity and capacity for strategic initiatives. Following this, S&P Global Ratings upgraded DXP Enterprises to 'B+' on July 20, 2026, based on a forecast for low leverage and a conservative financial policy, anticipating adjusted debt to EBITDA to typically be in the 3x-4x range. These actions collectively suggested a stronger financial position and reduced risk perception.
3. Positive analyst sentiment and upgraded price targets fueled investor optimism. Several financial firms reiterated or upgraded their outlook on DXPE. Notably, Stephens raised its price target for DXP Enterprises to $220.00 and maintained an "overweight" rating on August 7, 2026. Furthermore, Weiss Ratings upgraded the company from a "buy (b-)" to a "buy (b)" rating on September 29, 2026. The consensus among Wall Street analysts reflects a "Moderate Buy" rating, with an average 12-month price target of $187.00 and a high forecast of $220.00, signaling continued confidence in the stock's future performance.
4. Favorable market conditions in industrial distribution and strategic acquisitions supported growth. The stock benefited from a broader sector-wide uplift driven by renewed optimism in industrial end markets. DXP's strategic initiatives, including a robust acquisition pipeline and diversification into new markets such as water, air compressors, and data centers, were noted to position the company for accelerated top-line growth and increased earnings power. Acquisitions contributed $49.8 million to sales in fiscal Q2 2026, highlighting the impact of this growth strategy.
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Stock Movement Drivers
Fundamental Drivers
The 7.2% change in DXPE stock from 6/30/2026 to 10/10/2026 was primarily driven by a 3.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 6302026 | 10102026 | Change |
|---|---|---|---|
| Stock Price ($) | 168.74 | 180.92 | 7.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,061 | 2,139 | 3.8% |
| Net Income Margin (%) | 4.3% | 4.4% | 1.9% |
| P/E Multiple | 29.8 | 30.1 | 1.2% |
| Shares Outstanding (Mil) | 16 | 16 | 0.2% |
| Cumulative Contribution | 7.2% |
Market Drivers
6/30/2026 to 10/10/2026| Return | Correlation | |
|---|---|---|
| DXPE | 7.2% | |
| Market (SPY) | 4.3% | 35.0% |
| Sector (XLI) | -8.6% | 40.3% |
Fundamental Drivers
The 29.5% change in DXPE stock from 3/31/2026 to 10/10/2026 was primarily driven by a 22.6% change in the company's P/E Multiple.| (LTM values as of) | 3312026 | 10102026 | Change |
|---|---|---|---|
| Stock Price ($) | 139.73 | 180.92 | 29.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,016 | 2,139 | 6.1% |
| Net Income Margin (%) | 4.4% | 4.4% | -1.0% |
| P/E Multiple | 24.6 | 30.1 | 22.6% |
| Shares Outstanding (Mil) | 16 | 16 | 0.5% |
| Cumulative Contribution | 29.5% |
Market Drivers
3/31/2026 to 10/10/2026| Return | Correlation | |
|---|---|---|
| DXPE | 29.5% | |
| Market (SPY) | 20.0% | 38.0% |
| Sector (XLI) | 4.9% | 44.4% |
Fundamental Drivers
The 51.9% change in DXPE stock from 9/30/2025 to 10/10/2026 was primarily driven by a 39.6% change in the company's P/E Multiple.| (LTM values as of) | 9302025 | 10102026 | Change |
|---|---|---|---|
| Stock Price ($) | 119.07 | 180.92 | 51.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,919 | 2,139 | 11.5% |
| Net Income Margin (%) | 4.5% | 4.4% | -3.6% |
| P/E Multiple | 21.6 | 30.1 | 39.6% |
| Shares Outstanding (Mil) | 16 | 16 | 1.2% |
| Cumulative Contribution | 51.9% |
Market Drivers
9/30/2025 to 10/10/2026| Return | Correlation | |
|---|---|---|
| DXPE | 51.9% | |
| Market (SPY) | 17.8% | 42.5% |
| Sector (XLI) | 10.7% | 47.9% |
Fundamental Drivers
The 417.8% change in DXPE stock from 9/30/2023 to 10/10/2026 was primarily driven by a 189.0% change in the company's P/E Multiple.| (LTM values as of) | 9302023 | 10102026 | Change |
|---|---|---|---|
| Stock Price ($) | 34.94 | 180.92 | 417.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,646 | 2,139 | 30.0% |
| Net Income Margin (%) | 3.5% | 4.4% | 24.2% |
| P/E Multiple | 10.4 | 30.1 | 189.0% |
| Shares Outstanding (Mil) | 17 | 16 | 11.0% |
| Cumulative Contribution | 417.8% |
Market Drivers
9/30/2023 to 10/10/2026| Return | Correlation | |
|---|---|---|
| DXPE | 417.8% | |
| Market (SPY) | 88.4% | 45.5% |
| Sector (XLI) | 73.6% | 50.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DXPE Return | 15% | 7% | 22% | 145% | 33% | 63% | 703% |
| Peers Return | 75% | -26% | 62% | -0% | -3% | -14% | 74% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 107% |
Monthly Win Rates [3] | |||||||
| DXPE Win Rate | 50% | 50% | 42% | 58% | 58% | 60% | |
| Peers Win Rate | 56% | 31% | 65% | 54% | 48% | 37% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| DXPE Max Drawdown | -32% | -31% | -26% | -23% | -33% | -23% | |
| Peers Max Drawdown | -34% | -46% | -23% | -32% | -42% | -41% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: WSO, BXC, CNM, EVI, WATR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/9/2026 (YTD)
How Low Can It Go
| Event | DXPE | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -30.2% | -18.8% |
| % Gain to Breakeven | 43.3% | 23.1% |
| Time to Breakeven | 107 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -24.3% | -9.5% |
| % Gain to Breakeven | 32.0% | 10.5% |
| Time to Breakeven | 99 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -23.6% | -6.7% |
| % Gain to Breakeven | 30.8% | 7.1% |
| Time to Breakeven | 7 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -13.7% | -24.5% |
| % Gain to Breakeven | 15.9% | 32.4% |
| Time to Breakeven | 2 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -66.4% | -33.7% |
| % Gain to Breakeven | 198.0% | 50.9% |
| Time to Breakeven | 353 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -29.6% | -19.2% |
| % Gain to Breakeven | 41.9% | 23.8% |
| Time to Breakeven | 74 days | 105 days |
In The Past
DXP Enterprises's stock fell -30.2% during the 2025 US Tariff Shock. Such a loss loss requires a 43.3% gain to breakeven.
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Asset Allocation
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| Event | DXPE | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -30.2% | -18.8% |
| % Gain to Breakeven | 43.3% | 23.1% |
| Time to Breakeven | 107 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -24.3% | -9.5% |
| % Gain to Breakeven | 32.0% | 10.5% |
| Time to Breakeven | 99 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -23.6% | -6.7% |
| % Gain to Breakeven | 30.8% | 7.1% |
| Time to Breakeven | 7 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -66.4% | -33.7% |
| % Gain to Breakeven | 198.0% | 50.9% |
| Time to Breakeven | 353 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -29.6% | -19.2% |
| % Gain to Breakeven | 41.9% | 23.8% |
| Time to Breakeven | 74 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -23.9% | -3.7% |
| % Gain to Breakeven | 31.3% | 3.9% |
| Time to Breakeven | 21 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -55.3% | -12.2% |
| % Gain to Breakeven | 123.5% | 13.9% |
| Time to Breakeven | 187 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -83.4% | -6.8% |
| % Gain to Breakeven | 502.0% | 7.3% |
| Time to Breakeven | 3226 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -35.2% | -17.9% |
| % Gain to Breakeven | 54.4% | 21.8% |
| Time to Breakeven | 43 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -64.7% | -53.4% |
| % Gain to Breakeven | 183.1% | 114.4% |
| Time to Breakeven | 660 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -35.5% | -8.6% |
| % Gain to Breakeven | 55.0% | 9.5% |
| Time to Breakeven | 91 days | 47 days |
In The Past
DXP Enterprises's stock fell -30.2% during the 2025 US Tariff Shock. Such a loss loss requires a 43.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About DXP Enterprises (DXPE)
DXP Enterprises (DXPE) is a distributor of essential maintenance, repair, and operating (MRO) products, equipment, and services primarily to energy and industrial customers across the United States and Canada. The company helps businesses keep their facilities and operations running efficiently by providing a wide array of supplies and specialized services. DXP operates through three main segments: Service Centers, Supply Chain Services, and Innovative Pumping Solutions.
Through its Service Centers, DXP offers a comprehensive range of MRO products including rotating equipment, bearings, power transmission components, hoses, fluid power solutions, metalworking tools, fasteners, and industrial and safety supplies. These centers also provide integrated services such as technical expertise and logistics support. The Supply Chain Services segment focuses on optimizing customers' MRO procurement and inventory management, offering outsourced solutions for storeroom management, transaction consolidation, and cost optimization, often through proprietary programs like SmartAgreement and SmartSource.
Finally, the Innovative Pumping Solutions segment specializes in the fabrication and assembly of custom pump packages, remanufacturing existing pumps, and manufacturing branded private label pumps. DXP serves a diverse base of customers, including those in the oil and gas, food and beverage, petrochemical, mining, construction, chemical, and pulp and paper industries, underscoring its role as a critical partner for industrial operational continuity.
AI Analysis | Feedback
Here are 1-3 brief analogies for DXP Enterprises (DXPE):
- Like Grainger for industrial MRO products and services, but with a specialized division for custom pumping solutions.
- Imagine Fastenal's industrial supply chain management capabilities, extended to include custom pump manufacturing and remanufacturing.
AI Analysis | Feedback
- MRO Products: Distributes a wide range of maintenance, repair, and operating products, including industrial supplies, safety products, and various equipment components.
- MRO Integrated Services: Provides technical expertise, logistics, and safety services to support the use and management of MRO products and equipment.
- Supply Chain Services: Offers outsourced solutions for MRO procurement, inventory management, storeroom management, and transaction optimization.
- Custom Pumping Solutions: Fabricates, assembles, remanufactures, and manufactures custom, private label, and integrated pump packages.
AI Analysis | Feedback
DXP Enterprises (DXPE) primarily sells its products, equipment, and services to other companies in various industrial sectors. The provided background information does not list specific names of customer companies. Instead, it describes the industries that DXP Enterprises serves.
Based on the company description, DXP Enterprises' major customers fall into the following broad industrial categories:
- Energy and Petrochemical Industries: This includes customers in the oil and gas, petrochemical, and chemical sectors, which are significant users of MRO products, equipment, and pumping solutions.
- General Industrial and Manufacturing: This broad category encompasses a wide range of customers, including those in the food and beverage, transportation, mining, construction, agriculture, pulp and paper, and other general industrial sectors.
- Municipalities: DXP Enterprises also serves municipal customers, likely providing MRO products, equipment, and services for public infrastructure and operations.
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David R. Little Chairman of the Board, President and Chief Executive Officer
Mr. Little has served as Chairman of the Board, President, and Chief Executive Officer of DXP Enterprises since its organization in 1996. He previously acquired a controlling interest in SEPCO Industries, Inc., a predecessor to DXP, in 1986. Mr. Little has been employed by SEPCO since 1975, holding various positions including Staff Accountant, Controller, Vice President/Finance, and President.
Kent Yee Senior Vice President, Chief Financial Officer
Mr. Yee was appointed Senior Vice President/Chief Financial Officer in June 2017. His responsibilities include acquisitions, finance, accounting, business integrations, and human resources for DXP. From March 2011 to June 2017, he served as Senior Vice President Corporate Development, where he led DXP's mergers and acquisitions, business integration, and internal strategic project activities. Prior to joining DXP, Mr. Yee was with Stephens Inc.'s Industrial Distribution and Services team, serving as Vice President from August 2005 to February 2011. He was also a member of The Home Depot's Strategic Business Development Group, focusing on acquisition activity for HD Supply, and an Associate in the Global Syndicated Finance Group at JPMorgan Chase. Mr. Yee has executed over 50 transactions, including more than $1.8 billion in M&A and $3.8 billion in financing transactions, primarily for change of control deals. He holds a Bachelor of Arts in Urban Planning from Morehouse College and an MBA from Harvard University Graduate School of Business.
Nick Little Senior Vice President - Chief Operating Officer
Mr. Little was appointed Senior Vice President/Chief Operating Officer in January 2021. He began his career with DXP nearly two decades ago as an application engineer. During his tenure, Mr. Little has held various roles of increasing responsibility, including outside sales, Director of Operations, and Regional Vice President of Sales and Operations. As COO, he is responsible for the execution of the Company's strategic direction and oversees sales, operations, and inventory management & procurement. He holds a Bachelor of Business Administration in Finance from Baylor University.
Paz Maestas Senior Vice President/Chief Marketing and Technology Officer
Mr. Maestas was appointed Senior Vice President/Chief Marketing and Technology Officer in January 2021 (or January 2022 for CM&TO title). He has been with DXP since 2002 and leads the Company's e-Commerce and Omni-Channel initiatives. In his 20 years with DXP, he has served in various roles, most recently as Vice President of Marketing and Operations. He holds a Bachelor of Science in Computer Science from the University of Texas at Austin.
John J. Jeffery Senior Vice President of Supply Chain Services, Marketing and Information Technology
Mr. Jeffery serves as Senior Vice President of Supply Chain Services, Marketing and Information Technology for DXP Enterprises. He began his career with T.L. Walker, which was later acquired by DXP Enterprises. During his time with DXP, Mr. Jeffery has held various significant capacities, including branch, area, regional, and national sales management, as well as sales, marketing, and service center vice president roles. He is responsible for the strategic direction of DXP's Supply Chain Services business unit and leverages Marketing and Information Technology to drive innovative business development initiatives. Mr. Jeffery holds a Bachelor of Science in Industrial Distribution from Texas A&M University and is a graduate of the Executive Business Program at Rice University.
AI Analysis | Feedback
The key risk to DXP Enterprises' business is its significant exposure and sensitivity to economic fluctuations and capital expenditure trends within the energy and broader industrial sectors.
DXP Enterprises primarily distributes maintenance, repair, and operating (MRO) products, equipment, and services to energy and industrial customers, including the often volatile oil and gas, petrochemical, and mining industries. Downturns, reduced industrial activity, or prolonged low commodity prices in these sectors could lead to decreased demand for DXP's products and services, negatively impacting its revenue and profitability.
AI Analysis | Feedback
AI Analysis | Feedback
DXP Enterprises operates in several key markets, primarily in the United States and Canada. The addressable markets for its main products and services are as follows:
-
Service Centers (SC) Segment: MRO products, equipment, and integrated services
The North America Maintenance, Repair, and Operations (MRO) distribution market, which encompasses DXP's offerings in this segment, was estimated at USD 161.70 billion in 2024. This market is projected to grow to USD 188.48 billion by 2030. The U.S. alone accounted for 87.1% of the North America MRO distribution market in 2024. -
Supply Chain Services (SCS) Segment: Procurement and inventory management solutions; outsourced MRO solutions
For procurement software solutions, the North American market was valued at USD 3.86 billion in 2025. This market is projected to reach USD 20.75 billion globally by 2034.
For inventory management, the North American market accounted for 34.70% of the global inventory management market, which was USD 2.76 billion in 2025. Therefore, the addressable market in North America for inventory management was approximately USD 0.958 billion in 2025. The Canadian inventory management software market specifically generated USD 139.6 million in 2024 and is expected to reach USD 256.5 million by 2033.
The "outsourced MRO solutions" aspect of this segment is part of the broader North America MRO distribution market mentioned above. -
Innovative Pumping Solutions (IPS) Segment: Custom-made pump packages, remanufactured pumps, and branded private label pumps
The North America Industrial Pumps Market is a key addressable market for DXP's IPS segment, projected to grow from USD 15.64 billion in 2024 to an estimated USD 21.66 billion by 2032. The United States alone constituted over USD 11 billion of the industrial pumps market in 2024.
AI Analysis | Feedback
DXP Enterprises (DXPE) is expected to drive future revenue growth over the next 2-3 years through several key strategies and market dynamics:
- Strategic Acquisitions: DXP is actively pursuing and accelerating acquisitions of high-margin niche players to strengthen its capabilities and expand its market reach. The company completed six acquisitions in fiscal 2025 and plans for additional acquisitions by mid-2025, supported by increased liquidity. These acquisitions are contributing significantly to sales and solidifying DXP's position in sectors like water, wastewater, and data centers.
- Organic Growth and Market Share Gains: Management consistently emphasizes a focus on driving organic growth and outperforming the market, aiming to double the business every five years. This includes an 11.1% year-over-year organic growth reported in Q1 2025. This growth is underpinned by DXP's commitment to being customer-driven experts, enhancing operational efficiencies, and expanding its broad portfolio of maintenance, repair, and operating (MRO) supplies and services across North America.
- End Market Diversification, particularly into Infrastructure: DXP is strategically repositioning its core focus from a primary reliance on oil and gas distribution to a broader industrial platform. The company is actively targeting growth in essential infrastructure and mission-critical service sectors such as water, wastewater, fire, and data centers, which are expected to be significant drivers of future revenue.
- Growth in the Innovative Pumping Solutions (IPS) Segment: The Innovative Pumping Solutions segment is a consistent strong performer, demonstrating significant growth (26.4% year-over-year in fiscal 2025 and 38.5% year-over-year in Q1 2025). This growth is primarily fueled by increased activity in energy and water-related projects, where DXP leverages its distinct technical advantage through custom-engineered systems, leading to higher operating margins and increased customer reliance.
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- DXP Enterprises authorized a new $85.0 million stock repurchase program in December 2022, allowing for the acquisition of up to 2.8 million shares over 24 months, following the completion of a previous program that began in May 2021.
- Since March 2021, the company repurchased approximately $64 million in shares, representing about 11% of its fully diluted shares outstanding.
- In fiscal 2025, DXP Enterprises repurchased 0.2 million shares for $17.0 million.
- There were approximately 16.5 million diluted shares outstanding in fiscal 2025, a slight decrease from 16.7 million in 2024.
- In the fourth quarter of fiscal 2025, DXP Enterprises refinanced its Senior Secured Term Loan B, raising an incremental $205 million and reducing borrowing costs by 50 basis points.
- In fiscal 2025, DXP Enterprises completed six acquisitions, which contributed $96 million in sales. The total amount deployed for acquisitions through 2025 was $218.3 million.
- Key acquisitions in 2025 included Pump Solutions, Inc., a water and wastewater distributor in Texas, contributing approximately $36.8 million in sales.
- In January 2026, the company acquired PREMIERflow, LLC and Mid Atlantic Storage Systems Inc. for undisclosed terms, with these acquisitions aimed at expanding market share and diversifying into fire protection, data centers, and water/wastewater markets.
- Capital expenditures increased to $40.3 million in fiscal 2025 from $25.1 million in fiscal 2024, primarily for growth-oriented projects, infrastructure, facilities, equipment, and software to enhance operational efficiency.
- Capital expenditures in Q1 2025 were $19.9 million, including investments related to acquisitions.
- Management anticipates capital expenditures will taper in the latter half of fiscal year 2025 and decrease in the short to medium term for 2026, while still focusing on growth investments in IT software, infrastructure, and general upgrades.
Peer Outperformance in Trading Companies & Distributors
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 8.2% | 116.0% | 198.4% | STRL 2149% · FIX 2142% · CDNL 1525% |
| Marine Transportation | 5 | 108.3% | 65.3% | 158.9% | HOS 39216% · MATX 191% · KEX 159% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 1.6% | 39.1% | 95.4% | CAT 352% · ALSN 234% · WAB 229% |
| Aerospace & Defense | 54 | -12.7% | 62.7% | 59.7% | ATI 1036% · FTAI 807% · HWM 627% |
| Industrial Machinery & Supplies & Components | 72 | 16.0% | 41.3% | 48.1% | PSIX 1201% · CRS 1108% · EROC 587% |
| Rail Transportation | 7 | 26.1% | 55.9% | 45.0% | FSTR 124% · CSX 56% · RAIL 45% |
| Trading Companies & Distributors ← | 19 | 11.9% | 29.4% | 37.7% | DXPE 466% · AIT 268% · URI 220% |
| Cargo Ground Transportation | 16 | 39.5% | 0.5% | 31.4% | XPO 292% · R 228% · CVLG 126% |
| Diversified Support Services | 32 | 8.8% | 27.1% | 28.1% | LIME 3223% · TH 387% · CXW 246% |
| Electrical Components & Equipment | 39 | 1.1% | 57.8% | 27.3% | POWL 2337% · BE 1313% · VRT 996% |
| Building Products | 33 | -12.5% | -1.3% | 16.4% | LMB 729% · GFF 336% · PPIH 271% |
| Industrial Conglomerates | 17 | 10.7% | 2.9% | -2.1% | RCMT 577% · CSW 121% · DD 71% |
| Agricultural & Farm Machinery | 17 | 13.1% | -12.0% | -6.3% | BLBD 179% · DE 99% · GENC 63% |
| Environmental & Facilities Services | 30 | -35.0% | 13.8% | -7.2% | CECO 839% · ADUR 388% · NVRI 326% |
| Research & Consulting Services | 13 | -2.4% | -26.9% | -10.9% | HURN 229% · CRAI 78% · GRNQ 9% |
| Security & Alarm Services | 9 | -44.1% | 18.8% | -16.3% | CIX 168% · MG 111% · BCO 76% |
| Passenger Ground Transportation | 3 | -23.4% | 42.7% | -21.7% | UBER 54% · CAR -22% · LYFT -69% |
| Data Processing & Outsourced Services | 6 | -28.2% | -11.5% | -22.5% | EXLS 49% · BR 8% · G -22% |
| Office Services & Supplies | 9 | 28.6% | 19.3% | -24.9% | PBI 190% · TILE 126% · HNI 44% |
| Passenger Airlines | 11 | 11.0% | 19.3% | -32.7% | LTM 3111% · UAL 118% · DAL 97% |
| Air Freight & Logistics | 12 | -21.2% | -27.7% | -35.2% | FDX 83% · EXPD 77% · CHRW 76% |
| Human Resource & Employment Services | 22 | 11.8% | -20.7% | -41.3% | BBSI 65% · ADP 49% · KFY 6% |
| Airport Services | 3 | -77.1% | -78.8% | -71.0% | JOBY -40% · ASLE -71% · UP -100% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 55.54 |
| Mkt Cap | 2.8 |
| Rev LTM | 3,010 |
| Op Inc LTM | 188 |
| FCF LTM | 119 |
| FCF 3Y Avg | 88 |
| CFO LTM | 135 |
| CFO 3Y Avg | 114 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 2.1% |
| Rev Chg 3Y Avg | 5.2% |
| Rev Chg Q | 4.4% |
| QoQ Delta Rev Chg LTM | 1.1% |
| Op Inc Chg LTM | 1.5% |
| Op Inc Chg 3Y Avg | -0.9% |
| Op Mgn LTM | 8.8% |
| Op Mgn 3Y Avg | 8.4% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 6.3% |
| CFO/Rev 3Y Avg | 6.4% |
| FCF/Rev LTM | 5.5% |
| FCF/Rev 3Y Avg | 5.0% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Service Centers | 1,373 | 1,237 | 1,215 | 1,041 | 816 |
| Innovative Pumping Solutions | 390 | 309 | 204 | 199 | 140 |
| Supply Chain Services | 253 | 256 | 260 | 240 | 158 |
| Corporate | 0 | 0 | 0 | ||
| Total | 2,016 | 1,802 | 1,679 | 1,481 | 1,114 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Service Centers | 198 | 180 | 177 | 132 | 99 |
| Innovative Pumping Solutions | 70 | 51 | 32 | 25 | 12 |
| Supply Chain Services | 22 | 22 | 22 | 20 | 12 |
| Corporate | -113 | -107 | -92 | ||
| Amortization of intangibles assets | -19 | -17 | |||
| Corporate expenses | -60 | -66 | |||
| Total | 177 | 145 | 139 | 98 | 40 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Service Centers | 820 | 745 | 697 | 668 | 642 |
| Corporate | 387 | 211 | 191 | 55 | 85 |
| Innovative Pumping Solutions | 383 | 308 | 227 | 223 | 134 |
| Supply Chain Services | 95 | 86 | 63 | 91 | 45 |
| Total | 1,685 | 1,349 | 1,177 | 1,037 | 906 |
Price Behavior
| Market Price | $180.92 | |
| Market Cap ($ Bil) | 2.8 | |
| First Trading Date | 05/07/1998 | |
| Distance from 52W High | -9.9% | |
| 50 Days | 200 Days | |
| DMA Price | $186.54 | $156.63 |
| DMA Trend | up | up |
| Distance from DMA | -3.0% | 15.5% |
| 3M | 1YR | |
| Volatility | 53.7% | 53.4% |
| Downside Capture | 53.59 | 162.13 |
| Upside Capture | 101.14 | 177.41 |
| Correlation (SPY) | 31.8% | 42.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.68 | 1.03 | 1.62 | 1.60 | 1.74 | 1.44 |
| Up Beta | 2.33 | 2.54 | 3.30 | 2.13 | 1.64 | 1.50 |
| Down Beta | 0.84 | 4.22 | 2.87 | 1.43 | 1.94 | 1.43 |
| Up Capture | 39% | 67% | 97% | 172% | 277% | 507% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 13 | 24 | 35 | 69 | 136 | 397 |
| Down Capture | 75% | -68% | 68% | 136% | 135% | 105% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 9 | 18 | 29 | 57 | 116 | 350 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DXPE | |
|---|---|---|---|---|
| DXPE | 45.6% | 53.4% | 0.89 | - |
| Sector ETF (XLI) | 9.8% | 17.4% | 0.37 | 48.0% |
| Equity (SPY) | 16.7% | 13.0% | 0.91 | 42.3% |
| Gold (GLD) | 3.3% | 29.5% | 0.11 | 10.0% |
| Commodities (DBC) | 45.0% | 20.9% | 1.67 | -12.3% |
| Real Estate (VNQ) | 4.8% | 13.8% | 0.09 | 15.3% |
| Bitcoin (BTCUSD) | -33.2% | 44.2% | -0.79 | 16.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DXPE | |
|---|---|---|---|---|
| DXPE | 42.9% | 46.0% | 0.92 | - |
| Sector ETF (XLI) | 12.9% | 17.6% | 0.56 | 47.5% |
| Equity (SPY) | 13.9% | 17.1% | 0.62 | 41.5% |
| Gold (GLD) | 18.5% | 18.9% | 0.79 | 7.0% |
| Commodities (DBC) | 10.0% | 19.5% | 0.39 | 10.4% |
| Real Estate (VNQ) | 1.3% | 18.8% | -0.04 | 27.0% |
| Bitcoin (BTCUSD) | 11.4% | 52.0% | 0.39 | 14.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DXPE | |
|---|---|---|---|---|
| DXPE | 20.9% | 52.9% | 0.57 | - |
| Sector ETF (XLI) | 13.2% | 20.0% | 0.58 | 53.0% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 44.9% |
| Gold (GLD) | 11.8% | 16.4% | 0.59 | 2.5% |
| Commodities (DBC) | 8.2% | 18.1% | 0.37 | 22.6% |
| Real Estate (VNQ) | 4.5% | 20.7% | 0.18 | 34.5% |
| Bitcoin (BTCUSD) | 63.5% | 66.2% | 1.03 | 11.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 9/9/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | -3.0% | -2.6% | -7.2% |
| 5/7/2026 | 4.1% | 1.7% | 6.7% |
| 2/26/2026 | -6.9% | -6.0% | -8.1% |
| 11/6/2025 | 0.6% | -12.6% | 1.7% |
| 8/7/2025 | 5.5% | 13.9% | 17.6% |
| 5/8/2025 | -2.1% | 2.9% | -6.8% |
| 3/7/2025 | -2.6% | 8.7% | -7.0% |
| 11/7/2024 | -1.1% | -3.2% | 8.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 9 | 9 |
| # Negative | 11 | 13 | 13 |
| Median Positive | 3.0% | 7.4% | 13.0% |
| Median Negative | -2.6% | -3.9% | -6.8% |
| Max Positive | 25.5% | 23.5% | 34.7% |
| Max Negative | -10.5% | -12.6% | -18.3% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | -3.0% | -2.6% | -7.2% |
| 5/7/2026 | 4.1% | 1.7% | 6.7% |
| 2/26/2026 | -6.9% | -6.0% | -8.1% |
| 11/6/2025 | 0.6% | -12.6% | 1.7% |
| 8/7/2025 | 5.5% | 13.9% | 17.6% |
| 5/8/2025 | -2.1% | 2.9% | -6.8% |
| 3/7/2025 | -2.6% | 8.7% | -7.0% |
| 11/7/2024 | -1.1% | -3.2% | 8.9% |
| 8/8/2024 | -3.7% | -1.2% | -2.7% |
| 5/9/2024 | 1.9% | -0.2% | -7.0% |
| 3/8/2024 | -0.8% | 7.4% | 24.9% |
| 11/9/2023 | 3.0% | -2.2% | 6.6% |
| 8/9/2023 | 1.7% | 4.0% | 13.0% |
| 5/12/2023 | 10.5% | 14.9% | 30.2% |
| 11/10/2022 | -2.5% | -4.8% | -5.5% |
| 8/8/2022 | -10.5% | -11.5% | -17.2% |
| 3/25/2022 | -5.4% | -3.9% | -18.3% |
| 12/9/2021 | 1.1% | -6.6% | -4.9% |
| 8/16/2021 | 5.6% | 0.5% | -6.8% |
| 5/7/2021 | -1.6% | -5.4% | -2.3% |
| 3/9/2021 | 1.0% | -1.8% | -5.0% |
| 11/6/2020 | 25.5% | 23.5% | 34.7% |
| SUMMARY STATS | |||
| # Positive | 11 | 9 | 9 |
| # Negative | 11 | 13 | 13 |
| Median Positive | 3.0% | 7.4% | 13.0% |
| Median Negative | -2.6% | -3.9% | -6.8% |
| Max Positive | 25.5% | 23.5% | 34.7% |
| Max Negative | -10.5% | -12.6% | -18.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/10/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 03/11/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 04/17/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/10/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 03/11/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 04/17/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/13/2022 | 10-Q |
| 12/31/2021 | 04/05/2022 | 10-K |
| 09/30/2021 | 12/09/2021 | 10-Q |
| 06/30/2021 | 11/05/2021 | 10-Q |
| 03/31/2021 | 05/10/2021 | 10-Q |
| 12/31/2020 | 03/18/2021 | 10-K |
| 09/30/2020 | 11/10/2020 | 10-Q |
| 06/30/2020 | 08/10/2020 | 10-Q |
| 03/31/2020 | 05/08/2020 | 10-Q |
| 12/31/2019 | 03/13/2020 | 10-K |
| 09/30/2019 | 11/07/2019 | 10-Q |
Insider Activity
Updated 8/11/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Santos, David Molero | CHIEF ACCOUNTING OFFICER | Direct | Sell | 6152026 | 171.50 | 1,100 | 188,650 | 780,154 | Form |
| 2 | Maestas, Paz | CMO & CTO | Direct | Sell | 6112026 | 164.37 | 10,000 | 1,643,700 | 97,021,365 | Form |
| 3 | Halter, Timothy P | Direct | Sell | 5262026 | 141.59 | 6,842 | 968,759 | 4,247,700 | Form | |
| 4 | Halter, Timothy P | Direct | Sell | 3262026 | 139.57 | 5,000 | 697,850 | 5,142,038 | Form | |
| 5 | Mannes, Joseph R | Direct | Sell | 3102026 | 137.95 | 1,500 | 206,925 | 1,926,334 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Santos, David Molero | CHIEF ACCOUNTING OFFICER | Direct | Sell | 6152026 | 171.50 | 1,100 | 188,650 | 780,154 | Form |
| 2 | Maestas, Paz | CMO & CTO | Direct | Sell | 6112026 | 164.37 | 10,000 | 1,643,700 | 97,021,365 | Form |
| 3 | Halter, Timothy P | Direct | Sell | 5262026 | 141.59 | 6,842 | 968,759 | 4,247,700 | Form | |
| 4 | Halter, Timothy P | Direct | Sell | 3262026 | 139.57 | 5,000 | 697,850 | 5,142,038 | Form | |
| 5 | Mannes, Joseph R | Direct | Sell | 3102026 | 137.95 | 1,500 | 206,925 | 1,926,334 | Form | |
| 6 | Gregory, Christopher T | CIO | Direct | Sell | 9252025 | 119.76 | 4,477 | 536,166 | 2,390,290 | Form |
| 7 | Little, Nicholas | CHIEF OPERATING OFFICER | Direct | Sell | 9222025 | 118.53 | 20,440 | 2,422,753 | 93,862,485 | Form |
| 8 | Jeffery, John Jay | SVP | Direct | Sell | 8252025 | 125.43 | 2,000 | 250,860 | 2,509,603 | Form |
| 9 | Hoffman, Karen | Direct | Sell | 8252025 | 125.00 | 2,399 | 299,875 | 598,375 | Form | |
| 10 | Jeffery, John Jay | SVP | Direct | Sell | 8192025 | 119.00 | 2,000 | 238,000 | 2,618,952 | Form |
| 11 | Jeffery, John Jay | SVP | Direct | Sell | 8192025 | 120.25 | 2,000 | 240,500 | 2,886,962 | Form |
| 12 | Maestas, Paz | CMO & CTO | Direct | Sell | 8182025 | 120.11 | 5,000 | 600,550 | 72,154,521 | Form |
| 13 | Gregory, Christopher T | CIO | Direct | Sell | 8122025 | 122.00 | 5,000 | 610,000 | 2,981,192 | Form |
Investor Activity (13F)
Updated Oct 11, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
DXP Enterprises — Investor Video Playlist
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Trading Companies & Distributors Resources |
| Modern Distribution Management (MDM) |
| Industrial Distribution |
| Supply Chain Digital |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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