DXP ENTERPRISES INC (DXPE) FY2025 10-K Annual Report
DXP ENTERPRISES INC (DXPE) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 26, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
DXP ENTERPRISES INC FY2025 10-K Analysis
Business Overview
- • Core business model: distribution of MRO products, equipment, and services across diverse industrial end markets
- • Emphasis on three segments: Service Centers, Innovative Pumping Solutions, and Supply Chain Services
- • Continuation of longstanding industry presence since 1908 with formal incorporation in 1996
- • No new products, services, or strategic shifts explicitly highlighted this filing year
- • Financial details segmented and disclosed in Note 20 for transparency and detailed analysis
Management Discussion & Analysis
- • Revenue $2.02B in 2025, up 12% YoY from $1.80B in 2024; Service Centers best segment $1.37B, Supply Chain Services worst $253M
- • Operating margin 8.8% in 2025 vs 8.1% in 2024; Net income margin 4.4% vs 3.9%; Adjusted EBITDA margin 11.2% vs 10.6%
- • Net income $88.7M in 2025 vs $70.5M in 2024; EBITDA $218.6M vs $182.3M; Adjusted EBITDA $225.3M vs $191.3M
- • Free cash flow $54.0M in 2025 vs $77.1M in 2024; repurchased 0.2M shares for $17.0M vs 0.6M shares for $28.8M; capex $40.3M vs $25.1M
- • Management expects sufficient liquidity from $304M cash, $153.5M credit availability, and operating cash flow to fund growth and debt service
Risk Factors
- • Regulatory risk from increased effective tax rate at 25.6% in 2025 vs 17.0% in 2024 due to R&D credit adjustments and nondeductible expenses
- • Macroeconomic threat from inflation, rising interest rates, and tariffs impacting operating costs and supply chain disruptions in 2025
- • Operational risk in Supply Chain Services segment with 1.4% sales decline ($3.5M) in 2025 due to decreased oil and gas customer activity
- • Competitive risk from diversification into water and wastewater markets impacting Innovative Pumping Solutions segment sales growth by 26.4% in 2025
- • Financial risk from higher interest expense expected in 2026 due to incremental financing despite $3.4M reduction in 2025 from refinancing Term Loan B
DXP ENTERPRISES INC FY2025 Key Financial MetricsXBRL
Revenue
$2.0B
▲ +11.9% YoY
Net Income
$89M
▲ +25.8% YoY
Gross Margin
31.5%
▲ +67bp YoY
Operating Margin
8.8%
▲ +70bp YoY
Net Margin
4.4%
▲ +49bp YoY
ROE
17.8%
▲ +112bp YoY
Total Assets
$1.7B
▲ +24.9% YoY
EPS (Diluted)
$5.37
▲ +27.3% YoY
Operating Cash Flow
$94M
▼ -7.8% YoY
Source: XBRL data from DXP ENTERPRISES INC FY2025 10-K filing on SEC EDGAR. All figures in USD.
Get deeper insights on DXP ENTERPRISES INC
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.