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DXP Enterprises cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$14.4M in Q3 2026 · $105M over twelve months

Operating cash flow$18.7M
Capital spending−$4.2M
Free cash flow+$14.4M
Cash / net income0.7×
Cash conversion cycle70 days

Analysis

In Q3 2026, DXP Enterprises generated $18.7M of operating cash flow and spent $4.2M on capital projects, leaving free cash flow of $14.4M. That is $13.7M less than in Q3 2025 ($28.1M).

Over the twelve months to Sep 30, 2026, operating cash flow was $118M; the largest uses were acquisitions ($163M), buybacks ($15.1M), capital spending ($13.4M); besides operations, cash came from other financing ($185M), asset & business sales ($632K); the cash balance rose by $95.0M.

Operating cash flow was $18.7M against net income of $26.9M — 0.7× profit, less cash than reported earnings, worth checking against working capital. The largest differences: receivables −$31.9M, accrued liabilities +$23.1M, payables −$10.3M.

Its cash conversion cycle was 70 days (receivables 71 + inventory 28 − payables 29).

Free cash flow

DXP Enterprises: free cash flow by quarterDXP Enterprises: free cash flow by quarter$22.7MQ4 2024−$16.9MQ1 2025$8.3MQ2 2025$28.1MQ3 2025$34.5MQ4 2025$26.3MQ1 2026$29.8MQ2 2026$14.4MQ3 2026
Operating cash flow less capital spending.
DXP Enterprises: operating cash flow against capital spendingDXP Enterprises: operating cash flow against capital spendingOperating cash flowCapital spending$32.1M$9.4MQ4 2024$3.0M$19.9MQ1 2025$18.6M$10.3MQ2 2025$34.9M$6.7MQ3 2025$37.8M$3.3MQ4 2025$29.6M$3.3MQ1 2026$32.4M$2.6MQ2 2026$18.7M$4.2MQ3 2026
Latest (Q3 2026): Operating cash flow $18.7M, Capital spending $4.2M.

Capital allocation, year by year

DXP Enterprises: where the cash came from (up) and went (down), by fiscal yearDXP Enterprises: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $37.1MFY2021: Net borrowing −$3.3MFY2021: Asset sales $1.7MFY2021: Capital spending −$6.0MFY2021: Acquisitions −$64.7MFY2021: Buybacks −$33.5MFY2021: Dividends −$90K$38.8MFY2021FY2022: Operating cash flow $5.9MFY2022: Net borrowing $101MFY2022: Capital spending −$4.9MFY2022: Acquisitions −$48.5MFY2022: Buybacks −$47.9MFY2022: Dividends −$90K$107MFY2022FY2023: Operating cash flow $106MFY2023: Net borrowing $118MFY2023: Capital spending −$12.3MFY2023: Acquisitions −$10.4MFY2023: Buybacks −$56.2MFY2023: Dividends −$90K$224MFY2023FY2024: Operating cash flow $102MFY2024: Net borrowing $95.0MFY2024: Capital spending −$25.1MFY2024: Acquisitions −$157MFY2024: Buybacks −$29.0MFY2024: Dividends −$90K$197MFY2024FY2025: Operating cash flow $94.3MFY2025: Net borrowing $198MFY2025: Asset sales $2.7MFY2025: Capital spending −$40.3MFY2025: Acquisitions −$61.7MFY2025: Buybacks −$17.1MFY2025: Dividends −$90K$295MFY2025
Over these 5 years operating cash flow totalled $346M; the largest uses were acquisitions ($342M) and buybacks ($184M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$219M
Debt$823M
Net debt$604M
Due within a year$8.6M

DXP Enterprises funds itself: free cash flow was $105M over the last twelve months, and $219M of cash and investments stands against $823M of debt ($8.6M due within a year, 25.5× covered by cash).

DXP Enterprises: debt maturities by year (FY2025)DXP Enterprises: debt maturities by year (FY2025)$8.6MYear 1$8.6MYear 2$8.6MYear 3$9.1MYear 4$812MYear 5
Principal due in each year as disclosed in the annual report, against $219M of cash and investments now.

Where the cash came from and went

DXP Enterprises: sources (+) and uses (−) of cash, Q3 2026DXP Enterprises: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$18.7MAcquisitions−$13.3MCash drawn (+) / kept (−)$7.8MNet borrowing (+) / repaid (−)−$5.5MCapital spending−$4.2MOther financing−$3.7MExchange rates$169KAsset & business sales$65KTaxes on employees’ shares−$30KDividends−$23K
DXP Enterprises: sources (+) and uses (−) of cash, TTM to Q3 2026DXP Enterprises: sources (+) and uses (−) of cash, TTM to Q3 2026Other financing$185MAcquisitions−$163MOperating cash flow$118MCash drawn (+) / kept (−)−$95.0MBuybacks−$15.1MCapital spending−$13.4MNet borrowing (+) / repaid (−)−$8.9MTaxes on employees’ shares−$6.8MExchange rates−$1.0MAsset & business sales$632KDividends−$90K

From profit to cash

DXP Enterprises: net income to operating cash flow, Q3 2026DXP Enterprises: net income to operating cash flow, Q3 2026Net income$26.9MDepreciation & amortization$3.0MStock-based pay$1.5MDeferred taxes$4.0MGains on disposals−$93KOther non-cash−$4.3MReceivables−$31.9MInventory−$2.6MPayables−$10.3MAccrued liabilities$23.1MPrepaid and other assets−$1.1MOperating cash flow$18.7M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202671282970
Q2 202668283066
Q1 202671293169
Q4 202568283066
Q3 202566292966
Q2 202566292966
Q1 202566293065
Q4 202466303066

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$18.7M−$4.2M−$13.3M—−$23K−$5.5M$7.8M$14.4M
Q2 2026$32.4M−$2.6M−$10.2M—−$22K−$4.5M−$13.2M$29.8M
Q1 2026$29.6M−$3.3M−$103M—−$23K−$4.2M$90.4M$26.3M
Q4 2025$37.8M−$3.3M−$37.2M−$15.1M−$22K−$2.0M−$180M$34.5M
Q3 2025$34.9M−$6.7M−$10.6M−$2.0M−$23K−$2.5M−$10.9M$28.1M
Q2 2025$18.6M−$10.3M−$1.0M—−$22K−$4.0M$1.4M$8.3M
Q1 2025$3.0M−$19.9M−$12.8M—−$23K−$3.0M$34.1M−$16.9M
Q4 2024$32.1M−$9.4M−$7.2M−$224K−$22K−$547M−$113M$22.7M

DXP Enterprises: income statement and cash flow

DXP Enterprises, Q3 2026: revenue $587M (+14% year over year), operating margin 8.9%. The chart follows the revenue to costs, profit and cash.

DXP Enterprises: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.