Filing Flows › DXP Enterprises (DXPE) › Q2 2025
DXP Enterprises (DXPE) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
DXP Enterprises (DXPE) reported revenue of $499M for the second quarter 2025 (Q2 2025), +12% from a year earlier and +5% from the quarter before. Operating margin was 9.2%, net earnings $23.6M (4.7% of revenue).
DXP Enterprises, Q2 2025: revenue $499M (+12% year over year), operating margin 9.2%, net earnings $23.6M, operating cash flow $18.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $499M | +5% | +12% |
| Gross profit | $158M | +5% | +15% |
| Operating profit | $46.0M | +14% | +23% |
| Net earnings | $23.6M | +15% | +41% |
| Operating cash flow | $18.6M | +527% | +27% |
| Free cash flow | $8.3M | — | +40% |
What changed
Revenue was $498.7M in Q2 2025, up 12% year over year and up 5% from the previous quarter. Service Center was the largest line at 68% of revenue. Service Center added $33.2M year over year (up 11%), 63% of the total change.
Gross margin was 31.6%, up 0.7 points from a year earlier. Operating profit was $46.0M, a 9.2% margin (up 0.8 points year over year). Of the extra revenue versus a year earlier, 16% reached operating profit, above the 8% margin then. Operating expenses grew 11% against revenue growth of 12%. Net earnings were $23.6M, up 41% year over year. The effective tax rate was 25.3%.
Operating cash flow was $18.6M (up 27% year over year), 79% of net earnings. Non-cash charges added back $2.5M of depreciation and $1.5M of share-based compensation. Working capital and other items used $9.0M. After purchases of property and equipment ($10.3M), free cash flow as the company reports it was $8.3M.
Questions
What was DXP Enterprises' revenue in the second quarter 2025?
DXP Enterprises (DXPE) reported revenue of $499M for the second quarter 2025 (Q2 2025), +12% from a year earlier and +5% from the quarter before.
Was DXP Enterprises profitable in the second quarter 2025?
Operating profit was $46.0M (9.2% of revenue) and net earnings $23.6M.
Source: DXP Enterprises 10-Q on SEC EDGAR.