Filing Flows › DXP Enterprises (DXPE) › Q3 2025
DXP Enterprises (DXPE) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
DXP Enterprises (DXPE) reported revenue of $514M for the third quarter 2025 (Q3 2025), +9% from a year earlier and +3% from the quarter before. Operating margin was 8.5%, net earnings $21.6M (4.2% of revenue).
DXP Enterprises, Q3 2025: revenue $514M (+9% year over year), operating margin 8.5%, net earnings $21.6M, operating cash flow $34.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $514M | +3% | +9% |
| Gross profit | $161M | +2% | +10% |
| Operating profit | $43.7M | -5% | +10% |
| Net earnings | $21.6M | -8% | +3% |
| Operating cash flow | $34.9M | +87% | +23% |
| Free cash flow | $28.1M | — | +15% |
What changed
Revenue was $513.7M in Q3 2025, up 9% year over year and up 3% from the previous quarter. Service Center was the largest line at 68% of revenue. Service Center added $33.3M year over year (up 11%), 82% of the total change. Supply Chain Services declined 5%.
Gross margin was 31.4%, up 0.5 points from a year earlier. Operating profit was $43.7M, a 8.5% margin (up 0.1 points year over year). Of the extra revenue versus a year earlier, 10% reached operating profit, above the 8% margin then. Operating expenses grew 10% against revenue growth of 9%. Net earnings were $21.6M, up 3% year over year. The effective tax rate was 26.6%.
Operating cash flow was $34.9M (up 23% year over year), 161% of net earnings. Non-cash charges added back $2.8M of depreciation and $1.5M of share-based compensation. Working capital and other items added $9.0M. After purchases of property and equipment ($6.7M), free cash flow as the company reports it was $28.1M.
Questions
What was DXP Enterprises' revenue in the third quarter 2025?
DXP Enterprises (DXPE) reported revenue of $514M for the third quarter 2025 (Q3 2025), +9% from a year earlier and +3% from the quarter before.
Was DXP Enterprises profitable in the third quarter 2025?
Operating profit was $43.7M (8.5% of revenue) and net earnings $21.6M.
Source: DXP Enterprises 10-Q on SEC EDGAR.