Filing Flows › DXP Enterprises (DXPE) › Q4 2025
DXP Enterprises (DXPE) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
DXP Enterprises (DXPE) reported revenue of $527M for the fourth quarter 2025 (Q4 2025), +12% from a year earlier and +3% from the quarter before. Operating margin was 8.8%, net earnings $22.8M (4.3% of revenue).
DXP Enterprises, Q4 2025: revenue $527M (+12% year over year), operating margin 8.8%, net earnings $22.8M, operating cash flow $37.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $527M | +3% | +12% |
| Gross profit | $167M | +3% | +12% |
| Operating profit | $46.7M | +7% | +19% |
| Net earnings | $22.8M | +6% | +7% |
| Operating cash flow | $37.8M | +8% | +17% |
| Free cash flow | $34.5M | — | +52% |
What changed
Revenue was $527.4M in Q4 2025, up 12% year over year and up 3% from the previous quarter. Service Centers was the largest line at 68% of revenue.
Gross margin was 31.6%, up 0.1 points from a year earlier. Operating profit was $46.7M, a 8.8% margin (up 0.5 points year over year). Of the extra revenue versus a year earlier, 13% reached operating profit, above the 8% margin then. Operating expenses grew 10% against revenue growth of 12%. Net earnings were $22.8M, up 7% year over year. The effective tax rate was 26.3%.
Operating cash flow was $37.8M (up 17% year over year), 165% of net earnings. Non-cash charges added back $19.0M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items used $5.6M. After purchases of property and equipment, net ($3.3M), free cash flow as the company reports it was $34.5M.
Questions
What was DXP Enterprises' revenue in the fourth quarter 2025?
DXP Enterprises (DXPE) reported revenue of $527M for the fourth quarter 2025 (Q4 2025), +12% from a year earlier and +3% from the quarter before.
Was DXP Enterprises profitable in the fourth quarter 2025?
Operating profit was $46.7M (8.8% of revenue) and net earnings $22.8M.
Source: DXP Enterprises 10-K on SEC EDGAR.