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MSC Industrial Direct vs DXP Enterprises: MSM and DXPE compared
MSC Industrial Direct is the larger company: $1.1B of revenue in its latest quarter (Q4 FY26) against $587M for DXP Enterprises (Q3 2026). DXP Enterprises is growing faster (+14% against +10% a year earlier). DXP Enterprises is more profitable, with an operating margin of 8.9% against 6.7%.
Where the money goes: MSM and DXPE
MSC Industrial Direct (MSM) · Q4 FY26
MSC Industrial Direct, Q4 FY26: revenue $1.1B (+10% year over year), operating margin 6.7%, net earnings $47.9M, operating cash flow $81.0M. The chart follows the revenue to costs, profit and cash.
DXP Enterprises (DXPE) · Q3 2026
DXP Enterprises, Q3 2026: revenue $587M (+14% year over year), operating margin 8.9%, net earnings $26.9M, operating cash flow $18.7M. The chart follows the revenue to costs, profit and cash.
| MSC Industrial Direct (MSM) | DXP Enterprises (DXPE) | |
|---|---|---|
| Latest quarter | Q4 FY26 | Q3 2026 |
| Revenue | $1.1B | $587M |
| Revenue growth, Y/Y | +10% | +14% |
| Gross margin | 40.6% | 30.7% |
| Operating margin | 6.7% | 8.9% |
| Net earnings | $47.9M | $26.9M |
| Net margin | 4.4% | 4.6% |
| Operating cash flow | $81.0M | $18.7M |
| Free cash flow | $63.8M | $14.4M |
| Market value | $6.3B | $2.3B |
| P/E | 28.5× | 23.4× |
| Analysts’ mean target | $134.62 | $190.00 |
Where the revenue comes from
DXP Enterprises
- Service Center: $377M (64%)
- Innovative Pumping Solutions: $144M (25%)
- Supply Chain Services: $66.4M (11%)
Questions
Which is bigger, MSC Industrial Direct or DXP Enterprises?
MSC Industrial Direct is the larger company: $1.1B of revenue in its latest quarter (Q4 FY26) against $587M for DXP Enterprises (Q3 2026).
Is MSC Industrial Direct or DXP Enterprises growing faster?
DXP Enterprises is growing faster (+14% against +10% a year earlier).
Which is more profitable, MSC Industrial Direct or DXP Enterprises?
DXP Enterprises is more profitable, with an operating margin of 8.9% against 6.7%.
More: MSC Industrial Direct earnings · how MSC Industrial Direct makes money · DXP Enterprises earnings · how DXP Enterprises makes money
From the companies' latest 10-Q, 10-K or earnings release (10-K filed Oct 22, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.