Latest Ratios: P/E Ratio 29.0x · EV/EBITDA 14.3x · ROE 19.3%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.4B | $1.8B | $1.4B | $597M | $536M | $508M | $395M | $734M | $512M | $539M | $597M |
| Enterprise Value | $3.1B | $2.5B | $1.9B | $1000M | $962M | $836M | $650M | $984M | $712M | $759M | $821M |
| P/E Ratio → | 28.97 | 20.48 | 19.58 | 8.66 | 11.15 | 30.93 | — | 19.91 | 14.35 | 31.80 | 78.95 |
| P/S Ratio | 1.19 | 0.89 | 0.77 | 0.36 | 0.36 | 0.46 | 0.39 | 0.58 | 0.42 | 0.54 | 0.62 |
| P/B Ratio | 5.12 | 3.62 | 3.26 | 1.57 | 1.47 | 1.42 | 1.09 | 2.13 | 1.66 | 2.01 | 2.37 |
| P/FCF | 44.61 | 33.43 | 17.89 | 6.35 | 548.49 | 16.34 | 3.91 | 38.24 | 19.31 | 55.42 | 13.85 |
| P/OCF | 25.54 | 19.14 | 13.50 | 5.62 | 91.01 | 13.70 | 3.66 | 17.76 | 14.29 | 43.00 | 12.45 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.23 | 1.06 | 0.60 | 0.65 | 0.75 | 0.65 | 0.78 | 0.59 | 0.75 | 0.85 |
| EV / EBITDA | 14.31 | 11.51 | 10.67 | 5.92 | 7.62 | 12.47 | — | 10.62 | 7.53 | 12.39 | 16.63 |
| EV / EBIT | 17.45 | 13.81 | 12.81 | 7.14 | 10.13 | 20.75 | — | 14.58 | 9.72 | 22.37 | 32.51 |
| EV / FCF | — | 45.99 | 24.73 | 10.64 | 983.89 | 26.88 | 6.43 | 51.27 | 26.86 | 78.02 | 19.02 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 31.5% | 31.5% | 30.9% | 30.1% | 28.5% | 29.5% | 27.6% | 27.7% | 27.3% | 27.0% | 27.5% |
| Operating Margin | 8.8% | 8.8% | 8.1% | 8.3% | 6.6% | 3.6% | -2.8% | 5.3% | 5.6% | 3.3% | 2.0% |
| Net Profit Margin | 4.4% | 4.4% | 3.9% | 4.1% | 3.3% | 1.5% | -2.9% | 2.9% | 2.9% | 1.7% | 0.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 19.3% | 19.3% | 17.5% | 18.4% | 13.3% | 4.6% | -8.3% | 11.3% | 12.4% | 6.5% | 3.4% |
| ROA | 5.8% | 5.8% | 5.6% | 6.2% | 5.0% | 1.9% | -3.5% | 5.0% | 5.3% | 2.7% | 1.2% |
| ROIC | 12.5% | 12.5% | 12.6% | 13.2% | 9.9% | 4.6% | -3.4% | 9.2% | 10.3% | 5.2% | 2.8% |
| ROCE | 14.0% | 14.0% | 14.1% | 15.6% | 12.6% | 5.5% | -4.1% | 11.3% | 12.8% | 7.0% | 4.1% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.97 | 1.97 | 1.60 | 1.51 | 1.29 | 1.05 | 1.04 | 0.88 | 0.78 | 0.90 | 0.89 |
| Debt / EBITDA | 4.55 | 4.55 | 3.78 | 3.41 | 3.74 | 5.62 | — | 3.28 | 2.54 | 3.95 | 4.56 |
| Net Debt / Equity | — | 1.36 | 1.25 | 1.06 | 1.17 | 0.91 | 0.71 | 0.72 | 0.65 | 0.82 | 0.88 |
| Net Debt / EBITDA | 3.14 | 3.14 | 2.95 | 2.39 | 3.37 | 4.89 | — | 2.70 | 2.11 | 3.59 | 4.52 |
| Debt / FCF | — | 12.56 | 6.84 | 4.29 | 435.40 | 10.54 | 2.52 | 13.03 | 7.55 | 22.60 | 5.17 |
| Interest Coverage | 2.97 | 2.97 | 2.33 | 2.64 | 3.26 | 1.91 | -1.35 | 3.46 | 3.50 | 1.99 | 1.62 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.34 | 3.34 | 2.71 | 2.89 | 2.42 | 2.23 | 2.78 | 2.76 | 2.69 | 2.55 | 1.60 |
| Quick Ratio | 2.94 | 2.94 | 2.29 | 2.43 | 1.95 | 1.68 | 2.12 | 1.88 | 1.89 | 1.81 | 1.10 |
| Cash Ratio | 1.11 | 1.11 | 0.61 | 0.77 | 0.22 | 0.27 | 0.81 | 0.37 | 0.28 | 0.18 | 0.01 |
| Asset Turnover | — | 1.20 | 1.34 | 1.43 | 1.43 | 1.23 | 1.16 | 1.60 | 1.74 | 1.58 | 1.57 |
| Inventory Turnover | 12.76 | 12.76 | 12.08 | 11.30 | 10.44 | 7.78 | 7.50 | 7.07 | 7.70 | 8.04 | 8.33 |
| Days Sales Outstanding | — | 71.96 | 79.01 | 76.86 | 79.09 | 80.31 | 68.40 | 63.84 | 67.62 | 70.92 | 64.46 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.5% | 4.9% | 5.1% | 11.5% | 9.0% | 3.2% | — | 5.0% | 7.0% | 3.1% | 1.3% |
| FCF Yield | 2.2% | 3.0% | 5.6% | 15.7% | 0.2% | 6.1% | 25.6% | 2.6% | 5.2% | 1.8% | 7.2% |
| Buyback Yield | 0.7% | 0.9% | 2.1% | 9.4% | 8.9% | 6.6% | 0.0% | 0.0% | 0.1% | 0.2% | 0.0% |
| Total Shareholder Yield | 0.7% | 1.0% | 2.1% | 9.4% | 8.9% | 6.6% | 0.0% | 0.0% | 0.1% | 0.2% | 0.0% |
| Shares Outstanding | — | $16M | $17M | $18M | $19M | $20M | $18M | $18M | $18M | $18M | $17M |
Cyclical energy sector exposure
Based on current market data, DXPE trades at a TTM P/E of 30.48, which appears elevated relative to its historical norms and suggests that investors are pricing in significant future earnings expansion that may not be fully supported by the recent deceleration in top-line growth trends.
The current P/E multiple implies a growth-oriented valuation that sits uncomfortably high for a business model heavily tethered to the volatile energy and industrial production cycles. When compared to peers like MSC Industrial Direct, the premium valuation warrants caution, as it assumes a level of earnings stability that the company's historical margin fluctuations have yet to consistently demonstrate.
As reported in financial statements, DXPE's ROIC has remained stagnant in the 2.7% to 3.3% range over the last ten quarters, indicating that the company's aggressive acquisition-led growth strategy is struggling to generate returns that meaningfully exceed the cost of capital required to fund these expansions.
The persistent low single-digit ROIC suggests that the integration of acquired entities is not yet yielding the expected synergies or operational efficiencies. Investors should monitor whether management can shift focus from inorganic volume growth to improving the return profile of the existing asset base, as current levels appear insufficient for long-term value creation.
According to quarterly data, DXPE's cash conversion cycle has fluctuated between 71 and 83 days, reflecting a persistent challenge in managing inventory and receivables effectively within a business model that relies on high-touch, custom-engineered solutions for its industrial and energy-sector clients.
The variability in the CCC suggests that the company's working capital efficiency is highly sensitive to project-based revenue recognition and inventory build-ups. This lack of consistency in turning over assets indicates that the company may be carrying excess inventory or facing collection delays, which directly impacts the quality of its reported earnings.
Based on recent filings, DXPE's debt-to-equity ratio reached 1.97 in 2025Q4, a figure that highlights the company's reliance on external financing to fuel its roll-up strategy and suggests that interest coverage ratios may become increasingly precarious if industrial demand softens and operating cash flows contract.
While the company maintains a presence in essential industrial services, the elevated leverage profile leaves little room for error during cyclical downturns. The reliance on debt to fund acquisitions creates a structural vulnerability, as any sustained decline in the energy sector could force a pivot from growth-oriented capital allocation to defensive balance sheet preservation.
The P/E ratio is frequently misapplied to DXPE because it fails to account for the significant non-cash charges and acquisition-related amortization that distort net income, making the P/FCF or EV/EBITDA metrics far more reliable indicators of the company's true underlying cash-generating capacity.
Using P/E as the primary valuation tool obscures the impact of the company's aggressive M&A strategy on reported earnings. Analysts should instead focus on EV/EBITDA to normalize for capital structure differences and prioritize free cash flow analysis to better understand the actual cash available to shareholders after accounting for the capital-intensive nature of its distribution and fabrication operations.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying DXPE stock.
DXP Enterprises, Inc.'s current P/E ratio is 29.0x. The historical average is 19.6x. This places it at the 81th percentile of its historical range.
DXP Enterprises, Inc.'s current EV/EBITDA is 14.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.5x.
DXP Enterprises, Inc.'s return on equity (ROE) is 19.3%. The historical average is 9.5%.
Based on historical data, DXP Enterprises, Inc. is trading at a P/E of 29.0x. This is at the 81th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
DXP Enterprises, Inc.'s current dividend yield is 0.00%.
DXP Enterprises, Inc. has 31.5% gross margin and 8.8% operating margin.
DXP Enterprises, Inc.'s Debt/EBITDA ratio is 4.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.