DXP Enterprises (DXPE) Cash Flow: Operating & Free Cash Flow

DXP Enterprises (DXPE) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), DXP Enterprises generated $94.26M of operating cash flow and spent $40.29M on capital expenditures. That left free cash flow of $53.98M, down 30.0% from $77.14M a year earlier, or 2.7% of revenue. It returned $17.20M to shareholders through $90.00K in dividends and $17.11M in share buybacks.

DXP Enterprises Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for DXP Enterprises, Inc. (DXPE) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Mar 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	88.68	70.49	68.81	48.10	48.10	15.75	-29.27	35.78	35.52	16.53
Depreciation & Amortization	38.85	33.41	30.11	30.34	28.50	27.14	22.68	25.17	26.16	27.79
Deferred Income Tax	27.36	-14.99	-9.06	-7.54	-7.54	6.14	-14.77	1.11	1.00	-3.83
Stock Based Compensation	5.71	4.71	3.07	1.85	1.85	1.82	3.53	1.96	2.55	1.71
Change in Working Capital	-58.89	4.70	8.41	-70.24	-70.24	-15.57	63.08	-24.67	-32.55	-35.19
Change in Accounts Receivable	-44.57	-12.55	13.29	-93.94	-93.94	-43.74	44.88	5.56	-22.49	-20.54
Change in Inventory	1.04	8.43	-2.03	2.07	2.07	-5.29	22.41	-14.45	-20.84	-7.54
Change in Accounts Payable	0.53	7.55	10.60	35.97	35.97	27.00	-15.35	-16.92	4.25	-8.60
Change in Other Working Capital	-15.89	1.28	-13.46	-14.34	3.37	7.22	11.12	1.14	6.52	1.48
Other Operating Activities	-7.44	3.89	4.89	3.38	3.37	7.94	5.35	1.95	3.15	5.54
Net Cash from Operating Activities	94.26	102.21	106.22	5.89	5.89	37.09	109.65	41.31	35.84	12.54
Investing Activities
Capital Expenditures	-40.29	-25.07	-12.26	-4.92	-4.92	-6.00	-6.67	-22.12	-9.32	-2.81
Acquisitions	-61.68	-156.62	-10.38	-48.51	-48.51	-64.69	-115.25	0.04	-10.81	0.00
Other Investing Activities	2.72	0.00	0.00	0.00	-	1.67	0.12	0.00	2.56	32.68
Net Cash from Investing Activities	-99.25	-181.69	-22.65	-53.42	-53.42	-69.02	-121.80	-22.09	-17.58	-2.81
Financing Activities
Debt Repayment	188.14	95.04	118.15	101.43	-830.72	-3.30	-244.38	-4.34	-3.38	26.42
Common Stock Issued	0.00	0.00	0.00	0.00	-	0.00	1.14	0.27	0.00	0.00
Common Stock Repurchased	-17.11	-29.01	-56.22	-47.87	-47.87	-33.51	-0.14	-0.27	-0.34	-0.93
Dividends Paid	-0.09	-0.09	-0.09	-0.09	-0.09	-0.09	-0.09	-0.09	-0.09	-0.09
Other Financing Activities	-12.08	-9.14	-18.26	-9.16	-9.16	-0.96	-9.13	-1.66	0.55	-12.14
Net Cash from Financing Activities	158.87	56.80	43.58	44.31	44.31	-38.49	77.41	-6.09	-2.92	14.19
Summary
Effect of Forex Changes on Cash	1.49	-2.12	-0.06	0.25	0.25	0.09	-0.17	0.68	-0.40	0.07
Net Change in Cash	155.37	-24.80	127.09	-2.96	-2.96	-70.34	65.09	13.81	14.94	23.99
Cash at Beginning of Period	148.41	173.21	46.12	49.08	49.08	119.42	54.33	40.52	25.58	1.59
Cash at End of Period	303.78	148.41	173.21	46.12	46.12	49.08	117.44	54.33	40.52	25.58
Free Cash Flow	53.98	77.14	93.96	0.98	0.98	31.09	102.98	19.19	26.52	9.73
Supplemental Disclosures
Interest Paid	-	67.01	48.95	-	25.32	19.53	13.32	-	-	-
Income Taxes Paid	-	20.43	21.84	-	26.18	6.12	6.28	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About DXP Enterprises Cash Flow

What is DXP Enterprises's free cash flow?

DXP Enterprises generated free cash flow of $53.98M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $94.26M minus $40.29M of capital expenditures. That was down 30.0% from $77.14M a year earlier. Free cash flow equaled 2.7% of revenue.

How much does DXP Enterprises spend on capital expenditures?

DXP Enterprises spent $40.29M on capital expenditures in fiscal 2025, compared with $25.07M a year earlier. That equals 42.7% of operating cash flow.

Does DXP Enterprises pay dividends or buy back shares?

Yes. In fiscal 2025 DXP Enterprises returned $90.00K in dividends and $17.11M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition