DNOW vs DXP Enterprises
DNOW reported revenue of $2.8 billion in fiscal 2025, 1.4 times DXP Enterprises' $2.0 billion in fiscal 2025. DNOW's revenue grew 18.8% in its latest year, and DXP Enterprises' grew 11.9%. DNOW had an operating margin of -3.3%, against 8.8% at DXP Enterprises. Free cash flow was $134 million at DNOW and $54 million at DXP Enterprises.
Side by side
| DNOW | DXP Enterprises | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $2.8B | $2.0B |
| Revenue growth | 18.8% | 11.9% |
| Revenue growth a year, last 5 years | 11.7% | 14.9% |
| Gross margin | 16.9% | 31.5% |
| Operating margin | −3.3% | 8.8% |
| Net margin | −3.2% | 4.4% |
| Free cash flow | $134M | $54M |
| Free cash flow margin | 4.8% | 2.7% |
| Return on capital | −4.3% | 13.4% |
| Net debt to EBITDA | — | 2.6x |
| Dividends and buybacks | $37M | $17M |
| Change in diluted share count | 10.0% | −1.2% |
| Last close | $13.27 | $140.68 |
| P/E at the last close | — | 23.4× |
| Insider trades, last 12 months | sold $7.5 million | sold $3.7 million |
| Piotroski F-score | 4 of 9 | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
DNOWDXP Enterprises
Operating margin
Percent of revenue
DNOWDXP Enterprises
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
DNOWDXP Enterprises
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the DNOW and DXP Enterprises pages.