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Side-by-side financial comparison of DXP ENTERPRISES INC (DXPE) and FULLER H B CO (FUL). Click either name above to swap in a different company.

FULLER H B CO is the larger business by last-quarter revenue ($892.0M vs $527.4M, roughly 1.7× DXP ENTERPRISES INC). FULLER H B CO runs the higher net margin — 7.5% vs 4.3%, a 3.2% gap on every dollar of revenue. On growth, DXP ENTERPRISES INC posted the faster year-over-year revenue change (12.0% vs -2.8%). FULLER H B CO produced more free cash flow last quarter ($68.9M vs $34.5M). Over the past eight quarters, DXP ENTERPRISES INC's revenue compounded faster (13.1% CAGR vs 5.0%).

DXP Enterprises Inc. is a leading industrial distribution firm that provides maintenance, repair, operations (MRO) supplies, fluid handling equipment, pump systems and related technical services. It primarily serves customers in manufacturing, energy, mining, construction sectors, with core market coverage across North America.

H.B. Fuller Company is an American multinational adhesives manufacturing company headquartered in St. Paul, Minnesota. H.B. Fuller manufactures more than 20,000 products for a variety of applications, including those used in construction, engineering, electronics, hygiene products, and food packaging. Its products are made at 81 manufacturing facilities in 26 countries. As of 2024, it was the fourth-largest manufacturer of adhesives and sealants in the world, employed approximately 7,500 peop...

DXPE vs FUL — Head-to-Head

Bigger by revenue
FUL
FUL
1.7× larger
FUL
$892.0M
$527.4M
DXPE
Growing faster (revenue YoY)
DXPE
DXPE
+14.8% gap
DXPE
12.0%
-2.8%
FUL
Higher net margin
FUL
FUL
3.2% more per $
FUL
7.5%
4.3%
DXPE
More free cash flow
FUL
FUL
$34.5M more FCF
FUL
$68.9M
$34.5M
DXPE
Faster 2-yr revenue CAGR
DXPE
DXPE
Annualised
DXPE
13.1%
5.0%
FUL

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
DXPE
DXPE
FUL
FUL
Revenue
$527.4M
$892.0M
Net Profit
$22.8M
$67.2M
Gross Margin
31.6%
32.0%
Operating Margin
8.8%
12.3%
Net Margin
4.3%
7.5%
Revenue YoY
12.0%
-2.8%
Net Profit YoY
6.9%
21.3%
EPS (diluted)
$1.38
$1.22

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DXPE
DXPE
FUL
FUL
Q4 25
$527.4M
Q3 25
$513.7M
$892.0M
Q2 25
$498.7M
$898.1M
Q1 25
$476.6M
Q4 24
$470.9M
Q3 24
$472.9M
$917.9M
Q2 24
$445.6M
Q1 24
$412.6M
$810.4M
Net Profit
DXPE
DXPE
FUL
FUL
Q4 25
$22.8M
Q3 25
$21.6M
$67.2M
Q2 25
$23.6M
$41.8M
Q1 25
$20.6M
Q4 24
$21.4M
Q3 24
$21.1M
$55.4M
Q2 24
$16.7M
Q1 24
$11.3M
$31.0M
Gross Margin
DXPE
DXPE
FUL
FUL
Q4 25
31.6%
Q3 25
31.4%
32.0%
Q2 25
31.6%
31.9%
Q1 25
31.5%
Q4 24
31.5%
Q3 24
30.9%
30.0%
Q2 24
30.9%
Q1 24
30.0%
29.5%
Operating Margin
DXPE
DXPE
FUL
FUL
Q4 25
8.8%
Q3 25
8.5%
12.3%
Q2 25
9.2%
11.1%
Q1 25
8.5%
Q4 24
8.3%
Q3 24
8.4%
11.4%
Q2 24
8.4%
Q1 24
7.1%
8.3%
Net Margin
DXPE
DXPE
FUL
FUL
Q4 25
4.3%
Q3 25
4.2%
7.5%
Q2 25
4.7%
4.7%
Q1 25
4.3%
Q4 24
4.5%
Q3 24
4.5%
6.0%
Q2 24
3.7%
Q1 24
2.7%
3.8%
EPS (diluted)
DXPE
DXPE
FUL
FUL
Q4 25
$1.38
Q3 25
$1.31
$1.22
Q2 25
$1.43
$0.76
Q1 25
$1.25
Q4 24
$1.28
Q3 24
$1.27
$0.98
Q2 24
$1.00
Q1 24
$0.67
$0.55

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DXPE
DXPE
FUL
FUL
Cash + ST InvestmentsLiquidity on hand
$303.8M
$122.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$498.4M
$2.0B
Total Assets
$1.7B
$5.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DXPE
DXPE
FUL
FUL
Q4 25
$303.8M
Q3 25
$123.8M
$122.5M
Q2 25
$112.9M
$96.8M
Q1 25
$114.3M
Q4 24
$148.3M
Q3 24
$35.0M
$131.4M
Q2 24
$49.9M
Q1 24
$139.7M
$165.2M
Stockholders' Equity
DXPE
DXPE
FUL
FUL
Q4 25
$498.4M
Q3 25
$488.3M
$2.0B
Q2 25
$468.1M
$1.9B
Q1 25
$444.7M
Q4 24
$422.8M
Q3 24
$402.4M
$1.8B
Q2 24
$384.7M
Q1 24
$375.5M
$1.8B
Total Assets
DXPE
DXPE
FUL
FUL
Q4 25
$1.7B
Q3 25
$1.4B
$5.2B
Q2 25
$1.4B
$5.1B
Q1 25
$1.4B
Q4 24
$1.3B
Q3 24
$1.2B
$5.0B
Q2 24
$1.2B
Q1 24
$1.2B
$4.7B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DXPE
DXPE
FUL
FUL
Operating Cash FlowLast quarter
$37.8M
$99.0M
Free Cash FlowOCF − Capex
$34.5M
$68.9M
FCF MarginFCF / Revenue
6.5%
7.7%
Capex IntensityCapex / Revenue
0.6%
3.4%
Cash ConversionOCF / Net Profit
1.65×
1.47×
TTM Free Cash FlowTrailing 4 quarters
$54.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DXPE
DXPE
FUL
FUL
Q4 25
$37.8M
Q3 25
$34.9M
$99.0M
Q2 25
$18.6M
Q1 25
$3.0M
Q4 24
$32.1M
Q3 24
$28.3M
$169.4M
Q2 24
$14.7M
Q1 24
$27.0M
$47.4M
Free Cash Flow
DXPE
DXPE
FUL
FUL
Q4 25
$34.5M
Q3 25
$28.1M
$68.9M
Q2 25
$8.3M
Q1 25
$-16.9M
Q4 24
$22.7M
Q3 24
$24.4M
$99.9M
Q2 24
$5.9M
Q1 24
$24.1M
$4.1M
FCF Margin
DXPE
DXPE
FUL
FUL
Q4 25
6.5%
Q3 25
5.5%
7.7%
Q2 25
1.7%
Q1 25
-3.6%
Q4 24
4.8%
Q3 24
5.2%
10.9%
Q2 24
1.3%
Q1 24
5.8%
0.5%
Capex Intensity
DXPE
DXPE
FUL
FUL
Q4 25
0.6%
Q3 25
1.3%
3.4%
Q2 25
2.1%
Q1 25
4.2%
Q4 24
2.0%
Q3 24
0.8%
7.6%
Q2 24
2.0%
Q1 24
0.7%
5.3%
Cash Conversion
DXPE
DXPE
FUL
FUL
Q4 25
1.65×
Q3 25
1.61×
1.47×
Q2 25
0.79×
Q1 25
0.14×
Q4 24
1.50×
Q3 24
1.34×
3.06×
Q2 24
0.88×
Q1 24
2.38×
1.53×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DXPE
DXPE

Service Centers$356.2M68%
Innovative Pumping Solutions$110.0M21%
Supply Chain Services$61.2M12%

FUL
FUL

Hygiene Health And Consumable Adhesives$386.1M43%
Engineering Adhesives$272.3M31%
Building Adhesives Solutions$233.7M26%

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