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Side-by-side financial comparison of DXP ENTERPRISES INC (DXPE) and Paymentus Holdings, Inc. (PAY). Click either name above to swap in a different company.

DXP ENTERPRISES INC is the larger business by last-quarter revenue ($527.4M vs $330.5M, roughly 1.6× Paymentus Holdings, Inc.). Paymentus Holdings, Inc. runs the higher net margin — 6.3% vs 4.3%, a 1.9% gap on every dollar of revenue. On growth, Paymentus Holdings, Inc. posted the faster year-over-year revenue change (28.1% vs 12.0%). Paymentus Holdings, Inc. produced more free cash flow last quarter ($45.0M vs $34.5M). Over the past eight quarters, Paymentus Holdings, Inc.'s revenue compounded faster (33.7% CAGR vs 13.1%).

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.

Paymentus Holdings, Inc. is a leading cloud-based bill payment and customer engagement technology provider. It offers integrated digital payment solutions, billing automation tools, and self-service portals for enterprises across utilities, financial services, government, healthcare, and telecommunications segments, primarily operating in the North American market.

DXPE vs PAY — Head-to-Head

Bigger by revenue
DXPE
DXPE
1.6× larger
DXPE
$527.4M
$330.5M
PAY
Growing faster (revenue YoY)
PAY
PAY
+16.2% gap
PAY
28.1%
12.0%
DXPE
Higher net margin
PAY
PAY
1.9% more per $
PAY
6.3%
4.3%
DXPE
More free cash flow
PAY
PAY
$10.6M more FCF
PAY
$45.0M
$34.5M
DXPE
Faster 2-yr revenue CAGR
PAY
PAY
Annualised
PAY
33.7%
13.1%
DXPE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DXPE
DXPE
PAY
PAY
Revenue
$527.4M
$330.5M
Net Profit
$22.8M
$20.7M
Gross Margin
31.6%
25.4%
Operating Margin
8.8%
7.3%
Net Margin
4.3%
6.3%
Revenue YoY
12.0%
28.1%
Net Profit YoY
6.9%
57.2%
EPS (diluted)
$1.38
$0.16

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
PAY
PAY
Q4 25
$527.4M
$330.5M
Q3 25
$513.7M
$310.7M
Q2 25
$498.7M
$280.1M
Q1 25
$476.6M
$275.2M
Q4 24
$470.9M
$257.9M
Q3 24
$472.9M
$231.6M
Q2 24
$445.6M
$197.4M
Q1 24
$412.6M
$184.9M
Net Profit
DXPE
DXPE
PAY
PAY
Q4 25
$22.8M
$20.7M
Q3 25
$21.6M
$17.7M
Q2 25
$23.6M
$14.7M
Q1 25
$20.6M
$13.8M
Q4 24
$21.4M
$13.1M
Q3 24
$21.1M
$14.4M
Q2 24
$16.7M
$9.4M
Q1 24
$11.3M
$7.2M
Gross Margin
DXPE
DXPE
PAY
PAY
Q4 25
31.6%
25.4%
Q3 25
31.4%
24.1%
Q2 25
31.6%
25.5%
Q1 25
31.5%
24.0%
Q4 24
31.5%
25.6%
Q3 24
30.9%
26.2%
Q2 24
30.9%
29.8%
Q1 24
30.0%
28.5%
Operating Margin
DXPE
DXPE
PAY
PAY
Q4 25
8.8%
7.3%
Q3 25
8.5%
6.4%
Q2 25
9.2%
5.7%
Q1 25
8.5%
5.7%
Q4 24
8.3%
5.5%
Q3 24
8.4%
5.2%
Q2 24
8.4%
5.2%
Q1 24
7.1%
4.5%
Net Margin
DXPE
DXPE
PAY
PAY
Q4 25
4.3%
6.3%
Q3 25
4.2%
5.7%
Q2 25
4.7%
5.3%
Q1 25
4.3%
5.0%
Q4 24
4.5%
5.1%
Q3 24
4.5%
6.2%
Q2 24
3.7%
4.7%
Q1 24
2.7%
3.9%
EPS (diluted)
DXPE
DXPE
PAY
PAY
Q4 25
$1.38
$0.16
Q3 25
$1.31
$0.14
Q2 25
$1.43
$0.11
Q1 25
$1.25
$0.11
Q4 24
$1.28
$0.11
Q3 24
$1.27
$0.11
Q2 24
$1.00
$0.07
Q1 24
$0.67
$0.06

Balance Sheet & Financial Strength

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

Metric
DXPE
DXPE
PAY
PAY
Cash + ST InvestmentsLiquidity on hand
$303.8M
$320.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$498.4M
$560.4M
Total Assets
$1.7B
$667.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DXPE
DXPE
PAY
PAY
Q4 25
$303.8M
$320.9M
Q3 25
$123.8M
$287.9M
Q2 25
$112.9M
$266.4M
Q1 25
$114.3M
$245.8M
Q4 24
$148.3M
$205.9M
Q3 24
$35.0M
$187.5M
Q2 24
$49.9M
$188.8M
Q1 24
$139.7M
$180.1M
Stockholders' Equity
DXPE
DXPE
PAY
PAY
Q4 25
$498.4M
$560.4M
Q3 25
$488.3M
$537.4M
Q2 25
$468.1M
$516.7M
Q1 25
$444.7M
$500.4M
Q4 24
$422.8M
$485.6M
Q3 24
$402.4M
$468.8M
Q2 24
$384.7M
$451.6M
Q1 24
$375.5M
$439.4M
Total Assets
DXPE
DXPE
PAY
PAY
Q4 25
$1.7B
$667.9M
Q3 25
$1.4B
$644.4M
Q2 25
$1.4B
$609.5M
Q1 25
$1.4B
$590.9M
Q4 24
$1.3B
$576.2M
Q3 24
$1.2B
$552.9M
Q2 24
$1.2B
$527.7M
Q1 24
$1.2B
$514.0M

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
PAY
PAY
Operating Cash FlowLast quarter
$37.8M
$45.1M
Free Cash FlowOCF − Capex
$34.5M
$45.0M
FCF MarginFCF / Revenue
6.5%
13.6%
Capex IntensityCapex / Revenue
0.6%
0.0%
Cash ConversionOCF / Net Profit
1.65×
2.18×
TTM Free Cash FlowTrailing 4 quarters
$54.0M
$161.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DXPE
DXPE
PAY
PAY
Q4 25
$37.8M
$45.1M
Q3 25
$34.9M
$35.1M
Q2 25
$18.6M
$31.5M
Q1 25
$3.0M
$50.4M
Q4 24
$32.1M
$27.9M
Q3 24
$28.3M
$6.7M
Q2 24
$14.7M
$18.0M
Q1 24
$27.0M
$11.0M
Free Cash Flow
DXPE
DXPE
PAY
PAY
Q4 25
$34.5M
$45.0M
Q3 25
$28.1M
$35.0M
Q2 25
$8.3M
$31.4M
Q1 25
$-16.9M
$50.4M
Q4 24
$22.7M
$27.8M
Q3 24
$24.4M
$6.7M
Q2 24
$5.9M
$17.8M
Q1 24
$24.1M
$10.8M
FCF Margin
DXPE
DXPE
PAY
PAY
Q4 25
6.5%
13.6%
Q3 25
5.5%
11.3%
Q2 25
1.7%
11.2%
Q1 25
-3.6%
18.3%
Q4 24
4.8%
10.8%
Q3 24
5.2%
2.9%
Q2 24
1.3%
9.0%
Q1 24
5.8%
5.9%
Capex Intensity
DXPE
DXPE
PAY
PAY
Q4 25
0.6%
0.0%
Q3 25
1.3%
0.0%
Q2 25
2.1%
0.0%
Q1 25
4.2%
0.0%
Q4 24
2.0%
0.0%
Q3 24
0.8%
0.0%
Q2 24
2.0%
0.1%
Q1 24
0.7%
0.1%
Cash Conversion
DXPE
DXPE
PAY
PAY
Q4 25
1.65×
2.18×
Q3 25
1.61×
1.98×
Q2 25
0.79×
2.14×
Q1 25
0.14×
3.65×
Q4 24
1.50×
2.12×
Q3 24
1.34×
0.47×
Q2 24
0.88×
1.93×
Q1 24
2.38×
1.52×

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%

PAY
PAY

Payment Transaction Processing Revenue$326.9M99%
Other$3.5M1%

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