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

Voya Financial, Inc. is the larger business by last-quarter revenue ($603.0M vs $527.4M, roughly 1.1× DXP ENTERPRISES INC). Voya Financial, Inc. runs the higher net margin — 23.2% vs 4.3%, a 18.9% gap on every dollar of revenue. On growth, DXP ENTERPRISES INC posted the faster year-over-year revenue change (12.0% vs 7.5%). Over the past eight quarters, DXP ENTERPRISES INC's revenue compounded faster (13.1% CAGR vs 7.8%).

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.

Voya Financial is an American financial, retirement, investment and insurance company based in New York City. Voya began as ING U.S., the United States operating subsidiary of ING Group, which was spun off in 2013 and established independent financial backing through an initial public offering. In April 2014, the company rebranded itself as Voya Financial. Voya's predecessors had first entered the U.S. market in the 1970s.

DXPE vs VOYA — Head-to-Head

Bigger by revenue
VOYA
VOYA
1.1× larger
VOYA
$603.0M
$527.4M
DXPE
Growing faster (revenue YoY)
DXPE
DXPE
+4.5% gap
DXPE
12.0%
7.5%
VOYA
Higher net margin
VOYA
VOYA
18.9% more per $
VOYA
23.2%
4.3%
DXPE
Faster 2-yr revenue CAGR
DXPE
DXPE
Annualised
DXPE
13.1%
7.8%
VOYA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DXPE
DXPE
VOYA
VOYA
Revenue
$527.4M
$603.0M
Net Profit
$22.8M
$140.0M
Gross Margin
31.6%
Operating Margin
8.8%
28.0%
Net Margin
4.3%
23.2%
Revenue YoY
12.0%
7.5%
Net Profit YoY
6.9%
44.3%
EPS (diluted)
$1.38
$1.41

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
VOYA
VOYA
Q4 25
$527.4M
$603.0M
Q3 25
$513.7M
$572.0M
Q2 25
$498.7M
$542.0M
Q1 25
$476.6M
$538.0M
Q4 24
$470.9M
$561.0M
Q3 24
$472.9M
$542.0M
Q2 24
$445.6M
$528.0M
Q1 24
$412.6M
$519.0M
Net Profit
DXPE
DXPE
VOYA
VOYA
Q4 25
$22.8M
$140.0M
Q3 25
$21.6M
$192.0M
Q2 25
$23.6M
$166.0M
Q1 25
$20.6M
$156.0M
Q4 24
$21.4M
$97.0M
Q3 24
$21.1M
$114.0M
Q2 24
$16.7M
$205.0M
Q1 24
$11.3M
$251.0M
Gross Margin
DXPE
DXPE
VOYA
VOYA
Q4 25
31.6%
Q3 25
31.4%
Q2 25
31.6%
Q1 25
31.5%
Q4 24
31.5%
Q3 24
30.9%
Q2 24
30.9%
Q1 24
30.0%
Operating Margin
DXPE
DXPE
VOYA
VOYA
Q4 25
8.8%
28.0%
Q3 25
8.5%
53.7%
Q2 25
9.2%
34.7%
Q1 25
8.5%
32.2%
Q4 24
8.3%
21.4%
Q3 24
8.4%
21.4%
Q2 24
8.4%
52.3%
Q1 24
7.1%
55.3%
Net Margin
DXPE
DXPE
VOYA
VOYA
Q4 25
4.3%
23.2%
Q3 25
4.2%
33.6%
Q2 25
4.7%
30.6%
Q1 25
4.3%
29.0%
Q4 24
4.5%
17.3%
Q3 24
4.5%
21.0%
Q2 24
3.7%
38.8%
Q1 24
2.7%
48.4%
EPS (diluted)
DXPE
DXPE
VOYA
VOYA
Q4 25
$1.38
$1.41
Q3 25
$1.31
$1.80
Q2 25
$1.43
$1.66
Q1 25
$1.25
$1.42
Q4 24
$1.28
$0.99
Q3 24
$1.27
$0.98
Q2 24
$1.00
$1.96
Q1 24
$0.67
$2.24

Balance Sheet & Financial Strength

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

Metric
DXPE
DXPE
VOYA
VOYA
Cash + ST InvestmentsLiquidity on hand
$303.8M
Total DebtLower is stronger
$2.1B
Stockholders' EquityBook value
$498.4M
$5.0B
Total Assets
$1.7B
$178.9B
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DXPE
DXPE
VOYA
VOYA
Q4 25
$303.8M
Q3 25
$123.8M
Q2 25
$112.9M
Q1 25
$114.3M
Q4 24
$148.3M
Q3 24
$35.0M
Q2 24
$49.9M
Q1 24
$139.7M
Total Debt
DXPE
DXPE
VOYA
VOYA
Q4 25
$2.1B
Q3 25
$2.1B
Q2 25
$2.1B
Q1 25
$2.1B
Q4 24
$2.5B
Q3 24
$2.5B
Q2 24
$2.1B
Q1 24
$2.1B
Stockholders' Equity
DXPE
DXPE
VOYA
VOYA
Q4 25
$498.4M
$5.0B
Q3 25
$488.3M
$5.0B
Q2 25
$468.1M
$4.6B
Q1 25
$444.7M
$4.4B
Q4 24
$422.8M
$4.0B
Q3 24
$402.4M
$4.7B
Q2 24
$384.7M
$4.0B
Q1 24
$375.5M
$4.2B
Total Assets
DXPE
DXPE
VOYA
VOYA
Q4 25
$1.7B
$178.9B
Q3 25
$1.4B
$177.4B
Q2 25
$1.4B
$172.4B
Q1 25
$1.4B
$163.9B
Q4 24
$1.3B
$163.9B
Q3 24
$1.2B
$166.9B
Q2 24
$1.2B
$161.3B
Q1 24
$1.2B
$161.6B
Debt / Equity
DXPE
DXPE
VOYA
VOYA
Q4 25
0.42×
Q3 25
0.42×
Q2 25
0.45×
Q1 25
0.48×
Q4 24
0.62×
Q3 24
0.53×
Q2 24
0.52×
Q1 24
0.51×

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
VOYA
VOYA
Operating Cash FlowLast quarter
$37.8M
$557.0M
Free Cash FlowOCF − Capex
$34.5M
FCF MarginFCF / Revenue
6.5%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
1.65×
3.98×
TTM Free Cash FlowTrailing 4 quarters
$54.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DXPE
DXPE
VOYA
VOYA
Q4 25
$37.8M
$557.0M
Q3 25
$34.9M
$168.0M
Q2 25
$18.6M
$742.0M
Q1 25
$3.0M
$-179.0M
Q4 24
$32.1M
$79.0M
Q3 24
$28.3M
$719.0M
Q2 24
$14.7M
$316.0M
Q1 24
$27.0M
$231.0M
Free Cash Flow
DXPE
DXPE
VOYA
VOYA
Q4 25
$34.5M
Q3 25
$28.1M
Q2 25
$8.3M
Q1 25
$-16.9M
Q4 24
$22.7M
Q3 24
$24.4M
Q2 24
$5.9M
Q1 24
$24.1M
FCF Margin
DXPE
DXPE
VOYA
VOYA
Q4 25
6.5%
Q3 25
5.5%
Q2 25
1.7%
Q1 25
-3.6%
Q4 24
4.8%
Q3 24
5.2%
Q2 24
1.3%
Q1 24
5.8%
Capex Intensity
DXPE
DXPE
VOYA
VOYA
Q4 25
0.6%
Q3 25
1.3%
Q2 25
2.1%
Q1 25
4.2%
Q4 24
2.0%
Q3 24
0.8%
Q2 24
2.0%
Q1 24
0.7%
Cash Conversion
DXPE
DXPE
VOYA
VOYA
Q4 25
1.65×
3.98×
Q3 25
1.61×
0.88×
Q2 25
0.79×
4.47×
Q1 25
0.14×
-1.15×
Q4 24
1.50×
0.81×
Q3 24
1.34×
6.31×
Q2 24
0.88×
1.54×
Q1 24
2.38×
0.92×

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%

VOYA
VOYA

Other$295.0M49%
Investment Management Segment$274.0M45%
Distribution Fees Member$34.0M6%

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