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DXP ENTERPRISES INC（DXPE）与Forestar Group Inc.（FOR）财务数据对比。点击上方公司名可切换其他公司
DXP ENTERPRISES INC的季度营收约是Forestar Group Inc.的1.9倍（$527.4M vs $273.0M），Forestar Group Inc.净利率更高（5.6% vs 4.3%，领先1.3%），DXP ENTERPRISES INC同比增速更快（12.0% vs 9.0%），DXP ENTERPRISES INC自由现金流更多（$34.5M vs $-157.1M），过去两年DXP ENTERPRISES INC的营收复合增速更高（13.1% vs -9.6%）
DXP Enterprises Inc.是一家领先的工业分销企业，提供维护、维修、运营（MRO）用品、流体处理设备、泵系统及相关技术服务，主要服务制造业、能源、矿业、建筑等领域客户，核心市场覆盖北美地区。
福雷斯特集团是一家住宅地块开发企业，总部位于得克萨斯州阿灵顿，业务覆盖美国21个州的51个市场。截至2020年12月31日的12个月内，该公司交付了11518块住宅地块，目前在纽约证券交易所上市，自2002年起就是美国规模最大的住宅建筑商D.R. Horton的控股子公司。
DXPE vs FOR — 直观对比
营收规模更大
DXPE
是对方的1.9倍
$273.0M
营收增速更快
DXPE
高出3.0%
9.0%
净利率更高
FOR
高出1.3%
4.3%
自由现金流更多
DXPE
多$191.6M
$-157.1M
两年增速更快
DXPE
近两年复合增速
-9.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $527.4M | $273.0M |
| 净利润 | $22.8M | $15.4M |
| 毛利率 | 31.6% | 20.1% |
| 营业利润率 | 8.8% | 7.6% |
| 净利率 | 4.3% | 5.6% |
| 营收同比 | 12.0% | 9.0% |
| 净利润同比 | 6.9% | -6.7% |
| 每股收益（稀释后） | $1.38 | $0.30 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收DXPEFOR
| Q4 25 | $527.4M | $273.0M | ||
| Q3 25 | $513.7M | $670.5M | ||
| Q2 25 | $498.7M | $390.5M | ||
| Q1 25 | $476.6M | $351.0M | ||
| Q4 24 | $470.9M | $250.4M | ||
| Q3 24 | $472.9M | $551.3M | ||
| Q2 24 | $445.6M | $318.4M | ||
| Q1 24 | $412.6M | $333.8M |
净利润DXPEFOR
| Q4 25 | $22.8M | $15.4M | ||
| Q3 25 | $21.6M | $86.9M | ||
| Q2 25 | $23.6M | $32.9M | ||
| Q1 25 | $20.6M | $31.6M | ||
| Q4 24 | $21.4M | $16.5M | ||
| Q3 24 | $21.1M | $81.5M | ||
| Q2 24 | $16.7M | $38.7M | ||
| Q1 24 | $11.3M | $45.0M |
毛利率DXPEFOR
| Q4 25 | 31.6% | 20.1% | ||
| Q3 25 | 31.4% | 22.3% | ||
| Q2 25 | 31.6% | 20.4% | ||
| Q1 25 | 31.5% | 22.6% | ||
| Q4 24 | 31.5% | 22.0% | ||
| Q3 24 | 30.9% | 23.9% | ||
| Q2 24 | 30.9% | 22.5% | ||
| Q1 24 | 30.0% | 24.9% |
营业利润率DXPEFOR
| Q4 25 | 8.8% | 7.6% | ||
| Q3 25 | 8.5% | 16.9% | ||
| Q2 25 | 9.2% | 11.2% | ||
| Q1 25 | 8.5% | 11.6% | ||
| Q4 24 | 8.3% | 8.7% | ||
| Q3 24 | 8.4% | 19.7% | ||
| Q2 24 | 8.4% | 16.2% | ||
| Q1 24 | 7.1% | 17.6% |
净利率DXPEFOR
| Q4 25 | 4.3% | 5.6% | ||
| Q3 25 | 4.2% | 13.0% | ||
| Q2 25 | 4.7% | 8.4% | ||
| Q1 25 | 4.3% | 9.0% | ||
| Q4 24 | 4.5% | 6.6% | ||
| Q3 24 | 4.5% | 14.8% | ||
| Q2 24 | 3.7% | 12.2% | ||
| Q1 24 | 2.7% | 13.5% |
每股收益（稀释后）DXPEFOR
| Q4 25 | $1.38 | $0.30 | ||
| Q3 25 | $1.31 | $1.70 | ||
| Q2 25 | $1.43 | $0.65 | ||
| Q1 25 | $1.25 | $0.62 | ||
| Q4 24 | $1.28 | $0.32 | ||
| Q3 24 | $1.27 | $1.59 | ||
| Q2 24 | $1.00 | $0.76 | ||
| Q1 24 | $0.67 | $0.89 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $303.8M | $211.7M |
| 总债务越低越好 | — | $793.2M |
| 股东权益账面价值 | $498.4M | $1.8B |
| 总资产 | $1.7B | $3.2B |
| 负债/权益比越低杠杆越低 | — | 0.44× |
8季度趋势，按日历期对齐
现金及短期投资DXPEFOR
| Q4 25 | $303.8M | $211.7M | ||
| Q3 25 | $123.8M | $379.2M | ||
| Q2 25 | $112.9M | $189.2M | ||
| Q1 25 | $114.3M | $174.3M | ||
| Q4 24 | $148.3M | $132.0M | ||
| Q3 24 | $35.0M | $481.2M | ||
| Q2 24 | $49.9M | $359.2M | ||
| Q1 24 | $139.7M | $416.2M |
总债务DXPEFOR
| Q4 25 | — | $793.2M | ||
| Q3 25 | — | $802.7M | ||
| Q2 25 | — | $872.8M | ||
| Q1 25 | — | $872.5M | ||
| Q4 24 | — | $806.8M | ||
| Q3 24 | — | $706.4M | ||
| Q2 24 | — | $706.1M | ||
| Q1 24 | — | $705.7M |
股东权益DXPEFOR
| Q4 25 | $498.4M | $1.8B | ||
| Q3 25 | $488.3M | $1.8B | ||
| Q2 25 | $468.1M | $1.7B | ||
| Q1 25 | $444.7M | $1.6B | ||
| Q4 24 | $422.8M | $1.6B | ||
| Q3 24 | $402.4M | $1.6B | ||
| Q2 24 | $384.7M | $1.5B | ||
| Q1 24 | $375.5M | $1.5B |
总资产DXPEFOR
| Q4 25 | $1.7B | $3.2B | ||
| Q3 25 | $1.4B | $3.1B | ||
| Q2 25 | $1.4B | $3.1B | ||
| Q1 25 | $1.4B | $3.0B | ||
| Q4 24 | $1.3B | $3.0B | ||
| Q3 24 | $1.2B | $2.8B | ||
| Q2 24 | $1.2B | $2.7B | ||
| Q1 24 | $1.2B | $2.6B |
负债/权益比DXPEFOR
| Q4 25 | — | 0.44× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | — | 0.48× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $37.8M | $-157.0M |
| 自由现金流经营现金流 - 资本支出 | $34.5M | $-157.1M |
| 自由现金流率自由现金流/营收 | 6.5% | -57.5% |
| 资本支出强度资本支出/营收 | 0.6% | 0.0% |
| 现金转化率经营现金流/净利润 | 1.65× | -10.19× |
| 过去12个月自由现金流最近4个季度 | $54.0M | $93.0M |
8季度趋势，按日历期对齐
经营现金流DXPEFOR
| Q4 25 | $37.8M | $-157.0M | ||
| Q3 25 | $34.9M | $256.3M | ||
| Q2 25 | $18.6M | $15.8M | ||
| Q1 25 | $3.0M | $-19.8M | ||
| Q4 24 | $32.1M | $-450.0M | ||
| Q3 24 | $28.3M | $119.2M | ||
| Q2 24 | $14.7M | $-61.7M | ||
| Q1 24 | $27.0M | $-59.2M |
自由现金流DXPEFOR
| Q4 25 | $34.5M | $-157.1M | ||
| Q3 25 | $28.1M | $255.6M | ||
| Q2 25 | $8.3M | $15.0M | ||
| Q1 25 | $-16.9M | $-20.5M | ||
| Q4 24 | $22.7M | — | ||
| Q3 24 | $24.4M | $118.4M | ||
| Q2 24 | $5.9M | $-62.3M | ||
| Q1 24 | $24.1M | $-59.8M |
自由现金流率DXPEFOR
| Q4 25 | 6.5% | -57.5% | ||
| Q3 25 | 5.5% | 38.1% | ||
| Q2 25 | 1.7% | 3.8% | ||
| Q1 25 | -3.6% | -5.8% | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | 5.2% | 21.5% | ||
| Q2 24 | 1.3% | -19.6% | ||
| Q1 24 | 5.8% | -17.9% |
资本支出强度DXPEFOR
| Q4 25 | 0.6% | 0.0% | ||
| Q3 25 | 1.3% | 0.1% | ||
| Q2 25 | 2.1% | 0.2% | ||
| Q1 25 | 4.2% | 0.2% | ||
| Q4 24 | 2.0% | 0.0% | ||
| Q3 24 | 0.8% | 0.1% | ||
| Q2 24 | 2.0% | 0.2% | ||
| Q1 24 | 0.7% | 0.2% |
现金转化率DXPEFOR
| Q4 25 | 1.65× | -10.19× | ||
| Q3 25 | 1.61× | 2.95× | ||
| Q2 25 | 0.79× | 0.48× | ||
| Q1 25 | 0.14× | -0.63× | ||
| Q4 24 | 1.50× | -27.27× | ||
| Q3 24 | 1.34× | 1.46× | ||
| Q2 24 | 0.88× | -1.59× | ||
| Q1 24 | 2.38× | -1.32× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
DXPE
| Service Centers | $356.2M | 68% |
| Innovative Pumping Solutions | $110.0M | 21% |
| Supply Chain Services | $61.2M | 12% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
