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DXP ENTERPRISES INC（DXPE）与IES Holdings, Inc.（IESC）财务数据对比。点击上方公司名可切换其他公司
IES Holdings, Inc.的季度营收约是DXP ENTERPRISES INC的1.7倍（$871.0M vs $527.4M），IES Holdings, Inc.净利率更高（10.5% vs 4.3%，领先6.2%），IES Holdings, Inc.同比增速更快（16.2% vs 12.0%），DXP ENTERPRISES INC自由现金流更多（$34.5M vs $-18.9M），过去两年DXP ENTERPRISES INC的营收复合增速更高（13.1% vs 11.1%）
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。
IES Holdings, Inc.前身为Integrated Electrical Services, Inc.，主营业务为集成电气及技术系统的设计与安装，同时面向数据中心、住宅、商业和工业设施等多元终端市场提供基础设施类产品及相关服务。
DXPE vs IESC — 直观对比
营收规模更大
IESC
是对方的1.7倍
$527.4M
营收增速更快
IESC
高出4.2%
12.0%
净利率更高
IESC
高出6.2%
4.3%
自由现金流更多
DXPE
多$53.3M
$-18.9M
两年增速更快
DXPE
近两年复合增速
11.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $527.4M | $871.0M |
| 净利润 | $22.8M | $91.8M |
| 毛利率 | 31.6% | 25.3% |
| 营业利润率 | 8.8% | 11.2% |
| 净利率 | 4.3% | 10.5% |
| 营收同比 | 12.0% | 16.2% |
| 净利润同比 | 6.9% | 59.1% |
| 每股收益（稀释后） | $1.38 | $4.51 |
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DXPEIESC
| Q4 25 | $527.4M | $871.0M | ||
| Q3 25 | $513.7M | $897.8M | ||
| Q2 25 | $498.7M | $890.2M | ||
| Q1 25 | $476.6M | $834.0M | ||
| Q4 24 | $470.9M | $749.5M | ||
| Q3 24 | $472.9M | $775.8M | ||
| Q2 24 | $445.6M | $768.4M | ||
| Q1 24 | $412.6M | $705.7M |
净利润DXPEIESC
| Q4 25 | $22.8M | $91.8M | ||
| Q3 25 | $21.6M | $102.3M | ||
| Q2 25 | $23.6M | $79.3M | ||
| Q1 25 | $20.6M | $72.6M | ||
| Q4 24 | $21.4M | $57.7M | ||
| Q3 24 | $21.1M | $65.5M | ||
| Q2 24 | $16.7M | $66.6M | ||
| Q1 24 | $11.3M | $56.8M |
毛利率DXPEIESC
| Q4 25 | 31.6% | 25.3% | ||
| Q3 25 | 31.4% | 26.0% | ||
| Q2 25 | 31.6% | 26.9% | ||
| Q1 25 | 31.5% | 25.0% | ||
| Q4 24 | 31.5% | 23.8% | ||
| Q3 24 | 30.9% | 24.0% | ||
| Q2 24 | 30.9% | 25.3% | ||
| Q1 24 | 30.0% | 24.3% |
营业利润率DXPEIESC
| Q4 25 | 8.8% | 11.2% | ||
| Q3 25 | 8.5% | 11.6% | ||
| Q2 25 | 9.2% | 12.6% | ||
| Q1 25 | 8.5% | 11.1% | ||
| Q4 24 | 8.3% | 10.0% | ||
| Q3 24 | 8.4% | 9.7% | ||
| Q2 24 | 8.4% | 11.7% | ||
| Q1 24 | 7.1% | 11.0% |
净利率DXPEIESC
| Q4 25 | 4.3% | 10.5% | ||
| Q3 25 | 4.2% | 11.4% | ||
| Q2 25 | 4.7% | 8.9% | ||
| Q1 25 | 4.3% | 8.7% | ||
| Q4 24 | 4.5% | 7.7% | ||
| Q3 24 | 4.5% | 8.4% | ||
| Q2 24 | 3.7% | 8.7% | ||
| Q1 24 | 2.7% | 8.0% |
每股收益（稀释后）DXPEIESC
| Q4 25 | $1.38 | $4.51 | ||
| Q3 25 | $1.31 | $4.99 | ||
| Q2 25 | $1.43 | $3.81 | ||
| Q1 25 | $1.25 | $3.50 | ||
| Q4 24 | $1.28 | $2.72 | ||
| Q3 24 | $1.27 | $3.06 | ||
| Q2 24 | $1.00 | $2.67 | ||
| Q1 24 | $0.67 | $2.29 |
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 | $258.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $498.4M | $961.1M |
| 总资产 | $1.7B | $1.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资DXPEIESC
| Q4 25 | $303.8M | $258.7M | ||
| Q3 25 | $123.8M | $231.8M | ||
| Q2 25 | $112.9M | $168.3M | ||
| Q1 25 | $114.3M | $88.3M | ||
| Q4 24 | $148.3M | $112.0M | ||
| Q3 24 | $35.0M | $135.8M | ||
| Q2 24 | $49.9M | $44.9M | ||
| Q1 24 | $139.7M | $106.0M |
股东权益DXPEIESC
| Q4 25 | $498.4M | $961.1M | ||
| Q3 25 | $488.3M | $884.0M | ||
| Q2 25 | $468.1M | $781.4M | ||
| Q1 25 | $444.7M | $705.8M | ||
| Q4 24 | $422.8M | $652.4M | ||
| Q3 24 | $402.4M | $611.1M | ||
| Q2 24 | $384.7M | $567.5M | ||
| Q1 24 | $375.5M | $534.8M |
总资产DXPEIESC
| Q4 25 | $1.7B | $1.7B | ||
| Q3 25 | $1.4B | $1.6B | ||
| Q2 25 | $1.4B | $1.5B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.3B | $1.3B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.2B | $1.2B | ||
| Q1 24 | $1.2B | $1.1B |
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 | $27.7M |
| 自由现金流经营现金流 - 资本支出 | $34.5M | $-18.9M |
| 自由现金流率自由现金流/营收 | 6.5% | -2.2% |
| 资本支出强度资本支出/营收 | 0.6% | 5.3% |
| 现金转化率经营现金流/净利润 | 1.65× | 0.30× |
| 过去12个月自由现金流最近4个季度 | $54.0M | $175.9M |
8季度趋势，按日历期对齐
经营现金流DXPEIESC
| Q4 25 | $37.8M | $27.7M | ||
| Q3 25 | $34.9M | $132.0M | ||
| Q2 25 | $18.6M | $92.0M | ||
| Q1 25 | $3.0M | $24.8M | ||
| Q4 24 | $32.1M | $37.3M | ||
| Q3 24 | $28.3M | $92.8M | ||
| Q2 24 | $14.7M | $82.9M | ||
| Q1 24 | $27.0M | $33.7M |
自由现金流DXPEIESC
| Q4 25 | $34.5M | $-18.9M | ||
| Q3 25 | $28.1M | $112.0M | ||
| Q2 25 | $8.3M | $74.8M | ||
| Q1 25 | $-16.9M | $7.9M | ||
| Q4 24 | $22.7M | $24.1M | ||
| Q3 24 | $24.4M | $78.5M | ||
| Q2 24 | $5.9M | $65.4M | ||
| Q1 24 | $24.1M | $26.9M |
自由现金流率DXPEIESC
| Q4 25 | 6.5% | -2.2% | ||
| Q3 25 | 5.5% | 12.5% | ||
| Q2 25 | 1.7% | 8.4% | ||
| Q1 25 | -3.6% | 0.9% | ||
| Q4 24 | 4.8% | 3.2% | ||
| Q3 24 | 5.2% | 10.1% | ||
| Q2 24 | 1.3% | 8.5% | ||
| Q1 24 | 5.8% | 3.8% |
资本支出强度DXPEIESC
| Q4 25 | 0.6% | 5.3% | ||
| Q3 25 | 1.3% | 2.2% | ||
| Q2 25 | 2.1% | 1.9% | ||
| Q1 25 | 4.2% | 2.0% | ||
| Q4 24 | 2.0% | 1.8% | ||
| Q3 24 | 0.8% | 1.8% | ||
| Q2 24 | 2.0% | 2.3% | ||
| Q1 24 | 0.7% | 1.0% |
现金转化率DXPEIESC
| Q4 25 | 1.65× | 0.30× | ||
| Q3 25 | 1.61× | 1.29× | ||
| Q2 25 | 0.79× | 1.16× | ||
| Q1 25 | 0.14× | 0.34× | ||
| Q4 24 | 1.50× | 0.65× | ||
| Q3 24 | 1.34× | 1.42× | ||
| Q2 24 | 0.88× | 1.24× | ||
| Q1 24 | 2.38× | 0.59× |
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% |
IESC
| Communications | $351.9M | 40% |
| Single Family Electrical Contracts | $137.0M | 16% |
| Custom Engineered Solutions | $116.0M | 13% |
| Commercialand Industrial | $94.8M | 11% |
| Single Family Contracts Plumbing HVAC | $82.9M | 10% |
| Multi Familyand Other | $64.2M | 7% |
| Industrial Services | $24.2M | 3% |
