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DXP ENTERPRISES INC（DXPE）与美森（MATX）财务数据对比。点击上方公司名可切换其他公司
美森的季度营收约是DXP ENTERPRISES INC的1.6倍（$851.9M vs $527.4M），美森净利率更高（16.8% vs 4.3%，领先12.5%），DXP ENTERPRISES INC同比增速更快（12.0% vs -4.3%），美森自由现金流更多（$42.2M vs $34.5M），过去两年DXP ENTERPRISES INC的营收复合增速更高（13.1% vs 8.6%）
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。
美森公司（Matson, Inc.）是美国知名航运服务企业，总部位于夏威夷州火奴鲁鲁，成立于1882年。旗下子公司美森航运主营跨太平洋海运业务，服务覆盖夏威夷、阿拉斯加、关岛、密克罗尼西亚、太平洋诸岛、中国及日本等地区。
DXPE vs MATX — 直观对比
营收规模更大
MATX
是对方的1.6倍
$527.4M
营收增速更快
DXPE
高出16.3%
-4.3%
净利率更高
MATX
高出12.5%
4.3%
自由现金流更多
MATX
多$7.7M
$34.5M
两年增速更快
DXPE
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $527.4M | $851.9M |
| 净利润 | $22.8M | $143.1M |
| 毛利率 | 31.6% | — |
| 营业利润率 | 8.8% | 16.9% |
| 净利率 | 4.3% | 16.8% |
| 营收同比 | 12.0% | -4.3% |
| 净利润同比 | 6.9% | 11.8% |
| 每股收益（稀释后） | $1.38 | $4.47 |
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DXPEMATX
| Q4 25 | $527.4M | $851.9M | ||
| Q3 25 | $513.7M | $880.1M | ||
| Q2 25 | $498.7M | $830.5M | ||
| Q1 25 | $476.6M | $782.0M | ||
| Q4 24 | $470.9M | $890.3M | ||
| Q3 24 | $472.9M | $962.0M | ||
| Q2 24 | $445.6M | $847.4M | ||
| Q1 24 | $412.6M | $722.1M |
净利润DXPEMATX
| Q4 25 | $22.8M | $143.1M | ||
| Q3 25 | $21.6M | $134.7M | ||
| Q2 25 | $23.6M | $94.7M | ||
| Q1 25 | $20.6M | $72.3M | ||
| Q4 24 | $21.4M | $128.0M | ||
| Q3 24 | $21.1M | $199.1M | ||
| Q2 24 | $16.7M | $113.2M | ||
| Q1 24 | $11.3M | $36.1M |
毛利率DXPEMATX
| 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% | — |
营业利润率DXPEMATX
| Q4 25 | 8.8% | 16.9% | ||
| Q3 25 | 8.5% | 18.3% | ||
| Q2 25 | 9.2% | 13.6% | ||
| Q1 25 | 8.5% | 10.5% | ||
| Q4 24 | 8.3% | 16.6% | ||
| Q3 24 | 8.4% | 25.2% | ||
| Q2 24 | 8.4% | 14.7% | ||
| Q1 24 | 7.1% | 5.1% |
净利率DXPEMATX
| Q4 25 | 4.3% | 16.8% | ||
| Q3 25 | 4.2% | 15.3% | ||
| Q2 25 | 4.7% | 11.4% | ||
| Q1 25 | 4.3% | 9.2% | ||
| Q4 24 | 4.5% | 14.4% | ||
| Q3 24 | 4.5% | 20.7% | ||
| Q2 24 | 3.7% | 13.4% | ||
| Q1 24 | 2.7% | 5.0% |
每股收益（稀释后）DXPEMATX
| Q4 25 | $1.38 | $4.47 | ||
| Q3 25 | $1.31 | $4.24 | ||
| Q2 25 | $1.43 | $2.92 | ||
| Q1 25 | $1.25 | $2.18 | ||
| Q4 24 | $1.28 | $3.69 | ||
| Q3 24 | $1.27 | $5.89 | ||
| Q2 24 | $1.00 | $3.31 | ||
| Q1 24 | $0.67 | $1.04 |
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 | $141.9M |
| 总债务越低越好 | — | $361.2M |
| 股东权益账面价值 | $498.4M | $2.8B |
| 总资产 | $1.7B | $4.6B |
| 负债/权益比越低杠杆越低 | — | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资DXPEMATX
| Q4 25 | $303.8M | $141.9M | ||
| Q3 25 | $123.8M | $92.7M | ||
| Q2 25 | $112.9M | $59.1M | ||
| Q1 25 | $114.3M | $122.0M | ||
| Q4 24 | $148.3M | $266.8M | ||
| Q3 24 | $35.0M | $270.3M | ||
| Q2 24 | $49.9M | $168.2M | ||
| Q1 24 | $139.7M | $25.9M |
总债务DXPEMATX
| Q4 25 | — | $361.2M | ||
| Q3 25 | — | $370.9M | ||
| Q2 25 | — | $341.3M | ||
| Q1 25 | — | $351.1M | ||
| Q4 24 | — | $361.2M | ||
| Q3 24 | — | $370.9M | ||
| Q2 24 | — | $381.0M | ||
| Q1 24 | — | $390.8M |
股东权益DXPEMATX
| Q4 25 | $498.4M | $2.8B | ||
| Q3 25 | $488.3M | $2.7B | ||
| Q2 25 | $468.1M | $2.6B | ||
| Q1 25 | $444.7M | $2.6B | ||
| Q4 24 | $422.8M | $2.7B | ||
| Q3 24 | $402.4M | $2.6B | ||
| Q2 24 | $384.7M | $2.4B | ||
| Q1 24 | $375.5M | $2.4B |
总资产DXPEMATX
| Q4 25 | $1.7B | $4.6B | ||
| Q3 25 | $1.4B | $4.6B | ||
| Q2 25 | $1.4B | $4.5B | ||
| Q1 25 | $1.4B | $4.5B | ||
| Q4 24 | $1.3B | $4.6B | ||
| Q3 24 | $1.2B | $4.4B | ||
| Q2 24 | $1.2B | $4.3B | ||
| Q1 24 | $1.2B | $4.2B |
负债/权益比DXPEMATX
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.14× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.16× | ||
| Q1 24 | — | 0.16× |
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 | $176.9M |
| 自由现金流经营现金流 - 资本支出 | $34.5M | $42.2M |
| 自由现金流率自由现金流/营收 | 6.5% | 5.0% |
| 资本支出强度资本支出/营收 | 0.6% | 15.8% |
| 现金转化率经营现金流/净利润 | 1.65× | 1.24× |
| 过去12个月自由现金流最近4个季度 | $54.0M | $153.7M |
8季度趋势，按日历期对齐
经营现金流DXPEMATX
| Q4 25 | $37.8M | $176.9M | ||
| Q3 25 | $34.9M | $175.6M | ||
| Q2 25 | $18.6M | $105.6M | ||
| Q1 25 | $3.0M | $89.0M | ||
| Q4 24 | $32.1M | $174.7M | ||
| Q3 24 | $28.3M | $248.6M | ||
| Q2 24 | $14.7M | $307.9M | ||
| Q1 24 | $27.0M | $36.6M |
自由现金流DXPEMATX
| Q4 25 | $34.5M | $42.2M | ||
| Q3 25 | $28.1M | $92.4M | ||
| Q2 25 | $8.3M | $19.3M | ||
| Q1 25 | $-16.9M | $-200.0K | ||
| Q4 24 | $22.7M | $49.3M | ||
| Q3 24 | $24.4M | $189.0M | ||
| Q2 24 | $5.9M | $238.1M | ||
| Q1 24 | $24.1M | $-18.7M |
自由现金流率DXPEMATX
| Q4 25 | 6.5% | 5.0% | ||
| Q3 25 | 5.5% | 10.5% | ||
| Q2 25 | 1.7% | 2.3% | ||
| Q1 25 | -3.6% | -0.0% | ||
| Q4 24 | 4.8% | 5.5% | ||
| Q3 24 | 5.2% | 19.6% | ||
| Q2 24 | 1.3% | 28.1% | ||
| Q1 24 | 5.8% | -2.6% |
资本支出强度DXPEMATX
| Q4 25 | 0.6% | 15.8% | ||
| Q3 25 | 1.3% | 9.5% | ||
| Q2 25 | 2.1% | 10.4% | ||
| Q1 25 | 4.2% | 11.4% | ||
| Q4 24 | 2.0% | 14.1% | ||
| Q3 24 | 0.8% | 6.2% | ||
| Q2 24 | 2.0% | 8.2% | ||
| Q1 24 | 0.7% | 7.7% |
现金转化率DXPEMATX
| Q4 25 | 1.65× | 1.24× | ||
| Q3 25 | 1.61× | 1.30× | ||
| Q2 25 | 0.79× | 1.12× | ||
| Q1 25 | 0.14× | 1.23× | ||
| Q4 24 | 1.50× | 1.36× | ||
| Q3 24 | 1.34× | 1.25× | ||
| Q2 24 | 0.88× | 2.72× | ||
| Q1 24 | 2.38× | 1.01× |
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% |
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
