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DXP ENTERPRISES INC（DXPE）与摩丁制造（MOD）财务数据对比。点击上方公司名可切换其他公司
摩丁制造的季度营收约是DXP ENTERPRISES INC的1.5倍（$805.0M vs $527.4M），DXP ENTERPRISES INC净利率更高（4.3% vs -5.9%，领先10.2%），摩丁制造同比增速更快（30.5% vs 12.0%），DXP ENTERPRISES INC自由现金流更多（$34.5M vs $-17.1M），过去两年摩丁制造的营收复合增速更高（15.5% vs 13.1%）
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。
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
DXPE vs MOD — 直观对比
营收规模更大
MOD
是对方的1.5倍
$527.4M
营收增速更快
MOD
高出18.5%
12.0%
净利率更高
DXPE
高出10.2%
-5.9%
自由现金流更多
DXPE
多$51.6M
$-17.1M
两年增速更快
MOD
近两年复合增速
13.1%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $527.4M | $805.0M |
| 净利润 | $22.8M | $-47.4M |
| 毛利率 | 31.6% | 23.1% |
| 营业利润率 | 8.8% | 11.1% |
| 净利率 | 4.3% | -5.9% |
| 营收同比 | 12.0% | 30.5% |
| 净利润同比 | 6.9% | -215.6% |
| 每股收益（稀释后） | $1.38 | $-0.90 |
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DXPEMOD
| Q4 25 | $527.4M | $805.0M | ||
| Q3 25 | $513.7M | $738.9M | ||
| Q2 25 | $498.7M | $682.8M | ||
| Q1 25 | $476.6M | $647.2M | ||
| Q4 24 | $470.9M | $616.8M | ||
| Q3 24 | $472.9M | $658.0M | ||
| Q2 24 | $445.6M | $661.5M | ||
| Q1 24 | $412.6M | $603.5M |
净利润DXPEMOD
| Q4 25 | $22.8M | $-47.4M | ||
| Q3 25 | $21.6M | $44.4M | ||
| Q2 25 | $23.6M | $51.2M | ||
| Q1 25 | $20.6M | $49.6M | ||
| Q4 24 | $21.4M | $41.0M | ||
| Q3 24 | $21.1M | $46.1M | ||
| Q2 24 | $16.7M | $47.3M | ||
| Q1 24 | $11.3M | $25.8M |
毛利率DXPEMOD
| Q4 25 | 31.6% | 23.1% | ||
| Q3 25 | 31.4% | 22.3% | ||
| Q2 25 | 31.6% | 24.2% | ||
| Q1 25 | 31.5% | 25.6% | ||
| Q4 24 | 31.5% | 24.3% | ||
| Q3 24 | 30.9% | 25.2% | ||
| Q2 24 | 30.9% | 24.6% | ||
| Q1 24 | 30.0% | 22.4% |
营业利润率DXPEMOD
| Q4 25 | 8.8% | 11.1% | ||
| Q3 25 | 8.5% | 9.9% | ||
| Q2 25 | 9.2% | 11.1% | ||
| Q1 25 | 8.5% | 11.5% | ||
| Q4 24 | 8.3% | 9.6% | ||
| Q3 24 | 8.4% | 11.4% | ||
| Q2 24 | 8.4% | 11.2% | ||
| Q1 24 | 7.1% | 7.8% |
净利率DXPEMOD
| Q4 25 | 4.3% | -5.9% | ||
| Q3 25 | 4.2% | 6.0% | ||
| Q2 25 | 4.7% | 7.5% | ||
| Q1 25 | 4.3% | 7.7% | ||
| Q4 24 | 4.5% | 6.6% | ||
| Q3 24 | 4.5% | 7.0% | ||
| Q2 24 | 3.7% | 7.2% | ||
| Q1 24 | 2.7% | 4.3% |
每股收益（稀释后）DXPEMOD
| Q4 25 | $1.38 | $-0.90 | ||
| Q3 25 | $1.31 | $0.83 | ||
| Q2 25 | $1.43 | $0.95 | ||
| Q1 25 | $1.25 | $0.92 | ||
| Q4 24 | $1.28 | $0.76 | ||
| Q3 24 | $1.27 | $0.86 | ||
| Q2 24 | $1.00 | $0.88 | ||
| Q1 24 | $0.67 | $0.48 |
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 | $98.7M |
| 总债务越低越好 | — | $570.7M |
| 股东权益账面价值 | $498.4M | $1.1B |
| 总资产 | $1.7B | $2.5B |
| 负债/权益比越低杠杆越低 | — | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资DXPEMOD
| Q4 25 | $303.8M | $98.7M | ||
| Q3 25 | $123.8M | $83.8M | ||
| Q2 25 | $112.9M | $124.5M | ||
| Q1 25 | $114.3M | $71.6M | ||
| Q4 24 | $148.3M | $83.8M | ||
| Q3 24 | $35.0M | $78.6M | ||
| Q2 24 | $49.9M | $72.9M | ||
| Q1 24 | $139.7M | $60.1M |
总债务DXPEMOD
| Q4 25 | — | $570.7M | ||
| Q3 25 | — | $525.8M | ||
| Q2 25 | — | $482.1M | ||
| Q1 25 | — | $296.7M | ||
| Q4 24 | — | $330.0M | ||
| Q3 24 | — | $359.1M | ||
| Q2 24 | — | $405.7M | ||
| Q1 24 | — | $399.9M |
股东权益DXPEMOD
| Q4 25 | $498.4M | $1.1B | ||
| Q3 25 | $488.3M | $1.1B | ||
| Q2 25 | $468.1M | $1.0B | ||
| Q1 25 | $444.7M | $910.2M | ||
| Q4 24 | $422.8M | $855.1M | ||
| Q3 24 | $402.4M | $858.8M | ||
| Q2 24 | $384.7M | $788.4M | ||
| Q1 24 | $375.5M | $747.6M |
总资产DXPEMOD
| Q4 25 | $1.7B | $2.5B | ||
| Q3 25 | $1.4B | $2.4B | ||
| Q2 25 | $1.4B | $2.2B | ||
| Q1 25 | $1.4B | $1.9B | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $1.2B | $1.9B | ||
| Q2 24 | $1.2B | $1.9B | ||
| Q1 24 | $1.2B | $1.9B |
负债/权益比DXPEMOD
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | 0.33× | ||
| Q4 24 | — | 0.39× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.51× | ||
| Q1 24 | — | 0.53× |
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 | $24.7M |
| 自由现金流经营现金流 - 资本支出 | $34.5M | $-17.1M |
| 自由现金流率自由现金流/营收 | 6.5% | -2.1% |
| 资本支出强度资本支出/营收 | 0.6% | 5.2% |
| 现金转化率经营现金流/净利润 | 1.65× | — |
| 过去12个月自由现金流最近4个季度 | $54.0M | $-20.3M |
8季度趋势，按日历期对齐
经营现金流DXPEMOD
| Q4 25 | $37.8M | $24.7M | ||
| Q3 25 | $34.9M | $1.4M | ||
| Q2 25 | $18.6M | $27.7M | ||
| Q1 25 | $3.0M | $54.8M | ||
| Q4 24 | $32.1M | $60.7M | ||
| Q3 24 | $28.3M | $57.3M | ||
| Q2 24 | $14.7M | $40.5M | ||
| Q1 24 | $27.0M | $39.6M |
自由现金流DXPEMOD
| Q4 25 | $34.5M | $-17.1M | ||
| Q3 25 | $28.1M | $-30.5M | ||
| Q2 25 | $8.3M | $200.0K | ||
| Q1 25 | $-16.9M | $27.1M | ||
| Q4 24 | $22.7M | $44.7M | ||
| Q3 24 | $24.4M | $43.8M | ||
| Q2 24 | $5.9M | $13.7M | ||
| Q1 24 | $24.1M | $-4.3M |
自由现金流率DXPEMOD
| Q4 25 | 6.5% | -2.1% | ||
| Q3 25 | 5.5% | -4.1% | ||
| Q2 25 | 1.7% | 0.0% | ||
| Q1 25 | -3.6% | 4.2% | ||
| Q4 24 | 4.8% | 7.2% | ||
| Q3 24 | 5.2% | 6.7% | ||
| Q2 24 | 1.3% | 2.1% | ||
| Q1 24 | 5.8% | -0.7% |
资本支出强度DXPEMOD
| Q4 25 | 0.6% | 5.2% | ||
| Q3 25 | 1.3% | 4.3% | ||
| Q2 25 | 2.1% | 4.0% | ||
| Q1 25 | 4.2% | 4.3% | ||
| Q4 24 | 2.0% | 2.6% | ||
| Q3 24 | 0.8% | 2.1% | ||
| Q2 24 | 2.0% | 4.1% | ||
| Q1 24 | 0.7% | 7.3% |
现金转化率DXPEMOD
| Q4 25 | 1.65× | — | ||
| Q3 25 | 1.61× | 0.03× | ||
| Q2 25 | 0.79× | 0.54× | ||
| Q1 25 | 0.14× | 1.10× | ||
| Q4 24 | 1.50× | 1.48× | ||
| Q3 24 | 1.34× | 1.24× | ||
| Q2 24 | 0.88× | 0.86× | ||
| Q1 24 | 2.38× | 1.53× |
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% |
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
