DXP Enterprises, Inc. — Earnings Quality Grade F
DXPE · Industrials
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 72 days, change +3 days YoY
AR outpaced revenue for 2 consecutive years
Revenue grew 11.9% but CFFO declined -7.8%
Expense Quality
Inventory 4.9% vs COGS 10.8%. Normal
CapEx growth 60.7% is >2x revenue growth 11.9%
SG&A/Gross Profit = 72.2%, exceeds 70%
Gross margin 31.5%, change +0.7pp. Stable
Cash Flow Quality
CFFO/NI = 1.06. Profits backed by cash
FCF $0.1B, FCF/NI = 0.61
Accruals ratio = -0.3%. Low accruals
Cash $0.3B covers only 34% of debt $0.9B
Balance Sheet Health
Goodwill+Intangibles $0.6B = 116% of equity. Over 50%
Debt/EBITDA = 4.1x (>4x). Financial stress
Other assets -56.2% vs revenue 11.9%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 2/3 years
Goodwill+Intangibles change 7% YoY. Normal
Manipulation Score
M-Score = -2.40 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25