QXO, Inc.

Wholesale-Lumber & Other Construction Materials

QXOStrained5 of 10 basics passed

$10.85

-2.43%

Market cap $11.3B

$10.85

-2.43%

Market cap $11.3B

QXO Inc is a publicly traded distributor of building products in North America. The company is executing its plan to become the tech-enabled leader in the around $800 billion building products distribution industry and generate outsized value for its shareholders.

It is a $11.3B industrial company. Revenue grew 408.2% over the last year, it currently loses money, and its net debt equals ~4.9 years of free cash flow.

Website: qxo.com
Location: Greenwich, CT
Employees: 7 794
Sector: Industrials

Share price · 2 years

$60.50 → $10.85-82.1%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $9.90B
Loss: spends more than it earns; -$512M
Free cash flow: cash left after running the business; $141M
Net debt: debt minus cash on hand; $696M
Dividend: of the share price, paid yearly; 1.70%
Shares: up 31727% since 2021 — dilution; 613.0M
Volatility: beta vs the market — under 1 swings less; 2.29

Revenue, last 5 years

52-week range

Low $10.81$10.85High $27.07

Today's price is 0% of the way from the year's low to its high.

P/E vs its history9mo

255.8×median 391.2×

Higher than 30% of past days — in the cheapest third of its own history.

Valuation vs own history

P/E

255.8×

70%

P/S

1.1×

87%

P/B

0.9×

81%

FCF yield

1.3%

62%

Share of the last ~5 years that was pricier than today (cheaper than usual). Based on the daily valuation record.

Standing in Industrials

Size$11.3Btop 78%
Revenue growth+434%top 1%
Net margin-5%top 98%
Return on equity-5%top 98%
Dividend yield1.70%top 27%

Ranked against 130 Industrials companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Growth, Profitability, Health, Quality and Moat lag behind.

Valuation50

P/E vs own history30th pct · 20/25
FCF yield1.2% · 5/25
P/S1.1x · 25/25
EV/EBITDA43.9x · 0/25

Growth25

Revenue CAGR257.9% · 25/25
Net income CAGRn/a · 0/25
EPS CAGR ~5Yn/a · 0/25
Fwd implied growthn/a · 0/25

Profitability0

ROIC-2.7% · 0/25
ROE-4.9% · 0/25
Net margin-5.2% · 0/25
Operating margin-3.5% · 0/25

Health45

Altman Zn/a · 0/25
Current ratio4.11 · 25/25
Interest coverage-6.1x · 0/25
Net cash / debtD/A 4% · 20/25

Quality5

Piotroski F3/9 · 5/25
Beneish M8.00 · 0/25
FCF conversionn/a · 0/25
Margin stabilityσ 32.2% · 0/25

Moat43

ROIC >12% years0/4 yrs · 0/25
Median gross margin39.9% · 13/25
FCF-positive years5/5 yrs · 25/25
Worst-year net marginworst -4.1% · 5/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2025Financial
Revenue crossed $1B
$6.84B for the year
FY2024Financial
Turned profitable
$28.0M net income after a loss year
FY2024Financial
Best year on record
$28.0M net income
FY2021Financial
Positive free cash flow every year since
5-year streak

Achievements

Verifiable track record, straight from the reported numbers.

$6.8B revenue in FY2025

Revenue up 408.2% year over year

Positive free cash flow 5 years in a row

7 794 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

Revenue growing 408.2% year over year

Watch-outs

Not profitable — 5.2% net margin
Thin interest coverage (-6.1×)
Loss-making in 4 of the recent years

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

5 of 10 checks passed

Revenue growing — the company sells more than a year ago+408.2% YoY
Profitable — makes more than it spends-$512M TTM
Profit growing — earnings are higher than last year-1099.0% YoY
Generates cash — cash left after running and investing$141M TTM
Debt under control — could handle its obligations~4.9y of cash flow to repay
Established company — not a micro-cap — lower blow-up risk$11.3B market cap
Not printing shares — share count not ballooning — you keep your slice+31726.5% shares over ~5y
Proven track record — years of profitability behind it1/5 profitable years
Financially stable — balance sheet not near distresshealth score 25/100
Pays a dividend — returns cash to shareholdersyield 1.70%
Valuation not extreme — price not wildly above earningsno data

Peer comparisonQXO, Inc. vs 6 largest industrials peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
QXO this company	$11.3B	—	+408.2%	-5.2%	Strained
LRCX Lam Research Corp	$399.2B	54.9	+26.0%	31.3%	Strong
CAT Caterpillar Inc.	$368.0B	33.9	+18.4%	14.5%	Solid
RTX RTX Corporation	$251.3B	32.4	+11.8%	8.3%	Strained
DE Deere & Company	$167.7B	34.4	+8.3%	10.2%	Solid
ETN Eaton Corporation, plc	$167.2B	43.6	+15.5%	12.8%	Mixed
UNP Union Pacific Corp.	$166.8B	22.6	+4.2%	28.8%	Strained

Head-to-head: QXO vs LRCX · QXO vs CAT · QXO vs RTX

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 7Buy 14Hold 1

Appendix · Financial records

The full statements behind this CV, FY2021–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $9.90B · net income -$512M (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$9.90B

YoY 408.2%

Net income (TTM)

-$512M

Margin -5.2%

Gross margin

24.0%

Operating margin

-3.5%

Dividend yield

1.70%

Income statement — full detail

Figures in USD billions · EPS in USD

	2021	2022	2023	2024	2025
Revenue	0.0	0.0	0.1	0.1	6.8
Gross profit	0.0	0.0	0.0	0.0	1.6
Operating income (EBIT)	-0.0	-0.0	-0.0	-0.1	0.1
Net income	-0.0	-0.0	-0.0	0.0	-0.3
EPS (diluted)	-0.07	-0.14	-0.54	0.05	-0.46

Cash flowFree cash flow $141M · operating cash flow $253M (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$141M

Margin 1.4%

Operating cash flow (TTM)

$253M

FCF margin

1.4%

Cash flow statement — full detail

Figures in USD billions

	2021	2022	2023	2024	2025
Operating cash flow	0.0	0.0	0.0	0.1	0.3
Capital expenditure	-0.0	-0.0	-0.0	-0.0	-0.1
Free cash flow	0.0	0.0	0.0	0.1	0.2
FCF margin	0.3%	4.4%	0.8%	149.1%	2.7%

Balance sheetAssets $15.9B · net debt $696M (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $15.9B of assets is financed

39%

61%

Liabilities $6.18B — borrowed moneyEquity $9.71B — owners' stake

Cash vs debt

Total debt $3.06B − cash $2.36B = net debt $696M

Cash on hand covers 77% of debt.

Debt repayment

0.0 yrs

Years of free cash flow to clear net debt

Interest coverage

-6.1x

EBIT ÷ interest expense

ROE

-4.9%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2021	2022	2023	2024	2025
Cash & equivalents	0.0	0.0	0.0	5.1	2.4
Total assets	0.0	0.0	0.0	5.1	15.9
Total liabilities	0.0	0.0	0.0	0.0	6.2
Total debt	0.0	0.0	0.0	0.0	3.1
Equity	0.0	0.0	0.0	5.1	9.7
Net debt	-0.0	-0.0	-0.0	-5.1	0.7

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of QXO on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $10.85 · market cap $11.3B.