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Stock research / United States / QXO · Wholesale-Lumber & Other Construction Materials · NYSE

Qxo, Inc. (QXO)

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Qxo, Inc. (QXO) reported revenue of $3.2 billion for Q2 FY2026, the quarter ended 30 June 2026, up 70.3% on the same quarter a year earlier. Net income was -$55 million, and diluted earnings per share $-0.14. The figures are the company's own, from the 10-Q it filed with the SEC on 14 August 2026.

Revenue$3.2 billionup 70.3%
Net income-$55 million
Diluted EPS$-0.14
QuarterQ2 FY2026ended 30 June 2026

Qxo (QXO) in brief

Qxo (QXO) reported revenue of $6.8 billion for fiscal 2025, the year ended 31 December 2025, up 11930.7% on the year before.
Read moreNet loss was $279 million and the diluted loss per share $0.63. Revenue was $57 million in fiscal 2024, $55 million in fiscal 2023, $45 million in fiscal 2022 and $42 million in fiscal 2021. Net income in the same years was $28 million, a loss of $1 million, a loss of $0 million and a loss of $0 million. Over the twelve months to 30 June 2026, Qxo reported revenue of $9.9 billion and net loss of $512 million. Revenue grew 178.0% a year, compounded, over the five years to fiscal 2025. Qxo had 725 million shares outstanding at the latest filed count. At 30 June 2026 it carried $6.0 billion of debt and $2.8 billion of cash. At the close of 27 October 2026 the market cap of Qxo was $7.7 billion.

Ratios

From the filings

ROE-4.9%
ROCE-2.1%
Operating margin-3.4%
Net margin-5.2%
FCF margin1.4%
Interest covern/a
Debt to equity0.58
Cash conversionn/a
Share count, last 12 months8.0%
Sales CAGR, 3 years433.8%
Profit CAGR, 3 yearsn/a
EPS, TTM-$0.90

At the close of 27 October 2026

Price$10.65
Market cap$7.7 billion
Stock P/En/a
Price to book0.74
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales0.78
52-week high$27.07
52-week low$10.14
Price, 1 year-41.1%
Price CAGR, 3 yearsn/a
Price CAGR, 5 yearsn/a
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Qxo, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
QXOgreeksoup.ai
Daily prices to 27 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on QXO

Dividends$17.4 million paid in cash dividends in FY2024
Filings43 in twelve months: 32 current reports (8-K), about 17 other events; 8 regulation FD disclosure; 8 material agreement; 6 results of operations; 3 officer or director change
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 0.61 by open interest at the 27 October 2026 close; the straddle prices a 5.9% move to 30 October 2026
13F holders646 funds reported a position for the quarter to 30 June 2026; largest Morgan Stanley
Insider trading0 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest135.1 million shares short, 5.27 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 6 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023 †Q3 FY2023 †Q4 FY2023 *Q1 FY2024 †Q2 FY2024 †Q3 FY2024 †Q4 FY2024 *Q1 FY2025 †Q2 FY2025 †Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue10.110.511.010.610.912.413.113.313.414.714.414.513.114.713.51,9062,7282,1941,7303,246
Cost of revenue6.26.26.36.56.57.77.88.18.19.08.88.77.78.78.11,5052,0921,6641,3212,443
Gross profit3.94.34.74.14.44.75.45.25.45.75.75.85.56.15.4402636530409803
Gross margin39%41%43%39%41%38%41%39%40%39%39%40%42%42%40%21%23%24%24%25%
SG&An/an/an/an/an/an/an/a4.57.7n/a5.29.839.038.944.4457452441497649
Operating income-0.3-0.6-0.0-0.1-0.1-0.20.40.5-2.60.40.2-4.3-33.7-33.2-39.3-16325.8-69.6-252-42.0
Operating margin-3%-6%-0%-1%-1%-1%3%3%-19%3%2%-30%-257%-225%-291%-9%1%-3%-15%-1%
Interest expense0.0n/a0.00.00.00.00.00.00.00.00.00.00.00.00.052.062.3n/a56.565.0
Pre-tax income-0.3-0.3-0.0-0.1-0.1-0.20.40.4-2.60.40.2-0.823.328.117.3-237-10.5-108-280-77.0
Tax raten/an/an/an/an/an/a21%22%n/a-3%34%n/a26%60%49%n/an/an/an/an/a
Net income-0.2-0.4-0.0-0.1-0.1-0.00.30.3-2.10.40.1-0.617.211.38.8-59.0-139-90.3-227-55.0
Net margin-2%-4%-0%-1%-1%-0%2%3%-16%3%1%-4%131%77%65%-3%-5%-4%-13%-2%
Diluted EPS-$0.40-$0.64-$0.08-$0.16-$0.24$0.08$0.40$0.56-$3.20$0.64$0.21-$9.93-$0.01-$0.02-$0.03-$0.15-$0.24-$0.17-$0.35-$0.14
Operating cash flow1.1-0.1-0.0-0.51.60.9-0.80.51.1-0.20.4-1.031.654.036.5-17421218770.6-217
Capital expenditure0.0n/a0.00.00.00.00.00.00.10.00.10.00.00.00.119.630.128.422.531.5
Free cash flow1.1n/a-0.0-0.51.60.9-0.80.41.1-0.30.3-1.031.653.936.4-19418215848.1-248
Dividends paid3.10.00.00.00.00.0n/an/a1.1n/an/an/a0.0n/a0.00.00.00.0n/an/a
Shares outstanding642,022642,022642,022642,022642,022657,022657,022657,022657,022664,4485m664,284409m409m409m672m674m674m711m725m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 16 fiscal years and the trailing twelve months

FY2010FY2011 †FY2012 †FY2013FY2014FY2015FY2016 †FY2017FY2018 †FY2019FY2020FY2021FY2022FY2023 †FY2024 †FY2025TTM
Revenue7.510.513.217.421.527.634.134.936.138.541.241.745.054.556.96,8429,898
Cost of revenue4.66.07.810.612.916.821.421.022.223.824.624.527.032.933.95,2707,521
Gross profit2.94.55.36.88.610.812.713.913.914.716.617.218.021.623.11,5732,378
Gross margin38.4%42.7%40.5%38.8%39.9%39.2%37.3%39.8%38.4%38.1%40.2%41.3%39.9%39.6%40.6%23.0%24.0%
Selling, general and administrativen/a4.26.5n/an/an/an/an/an/an/an/an/an/a22.192.91,3952,040
Operating income-0.90.3-1.20.30.50.41.30.9-1.2-1.90.2-0.2-0.4-1.3-71.0-245-338
Operating margin-12.5%2.5%-8.9%1.5%2.2%1.3%3.7%2.7%-3.2%-5.0%0.5%-0.6%-0.9%-2.4%-124.8%-3.6%-3.4%
Interest expensen/an/an/an/an/an/an/an/an/an/an/a0.00.10.10.1174n/a
Pre-tax income-0.62.7-1.20.20.40.41.20.9-1.2-1.90.20.0-0.5-1.450.8-337-475
Income tax0.00.00.0-0.10.20.1-2.21.4-0.3-0.50.00.2-0.2-0.322.8-57.736.4
Effective tax raten/a0.0%n/a-59.2%53.1%13.8%-183.4%153.6%n/an/a21.2%408.5%n/an/a45.0%n/an/a
Net income-0.52.6-1.20.30.20.43.4-0.50.36.80.2-0.1-0.3-1.128.0-279-512
Net margin-6.3%24.9%-9.4%1.9%0.9%1.4%10.1%-1.4%0.7%17.6%0.4%-0.3%-0.6%-2.0%49.2%-4.1%-5.2%
Diluted EPS-$1.04$0.16-$0.08$0.00$0.40$0.72$6.16-$0.88$0.48$12.08$0.32-$0.24-$0.40-$1.60-$0.11-$0.63-$0.90
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2010FY2011 †FY2012 †FY2013FY2014FY2015FY2016 †FY2017FY2018 †FY2019FY2020FY2021FY2022FY2023 †FY2024 †FY2025TTM
Operating cash flow-0.00.90.40.71.00.11.82.31.3-0.41.70.22.00.684.9261253
Capital expenditure0.00.00.10.00.10.10.20.20.10.10.10.10.00.10.178.2112
Free cash flow-0.10.90.30.70.90.11.62.11.1-0.51.60.12.00.584.8183141
Free cash flow margin-0.9%8.2%2.2%4.1%4.2%0.2%4.7%5.9%3.2%-1.2%3.9%0.3%4.4%0.8%149.1%2.7%1.4%
Cash from investing-0.0-0.0-0.7-0.0-0.2-0.6-0.5-0.8-1.1n/a0.8-0.5-0.2-0.4-0.1-10,630-2,070
Cash from financing-0.1-0.70.10.0-0.30.4-0.9-0.9-0.6-0.9-4.60.5-0.7-2.04,9817,6635,308
Depreciation and amortisation0.10.10.10.10.10.20.20.30.30.30.30.30.40.80.2108n/a
Share-based compensationn/a0.01.10.00.10.10.00.10.10.00.00.40.20.034.4144127
Buybacksn/an/an/an/an/an/an/a0.00.00.0n/an/an/an/an/an/an/a
Dividends paidn/an/an/an/an/a0.00.30.40.00.24.13.10.01.117.40.0n/a
Diluted shares, weighted452,37513m14m15m492,854539,806559,175561,127588,311562,603562,659628,302645,885657,449204m613m767m
Shares outstanding at period endn/an/a15m15m494,883551,342559,675561,238562,594562,659562,659642,022657,022664,448409m674m725m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2010FY2011 †FY2012 †FY2013FY2014FY2015FY2016 †FY2017FY2018 †FY2019FY2020FY2021FY2022FY2023 †FY2024 †FY2025TTM
Funded by
Shareholders' equity-5.1-0.9-0.8-0.40.01.65.04.24.38.97.39.49.67.55,0539,70710,378
Non-controlling interest-0.00.00.0n/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Debtn/an/a0.00.30.41.30.80.51.51.21.51.01.51.70.03,0576,029
Operating lease liabilitiesn/an/an/an/an/an/an/an/a0.00.40.90.50.10.30.1562678
Finance lease liabilitiesn/an/an/an/an/an/an/an/an/an/a0.10.20.40.20.2139130
Other liabilities6.12.43.63.74.65.64.95.75.98.46.27.010.010.845.12,4235,450
Total liabilities and equity1.01.52.83.65.18.510.710.411.719.015.918.021.420.55,09815,88722,665
Owned
Fixed assets0.20.10.30.20.30.40.50.60.70.70.50.60.70.5n/an/an/a
Goodwilln/an/an/a0.00.10.40.40.40.90.91.01.01.11.11.25,1116,211
Intangible assetsn/a0.10.90.70.82.62.42.62.92.63.13.54.34.94.03,8194,402
Cash and equivalents0.10.20.00.81.31.21.62.21.98.76.66.88.06.15,0692,3622,774
Receivables0.50.91.51.62.12.52.52.31.92.51.61.92.23.02.71,1451,782
Inventory0.00.0n/an/an/an/an/an/an/an/an/an/an/an/a0.01,4972,072
Other assets0.30.20.20.30.51.43.22.23.53.63.14.15.14.821.91,9535,424
Total assets1.01.52.83.65.18.510.710.411.719.015.918.021.420.55,09815,88722,665
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded73.5%178.0%433.8%408.2%
Profit growth, compoundedn/an/an/an/a
Return on equity, average12.1%-4.2%-5.5%-2.9%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Qxo's revenue in fiscal 2025?

Qxo (QXO) reported revenue of $6.8 billion for fiscal 2025, the year ended 31 December 2025, up 11930.7% on the year before.

How much did Qxo earn in fiscal 2025?

Net loss was $279 million for fiscal 2025, and the diluted loss per share $0.63.

What is Qxo's market cap?

The market cap of Qxo was $7.7 billion at the close of 27 October 2026.

How much debt does Qxo have?

At 30 June 2026 Qxo carried $6.0 billion of debt and $2.8 billion of cash.

Peers: Wholesale

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Watsco Inc. WSO$11.5 billion26.1115.9%9.4%-3.0%0.044.1%
Arrow Electronics, Inc. ARW$11.2 billion14.0411.6%3.4%26.1%0.31n/a
Applied Industrial Technologies Inc. AIT$10.9 billion26.3522.5%11.2%8.5%0.150.7%
Domino's Pizza, Inc. DPZ$10.3 billion17.20n/a19.7%4.5%n/a2.5%
Henry Schein Inc. HSIC$9.4 billion24.5612.8%5.0%6.5%1.10n/a
Core & Main, Inc. CNM$8.2 billion17.4322.6%9.6%-0.5%1.21n/a
Qxo, Inc. QXO$7.7 billionn/a-4.9%-3.4%408.2%0.58n/a
Avnet Inc. AVT$7.6 billion23.296.7%2.6%24.5%0.641.5%
Pool Corp. POOL$7.1 billion17.9331.7%10.8%2.2%1.062.6%
Ingram Micro Holding Corp. INGM$6.7 billion15.4510.1%1.8%11.5%0.891.1%
MSC Industrial Direct Co. Inc. MSM$6.6 billion29.7515.6%8.0%6.4%0.332.9%
Boise Cascade Co. BCC$2.7 billion25.785.2%2.5%-1.5%0.221.2%
All 46 in Wholesale
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
McKesson Corp. MCK$112.7 billion25.87n/a1.6%8.8%n/a0.3%
TE Connectivity plc TEL$65.3 billion22.1022.8%19.7%16.5%0.431.3%
W.W. Grainger, Inc. GWW$63.3 billion34.2445.3%14.6%7.8%0.580.7%
Cencora, Inc. COR$62.1 billion24.1786.0%0.9%5.1%3.840.7%
Cardinal Health Inc. CAH$57.3 billion34.04n/a1.0%14.2%n/a0.8%
Ferguson Enterprises Inc. FERG$44.4 billionn/an/an/an/a0.791.4%
Sysco Corp. SYY$39.4 billion22.4965.9%3.7%3.9%5.072.6%
US Foods Holding Corp. USFD$22.2 billion31.5717.0%3.1%3.8%1.22n/a
Reliance, Inc. RS$22.0 billion20.1714.3%8.8%24.7%0.211.1%
TD Synnex Corp. SNX$20.3 billion15.5314.3%2.7%24.1%0.590.7%
Genuine Parts Co. GPC$16.8 billion487.200.7%3.6%5.3%1.103.5%
Wesco International Inc. WCC$16.5 billion23.4313.6%5.4%12.5%1.140.5%
Performance Food Group Co. PFGC$15.0 billion42.017.3%1.3%7.2%1.02n/a
Watsco Inc. WSO$11.5 billion26.1115.9%9.4%-3.0%0.044.1%
Arrow Electronics, Inc. ARW$11.2 billion14.0411.6%3.4%26.1%0.31n/a
Applied Industrial Technologies Inc. AIT$10.9 billion26.3522.5%11.2%8.5%0.150.7%
Domino's Pizza, Inc. DPZ$10.3 billion17.20n/a19.7%4.5%n/a2.5%
Henry Schein Inc. HSIC$9.4 billion24.5612.8%5.0%6.5%1.10n/a
Core & Main, Inc. CNM$8.2 billion17.4322.6%9.6%-0.5%1.21n/a
Qxo, Inc. QXO$7.7 billionn/a-4.9%-3.4%408.2%0.58n/a
Avnet Inc. AVT$7.6 billion23.296.7%2.6%24.5%0.641.5%
Pool Corp. POOL$7.1 billion17.9331.7%10.8%2.2%1.062.6%
Ingram Micro Holding Corp. INGM$6.7 billion15.4510.1%1.8%11.5%0.891.1%
MSC Industrial Direct Co. Inc. MSM$6.6 billion29.7515.6%8.0%6.4%0.332.9%
SiteOne Landscape Supply, Inc. SITE$4.5 billion28.159.6%5.3%3.3%0.30n/a
Chefs' Warehouse, Inc. CHEF$4.4 billion51.8914.2%4.0%11.2%1.12n/a
LKQ Corp. LKQ$4.3 billionn/an/an/an/a0.61n/a
Seaboard Corp. SEB$3.7 billion5.8911.6%3.4%8.2%0.290.2%
Ashland Inc. ASH$3.3 billion63.842.7%7.4%-1.4%0.732.3%
Hawkins Inc. HWKN$3.2 billion37.3515.2%11.1%9.0%0.410.5%
United Natural Foods Inc. UNFI$2.9 billion36.045.2%0.7%-2.0%0.96n/a
Central Garden & Pet Co. CENT$2.8 billion16.849.5%8.1%-1.2%0.68n/a
Resideo Technologies, Inc. REZI$2.8 billion8.0914.2%6.9%3.4%1.20n/a
Boise Cascade Co. BCC$2.7 billion25.785.2%2.5%-1.5%0.221.2%
DXP Enterprises Inc. DXPE$2.6 billion29.4817.2%8.8%11.5%1.53n/a
Eplus Inc. PLUS$2.5 billionn/an/an/an/a0.000.8%
Central Garden & Pet Co. CENTA$2.4 billion14.499.5%8.1%-1.2%0.68n/a
PC Connection Inc. CNXN$2.2 billion23.4510.1%3.9%3.2%0.000.8%
Andersons, Inc. ANDE$2.2 billion12.3513.4%n/a-5.2%0.681.2%
Vestis Corp. VSTS$2.0 billionn/a-0.6%3.6%-0.4%1.240.2%
World Kinect Corp. WKC$1.9 billionn/a-14.3%-0.1%7.6%0.592.3%
Global Industrial Co. GIC$1.7 billion19.9125.4%8.1%8.4%0.002.4%
Global Partners LP GLP$1.6 billionn/an/a1.5%20.4%n/an/a
Distribution Solutions Group, Inc. DSGR$1.6 billion184.261.4%3.5%6.4%1.11n/a
Scansource, Inc. SCSC$1.2 billion16.758.7%3.1%6.1%0.11n/a
Universal Corp. UVV$986 million52.771.4%4.9%-3.6%0.858.3%
1 company shares its SEC industry code (Wholesale-Lumber & Other Construction Materials); the rest are the names nearest in size in its wider industry, Wholesale, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202614 August 2026EDGAR
10-Q31 March 202612 May 2026EDGAR
10-K31 December 202527 February 2026EDGAR
10-Q30 September 20256 November 2025EDGAR
10-Q30 June 202514 August 2025EDGAR
10-Q31 March 20258 May 2025EDGAR
10-K31 December 20244 March 2025EDGAR
10-Q30 September 202413 November 2024EDGAR
10-Q30 June 202414 August 2024EDGAR
10-Q31 March 20247 May 2024EDGAR