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QXO, Inc.

QXO Industrials Industrial Distribution

QXO, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.8 billion, up 11,925.0% from fiscal 2024.

Revenue
+70.3%
EPS
+6.67%
Free cash flow
−27.6%
Total debt
+82.0%

Quarter to June 2026, against a year earlier

11.04 0.34 −2.99%
Market cap
$11.8B
P/E
0.0×
Fwd P/E
−17.1×
Dividend yield
0.00%
F-score
3/9
Altman Z
1.79
Beneish M
247.71
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Filings

Insider Decisions last twelve months

Trades a month
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 11,810.00
Revenue ttm 9,898.90
Net income ttm (511.40)
Free cash flow ttm 141.20
Net debt Q 3,396.00
Valuation
P/E 0.00
Forward P/E (17.10) (negative: loss-making)
Price / sales 0.86
Forward P/S Powerpack
Price / FCF 60.33
Price / book 0.91
Financial health
Current ratio Q 4.11 (at or above 1.5: strong)
Debt / equity Q 0.59
Interest coverage Q 0.27
Growth
Revenue growth Q +70.30% (above 0%: growing)
Operating income growth Q +74.23% (above 0%: growing)
EPS, this year −31.65% (below 0%: weak)
EPS, next year A +129.93% (at or above 15%: strong)
Revenue, next year A +104.98% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +41.83% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.2×, against a ten-year median of 0.4×; over the ten years it ranged from −43.4× in 2025 to 46.3× in 2025.
P/S against its own 10 years 73.78%
10-year low 10-year high
P/B against its own 10 years 5.14%
10-year low 10-year high
EV/Sales against its own 10 years 78.89%
10-year low 10-year high
EV/FCF against its own 10 years 81.00%
10-year low 10-year high

Dividends

Yield
0.00%
Annual rate
0.00
Payout ratio
—
  1. 0.00 ’17
  2. 0.00 ’19
  3. 0.00 ’20
  4. 0.00 ’21
  5. 0.20 ’23
  6. 0.00 ’24 −100%
paid Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 6 5,069 2,362 2,774
Receivables 3 3 1,604 2,358
Inventory — — 1,497 2,072
Other — — — —
12 5,090 5,546 10,348
2023 2024 2025 Q'26
Payables 5 6 819 1,505
ST’ Debt 1 — — —
Other — — — —
12 45 1,550 2,515

Compound Annual Growth %

10y 5y 3y
Sales 73.53% 177.98% 433.80%
Cash Flow 114.51% 172.83% 404.28%
Earnings 0.00% 0.00% 0.00%
Book Value 139.61% 321.69% 905.36%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.09 Actual 0.08

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.12 0.14 Beat by 0.02
Q4 FY25 0.03 0.02 Miss by 0.01
Q1 FY26 −0.09 −0.12 Miss by 0.03
Q2 FY26 0.09 0.08 Miss by 0.01
Q3 FY26 0.13 — Reports 5 November 2026

EPS $

Mar Jun Sep Dec Year
’26 (0.35) (0.14) — — —
’25 (0.03) (0.15) (0.24) (0.17) (0.63)
’24 0.24 (9.99) (0.01) (0.02) (0.11)
’23 0.40 0.56 (3.20) 0.64 (1.60)
’22 (0.06) (0.16) (0.24) (0.03) (0.40)
’21 0.56 0.24 (0.40) (0.64) (0.24)
’20 (0.48) 0.06 0.08 0.68 0.31
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,730 3,246 — — —
’25 14 1,906 2,728 2,194 6,842
’24 14 15 13 15 57
’23 13 13 13 15 55
’22 11 11 11 12 45
’21 11 10 10 10 42
’20 10 10 10 11 41
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 71 (217) — — —
’25 37 (174) 213 187 261
’24 0 (1) 32 54 85
’23 (1) 0 1 0 1
’22 0 0 2 1 2
’21 (1) 0 1 0 0
’20 0 1 0 1 2
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 48 (248) — — —
’25 36 (194) 183 158 183
’24 0 (1) 32 54 85
’23 (1) 0 1 (1) 0
’22 0 (1) 2 1 2
’21 (1) 0 1 0 0
’20 0 1 0 1 2
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 34 35 36 39 41 42 45 55 57 6,842 9,899 +80.2% 14,025 18,550 22,207 +48.1%
Gross margin, % 37.30 39.78 38.38 38.12 40.22 41.27 39.93 39.65 40.60 22.99 24.03 (14.3) pt
EBT 1 1 (1) (2) 0 0 0 (1) 51 (337) (475) n/m
EBT margin, % 3.55 2.60 (3.33) (4.99) 0.54 0.10 (1.05) (2.51) 89.28 (4.93) (4.80) (8.5) pt
Net income 3 0 0 7 0 0 0 (1) 28 (279) (511) n/m
Per share, $
Per share, $ Revenue 61.83 62.11 64.18 68.44 73.27 66.37 69.65 82.98 0.28 11.16 12.90 (17.3%)
Earnings 6.24 (0.88) 0.48 12.08 0.31 (0.24) (0.40) (1.60) (0.11) (0.63) (0.90) n/m
Cash flow 3.25 4.11 (0.48) (1.61) 3.07 0.36 3.16 0.89 0.42 0.43 0.33 (20.2%)
Capex (0.90) (1.45) (0.71) (0.27) (0.22) (0.18) (0.29) (0.61) 0.00 (0.13) (0.15) (19.5%)
Free cash flow 2.35 2.66 (1.18) (1.88) 2.85 0.18 2.86 0.28 0.42 0.30 0.18 (20.5%)
Book value 9.01 7.53 7.71 15.81 12.94 14.89 14.79 11.37 24.77 15.83 13.53 +6.5%
Shares, m 1 1 1 1 1 1 1 1 204 613 710 +118.0%
Valuation, ×
Valuation, × P/E 3.88 0.00 10.37 2.89 68.65 0.00 0.00 0.00 0.00 0.00 0.00 8.6
P/S 0.39 0.52 0.29 0.51 0.31 0.54 0.33 1.56 57.01 1.73 0.86 6.3
P/B 2.66 4.32 2.41 2.20 1.77 2.40 1.57 11.38 0.71 1.37 0.91 3.1
EV/Sales 0.37 0.48 0.28 0.29 0.19 0.40 0.20 1.48 (32.05) 1.85 1.20 (2.7)
EV/FCF 9.62 13.10 (15.24) (10.55) 5.14 6,225.60 5.00 789.73 (21.55) 69.35 84.50 707.0
Cash, $m
Cash, $m Operating cash flow 2 2 0 (1) 2 0 2 1 85 261 253 +73.9%
Capex 0 (1) 0 0 0 0 0 0 0 (78) (112) +75.4%
Free cash flow 1 1 (1) (1) 2 0 2 0 85 183 141 +73.3%
Balance, $m
Balance, $m Working capital 0 0 (1) 4 2 3 3 0 5,045 3,996 7,833 n/m
Net debt (1) (2) 0 (8) (5) (6) (6) (4) (5,068) 834 3,396 n/m
Shareholders’ equity 5 4 4 9 7 9 10 7 5,053 9,707 10,378 +132.1%
Returns, %
Returns, % ROA 35.90 (4.62) 2.37 44.27 1.01 (0.79) (1.43) (5.10) (0.90) (3.70) (3.30) (39.6) pt
ROIC 18.84 23.05 (17.98) (260.42) 6.26 (3.90) (7.08) (25.05) 0.00 (1.45) (1.53) (20.3) pt
ROE 105.29 (10.58) 6.13 102.72 2.17 (1.62) (2.98) (12.57) (1.01) (5.88) (7.22) (111.2) pt
People
People Employees 147 158 178 157 165 165 172 195 211 7,794 — +55.5%
Revenue/emp, $m 0.23 0.22 0.20 0.25 0.25 0.25 0.26 0.28 0.27 0.88 — +15.9%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

QXO, Inc. vs peers in Industrial Distribution (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
WCC WESCO International, Inc. $17.9B 23.7× 19.2× +12.98% (above 0%: growing) +10.44% (above 0%: growing) −70.35% (below 0%: shrinking) 21.85% 5.73% Compare
WSO.B Watsco, Inc. $16.0B 26.3× — +2.06% (above 0%: growing) −11.50% (below 0%: shrinking) +17.57% (above 0%: growing) 27.50% 11.32% Compare
WSO Watsco, Inc. $12.6B 26.3× 26.4× +2.06% (above 0%: growing) −11.50% (below 0%: shrinking) +17.57% (above 0%: growing) 27.50% 11.32% Compare
QXO QXO, Inc. $11.8B — (loss-making) — (loss-making) +70.30% (above 0%: growing) n/m −27.62% (below 0%: shrinking) 24.74% (1.29%)
AIT Applied Industrial Technologies, Inc. $11.0B 26.4× 24.2× +10.45% (above 0%: growing) +13.03% (above 0%: growing) +15.02% (above 0%: growing) 30.40% 11.78% Compare
CNM Core & Main, Inc. $8.4B 18.2× 16.8× +2.48% (above 0%: growing) +8.45% (above 0%: growing) +83.33% (above 0%: growing) 26.71% 10.58% Compare
POOL Pool Corporation $7.3B 18.9× 18.9× +2.15% (above 0%: growing) −0.19% (below 0%: shrinking) −27.07% (below 0%: shrinking) 29.66% 14.68% Compare
MSM MSC Industrial Direct Company, Inc. $6.9B 29.2× 29.0× +7.82% (above 0%: growing) +41.18% (above 0%: growing) −23.88% (below 0%: shrinking) 41.11% 10.19% Compare
XMTR Xometry, Inc. $5.8B — (loss-making) — (loss-making) +41.05% (above 0%: growing) n/m −41.54% (below 0%: shrinking) 38.01% (2.42%) Compare
Median of peers $9.7B 26.3× 21.7× +5.15% +8.45% −4.43% 28.58% 10.95%

All 25 Industrial Distribution stocks →

QXO, Inc. (QXO) Latest News

29 Oct

Impact 3 · · Zacks

19 Oct

Impact 3 · · Insider Monkey

15 Oct

Impact 4 · · Insider Monkey

14 Oct

Impact 4 · · Zacks

12 Oct

Impact 4 · · Insider Monkey
Impact 4 · · Zacks

10 Oct

Impact 4 · · Insider Monkey

9 Oct

Impact 4 · · Simply Wall St.

7 Oct

Impact 4 · · The Motley Fool
Impact 3 · · The Motley Fool
Impact 3 · · Stocktwits

4 Oct

Impact 4 · · Insider Monkey

26 Sep

Impact 4 · · Simply Wall St.

22 Sep

Impact 4 · · Insider Monkey

5 Sep

Impact 4 ·

25 Aug

Impact 4 ·

24 Aug

Impact 3 ·

15 Aug

Impact 4 ·
Impact 4 ·

13 Aug

Impact 3 ·

9 Aug

Impact 3 · · The Motley Fool

6 Aug

Impact 3 ·

31 Jul

Impact 4 ·

9 Jul

Impact 4 ·
Impact 3 ·

6 Jul

Impact 4 · · Stocktwits

1 Jul

Impact 4 ·

30 Jun

Impact 4 ·
Impact 4 · · InvestorsHub
Impact 3 · · The Motley Fool
stockrow.com/QXO · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com