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

11.36 0.28 −2.41%
Market cap
$12.1B
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

QXO, Inc. (QXO) Gross margin

Alert me on Gross margin

QXO, Inc.'s gross margin over the twelve months to 30 June 2026 was 24.0%, up 1.0 percentage points from fiscal 2025 (23.0%). Over the past ten years it has ranged from 23.0% (fiscal 2025) to 41.3% (fiscal 2021) — the current reading is the lowest in ten years. That is below the Industrial Distribution industry median of 30.0% and below the Industrials sector median of 30.6%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 23.0% (17.61)
FY2024 40.6% 0.95
FY2023 39.7% (0.28)
FY2022 39.9% (1.34)
FY2021 41.3% 1.05
FY2020 40.2% 2.10
FY2019 38.1% (0.26)
FY2018 38.4% (1.40)
FY2017 39.8% 2.48
FY2016 37.3% (1.93)

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 24.7% 1.08
Mar 2026 23.7% (0.52)
Dec 2025 24.2% 0.88
Sep 2025 23.3% 2.26
42 more quarters

Against its own ten years

Low 23.0% High 41.3%
Ten-year median 39.7%
Current reading's percentile 12

Gross margin against peers

Company Gross margin
MSM MSC Industrial Direct Company, Inc. compare 40.9%
XMTR Xometry, Inc. compare 38.6%
AIT Applied Industrial Technologies, Inc. compare 30.4%
POOL Pool Corporation compare 29.4%
WSO.B Watsco, Inc. compare 27.5%
WSO Watsco, Inc. compare 27.2%
CNM Core & Main, Inc. compare 27.1%
QXO QXO, Inc. 24.0%
WCC WESCO International, Inc. compare 21.5%
Industrial Distribution industry median 30.0%
Industrials sector median 30.6%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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