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

11.66 1.00 −7.90%
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) Operating margin

Alert me on Operating margin

QXO, Inc.'s operating margin over the twelve months to 30 June 2026 was −3.40%, up 0.2 percentage points from fiscal 2025 (−3.58%). Over the past ten years it has ranged from −124.8% (fiscal 2024) to 3.71% (fiscal 2016); the current reading is higher than 27% of that period. That is below the Industrial Distribution industry median of 7.44% and below the Industrials sector median of 5.21%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 −3.58% 121.20
FY2024 −124.8% (122.38)
FY2023 −2.40% (1.54)
FY2022 −0.86% (0.31)
FY2021 −0.55% (1.09)
FY2020 0.54% 5.49
FY2019 −4.95% (1.73)
FY2018 −3.22% (5.92)
FY2017 2.70% (1.01)
FY2016 3.71% 2.42

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 −1.29% 13.27
Mar 2026 −14.6% (11.43)
Dec 2025 −3.13% (4.08)
Sep 2025 0.95% 9.50
42 more quarters

Against its own ten years

Low −124.8% High 3.71%
Ten-year median −0.86%
Current reading's percentile 38

Operating margin against peers

Company Operating margin
AIT Applied Industrial Technologies, Inc. compare 11.2%
POOL Pool Corporation compare 10.5%
CNM Core & Main, Inc. compare 9.64%
WSO.B Watsco, Inc. compare 9.40%
WSO Watsco, Inc. compare 9.08%
MSM MSC Industrial Direct Company, Inc. compare 7.99%
WCC WESCO International, Inc. compare 5.57%
XMTR Xometry, Inc. compare −2.22%
QXO QXO, Inc. −3.40%
Industrial Distribution industry median 7.44%
Industrials sector median 5.21%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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