QXONYSEWholesale-Lumber & Other Construction MaterialsFiscal year ends December 31Also trades as QXO.PB
QXO, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 14, 2026
$10.14−0.72 (-6.63%)
Close on Oct 19, 2026
- Market cap
- $7.78B
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
23.0%−17.2 pts over 5 years
Operating margin
-3.6%−4.1 pts over 5 years
Net margin
-4.1%−4.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +11925.0% | +433.8% | +178.0% | +73.5% | |
| Gross profit | +6708.2% | +344.1% | +148.6% | +64.5% | |
| Free cash flow | +116.3% | +350.8% | +157.9% | +123.4% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 2.2% | -3.8% | |
| Return on assets | – | 1.0% | -2.7% | |
| Current ratio | 0.96 | 1.28 | 3.58 | |
| Debt to equity | – | 0.11 | 0.31 | |
| Net debt to EBITDA | -0.55× | -10.71× | -5.08× | |
| Interest coverage | – | – | -1.4× | |
| Capex to revenue | 0.5% | 0.3% | 1.1% | |
| Diluted shares | 1M | 1M | 613M |
Where the cash went
Fiscal 2021 to 2025, five years combined
QXO generated $349.05M from operations and spent $100.11M on capital expenditure, dividends and share buybacks. 78% of that went back into the business.
Generated
$349.05M
Used
$100.11M
Capital expenditure$78.57M78%Dividends$21.53M22%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-4.1%
×Asset turnover0.65×
×Equity multiplier1.42×
=Return on equity, FY2025-3.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -4.1% | 0.65× | 1.42× | -3.8% |
| FY2024 | 49.2% | 0.02× | 1.01× | 1.1% |
| FY2023 | -2.0% | 2.60× | 2.46× | -12.6% |
| FY2022 | -0.6% | 2.28× | 2.09× | -3.0% |
| FY2021 | -0.3% | 2.46× | 2.04× | -1.6% |
| FY2020 | 0.4% | 2.37× | 2.15× | 2.2% |
| FY2019 | 17.6% | 2.51× | 2.32× | 102.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$279.40M
- Cash generatingOperating cash flow above zero$261.40M
- Return on assets improvedROA up on the prior year136.6% → -5.5%
- Earnings backed by cashOperating cash flow above net income$261.40M vs -$279.40M
- Less leverageLong-term debt to assets fell0.0% → 19.2%
- Better liquidityCurrent ratio rose112.85 → 3.58
- No dilutionShare count did not rise204M → 613M
- Gross margin improvedGross margin up on the prior year40.60% → 22.99%
- More efficientAsset turnover rose2.78 → 1.34