Industrials · Industrial - Distribution
Price
$17.78
Market Cap
$12.9B
Employees
7,794
Beta
2.20
Avg Volume
15,651,841
CEO
Bradley S. Jacobs
Business Description
QXO, Inc. is a publicly traded distributor of roofing, waterproofing and complementary building products in the United States. It plans to become tech-enabled in the building products distribution industry and generate outsized value for shareholders. The company was founded on October 3, 2002, and is headquartered in Greenwich, CT.
Business History
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-28.22
Stock Price: $17.78
EPS (Diluted): -0.63
EPS (Diluted): -0.63
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
0.01
Stock Price: $17.78
Total Equity: $9.71B
Shares: 613,000,000
Total Equity: $9.71B
Shares: 613,000,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
6.44
Market Cap: $12.90B
Total Debt: $3.06B
Cash: $2.36B
EBITDA: $259.50M
Total Debt: $3.06B
Cash: $2.36B
EBITDA: $259.50M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$1.7B
Market Cap: $12.90B
Total Debt: $3.06B
Cash: $2.36B
Total Debt: $3.06B
Cash: $2.36B
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
0.02
Stock Price: $17.78
Revenue: $6.84B
Shares: 613,000,000
Revenue: $6.84B
Shares: 613,000,000
EV/Sales (Total value vs revenue — works when P/E can't)
API0.24
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
16.8%
Gross Profit: $1.15B
Revenue: $6.84B
Revenue: $6.84B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-0.8%
Operating Income: -$57.00M
Revenue: $6.84B
Revenue: $6.84B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-4.1%
Net Income: -$279.40M
Revenue: $6.84B
Revenue: $6.84B
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
-2.9%
Net Income: -$279.40M
Total Equity: $9.71B
Total Equity: $9.71B
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
-0.5%
Operating Income: -$57.00M
Tax Rate: 17.1%
Equity: $9.71B
Total Debt: $3.06B
Cash: $2.36B
Tax Rate: 17.1%
Equity: $9.71B
Total Debt: $3.06B
Cash: $2.36B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
3.58
Current Assets: $5.55B
Current Liabilities: $1.55B
Current Liabilities: $1.55B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.31
Short-Term Debt: $0.00
Long-Term Debt: $3.06B
Total Debt: $3.06B
Total Equity: $9.71B
Long-Term Debt: $3.06B
Total Debt: $3.06B
Total Equity: $9.71B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$11.16
Revenue: $6.84B
Shares: 613,000,000
Shares: 613,000,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$15.83
Total Equity: $9.71B
Shares: 613,000,000
Shares: 613,000,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$0.30
Operating CF: $261.40M
CapEx: -$78.20M
Shares: 613,000,000
CapEx: -$78.20M
Shares: 613,000,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
88.6%
Last Dividend: N/A
Stock Price: $17.78
Stock Price: $17.78
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$279.40M
Net Income: -$279.40M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares QXO against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 6:38pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $41.7M | $45.0M | $54.5M | $56.9M | $6.8B |
| Cost of Revenue | $24.5M | $27.0M | $32.9M | $33.9M | $5.7B |
| Gross Profit | $17.2M | $18.0M | $21.6M | $22.9M | $1.1B |
| Operating Expenses | $17.4M | $18.3M | $22.9M | $93.9M | $1.2B |
| Operating Income | $-230,986 | $-385,379 | -$1.3M | -$71.0M | -$57.0M |
| Net Income | $-134,434 | $-282,219 | -$1.1M | $28.0M | -$279.4M |
| EBITDA | $1.5M | $1.4M | $-290,000 | $52.0M | $259.5M |
| EPS | $-0.21 | $-0.40 | $-1.63 | $-0.11 | $-0.63 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 6:38pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $6.8M | $8.0M | $6.1M | $5.1B | $2.4B |
| Total Current Assets | $10.7M | $13.7M | $11.8M | $5.1B | $5.5B |
| Total Assets | $18.0M | $21.4M | $20.5M | $5.1B | $15.9B |
| Current Liabilities | $7.4M | $10.8M | $11.5M | $45.1M | $1.6B |
| Long-Term Debt | $566,935 | $671,014 | $994,000 | $0 | $3.1B |
| Total Liabilities | $8.6M | $11.9M | $13.0M | $45.4M | $6.2B |
| Total Equity | $9.4M | $9.6M | $7.5M | $5.1B | $9.7B |
| Retained Earnings | $-594,371 | $-876,590 | -$1.9M | -$6.2M | -$394.5M |
Cash Flow (Annual)
Last updated: Jun 21, 2026 6:38pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $226,034 | $2.0M | $584,000 | $84.9M | $261.4M |
| Capital Expenditure | $-114,761 | $-38,742 | $-121,000 | $-102,000 | -$78.2M |
| Free Cash Flow | $111,273 | $2.0M | $463,000 | $84.8M | $183.2M |
| Acquisitions (net) | $-395,703 | $0 | $0 | $0 | -$10.6B |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $218,701 | $1.2M | -$1.9M | $5.1B | -$2.7B |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 11:05pm (9h ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$17.5B $14.5B – $20.4B
|
$24.1B $23.7B – $24.5B
|
$30.6B $27.8B – $34.0B
|
$36.6B $33.2B – $40.7B
|
| EBITDA |
$3.5B $2.9B – $4.1B
|
$4.9B $4.8B – $5.0B
|
$6.2B $5.6B – $6.9B
|
$7.4B $6.7B – $8.2B
|
| Net Income |
$409.2M $309.0M – $509.4M
|
$805.5M $350.3M – $1.1B
|
$967.1M $850.4M – $1.1B
|
$1.2B $1.1B – $1.4B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 6:38pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +7.9% | +21.2% | +4.3% | +11,930.7% |
| Gross Profit Growth | +4.4% | +20.3% | +6.1% | +4,913.1% |
| Operating Income Growth | -66.8% | -240.2% | -5,315.7% | +19.7% |
| Net Income Growth | -109.9% | -279.1% | +2,713.9% | -1,099.0% |
| EBITDA Growth | -7.7% | -121.2% | +18,029.0% | +399.1% |
Dividend History (Last 20)
Last updated: Jun 21, 2026 6:38pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2024-06-05 | $3.27 | 2024-05-24 | 2024-06-05 | 2024-06-12 |
| 2023-08-17 | $0.20 | 2023-08-08 | 2023-08-18 | 2023-08-25 |
| 2021-07-08 | $0.60 | 2021-06-22 | 2021-07-09 | 2021-07-16 |
| 2020-12-18 | $0.40 | 2020-12-10 | 2020-12-21 | 2020-12-28 |
| 2020-01-06 | $0.50 | 2019-12-24 | 2020-01-07 | 2020-01-14 |
| 2019-01-04 | $0.05 | 2018-12-26 | 2019-01-07 | 2019-01-14 |
| 2017-11-27 | $0.04 | 2017-11-15 | 2017-11-28 | 2017-12-04 |
| 2017-05-03 | $0.02 | 2017-05-05 | 2017-05-10 | |
| 2017-01-24 | $0.02 | 2017-01-23 | 2017-01-26 | 2017-01-31 |
| 2016-01-13 | $0.06 | 2016-01-05 | 2016-01-15 | 2016-01-20 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for QXO — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30