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QXO (QXO) Financials

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$12.28 -0.04 (-0.28%)
Closing price 09/11/2026 03:58 PM Eastern
Extended Trading
$12.20 -0.08 (-0.61%)
As of 08:02 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
Annual Income Statements for QXO

Annual Income Statements for QXO

This table shows QXO's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders
0.37 3.44 59 -12 6.79 0.18 -0.13 -0.28 -1.07 28 -279
Consolidated Net Income / (Loss)
0.37 3.44 -0.49 0.26 6.79 0.18 -0.13 -0.28 -1.07 28 -279
Net Income / (Loss) Continuing Operations
0.37 3.44 59 -0.92 -1.47 0.18 -0.13 -0.28 -1.07 28 -279
Total Pre-Tax Income
0.43 1.21 0.91 -1.20 -1.92 0.22 0.04 -0.47 -1.37 51 -337
Total Operating Income
0.36 1.27 0.94 -1.16 -1.91 0.22 -0.23 -0.39 -1.31 -71 -245
Total Gross Profit
11 13 64 1.16 15 17 17 18 22 23 1,573
Total Revenue
28 34 64 1.86 39 41 42 45 55 57 6,842
Operating Revenue
28 34 64 1.86 39 41 42 45 55 57 6,842
Total Cost of Revenue
17 21 0.00 0.70 24 25 24 27 33 34 5,270
Operating Cost of Revenue
17 21 - 0.70 24 25 24 - 33 34 5,270
Total Operating Expenses
10 11 4.34 15 17 16 17 18 23 94 1,818
Selling, General & Admin Expense
5.64 6.37 7.35 7.98 8.77 8.27 9.40 9.47 22 93 1,395
Depreciation Expense
0.49 0.68 0.62 0.65 0.72 0.71 0.88 0.95 0.83 0.20 108
Amortization Expense
- - - - - - - - - 0.90 315
Total Other Income / (Expense), net
0.08 -0.05 -0.03 -0.04 -0.02 -0.00 0.27 -0.09 -0.06 122 -92
Interest Expense
0.06 0.06 0.03 0.04 0.04 0.01 0.05 0.09 - 0.00 50
Interest & Investment Income
- - - - - - - - -0.06 122 -48
Other Income / (Expense), net
0.13 0.01 - 0.00 0.02 0.01 0.32 0.00 - 0.00 5.50
Income Tax Expense
0.06 -2.22 1.39 -0.28 -0.46 0.05 0.18 -0.19 -0.30 23 -58
Basic Earnings per Share
$0.09 $0.78 ($0.11) $0.06 $1.51 $0.04 ($0.03) ($0.05) ($1.63) ($0.11) ($0.63)
Weighted Average Basic Shares Outstanding
4.30M 4.41M 4.49M 4.50M 4.50M 4.50M 5.03M 5.17M 657K 204M 613M
Diluted Earnings per Share
$0.09 $0.77 ($0.11) $0.06 $1.51 $0.04 ($0.03) ($0.05) ($1.63) ($0.11) ($0.63)
Weighted Average Diluted Shares Outstanding
4.32M 4.47M 4.49M 4.50M 4.50M 4.50M 5.03M 5.17M 657K 204M 613M
Weighted Average Basic & Diluted Shares Outstanding
4.41M 4.49M 4.50M 4.50M 4.50M 5.06M 5.14M 5.26M 5.32M 409.43M 708.55M

Quarterly Income Statements for QXO

This table shows QXO's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2022 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Total Costs & Expenses
- - - - - - 564 - - - 845
Net Income / (Loss) Attributable to Common Shareholders
1.21 0.14 -0.60 17 11 8.80 -59 -139 -90 -227 -55
Consolidated Net Income / (Loss)
1.21 0.14 -0.60 17 11 8.80 -59 -139 -90 -227 -55
Net Income / (Loss) Continuing Operations
1.21 0.14 -0.60 17 11 8.80 -59 -139 -90 -227 -55
Total Pre-Tax Income
1.30 0.21 -0.80 23 28 17 -237 -11 -108 -280 -77
Total Operating Income
-1.64 0.23 -4.30 -34 -33 -39 -163 26 -70 -252 -42
Total Gross Profit
2.07 5.66 5.80 5.50 5.97 5.40 401 636 530 409 803
Total Revenue
5.18 14 15 13 15 14 1,906 2,728 2,194 1,730 3,246
Operating Revenue
5.18 14 15 13 15 14 1,906 2,728 2,194 1,730 3,246
Total Cost of Revenue
3.11 8.78 8.70 7.60 8.86 8.10 1,505 2,093 1,664 1,321 2,443
Operating Cost of Revenue
- 8.78 8.70 7.60 8.86 8.10 1,505 2,093 1,664 1,321 2,443
Total Operating Expenses
3.71 5.43 10 39 39 45 564 610 599 661 845
Selling, General & Admin Expense
2.03 5.19 9.80 39 39 44 457 453 441 497 649
Depreciation Expense
0.34 0.24 0.10 0.00 0.65 0.10 27 40 41 47 56
Amortization Expense
- - 0.20 0.20 - 0.20 80 118 - 117 140
Total Other Income / (Expense), net
2.94 -0.02 3.50 57 61 57 -74 -36 -38 -28 -35
Interest Expense
0.05 - 0.00 0.00 - - 46 0.00 - - 0.00
Interest & Investment Income
- -0.02 3.50 57 61 57 -30 -38 -36 -31 -38
Other Income / (Expense), net
- - 0.00 0.00 - 0.00 2.00 1.40 - 2.70 3.00
Income Tax Expense
0.09 0.07 -0.20 6.10 17 8.50 -178 129 -17 -53 -22
Basic Earnings per Share
- $0.21 ($9.93) ($0.01) $0.06 ($0.03) ($0.15) ($0.24) ($0.15) ($0.35) ($0.14)
Weighted Average Basic Shares Outstanding
5.17M 664K 700K 358.80M 204.00M 451.40M 564.70M 715.30M 613M 744.40M 767.30M
Diluted Earnings per Share
- $0.21 ($9.93) ($0.01) $0.06 ($0.03) ($0.15) ($0.24) ($0.15) ($0.35) ($0.14)
Weighted Average Diluted Shares Outstanding
5.17M 664K 700K 358.80M 204.00M 451.40M 564.70M 715.30M 613M 744.40M 767.30M
Weighted Average Basic & Diluted Shares Outstanding
5.32M 5.32M 409.43M 409.43M 409.43M 518.68M 673.56M 674.39M 708.55M 725.17M 1.04B

Annual Cash Flow Statements for QXO

This table details how cash moves in and out of QXO's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents
-0.12 0.43 0.61 -0.17 7.14 -2.06 0.22 1.19 -1.87 5,066 -2,707
Net Cash From Operating Activities
0.13 1.79 2.31 -0.40 -0.40 1.73 0.23 2.04 0.58 85 261
Net Cash From Continuing Operating Activities
0.13 1.79 2.31 -0.27 -0.90 1.73 0.23 2.04 0.58 85 261
Net Income / (Loss) Continuing Operations
0.37 3.44 -0.49 -0.92 -1.47 0.18 -0.13 -0.28 -1.07 28 -279
Consolidated Net Income / (Loss)
0.37 3.44 -0.49 0.26 6.79 0.18 -0.13 -0.28 -1.07 28 -279
Depreciation Expense
0.17 0.23 0.26 0.33 0.34 0.31 0.35 0.39 0.33 0.20 108
Amortization Expense
0.32 0.45 0.36 0.04 0.59 0.81 1.05 1.37 0.67 0.90 321
Non-Cash Adjustments To Reconcile Net Income
0.21 0.04 0.18 0.34 0.16 -0.28 -0.67 -0.38 0.28 35 109
Changes in Operating Assets and Liabilities, net
-0.95 -2.37 1.99 -0.19 -0.53 0.71 -0.36 0.94 0.37 21 1.80
Net Cash From Investing Activities
-0.64 -0.50 -0.82 -0.41 8.03 0.84 -0.51 -0.19 -0.40 -0.10 -10,630
Net Cash From Continuing Investing Activities
-0.64 -0.50 -0.82 -0.70 8.15 0.84 -0.51 -0.19 -0.40 -0.10 -10,630
Purchase of Property, Plant & Equipment
-0.07 -0.50 -0.76 -0.40 -0.15 -0.12 -0.11 -0.19 -0.40 -0.10 -78
Acquisitions
-0.71 - -0.06 -0.30 -0.06 -0.19 -0.65 0.00 - 0.00 -10,557
Other Investing Activities, net
- - - - 0.00 1.15 - - - 0.00 4.40
Net Cash From Financing Activities
0.40 -0.87 -0.88 -0.57 -0.87 -4.63 0.50 -0.66 -2.05 4,981 7,663
Net Cash From Continuing Financing Activities
0.40 -0.87 -0.88 -0.56 -0.87 -4.63 0.50 -0.66 -2.05 4,981 7,663
Repayment of Debt
-0.36 -0.42 -0.41 -0.43 -0.48 -3.57 -0.42 -0.42 -0.78 -1.70 -957
Payment of Dividends
0.00 -0.26 -0.36 0.00 -0.23 -4.05 -3.08 0.00 -1.05 -50 -105
Issuance of Debt
- - - - 0.00 3.15 - - - 0.00 5,342
Issuance of Preferred Equity
0.00 0.00 - - - - - - 0.00 982 558
Issuance of Common Equity
0.81 - - - - 0.00 4.18 0.00 0.00 4,051 4,275
Other Financing Activities, net
-0.05 -0.19 -0.11 -0.13 -0.17 -0.16 -0.17 -0.23 -0.22 -0.20 -1,451
Effect of Exchange Rate Changes
- - - - - - - - - 0.00 -0.50
Cash Interest Paid
0.06 0.06 0.03 0.04 0.04 0.04 0.05 0.04 0.06 0.10 138
Cash Income Taxes Paid
0.09 0.10 0.34 0.22 1.91 0.04 0.38 0.09 0.30 0.00 38

Quarterly Cash Flow Statements for QXO

This table details how cash moves in and out of QXO's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents
-0.74 0.14 965 4,069 31 13 -2,803 28 55 685 2,723
Net Cash From Operating Activities
-0.23 0.37 -1.05 32 54 37 -174 213 187 71 -217
Net Cash From Continuing Operating Activities
-0.23 0.37 -1.05 32 54 37 -174 213 187 71 -217
Net Income / (Loss) Continuing Operations
0.42 0.14 -0.59 17 11 8.80 -59 -139 -90 -227 -55
Consolidated Net Income / (Loss)
0.42 0.14 -0.59 17 11 8.80 -59 -139 -90 -227 -55
Depreciation Expense
0.08 0.07 0.07 0.06 0.05 0.10 27 40 41 47 58
Amortization Expense
0.19 0.21 0.14 0.22 0.22 0.20 82 120 119 119 143
Non-Cash Adjustments To Reconcile Net Income
0.02 0.08 0.72 14 21 20 -87 49 127 27 36
Changes in Operating Assets and Liabilities, net
-0.94 -0.13 -1.39 0.15 22 7.20 -138 143 -11 104 -398
Net Cash From Investing Activities
-0.33 -0.06 -0.00 -0.00 -0.04 -0.80 -10,575 -29 -26 -20 -1,996
Net Cash From Continuing Investing Activities
-0.33 -0.06 -0.00 -0.00 -0.04 -0.80 -10,575 -29 -26 -20 -1,996
Purchase of Property, Plant & Equipment
-0.33 -0.06 -0.00 -0.00 -0.04 -0.10 -20 -30 -28 -23 -32
Other Investing Activities, net
- - - - - -0.70 - 1.10 2.50 3.00 1.00
Net Cash From Financing Activities
-0.18 -0.17 966 4,038 -23 -23 7,946 -155 -106 634 4,935
Net Cash From Continuing Financing Activities
-0.18 -0.17 966 4,038 -23 -23 7,946 -155 -106 634 4,935
Repayment of Debt
-0.13 -0.12 -0.10 -1.48 - 0.00 -337 -454 -165 -46 39
Payment of Dividends
- 0.00 - -9.75 -23 -23 -23 -29 -30 -30 -54
Issuance of Common Equity
- - - - - 0.00 - 42 -0.10 750 -0.40
Other Financing Activities, net
-0.05 -0.05 -0.10 -0.04 -0.03 0.00 -1,407 -11 -32 -40 -14
Effect of Exchange Rate Changes
- - - - - 0.00 - - -0.20 -0.30 0.30
Cash Interest Paid
- 0.02 0.01 0.03 0.01 0.00 22 20 96 15 91
Cash Income Taxes Paid
0.28 0.00 -0.00 - - 0.00 35 2.10 1.00 1.40 3.60

Annual Balance Sheets for QXO

This table presents QXO's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets
8.48 11 10 12 19 16 18 21 20 5,098 15,887
Total Current Assets
4.89 4.92 5.40 4.89 13 8.63 11 14 12 5,090 5,546
Cash & Equivalents
1.19 1.62 2.24 1.90 8.66 6.60 6.81 8.01 6.14 5,069 2,362
Accounts Receivable
3.22 2.97 2.76 2.07 2.71 1.63 2.21 2.60 2.97 2.70 1,145
Inventories, net
- - - - - - - - - 0.00 1,497
Prepaid Expenses
0.44 0.33 0.40 0.43 0.46 0.40 1.69 1.57 2.68 18 84
Current Deferred & Refundable Income Taxes
0.04 - - - - - - - - 0.00 31
Other Current Assets
- - - 0.48 - - 0.00 1.52 - 0.00 427
Plant, Property, & Equipment, net
0.43 0.47 0.57 0.69 0.71 0.52 0.64 0.71 0.50 0.40 689
Total Noncurrent Assets
3.16 5.28 4.44 6.17 5.26 6.75 6.65 7.03 8.20 8.30 9,652
Goodwill
0.40 0.40 0.40 0.89 0.89 1.01 1.01 1.14 1.14 1.20 5,111
Intangible Assets
2.57 2.43 2.64 2.92 2.61 3.13 3.49 4.27 4.92 4.00 3,819
Other Noncurrent Operating Assets
0.03 0.03 0.04 1.08 0.89 1.57 1.16 0.52 0.69 0.50 722
Total Liabilities & Shareholders' Equity
8.48 11 10 12 19 16 18 21 20 5,098 15,887
Total Liabilities
6.93 5.69 6.19 7.41 10 8.62 8.64 12 13 45 6,180
Total Current Liabilities
5.57 5.11 5.85 6.23 8.66 6.73 7.39 11 12 45 1,550
Accounts Payable
1.59 1.82 2.09 2.03 2.21 1.88 2.04 3.27 4.56 6.20 819
Accrued Expenses
0.82 0.82 1.07 1.42 1.19 1.33 1.74 2.43 2.68 39 574
Other Current Liabilities
- - - 0.00 0.26 0.60 0.63 0.48 0.42 0.30 157
Total Noncurrent Liabilities
1.36 0.58 0.34 1.18 1.40 1.89 1.25 1.13 1.50 0.30 4,630
Long-Term Debt
0.99 0.49 0.23 1.07 0.78 0.94 0.57 0.67 0.99 0.00 3,057
Capital Lease Obligations
0.09 0.06 0.07 0.11 0.18 0.06 0.19 0.40 0.25 0.20 139
Noncurrent Deferred & Payable Income Tax Liabilities
- - - - - - - - - 0.00 847
Other Noncurrent Operating Liabilities
0.27 0.03 0.04 0.00 0.44 0.89 0.50 0.06 0.26 0.10 587
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest
- - - - - - - - - - 0.00
Total Equity & Noncontrolling Interests
1.56 4.97 4.23 4.33 8.89 7.28 9.36 9.55 7.47 5,053 9,707
Total Preferred & Common Equity
1.56 4.97 4.23 4.33 8.89 7.28 9.36 9.55 7.47 5,053 9,707
Preferred Stock
0.00 0.00 - 0.00 0.00 0.00 0.00 0.00 0.00 499 1,057
Total Common Equity
1.56 4.97 4.23 4.33 8.89 7.28 9.36 9.55 7.47 4,554 8,650
Common Stock
12 12 12 12 9.53 7.74 9.95 10 9.42 4,561 9,047
Retained Earnings
-11 -7.21 -7.69 -7.43 -0.64 -0.46 -0.59 -0.88 -1.95 -6.20 -395
Accumulated Other Comprehensive Income / (Loss)
- - - - - - - - - 0.00 -2.00

Quarterly Balance Sheets for QXO

This table presents QXO's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets
21 21 18 21 988 5,063 5,113 17,114 16,643 16,660 22,665
Total Current Assets
14 13 11 13 980 5,056 5,104 6,495 6,215 6,457 10,348
Cash & Equivalents
6.88 7.13 6.88 6.28 971 5,037 5,082 2,279 2,307 3,046 2,774
Accounts Receivable
3.17 2.73 3.04 3.33 3.02 2.24 3.24 1,576 1,562 1,136 1,782
Inventories, net
- - - - - - - 1,850 1,664 1,668 2,072
Prepaid Expenses
1.74 1.53 1.11 1.64 5.54 16 19 100 87 95 3,144
Current Deferred & Refundable Income Taxes
- - - - - - - 223 99 33 45
Other Current Assets
1.79 2.03 0.01 1.28 - - - 469 497 479 531
Plant, Property, & Equipment, net
0.62 0.56 0.53 0.50 0.51 0.46 0.54 0.00 691 660 825
Total Noncurrent Assets
6.90 6.62 6.82 7.84 7.84 7.37 8.62 10,619 9,737 9,544 11,492
Goodwill
1.14 1.14 1.14 1.14 1.14 1.16 1.16 5,138 5,071 5,129 6,211
Intangible Assets
4.10 3.94 3.78 4.71 4.49 4.25 4.46 4,004 3,938 3,705 4,402
Other Noncurrent Operating Assets
0.63 0.65 0.56 0.61 0.60 0.52 0.39 1,478 728 710 879
Total Liabilities & Shareholders' Equity
21 21 18 21 988 5,063 5,113 17,114 16,643 16,660 22,665
Total Liabilities
11 10 11 13 17 20 54 7,199 6,821 6,495 10,326
Total Current Liabilities
10 9.47 11 12 16 20 54 2,165 2,034 1,937 2,515
Accounts Payable
2.85 2.82 3.50 4.87 6.19 3.86 5.84 1,427 1,278 1,171 1,505
Accrued Expenses
2.21 2.18 2.83 2.34 5.40 12 44 586 601 607 821
Other Current Liabilities
0.54 0.51 0.43 0.36 0.36 0.33 0.18 153 155 160 189
Total Noncurrent Liabilities
1.02 0.92 0.78 1.28 1.10 0.34 0.19 5,034 4,787 4,558 7,811
Long-Term Debt
0.55 0.45 0.38 0.84 0.69 0.00 - 3,251 3,096 3,059 6,040
Capital Lease Obligations
0.35 0.31 0.27 0.22 0.25 0.22 0.16 - 138 130 130
Noncurrent Deferred & Payable Income Tax Liabilities
- - - - - - - 1,042 962 789 929
Other Noncurrent Operating Liabilities
0.11 0.16 0.13 0.21 0.16 0.12 0.03 740 590 581 712
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest
- - - - - - - - - - 1,961
Total Equity & Noncontrolling Interests
9.87 10 7.05 7.61 971 5,044 5,059 9,915 9,822 10,165 10,378
Total Preferred & Common Equity
9.87 10 7.05 7.61 971 5,044 5,059 9,915 9,822 10,165 10,378
Preferred Stock
0.00 0.00 0.00 0.00 499 499 499 1,057 1,057 1,057 1,057
Total Common Equity
9.87 10 7.05 7.61 473 4,545 4,561 8,859 8,765 9,108 9,321
Common Stock
10 10 9.42 9.42 475 4,540 4,581 8,966 9,039 9,760 10,079
Retained Earnings
-0.60 -0.26 -2.37 -1.81 -2.40 4.98 -20 -104 -274 -652 -761
Accumulated Other Comprehensive Income / (Loss)
- - - - - - - -3.10 -0.10 0.00 3.00

Annual Metrics And Ratios for QXO

This table displays calculated financial ratios and metrics derived from QXO's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2022 12/31/2024 12/31/2025
DEI Shares Outstanding
- - - - - - - - - - 674,392,035.00
DEI Adjusted Shares Outstanding
- - - - - - - - - - 674,392,035.00
DEI Earnings Per Adjusted Shares Outstanding
- - - - - - - - - - -0.41
Growth Metrics
- - - - - - - - - - -
Revenue Growth
28.78% 23.44% 88.82% -97.11% 1,970.67% 7.06% 1.17% 7.87% 0.00% 4.32% 11,924.96%
EBITDA Growth
16.96% 100.84% -20.51% -150.64% -20.39% 242.89% 9.30% -7.72% 0.00% -22,433.96% 371.96%
EBIT Growth
4.49% 159.73% -26.47% -223.62% -62.18% 112.57% -61.81% -526.43% 0.00% -5,315.71% -237.61%
NOPAT Growth
39.56% 1,064.66% -114.02% -61.44% -64.25% 113.18% 305.12% -137.85% 0.00% -4,158.61% -338.60%
Net Income Growth
94.04% 818.07% -114.16% 153.95% 2,488.95% -97.41% -176.54% -109.93% 0.00% 2,713.93% -1,097.86%
EPS Growth
80.00% 755.56% -114.29% 154.55% 2,416.67% -97.35% -175.00% -66.67% 0.00% 93.25% -472.73%
Operating Cash Flow Growth
-87.24% 1,316.53% 28.69% -117.26% 0.26% 535.10% -86.93% 801.81% 0.00% 14,434.76% 208.25%
Free Cash Flow Firm Growth
-1,280.19% 144.92% 17.50% -342.55% 124.85% 6.14% -71.99% 104.38% 0.00% -2,567.43% -52,327.87%
Invested Capital Growth
371.40% 126.71% -39.45% 83.25% -42.11% -22.03% 21.57% -8.14% 0.00% -570.80% 68,549.35%
Revenue Q/Q Growth
11.41% 0.63% 87.63% -97.60% 541.25% 3.36% 23.92% -13.39% 0.00% 0.23% 46.73%
EBITDA Q/Q Growth
11.18% 28.55% -13.43% -235.41% 55.82% 161.28% -26.79% 32.04% 0.00% -92.56% 213.14%
EBIT Q/Q Growth
36.93% 35.27% -19.38% -852.32% 29.00% 137.99% -89.81% 54.90% 0.00% -90.09% -14.79%
NOPAT Q/Q Growth
-24.32% 24.09% -174.23% -852.32% 28.10% 139.18% -19.68% 54.90% 0.00% -40.96% -17.43%
Net Income Q/Q Growth
8.08% 8.58% -174.18% 131.54% -12.65% 115.00% -121.54% 56.04% 0.00% 63.02% -57.04%
EPS Q/Q Growth
12.50% 10.00% -173.33% 131.58% -12.72% 0.00% 0.00% -107.94% 0.00% -320.00% -152.00%
Operating Cash Flow Q/Q Growth
626.89% 2.58% 55.74% -120.70% 73.86% 1,043.31% -87.15% 89.32% 0.00% 176.80% 102.98%
Free Cash Flow Firm Q/Q Growth
-19.51% 191.31% 248.92% -2,965.62% 135.52% 177.72% -57.27% 102.21% -100.00% 38.44% 1.47%
Invested Capital Q/Q Growth
11.83% 4.60% -40.98% 7.80% 18.09% -25.96% -19.41% -20.54% 160.68% -330.09% -1.94%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
39.23% 37.30% 100.00% 62.27% 38.12% 40.22% 41.27% 39.93% 39.93% 40.32% 22.99%
EBITDA Margin
3.53% 5.75% 2.42% -42.48% -2.47% 3.30% 3.56% 3.05% 3.05% -122.87% 2.78%
Operating Margin
1.29% 3.71% 1.46% -62.44% -4.95% 0.54% -0.55% -0.86% -0.86% -124.84% -3.58%
EBIT Margin
1.78% 3.74% 1.46% -62.44% -4.89% 0.57% 0.22% -0.86% -0.86% -124.84% -3.50%
Profit (Net Income) Margin
1.35% 10.07% -0.76% 14.11% 17.65% 0.43% -0.32% -0.63% -0.63% 49.18% -4.08%
Tax Burden Percent
86.18% 283.38% -53.60% -21.82% -353.34% 78.75% -308.54% 59.49% 59.49% 55.04% 82.88%
Interest Burden Percent
88.31% 94.94% 96.63% 103.59% 102.11% 94.25% 48.21% 123.10% 123.10% -71.57% 140.63%
Effective Tax Rate
13.82% -183.38% 153.60% 0.00% 0.00% 21.25% 408.54% 0.00% 0.00% 44.96% 0.00%
Return on Invested Capital (ROIC)
49.27% 110.92% -13.96% -21.09% -33.91% 6.85% 28.59% -7.55% -8.18% 0.00% -3.26%
ROIC Less NNEP Spread (ROIC-NNEP)
7.82% 709.59% -15.67% -272.84% -337.45% 6.85% 43.13% -7.33% -7.88% 0.00% 1.83%
Return on Net Nonoperating Assets (RNNOA)
-1.58% -5.63% 3.38% 27.22% 136.63% -4.68% -30.20% 4.56% 4.41% 0.00% -0.52%
Return on Equity (ROE)
47.68% 105.29% -10.58% 6.13% 102.72% 2.17% -1.62% -2.99% -3.78% 1.11% -3.79%
Cash Return on Invested Capital (CROIC)
-121.29% 33.36% 35.18% -79.87% 19.43% 31.61% 9.12% 0.93% 0.00% 0.00% -101.77%
Operating Return on Assets (OROA)
7.26% 13.35% 8.91% -10.48% -12.27% 1.36% 0.55% -1.95% -1.88% -2.77% -2.28%
Return on Assets (ROA)
5.53% 35.90% -4.62% 2.37% 44.27% 1.01% -0.82% -1.43% -1.38% 1.09% -2.66%
Return on Common Equity (ROCE)
47.68% 105.29% -10.58% 6.13% 102.72% 2.17% -1.62% -2.99% -3.78% 1.00% -3.39%
Return on Equity Simple (ROE_SIMPLE)
24.05% 69.13% -11.51% 6.06% 76.39% 2.41% -1.44% 0.00% -3.78% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)
0.31 3.59 -0.50 -0.81 -1.33 0.18 0.71 -0.27 -0.27 -39 -172
NOPAT Margin
1.12% 10.53% -0.78% -43.71% -3.47% 0.43% 1.71% -0.60% -0.60% -68.72% -2.51%
Net Nonoperating Expense Percent (NNEP)
41.45% -598.67% 1.71% 251.75% 303.53% -0.01% -14.54% -0.21% -0.30% 2.64% -5.09%
Return On Investment Capital (ROIC_SIMPLE)
- - - - - - - -2.36% - -0.77% -1.33%
Cost of Revenue to Revenue
60.77% 62.70% 0.00% 37.73% 61.88% 59.78% 58.74% 60.07% 60.07% 59.68% 77.01%
SG&A Expenses to Revenue
20.39% 18.68% 11.41% 429.21% 22.79% 20.07% 22.55% 21.05% 21.05% 163.42% 20.39%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
37.93% 33.59% 6.73% 805.12% 43.08% 39.68% 41.82% 40.78% 40.78% 165.16% 26.57%
Earnings before Interest and Taxes (EBIT)
0.49 1.28 0.94 -1.16 -1.88 0.24 0.09 -0.39 -0.39 -71 -240
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
0.98 1.96 1.56 -0.79 -0.95 1.36 1.49 1.37 1.37 -70 190
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
0.30 0.10 3.16 1.69 1.59 1.60 2.28 1.26 1.94 1.43 1.50
Price to Tangible Book Value (P/TBV)
0.00 0.23 11.27 13.78 2.61 3.72 4.40 2.90 10.28 1.43 0.00
Price to Revenue (P/Rev)
0.02 0.01 0.21 3.95 0.37 0.28 0.51 0.27 0.32 114.46 1.90
Price to Earnings (P/E)
1.26 0.14 0.23 0.00 2.08 66.47 0.00 0.00 0.00 232.76 0.00
Dividend Yield
0.00% 0.00% 2.02% 0.00% 1.60% 34.70% 23.55% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
79.65% 705.89% 439.24% 0.00% 48.18% 1.50% 0.00% 0.00% 0.00% 0.43% 0.00%
Enterprise Value to Invested Capital (EV/IC)
0.44 0.00 4.35 1.43 2.02 2.94 5.59 1.72 3.13 0.00 1.41
Enterprise Value to Revenue (EV/Rev)
0.03 0.00 0.18 3.85 0.15 0.16 0.37 0.13 0.23 34.12 2.18
Enterprise Value to EBITDA (EV/EBITDA)
0.90 0.00 7.59 0.00 0.00 4.88 10.29 4.29 7.54 0.00 78.38
Enterprise Value to EBIT (EV/EBIT)
1.79 0.00 12.60 0.00 0.00 27.99 169.16 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
2.86 0.00 0.00 0.00 0.00 37.66 21.45 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
6.95 0.00 5.13 0.00 0.00 3.83 67.64 2.89 5.07 22.86 57.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 9.33 0.00 7.62 8.16 67.24 176.03 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
1.03 0.23 0.17 0.40 0.17 0.21 0.08 0.19 0.26 0.00 0.33
Long-Term Debt to Equity
0.70 0.11 0.07 0.27 0.11 0.14 0.05 0.11 0.17 0.00 0.33
Financial Leverage
-0.20 -0.01 -0.22 -0.10 -0.40 -0.68 -0.70 -0.62 -0.56 -1.00 -0.29
Leverage Ratio
8.62 2.93 2.29 2.59 2.32 2.15 1.98 2.09 2.74 1.01 1.42
Compound Leverage Factor
7.62 2.78 2.21 2.68 2.37 2.03 0.95 2.57 3.38 -0.72 2.00
Debt to Total Capital
50.76% 18.50% 14.43% 28.33% 14.71% 17.50% 7.49% 16.27% 20.64% 0.00% 24.77%
Short-Term Debt to Total Capital
16.41% 9.53% 8.41% 8.87% 5.48% 6.18% 2.90% 6.87% 7.45% 0.00% 0.00%
Long-Term Debt to Total Capital
34.35% 8.96% 6.02% 19.46% 9.23% 11.33% 4.58% 9.40% 13.18% 0.00% 24.77%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 9.87% 8.19%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
49.24% 81.50% 85.57% 71.67% 85.29% 82.50% 92.51% 83.73% 79.36% 90.13% 67.04%
Debt to EBITDA
1.64 0.57 0.46 -2.17 -1.61 1.14 0.51 1.35 1.42 0.00 16.81
Net Debt to EBITDA
0.42 -0.25 -0.98 0.24 8.70 -3.72 -4.08 -4.49 -3.06 72.53 4.39
Long-Term Debt to EBITDA
1.11 0.28 0.19 -1.49 -1.01 0.74 0.31 0.78 0.91 0.00 16.81
Debt to NOPAT
5.20 0.31 -1.42 -2.11 -1.15 8.78 1.06 -6.88 -7.20 -0.01 -18.62
Net Debt to NOPAT
1.33 -0.14 3.02 0.23 6.20 -28.71 -8.50 22.81 15.57 129.69 -4.86
Long-Term Debt to NOPAT
3.52 0.15 -0.59 -1.45 -0.72 5.68 0.65 -3.98 -4.60 -0.01 -18.62
Altman Z-Score
1.64 2.68 6.70 -0.60 2.77 3.56 4.14 2.75 2.69 87.19 1.91
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 9.85% 10.54%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
0.88 0.96 0.92 0.78 1.50 1.28 1.47 1.27 1.02 112.85 3.58
Quick Ratio
0.79 0.90 0.86 0.64 1.31 1.22 1.24 0.99 0.81 112.44 2.26
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-2.40 1.08 1.27 -3.08 0.76 0.81 0.23 0.03 0.00 -20 -10,728
Operating Cash Flow to CapEx
187.69% 361.20% 305.60% -100.15% -260.76% 1,385.69% 196.96% 1,079.99% 5,261.45% 83,218.63% 334.27%
Free Cash Flow to Firm to Interest Expense
-41.82 16.70 40.04 -73.84 19.21 59.62 4.86 0.38 0.00 0.00 -215.86
Operating Cash Flow to Interest Expense
2.20 27.74 72.84 -9.56 -9.98 126.99 4.83 22.90 22.90 0.00 5.26
Operating Cash Flow Less CapEx to Interest Expense
1.03 20.06 49.01 -19.10 -13.81 117.83 2.38 20.78 22.46 0.00 3.69
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
4.08 3.57 6.12 0.17 2.51 2.37 2.53 2.28 2.19 0.02 0.65
Accounts Receivable Turnover
9.97 11.04 22.49 0.77 16.11 18.97 21.70 18.70 14.22 20.06 11.92
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
76.74 76.55 124.65 2.96 54.97 66.72 71.90 66.73 89.37 125.96 19.86
Accounts Payable Turnover
11.25 12.53 0.00 0.34 11.24 12.06 12.52 10.18 5.92 6.31 12.77
Days Sales Outstanding (DSO)
36.62 33.08 16.23 474.22 22.66 19.24 16.82 19.52 25.67 18.19 30.61
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
32.46 29.14 0.00 1,072.35 32.47 30.26 29.16 35.86 61.63 57.87 28.58
Cash Conversion Cycle (CCC)
4.16 3.93 16.23 -598.13 -9.81 -11.02 -12.34 -16.34 -35.97 -39.68 2.04
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
1.98 4.49 2.72 4.99 2.89 2.25 2.74 3.42 3.30 -15 10,541
Invested Capital Turnover
44.17 10.54 17.86 0.48 9.78 16.05 16.73 12.58 13.64 -9.38 1.30
Increase / (Decrease) in Invested Capital
2.71 2.51 -1.77 2.27 -2.10 -0.64 0.49 -0.30 0.00 -19 10,557
Enterprise Value (EV)
0.88 -0.01 12 7.15 5.83 6.62 15 5.88 10 1,940 14,900
Market Capitalization
0.47 0.49 13 7.34 14 12 21 12 15 6,510 13,009
Book Value per Share
$0.36 $1.13 $0.94 $0.96 $1.98 $1.62 $1.82 $1.86 $1.45 $11.12 $12.83
Tangible Book Value per Share
($0.33) $0.48 $0.26 $0.12 $1.20 $0.70 $0.94 $0.81 $0.28 $11.11 ($0.42)
Total Capital
3.16 6.10 4.94 6.05 10 8.82 10 11 9.42 5,053 12,903
Total Debt
1.60 1.13 0.71 1.71 1.53 1.54 0.76 1.86 1.94 0.20 3,196
Total Long-Term Debt
1.09 0.55 0.30 1.18 0.96 1.00 0.46 1.07 1.24 0.20 3,196
Net Debt
0.41 -0.49 -1.52 -0.19 -8.27 -5.05 -6.06 -6.15 -4.20 -5,068 834
Capital Expenditures (CapEx)
0.07 0.50 0.76 0.40 0.15 0.12 0.11 0.19 0.04 0.10 78
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-1.35 -1.23 -2.26 -2.71 -4.92 -4.15 -3.09 -4.28 -5.17 -24 1,635
Debt-free Net Working Capital (DFNWC)
-0.16 0.39 -0.03 -0.81 4.89 2.44 3.72 3.73 0.98 5,045 3,996
Net Working Capital (NWC)
-0.68 -0.19 -0.44 -1.35 4.32 1.90 3.43 2.95 0.27 5,045 3,996
Net Nonoperating Expense (NNE)
-0.07 0.15 -0.02 -1.08 -8.13 0.00 0.85 0.01 0.01 -67 108
Net Nonoperating Obligations (NNO)
0.43 -0.48 -1.51 0.65 -6.01 -5.03 -6.62 -6.13 -4.18 -5,068 834
Total Depreciation and Amortization (D&A)
0.49 0.68 0.62 0.37 0.93 1.12 1.39 1.76 1.76 1.12 430
Debt-free, Cash-free Net Working Capital to Revenue
-4.89% -3.61% -3.51% -145.86% -12.78% -10.07% -7.41% -9.51% -11.49% -42.20% 23.89%
Debt-free Net Working Capital to Revenue
-0.57% 1.14% -0.04% -43.63% 12.70% 5.93% 8.93% 8.29% 2.17% 8,869.76% 58.41%
Net Working Capital to Revenue
-2.44% -0.57% -0.69% -72.47% 11.21% 4.61% 8.22% 6.55% 0.61% 8,869.76% 58.41%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.09 $0.78 ($0.11) $0.06 $1.51 $0.04 ($0.03) ($0.40) ($0.05) ($0.11) ($0.63)
Adjusted Weighted Average Basic Shares Outstanding
4.30M 4.41M 4.49M 4.50M 4.50M 4.50M 5.03M 645.89K 5.17M 204.00M 613M
Adjusted Diluted Earnings per Share
$0.09 $0.77 ($0.11) $0.06 $1.51 $0.04 ($0.03) ($0.40) ($0.05) ($0.11) ($0.63)
Adjusted Weighted Average Diluted Shares Outstanding
4.32M 4.47M 4.49M 4.71M 4.50M 4.50M 5.03M 645.89K 5.17M 204.00M 613M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
4.41M 4.49M 4.50M 4.50M 4.50M 5.06M 5.14M 657.02K 5.32M 409.43M 708.55M
Normalized Net Operating Profit after Tax (NOPAT)
0.36 0.92 0.73 -0.79 -1.16 0.18 0.15 -0.14 -0.14 -39 -172
Normalized NOPAT Margin
1.31% 2.69% 1.13% -42.66% -3.01% 0.45% 0.35% -0.32% -0.32% -68.72% -2.51%
Pre Tax Income Margin
1.57% 3.55% 1.41% -64.69% -4.99% 0.54% 0.10% -1.05% -1.05% 89.34% -4.93%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
8.56 19.75 29.63 -27.86 -47.30 17.38 1.93 -4.33 -4.33 0.00 -4.82
NOPAT to Interest Expense
5.36 55.53 -15.88 -19.50 -33.53 12.92 15.23 -3.03 -3.03 0.00 -3.45
EBIT Less CapEx to Interest Expense
7.38 12.07 5.80 -37.40 -51.12 8.22 -0.52 -6.45 -4.76 0.00 -6.40
NOPAT Less CapEx to Interest Expense
4.19 47.85 -39.72 -29.04 -37.36 3.76 12.78 -5.15 -3.47 0.00 -5.03
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
0.00% 7.70% -73.80% 0.00% 3.31% 2,306.41% -2,292.36% 0.00% 0.00% 177.52% -37.51%
Augmented Payout Ratio
0.00% 7.70% -73.80% 1.40% 3.31% 2,306.41% -2,292.36% 0.00% 0.00% 177.52% -37.51%

Quarterly Metrics And Ratios for QXO

This table displays calculated financial ratios and metrics derived from QXO's official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2022 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding
- - - - - - - - 674,392,035.00 708,551,189.00 725,168,030.00
DEI Adjusted Shares Outstanding
- - - - - - - - 674,392,035.00 708,551,189.00 725,168,030.00
DEI Earnings Per Adjusted Shares Outstanding
- - - - - - - - -0.13 -0.32 -0.08
Growth Metrics
- - - - - - - - - - -
Revenue Growth
0.00% 9.96% 9.38% -2.41% 0.87% -6.43% 13,047.59% 20,726.72% 14,660.44% 12,716.30% 70.30%
EBITDA Growth
0.00% -19.08% -757.90% -1,338.57% -4,917.39% -7,836.49% -1,184.61% 657.61% 376.32% -112.05% 408.80%
EBIT Growth
0.00% -38.39% -1,042.98% -1,213.33% -7,983.97% -17,330.70% -3,630.23% 180.71% -109.50% -534.10% 75.78%
NOPAT Growth
0.00% -47.98% -942.38% -1,289.33% -3,170.90% -13,268.20% -3,669.77% 172.60% -265.81% -782.06% 74.23%
Net Income Growth
0.00% -50.24% -274.42% 915.17% 2,583.57% 6,244.20% -9,650.00% -910.47% -901.41% -2,680.68% 6.78%
EPS Growth
0.00% 0.00% -2,009.62% 99.69% -90.63% -114.29% 98.49% -2,300.00% -350.00% -1,066.67% 6.67%
Operating Cash Flow Growth
0.00% 146.68% -331.99% 2,667.08% 23,169.66% 9,901.10% -16,257.18% 572.47% 246.20% 93.42% -24.13%
Free Cash Flow Firm Growth
0.00% 154.80% -114.76% -2,517.91% 821.87% 11.36% -4,611,496.49% -35,287.81% -198,330.73% -641,675.27% 55.67%
Invested Capital Growth
0.00% -30.47% -62.33% 429.19% -570.80% -685.59% 649,941.79% 160,503.62% 68,549.35% 55,893.86% 44.51%
Revenue Q/Q Growth
-61.43% 178.84% 0.44% -9.66% 13.26% -8.96% 14,013.12% 43.11% -19.58% -21.14% 87.61%
EBITDA Q/Q Growth
59.95% 165.34% -888.62% -742.51% 1.77% -18.54% -30.95% 465.71% -51.29% -190.89% 295.28%
EBIT Q/Q Growth
35.96% 113.89% -1,985.96% -683.72% 1.40% -18.23% -308.29% 116.96% -355.93% -257.97% 84.35%
NOPAT Q/Q Growth
-608.20% 109.96% -2,089.83% -726.49% 46.62% -50.01% -469.64% 115.92% -369.82% -261.85% 83.33%
Net Income Q/Q Growth
157.20% -88.56% -534.78% 2,966.67% -34.70% -22.05% -768.19% -138.29% 35.25% -151.62% 75.78%
EPS Q/Q Growth
0.00% 0.00% -4,828.57% 99.90% 700.00% -150.00% -400.00% -60.00% 37.50% -133.33% 60.00%
Operating Cash Flow Q/Q Growth
6.93% -70.06% -391.78% 3,067.14% 70.83% -32.38% -577.22% 221.98% -12.19% -62.17% -406.80%
Free Cash Flow Firm Q/Q Growth
-100.00% 0.00% -115.55% -12,605.16% 117.79% -68.32% -644,067.37% 2.51% 1.11% 0.98% 53.57%
Invested Capital Q/Q Growth
160.68% -4.32% -46.90% 299.58% -330.09% -19.95% 59,041.16% -1.28% -1.94% -2.22% 52.67%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
39.94% 39.19% 40.00% 41.98% 40.26% 39.87% 21.07% 23.30% 24.15% 23.66% 24.74%
EBITDA Margin
-17.30% 4.05% -27.42% -255.73% -221.78% -288.77% -2.68% 6.85% 4.15% -4.78% 4.98%
Operating Margin
-31.65% 1.58% -29.66% -257.25% -223.95% -290.84% -8.50% 0.95% -3.17% -14.56% -1.29%
EBIT Margin
-31.65% 1.58% -29.66% -257.25% -223.95% -290.84% -8.41% 1.00% -3.17% -14.40% -1.20%
Profit (Net Income) Margin
23.32% 0.96% -4.14% 131.30% 75.70% 64.81% -3.07% -5.11% -4.11% -13.13% -1.69%
Tax Burden Percent
92.80% 66.51% 75.00% 73.82% 39.96% 50.70% 24.76% 1,327.62% 83.91% 81.02% 71.43%
Interest Burden Percent
-79.38% 91.19% 18.60% -69.14% -84.58% -43.95% 147.32% -38.60% 154.52% 112.48% 197.44%
Effective Tax Rate
7.20% 33.49% 0.00% 26.18% 60.04% 49.30% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
-400.78% 12.63% -387.05% -2,708.32% 0.00% 0.00% -2.13% 0.57% -2.89% -16.96% -0.67%
ROIC Less NNEP Spread (ROIC-NNEP)
-466.10% 12.90% -387.54% -2,709.98% 0.00% 0.00% 3,289.49% 8.24% -0.93% -14.90% -1.85%
Return on Net Nonoperating Assets (RNNOA)
260.46% -7.22% 385.13% 2,705.71% 0.00% 0.00% 1.01% -2.28% 0.27% 4.83% -0.36%
Return on Equity (ROE)
-140.32% 5.40% -1.92% -2.60% 1.11% 1.44% -1.12% -1.70% -2.62% -12.13% -1.04%
Cash Return on Invested Capital (CROIC)
0.00% 26.35% -51.44% -833.23% 0.00% 0.00% -203.39% -202.47% -101.77% -103.29% -38.18%
Operating Return on Assets (OROA)
-69.47% 3.48% -3.36% -5.75% -4.98% -6.34% -1.81% 0.43% -2.07% -11.32% -0.60%
Return on Assets (ROA)
51.18% 2.11% -0.47% 2.93% 1.68% 1.41% -0.66% -2.20% -2.68% -10.32% -0.84%
Return on Common Equity (ROCE)
-140.32% 5.40% -0.95% -2.34% 1.00% 1.30% -0.96% -1.53% -2.35% -10.89% -0.85%
Return on Equity Simple (ROE_SIMPLE)
0.00% -5.54% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)
-1.52 0.15 -3.01 -25 -13 -20 -113 18 -49 -176 -29
NOPAT Margin
-29.37% 1.05% -20.76% -189.90% -89.50% -147.46% -5.95% 0.66% -2.22% -10.19% -0.91%
Net Nonoperating Expense Percent (NNEP)
65.33% -0.27% 0.49% 1.67% 0.97% 1.13% -3,291.62% -7.66% -1.96% -2.06% 1.17%
Return On Investment Capital (ROIC_SIMPLE)
- - -0.31% -0.49% -0.26% -0.39% -0.86% 0.14% -0.38% -1.32% -0.18%
Cost of Revenue to Revenue
60.06% 60.81% 60.00% 58.02% 59.74% 60.13% 78.93% 76.70% 75.85% 76.34% 75.26%
SG&A Expenses to Revenue
39.21% 19.70% 67.59% 297.71% 262.54% 328.85% 23.96% 16.59% 20.10% 28.73% 19.99%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
71.59% 37.61% 69.66% 299.24% 264.22% 330.71% 29.57% 22.36% 27.32% 38.22% 26.03%
Earnings before Interest and Taxes (EBIT)
-1.64 0.23 -4.30 -34 -33 -39 -160 27 -70 -249 -39
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-0.90 0.59 -3.98 -34 -33 -39 -51 187 91 -83 162
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
1.94 9.21 0.10 1.42 1.43 1.22 1.26 1.46 1.50 1.51 1.34
Price to Tangible Book Value (P/TBV)
10.28 39.81 0.10 1.42 1.43 1.22 0.00 0.00 0.00 50.16 0.00
Price to Revenue (P/Rev)
0.32 1.51 0.84 113.78 114.46 99.09 5.74 2.75 1.90 1.61 1.27
Price to Earnings (P/E)
0.00 0.00 0.00 376.34 232.76 151.52 0.00 0.00 0.00 0.00 0.00
Dividend Yield
0.00% 1.52% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.27% 0.43% 0.66% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
3.13 20.81 0.00 286.63 0.00 0.00 1.21 1.38 1.41 1.45 1.20
Enterprise Value to Revenue (EV/Rev)
0.23 1.42 0.00 33.81 34.12 17.24 6.78 3.18 2.18 1.75 1.91
Enterprise Value to EBITDA (EV/EBITDA)
7.54 53.25 0.00 0.00 0.00 0.00 0.00 244.15 78.38 102.18 52.60
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
5.07 20.59 0.00 62.56 22.86 7.97 0.00 115.09 57.00 50.62 74.76
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 64.75 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.26 0.24 0.00 0.00 0.00 0.00 0.33 0.33 0.33 0.31 0.50
Long-Term Debt to Equity
0.17 0.14 0.00 0.00 0.00 0.00 0.33 0.33 0.33 0.31 0.50
Financial Leverage
-0.56 -0.56 -0.99 -1.00 -1.00 -1.00 0.00 -0.28 -0.29 -0.32 0.20
Leverage Ratio
2.74 2.40 1.03 1.01 1.01 1.01 1.66 1.46 1.42 1.43 1.79
Compound Leverage Factor
-2.18 2.19 0.19 -0.70 -0.86 -0.45 2.45 -0.56 2.20 1.61 3.53
Debt to Total Capital
20.64% 19.12% 0.18% 0.00% 0.00% 0.07% 24.69% 24.77% 24.77% 23.88% 33.34%
Short-Term Debt to Total Capital
7.45% 7.79% 0.08% 0.00% 0.00% 0.07% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
13.18% 11.33% 0.10% 0.00% 0.00% 0.00% 24.69% 24.77% 24.77% 23.88% 33.34%
Preferred Equity to Total Capital
0.00% 0.00% 51.25% 9.89% 9.87% 9.85% 8.03% 8.09% 8.19% 7.91% 5.71%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 10.59%
Common Equity to Total Capital
79.36% 80.88% 48.57% 90.11% 90.13% 90.08% 67.28% 67.13% 67.04% 68.21% 50.36%
Debt to EBITDA
1.42 1.46 -0.34 -0.01 0.00 -0.03 -20.55 53.27 16.81 21.78 17.13
Net Debt to EBITDA
-3.06 -3.64 189.75 138.80 72.53 46.42 -6.15 15.27 4.39 0.97 9.43
Long-Term Debt to EBITDA
0.91 0.87 -0.18 -0.01 0.00 0.00 -20.55 53.27 16.81 21.78 17.13
Debt to NOPAT
-7.20 -4.87 -0.40 -0.01 -0.01 -0.06 -17.31 -22.13 -18.62 -9.95 -26.17
Net Debt to NOPAT
15.57 12.14 223.09 181.67 129.69 85.24 -5.18 -6.34 -4.86 -0.44 -14.40
Long-Term Debt to NOPAT
-4.60 -2.89 -0.22 -0.01 -0.01 0.00 -17.31 -22.13 -18.62 -9.95 -26.17
Altman Z-Score
2.48 5.34 2.90 196.01 87.21 63.01 1.31 1.69 1.95 2.01 1.53
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 50.81% 9.87% 9.85% 9.84% 14.29% 10.46% 10.54% 10.22% 18.31%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
1.02 1.05 61.84 258.64 112.85 95.23 3.00 3.06 3.58 3.33 4.11
Quick Ratio
0.81 0.80 61.49 257.81 112.44 94.88 1.78 1.90 2.26 2.16 1.81
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
0.00 1.53 -0.24 -30 5.39 1.71 -11,000 -10,724 -10,605 -10,502 -4,876
Operating Cash Flow to CapEx
0.00% 603.91% -2,730.77% 0.00% 2,699,150.00% 25,002.74% -890.89% 705.98% 657.04% 313.78% -687.62%
Free Cash Flow to Firm to Interest Expense
0.00 76.47 0.00 0.00 0.00 0.00 -240.70 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
26.14 18.22 0.00 0.00 0.00 0.00 -3.81 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
26.91 15.20 0.00 0.00 0.00 0.00 -4.24 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
2.19 2.21 0.11 0.02 0.02 0.02 0.22 0.43 0.65 0.79 0.50
Accounts Receivable Turnover
14.22 14.25 19.87 21.50 20.06 17.04 2.47 5.96 11.92 15.03 5.90
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.84
Fixed Asset Turnover
89.37 82.62 106.86 114.77 125.96 108.43 0.00 13.49 19.86 25.93 0.00
Accounts Payable Turnover
5.92 7.26 7.66 9.25 6.31 6.22 2.13 5.64 12.77 11.19 5.13
Days Sales Outstanding (DSO)
25.67 25.61 18.37 16.98 18.19 21.42 147.92 61.24 30.61 24.29 61.90
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 95.17
Days Payable Outstanding (DPO)
61.63 50.26 47.63 39.45 57.87 58.73 171.02 64.71 28.58 32.62 71.15
Cash Conversion Cycle (CCC)
-35.97 -24.65 -29.26 -22.47 -39.68 -37.31 -23.11 -3.48 2.04 -8.34 85.92
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
3.30 3.15 1.68 6.69 -15 -18 10,888 10,749 10,541 10,307 15,735
Invested Capital Turnover
13.64 12.04 18.65 14.26 -9.38 -7.30 0.36 0.87 1.30 1.66 0.74
Increase / (Decrease) in Invested Capital
0.00 -1.38 -2.77 5.43 -19 -22 10,887 10,743 10,557 10,325 4,847
Enterprise Value (EV)
10 66 -423 1,918 1,940 964 13,202 14,822 14,900 14,959 18,945
Market Capitalization
15 70 48 6,457 6,510 5,544 11,172 12,838 13,009 13,760 12,531
Book Value per Share
$1.45 $1.43 $675.07 $11.10 $11.12 $11.14 $17.08 $13.01 $12.83 $12.85 $12.85
Tangible Book Value per Share
$0.28 $0.33 $667.04 $11.09 $11.11 $11.13 ($0.55) ($0.36) ($0.42) $0.39 ($1.78)
Total Capital
9.42 9.41 973 5,044 5,053 5,063 13,167 13,056 12,903 13,353 18,509
Total Debt
1.94 1.80 1.72 0.22 0.20 3.79 3,251 3,234 3,196 3,188 6,170
Total Long-Term Debt
1.24 1.07 0.94 0.22 0.20 0.16 3,251 3,234 3,196 3,188 6,170
Net Debt
-4.20 -4.48 -970 -5,037 -5,068 -5,078 973 927 834 142 3,396
Capital Expenditures (CapEx)
-0.04 0.06 0.04 0.00 0.00 0.15 20 30 28 23 32
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-5.17 -4.99 -6.51 -1.02 -24 -28 2,051 1,874 1,635 1,473 5,059
Debt-free Net Working Capital (DFNWC)
0.98 1.29 965 5,036 5,045 5,054 4,329 4,181 3,996 4,519 7,833
Net Working Capital (NWC)
0.27 0.56 964 5,036 5,045 5,050 4,329 4,181 3,996 4,519 7,833
Net Nonoperating Expense (NNE)
-2.73 0.01 -2.41 -42 -25 -29 -55 157 42 51 26
Net Nonoperating Obligations (NNO)
-4.18 -4.46 -970 -5,037 -5,068 -5,078 973 927 834 142 3,396
Total Depreciation and Amortization (D&A)
0.74 0.36 0.32 0.20 0.32 0.28 109 160 161 167 201
Debt-free, Cash-free Net Working Capital to Revenue
-11.49% -10.78% -11.40% -1.80% -42.20% -49.32% 105.29% 40.19% 23.89% 17.21% 51.11%
Debt-free Net Working Capital to Revenue
2.17% 2.78% 1,690.56% 8,874.91% 8,869.76% 9,034.01% 222.27% 89.66% 58.41% 52.80% 79.13%
Net Working Capital to Revenue
0.61% 1.20% 1,689.19% 8,874.91% 8,869.76% 9,027.53% 222.27% 89.66% 58.41% 52.80% 79.13%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 ($9.93) ($0.01) $0.06 ($0.03) ($0.15) ($0.24) ($0.15) ($0.35) ($0.14)
Adjusted Weighted Average Basic Shares Outstanding
5.17M 5.32M 664K 358.81M 204.00M 451.43M 564.70M 715.30M 613M 744.40M 767.30M
Adjusted Diluted Earnings per Share
$0.00 $0.00 ($9.93) ($0.01) $0.06 ($0.03) ($0.15) ($0.24) ($0.15) ($0.35) ($0.14)
Adjusted Weighted Average Diluted Shares Outstanding
5.17M 5.32M 664K 358.81M 204.00M 451.43M 564.70M 715.30M 613M 744.40M 767.30M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.06 $0.00 $0.00 $0.00 ($0.15) $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
5.32M 5.32M 409.43M 409.43M 409.43M 518.68M 673.56M 674.39M 708.55M 725.17M 1.04B
Normalized Net Operating Profit after Tax (NOPAT)
-1.39 0.15 -3.01 -25 -23 -20 -113 18 -49 -176 -29
Normalized NOPAT Margin
-26.89% 1.05% -20.76% -189.90% -156.77% -147.46% -5.95% 0.66% -2.22% -10.19% -0.91%
Pre Tax Income Margin
25.13% 1.44% -5.52% 177.86% 189.42% 127.83% -12.40% -0.38% -4.90% -16.20% -2.37%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
-35.09 11.35 0.00 0.00 0.00 0.00 -3.51 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
-32.56 7.55 0.00 0.00 0.00 0.00 -2.48 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
-34.31 8.33 0.00 0.00 0.00 0.00 -3.94 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
-31.79 4.53 0.00 0.00 0.00 0.00 -2.91 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% -856.79% 158.54% 177.52% 197.21% -362.44% -54.44% -37.51% -21.87% -28.12%
Augmented Payout Ratio
0.00% 0.00% -856.79% 158.54% 177.52% 197.21% -362.44% -54.44% -37.51% -21.87% -28.12%

Financials Breakdown Chart

Key Financial Trends

QXO’s financial profile has changed dramatically through acquisitions. Revenue increased from roughly $13 million per quarter in early 2025 to $3.25 billion in Q2 2026, compared with $1.73 billion in Q1 2026 and $1.91 billion in Q2 2025. However, historical comparisons are not fully comparable because the company has undergone major acquisitions and prior periods have been restated.

Q2 2026 showed meaningful sequential improvement in profitability. Gross profit rose to $803 million, producing a gross margin of approximately 24.7%, up from 23.7% in Q1. The operating loss narrowed sharply from $252 million to $42 million, while the net loss attributable to common shareholders improved from $227 million, or $0.35 per share, to $55 million, or $0.14 per share. QXO nevertheless remains unprofitable, and its retained earnings deficit reached $761 million.

Cash generation remains a concern. Operating cash flow was negative $217 million in Q2 2026 after being positive $71 million in Q1 and negative $174 million in Q2 2025. Investing cash outflows totaled approximately $2.0 billion, while reported financing inflows of $4.94 billion helped support liquidity. The balance sheet carried $6.04 billion of long-term debt and $130 million of lease obligations against $2.77 billion of cash, implying substantial net debt.

Liquidity is stronger at the current-asset level, with $10.35 billion of current assets versus $2.52 billion of current liabilities. However, nearly $10.6 billion of goodwill and intangible assets represented about 47% of total assets, increasing the importance of successful acquisition integration and creating potential impairment risk. The weighted-average share count also rose from 613 million in Q4 2025 to 767 million in Q2 2026, signaling significant dilution for existing shareholders.

  • Rapid revenue expansion: Q2 2026 revenue of $3.25 billion was approximately 88% above Q1 2026 and 70% above Q2 2025, reflecting the scale of QXO’s acquisition-driven expansion.
  • Improving operating performance: The operating loss narrowed to $42 million in Q2 from $252 million in Q1, while the gross margin improved to approximately 24.7%.
  • Strong current liquidity: QXO reported $10.35 billion of current assets against $2.52 billion of current liabilities, providing a sizable short-term asset cushion.
  • Large cash balance: Cash and equivalents stood at $2.77 billion at the end of Q2 2026, supporting continued integration and investment activity.
  • Acquisition-led transformation: Goodwill and intangible assets totaled approximately $10.6 billion, indicating that recent growth is heavily dependent on acquisitions and successful integration.
  • Reported financing inflows: Financing activities generated $4.94 billion in Q2 2026, but the size of the inflow suggests that capital structure changes and acquisition financing are important factors behind the cash position.
  • Negative operating cash flow: QXO used $216.6 million in operating cash during Q2 despite its improved revenue and operating results, signaling that earnings have not yet translated into cash generation.
  • High leverage: Long-term debt increased from $3.06 billion in Q1 to $6.04 billion in Q2, while total debt and lease obligations substantially exceeded the company’s cash balance.
  • Continued net losses: QXO posted a $55 million net loss in Q2, following losses of $227 million in Q1 2026 and $90 million in Q4 2025.
  • Shareholder dilution: Weighted-average basic shares outstanding increased to 767.3 million in Q2 from 744.4 million in Q1 and 613.0 million in Q4 2025, reducing per-share exposure to any future earnings recovery.
09/14/26 05:35 AM ETAI Generated. May Contain Errors.

QXO Financials - Frequently Asked Questions

According to the most recent income statement we have on file, QXO's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

QXO's net income appears to be on an upward trend, with a most recent value of -$279.40 million in 2025, falling from $374.31 thousand in 2015. The previous period was $28 million in 2024. See QXO's forecast for analyst expectations on what's next for the company.

QXO's total operating income in 2025 was -$245.20 million, based on the following breakdown:
  • Total Gross Profit: $1.57 billion
  • Total Operating Expenses: $1.82 billion

Over the last 10 years, QXO's total revenue changed from $27.64 million in 2015 to $6.84 billion in 2025, a change of 24,652.9%.

QXO's total liabilities were at $6.18 billion at the end of 2025, a 13,512.3% increase from 2024, and a 89,113.2% increase since 2015.

In the past 10 years, QXO's cash and equivalents has ranged from $1.19 million in 2015 to $5.07 billion in 2024, and is currently $2.36 billion as of their latest financial filing in 2025.

Over the last 10 years, QXO's book value per share changed from 0.36 in 2015 to 12.83 in 2025, a change of 3,445.2%.



Financial statements for NYSE:QXO last updated on 8/14/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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