QXO
QXO, Inc.
QXO lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve, though they disagree widely on how much.
QXO Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Stable | |
| Healthy |
QXO's revenue and balance sheet are currently healthy, and its cash flow is stable, but its profitability is under pressure.
QXO PE Valuation
QXO has no meaningful PE right now: it lost money over the past year.
QXO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for QXO, with profitability improving. However, they disagree widely on these estimates.
QXO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.45 | — |
| Q3 2024 | -$9.11 | -$6.96 |
| Q2 2024 | -$12.30 | -1619% |
| Q1 2024 | -$1.81 | -2111% |
| Q4 2023 | -$1.60 | -$1.20 |
| Q3 2023 | -$2.15 | -$1.05 |
| Q2 2023 | $0.81 | +$2.07 |
| Q1 2023 | $0.09 | +$0.95 |
| Q4 2022 | -$0.40 | -$0.16 |
QXO is still losing money, but far less than before: $0.94 per share over the past year, against $12.30 at its worst in mid-2024.
QXO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $3.2B | +70% |
| Q1 2026 | $1.7B | +12709% |
| Q4 2025 | $2.2B | +14782% |
| Q3 2025 | $2.7B | +20640% |
| Q2 2025 | $1.9B | +13011% |
| Q1 2025 | $13.5M | -6.4% |
| Q4 2024 | $14.7M | +0.2% |
| Q3 2024 | $13.2M | -2% |
QXO's revenue has grown year over year for five quarters in a row: $3.2B last quarter, up 70% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -1.3% | +7.2 points |
| Q1 2026 | -15% | +276 points |
| Q4 2025 | -3.2% | +221 points |
| Q3 2025 | 0.9% | +258 points |
| Q2 2025 | -8.5% | +21 points |
| Q1 2025 | -291% | -292 points |
| Q4 2024 | -225% | -227 points |
| Q3 2024 | -257% | -260 points |
QXO's operating margin was −1.3% last quarter, up 7.2 points from the same quarter a year ago.
QXO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$248.1M | -$54.3M |
| Q1 2026 | $48.1M | +32% |
| Q4 2025 | $158.2M | +193% |
| Q3 2025 | $182.4M | +477% |
| Q2 2025 | -$193.8M | -$192.7M |
| Q1 2025 | $36.4M | +11821% |
| Q4 2024 | $53.9M | +$54.2M |
| Q3 2024 | $31.6M | +2798% |
QXO's free cash flow has turned positive again: $141M over the past year, against −$72M the year before.
QXO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.1% | +22.9M shares |
| 1 year | +36% | +203M shares |
| 3 years | +116685% | +767M shares |
| 5 years | +128677% | +767M shares |
| Available history | +136286% | +767M shares |
QXO has 767M diluted shares, up 36% from a year ago.
QXO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2024 | -2.6x | Net Cash |
| Q4 2023 | -2.2x | Net Cash |
| Q3 2023 | -4.3x | Net Cash |
| Q2 2023 | -6.7x | Net Cash |
| Q1 2023 | -14.8x | Net Cash |
| Q4 2022 | -4,464.7x | Net Cash |
| Q4 2021 | -51.6x | Net Cash |
| Q3 2021 | -5.1x | Net Cash |
QXO has more cash than debt.
QXO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.0 | Neutral |
| Stochastic | 28.7 | Neutral |
QXO's weekly RSI is 45 (neutral) and its Stochastic is 29 (neutral).
QXO PE vs Industrials Sector
| Metric | QXO | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
QXO has no meaningful PE right now: it lost money over the past year.
QXO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $11.5 | 11% above |
| 20 week MA | $13.0 | 1.3% below |
| 50 week MA | $17.7 | 27% below |
| 100 week MA | $17.4 | 26% below |
| 200 week MA | $34.9 | 63% below |
QXO has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 63% below its 200-week average.
QXO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $32.0 | $24.1 | -25% |
| 2021 | $24.1 | $36.5 | +51% |
| 2022 | $36.5 | $23.7 | -35% |
| 2023 | $23.7 | $136.9 | +478% |
| 2024 | $136.9 | $15.6 | -89% |
| 2025 | $15.6 | $21.2 | +37% |
| 2026 YTD | $21.2 | $12.8 | -40% |
QXO's yearly returns have swung widely, from +478% in 2023 to −89% in 2024. It's down 40% so far in 2026.