QXO
Distributor and installer of roofing, insulation, waterproofing, lumber, and related building materials.
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Profile
Distributes roofing, waterproofing, lumber, trusses, and complementary building materials, and installs insulation across North America. Revenue comes from residential and non-residential construction, repair, and remodeling customers; the current platform was assembled through the Beacon, Kodiak, and TopBuild acquisitions, whose integration and technology modernization shape execution.
Distributes roofing, waterproofing, lumber, trusses, and complementary building materials, while also distributing and installing insulation across North America. The platform serves residential and non-residential construction, repair, and remodeling markets.
Combines centralized purchasing with local branch inventory and delivery, supported by digital account tools and private-label products inherited from Beacon. The operating scope now spans the United States and Canada after the Beacon, Kodiak, and TopBuild acquisitions.
Growth depends on integrating those acquisitions and executing technology modernization across businesses added in rapid succession. Demand remains tied to construction and remodeling activity, while purchasing scale coexists with reliance on key suppliers. Published financial periods and workforce data do not yet reflect the complete post-TopBuild perimeter.
Company facts
Key statistics
Year to date −31.5% · Average volume (30d) 17.7M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 24, 2026 | D.A. Davidson | Target | $26 | ||
| Jul 28, 2026 | Wells Fargo | Target | $30 | $18 | |
| May 14, 2026 | Stephens | Target | $29 | $26 | |
| May 13, 2026 | Robert W. Baird | Target | $30 | ||
| Apr 27, 2026 | Oppenheimer | Reiterate | Outperform | $30 | $32 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 13, 2026Q2 FY26 | $0.08 | $0.08 | +1.7% | $3.18B | $3.25B | +2.1% | −2.55% |
| May 12, 2026Q1 FY26 | −$0.09 | −$0.12 | −33.3% | $1.73B | $1.73B | +0.1% | −4.06% |
| Feb 25, 2026Q4 FY25 | $0.02 | $0.02 | +1.9% | $2.19B | $2.19B | +0.3% | −1.32% |
| Nov 6, 2025Q3 FY25 | $0.12 | $0.14 | +16.7% | $2.19B | $2.73B | +24.5% | +6.51% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $13.5M | $1.91B | $2.73B | $2.19B | $1.73B | $3.25B | |
| Gross profit | $5.1M | $294.7M | $478.3M | $371.6M | $245.1M | $803.0M | |
| Operating income | −$39.3M | −$162.1M | $60.5M | −$38.6M | −$204.9M | −$42.0M | |
| Net income | $8.8M | −$58.5M | −$139.4M | −$90.2M | −$227.1M | −$55.0M | |
| Diluted EPS | −$0.03 | −$0.15 | −$0.24 | −$0.17 | −$0.35 | −$0.07 | |
| Gross margin | 38.0% | 15.5% | 17.5% | 16.9% | 14.2% | 24.7% | |
| Operating margin | -290.8% | -8.5% | 2.2% | -1.8% | -11.8% | -1.3% |
Fiscal years (4-quarter sums)FY21 $41.7M · FY22 $45.0M · FY23 $54.5M · FY24 $56.8M · FY25 $6.84B
Revenue by product · Q1 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $2.77B · Total debt $7.04B · Total assets $22.67B · Shareholders' equity $10.38B
Dividends
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 5, 2024 | Jun 5 | Jun 12 | $3.2734 | special dividend |
| Aug 17, 2023 | Aug 18 | Aug 25 | $0.20 | special dividend |
Ownership
Shares outstanding 1.04B · Float 942.88M · 90.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Bradley S. Jacobs | 395.60M | 35.90% | 13D | Apr 20, 2026 |
| Morgan Stanley | 86.50M | 8.34% | 13F | Aug 13, 2026 |
| Orbis Allan Gray Ltd | 73.95M | 7.13% | 13F | Aug 14, 2026 |
| Orbis Investment Management Ltd | 72.70M | 10.20% | 13G | May 15, 2026 |
| Baillie Gifford & Co | 47.87M | 6.60% | 13G | Aug 3, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Home Depot
Direct roofing-distribution rivalry through SRS Distribution
- Builders FirstSource
Broad rivalry in lumber, components, and builder services
- Installed Building Products
Head-to-head insulation and complementary-product installation
- Boise Cascade
Nationwide overlap in lumber and engineered-wood distribution
- BlueLinx
Wholesale overlap in structural and specialty building products
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| QXO | $13.53 | +0.16% | $14.03B | — | 28.6 | 1.4 | +70.3% |
| Home Depot | $330.25 | +0.05% | $329.24B | 23.1 | 21.4 | 1.9 | +5.7% |
| Builders FirstSource | $67.72 | +0.06% | $7.29B | 74.4 | 18.5 | 0.5 | −8.8% |
| Installed Building Products | $245.56 | −0.06% | $6.62B | 26.4 | 22.7 | 2.2 | +2.3% |
| Boise Cascade | $78.75 | 0.00% | $2.77B | 26.7 | 17.9 | 0.4 | +5.2% |
| BlueLinx | $79.42 | +0.05% | $618.1M | — | 42.3 | 0.2 | +4.4% |
| Median | 26.6 | 21.4 | 0.5 | +4.4% |