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QXO, Inc.(QXO)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
3-STAR RATING
PASS
LAST CLOSE
$12.78
09/22/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Advisory Performance History (Simulated)Advisory Performance History info

Upturn Advisory & Investor View for QXO

09/22/2026: QXO (3-star) is currently NOT-A-BUY. Pass it for now.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Choppy
PRICE STABILITY

Choppy

The stock has experienced frequent reversals and pronounced short-term price swings.

Analysis of Past Performance

Type Stock
Historic Profit 274.55%
Avg. Invested days 29
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 5.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/22/2026

Upturn Scorecard

Upturn Star Rating

QXO receives a 3-star rating, supported by solid analyst coverage. The rating is constrained by weak unit economics, and weak price momentum.

Company Fundamentals

QXO has moderate overall fundamentals (3 stars), with moderate financial health, solid growth momentum, and solid ownership. In FY2025 versus FY2024, strong revenue growth (+11930.7%) is partially offset by negative earnings growth (-1099.0%), soft cash generation (FCF margin 2.7%), soft profitability (net margin -4.1%).

Financial Health Rating

QXO's financial health is supported by solid liquidity, including working-capital and asset support (WC/assets 25.2%). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

Revenue growth is QXO's strongest growth driver at +11930.7% FY2025 versus FY2024 (strong, 5 stars). By comparison, free-cash-flow growth (+116.1%, strong) is also strong, while earnings growth (-1099.0%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

Institutional ownership is 89.4% and approximately 99.8% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.22%, which materially reduces the ownership score.

Top 5 Institutional Investors

Morgan Stanley - Brokerage Accounts 7.19%
Orbis Allan Gray Ltd 7.13%
Baillie Gifford & Co Limited. 4.61%
Amvescap Plc. 3.68%
Affinity Partners GP LP 3.15%

Unit Economics (Per $1K Revenue)

QXO generates approximately $168 of gross profit, $-8 of operating income, and $27 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

Effective Tax Rate: 17.12%

Quantitative Style Profile

QXO has a large-cap, liquid profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

High VolatilityLarge / Mega Cap StabilityShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 13.26B USD
Price to earnings Ratio -
1Y Target Price 29.11
Price to earnings Ratio -
1Y Target Price 29.11
Volume (30-day avg) 16.6M shares
Beta 2.29
52 Weeks Range 11.14 - 27.61
Updated Date 09/23/2026
52 Weeks Range 11.14 - 27.61
Updated Date 09/23/2026
Dividends yield (FY) -
Basic EPS (TTM) -0.92

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Valuation

Trailing PE -
Forward PE 17.79
Enterprise Value 17.98B
Price to Sales(TTM) 1.34
Enterprise Value 17.98B
Price to Sales(TTM) 1.34
Enterprise Value to Revenue 1.82
Enterprise Value to EBITDA 40.44
Shares Outstanding 1.04B
Shares Floating 1.03B
Shares Outstanding 1.04B
Shares Floating 1.03B
Percent Insiders 0.22
Percent Institutions 89.42

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About QXO, Inc.

Exchange NYSE
Headquarters Greenwich, CT, United States
IPO Launch date 2012-03-15
CEO & Chairman Mr. Bradley S. Jacobs
Sector Industrials
Industry Industrial Distribution
Full time employees 7794
Full time employees 7794

QXO, Inc. distributes roofing, waterproofing and complementary building products in the United States and Canada. It offers roofing and siding materials for residential construction, such as asphalt shingles, metal roofing, wood roofing, tile roofing, slate roofing, roofing accessories, and roofing insulation; and siding materials, including vinyl siding aluminum siding, steel siding, fiber cement siding, wood and composite siding, trim and accessories, and gutters and accessories. The company also provides commercial roofing and siding products built-up roofing, modified roofing, EPDM roofing, PVC roofing, low-slope metal roofing TPO roofing, and commercial accessories; commercial waterproofing, concrete restoration and parking, public works, DOT and industrial, fire protection, wall systems, and safety and tools, as well as glass, glazing, and fenestration. In addition, it offers building materials; exterior and interior materials; and tools and equipment. The company provides its products under Atlas, Carlisle, CertainTeed, Elevate, Exterior Portfolio, GAF, IKO, James Hardie, LP SmartSide, Owens Corning, Royal, Tamko, TRI-BUILT, and Velux brands. It serves professional contractors, home builders, building owners, lumberyards, and retailers. The company was formerly known as SilverSun Technologies, Inc. and changed its name to QXO, Inc. in June 2024. QXO, Inc. is headquartered in Greenwich, Connecticut.