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QXO (QXO) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NYSE•Industrials•Industrial Distribution
C
AverageMetricSide Score: 50/100
ProfitabilityProfit0/30
GrowthGrowth15/25
Balance SheetBalance23/25
Cash QualityCash12/20
Price & Volume
Market Cap $12.07B

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.

Moat Signals

Competitive analysis based on 59 quarters of fundamental data

Pricing Power

Weak Moat

Operating margins are under pressure, averaging -103.4%. The business may lack pricing power or face rising costs.'

Competitive Advantage

Weak Moat

ROE is low or negative, suggesting limited competitive advantage or capital allocation challenges.

Cash Generation

Moderate Moat

6 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.

Demand Durability

Moderate Moat

Revenue shows resilience with 5 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.

Risk Signals

Data-driven red flags and warnings across 59 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Leverage Risk

Watch

Debt-to-equity has risen 42070.7% recently — increasing financial risk even if the current ratio is manageable.

Revenue Decline

Healthy

Revenue is stable or growing over recent quarters — demand appears durable.

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Share Dilution

Red Flag

Shares outstanding increased 112008.4% — significant dilution, likely from stock compensation or capital raises.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$8.56B
15198.6%
Q. Revenue
$1.73B
TTM EBITDA
$-302.37M
176.5%
TTM Op. Income
$-457.81M
314.3%
Q. Op. Income
$-251.90M
TTM Net Income
$-515.25M
1508.3%
Q. Net Income
$-227.10M
EPS
$-0.35
Shares Out.
$744.40M
64.9%
$8.56B in TTM revenue grew 15198.6% YoY, reaching $1.73B last quarter. TTM EBITDA of $-302.37M and TTM operating income of $-457.81M shows growth is flowing through. However, net income is negative at $515.25M — growth is not yet reaching the bottom line. Revenue is growing at a healthy pace — a signal to hold.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
23.7%
40.7%
EBITDA Margin
-11.8%
Op. Margin
-14.6%
95.0%
Net Margin
-13.1%
120.3%
Op. margin of -14.6% is up 276.3% YoY — cost efficiency is improving. Net margin at -13.1% and gross margin of 23.7% — earnings take a bigger bite when COGS stays lean..

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
N/A
P/S Ratio
1.4x
P/B Ratio
1.2x
P/S of 1.4x and P/B of 1.2x. A low P/S may indicate the stock is undervalued.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$16.66B
Cash
$3.05B
Long-Term Debt
$3.06B
Book Value
$10.16B
D/E Ratio
0.3
Debt/EBITDA
N/A
With $16.66B in assets and $3.06B in long-term debt, the D/E of 0.3and book value of $10.16B — shows a conservative capital structure — the company has a strong financial cushion to weather downturns.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$70.60M
Free Cash Flow
$48.10M
32.3%
FCF Margin
0.6%
FCF / Net Income
-0.2
FCF of $48.10M on $70.60M in operating cash flow. The FCF / Net Income ratio of -0.1x shows cash consumption — the business is not yet self-funding.

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