QXO-PBNYSEWholesale-Lumber & Other Construction MaterialsUS GAAP · USD

QXO, Inc.

QXO, Inc. is a U.S.-based holding company that has transitioned into building products distribution through its wholly owned subsidiary QXO Building Products, Inc. The business distributes roofing, waterproofing, and complementary exterior building materials to contractors and other customers across the United States and Canada.

Kysy yhtiöstä
Liikevaihto6 842milj. USD
+11 925,0 %v/v
Liikevoitto (EBIT)−245milj. USD
−245,4 %v/v
EBIT-marginaali−3,6%
+121,2 %-yks.v/v
Nettotulos−279milj. USD
−1 097,9 %v/v
Vapaa kassavirta261milj. USD
+208,6 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−2 00002 0004 0006 0008 000milj. USD2020: 41 milj. USD2020: EBIT 0,22 milj. USD20202021: 42 milj. USD2021: EBIT −0,23 milj. USD20212022: 45 milj. USD2022: EBIT −0,39 milj. USD20222023: 55 milj. USD2023: EBIT −1,3 milj. USD20232024: 57 milj. USD2024: EBIT −71 milj. USD20242025: 6 842 milj. USD2025: EBIT −245 milj. USD20256 842−245
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Residential roofing40 %

Shingles and related roofing materials sold for home repair and reroofing.

Commercial roofing25 %

Membranes, insulation, and accessories used in non-residential roofing projects.

Complementary building products25 %

Siding, waterproofing, plywood/OSB, windows, and doors sold alongside roofing.

Private-label products5 %

TRI-BUILT® branded products offering a lower-cost alternative for customers.

Services and support5 %

Training, technical support, and project guidance provided by the sales force.

Tuotteet

Raportoitu · osuus liikevaihdosta
73,2%26,8%FY2024100 %
  • Services73,2 %
  • Products26,8 %

Lähde: 10-K FY2024, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

QXO sells primarily to residential and non-residential contractors that need a broad assortment of exterior building materials, fast fulfillment, and job-specific product advice. The company also serves customers buying complementary products for repair, replacement, and new construction projects, where availability and delivery matter as much as price.

Residential roofing contractors

Buy asphalt shingles and related materials for reroofing and repair work.

Commercial roofing contractors

Buy membranes, insulation, and accessories for non-residential roof systems.

Builders and remodelers

Buy complementary products such as siding, windows, doors, and OSB.

Non-residential maintenance customers

Buy materials for ongoing repair and refurbishment of older structures.

Regional and local contractors

Use branch inventory, delivery, and credit services to support project execution.

Strategia

QXO’s stated strategy is to build a tech-enabled platform in building products distribution, using scale, branch coverage, and digital capabilities to win share in a fragmented market. The company also emphasizes acquisition-led expansion alongside organic growth, with the Beacon acquisition serving as the initial operating platform for that plan.

Scale the distribution platformKeskipitkä aikaväli

Larger scale improves purchasing power, service breadth, and market reach.

Pursue acquisition-led consolidationKeskipitkä aikaväli

The market is fragmented, creating room to add distributors and expand coverage.

Increase technology and digital capabilitiesPitkä aikaväli

Digital tools and better systems can improve ordering, service, and customer retention.

Expand complementary product mixKeskipitkä aikaväli

Broader product assortment increases wallet share and cross-sell opportunities.

Maantiede

QXO operates through a North American branch network, with approximately 600 branches across all 50 U.S. states and seven Canadian provinces. The business is concentrated in the United States and Canada, where roofing and exterior building materials are distributed close to end markets to support delivery speed and local contractor relationships.

Riskit

QXO is exposed to supply-chain dependence, customer retention risk after acquisitions, and heavy leverage from the Beacon transaction. Its results also depend on weather, construction cycles, and the ability to integrate a much larger operating footprint while maintaining service levels and vendor relationships.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Product supply and vendor dependence1Leverage and debt service2Information technology and cybersecurity3Seasonality and weather dependence5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Product supply and vendor dependenceVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The company must source a wide range of branded materials from manufacturers.

    KohdistuuLost revenueLower marginsWeaker customer relationships if supply is constrained
  2. Leverage and debt serviceVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The Beacon acquisition added substantial indebtedness to the capital structure.

    Kohdistuu: Reduced financial flexibility and higher sensitivity to cash flow swings

  3. Information technology and cybersecurityVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Branch operations, inventory, and customer service depend on functioning systems.

    KohdistuuDisruption to orderingCollectionsCost controlExecution
  4. Acquisition integration and retentionVaikutus: Korkea

    The business has expanded through a major acquisition and must retain customers, suppliers, and employees.

    KohdistuuOperational disruptionDelayed decisionsOr relationship losses after the transaction
  5. Seasonality and weather dependenceVaikutus: KeskitasoTodennäköisyys: Matala

    Exterior building materials demand is tied to construction cycles and weather patterns.

    KohdistuuQuarterly volatilityEspecially weaker first-quarter activity

Kirjanpito

Harkinnanvaraiset erät
Acquisition accounting and goodwill

The Beacon transaction creates significant acquired assets and goodwill that may later be tested for impairment.

Vaikutus: Can affect reported equity, amortization, and impairment charges

Debt extinguishment and financing costs

Large borrowings and prepayments can create one-time gains or losses in non-operating income.

Vaikutus: Can materially affect net income and comparability

Seasonality in revenue and margins

Construction and reroofing activity peaks in warmer quarters and slows in winter.

Vaikutus: Quarterly results may not reflect underlying annual demand

Allowance for credit losses and inventory reserves

The company extends trade credit and holds large inventories across branches.

Vaikutus: Affects receivables, inventory carrying values, and operating results

Deferred tax assets and valuation allowance

Realization depends on future taxable income after the acquisition and financing structure.

Vaikutus: Can change reported tax expense and balance sheet assets

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Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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Päivitetty: 24.9.2026