QXO, Inc. (QXO) Key Metrics
QXO valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $11.27B
- Enterprise value
- $18.06B
- P/E (TTM)
- —
- Forward P/E
- 19.2
- PEG ratio
- 0.96
- Price / sales
- 1.1 10-yr median 183.3
- Price / book
- 1.4 10-yr median 400.9
- EV / EBITDA
- 40.6
- Dividend yield
- —
- Beta
- 2.28
QXO key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsQXO valuation Price multiples at each fiscal year-end price.
Price / sales−98.5%
1.7
2025 · hover or tap a bar for each year
20162025
Price / book−5.1%
1.2
2025 · hover or tap a bar for each year
20162025
EV / EBITDA+88.9%
51.6
2025 · hover or tap a bar for each year
20162025
Price / free cash flow−15.6%
64.5
2025 · hover or tap a bar for each year
20162025
Free cash flow yield+0.2 pts
1.5%
2025 · hover or tap a bar for each year
20162025
QXO returns How much profit the business earns on the capital it uses.
Return on equity−4.9 pts
−3.8%
2025 · hover or tap a bar for each year
20162025
Return on invested capital
−0.8%
2025 · hover or tap a bar for each year
20162025
Return on assets−3.8 pts
−2.7%
2025 · hover or tap a bar for each year
20162025
Free cash flow margin−146.4 pts
2.7%
2025 · hover or tap a bar for each year
20162025
Asset turnover+2,834.5%
0.65
2025 · hover or tap a bar for each year
20162025
QXO per-share figures Results divided by the shares outstanding at year-end.
Revenue per share+7,907.3%
$11.16
2025 · hover or tap a bar for each year
20162025
Earnings per share
−$0.46
2025 · hover or tap a bar for each year
20162025
Free cash flow per share+43.8%
$0.30
2025 · hover or tap a bar for each year
20162025
Book value per share+27.9%
$15.83
2025 · hover or tap a bar for each year
20162025
Dividends per share+40.5%
$0.17
2025 · hover or tap a bar for each year
20162025
Shares outstanding+50.2%
613.0M
2025 · hover or tap a bar for each year
20162025
QXO financial health Debt, liquidity and how easily interest is covered.
Debt / equity+353,054.7%
0.40
2025 · hover or tap a bar for each year
20162025
Net debt+$6.6B
$1.55B
2025 · hover or tap a bar for each year
20162025
Net debt / EBITDA+103.46
5.98
2025 · hover or tap a bar for each year
20162025
Current ratio−96.8%
3.58
2025 · hover or tap a bar for each year
20162025
Interest coverage
-0.3
2025 · hover or tap a bar for each year
20162025
Debt / assets+217,607.1%
0.25
2025 · hover or tap a bar for each year
20162025
QXO efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding−11 days
43 days
2025 · hover or tap a bar for each year
20162025
Days of inventory
48 days
2025 · hover or tap a bar for each year
20162025
Days payables outstanding−31 days
26 days
2025 · hover or tap a bar for each year
20162025
Cash conversion cycle+69 days
65 days
2025 · hover or tap a bar for each year
20162025
Capex / revenue+1.0 pts
1.1%
2025 · hover or tap a bar for each year
20162025
Dividends + buybacks / FCF−1.4 pts
57.2%
2025 · hover or tap a bar for each year
20162025
QXO valuation history
Fiscal year-endToday10-year median
QXO returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
QXO debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
QXO cash returned to shareholders
DividendsBuybacksFree cash flow
QXO price vs earnings per share
Share price at year-endEPS (right axis)
QXO key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $11.82B | $6.49B | $45.00B | $7.65B | $11.23B | $6.44B | $9.79B | $5.22B | $9.49B | $6.71B |
| Enterprise value | $13.38B | $1.42B | $44.99B | $7.64B | $11.23B | $6.43B | $9.78B | $5.22B | $9.49B | $6.71B |
| P/E ratio | — | 231.9 | — | — | — | — | — | — | — | — |
| Price / sales | 1.7 | 114.1 | 825.4 | 170.0 | 269.4 | 156.2 | 254.3 | 144.6 | 272.4 | 196.7 |
| Price / book | 1.2 | 1.3 | — | 800.6 | — | 884.2 | — | — | — | — |
| Price / free cash flow | 64.5 | 76.5 | — | — | — | — | — | — | — | — |
| Price / operating cash flow | 45.2 | 76.4 | — | — | — | — | — | — | — | — |
| EV / sales | 2.0 | 25.0 | 825.3 | 169.9 | 269.3 | 156.1 | 254.1 | 144.6 | 272.4 | 196.6 |
| EV / EBITDA | 51.6 | 27.3 | — | — | — | — | — | — | — | — |
| EV / free cash flow | 73.0 | 16.7 | — | — | — | — | — | — | — | — |
| Earnings yield | −2.4% | 0.4% | −0.0% | −0.0% | −0.0% | 0.0% | 0.1% | 0.0% | −0.0% | 0.1% |
| Free cash flow yield | 1.5% | 1.3% | 0.0% | 0.0% | 0.0% | 0.0% | −0.0% | 0.0% | 0.0% | 0.0% |
| Dividend yield | 0.9% | 0.8% | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% | — | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 0.9% | 0.8% | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% |
| Share price at fiscal year-end | $19.29 | $15.90 | $136.88 | $23.68 | $35.76 | $22.88 | $34.80 | $18.56 | $33.84 | $24.00 |
| Per share | ||||||||||
| Revenue per share | $11.16 | $0.14 | $0.17 | $0.14 | $0.13 | $0.15 | $0.14 | $0.13 | $0.12 | $0.12 |
| Earnings per share | −$0.46 | $0.07 | −$0.00 | −$0.00 | −$0.00 | $0.00 | $0.02 | $0.00 | −$0.00 | $0.01 |
| Operating cash flow per share | $0.43 | $0.21 | $0.00 | $0.01 | $0.00 | $0.01 | −$0.00 | $0.00 | $0.01 | $0.01 |
| Free cash flow per share | $0.30 | $0.21 | $0.00 | $0.01 | $0.00 | $0.01 | −$0.00 | $0.00 | $0.01 | $0.00 |
| Cash per share | $3.85 | $12.42 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.01 | $0.01 | $0.01 |
| Book value per share | $15.83 | $12.38 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 |
| Tangible book value per share | $1.27 | $12.37 | $0.00 | $0.01 | $0.02 | $0.01 | $0.02 | $0.00 | $0.00 | $0.01 |
| Dividends per share | $0.17 | $0.12 | $0.00 | $0.00 | $0.01 | $0.01 | $0.00 | — | $0.00 | $0.00 |
| Capex per share | $0.13 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Debt per share | $6.39 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 |
| Shares outstanding | 613.0M | 408.0M | 328.7M | 322.9M | 314.2M | 281.3M | 281.3M | 281.2M | 280.6M | 279.6M |
| Change in shares outstanding | +50.2% | +24.1% | +1.8% | +2.8% | +11.7% | +0.0% | +0.0% | +0.2% | +0.3% | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −3.8% | 1.1% | −12.6% | −3.0% | −1.6% | 2.2% | 102.7% | 6.1% | −10.6% | 105.3% |
| Return on invested capital (ROIC) | −0.8% | — | −26.3% | −6.9% | −2.7% | 5.7% | −45.7% | −27.1% | 13.5% | 41.3% |
| Return on assets (ROA) | −2.7% | 1.1% | −5.1% | −1.4% | −0.8% | 1.0% | 44.3% | 2.4% | −4.6% | 35.9% |
| Return on tangible assets | −4.0% | 0.5% | −7.4% | −1.8% | −1.0% | 1.5% | 44.0% | 3.3% | −6.6% | 43.9% |
| Free cash flow margin | 2.7% | 149.1% | 0.8% | 4.4% | 0.3% | 3.9% | −1.4% | 2.5% | 4.5% | 3.8% |
| Income quality (OCF / net income) | — | 3.03 | — | — | — | 9.84 | −0.06 | 4.93 | — | 0.52 |
| Financial health | ||||||||||
| Total debt | $3.91B | $577,000 | $2.6M | $2.4M | $2.3M | $3.0M | $2.2M | $1.7M | $649,529 | $947,991 |
| Cash & short-term investments | $2.36B | $5.07B | $6.1M | $8.0M | $6.8M | $6.6M | $8.7M | $1.9M | $2.2M | $1.6M |
| Net debt | $1.55B | −$5.07B | −$3.5M | −$5.6M | −$4.5M | −$3.6M | −$6.4M | −$210,153 | −$1.6M | −$673,058 |
| Debt / equity | 0.40 | 0.00 | 0.35 | 0.25 | 0.24 | 0.42 | 0.25 | 0.39 | 0.15 | 0.19 |
| Debt / assets | 0.25 | 0.00 | 0.13 | 0.11 | 0.13 | 0.19 | 0.12 | 0.14 | 0.06 | 0.09 |
| Net debt / EBITDA | 5.98 | −97.47 | — | −4.09 | −3.05 | −2.62 | — | — | −1.02 | −0.34 |
| Current ratio | 3.58 | 112.85 | 1.02 | 1.27 | 1.45 | 1.28 | 1.50 | 0.78 | 0.92 | 0.96 |
| Quick ratio | 2.61 | 112.85 | 1.02 | 1.27 | 1.45 | 1.28 | 1.50 | 0.78 | 0.92 | 0.96 |
| Interest coverage | -0.3 | — | -23.6 | -4.3 | -4.9 | 16.4 | -47.9 | -27.9 | 29.6 | 19.6 |
| Working capital | $4.00B | $5.04B | $272,000 | $2.9M | $3.3M | $1.9M | $4.3M | −$1.3M | −$441,685 | −$192,901 |
| Invested capital | $11.26B | −$15.0M | $3.9M | $3.9M | $4.8M | $3.7M | $2.5M | $4.1M | $2.6M | $4.3M |
| Tangible asset value | $776.4M | $5.05B | $1.4M | $4.1M | $4.9M | $3.1M | $5.4M | $532,793 | $1.2M | $2.1M |
| Net current asset value | −$634.2M | $5.04B | −$1.2M | $1.8M | $2.1M | $7,134 | $2.9M | −$2.5M | −$781,180 | −$771,186 |
| Graham number | — | $4.37 | — | — | — | $0.02 | $0.13 | $0.02 | — | $0.07 |
| Graham net-net per share | −$3.05 | $12.34 | −$0.01 | −$0.01 | −$0.00 | −$0.00 | $0.01 | −$0.01 | −$0.01 | −$0.01 |
| Capital allocation | ||||||||||
| Dividends paid | $104.8M | $49.6M | $1.1M | $0 | $3.1M | $4.1M | $225,038 | — | $359,014 | $264,699 |
| Share buybacks (net) | $0 | $0 | — | $0 | — | $0 | $0 | $3,661 | — | — |
| Dividend payout ratio | — | 177.5% | — | — | — | — | 3.3% | — | — | 7.7% |
| Dividends + buybacks / free cash flow | 57.2% | 58.6% | 227.0% | 0.0% | — | 252.5% | — | 0.4% | 23.1% | 20.4% |
| Capex / revenue | 1.1% | 0.2% | 0.2% | 0.1% | 0.3% | 0.3% | 0.4% | 1.1% | 2.2% | 1.5% |
| Capex / operating cash flow | 29.9% | 0.1% | 20.7% | 1.9% | 50.8% | 7.2% | — | 30.7% | 32.7% | 27.7% |
| Capex / depreciation | 0.18 | 0.09 | 0.12 | 0.02 | 0.08 | 0.11 | 0.16 | 0.61 | 1.22 | 0.73 |
| Stock-based compensation / revenue | 2.1% | 60.7% | 0.1% | 0.4% | 1.1% | 0.0% | 0.0% | 0.2% | 0.3% | 0.1% |
| SG&A / revenue | 20.4% | 158.6% | 35.1% | 38.7% | 39.7% | 38.0% | 40.6% | 39.8% | 35.3% | 31.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 43.1 | 53.8 | 18.6 | 19.5 | 16.8 | 24.3 | 28.1 | 24.4 | 30.0 | 33.1 |
| Days of inventory on hand | 48.0 | — | -0.0 | — | 0.0 | — | — | — | — | — |
| Days payables outstanding | 26.5 | 57.8 | 43.5 | 35.9 | 29.2 | 30.3 | 32.5 | 32.9 | 33.1 | 28.2 |
| Cash conversion cycle (days) | 64.7 | -4.1 | -24.8 | -16.3 | -12.3 | -5.9 | -4.4 | -8.4 | -3.1 | 4.8 |
| Receivables turnover | 8.46 | 6.79 | 19.58 | 18.70 | 21.70 | 15.00 | 12.99 | 14.94 | 12.17 | 11.04 |
| Payables turnover | 13.80 | 6.31 | 8.40 | 10.18 | 12.52 | 12.06 | 11.24 | 11.11 | 11.03 | 12.93 |
| Inventory turnover | 7.60 | — | — | — | 24,493,322.00 | — | — | — | — | — |
| Asset turnover | 0.65 | 0.02 | 2.60 | 2.28 | 2.46 | 2.37 | 2.51 | 3.26 | 3.31 | 3.56 |
| Average receivables | $808.7M | $8.4M | $2.8M | $2.4M | $1.9M | $2.7M | $3.0M | $2.4M | $2.9M | $3.1M |
| Average payables | $412.6M | $5.4M | $3.9M | $2.7M | $2.0M | $2.0M | $2.1M | $2.1M | $2.0M | $1.7M |
| Average inventory | $748.6M | −$168 | −$337 | — | $1 | — | — | — | — | — |
| Intangibles / total assets | 56.2% | 0.1% | 29.6% | 25.2% | 25.0% | 26.0% | 18.5% | 32.4% | 29.2% | 26.6% |
Computed from QXO's annual financial statements (latest annual report filed February 27, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
QXO valuation and financial ratios
QXO earned a return on equity of −3.8% and a return on invested capital of −0.8% in fiscal 2025. It ended the year with $3.9 billion of debt and $2.4 billion in cash and short-term investments, net debt of $1.6 billion. It returned $104.8 million to shareholders: $104.8 million in dividends and $0 in share buybacks, 57% of free cash flow. The share count rose 119.3% from 279.6M to 613.0M over 9 years.
See the QXO income statement, the QXO chart for price history, or the QXO stock overview for the latest quote and news.
QXO key metrics FAQ
What is QXO's EV/EBITDA?
QXO's enterprise value was 51.6 times EBITDA at the end of fiscal 2025 (enterprise value $13.4 billion, EBITDA $259.5 million); the current EV/EBITDA is 40.6.
What is QXO's return on equity?
QXO's return on equity (ROE) was −3.8% in fiscal 2025: net income of -$279.4 million on average shareholders' equity of $7.4 billion.
What is QXO's ROIC?
QXO's return on invested capital was −0.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does QXO have?
QXO had total debt of $3.9 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.40 and $1.6 billion of net debt (5.98 times EBITDA).
What is QXO's dividend yield?
QXO paid $104.8 million in dividends in fiscal 2025 ($0.17 per share), a payout ratio of —.
What is QXO's free cash flow yield?
QXO generated $183.2 million of free cash flow in fiscal 2025, a free cash flow yield of 1.5% on its market value at year-end ($11.8 billion).
What is QXO's current ratio?
QXO's current ratio was 3.58 at the end of fiscal 2025: current assets were 3.58 times current liabilities.