QXO Inc

QXO Inc maintains a conservative capital structure with a debt-to-equity ratio of 0.31, indicating low leverage relative to its equity base of $9.71 billion. The company holds $2.36 billion in cash and equivalents against $3.06 billion in long-term debt, resulting in a net cash position that is technically negative when total debt is considered, though the current ratio is not explicitly provided to assess short-term liquidity depth. The market capitalization stands at $13.62 billion, trading at a price-to-book ratio of 1.4, which suggests the market values the company slightly above its tangible book value.

Profitability metrics indicate the company is currently operating at a loss, with an operating income of -$245.2 million and a net income of -$279.4 million on revenues of $6.84 billion. This results in a negative return on equity of -5.31% and a negative return on assets of -3.24%, reflecting the early-stage or investment-heavy nature of the business model. The gross profit of $1.57 billion represents a gross margin of approximately 23%, which is typical for distribution businesses but is currently insufficient to cover operating expenses.

Revenue concentration and segment details are not explicitly broken down in the available financial snapshot, limiting the ability to assess specific product or service line contributions. The company’s activity is broadly defined as Trading Companies & Distributors, suggesting a diversified portfolio of distributed goods rather than a single-product dependency. Without specific segment data, the revenue mix is assumed to be aligned with the general industry profile of broad-line distribution.

Growth trajectory analysis is constrained by the absence of historical period data in the provided input. The current revenue figure of $6.84 billion serves as the baseline for future growth assessments, but year-over-year trends cannot be calculated from the available single-period snapshot. The company’s ability to scale revenue while improving operating margins will be a key determinant of future valuation multiples.

Risk assessment highlights medium liquidity risk and low dilution risk. The key flag notes that net cash is negative after subtracting total debt, which may impact financial flexibility in a rising interest rate environment. However, the low dilution risk suggests that the company is not currently relying heavily on equity issuance to fund operations, preserving shareholder value.

Recent IR observations indicate strong analyst sentiment, with a mean recommendation of 1.60 (where 1 is strong buy) and a mean price target of $29.79, implying significant upside from the current market price of $20.19. The high price target of $50.00 and the absence of any "Hold" ratings among the 15 covering analysts suggest a consensus view of substantial growth potential.

QXO Inc. (QXO.O) is undergoing its first formal analysis, establishing a baseline for future performance tracking as no prior data exists for delta computation. This initial assessment highlights a significant shift in institutional ownership, marked by a major modification in holdings by investor ID 587, who increased their position from 13,020 shares to 21,916 shares as of March 31, 2026. This adjustment represents a substantial increase in the investor's stake, raising the value of their holding from $0.25 million to $0.43 million. Beyond this major modification, several notable new positions were added to the company's shareholder registry during the same period. Investor ID 550 emerged as a significant new holder, acquiring 1,376,986 shares valued at approximately $75.72 million, which accounts for roughly 1.85% of the total weight. Other new entrants include investor ID 510 with 47,021 shares ($2.59 million), investor ID 504 with 57,500 shares ($3.16 million), investor ID 927 with 146,900 shares ($8.17 million), and investor ID 500 with 17,717 shares ($0.97 million). These changes collectively expand QXO Inc.'s top holder count to 29, indicating growing institutional interest in the ticker. The influx of capital from multiple new investors, particularly the large entry by investor ID 550, suggests a broadening base of support for the company. This diversification of ownership may provide greater stability to the stock's shareholder structure as it enters the formal analytical framework. Currently, QXO Inc. has no assigned analyst coverage, officer count data, or index memberships recorded in this initial snapshot. The absence of analyst estimates and ESG ratings in the current dataset underscores the preliminary nature of this report. As the company moves forward, the established baseline of 29 top holders will serve as the critical reference point for measuring future changes in institutional sentiment and ownership concentration.

QXO generated $6.8 billion in revenue for fiscal year 2026, demonstrating significant scale in the trading sector.

The company maintains a conservative debt-to-equity ratio of 0.31, which is well below the cohort median of 1.05.

QXO holds a strong current ratio of 3.58, indicating robust short-term liquidity to meet immediate obligations.

Dilution risk is assessed as low, suggesting limited immediate threat to existing shareholder equity value.

QXO reported a net loss of $279.4 million in fiscal 2026, reflecting severe profitability challenges.

Operating income declined by 123.4% year-over-year, signaling a rapid deterioration in core operational performance.

The company faces high credit risk, potentially increasing borrowing costs and limiting financial flexibility.

Return on equity of -5.31% places QXO in the bottom quartile of its trading cohort.

Revenue $1.73B, +12 708,7% YoY; Operating income −541,2% YoY.

• ▍Revenue $1.73B, +12 708,7% YoY
• ▍Operating income −541,2% YoY
• ▍Net income −2 693,9% YoY
• ▍Free cash flow −422,9% YoY
• ▍Net margin -13.1%

Revenue $2.19B, +14 782,3% YoY; Operating income −122,0% YoY.

• ▍Revenue $2.19B, +14 782,3% YoY
• ▍Operating income −122,0% YoY
• ▍Net income −899,0% YoY
• ▍Free cash flow +37,0% YoY
• ▍Net margin -4.1%

Revenue $2.73B, +20 639,6% YoY; Operating income +176,3% YoY.

• ▍Revenue $2.73B, +20 639,6% YoY
• ▍Operating income +176,3% YoY
• ▍Net income −913,7% YoY
• ▍Free cash flow −383,7% YoY
• ▍Net margin -5.1%

Revenue $1.91B, +13 011,4% YoY; Operating income −4 731,4% YoY.

• ▍Revenue $1.91B, +13 011,4% YoY
• ▍Operating income −4 731,4% YoY
• ▍Net income −9 798,5% YoY
• ▍Free cash flow −193,4% YoY
• ▍Net margin -3.1%

Revenue $13.5M; Operating income -$39.3M.

• ▍Revenue $13.5M
• ▍Operating income -$39.3M
• ▍Net margin 64.8%

Revenue $14.7M; Operating income -$33.1M.

• ▍Revenue $14.7M
• ▍Operating income -$33.1M
• ▍Net margin 76.6%

Revenue $13.2M; Operating income -$33.8M.

• ▍Revenue $13.2M
• ▍Operating income -$33.8M
• ▍Net margin 130.2%

Revenue $6.84B, +11 930,7% YoY; Operating income −315,4% YoY.

• ▍Revenue $6.84B, +11 930,7% YoY
• ▍Operating income −315,4% YoY
• ▍Net income −1 099,0% YoY
• ▍Free cash flow −106,8% YoY
• ▍Net margin -4.1%

Revenue $56.9M, +4,3% YoY; Operating income −5 315,7% YoY.

• ▍Revenue $56.9M, +4,3% YoY
• ▍Operating income −5 315,7% YoY
• ▍Net income +2 713,9% YoY
• ▍Free cash flow −5 673,1% YoY
• ▍Net margin 49.2%