QXO(NYSE) QXO

QXO, Inc. provides materials to build and repair roofs. It helps professional contractors get supplies for homes and offices. The company also makes software for construction businesses.

What Does QXO Sell?

• Residential Roofing Products: Shingles and materials for home roofs; accounts for 39.0% of net sales.
• Non-residential Roofing Products: Waterproofing and systems for commercial buildings; represents 22.7% of net sales.
• Complementary Building Products: Items like siding, windows, and other building supplies; makes up 37.9% of net sales.
• Software Products and Services: Technology and consulting for building industry professionals; covers 0.4% of net sales.

Strategy Through Aggressive Acquisition

• Completed the acquisition of Beacon Roofing Supply for $10.64 billion on April 29, 2025.
• Acquired Kodiak Building Partners for a net price of $2.22 billion on April 1, 2026.
• Finished a $15 billion acquisition of TopBuild on July 1, 2026.
• Issued $3.0 billion in senior notes in June 2026 to fund business expansion.

A North American Distribution Network

QXO serves customers in all 50 U.S. states and seven provinces in Canada. The company focuses on using technology to modernize the distribution of building products.

Key Financial Metrics

• Net sales reached $3.25 billion in the three months ended June 30, 2026.
• Market cap was $13.1 billion in Q2 2026, up 7.4% year over year.
• Gross profit margin rose 3.6 percentage points to 24.7% for the quarter ended June 30, 2026.
• Total liquidity was $4.70 billion as of June 30, 2026.

A Pivot to Physical Products

QXO has pivoted from a technology services firm into a major distributor of building materials. It uses large acquisitions to create a technology-enabled platform for construction professionals.