QXO(NYSE) QXO

QXO helps professional builders and contractors get the materials they need for homes and offices. It delivers roofing, siding, and waterproofing products through a large network of local stores. These supplies help keep buildings safe from rain and sun damage.

What QXO Sells

• Roofing Materials: Asphalt shingles for homes and single-ply membranes or insulation for commercial buildings.
• Exterior Siding: Vinyl, aluminum, steel, and fiber cement panels used to protect and decorate outer walls.
• Waterproofing Solutions: Air and vapor barriers and fluid-applied products that prevent water from entering structures.
• Complementary Products: Windows, doors, and building tools including the private label TRI-BUILT brand.

Growth and New Deals

• Completed the acquisition of Beacon Roofing Supply on April 29, 2025, to become a leading North American distributor.
• Entered into a definitive agreement in February 2026 to acquire Kodiak Building Partners for approximately $2.25 billion.
• Secured a $3 billion investment commitment in January 2026 from AP Quince Holdings to fund future large acquisitions.
• Raised $749.4 million in net proceeds through a public stock offering completed on January 20, 2026.

Operational Strengths

The company manages a fleet of commercial vehicles to provide just-in-time delivery for complex construction projects. It uses digital platforms to help contractors track orders and manage their own building inventories.

The Recent Financials

• Revenue reached $2.2 billion in Q4 2025, up from $14.7 million in Q4 2024 following major acquisitions.
• Gross profit rose to $529.8 million in Q4 2025, an increase from $6 million in the previous year.
• Free cash flow hit $158.2 million in Q4 2025, up 193.4% compared to Q4 2024.
• Net income was a loss of $90.3 million in Q4 2025, down from a profit of $11.3 million in Q4 2024.

Evolution and Strategy

QXO has transformed from a technology services provider into a large-scale industrial distributor through aggressive acquisitions. The company focuses on using advanced technology to consolidate the fragmented building products market.