The Tip Desk

QXO, Inc.

Company Stats

Market Cap
$12.1B
as of Sep 30, 2026
Enterprise Value
$12.9B
Shares Outstanding
1.0B
Free Float
15.7%

Income Statement

Revenue
$6.8B
Operating Income
-$245.2M
Net Income
-$279.4M
EBITDA
-$136.8M
Revenue Growth, 3Y
433.8%
FCF Margin, 3Y Avg
50.8%
FCF Margin, Worst Year
0.8%

Cash Flow

Free Cash Flow
$183.2M
FCF Yield
1.5%
Owner FCF Yield
0.3%

Balance Sheet

Cash & Equivalents
$2.4B
Total Debt
$3.1B
Net Debt
$738.4M

Returns & Capital

SBC, 3Y Avg
$59.6M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$6.8B$183.2M2.7%
FY2024$56.9M$84.7M148.9%
FY2023$54.5M$463,0000.8%
FY2022$45.0M$2.0M4.4%
FY2021$41.7M$111,2730.3%

Annual filing data through FY ended December 31, 2025; shares and float as of October 28, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage