QXO (QXO)
Distributor and installer of roofing, insulation, waterproofing, lumber, and related building materials.
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Distributes roofing, waterproofing, lumber, trusses, and complementary building materials, and installs insulation across North America. Revenue comes from residential and non-residential construction, repair, and remodeling customers; the current platform was assembled through the Beacon, Kodiak, and TopBuild acquisitions, whose integration and technology modernization shape execution.
Distributes roofing, waterproofing, lumber, trusses, and complementary building materials, while also distributing and installing insulation across North America. The platform serves residential and non-residential construction, repair, and remodeling markets.
Combines centralized purchasing with local branch inventory and delivery, supported by digital account tools and private-label products inherited from Beacon. The operating scope now spans the United States and Canada after the Beacon, Kodiak, and TopBuild acquisitions.
Growth depends on integrating those acquisitions and executing technology modernization across businesses added in rapid succession. Demand remains tied to construction and remodeling activity, while purchasing scale coexists with reliance on key suppliers. Published financial periods and workforce data do not yet reflect the complete post-TopBuild perimeter.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 24, 2026 | D.A. Davidson | Target | Target: — | Target: $26 |
| Jul 28, 2026 | Wells Fargo | Target | Target: $30 | Target: $18 |
| May 14, 2026 | Stephens | Target | Target: $29 | Target: $26 |
| May 13, 2026 | Robert W. Baird | Target | Target: — | Target: $30 |
| Apr 27, 2026 | Oppenheimer | Reiterate | Rating: —Target: $30 | Target: $32 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $2.77B · Total debt $7.04B · Total assets $22.67B · Shareholders' equity $10.38B
- Revenue
- $3.25B
- Operating income
- −$42.0M
- Net income
- −$55.0M
| Institutions | ≈ 83.04% | 861.58M shares | |
|---|---|---|---|
| 712 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 1.66% | 17.21M shares | |
| 11 holders · as of Jul 2, 2026 | |||
| Other | ≈ 15.30% | 158.70M shares | |
| remainder | |||
1.04B company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Morgan StanleyInstitution | 8.34% | 86.50M | as of Jun 30, 2026 |
Orbis Allan Gray LtdInstitution | 7.13% | 73.95M | as of Jun 30, 2026 |
Invesco Ltd.Institution | 4.64% | 48.11M | as of Jun 30, 2026 |
Baillie Gifford & CoInstitution | 4.61% | 47.87M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 4.49% | 46.54M | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
- Home Depot
Direct roofing-distribution rivalry through SRS Distribution
- Builders FirstSource
Broad rivalry in lumber, components, and builder services
- Installed Building Products
Head-to-head insulation and complementary-product installation
- Boise Cascade
Nationwide overlap in lumber and engineered-wood distribution
- BlueLinx
Wholesale overlap in structural and specialty building products
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| QXO | $12.79 | +4.84% | $12.66B | — | 27.0 | 1.3 | +70.3% |
| Home Depot | $306.00 | +2.96% | $296.34B | 20.8 | 19.8 | 1.8 | +5.7% |
| Builders FirstSource | $60.70 | +3.73% | $6.30B | 64.3 | 16.9 | 0.4 | −8.8% |
| Installed Building Products | $212.33 | +4.86% | $5.45B | 21.8 | 19.5 | 1.8 | +2.3% |
| Boise Cascade | $79.09 | +4.53% | $2.66B | 25.6 | 18.0 | 0.4 | +5.2% |
| BlueLinx | $81.62 | +8.09% | $587.6M | — | 43.5 | 0.2 | +4.4% |
| Median | 23.7 | 19.5 | 0.4 | +4.4% |