QXO (NYSE:QXO) Announces Quarterly Earnings Results

QXO (NYSE:QXO) posted its earnings results on Thursday. The company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13, FiscalAI reports. QXO had a negative net margin of 5.17% and a positive return on equity of 2.41%. The firm had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.84 billion.

QXO Stock Performance

Shares of QXO stock traded down $0.99 during trading on Thursday, reaching $12.82. The company’s stock had a trading volume of 22,756,174 shares, compared to its average volume of 16,569,072. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.29 and a current ratio of 4.11. The business’s fifty day moving average price is $11.77 and its 200-day moving average price is $16.82. The firm has a market cap of $13.30 billion, a price-to-earnings ratio of -14.24, a price-to-earnings-growth ratio of 3.06 and a beta of 2.42. QXO has a one year low of $10.03 and a one year high of $27.61.

Key QXO News

These are some of the QXO news items that stood out recently:

• Positive Sentiment: Revenue rose 79.4% year over year to about $4.9 billion, topping analyst expectations of $4.84 billion. Gross profit increased 117.1% to $1.4 billion, while adjusted EPS of $0.13 met consensus. QXO Reports Third Quarter 2026 Results
• Neutral Sentiment: Northcoast Research initiated coverage with a “neutral” rating, offering no clear near-term bullish or bearish signal.
• Negative Sentiment: Despite the sales surge, QXO recorded a $123 million loss attributable to common shareholders, with diluted GAAP EPS of -$0.17. Operating profit was only $2 million and operating cash flow was $1 million; higher liabilities also underscore the financial demands of scaling the business. QXO Q3 2026 earnings details

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Royal Bank Of Canada decreased their target price on QXO from $27.00 to $18.00 and set an “outperform” rating for the company in a research report on Wednesday, October 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of QXO in a report on Wednesday, August 26th. Morgan Stanley began coverage on shares of QXO in a research report on Tuesday, August 4th. They issued an “overweight” rating and a $35.00 price target on the stock. Wells Fargo & Company dropped their price target on shares of QXO from $16.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, October 16th. Finally, Northcoast Research initiated coverage on shares of QXO in a research note on Thursday. They issued a “neutral” rating for the company. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $24.77.

QXO Company Profile

QXO, Inc. is a distributor of building products serving contractors and other customers in the construction industry. Its offerings include roofing materials, waterproofing products and complementary building supplies for residential and commercial projects. QXO expanded its business through its acquisition of Beacon Roofing Supply in 2025, bringing Beacon’s distribution network and product expertise into the company. Beacon serves customers across the United States and Canada. QXO is led by Chairman and Chief Executive Officer Brad Jacobs, an entrepreneur whose previous leadership roles include executive positions at XPO and United Rentals.