QXO (NYSE:QXO) Issues Quarterly Earnings Results

QXO (NYSE:QXO) released its earnings results on Thursday. The company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13, FiscalAI reports. QXO had a negative net margin of 5.17% and a positive return on equity of 2.41%. The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.86 billion.

QXO Price Performance

Shares of QXO opened at $12.82 on Friday. The company has a current ratio of 4.11, a quick ratio of 3.29 and a debt-to-equity ratio of 0.66. QXO has a 1 year low of $10.03 and a 1 year high of $27.61. The stock has a market cap of $13.30 billion, a P/E ratio of -14.24, a price-to-earnings-growth ratio of 3.08 and a beta of 2.42. The stock’s 50-day moving average price is $11.77 and its two-hundred day moving average price is $16.82.

Latest QXO News

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

• Positive Sentiment: A report highlights homebuilders as a key source of future growth for QXO, offering a potential longer-term growth narrative. QXO and homebuilder growth
• Neutral Sentiment: QXO named Dev Ahuja CFO and promoted current CFO Ihsan Essaid to vice chairman, with the changes effective in January 2027. The transition brings an experienced incoming finance chief, though investors may watch how it unfolds. QXO leadership changes
• Negative Sentiment: Despite its revenue growth, QXO recorded a $123 million net loss and only $1 million in operating cash flow for the quarter. Higher liabilities and continued profitability concerns may have overshadowed the sales beat. QXO third-quarter results

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Morgan Stanley started coverage on shares of QXO in a research report on Tuesday, August 4th. They set an “overweight” rating and a $35.00 price target for the company. Weiss Ratings reissued a “sell (d)” rating on shares of QXO in a research note on Wednesday, August 26th. Melius Research began coverage on shares of QXO in a research note on Tuesday, October 6th. They issued a “buy” rating and a $17.00 price objective on the stock. Royal Bank Of Canada lowered their target price on shares of QXO from $27.00 to $18.00 and set an “outperform” rating for the company in a report on Wednesday, October 7th. Finally, Northcoast Research began coverage on shares of QXO in a report on Thursday. They set a “neutral” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, QXO has an average rating of “Moderate Buy” and a consensus price target of $24.77.

About QXO

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.