Is QXO Stock Outperforming Its Rivals?

QXO: QXO logo
QXO
QXO

QXO stock has significantly outperformed over the past year. But how does this relatively new entrant in building products distribution truly stack up against established peers? A closer look reveals exceptional revenue growth, yet struggles with profitability, reflected in its negative operating margins. Its negative P/E ratio suggests future potential is largely priced in, potentially limiting near-term upside despite its robust market capitalization.

  • QXO’s -4.5% operating margin reflects heavy investment to scale its tech-enabled building materials distribution via acquisitions; OC’s 15.7% signals mature insulation/roofing profitability.
  • QXO’s 8117.4% revenue surge highlights rapid acquisition-led consolidation in fragmented building materials, outpacing established peers.
  • QXO’s 46.1% gain with -93.7 PE reflects investor confidence in its acquisition-driven growth, despite current unprofitability.

Here’s how QXO stacks up across size, valuation, and profitability versus key peers.

  QXO BLDR HD LOW OC
Market Cap ($ Bil) 16.7 12.0 341.7 136.8 9.5
Revenue ($ Bil) 4.7 15.9 166.2 84.3 11.7
PE Ratio -93.7 15.9 23.4 20.2 -19.7
LTM Revenue Growth 8117.4% -6.4% 7.5% 0.6% 21.7%
LTM Operating Margin -4.5% 7.7% 13.0% 12.2% 15.7%
LTM FCF Margin 1.7% 7.5% 8.4% 8.4% 9.5%
12M Market Return 46.1% -24.7% -9.4% 0.5% -32.2%

For more details on QXO, read Buy or Sell QXO Stock. Below we compare QXO’s growth, margin, and valuation with peers across years

Revenue Growth Comparison

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  LTM 2025 2024 2023 2022
QXO 8117.4% 4.3% 21.2% 7.9%
BLDR -6.4% -4.1% -24.8% 14.2%
HD 7.5% 4.5% -3.0% 4.1%  
LOW 0.6% -3.1% -11.0% 0.8%  
OC 21.7% 13.4% -0.9% 14.9%

Operating Margin Comparison

  LTM 2025 2024 2023 2022
QXO -4.5% -124.8% -2.4% -0.9%
BLDR 7.7% 9.7% 12.7% 16.6%
HD 13.0% 13.5% 14.2% 15.3%  
LOW 12.2% 12.5% 13.4% 10.5%  
OC 15.7% 15.5% 16.8% 16.2%

PE Ratio Comparison

  LTM 2025 2024 2023 2022
QXO -93.7 140.7 -9.8 -313.3
BLDR 15.9 11.3 11.9 9.8
HD 23.4 23.0 25.7 20.7  
LOW 20.2 19.7 18.6 21.7  
OC -19.7 15.0 12.8 11.5

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