Headquartered in Greenwich, CT Fiscal year ends December NYSE: QXO qxo.com
QXO, Inc. distributes and installs building products in North America, serving what it describes as an $800 billion market. It has built scale through acquisitions:
- Beacon Roofing Supply (April 2025): roofing and waterproofing distribution.
- Kodiak Building Partners (April 2026): lumber and building materials distribution.
- TopBuild (July 2026): insulation installation and distribution, including mechanical insulation for data centers.
QXO describes itself as the largest distributor and installer of insulation, the second-largest roofing products distributor, the second-largest publicly traded lumber and building materials distributor, and the largest waterproofing products distributor. It serves about 194,000 customers and sells a private-label line, TRI-BUILT. Its strategy is to cross-sell across acquired businesses, improve purchasing terms, and modernize operations with integrated sales, inventory and warehouse systems and AI tools. QXO targets $50 billion in annual revenue within the decade through acquisitions and organic growth, and $4 billion in adjusted EBITDA by 2030 from businesses it already owns. It is led by chairman and CEO Brad Jacobs. Updated
Brad Jacobs' roll-up is working on the top line, with sales up 79% year over year as TopBuild's first full quarter added $1.64 billion. The adjusted earnings miss is the bill for that growth: deal-related amortization and interest pushed GAAP to a $0.17 per share loss. The board also authorized a $500 million buyback.
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QXO, Inc. distributes and installs building products in North America, serving what it describes as an $800 billion market.
The Wall Street consensus 12-month price target for QXO is $24.47.
