QXO, Inc. (QXO) - Net Assets
Based on the latest financial reports, QXO, Inc. (QXO) has net assets worth $10.16 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($16.66 Billion) and total liabilities ($6.50 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check QXO, Inc. strategic capital allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $10.16 Billion |
| % of Total Assets | 61.01% |
| Annual Growth Rate | N/A |
| 5-Year Change | 103640.34% |
| 10-Year Change | 195171.86% |
| Growth Volatility | 19348.93 |
QXO, Inc. - Net Assets Trend (2003–2025)
This chart illustrates how QXO, Inc.'s net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see QXO, Inc. (QXO) total market value.
Annual Net Assets for QXO, Inc. (2003–2025)
The table below shows the annual net assets of QXO, Inc. from 2003 to 2025. Also explore QXO net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $9.71 Billion | +92.10% |
| 2024-12-31 | $5.05 Billion | +67533.50% |
| 2023-12-31 | $7.47 Million | -21.79% |
| 2022-12-31 | $9.55 Million | +2.09% |
| 2021-12-31 | $9.36 Million | +28.53% |
| 2020-12-31 | $7.28 Million | -18.15% |
| 2019-12-31 | $8.89 Million | +105.22% |
| 2018-12-31 | $4.33 Million | +2.53% |
| 2017-12-31 | $4.23 Million | -14.96% |
| 2016-12-31 | $4.97 Million | +219.40% |
| 2015-12-31 | $1.56 Million | +11337.65% |
| 2014-12-31 | $13.61K | +103.40% |
| 2013-12-31 | $-399.84K | +50.91% |
| 2012-12-31 | $-814.53K | +9.46% |
| 2011-12-31 | $-899.64K | +82.40% |
| 2010-12-31 | $-5.11 Million | -3.86% |
| 2009-12-31 | $-4.92 Million | +6.32% |
| 2008-12-31 | $-5.25 Million | -34.26% |
| 2007-12-31 | $-3.91 Million | -7.07% |
| 2006-12-31 | $-3.66 Million | -106.16% |
| 2005-12-31 | $-1.77 Million | -47.56% |
| 2004-12-31 | $-1.20 Million | -263.73% |
| 2003-12-31 | $-330.33K | -- |
Equity Component Analysis
This analysis shows how different components contribute to QXO, Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 39399938000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $6.74K | 0.00% |
| Other Comprehensive Income | $-2.30 Million | -0.02% |
| Other Components | $10.10 Billion | 104.09% |
| Total Equity | $9.71 Billion | 100.00% |
QXO, Inc. Competitors by Market Cap
The table below lists competitors of QXO, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jeronimo Martins SGPS SA
LS:JMT
|
$13.07 Billion |
|
BridgeBio Pharma Inc
NASDAQ:BBIO
|
$13.11 Billion |
|
CNA Financial Corporation
NYSE:CNA
|
$13.11 Billion |
|
Carlisle Companies Incorporated
NYSE:CSL
|
$13.12 Billion |
|
Globe Life Inc
NYSE:GL
|
$13.05 Billion |
|
Jiangxi Copper Co Ltd Class A
SHG:600362
|
$13.05 Billion |
|
Neurocrine Biosciences Inc
NASDAQ:NBIX
|
$13.03 Billion |
|
NESTE OYJ UNSP.ADR 1/2
F:NEFA
|
$13.02 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in QXO, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,052,899,000 to 9,706,800,000, a change of 4,653,901,000 (92.1%).
- Net loss of 279,400,000 reduced equity.
- Dividend payments of 104,800,000 reduced retained earnings.
- Share repurchases of 4,833,000,000 reduced equity.
- New share issuances of 4,814,100,000 increased equity.
- Other comprehensive income decreased equity by 2,299,999.
- Other factors increased equity by 5,059,300,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-279.40 Million | -2.88% |
| Dividends Paid | $104.80 Million | -1.08% |
| Share Repurchases | $4.83 Billion | -49.79% |
| Share Issuances | $4.81 Billion | +49.6% |
| Other Comprehensive Income | $-2.30 Million | -0.02% |
| Other Changes | $5.06 Billion | +52.12% |
| Total Change | $- | 92.10% |
Book Value vs Market Value Analysis
This analysis compares QXO, Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.76x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | $-0.59 | $12.11 | x |
| 2004-12-31 | $-2.14 | $12.11 | x |
| 2005-12-31 | $-3.16 | $12.11 | x |
| 2006-12-31 | $-6.51 | $12.11 | x |
| 2007-12-31 | $-1614.52 | $12.11 | x |
| 2008-12-31 | $-599.82 | $12.11 | x |
| 2009-12-31 | $-460.29 | $12.11 | x |
| 2010-12-31 | $-336.04 | $12.11 | x |
| 2011-12-31 | $-2.15 | $12.11 | x |
| 2012-12-31 | $-1.69 | $12.11 | x |
| 2013-12-31 | $-0.82 | $12.11 | x |
| 2014-12-31 | $0.03 | $12.11 | x |
| 2015-12-31 | $2.88 | $12.11 | x |
| 2016-12-31 | $0.02 | $12.11 | x |
| 2017-12-31 | $0.02 | $12.11 | x |
| 2018-12-31 | $0.02 | $12.11 | x |
| 2019-12-31 | $0.03 | $12.11 | x |
| 2020-12-31 | $0.03 | $12.11 | x |
| 2021-12-31 | $0.03 | $12.11 | x |
| 2022-12-31 | $0.03 | $12.11 | x |
| 2023-12-31 | $0.02 | $12.11 | x |
| 2024-12-31 | $12.38 | $12.11 | x |
| 2025-12-31 | $15.83 | $12.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently QXO, Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -2.88%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.08%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 1.64x
- Recent ROE (-2.88%) is below the historical average (67.96%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 0.00% | -29452.22% | 0.01x | 0.00x | $-364.57K |
| 2004 | 0.00% | -140.36% | 0.90x | 0.00x | $-2.27 Million |
| 2005 | 0.00% | -57.62% | 1.47x | 0.00x | $-2.23 Million |
| 2006 | 0.00% | -35.25% | 2.80x | 0.00x | $-1.96 Million |
| 2007 | 0.00% | -21.88% | 4.46x | 0.00x | $-1.22 Million |
| 2008 | 0.00% | -19.24% | 5.47x | 0.00x | $-960.96K |
| 2009 | 0.00% | -20.77% | 6.62x | 0.00x | $-1.04 Million |
| 2010 | 0.00% | -6.26% | 7.33x | 0.00x | $37.80K |
| 2011 | 0.00% | 24.87% | 6.92x | 0.00x | $2.71 Million |
| 2012 | 0.00% | -9.37% | 4.70x | 0.00x | $-1.15 Million |
| 2013 | 0.00% | 1.85% | 4.87x | 0.00x | $362.53K |
| 2014 | 1417.66% | 0.90% | 4.24x | 371.63x | $191.54K |
| 2015 | 24.05% | 1.35% | 3.26x | 5.45x | $218.67K |
| 2016 | 69.13% | 10.07% | 3.20x | 2.14x | $2.94 Million |
| 2017 | -11.51% | -1.40% | 3.35x | 2.46x | $-909.18K |
| 2018 | 6.05% | 0.73% | 3.07x | 2.71x | $-170.98K |
| 2019 | 76.39% | 17.65% | 2.03x | 2.13x | $5.90 Million |
| 2020 | 2.41% | 0.43% | 2.59x | 2.18x | $-552.35K |
| 2021 | -1.44% | -0.32% | 2.32x | 1.92x | $-1.07 Million |
| 2022 | -2.95% | -0.63% | 2.10x | 2.24x | $-1.24 Million |
| 2023 | -14.32% | -1.96% | 2.66x | 2.74x | $-1.82 Million |
| 2024 | 0.55% | 49.18% | 0.01x | 1.01x | $-477.32 Million |
| 2025 | -2.88% | -4.08% | 0.43x | 1.64x | $-1.25 Billion |
Industry Comparison
This section compares QXO, Inc.'s net assets metrics with peer companies in the Industrial Distribution industry.
Industry Context
- Industry: Industrial Distribution
- Average net assets among peers: $1,134,934,589
- Average return on equity (ROE) among peers: -37.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| QXO, Inc. (QXO) | $10.16 Billion | 0.00% | 0.64x | $13.07 Billion |
| Applied Industrial Technologies (AIT) | $843.54 Million | 2.85% | 1.71x | $11.67 Billion |
| Beacon Roofing Supply Inc (BECN) | $38.24 Million | -40.15% | 6.88x | $7.72 Billion |
| BlueLinx Holdings Inc (BXC) | $8.37 Million | -460.56% | 59.18x | $432.23 Million |
| Core & Main Inc (CNM) | $2.07 Billion | 21.26% | 1.93x | $7.69 Billion |
| Now Inc (DNOW) | $1.98 Billion | 5.45% | 0.20x | $2.91 Billion |
| Distribution Solutions Group Inc (DSGR) | $80.90 Million | 25.09% | 0.31x | $1.41 Billion |
| DXP Enterprises Inc (DXPE) | $344.95 Million | 10.73% | 1.29x | $2.23 Billion |
| EVI Industries Inc (EVI) | $5.12 Million | 2.39% | 0.63x | $221.18 Million |
| Fastenal Company (FAST) | $1.92 Billion | 25.80% | 0.23x | $56.70 Billion |
| Ferguson Plc (FERG) | $4.06 Billion | 31.23% | 1.50x | $44.22 Billion |
About QXO, Inc.
QXO, Inc. distributes roofing, waterproofing and complementary building products in the United States and Canada. It offers roofing and siding materials for residential construction, such as asphalt shingles, metal roofing, wood roofing, tile roofing, slate roofing, roofing accessories, and roofing insulation; and siding materials, including vinyl siding aluminum siding, steel siding, fiber cemen… Read more