QXO, Inc. (QXO) - Net Assets

Latest as of September 2025: $9.82 Billion USD

Based on the latest financial reports, QXO, Inc. (QXO) has net assets worth $9.82 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($16.64 Billion) and total liabilities ($6.82 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. (QXO) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	$9.82 Billion
% of Total Assets	59.02%
Annual Growth Rate	N/A
5-Year Change	69308.03%
10-Year Change	324569.46%
Growth Volatility	20155.71

QXO, Inc. - Net Assets Trend (2003–2024)

This chart illustrates how QXO, Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore QXO, Inc. balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for QXO, Inc. (2003–2024)

The table below shows the annual net assets of QXO, Inc. from 2003 to 2024. For live valuation and market cap data, see QXO, Inc. stock valuation.

Year	Net Assets	Change
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 572838000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	$4.00K	0.00%
Other Components	$5.06 Billion	100.12%
Total Equity	$5.05 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
ING Bank Śląski SA WAR:ING	$14.04 Billion
ZTO Express (Cayman) Inc F:ZTOA	$14.04 Billion
Hua Nan Financial Holdings Co Ltd TW:2880	$14.05 Billion
Metro Inc. TO:MRU	$14.06 Billion
Woori Financial Group Inc NYSE:WF	$14.03 Billion
GREAT WALL MOTOR H ADR/10 F:GRVB	$14.01 Billion
Ralph Lauren Corp Class A NYSE:RL	$14.00 Billion
BOLIDEN AB UNSP.ADR/2 F:BWJ0	$13.99 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 2023 to 2024, total equity changed from 7,471,000 to 5,052,899,000, a change of 5,045,428,000 (67533.5%).
Net income of 27,969,000 contributed positively to equity growth.
Dividend payments of 49,650,000 reduced retained earnings.
Share repurchases of 5,032,641,000 reduced equity.
New share issuances of 5,032,641,000 increased equity.
Other factors increased equity by 5,067,109,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	$27.97 Million	+0.55%
Dividends Paid	$49.65 Million	-0.98%
Share Repurchases	$5.03 Billion	-99.6%
Share Issuances	$5.03 Billion	+99.6%
Other Changes	$5.07 Billion	+100.28%
Total Change	$-	67533.50%

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: 1.60x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2003-12-31	$-0.59	$19.82	x
2004-12-31	$-2.14	$19.82	x
2005-12-31	$-3.16	$19.82	x
2006-12-31	$-6.51	$19.82	x
2007-12-31	$-1614.52	$19.82	x
2008-12-31	$-599.82	$19.82	x
2009-12-31	$-460.29	$19.82	x
2010-12-31	$-336.04	$19.82	x
2011-12-31	$-2.15	$19.82	x
2012-12-31	$-1.69	$19.82	x
2013-12-31	$-0.82	$19.82	x
2014-12-31	$0.03	$19.82	x
2015-12-31	$2.88	$19.82	x
2016-12-31	$0.02	$19.82	x
2017-12-31	$0.02	$19.82	x
2018-12-31	$0.02	$19.82	x
2019-12-31	$0.03	$19.82	x
2020-12-31	$0.03	$19.82	x
2021-12-31	$0.03	$19.82	x
2022-12-31	$0.03	$19.82	x
2023-12-31	$0.02	$19.82	x
2024-12-31	$12.38	$19.82	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): 0.55%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 49.18%
• Asset Turnover: 0.01x
• Equity Multiplier: 1.01x
Recent ROE (0.55%) is below the historical average (71.18%), 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

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: $1,134,262,600
Average return on equity (ROE) among peers: 0.20%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
QXO, Inc. (QXO)	$9.82 Billion	0.00%	0.69x	$14.04 Billion
Applied Industrial Technologies (AIT)	$932.55 Million	15.52%	1.44x	$10.80 Billion
Beacon Roofing Supply Inc (BECN)	$1.82 Billion	23.86%	2.40x	$7.72 Billion
BlueLinx Holdings Inc (BXC)	$50.82 Million	-120.94%	9.76x	$409.77 Million
Core & Main Inc (CNM)	$641.50 Million	5.61%	3.99x	$9.26 Billion
Now Inc (DNOW)	$1.98 Billion	5.45%	0.20x	$2.28 Billion
Distribution Solutions Group Inc (DSGR)	$99.17 Million	6.27%	0.99x	$1.27 Billion
DXP Enterprises Inc (DXPE)	$156.68 Million	20.07%	1.59x	$2.23 Billion
EVI Industries Inc (EVI)	$2.90 Million	3.45%	0.14x	$234.41 Million
Fastenal Company (FAST)	$1.28 Billion	20.69%	0.14x	$51.57 Billion
Ferguson Plc (FERG)	$4.37 Billion	21.99%	2.08x	$52.48 Billion

About QXO, Inc.

NYSE:QXO USA Industrial Distribution

Market Cap

$14.04 Billion

Market Cap Rank

#1700 Global

#639 in USA

Share Price

$19.82

Change (1 day)

-1.25%

52-Week Range

$18.21 - $27.07

All Time High

$27.07