Comprehensive Stock Comparison
Compare Full Truck Alliance Co. Ltd. (YMM) vs QXO, Inc. (QXO) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | QXO | 119.3% revenue growth vs YMM's 33.2% |
| Value | YMM | Lower P/E (2.0x vs 61.6x) |
| Quality / Margins | YMM | 34.4% net margin vs QXO's -4.1% |
| Stability / Safety | YMM | Beta 0.96 vs QXO's 1.25, lower leverage |
| Dividends | QXO | 71.4% yield, 2-year raise streak, vs YMM's 1.6% |
| Momentum (1Y) | QXO | +88.0% vs YMM's -18.6% |
| Efficiency (ROA) | YMM | 9.8% ROA vs QXO's -1.8%, ROIC 6.0% vs -3.1% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Full Truck Alliance operates China's largest digital freight platform connecting shippers with truckers for efficient logistics matching. It generates revenue primarily from freight brokerage commissions and value-added services — including credit solutions, insurance brokerage, and energy services — with its core matching platform driving the majority of earnings. The company's network effects create a powerful moat, as its massive scale of shippers and truckers makes it increasingly difficult for competitors to match its liquidity and efficiency.
QXO is a business software and consulting firm that provides enterprise resource planning, accounting, and IT managed services to small and medium-sized businesses. It generates revenue through software licensing and subscriptions — primarily from its ERP and business management platforms — supplemented by consulting, training, and technical support services. The company's moat comes from its deep industry specialization in manufacturing and distribution sectors, where it offers integrated solutions that combine software with specialized consulting expertise.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
YMM leads in 2 of 6 categories (Financial Metrics, Profitability & Efficiency). QXO leads in 1 (Analyst Outlook). 3 tied.
Financial Metrics (TTM)
YMM is the larger business by revenue, generating $12.1B annually — 1.8x QXO's $6.8B. YMM is the more profitable business, keeping 34.4% of every revenue dollar as net income compared to QXO's -4.1%. On growth, QXO holds the edge at +147.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | YMMFull Truck Allian… | QXOQXO, Inc. |
|---|---|---|
| RevenueTrailing 12 months | $12.1B | $6.8B |
| EBITDAEarnings before interest/tax | $4.0B | $60M |
| Net IncomeAfter-tax profit | $4.2B | -$279M |
| Free Cash FlowCash after capex | $0 | $183M |
| Gross MarginGross profit ÷ Revenue | +71.3% | +23.0% |
| Operating MarginEBIT ÷ Revenue | +32.4% | -3.6% |
| Net MarginNet income ÷ Revenue | +34.4% | -4.1% |
| FCF MarginFCF ÷ Revenue | +25.8% | +2.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | +17.2% | +147.8% |
| EPS Growth (YoY)Latest quarter vs prior year | +29.4% | -7.5% |
Valuation Metrics
On an enterprise value basis, YMM's 51.5x EV/EBITDA is more attractive than QXO's 107.3x.
| Metric | YMMFull Truck Allian… | QXOQXO, Inc. |
|---|---|---|
| Market CapShares × price | $20.0B | $17.0B |
| Enterprise ValueMkt cap + debt − cash | $19.2B | $19.1B |
| Trailing P/EPrice ÷ TTM EPS | 21.89x | -38.02x |
| Forward P/EPrice ÷ next-FY EPS est. | 1.97x | 61.60x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 51.48x | 107.27x |
| Price / SalesMarket cap ÷ Revenue | 12.21x | 2.48x |
| Price / BookPrice ÷ Book value/share | 1.76x | 0.02x |
| Price / FCFMarket cap ÷ FCF | 47.38x | 92.62x |
Profitability & Efficiency
YMM delivers a 10.5% return on equity — every $100 of shareholder capital generates $10 in annual profit, vs $-3 for QXO. YMM carries lower financial leverage with a 0.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to QXO's 0.46x. On the Piotroski fundamental quality scale (0–9), YMM scores 8/9 vs QXO's 4/9, reflecting strong financial health.
| Metric | YMMFull Truck Allian… | QXOQXO, Inc. |
|---|---|---|
| ROE (TTM)Return on equity | +10.5% | -2.9% |
| ROA (TTM)Return on assets | +9.8% | -1.8% |
| ROICReturn on invested capital | +6.0% | -3.1% |
| ROCEReturn on capital employed | +6.7% | -2.5% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 4 |
| Debt / EquityFinancial leverage | 0.00x | 0.46x |
| Net DebtTotal debt minus cash | -$5.7B | $2.1B |
| Cash & Equiv.Liquid assets | $5.8B | $2.4B |
| Total DebtShort + long-term debt | $65M | $4.5B |
| Interest CoverageEBIT ÷ Interest expense | — | -1.79x |
Total Returns (with DRIP)
A $10,000 investment in YMM five years ago would be worth $4,513 today (with dividends reinvested), compared to $1,422 for QXO. Over the past 12 months, QXO leads with a +88.0% total return vs YMM's -18.6%. The 3-year compound annual growth rate (CAGR) favors YMM at 11.5% vs QXO's -38.0% — a key indicator of consistent wealth creation.
| Metric | YMMFull Truck Allian… | QXOQXO, Inc. |
|---|---|---|
| YTD ReturnYear-to-date | -16.6% | +21.5% |
| 1-Year ReturnPast 12 months | -18.6% | +88.0% |
| 3-Year ReturnCumulative with dividends | +38.6% | -76.2% |
| 5-Year ReturnCumulative with dividends | -54.9% | -85.8% |
| 10-Year ReturnCumulative with dividends | -54.9% | -47.8% |
| CAGR (3Y)Annualised 3-year return | +11.5% | -38.0% |
Risk & Volatility
YMM is the less volatile stock with a 0.96 beta — it tends to amplify market swings less than QXO's 1.25 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. QXO currently trades 86.7% from its 52-week high vs YMM's 66.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | YMMFull Truck Allian… | QXOQXO, Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.96x | 1.25x |
| 52-Week HighHighest price in past year | $14.07 | $27.61 |
| 52-Week LowLowest price in past year | $9.36 | $11.97 |
| % of 52W HighCurrent price vs 52-week peak | +66.7% | +86.7% |
| RSI (14)Momentum oscillator 0–100 | 39.9 | 47.5 |
| Avg Volume (50D)Average daily shares traded | 7.5M | 7.4M |
Analyst Outlook
Wall Street rates YMM as "Buy" and QXO as "Buy". Consensus price targets imply 25.3% upside for QXO (target: $30) vs 24.4% for YMM (target: $12). For income investors, QXO offers the higher dividend yield at 71.38% vs YMM's 1.58%.
| Metric | YMMFull Truck Allian… | QXOQXO, Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $11.67 | $30.00 |
| # AnalystsCovering analysts | 3 | 3 |
| Dividend YieldAnnual dividend ÷ price | +1.6% | +71.4% |
| Dividend StreakConsecutive years of raises | 1 | 2 |
| Dividend / ShareAnnual DPS | $1.02 | $17.10 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.4% | 0.0% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Jun 21 | Feb 26 | Change |
|---|---|---|---|
| Full Truck Alliance… (YMM) | 100 | 47.16 | -52.8% |
| QXO, Inc. (QXO) | 100 | 2.83 | -97.2% |
Full Truck Alliance… (YMM) returned -55% over 5 years vs QXO, Inc. (QXO)'s -86%.
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Full Truck Alliance… (YMM) | $2.5B | $11.2B | +354.4% |
| QXO, Inc. (QXO) | $34M | $6.8B | +19952.2% |
QXO, Inc.'s revenue grew from $34M (2016) to $6.8B (2025) — a 80.2% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Full Truck Alliance… (YMM) | -61.6% | 27.3% | +144.3% |
| QXO, Inc. (QXO) | 10.1% | -4.1% | -140.5% |
QXO, Inc.'s net margin went from 10% (2016) to -4% (2025).
Chart 4P/E Ratio History — 3 Years
| Stock | 2022 | 2024 | Change |
|---|---|---|---|
| Full Truck Alliance… (YMM) | 20 | 3.7 | -81.5% |
Full Truck Alliance Co. Ltd. has traded in a 4x–20x P/E range over 3 years; current trailing P/E is ~22x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Full Truck Alliance… (YMM) | -1.42 | 2.94 | +307.0% |
| QXO, Inc. (QXO) | 6.15 | -0.63 | -110.2% |
QXO, Inc.'s EPS grew from $6.15 (2016) to $-0.63 (2025) — a NaN% CAGR.
Chart 6Free Cash Flow — 5 Years
Full Truck Alliance Co. Ltd. generated $3B FCF in 2024 (+1237% vs 2021). QXO, Inc. generated $183M FCF in 2025 (+164540% vs 2021).
YMM vs QXO: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is YMM or QXO a better buy right now?
Full Truck Alliance Co. Ltd. (YMM) offers the better valuation at 21.9x trailing P/E (2.0x forward), making it the more compelling value choice. Analysts rate Full Truck Alliance Co. Ltd. (YMM) a "Buy" — based on 3 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — YMM or QXO?
On forward P/E, Full Truck Alliance Co. Ltd. is actually cheaper at 2.0x.
03Which is the better long-term investment — YMM or QXO?
Over the past 5 years, Full Truck Alliance Co. Ltd. (YMM) delivered a total return of -54.9%, compared to -85.8% for QXO, Inc. (QXO). A $10,000 investment in YMM five years ago would be worth approximately $5K today (assuming dividends reinvested). Over 10 years, the gap is even starker: QXO returned -47.8% versus YMM's -54.9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — YMM or QXO?
By beta (market sensitivity over 5 years), Full Truck Alliance Co. Ltd. (YMM) is the lower-risk stock at 0.96β versus QXO, Inc.'s 1.25β — meaning QXO is approximately 30% more volatile than YMM relative to the S&P 500. On balance sheet safety, Full Truck Alliance Co. Ltd. (YMM) carries a lower debt/equity ratio of 0% versus 46% for QXO, Inc. — giving it more financial flexibility in a downturn.
05Which has better profit margins — YMM or QXO?
Full Truck Alliance Co. Ltd. (YMM) is the more profitable company, earning 27.3% net margin versus -4.1% for QXO, Inc. — meaning it keeps 27.3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: YMM leads at 22.0% versus -3.6% for QXO. At the gross margin level — before operating expenses — YMM leads at 86.6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is YMM or QXO more undervalued right now?
On forward earnings alone, Full Truck Alliance Co. Ltd. (YMM) trades at 2.0x forward P/E versus 61.6x for QXO, Inc. — 59.6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for QXO: 25.3% to $30.00.
07Which pays a better dividend — YMM or QXO?
All stocks in this comparison pay dividends. QXO, Inc. (QXO) offers the highest yield at 71.4%, versus 1.6% for Full Truck Alliance Co. Ltd. (YMM).
08Is YMM or QXO better for a retirement portfolio?
For long-horizon retirement investors, Full Truck Alliance Co. Ltd. (YMM) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.96), 1.6% yield). Both have compounded well over 10 years (YMM: -54.9%, QXO: -47.8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between YMM and QXO?
These companies operate in different sectors (YMM (Technology) and QXO (Industrials)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced. In terms of investment character: YMM is a mid-cap quality compounder stock; QXO is a mid-cap income-oriented stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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