Last 48 quarters of trend data · Technology · Software - Application
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -38.02 | — | — | — | — | — | — | — | 125.62 | 54.32 | — | 103.69 | 122.00 |
| — | — | — | — | — | — | — | — | +3.0% | -98.8% | — | — | — | |
| P/S Ratio | 2.48 | 0.01 | 0.01 | 1.60 | 113.12 | 121.71 | 107.53 | 410.76 | 607.10 | 772.92 | 1284.36 | 1336.15 | 1221.18 |
| — | -100.0% | -100.0% | -99.6% | -81.4% | -84.3% | -91.6% | -69.3% | -50.3% | -38.4% | -2.8% | +2.1% | -19.6% | |
| P/B Ratio | 0.02 | 0.01 | 0.01 | 1.23 | 1.21 | 1.42 | 1.12 | 24.53 | 4606.25 | 6086.80 | 9776.91 | 6936.39 | 6496.06 |
| — | -99.1% | -98.8% | -95.0% | -100.0% | -100.0% | -100.0% | -99.6% | -29.1% | -6.6% | +61.4% | +16.1% | -9.2% | |
| P/FCF | 92.62 | 0.19 | 0.19 | — | 42.80 | 33.28 | 44.76 | — | 28829.13 | — | 15802.25 | 40253.78 | — |
| — | -99.4% | -99.6% | — | -99.9% | — | -99.7% | — | — | — | +75.7% | — | — | |
| EV / EBITDA | 107.27 | 6.29 | 6.81 | — | — | — | — | — | 17387.06 | 16665.04 | 25934.10 | 22352.95 | 22166.92 |
| — | — | — | — | — | — | — | — | -21.6% | -80.7% | -52.5% | -52.5% | -16.6% | |
| EV / EBIT | — | — | 16.40 | — | 14.92 | 5.94 | — | — | 38100.34 | 27001.72 | 40329.26 | 38842.18 | 43379.04 |
| — | — | — | — | -100.0% | -100.0% | — | — | -12.2% | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
QXO, Inc.'s operating margin was -3.2% in Q4 2025, down 4.1 pp QoQ and up 221.4 pp YoY. The trailing four-quarter average of -75.4% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 41.0% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.0% | 24.1% | 23.3% | 21.1% | 39.9% | 41.0% | 41.4% | 40.0% | 39.2% | 37.4% | 39.3% | 39.1% | 40.8% |
| — | -41.0% | -43.7% | -47.3% | +1.7% | +9.5% | +5.3% | +2.3% | -4.0% | -1.3% | +2.4% | +0.8% | -4.4% | |
| Operating Margin | -3.6% | -3.2% | 0.9% | -8.5% | -290.8% | -224.5% | -257.1% | -29.7% | 1.6% | 2.9% | 3.2% | 3.4% | 2.8% |
| — | +98.6% | +100.4% | +71.3% | -18514.3% | -7944.0% | -8174.8% | -962.1% | -43.9% | +310.4% | +395.6% | +561.8% | +1674.3% | |
| Net Margin | -4.1% | -4.1% | -5.1% | -3.1% | 64.8% | 76.6% | 130.7% | -4.1% | 1.0% | 2.9% | -15.7% | 2.6% | 2.1% |
| — | -105.4% | -103.9% | +25.8% | +6680.4% | +2586.5% | +931.7% | -259.5% | -54.8% | +1907.4% | -1178.5% | +414.5% | +673.2% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -3.8% | -0.9% | -1.4% | -0.8% | 0.2% | 0.2% | 0.6% | -0.1% | 1.8% | 5.8% | -24.4% | 3.4% | 2.9% |
| — | -513.4% | -347.0% | -537.3% | -90.5% | -96.1% | +102.3% | -103.6% | -36.0% | +2916.0% | -1615.8% | +464.5% | +757.7% | |
| ROA | -2.7% | -0.6% | -0.8% | -0.5% | 0.2% | 0.2% | 0.6% | -0.1% | 0.7% | 2.2% | -10.8% | 1.6% | 1.3% |
| — | -349.7% | -245.3% | -342.7% | -74.3% | -89.7% | +105.3% | -107.2% | -48.8% | +2381.9% | -1443.7% | +447.4% | +688.2% | |
| ROIC | -3.1% | -0.4% | 0.2% | -2.1% | — | — | -543.5% | -109.4% | 4.5% | 11.0% | 9.3% | 6.7% | 6.1% |
| — | — | +100.0% | +98.1% | — | — | -5939.0% | -1740.1% | -26.5% | +484.8% | +697.8% | +772.2% | +2240.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
QXO, Inc.'s Debt/EBITDA ratio is 50.4x, down from 60.4x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 96.8% YoY to 3.58x, tightening the short-term liquidity position.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.46 | 0.46 | 0.40 | 0.42 | 0.00 | 0.00 | 0.00 | 0.00 | 0.31 | 0.35 | 0.23 | 0.20 | 0.22 |
| — | +404418.4% | +302614.3% | +17843.6% | -100.0% | -100.0% | -99.9% | -98.8% | +41.5% | +39.6% | -16.4% | -38.3% | -23.6% | |
| Debt / EBITDA | 25.16 | 50.41 | 60.37 | — | — | — | — | — | 4.70 | 3.84 | 2.44 | 2.53 | 3.00 |
| — | — | — | — | — | — | — | — | +56.5% | -71.2% | -75.4% | -74.7% | -29.9% | |
| Current Ratio | 3.58 | 3.58 | 3.06 | 3.00 | 95.23 | 112.85 | 258.64 | 61.84 | 1.05 | 1.02 | 1.05 | 1.42 | 1.33 |
| — | -96.8% | -98.8% | -95.1% | +9000.7% | +10924.4% | +24622.6% | +4261.0% | -21.3% | -19.7% | -20.9% | +2.6% | -0.9% | |
| Quick Ratio | 2.61 | 2.61 | 2.24 | 2.15 | 95.23 | 112.85 | 258.64 | 61.84 | 1.05 | 1.02 | 1.05 | 1.42 | 1.33 |
| — | -97.7% | -99.1% | -96.5% | +9000.7% | +10924.4% | +24622.6% | +4261.0% | -21.3% | -19.7% | -20.9% | +2.6% | -0.9% | |
| Interest Coverage | -5.14 | -1.91 | 0.68 | -5.37 | -6547.67 | -5516.83 | — | — | 11.37 | 31.55 | 55.90 | 26.17 | 21.42 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Start ComparisonQXO, Inc.'s current P/E is -38.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
QXO, Inc.'s current operating margin is -3.6%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking QXO, Inc.'s business trajectory between earnings reports.