Added to YB: 2026-05-26
Pitch date: 2026-05-24
QXO [neutral]
QXO, Inc.
Author Info
Farrer 36 is an asset manager based out of Singapore that focuses on long-only equity strategies. Sign up for the newsletter.
Company Info
QXO, Inc. distributes roofing, waterproofing and complementary building products in the United States and Canada.
Market Cap
N/A
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
N/A
EV/Sales
N/A
Sector
Trading Companies and Distributors
Category
growth
(Non) Semi-Baked Ideas - QXO, Inc.
QXO (quick overview): Brad Jacobs roll-up play in $800B+ US building products distribution. Acquired Beacon Roofing ($10.6B), Kodiak ($2.25B closed Apr'26), pending TopBuild ($17B close Q3'26). Pro forma 2025: $18.1B rev, $2.1B adj EBITDA. Mgmt targets $50B rev/decade. Q1'26 ~0 EBITDA on integration costs, seasonality, macro headwinds. Funded via dilution+debt makes financials murky near-term. Pure jockey bet on Jacobs' XPO/United Rentals playbook.
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