Added to YB: 2026-09-18
Pitch date: 2026-09-16
QXO [bullish]
QXO, Inc.
Author Info
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Company Info
QXO, Inc. distributes roofing, waterproofing and complementary building products in the United States and Canada.
Market Cap
$11.9B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
24.01
P/E
-12.84
EV/Sales
1.93
Sector
Trading Companies and Distributors
Category
growth
Brad Jacobs and the QXO Thesis
QXO: QXO offers a bet on Brad Jacobs repeating the technology-enabled consolidation playbook behind United Waste, United Rentals and XPO in fragmented, technologically lagging building materials. The market hated the TopBuild acquisition, and shares subsequently fell more than 50%, while housing undersupply and an aging housing stock support long-term demand. The main cost is dilution: fully diluted shares already total 1.6B versus 1B current shares, with further equity financing likely.
Read full article (7 min)