Wisevoter
U.S.

QXO Reports $4.9 Billion Third-Quarter Sales

The roofing and building products distributor posted higher adjusted earnings and gross margin, while still reporting a GAAP net loss.

Updated on Nov. 13, 2026 in Construction

Flat-color editorial illustration of stacked roofing shingle bundles and pallets in an open yard beside a conveyor leading to a warehouse.
QXO reported $4.9 billion in third-quarter sales on Tuesday, with adjusted net income rising to $229 million while still posting a $123 million GAAP net loss. AI Illustration. Upload story photo >

Live Poll

Do you expect roofing and home repair costs to keep rising in your area?

QXO reported $4.9 billion in third-quarter sales, with TopBuild contributing $1.64 billion and Kodiak contributing $589 million. Companywide pricing rose 2.2% year over year, and the company posted a GAAP net loss of $123 million, or 17 cents per share.

Why it matters

Adjusted net income rose to $229 million from $166 million, and adjusted EBITDA increased to $557 million from $301 million, indicating stronger operating results on an adjusted basis. The company also authorized a $500 million share repurchase program with no expiration date.

Gross margin increased to 28.2% from 23.3%, and gross profit rose to $1.38 billion from $636 million year over year. Adjusted EBITDA reached $557 million, up from $301 million, though the filing does not address forward guidance.

The players

QXO

QXO is a building products distributor that has grown through acquisitions including Beacon Roofing Supply, TopBuild and Kodiak.

The details

QXO serves 194,000 customers across its legacy Beacon, Kodiak and TopBuild businesses and is integrating its sales, inventory and warehouse systems across the network. TRI-BUILT, inherited through the 2025 acquisition of Beacon Roofing Supply, reached a record 10.6% of sales.

Timeline

  1. 2025: QXO acquired Beacon Roofing Supply, bringing in the TRI-BUILT business.

  2. Third quarter 2025: Prior-year comparison period for the reported net loss and adjusted earnings.

  3. Third quarter 2026: QXO reported $4.9 billion in sales for the period.

Industry Dynamics

QXO's results reflect its consolidation strategy following the 2025 Beacon Roofing Supply acquisition, which brought the TRI-BUILT business into the company. The quarter shows that business reaching a record 10.6% of sales as the company integrates its legacy units.

Roofing and building product buyers may see pricing shifts, since companywide prices rose 2.2% year over year. The company is also using AI tools and better delivery planning, which could affect how quickly contractors receive materials.

The takeaway

The quarter shows QXO improving adjusted profitability while still reporting a GAAP loss, so readers should weigh adjusted and reported figures together. The new $500 million buyback signals management's confidence in its capital position.

Further reading

For more on the sector behind this report, see Construction coverage.

Source note: This article includes information reported by Roofing Contractor.

Live Poll

Do you expect roofing and home repair costs to keep rising in your area?