QXO Insulation (BLD) Operating Expenses (2014 - 2026)
QXO Insulation's (BLD) quarterly Operating Expenses came in at $225.2 million in Q1 2026, up 29.44% YoY from $174.0 million in Q1 2025, and little changed on a QoQ basis from $224.9 million in Q4 2025.
QXO Insulation (BLD) Operating Expenses (2014 - 2026) Analysis & Trends
QXO Insulation (BLD) has 13 years of Operating Expenses data on file, last reported at $225.2 million in Q1 2026.
- Quarterly Operating Expenses rose 29.44% year-over-year to $225.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $828.3 million (up 11.94% YoY) and the FY2025 annual result came in at $777.1 million, up 5.21% from the prior year.
- Operating Expenses steadied at $225.2 million in Q1 2026, from $224.9 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $225.2 million in Q1 2026 to a low of $167.2 million in Q1 2022.
- A 5-year average of $185.6 million and a median of $176.9 million in 2022 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 64.17% — and 2025, when it declined 18.39%.
- Tracing BLD's Operating Expenses over 5 years: stood at $172.6 million in 2022, then advanced by 7.97% to $186.3 million in 2023, then dropped by 6.3% to $174.6 million in 2024, then climbed by 28.83% to $224.9 million in 2025, then gained by 0.13% to $225.2 million in 2026.
- The last three Operating Expenses figures came in at $225.2 million (Q1 2026), $224.9 million (Q4 2025), and $203.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 102.18 Bn | 101.77 Bn | 1.55 Bn | 698.49 Mn |
| 2 | Comfort Systems Usa | 72.82 Bn | 70.97 Bn | 844.23 Mn | 287.05 Mn |
| 3 | Ferrovial | 47.62 Bn | 42.63 Bn | - | - |
| 4 | Emcor | 36.31 Bn | 35.39 Bn | 1.02 Bn | 475.04 Mn |
| 5 | Mastec | 20.38 Bn | 20.19 Bn | 556.28 Mn | 206.47 Mn |
| 6 | Sterling Infrastructure | 19.23 Bn | 18.73 Bn | 194.30 Mn | 49.26 Mn |
| 7 | APi | 17.20 Bn | 16.35 Bn | 703.00 Mn | 528.00 Mn |
| 8 | Jacobs Solutions | 16.40 Bn | 15.02 Bn | 794.89 Mn | 876.07 Mn |
| 9 | IES Holdings | 15.99 Bn | 15.73 Bn | 340.66 Mn | 162.17 Mn |
| 10 | QXO Insulation | 9.92 Bn | 9.65 Bn | 400.25 Mn | 225.21 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 225.21 Mn |
| Dec 31, 2025 | 224.92 Mn |
| Sep 30, 2025 | 203.91 Mn |
| Jun 30, 2025 | 174.25 Mn |
| Mar 31, 2025 | 173.98 Mn |
| Dec 31, 2024 | 174.58 Mn |
| Sep 30, 2024 | 177.82 Mn |
| Jun 30, 2024 | 213.53 Mn |
| Mar 31, 2024 | 172.64 Mn |
| Dec 31, 2023 | 186.32 Mn |
| Sep 30, 2023 | 183.20 Mn |
| Jun 30, 2023 | 184.70 Mn |
| Mar 31, 2023 | 170.78 Mn |
| Dec 31, 2022 | 172.56 Mn |
| Sep 30, 2022 | 172.87 Mn |
| Jun 30, 2022 | 176.88 Mn |
| Mar 31, 2022 | 167.25 Mn |
| Dec 31, 2021 | 164.72 Mn |
| Sep 30, 2021 | 116.49 Mn |
| Jun 30, 2021 | 114.89 Mn |