Qxo (QXO) Invested Capital (2010 - 2026)
Qxo (QXO) recorded Invested Capital of $16.41 billion in Q2 2026, up 26.5% from $12.97 billion a year earlier and up 24.1% from the prior quarter.
Powered by 
Analysis
Qxo (QXO) Invested Capital (2010 - 2026) Analysis & Trends
For FY2025, Qxo reported Invested Capital of $12.76 billion, up 152.5% from FY2024.
- Annual Invested Capital has a five-year compound annual growth rate of 334.1% (FY2020 to FY2025).
- Across earlier years, Invested Capital came in at $5.06 billion in FY2024, $9.2 million in FY2023 (-17.2%), $11.11 million in FY2022 (+7.5%) and $10.33 million in FY2021 (+24.8%).
- The Q2 2026 figure is the highest quarterly Invested Capital in data going back to Q4 2010.
- On a year-over-year basis, Invested Capital has increased for four consecutive quarters, with growth averaging 123.9% over the last four quarters.
- Peak year-over-year performance for Invested Capital in the last five years was growth of 161.2% in Q1 2026, against a decline of 29.0% in Q3 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $13.22 billion (Q1 2026), $12.76 billion (Q4 2025) and $12.87 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | United Rentals | 67.37 Bn | 66.13 Bn | 1.73 Bn | 23.45 Bn |
| 2 | W.W. Grainger | 60.32 Bn | 58.30 Bn | 1.98 Bn | 6.92 Bn |
| 3 | Fastenal | 58.24 Bn | 57.16 Bn | 1.06 Bn | 4.19 Bn |
| 4 | Ferguson Enterprises | 43.34 Bn | 40.56 Bn | 2.32 Bn | 10.00 Bn |
| 5 | Sunbelt Rentals Holdings | 31.62 Bn | 31.50 Bn | 1.25 Bn | 16.00 Bn |
| 6 | Reliance | 20.43 Bn | 19.48 Bn | 1.30 Bn | 9.08 Bn |
| 7 | Wesco International | 18.60 Bn | 15.91 Bn | 1.46 Bn | 11.16 Bn |
| 8 | Applied Industrial Technologies | 12.64 Bn | 12.52 Bn | 411.22 Mn | 2.12 Bn |
| 9 | Watsco | 10.59 Bn | 8.75 Bn | 578.93 Mn | 3.59 Bn |
| 10 | Qxo | 2.46 Bn | -8.03 Bn | 803.00 Mn | 16.41 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.41 Bn |
| Mar 31, 2026 | 13.22 Bn |
| Dec 31, 2025 | 12.76 Bn |
| Sep 30, 2025 | 12.87 Bn |
| Jun 30, 2025 | 12.97 Bn |
| Mar 31, 2025 | 5.06 Bn |
| Dec 31, 2024 | 5.06 Bn |
| Sep 30, 2024 | 5.04 Bn |
| Jun 30, 2024 | 972.68 Mn |
| Mar 31, 2024 | 9.18 Mn |
| Dec 31, 2023 | 9.20 Mn |
| Sep 30, 2023 | 7.85 Mn |
| Jun 30, 2023 | 11.35 Mn |
| Mar 31, 2023 | 11.14 Mn |
| Dec 31, 2022 | 11.11 Mn |
| Sep 30, 2022 | 11.06 Mn |
| Jun 30, 2022 | 11.04 Mn |
| Mar 31, 2022 | 11.16 Mn |
| Dec 31, 2021 | 10.33 Mn |
| Sep 30, 2021 | 10.45 Mn |
API Access
Qxo Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=QXO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "QXO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=QXO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();