Qxo (QXO) Invested Capital (2009 - 2026)
Qxo (QXO) recorded Invested Capital of $16.42 billion in Q2 2026, up 24.7% from $13.17 billion a year earlier and up 24.2% from the prior quarter.
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Analysis
Qxo (QXO) Invested Capital (2009 - 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 330.2% (FY2020 to FY2025).
- Across earlier years, Invested Capital came in at $5.06 billion in FY2024, $9.2 million in FY2023 (-22.0%), $11.79 million in FY2022 (+11.0%) and $10.62 million in FY2021 (+22.7%).
- The Q2 2026 figure is the highest quarterly Invested Capital in data going back to Q1 2009.
- On a year-over-year basis, Invested Capital has increased for four consecutive quarters, with growth averaging 123.6% 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 $12.92 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 69.71 Bn | 67.47 Bn | 2.01 Bn | 7.42 Bn |
| 2 | United Rentals | 69.67 Bn | 68.79 Bn | 2.05 Bn | 24.37 Bn |
| 3 | Fastenal | 63.32 Bn | 62.32 Bn | 1.10 Bn | 4.25 Bn |
| 4 | Ferguson Enterprises | 49.80 Bn | 47.02 Bn | 2.32 Bn | 10.00 Bn |
| 5 | Sunbelt Rentals Holdings | 33.71 Bn | 33.59 Bn | 1.25 Bn | 16.00 Bn |
| 6 | Reliance | 21.79 Bn | 20.85 Bn | 1.45 Bn | 9.37 Bn |
| 7 | Wesco International | 15.66 Bn | 12.70 Bn | 1.57 Bn | 11.45 Bn |
| 8 | Qxo | 13.09 Bn | 4.38 Bn | 1.38 Bn | 24.66 Bn |
| 9 | Watsco | 11.10 Bn | 9.17 Bn | 586.29 Mn | 4.10 Bn |
| 10 | Applied Industrial Technologies | 10.86 Bn | 10.75 Bn | 392.21 Mn | 2.17 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 24.66 Bn |
| Jun 30, 2026 | 16.42 Bn |
| Mar 31, 2026 | 13.22 Bn |
| Dec 31, 2025 | 12.76 Bn |
| Sep 30, 2025 | 12.92 Bn |
| Jun 30, 2025 | 13.17 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 | 11.83 Mn |
| Mar 31, 2023 | 11.65 Mn |
| Dec 31, 2022 | 11.79 Mn |
| Sep 30, 2022 | 11.06 Mn |
| Jun 30, 2022 | 11.57 Mn |
| Mar 31, 2022 | 11.69 Mn |
| Dec 31, 2021 | 10.62 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();