Qxo (QXO) Research & Development (2013 - 2024)
Qxo (QXO) posted quarterly Research & Development of $2.3 million for Q1 2024, up 7.65% year-over-year from $2.2 million in Q2 2023, and up 1.8% quarter-over-quarter from $2.3 million in Q4 2023.
Qxo (QXO) Research & Development (2013 - 2024) Analysis & Trends
Qxo's Research & Development history runs 12 years deep, the most recent figure standing at $2.3 million for Q1 2024.
- In Q1 2024, Research & Development rose 7.65% year-over-year to $2.3 million; the TTM figure through Mar 2024 stood at $9.0 million (up 10.69% YoY), while the FY2023 annual figure was $8.9 million, up 14.3% from the prior year.
- Research & Development for Q1 2024 stood at $2.3 million, up from $2.3 million in the prior quarter.
- The five-year high for Research & Development was $2.3 million in Q1 2024, with the low at $1.6 million in Q2 2021.
- The 5-year median for Research & Development is $1.9 million (2020), against an average of $1.9 million.
- The sharpest annual moves came in 2021 and 2022: Research & Development fell 13.14% in 2021, then climbed 24.69% in 2022.
- Qxo's Research & Development stood at $1.9 million in 2020, then retreated by 13.14% to $1.7 million in 2021, then grew by 24.69% to $2.1 million in 2022, then gained by 9.73% to $2.3 million in 2023, then climbed by 1.8% to $2.3 million in 2024.
- Business Quant data shows QXO's Research & Development at $2.3 million in Q1 2024, $2.3 million in Q4 2023, and $2.2 million in Q3 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 62.04 Bn | 61.46 Bn | 1.98 Bn | - |
| 2 | Fastenal | 59.03 Bn | 58.83 Bn | 1.06 Bn | - |
| 3 | Ferguson Enterprises | 47.99 Bn | 47.17 Bn | 2.32 Bn | - |
| 4 | Wesco International | 17.78 Bn | 16.97 Bn | 1.46 Bn | - |
| 5 | Applied Industrial Technologies | 13.25 Bn | 13.08 Bn | 380.80 Mn | - |
| 6 | Watsco | 11.97 Bn | 11.50 Bn | 578.93 Mn | - |
| 7 | Core & Main | 8.70 Bn | 8.55 Bn | 520.00 Mn | - |
| 8 | Pool | 7.21 Bn | 7.18 Bn | 540.76 Mn | - |
| 9 | Msc Industrial Direct | 6.76 Bn | 6.69 Bn | 430.41 Mn | - |
| 10 | Qxo | 3.02 Bn | -22.03 Mn | 409.30 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 2.35 Mn |
| Dec 31, 2023 | 2.30 Mn |
| Sep 30, 2023 | 2.23 Mn |
| Jun 30, 2023 | 2.14 Mn |
| Mar 31, 2023 | 2.18 Mn |
| Dec 31, 2022 | 2.10 Mn |
| Sep 30, 2022 | 2.02 Mn |
| Jun 30, 2022 | 1.85 Mn |
| Mar 31, 2022 | 1.78 Mn |
| Dec 31, 2021 | 1.68 Mn |
| Sep 30, 2021 | 1.70 Mn |
| Jun 30, 2021 | 1.61 Mn |
| Mar 31, 2021 | 1.72 Mn |
| Dec 31, 2020 | 1.94 Mn |
| Sep 30, 2020 | 1.75 Mn |
| Jun 30, 2020 | 1.73 Mn |
| Mar 31, 2020 | 1.94 Mn |
| Dec 31, 2019 | 1.77 Mn |
| Sep 30, 2019 | 1.77 Mn |
| Jun 30, 2019 | 1.57 Mn |