Core & Main vs QXO
Core & Main and QXO are similar in size: $7.65bn and $6.84bn of revenue in their latest fiscal years. QXO grew faster (11925.0% against 2.8%). Core & Main kept more of each dollar of sales as profit: a net margin of 5.8% against -4.1%.
| Latest fiscal year | Core & MainCNM, 2026 | QXOQXO, 2025 |
|---|---|---|
| Revenue | $7.65bn | $6.84bn |
| Revenue growth | 2.8% | 11925.0% |
| Net income | $441m | −$279m |
| Operating margin | 9.4% | — |
| Net margin | 5.8% | -4.1% |
| Return on equity | 23.9% | -3.8% |
| Free cash flow | $604m | $183m |
| Cash | $220m | $2.36bn |
| Total debt | $2.15bn | $3.10bn |
| Debt to equity | 107.6% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $155m | — |
| Employees | 5,600 | 7,794 |
| Market value | $8.70bn | $8.47bn |
| Price vs our value range | Within our value range | — |
| Moat score | 57 (Moderate) | 33 (Weak) |
| Insider trades, 12 months | 2 buys, 2 sales | 0 buys, 0 sales |