Company: QXO-PB
Filing Date: 2025-04-18
Form Type: 424B5
Source: 0001140361-25-014598
Chunk: 52

Company: QXO, Inc.
Filing Date: 2025-04-18
Form: 424B5
Chunk 52
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 43.8 |     |        — |     |      43.8 |     | n/m  |
| Total organic gross profit |     |                 2,403.4 |     |  2,342.7 |     |      60.7 |     | 2.6% |
| Acquired                   |     |                   101.4 |     |        — |     |     101.4 |     | n/m  |
| Total gross profit         |     |                $2,504.8 |     | $2,342.7 |     |    $162.1 |     | 6.9% |
| Gross margin               |     |                   25.7% |     |    25.7% |     |       N/A |     | —%   |

| (1) | Percentage changes for dollar amounts represent the ratable increase or decrease from period-to-period. Percentage changes for percentages represent the net period-to-period change in basis points. |

S-32

TABLE OF CONTENTS

Gross margin was 25.7% in both 2024 and 2023. Gross margin remained unchanged from the prior year as the increase in weighted-average selling price of approximately 1-2% was offset by an increase in weighted-average product cost of approximately 0-1% and a modestly higher non-residential product mix. Selling, General, and Administrative (“SG&A”) Expense The following table summarizes SG&A expense by branch classification for the periods presented (in millions):

|                              |     | Year Ended December 31, 
                    2024 |     |     2023 |     | Change |     | %     |
|:-----------------------------|:----|------------------------:|:----|---------:|:----|-------:|:----|:------|
| Organic SG&A                 |     |                         |     |          |     |        |     |       |
| Existing(1)                  |     |                $1,526.4 |     | $1,452.9 |     |  $73.5 |     | 5.1%  |
| Greenfields(2)               |     |                    35.4 |     |      1.4 |     |   34.0 |     | n/m   |
| Total organic SG&A           |     |                 1,561.8 |     |  1,454.3