Company: QXO-PB
Filing Date: 2025-04-16
Form Type: 424B5
Source: 0001140361-25-014221
Chunk: 53

Company: QXO, Inc.
Filing Date: 2025-04-16
Form: 424B5
Chunk 53
---
 Gross Profit The following table summarizes gross profit and gross margin by branch classification for the periods presented (in millions):

|                            |     | Year Ended December 31, |     |          |     | Change(1) |     |      |
|:---------------------------|:----|------------------------:|:----|---------:|:----|----------:|:----|:-----|
|                            |     |                    2024 |     |     2023 |     |         $ |     | %    |
| Organic gross profit       |     |                         |     |          |     |           |     |      |
| Existing                   |     |                $2,359.6 |     | $2,342.7 |     |     $16.9 |     | 0.7% |
| Greenfields                |     |                    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 |