QXO, Inc. vs TD SYNNEX CORPORATION, two Distribution stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
QXO and TD Synnex both run on volume, but Synnex is a profitable IT distributor earning 11.24% on equity at a razor 1.52% margin, while QXO is a building-products rollup still losing money at a negative 5.07%. Synnex trades at 22.1 times earnings and converts a strong 5.86% free cash on its high-turnover model; QXO trades at no clean multiple and 1.30 times book, funding acquisitions. Both carry modest debt. The pair contrasts an efficient thin-margin distributor with an unprofitable growth-by-acquisition one: Synnex already earns its keep moving vast volumes of technology products, QXO is buying its way toward scale in building supply, and only Synnex has the working model today.
Comparison updated 2026-07-11.
| Metric | QXO | SNX |
|---|---|---|
| Price | $14.98 | $251.89 |
| Market cap | $11.2B | $20.1B |
| Sector | Distribution | Distribution |
| Stage | Growth | Growth |
| Implied growth (priced in) | — | +3.9% |
| P/E | — | 18.1 |
| P/B | 1.10 | 2.24 |
| P/S | 1.30 | 0.29 |
| EV/EBITDA | — | 10.6 |
| Revenue growth | +200.0% | +16.3% |
| Gross margin | 23.7% | 6.8% |
| Operating margin | -14.6% | 2.6% |
| Net margin | -6.0% | 1.6% |
| Return on equity | -5.1% | 12.7% |
| Return on assets | -3.1% | 3.0% |
| Return on invested capital | -2.7% | 13.8% |
| FCF yield | 1.8% | 1.9% |
| Dividend yield | — | 0.7% |
| Debt / equity | 0.30 | 0.13 |
| Current ratio | 3.33 | 1.20 |
| Altman Z (solvency) | 1.76 | 2.56 |
| Piotroski F (quality) | 3 / 9 | 5 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.