QXO, Inc. vs WESCO International, Inc., two Distribution stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
QXO and WESCO are both acquisition-built distributors, but WESCO has reached profitability, earning 13.24% on equity, while QXO is still in the red at a negative 5.07%, earlier in the same rollup playbook. WESCO trades at 24.7 times earnings and carries heavy debt, 1.13 turns; QXO at no earnings multiple, 1.30 times book, with lighter leverage so far. WESCO converts thin free cash, 1.25%, its acquisitions financed with debt; QXO burns cash building out. The pair shows two stages of growth-by-acquisition: WESCO the matured version earning real returns on a leveraged base, QXO the early version still spending toward its first profits, and WESCO is roughly what QXO hopes to become.
Comparison updated 2026-07-11.
| Metric | QXO | WCC |
|---|---|---|
| Price | $14.98 | $334.98 |
| Market cap | $11.2B | $16.6B |
| Sector | Distribution | Distribution |
| Stage | Growth | Mature |
| Implied growth (priced in) | — | +20.3% |
| P/E | — | 23.8 |
| P/B | 1.10 | 3.25 |
| P/S | 1.30 | 0.68 |
| EV/EBITDA | — | 15.0 |
| Revenue growth | +200.0% | +11.2% |
| Gross margin | 23.7% | — |
| Operating margin | -14.6% | 4.8% |
| Net margin | -6.0% | 2.8% |
| Return on equity | -5.1% | 13.2% |
| Return on assets | -3.1% | 4.0% |
| Return on invested capital | -2.7% | 9.3% |
| FCF yield | 1.8% | 1.3% |
| Debt / equity | 0.30 | 1.13 |
| Current ratio | 3.33 | 2.12 |
| Altman Z (solvency) | 1.76 | 3.16 |
| Piotroski F (quality) | 3 / 9 | 7 / 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.