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stock has declined 42.8% year to date, a sharper drop than the 17.1% decline in the Zacks Technology Services industry. The share price also lagged the Zacks Business Services sector and the S&P 500 Index.
The Zacks Investment Research analysis attributes this underperformance to rising debt levels, increasing operating expenses, and substantial working capital needs that are weighing on profitability and cash generation.
Long-term debt for QXO rose to $6.03 billion as of June 30, 2026, up from $3.06 billion at the end of 2025. This increase in leverage has driven up financing costs.
Net interest expense reached $38 million in the second quarter of 2026, compared with $30 million in the same period a year earlier.
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