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Side-by-side financial comparison of Lineage, Inc. (LINE) and QXO, Inc. (QXO). Click either name above to swap in a different company.

QXO, Inc. is the larger business by last-quarter revenue ($2.2B vs $1.4B, roughly 1.6× Lineage, Inc.). QXO, Inc. runs the higher net margin — -4.1% vs -7.3%, a 3.1% gap on every dollar of revenue. On growth, QXO, Inc. posted the faster year-over-year revenue change (14782.6% vs 3.1%).

Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.

LINE vs QXO — Head-to-Head

Bigger by revenue
QXO
QXO
1.6× larger
QXO
$2.2B
$1.4B
LINE
Growing faster (revenue YoY)
QXO
QXO
+14779.4% gap
QXO
14782.6%
3.1%
LINE
Higher net margin
QXO
QXO
3.1% more per $
QXO
-4.1%
-7.3%
LINE

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
LINE
LINE
QXO
QXO
Revenue
$1.4B
$2.2B
Net Profit
$-100.0M
$-90.3M
Gross Margin
32.3%
Operating Margin
2.5%
-3.2%
Net Margin
-7.3%
-4.1%
Revenue YoY
3.1%
14782.6%
Net Profit YoY
79.4%
-899.4%
EPS (diluted)
$-0.44
$-0.21

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LINE
LINE
QXO
QXO
Q4 25
$2.2B
Q3 25
$1.4B
$2.7B
Q2 25
$1.4B
$1.9B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$1.3B
Q1 24
$1.3B
Net Profit
LINE
LINE
QXO
QXO
Q4 25
$-90.3M
Q3 25
$-100.0M
$-139.4M
Q2 25
$-6.0M
$-58.5M
Q1 25
$0
Q4 24
$-71.0M
Q3 24
$-485.0M
Q2 24
$-68.0M
Q1 24
$-40.0M
Gross Margin
LINE
LINE
QXO
QXO
Q4 25
Q3 25
32.3%
23.3%
Q2 25
31.9%
21.1%
Q1 25
32.2%
Q4 24
32.3%
Q3 24
32.8%
Q2 24
33.4%
Q1 24
33.4%
Operating Margin
LINE
LINE
QXO
QXO
Q4 25
-3.2%
Q3 25
2.5%
0.9%
Q2 25
1.7%
-8.5%
Q1 25
4.3%
Q4 24
-1.6%
Q3 24
-38.6%
Q2 24
5.5%
Q1 24
7.6%
Net Margin
LINE
LINE
QXO
QXO
Q4 25
-4.1%
Q3 25
-7.3%
-5.1%
Q2 25
-0.4%
-3.1%
Q1 25
Q4 24
-5.3%
Q3 24
-36.3%
Q2 24
-5.1%
Q1 24
-3.0%
EPS (diluted)
LINE
LINE
QXO
QXO
Q4 25
$-0.21
Q3 25
$-0.44
$-0.24
Q2 25
$-0.03
$-0.15
Q1 25
$0.01
Q4 24
$-0.52
Q3 24
$-2.44
Q2 24
$-0.46
Q1 24
$-0.28

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LINE
LINE
QXO
QXO
Cash + ST InvestmentsLiquidity on hand
$2.4B
Total DebtLower is stronger
$3.1B
Stockholders' EquityBook value
$8.4B
$9.7B
Total Assets
$19.2B
$15.9B
Debt / EquityLower = less leverage
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LINE
LINE
QXO
QXO
Q4 25
$2.4B
Q3 25
$2.3B
Q2 25
$2.3B
Q1 25
Q4 24
$173.0M
Q3 24
$409.0M
Q2 24
$73.0M
Q1 24
Total Debt
LINE
LINE
QXO
QXO
Q4 25
$3.1B
Q3 25
$3.1B
Q2 25
$3.1B
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
LINE
LINE
QXO
QXO
Q4 25
$9.7B
Q3 25
$8.4B
$9.8B
Q2 25
$8.6B
$9.9B
Q1 25
$8.6B
Q4 24
$8.6B
Q3 24
$9.0B
Q2 24
$4.9B
Q1 24
$5.6B
Total Assets
LINE
LINE
QXO
QXO
Q4 25
$15.9B
Q3 25
$19.2B
$16.6B
Q2 25
$19.4B
$17.1B
Q1 25
$18.8B
Q4 24
$18.7B
Q3 24
$19.3B
Q2 24
$18.8B
Q1 24
Debt / Equity
LINE
LINE
QXO
QXO
Q4 25
0.31×
Q3 25
0.31×
Q2 25
0.31×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LINE
LINE
QXO
QXO
Operating Cash FlowLast quarter
$230.0M
$186.6M
Free Cash FlowOCF − Capex
$35.0M
FCF MarginFCF / Revenue
2.5%
Capex IntensityCapex / Revenue
14.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LINE
LINE
QXO
QXO
Q4 25
$186.6M
Q3 25
$230.0M
$212.5M
Q2 25
$258.0M
$-174.2M
Q1 25
$139.0M
Q4 24
Q3 24
$186.0M
Q2 24
$155.0M
Q1 24
$105.0M
Free Cash Flow
LINE
LINE
QXO
QXO
Q4 25
Q3 25
$35.0M
$182.4M
Q2 25
$95.0M
Q1 25
$-12.0M
Q4 24
Q3 24
$33.0M
Q2 24
$-31.0M
Q1 24
$-42.0M
FCF Margin
LINE
LINE
QXO
QXO
Q4 25
Q3 25
2.5%
6.7%
Q2 25
7.0%
Q1 25
-0.9%
Q4 24
Q3 24
2.5%
Q2 24
-2.3%
Q1 24
-3.2%
Capex Intensity
LINE
LINE
QXO
QXO
Q4 25
Q3 25
14.2%
1.1%
Q2 25
12.1%
Q1 25
11.7%
Q4 24
Q3 24
11.5%
Q2 24
13.9%
Q1 24
11.1%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LINE
LINE

Warehousing Operations$883.0M64%
Other$308.0M22%
Warehouse Lease$60.0M4%
Food Sales$52.0M4%
E Commerce And Other$46.0M3%
Railcar Lease$23.0M2%
Service Other$5.0M0%

QXO
QXO

Segment breakdown not available.

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