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

TELUS CORP is the larger business by last-quarter revenue ($3.7B vs $2.2B, roughly 1.7× QXO, Inc.). QXO, Inc. runs the higher net margin — -4.1% vs -4.8%, a 0.7% gap on every dollar of revenue. On growth, QXO, Inc. posted the faster year-over-year revenue change (14782.6% vs 2.2%).

Telus Corporation is a Canadian publicly traded holding company and conglomerate, headquartered in Vancouver, British Columbia, which is the parent company of several subsidiaries: Telus Communications offers telephony, television, data and Internet services; Telus Mobility offers wireless services; Telus Health operates companies that provide health products and services; and Telus Digital operates worldwide, providing multilingual customer service outsourcing and digital IT services. Telus ...

QXO vs TU — Head-to-Head

Bigger by revenue
TU
TU
1.7× larger
TU
$3.7B
$2.2B
QXO
Growing faster (revenue YoY)
QXO
QXO
+14780.4% gap
QXO
14782.6%
2.2%
TU
Higher net margin
QXO
QXO
0.7% more per $
QXO
-4.1%
-4.8%
TU

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
QXO
QXO
TU
TU
Revenue
$2.2B
$3.7B
Net Profit
$-90.3M
$-178.8M
Gross Margin
90.2%
Operating Margin
-3.2%
3.4%
Net Margin
-4.1%
-4.8%
Revenue YoY
14782.6%
2.2%
Net Profit YoY
-899.4%
-210.9%
EPS (diluted)
$-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
QXO
QXO
TU
TU
Q4 25
$2.2B
Q3 25
$2.7B
Q2 25
$1.9B
$3.7B
Q2 24
$3.6B
Net Profit
QXO
QXO
TU
TU
Q4 25
$-90.3M
Q3 25
$-139.4M
Q2 25
$-58.5M
$-178.8M
Q2 24
$161.3M
Gross Margin
QXO
QXO
TU
TU
Q4 25
Q3 25
23.3%
Q2 25
21.1%
90.2%
Q2 24
87.9%
Operating Margin
QXO
QXO
TU
TU
Q4 25
-3.2%
Q3 25
0.9%
Q2 25
-8.5%
3.4%
Q2 24
13.7%
Net Margin
QXO
QXO
TU
TU
Q4 25
-4.1%
Q3 25
-5.1%
Q2 25
-3.1%
-4.8%
Q2 24
4.4%
EPS (diluted)
QXO
QXO
TU
TU
Q4 25
$-0.21
Q3 25
$-0.24
Q2 25
$-0.15
Q2 24

Balance Sheet & Financial Strength

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

Metric
QXO
QXO
TU
TU
Cash + ST InvestmentsLiquidity on hand
$2.4B
$2.7B
Total DebtLower is stronger
$3.1B
Stockholders' EquityBook value
$9.7B
$11.8B
Total Assets
$15.9B
$44.3B
Debt / EquityLower = less leverage
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QXO
QXO
TU
TU
Q4 25
$2.4B
Q3 25
$2.3B
Q2 25
$2.3B
$2.7B
Q2 24
$676.7M
Total Debt
QXO
QXO
TU
TU
Q4 25
$3.1B
Q3 25
$3.1B
Q2 25
$3.1B
Q2 24
Stockholders' Equity
QXO
QXO
TU
TU
Q4 25
$9.7B
Q3 25
$9.8B
Q2 25
$9.9B
$11.8B
Q2 24
$12.4B
Total Assets
QXO
QXO
TU
TU
Q4 25
$15.9B
Q3 25
$16.6B
Q2 25
$17.1B
$44.3B
Q2 24
$41.8B
Debt / Equity
QXO
QXO
TU
TU
Q4 25
0.31×
Q3 25
0.31×
Q2 25
0.31×
Q2 24

Cash Flow & Capital Efficiency

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

Metric
QXO
QXO
TU
TU
Operating Cash FlowLast quarter
$186.6M
$851.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
QXO
QXO
TU
TU
Q4 25
$186.6M
Q3 25
$212.5M
Q2 25
$-174.2M
$851.2M
Q2 24
$1.0B
Free Cash Flow
QXO
QXO
TU
TU
Q4 25
Q3 25
$182.4M
Q2 25
Q2 24
FCF Margin
QXO
QXO
TU
TU
Q4 25
Q3 25
6.7%
Q2 25
Q2 24
Capex Intensity
QXO
QXO
TU
TU
Q4 25
Q3 25
1.1%
Q2 25
Q2 24
Cash Conversion
QXO
QXO
TU
TU
Q4 25
Q3 25
Q2 25
Q2 24
6.28×

Financial Flow Comparison

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

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