ASX vs. QXO: A Head-to-Head Stock Comparison

Updated on July 7, 2025

Here’s a clear look at ASX and QXO, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Overview

ASX’s market capitalization of 22.53 billion USD is substantially larger than QXO’s 12.71 billion USD, indicating a significant difference in their market valuations.

QXO carries a higher beta at 2.34, indicating it’s more sensitive to market moves, while ASX (beta: 0.92) exhibits greater stability.

ASX trades as an American Depositary Receipt (ADR), offering U.S. investors a convenient way to access its foreign-listed shares. In contrast, QXO is a standard domestic listing.

Symbol	ASX	QXO
Company Name	ASE Technology Holding Co., Ltd.	QXO Inc
Country	TW	US
Sector	Technology	Technology
Industry	Semiconductors	Software - Application
CEO	Hung-Pen Chang	Bradley S. Jacobs
Price	10.37 USD	21.98 USD
Market Cap	22.53 billion USD	12.71 billion USD
Beta	0.92	2.34
Exchange	NYSE	NASDAQ
IPO Date	October 2, 2000	April 17, 2012
ADR	Yes	No

Historical Performance

This chart compares the performance of ASX and QXO by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period.

Data is adjusted for dividends and splits.

ASX vs. QXO: Growth of a $10,000 investment over the past one year.

Profitability

Return on Equity

ASX

11.03%

Semiconductors Industry

Max: 41.84%
Q3: 15.81%
Median: 6.31%
Q1: -5.54%
Min: -30.12%

ASX’s Return on Equity of 11.03% is on par with the norm for the Semiconductors industry, indicating its profitability relative to shareholder equity is typical for the sector.

QXO

0.91%

Software - Application Industry

Max: 59.01%
Q3: 17.85%
Median: 4.73%
Q1: -10.56%
Min: -52.94%

QXO’s Return on Equity of 0.91% is on par with the norm for the Software - Application industry, indicating its profitability relative to shareholder equity is typical for the sector.

ASX vs. QXO: A comparison of their ROE against their respective Semiconductors and Software - Application industry benchmarks.

Return on Invested Capital

ASX

5.98%

Semiconductors Industry

Max: 30.91%
Q3: 11.34%
Median: 4.08%
Q1: -2.17%
Min: -19.59%

ASX’s Return on Invested Capital of 5.98% is in line with the norm for the Semiconductors industry, reflecting a standard level of efficiency in generating profits from its capital base.

QXO

-1.18%

Software - Application Industry

Max: 35.07%
Q3: 9.72%
Median: 0.76%
Q1: -8.68%
Min: -34.12%

QXO has a negative Return on Invested Capital of -1.18%. This indicates that its operations are failing to generate a profit on the total capital invested, signaling significant inefficiency or value destruction.

ASX vs. QXO: A comparison of their ROIC against their respective Semiconductors and Software - Application industry benchmarks.

Net Profit Margin

ASX

5.61%

Semiconductors Industry

Max: 51.69%
Q3: 19.67%
Median: 8.56%
Q1: -5.44%
Min: -38.60%

ASX’s Net Profit Margin of 5.61% is aligned with the median group of its peers in the Semiconductors industry. This indicates its ability to convert revenue into profit is typical for the sector.

QXO

65.39%

Software - Application Industry

Max: 48.14%
Q3: 16.07%
Median: 1.83%
Q1: -9.60%
Min: -45.64%

QXO’s Net Profit Margin of 65.39% is exceptionally high, placing it well beyond the typical range for the Software - Application industry. This demonstrates outstanding operational efficiency and a strong competitive advantage in converting revenue into profit.

ASX vs. QXO: A comparison of their Net Profit Margin against their respective Semiconductors and Software - Application industry benchmarks.

Operating Profit Margin

ASX

7.01%

Semiconductors Industry

Max: 58.03%
Q3: 22.12%
Median: 8.40%
Q1: -3.73%
Min: -36.14%

ASX’s Operating Profit Margin of 7.01% is around the midpoint for the Semiconductors industry, indicating that its efficiency in managing core business operations is typical for the sector.

QXO

-197.54%

Software - Application Industry

Max: 51.67%
Q3: 15.35%
Median: 1.79%
Q1: -12.42%
Min: -45.17%

QXO has a negative Operating Profit Margin of -197.54%. This signifies the company is unprofitable at the operational level, as its core business expenses exceed its revenue.

ASX vs. QXO: A comparison of their Operating Margin against their respective Semiconductors and Software - Application industry benchmarks.

Profitability at a Glance

Symbol	ASX	QXO
Return on Equity (TTM)	11.03%	0.91%
Return on Assets (TTM)	4.43%	0.72%
Return on Invested Capital (TTM)	5.98%	-1.18%
Net Profit Margin (TTM)	5.61%	65.39%
Operating Profit Margin (TTM)	7.01%	-197.54%
Gross Profit Margin (TTM)	16.32%	40.51%

Financial Strength

Current Ratio

ASX

1.04

Semiconductors Industry

Max: 9.10
Q3: 5.23
Median: 3.09
Q1: 2.49
Min: 1.02

ASX’s Current Ratio of 1.04 falls into the lower quartile for the Semiconductors industry. This indicates a tighter liquidity situation and a more constrained capacity to handle short-term debt than many of its competitors.

QXO

95.23

Software - Application Industry

Max: 5.09
Q3: 2.84
Median: 1.70
Q1: 1.12
Min: 0.04

QXO’s Current Ratio of 95.23 is exceptionally high, placing it well outside the typical range for the Software - Application industry. This indicates a very strong liquidity position, though such a high ratio may also suggest that the company is not using its assets efficiently to generate profits.

ASX vs. QXO: A comparison of their Current Ratio against their respective Semiconductors and Software - Application industry benchmarks.

Debt-to-Equity Ratio

ASX

0.72

Semiconductors Industry

Max: 0.97
Q3: 0.46
Median: 0.21
Q1: 0.05
Min: 0.00

ASX’s leverage is in the upper quartile of the Semiconductors industry, with a Debt-to-Equity Ratio of 0.72. While this approach can boost equity growth, it also exposes the company to greater financial vulnerability.

QXO

0.00

Software - Application Industry

Max: 1.85
Q3: 0.77
Median: 0.18
Q1: 0.05
Min: 0.00

Falling into the lower quartile for the Software - Application industry, QXO’s Debt-to-Equity Ratio of 0.00 points to a conservative financing strategy. This results in lower financial risk but potentially limits strategic investments compared to more leveraged competitors.

ASX vs. QXO: A comparison of their D/E Ratio against their respective Semiconductors and Software - Application industry benchmarks.

Interest Coverage Ratio

ASX

7.79

Semiconductors Industry

Max: 36.25
Q3: 29.12
Median: 7.01
Q1: -1.22
Min: -18.18

ASX’s Interest Coverage Ratio of 7.79 is positioned comfortably within the norm for the Semiconductors industry, indicating a standard and healthy capacity to cover its interest payments.

QXO

-18,419.00

Software - Application Industry

Max: 39.23
Q3: 8.55
Median: 1.48
Q1: -14.59
Min: -39.97

QXO has a negative Interest Coverage Ratio of -18,419.00. This indicates that its earnings were insufficient to cover even its operational costs, let alone its interest payments, signaling significant financial distress.

ASX vs. QXO: A comparison of their Interest Coverage against their respective Semiconductors and Software - Application industry benchmarks.

Financial Strength at a Glance

Symbol	ASX	QXO
Current Ratio (TTM)	1.04	95.23
Quick Ratio (TTM)	0.82	95.23
Debt-to-Equity Ratio (TTM)	0.72	0.00
Debt-to-Asset Ratio (TTM)	0.29	0.00
Net Debt-to-EBITDA Ratio (TTM)	1.32	-73.63
Interest Coverage Ratio (TTM)	7.79	-18419.00

Growth

The following charts compare key year-over-year (YoY) growth metrics for ASX and QXO. These metrics are based on the companies’ annual financial reports.

Revenue Growth

ASX vs. QXO: A comparison of their annual year-over-year Revenue Growth.

Earnings Per Share (EPS) Growth

ASX vs. QXO: A comparison of their annual year-over-year Earnings Per Share (EPS) Growth.

Free Cash Flow Growth

ASX vs. QXO: A comparison of their annual year-over-year Free Cash Flow Growth.

Dividend

Dividend Yield

ASX

3.60%

Semiconductors Industry

Max: 6.48%
Q3: 0.93%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

With a Dividend Yield of 3.60%, ASX offers a more attractive income stream than most of its peers in the Semiconductors industry, signaling a strong commitment to shareholder returns.

QXO

0.00%

Software - Application Industry

Max: 3.66%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

QXO currently does not pay a dividend, resulting in a yield of 0%. This is a common strategy for growth-focused companies that prioritize reinvesting earnings, though it may be less typical in mature, income-oriented sectors.

ASX vs. QXO: A comparison of their Dividend Yield against their respective Semiconductors and Software - Application industry benchmarks.

Dividend Payout Ratio

ASX

65.52%

Semiconductors Industry

Max: 204.29%
Q3: 31.85%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

ASX’s Dividend Payout Ratio of 65.52% is in the upper quartile for the Semiconductors industry. This indicates a strong commitment to shareholder returns but also suggests that a smaller portion of earnings is retained for reinvestment compared to many peers.

QXO

197.21%

Software - Application Industry

Max: 81.09%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

QXO’s Dividend Payout Ratio of 197.21% is above 100%. This means the company is paying out more in dividends than it earned, a practice that is often unsustainable and could indicate a risk to future dividend stability.

ASX vs. QXO: A comparison of their Payout Ratio against their respective Semiconductors and Software - Application industry benchmarks.

Dividend at a Glance

Symbol	ASX	QXO
Dividend Yield (TTM)	3.60%	0.00%
Dividend Payout Ratio (TTM)	65.52%	197.21%

Valuation

Price-to-Earnings Ratio

ASX

18.57

Semiconductors Industry

Max: 86.15
Q3: 47.38
Median: 27.87
Q1: 18.89
Min: 4.73

In the lower quartile for the Semiconductors industry, ASX’s P/E Ratio of 18.57 suggests the stock may be undervalued compared to its peers, potentially presenting an attractive entry point for investors.

QXO

271.22

Software - Application Industry

Max: 194.31
Q3: 98.56
Median: 51.87
Q1: 22.76
Min: 1.02

At 271.22, QXO’s P/E Ratio is exceptionally high, exceeding the typical maximum for the Software - Application industry. This suggests the stock may be significantly overvalued compared to its peers and implies high market expectations that could be difficult to meet.

ASX vs. QXO: A comparison of their P/E Ratio against their respective Semiconductors and Software - Application industry benchmarks.

Forward P/E to Growth Ratio

ASX

0.73

Semiconductors Industry

Max: 4.73
Q3: 2.80
Median: 1.11
Q1: 0.68
Min: 0.01

The Forward PEG Ratio is often not a primary valuation metric in the Semiconductors industry.

QXO

246.79

Software - Application Industry

Max: 15.44
Q3: 6.57
Median: 2.78
Q1: 0.55
Min: 0.00

QXO’s Forward PEG Ratio of 246.79 is exceptionally high for the Software - Application industry. This suggests its stock price is very high relative to its expected earnings growth, signaling significant overvaluation risk.

ASX vs. QXO: A comparison of their Forward PEG Ratio against their respective Semiconductors and Software - Application industry benchmarks.

Price-to-Sales Ratio

ASX

1.05

Semiconductors Industry

Max: 21.96
Q3: 10.21
Median: 4.45
Q1: 2.32
Min: 0.48

In the lower quartile for the Semiconductors industry, ASX’s P/S Ratio of 1.05 indicates its revenue is valued more conservatively than most of its peers. This could present a compelling opportunity if the market has overlooked its sales-generating capabilities.

QXO

227.19

Software - Application Industry

Max: 23.49
Q3: 11.14
Median: 5.62
Q1: 2.84
Min: 0.33

With a P/S Ratio of 227.19, QXO trades at a valuation that eclipses even the highest in the Software - Application industry. This implies the market has priced in exceptionally optimistic scenarios for future revenue growth, posing considerable valuation risk.

ASX vs. QXO: A comparison of their P/S Ratio against their respective Semiconductors and Software - Application industry benchmarks.

Price-to-Book Ratio

ASX

2.04

Semiconductors Industry

Max: 13.12
Q3: 6.49
Median: 3.31
Q1: 1.74
Min: 0.23

ASX’s P/B Ratio of 2.04 is within the conventional range for the Semiconductors industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.

QXO

1.96

Software - Application Industry

Max: 21.03
Q3: 10.49
Median: 6.36
Q1: 2.89
Min: 0.12

The P/B Ratio is often not a primary valuation metric for the Software - Application industry.

ASX vs. QXO: A comparison of their P/B Ratio against their respective Semiconductors and Software - Application industry benchmarks.

Valuation at a Glance

Symbol	ASX	QXO
Price-to-Earnings Ratio (P/E, TTM)	18.57	271.22
Forward PEG Ratio (TTM)	0.73	246.79
Price-to-Sales Ratio (P/S, TTM)	1.05	227.19
Price-to-Book Ratio (P/B, TTM)	2.04	1.96
Price-to-Free Cash Flow Ratio (P/FCF, TTM)	-63.40	105.76
EV-to-EBITDA (TTM)	7.08	110.55
EV-to-Sales (TTM)	1.29	136.37