XPO · Xpo, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $8.16B | $8.07B | $7.74B | $7.72B | $12.81B | $16.25B |
| Cost of Revenue | - | - | - | - | - | $7.85B |
| Gross Profit | - | - | - | - | - | $8.40B |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | $678.00M | $1.32B | $2.17B |
| Total Operating Expenses | $1.57B | $1.59B | $1.49B | - | - | $5.84B |
| D&A | $467.00M | $432.00M | $376.00M | $336.00M | $388.00M | $616.00M |
| Operating Income | $656.00M | $660.00M | $438.00M | $377.00M | $616.00M | $391.00M |
| Interest Expense | $219.00M | $223.00M | $168.00M | $135.00M | $211.00M | $325.00M |
| Income Tax | $121.00M | $86.00M | $68.00M | $74.00M | $87.00M | $31.00M |
| Net Income | $316.00M | $387.00M | $189.00M | $666.00M | $336.00M | $110.00M |
| EPS - Basic | $2.69 | $3.33 | $1.64 | $5.79 | $1.78 | $0.30 |
| EPS - Diluted | $2.64 | $3.23 | $1.60 | $5.76 | $1.74 | $0.27 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $310.00M | $246.00M | $412.00M | $460.00M | $260.00M | $2.05B |
| Accounts Receivable | $1.03B | $977.00M | $973.00M | $954.00M | $2.10B | $2.89B |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $455.00M | $477.00M | $532.00M | $521.00M | $1.11B | $1.25B |
| Current Assets | $1.63B | $1.50B | $1.59B | $1.63B | $2.68B | $5.37B |
| Total Assets | $8.19B | $7.71B | $7.49B | $6.27B | $8.71B | $16.17B |
| Current Liabilities | $1.55B | $1.42B | $1.59B | $1.51B | $2.54B | $5.15B |
| Long-term Debt | $3.25B | $3.33B | $3.33B | $2.47B | $3.51B | $5.37B |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $1.86B | $1.60B | $1.27B | $1.01B | $1.14B | $2.71B |
| Retained Earnings | $888.00M | $572.00M | $185.00M | ($4.00M) | $43.00M | $868.00M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $986.00M | $808.00M | $694.00M | $296.00M | $656.00M | $885.00M |
| Investing Cash Flow | ($616.00M) | ($702.00M) | ($1.50B) | ($70.00M) | ($184.00M) | ($357.00M) |
| Financing Cash Flow | ($339.00M) | ($226.00M) | $761.00M | $1.15B | ($1.93B) | $1.14B |
| CapEx | $657.00M | $789.00M | $1.53B | $521.00M | $313.00M | $526.00M |
| Free Cash Flow | $329.00M | $19.00M | ($839.00M) | ($225.00M) | $343.00M | $359.00M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | 51.7% |
| Operating margin | 8.0% | 8.2% | 5.7% | 4.9% | 4.8% | 2.4% |
| EBITDA margin | 13.8% | 13.5% | 10.5% | 9.2% | 7.8% | 6.2% |
| Net margin | 3.9% | 4.8% | 2.4% | 8.6% | 2.6% | 0.7% |
| Free cash flow margin | 4.0% | 0.2% | -10.8% | -2.9% | 2.7% | 2.2% |
| FCF / Net income | 1.04 | 0.05 | -4.44 | -0.34 | 1.02 | 3.26 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | 8.8% | 10.3% | 13.4% |
| Effective tax rate | 27.7% | 18.2% | 26.5% | 10.0% | 20.6% | 22.0% |
| Return on assets | 3.9% | 5.0% | 2.5% | 10.6% | 3.9% | 0.7% |
| Return on equity | 17.0% | 24.2% | 14.9% | 65.8% | 29.5% | 4.1% |
| Return on invested capital | 9.3% | 11.0% | 7.0% | 9.7% | 10.5% | 3.8% |
| Liquidity | ||||||
| Current ratio | 1.05 | 1.06 | 1.00 | 1.08 | 1.05 | 1.04 |
| Quick ratio | 1.05 | 1.06 | 1.00 | 1.08 | 1.05 | 1.04 |
| Cash ratio | 0.20 | 0.17 | 0.26 | 0.31 | 0.10 | 0.40 |
| Leverage | ||||||
| Debt / Equity | 1.75 | 2.08 | 2.63 | 2.44 | 3.09 | 1.98 |
| Debt / Assets | 0.40 | 0.43 | 0.45 | 0.39 | 0.40 | 0.33 |
| Debt / EBITDA | 2.90 | 3.04 | 4.10 | 3.47 | 3.50 | 5.33 |
| Interest coverage | 3.0x | 3.0x | 2.6x | 2.8x | 2.9x | 1.2x |
| Equity multiplier | 4.40 | 4.82 | 5.92 | 6.19 | 7.65 | 5.97 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 1.00 | 1.05 | 1.03 | 1.23 | 1.47 | 1.01 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 46d | 44d | 46d | 45d | 60d | 65d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | 58d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 51.5x | 40.6x | 54.7x | 5.8x | 26.4x | 152.8x |
| P / B | 8.7x | 9.8x | 8.2x | 3.8x | 4.6x | 1.6x |
| P / S | 2.0x | 1.9x | 1.3x | 0.5x | 0.4x | 0.3x |
| EV / EBITDA | 17.0x | 17.2x | 16.3x | 8.2x | 8.5x | 7.5x |
| Growth | ||||||
| Revenue growth (YoY) | 1.1% | 4.2% | 0.3% | -39.7% | -21.2% | -2.4% |
| Revenue CAGR (3y) | 1.9% | -14.3% | -21.9% | -22.6% | -9.5% | 1.9% |
| Revenue CAGR (5y) | -12.9% | -13.5% | -14.8% | -12.9% | -2.6% | 16.3% |
| Gross profit growth (YoY) | - | - | - | - | - | 0.7% |
| Operating income growth (YoY) | -0.6% | 50.7% | 16.2% | -38.8% | 57.5% | -52.4% |
| Net income growth (YoY) | -18.3% | 104.8% | -71.6% | 98.2% | 205.5% | -73.7% |
| EPS growth (YoY) | -18.3% | 101.9% | -72.2% | 230.9% | 545.4% | -92.4% |
| EPS CAGR (3y) | -22.9% | 22.9% | 81.0% | 17.3% | -15.4% | -52.1% |
| EPS CAGR (5y) | 57.8% | -2.0% | -11.1% | 18.6% | 26.9% | - |
| FCF growth (YoY) | 1631.6% | - | -272.9% | - | -4.5% | 88.9% |
| FCF CAGR (5y) | -1.7% | -36.9% | - | - | 19.3% | - |
| Book value growth (YoY) | 16.2% | 26.5% | 25.1% | -11.1% | -58.0% | -1.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$8.16B totalNorth American LTL$4.83B · 59.2%
European Transportation$3.32B · 40.8%
Geographic
$8.16B totalUS$4.73B · 57.9%
FR$1.30B · 16.0%
GB$1.14B · 14.0%
Europe Excluding France And United Kingdom$877.00M · 10.8%
North America Excluding United States$106.00M · 1.3%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Transportation Services
Comparing XPO against the 5 most active filers in the same SIC group.