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Side-by-side financial comparison of Bath & Body Works, Inc. (BBWI) and RXO, Inc. (RXO). Click either name above to swap in a different company.
Bath & Body Works, Inc. is the larger business by last-quarter revenue ($1.6B vs $1.5B, roughly 1.1× RXO, Inc.). Bath & Body Works, Inc. runs the higher net margin — 4.8% vs -3.1%, a 8.0% gap on every dollar of revenue. On growth, Bath & Body Works, Inc. posted the faster year-over-year revenue change (-1.0% vs -11.9%). Bath & Body Works, Inc. produced more free cash flow last quarter ($-1.0M vs $-9.0M). Over the past eight quarters, RXO, Inc.'s revenue compounded faster (26.8% CAGR vs -26.0%).
Bath & Body Works, Inc. is an American specialty retail company based in Columbus, Ohio. It owns Bath & Body Works, posted $7.4 billion in revenue in 2023, and was listed as 481 on the 2024 Fortune 500 list of largest United States companies by revenue.
RXO, Inc. is a leading transportation and logistics solutions provider headquartered in the United States. Its core service portfolio includes freight brokerage, last-mile delivery for heavy and bulky goods, managed transportation services, and end-to-end supply chain optimization support, primarily catering to clients across the North American manufacturing, retail, and e-commerce segments.
BBWI vs RXO — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.5B |
| Net Profit | $77.0M | $-46.0M |
| Gross Margin | 41.3% | — |
| Operating Margin | 10.1% | -2.9% |
| Net Margin | 4.8% | -3.1% |
| Revenue YoY | -1.0% | -11.9% |
| Net Profit YoY | -27.4% | -84.0% |
| EPS (diluted) | $0.37 | $-0.28 |
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.
| Q4 25 | $1.6B | $1.5B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.4B | $1.4B | ||
| Q1 25 | $2.8B | $1.4B | ||
| Q4 24 | $1.6B | $1.7B | ||
| Q3 24 | $1.5B | $1.0B | ||
| Q2 24 | $1.4B | $930.0M | ||
| Q1 24 | $2.9B | $913.0M |
| Q4 25 | $77.0M | $-46.0M | ||
| Q3 25 | $64.0M | $-14.0M | ||
| Q2 25 | $105.0M | $-9.0M | ||
| Q1 25 | $453.0M | $-31.0M | ||
| Q4 24 | $106.0M | $-25.0M | ||
| Q3 24 | $152.0M | $-243.0M | ||
| Q2 24 | $87.0M | $-7.0M | ||
| Q1 24 | $579.0M | $-15.0M |
| Q4 25 | 41.3% | — | ||
| Q3 25 | 41.3% | — | ||
| Q2 25 | 45.4% | — | ||
| Q1 25 | 46.7% | — | ||
| Q4 24 | 43.5% | — | ||
| Q3 24 | 41.0% | — | ||
| Q2 24 | 43.8% | — | ||
| Q1 24 | 45.9% | — |
| Q4 25 | 10.1% | -2.9% | ||
| Q3 25 | 10.1% | -0.5% | ||
| Q2 25 | 14.7% | — | ||
| Q1 25 | 24.3% | -2.1% | ||
| Q4 24 | 13.5% | -1.4% | ||
| Q3 24 | 12.0% | -1.9% | ||
| Q2 24 | 13.5% | — | ||
| Q1 24 | 23.9% | -1.3% |
| Q4 25 | 4.8% | -3.1% | ||
| Q3 25 | 4.1% | -1.0% | ||
| Q2 25 | 7.4% | -0.6% | ||
| Q1 25 | 16.3% | -2.2% | ||
| Q4 24 | 6.6% | -1.5% | ||
| Q3 24 | 10.0% | -23.4% | ||
| Q2 24 | 6.3% | -0.8% | ||
| Q1 24 | 19.9% | -1.6% |
| Q4 25 | $0.37 | $-0.28 | ||
| Q3 25 | $0.30 | $-0.08 | ||
| Q2 25 | $0.49 | $-0.05 | ||
| Q1 25 | $2.06 | $-0.18 | ||
| Q4 24 | $0.49 | $-0.17 | ||
| Q3 24 | $0.68 | $-1.81 | ||
| Q2 24 | $0.38 | $-0.06 | ||
| Q1 24 | $2.54 | $-0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $236.0M | $17.0M |
| Total DebtLower is stronger | $3.9B | $387.0M |
| Stockholders' EquityBook value | $-1.6B | $1.5B |
| Total Assets | $5.0B | $3.3B |
| Debt / EquityLower = less leverage | — | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $236.0M | $17.0M | ||
| Q3 25 | $364.0M | $25.0M | ||
| Q2 25 | $636.0M | $18.0M | ||
| Q1 25 | $674.0M | $16.0M | ||
| Q4 24 | $191.0M | $35.0M | ||
| Q3 24 | $514.0M | $55.0M | ||
| Q2 24 | $855.0M | $7.0M | ||
| Q1 24 | $1.1B | $7.0M |
| Q4 25 | $3.9B | $387.0M | ||
| Q3 25 | $3.9B | $387.0M | ||
| Q2 25 | $3.9B | $387.0M | ||
| Q1 25 | $3.9B | $387.0M | ||
| Q4 24 | $4.2B | $351.0M | ||
| Q3 24 | $4.2B | $352.0M | ||
| Q2 24 | $4.3B | $370.0M | ||
| Q1 24 | $4.4B | $351.0M |
| Q4 25 | $-1.6B | $1.5B | ||
| Q3 25 | $-1.5B | $1.6B | ||
| Q2 25 | $-1.5B | $1.6B | ||
| Q1 25 | $-1.4B | $1.6B | ||
| Q4 24 | $-1.7B | $1.6B | ||
| Q3 24 | $-1.7B | $1.7B | ||
| Q2 24 | $-1.7B | $579.0M | ||
| Q1 24 | $-1.6B | $582.0M |
| Q4 25 | $5.0B | $3.3B | ||
| Q3 25 | $4.8B | $3.2B | ||
| Q2 25 | $4.9B | $3.2B | ||
| Q1 25 | $4.9B | $3.3B | ||
| Q4 24 | $5.0B | $3.4B | ||
| Q3 24 | $4.9B | $3.4B | ||
| Q2 24 | $5.2B | $1.8B | ||
| Q1 24 | $5.5B | $1.8B |
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.60× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $80.0M | $7.0M |
| Free Cash FlowOCF − Capex | $-1.0M | $-9.0M |
| FCF MarginFCF / Revenue | -0.1% | -0.6% |
| Capex IntensityCapex / Revenue | 5.1% | 1.1% |
| Cash ConversionOCF / Net Profit | 1.04× | — |
| TTM Free Cash FlowTrailing 4 quarters | $946.0M | $-8.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.0M | $7.0M | ||
| Q3 25 | $-43.0M | $23.0M | ||
| Q2 25 | $188.0M | $23.0M | ||
| Q1 25 | $955.0M | $-2.0M | ||
| Q4 24 | $-99.0M | $-7.0M | ||
| Q3 24 | $-46.0M | $-7.0M | ||
| Q2 24 | $76.0M | $-5.0M | ||
| Q1 24 | $926.0M | $7.0M |
| Q4 25 | $-1.0M | $-9.0M | ||
| Q3 25 | $-99.0M | $9.0M | ||
| Q2 25 | $151.0M | $9.0M | ||
| Q1 25 | $895.0M | $-17.0M | ||
| Q4 24 | $-164.0M | $-19.0M | ||
| Q3 24 | $-101.0M | $-18.0M | ||
| Q2 24 | $30.0M | $-16.0M | ||
| Q1 24 | $878.0M | $-4.0M |
| Q4 25 | -0.1% | -0.6% | ||
| Q3 25 | -6.4% | 0.6% | ||
| Q2 25 | 10.6% | 0.6% | ||
| Q1 25 | 32.1% | -1.2% | ||
| Q4 24 | -10.2% | -1.1% | ||
| Q3 24 | -6.6% | -1.7% | ||
| Q2 24 | 2.2% | -1.7% | ||
| Q1 24 | 30.2% | -0.4% |
| Q4 25 | 5.1% | 1.1% | ||
| Q3 25 | 3.6% | 1.0% | ||
| Q2 25 | 2.6% | 1.0% | ||
| Q1 25 | 2.2% | 1.0% | ||
| Q4 24 | 4.0% | 0.7% | ||
| Q3 24 | 3.6% | 1.1% | ||
| Q2 24 | 3.3% | 1.2% | ||
| Q1 24 | 1.6% | 1.2% |
| Q4 25 | 1.04× | — | ||
| Q3 25 | -0.67× | — | ||
| Q2 25 | 1.79× | — | ||
| Q1 25 | 2.11× | — | ||
| Q4 24 | -0.93× | — | ||
| Q3 24 | -0.30× | — | ||
| Q2 24 | 0.87× | — | ||
| Q1 24 | 1.60× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BBWI
| Bath Body Works Stores | $1.2B | 77% |
| Bath Body Works Direct | $299.0M | 19% |
| Bath Body Works International | $73.0M | 5% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
