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Side-by-side financial comparison of BREAD FINANCIAL HOLDINGS, INC. (BFH) and RXO, Inc. (RXO). Click either name above to swap in a different company.
RXO, Inc. is the larger business by last-quarter revenue ($1.5B vs $975.0M, roughly 1.5× BREAD FINANCIAL HOLDINGS, INC.). On growth, BREAD FINANCIAL HOLDINGS, INC. posted the faster year-over-year revenue change (5.4% vs -11.9%). Over the past eight quarters, RXO, Inc.'s revenue compounded faster (26.8% CAGR vs -0.8%).
Bread Financial Holdings, Inc. is an American publicly traded provider of private label credit cards, coalition loyalty programs, and direct marketing, derived from the capture and analysis of transaction-rich data.
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.
BFH vs RXO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $975.0M | $1.5B |
| Net Profit | — | $-46.0M |
| Gross Margin | — | — |
| Operating Margin | 4.9% | -2.9% |
| Net Margin | — | -3.1% |
| Revenue YoY | 5.4% | -11.9% |
| Net Profit YoY | — | -84.0% |
| EPS (diluted) | $1.21 | $-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 | $975.0M | $1.5B | ||
| Q3 25 | $971.0M | $1.4B | ||
| Q2 25 | $929.0M | $1.4B | ||
| Q1 25 | $970.0M | $1.4B | ||
| Q4 24 | $925.0M | $1.7B | ||
| Q3 24 | $983.0M | $1.0B | ||
| Q2 24 | $939.0M | $930.0M | ||
| Q1 24 | $991.0M | $913.0M |
| Q4 25 | — | $-46.0M | ||
| Q3 25 | $188.0M | $-14.0M | ||
| Q2 25 | $139.0M | $-9.0M | ||
| Q1 25 | $138.0M | $-31.0M | ||
| Q4 24 | — | $-25.0M | ||
| Q3 24 | $2.0M | $-243.0M | ||
| Q2 24 | $133.0M | $-7.0M | ||
| Q1 24 | $134.0M | $-15.0M |
| Q4 25 | 4.9% | -2.9% | ||
| Q3 25 | 20.2% | -0.5% | ||
| Q2 25 | 18.7% | — | ||
| Q1 25 | 20.3% | -2.1% | ||
| Q4 24 | -2.9% | -1.4% | ||
| Q3 24 | 4.1% | -1.9% | ||
| Q2 24 | 19.2% | — | ||
| Q1 24 | 19.0% | -1.3% |
| Q4 25 | — | -3.1% | ||
| Q3 25 | 19.4% | -1.0% | ||
| Q2 25 | 15.0% | -0.6% | ||
| Q1 25 | 14.2% | -2.2% | ||
| Q4 24 | — | -1.5% | ||
| Q3 24 | 0.2% | -23.4% | ||
| Q2 24 | 14.2% | -0.8% | ||
| Q1 24 | 13.5% | -1.6% |
| Q4 25 | $1.21 | $-0.28 | ||
| Q3 25 | $3.96 | $-0.08 | ||
| Q2 25 | $2.94 | $-0.05 | ||
| Q1 25 | $2.78 | $-0.18 | ||
| Q4 24 | $0.08 | $-0.17 | ||
| Q3 24 | $0.05 | $-1.81 | ||
| Q2 24 | $2.66 | $-0.06 | ||
| Q1 24 | $2.70 | $-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 | $3.6B | $17.0M |
| Total DebtLower is stronger | $4.3B | $387.0M |
| Stockholders' EquityBook value | $3.3B | $1.5B |
| Total Assets | $22.7B | $3.3B |
| Debt / EquityLower = less leverage | 1.29× | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.6B | $17.0M | ||
| Q3 25 | $3.8B | $25.0M | ||
| Q2 25 | $3.8B | $18.0M | ||
| Q1 25 | $4.2B | $16.0M | ||
| Q4 24 | $4.0B | $35.0M | ||
| Q3 24 | $3.5B | $55.0M | ||
| Q2 24 | $4.1B | $7.0M | ||
| Q1 24 | $3.8B | $7.0M |
| Q4 25 | $4.3B | $387.0M | ||
| Q3 25 | $3.8B | $387.0M | ||
| Q2 25 | $4.2B | $387.0M | ||
| Q1 25 | $5.1B | $387.0M | ||
| Q4 24 | $5.6B | $351.0M | ||
| Q3 24 | $4.6B | $352.0M | ||
| Q2 24 | — | $370.0M | ||
| Q1 24 | — | $351.0M |
| Q4 25 | $3.3B | $1.5B | ||
| Q3 25 | $3.3B | $1.6B | ||
| Q2 25 | $3.2B | $1.6B | ||
| Q1 25 | $3.1B | $1.6B | ||
| Q4 24 | $3.1B | $1.6B | ||
| Q3 24 | $3.1B | $1.7B | ||
| Q2 24 | $3.2B | $579.0M | ||
| Q1 24 | $3.0B | $582.0M |
| Q4 25 | $22.7B | $3.3B | ||
| Q3 25 | $21.7B | $3.2B | ||
| Q2 25 | $21.8B | $3.2B | ||
| Q1 25 | $22.4B | $3.3B | ||
| Q4 24 | $22.9B | $3.4B | ||
| Q3 24 | $21.7B | $3.4B | ||
| Q2 24 | $22.1B | $1.8B | ||
| Q1 24 | $22.3B | $1.8B |
| Q4 25 | 1.29× | 0.25× | ||
| Q3 25 | 1.14× | 0.24× | ||
| Q2 25 | 1.34× | 0.24× | ||
| Q1 25 | 1.67× | 0.24× | ||
| Q4 24 | 1.82× | 0.22× | ||
| Q3 24 | 1.47× | 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 | $568.0M | $7.0M |
| Free Cash FlowOCF − Capex | — | $-9.0M |
| FCF MarginFCF / Revenue | — | -0.6% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-8.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $568.0M | $7.0M | ||
| Q3 25 | $605.0M | $23.0M | ||
| Q2 25 | $526.0M | $23.0M | ||
| Q1 25 | $393.0M | $-2.0M | ||
| Q4 24 | $479.0M | $-7.0M | ||
| Q3 24 | $456.0M | $-7.0M | ||
| Q2 24 | $477.0M | $-5.0M | ||
| Q1 24 | $447.0M | $7.0M |
| Q4 25 | — | $-9.0M | ||
| Q3 25 | — | $9.0M | ||
| Q2 25 | — | $9.0M | ||
| Q1 25 | — | $-17.0M | ||
| Q4 24 | — | $-19.0M | ||
| Q3 24 | — | $-18.0M | ||
| Q2 24 | — | $-16.0M | ||
| Q1 24 | — | $-4.0M |
| Q4 25 | — | -0.6% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | -1.2% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | -1.7% | ||
| Q2 24 | — | -1.7% | ||
| Q1 24 | — | -0.4% |
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 1.2% |
| Q4 25 | — | — | ||
| Q3 25 | 3.22× | — | ||
| Q2 25 | 3.78× | — | ||
| Q1 25 | 2.85× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 228.00× | — | ||
| Q2 24 | 3.59× | — | ||
| Q1 24 | 3.34× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFH
Segment breakdown not available.
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% |
