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Side-by-side financial comparison of CrowdStrike (CRWD) 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 $1.2B, roughly 1.2× CrowdStrike). CrowdStrike runs the higher net margin — -2.8% vs -3.1%, a 0.4% gap on every dollar of revenue. On growth, CrowdStrike posted the faster year-over-year revenue change (22.2% vs -11.9%). CrowdStrike produced more free cash flow last quarter ($314.1M vs $-9.0M). Over the past eight quarters, RXO, Inc.'s revenue compounded faster (26.8% CAGR vs 20.8%).
CrowdStrike Holdings, Inc. is an American cybersecurity technology company based in Austin, Texas. It provides endpoint security, threat intelligence, and cyberattack response services.
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.
CRWD vs RXO — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.5B |
| Net Profit | $-34.0M | $-46.0M |
| Gross Margin | 75.1% | — |
| Operating Margin | -5.6% | -2.9% |
| Net Margin | -2.8% | -3.1% |
| Revenue YoY | 22.2% | -11.9% |
| Net Profit YoY | -102.1% | -84.0% |
| EPS (diluted) | $-0.14 | $-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 | $1.2B | $1.5B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $1.1B | $1.4B | ||
| Q4 24 | $1.0B | $1.7B | ||
| Q3 24 | $963.9M | $1.0B | ||
| Q2 24 | $921.0M | $930.0M | ||
| Q1 24 | $845.3M | $913.0M |
| Q4 25 | $-34.0M | $-46.0M | ||
| Q3 25 | $-77.7M | $-14.0M | ||
| Q2 25 | $-110.2M | $-9.0M | ||
| Q1 25 | $-92.3M | $-31.0M | ||
| Q4 24 | $-16.8M | $-25.0M | ||
| Q3 24 | $47.0M | $-243.0M | ||
| Q2 24 | $42.8M | $-7.0M | ||
| Q1 24 | $53.7M | $-15.0M |
| Q4 25 | 75.1% | — | ||
| Q3 25 | 73.5% | — | ||
| Q2 25 | 73.8% | — | ||
| Q1 25 | 74.1% | — | ||
| Q4 24 | 74.7% | — | ||
| Q3 24 | 75.4% | — | ||
| Q2 24 | 75.6% | — | ||
| Q1 24 | 75.3% | — |
| Q4 25 | -5.6% | -2.9% | ||
| Q3 25 | -9.7% | -0.5% | ||
| Q2 25 | -11.3% | — | ||
| Q1 25 | -8.1% | -2.1% | ||
| Q4 24 | -5.5% | -1.4% | ||
| Q3 24 | 1.4% | -1.9% | ||
| Q2 24 | 0.8% | — | ||
| Q1 24 | 3.5% | -1.3% |
| Q4 25 | -2.8% | -3.1% | ||
| Q3 25 | -6.6% | -1.0% | ||
| Q2 25 | -10.0% | -0.6% | ||
| Q1 25 | -8.7% | -2.2% | ||
| Q4 24 | -1.7% | -1.5% | ||
| Q3 24 | 4.9% | -23.4% | ||
| Q2 24 | 4.6% | -0.8% | ||
| Q1 24 | 6.4% | -1.6% |
| Q4 25 | $-0.14 | $-0.28 | ||
| Q3 25 | $-0.31 | $-0.08 | ||
| Q2 25 | $-0.44 | $-0.05 | ||
| Q1 25 | $-0.37 | $-0.18 | ||
| Q4 24 | $-0.07 | $-0.17 | ||
| Q3 24 | $0.19 | $-1.81 | ||
| Q2 24 | $0.17 | $-0.06 | ||
| Q1 24 | $0.23 | $-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 | $4.8B | $17.0M |
| Total DebtLower is stronger | — | $387.0M |
| Stockholders' EquityBook value | $4.0B | $1.5B |
| Total Assets | $10.0B | $3.3B |
| Debt / EquityLower = less leverage | — | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.8B | $17.0M | ||
| Q3 25 | $5.0B | $25.0M | ||
| Q2 25 | $4.6B | $18.0M | ||
| Q1 25 | $4.3B | $16.0M | ||
| Q4 24 | $4.3B | $35.0M | ||
| Q3 24 | $4.0B | $55.0M | ||
| Q2 24 | $3.7B | $7.0M | ||
| Q1 24 | $3.5B | $7.0M |
| Q4 25 | — | $387.0M | ||
| Q3 25 | — | $387.0M | ||
| Q2 25 | — | $387.0M | ||
| Q1 25 | — | $387.0M | ||
| Q4 24 | — | $351.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | — | $370.0M | ||
| Q1 24 | — | $351.0M |
| Q4 25 | $4.0B | $1.5B | ||
| Q3 25 | $3.8B | $1.6B | ||
| Q2 25 | $3.5B | $1.6B | ||
| Q1 25 | $3.3B | $1.6B | ||
| Q4 24 | $3.1B | $1.6B | ||
| Q3 24 | $2.9B | $1.7B | ||
| Q2 24 | $2.5B | $579.0M | ||
| Q1 24 | $2.3B | $582.0M |
| Q4 25 | $10.0B | $3.3B | ||
| Q3 25 | $9.3B | $3.2B | ||
| Q2 25 | $8.7B | $3.2B | ||
| Q1 25 | $8.7B | $3.3B | ||
| Q4 24 | $7.8B | $3.4B | ||
| Q3 24 | $7.2B | $3.4B | ||
| Q2 24 | $6.8B | $1.8B | ||
| Q1 24 | $6.6B | $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 | $397.5M | $7.0M |
| Free Cash FlowOCF − Capex | $314.1M | $-9.0M |
| FCF MarginFCF / Revenue | 25.5% | -0.6% |
| Capex IntensityCapex / Revenue | 6.8% | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.2B | $-8.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $397.5M | $7.0M | ||
| Q3 25 | $332.8M | $23.0M | ||
| Q2 25 | $384.1M | $23.0M | ||
| Q1 25 | $345.7M | $-2.0M | ||
| Q4 24 | $326.1M | $-7.0M | ||
| Q3 24 | $326.6M | $-7.0M | ||
| Q2 24 | $383.2M | $-5.0M | ||
| Q1 24 | $347.0M | $7.0M |
| Q4 25 | $314.1M | $-9.0M | ||
| Q3 25 | $302.3M | $9.0M | ||
| Q2 25 | $298.4M | $9.0M | ||
| Q1 25 | $258.5M | $-17.0M | ||
| Q4 24 | $247.4M | $-19.0M | ||
| Q3 24 | $287.4M | $-18.0M | ||
| Q2 24 | $333.5M | $-16.0M | ||
| Q1 24 | $294.4M | $-4.0M |
| Q4 25 | 25.5% | -0.6% | ||
| Q3 25 | 25.9% | 0.6% | ||
| Q2 25 | 27.0% | 0.6% | ||
| Q1 25 | 24.4% | -1.2% | ||
| Q4 24 | 24.5% | -1.1% | ||
| Q3 24 | 29.8% | -1.7% | ||
| Q2 24 | 36.2% | -1.7% | ||
| Q1 24 | 34.8% | -0.4% |
| Q4 25 | 6.8% | 1.1% | ||
| Q3 25 | 2.6% | 1.0% | ||
| Q2 25 | 7.8% | 1.0% | ||
| Q1 25 | 8.2% | 1.0% | ||
| Q4 24 | 7.8% | 0.7% | ||
| Q3 24 | 4.1% | 1.1% | ||
| Q2 24 | 5.4% | 1.2% | ||
| Q1 24 | 6.2% | 1.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.95× | — | ||
| Q2 24 | 8.95× | — | ||
| Q1 24 | 6.46× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRWD
| Subscription And Circulation | $1.2B | 95% |
| Professional Services | $65.5M | 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% |
