vs
Side-by-side financial comparison of Fabrinet (FN) 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 $1.1B, roughly 1.3× Fabrinet). Fabrinet runs the higher net margin — 9.9% vs -3.1%, a 13.1% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs -11.9%). Fabrinet produced more free cash flow last quarter ($-5.3M vs $-9.0M). Over the past eight quarters, RXO, Inc.'s revenue compounded faster (26.8% CAGR vs 24.4%).
FabrinetFNEarnings & Financial Report
Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.
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.
FN vs RXO — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.5B |
| Net Profit | $112.6M | $-46.0M |
| Gross Margin | 12.2% | — |
| Operating Margin | 10.1% | -2.9% |
| Net Margin | 9.9% | -3.1% |
| Revenue YoY | 35.9% | -11.9% |
| Net Profit YoY | 30.0% | -84.0% |
| EPS (diluted) | $3.11 | $-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 | $1.1B | $1.5B | ||
| Q3 25 | $978.1M | $1.4B | ||
| Q2 25 | $909.7M | $1.4B | ||
| Q1 25 | $871.8M | $1.4B | ||
| Q4 24 | $833.6M | $1.7B | ||
| Q3 24 | $804.2M | $1.0B | ||
| Q2 24 | $753.3M | $930.0M | ||
| Q1 24 | $731.5M | $913.0M |
| Q4 25 | $112.6M | $-46.0M | ||
| Q3 25 | $95.9M | $-14.0M | ||
| Q2 25 | $87.2M | $-9.0M | ||
| Q1 25 | $81.3M | $-31.0M | ||
| Q4 24 | $86.6M | $-25.0M | ||
| Q3 24 | $77.4M | $-243.0M | ||
| Q2 24 | $81.1M | $-7.0M | ||
| Q1 24 | $80.9M | $-15.0M |
| Q4 25 | 12.2% | — | ||
| Q3 25 | 11.9% | — | ||
| Q2 25 | 12.2% | — | ||
| Q1 25 | 11.7% | — | ||
| Q4 24 | 12.1% | — | ||
| Q3 24 | 12.3% | — | ||
| Q2 24 | 12.3% | — | ||
| Q1 24 | 12.4% | — |
| Q4 25 | 10.1% | -2.9% | ||
| Q3 25 | 9.6% | -0.5% | ||
| Q2 25 | 9.8% | — | ||
| Q1 25 | 9.0% | -2.1% | ||
| Q4 24 | 9.5% | -1.4% | ||
| Q3 24 | 9.6% | -1.9% | ||
| Q2 24 | 9.7% | — | ||
| Q1 24 | 9.7% | -1.3% |
| Q4 25 | 9.9% | -3.1% | ||
| Q3 25 | 9.8% | -1.0% | ||
| Q2 25 | 9.6% | -0.6% | ||
| Q1 25 | 9.3% | -2.2% | ||
| Q4 24 | 10.4% | -1.5% | ||
| Q3 24 | 9.6% | -23.4% | ||
| Q2 24 | 10.8% | -0.8% | ||
| Q1 24 | 11.1% | -1.6% |
| Q4 25 | $3.11 | $-0.28 | ||
| Q3 25 | $2.66 | $-0.08 | ||
| Q2 25 | $2.41 | $-0.05 | ||
| Q1 25 | $2.25 | $-0.18 | ||
| Q4 24 | $2.38 | $-0.17 | ||
| Q3 24 | $2.13 | $-1.81 | ||
| Q2 24 | $2.22 | $-0.06 | ||
| Q1 24 | $2.21 | $-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 | $960.8M | $17.0M |
| Total DebtLower is stronger | — | $387.0M |
| Stockholders' EquityBook value | $2.2B | $1.5B |
| Total Assets | $3.3B | $3.3B |
| Debt / EquityLower = less leverage | — | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $960.8M | $17.0M | ||
| Q3 25 | $968.8M | $25.0M | ||
| Q2 25 | $934.2M | $18.0M | ||
| Q1 25 | $950.7M | $16.0M | ||
| Q4 24 | $934.6M | $35.0M | ||
| Q3 24 | $908.9M | $55.0M | ||
| Q2 24 | $858.6M | $7.0M | ||
| Q1 24 | $794.0M | $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 | $2.2B | $1.5B | ||
| Q3 25 | $2.1B | $1.6B | ||
| Q2 25 | $2.0B | $1.6B | ||
| Q1 25 | $1.9B | $1.6B | ||
| Q4 24 | $1.8B | $1.6B | ||
| Q3 24 | $1.8B | $1.7B | ||
| Q2 24 | $1.7B | $579.0M | ||
| Q1 24 | $1.7B | $582.0M |
| Q4 25 | $3.3B | $3.3B | ||
| Q3 25 | $3.0B | $3.2B | ||
| Q2 25 | $2.8B | $3.2B | ||
| Q1 25 | $2.6B | $3.3B | ||
| Q4 24 | $2.5B | $3.4B | ||
| Q3 24 | $2.4B | $3.4B | ||
| Q2 24 | $2.3B | $1.8B | ||
| Q1 24 | $2.2B | $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 | $46.3M | $7.0M |
| Free Cash FlowOCF − Capex | $-5.3M | $-9.0M |
| FCF MarginFCF / Revenue | -0.5% | -0.6% |
| Capex IntensityCapex / Revenue | 4.6% | 1.1% |
| Cash ConversionOCF / Net Profit | 0.41× | — |
| TTM Free Cash FlowTrailing 4 quarters | $102.3M | $-8.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $46.3M | $7.0M | ||
| Q3 25 | $102.6M | $23.0M | ||
| Q2 25 | $55.1M | $23.0M | ||
| Q1 25 | $74.2M | $-2.0M | ||
| Q4 24 | $115.9M | $-7.0M | ||
| Q3 24 | $83.2M | $-7.0M | ||
| Q2 24 | $83.1M | $-5.0M | ||
| Q1 24 | $100.9M | $7.0M |
| Q4 25 | $-5.3M | $-9.0M | ||
| Q3 25 | $57.3M | $9.0M | ||
| Q2 25 | $4.7M | $9.0M | ||
| Q1 25 | $45.7M | $-17.0M | ||
| Q4 24 | $94.0M | $-19.0M | ||
| Q3 24 | $62.9M | $-18.0M | ||
| Q2 24 | $70.4M | $-16.0M | ||
| Q1 24 | $87.3M | $-4.0M |
| Q4 25 | -0.5% | -0.6% | ||
| Q3 25 | 5.9% | 0.6% | ||
| Q2 25 | 0.5% | 0.6% | ||
| Q1 25 | 5.2% | -1.2% | ||
| Q4 24 | 11.3% | -1.1% | ||
| Q3 24 | 7.8% | -1.7% | ||
| Q2 24 | 9.3% | -1.7% | ||
| Q1 24 | 11.9% | -0.4% |
| Q4 25 | 4.6% | 1.1% | ||
| Q3 25 | 4.6% | 1.0% | ||
| Q2 25 | 5.5% | 1.0% | ||
| Q1 25 | 3.3% | 1.0% | ||
| Q4 24 | 2.6% | 0.7% | ||
| Q3 24 | 2.5% | 1.1% | ||
| Q2 24 | 1.7% | 1.2% | ||
| Q1 24 | 1.9% | 1.2% |
| Q4 25 | 0.41× | — | ||
| Q3 25 | 1.07× | — | ||
| Q2 25 | 0.63× | — | ||
| Q1 25 | 0.91× | — | ||
| Q4 24 | 1.34× | — | ||
| Q3 24 | 1.07× | — | ||
| Q2 24 | 1.02× | — | ||
| Q1 24 | 1.25× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
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% |
