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Side-by-side financial comparison of GXO Logistics, Inc. (GXO) and International Paper (IP). Click either name above to swap in a different company.

International Paper is the larger business by last-quarter revenue ($4.7B vs $3.5B, roughly 1.4× GXO Logistics, Inc.). GXO Logistics, Inc. runs the higher net margin — 1.2% vs -50.3%, a 51.5% gap on every dollar of revenue. On growth, GXO Logistics, Inc. posted the faster year-over-year revenue change (7.9% vs 3.6%). International Paper produced more free cash flow last quarter ($255.0M vs $115.0M). Over the past eight quarters, GXO Logistics, Inc.'s revenue compounded faster (19.5% CAGR vs 1.3%).

GXO Logistics, Inc. is an American global contract logistics company that manages outsourced supply chains and warehousing, and reverse logistics for blue-chip customers in over thirty countries. GXO's corporate headquarters are located in Greenwich, Connecticut, U.S. Its customers include Apple, Nike Inc., Boeing Co., Verizon, Whirlpool, Inditex SA, and Nestle SA.

The International Paper Company is an American pulp and paper company, the largest such company in the world. It has approximately 39,000 employees, and is headquartered in Memphis, Tennessee.

GXO vs IP — Head-to-Head

Bigger by revenue
IP
IP
1.4× larger
IP
$4.7B
$3.5B
GXO
Growing faster (revenue YoY)
GXO
GXO
+4.3% gap
GXO
7.9%
3.6%
IP
Higher net margin
GXO
GXO
51.5% more per $
GXO
1.2%
-50.3%
IP
More free cash flow
IP
IP
$140.0M more FCF
IP
$255.0M
$115.0M
GXO
Faster 2-yr revenue CAGR
GXO
GXO
Annualised
GXO
19.5%
1.3%
IP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GXO
GXO
IP
IP
Revenue
$3.5B
$4.7B
Net Profit
$43.0M
$-2.4B
Gross Margin
32.2%
Operating Margin
2.7%
-56.4%
Net Margin
1.2%
-50.3%
Revenue YoY
7.9%
3.6%
Net Profit YoY
-57.0%
-1521.8%
EPS (diluted)
$0.35
$-4.76

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.

Revenue
GXO
GXO
IP
IP
Q4 25
$3.5B
$4.7B
Q3 25
$3.4B
$6.2B
Q2 25
$3.3B
$6.8B
Q1 25
$3.0B
$5.9B
Q4 24
$3.3B
$4.6B
Q3 24
$3.2B
$4.7B
Q2 24
$2.8B
$4.7B
Q1 24
$2.5B
$4.6B
Net Profit
GXO
GXO
IP
IP
Q4 25
$43.0M
$-2.4B
Q3 25
$59.0M
$-1.1B
Q2 25
$26.0M
$75.0M
Q1 25
$-96.0M
$-105.0M
Q4 24
$100.0M
$-147.0M
Q3 24
$33.0M
$150.0M
Q2 24
$38.0M
$498.0M
Q1 24
$-37.0M
$56.0M
Gross Margin
GXO
GXO
IP
IP
Q4 25
32.2%
Q3 25
31.1%
Q2 25
27.9%
Q1 25
27.8%
Q4 24
29.0%
Q3 24
28.7%
Q2 24
29.0%
Q1 24
25.9%
Operating Margin
GXO
GXO
IP
IP
Q4 25
2.7%
-56.4%
Q3 25
3.5%
-10.8%
Q2 25
2.7%
1.7%
Q1 25
-1.9%
-2.3%
Q4 24
3.1%
-4.9%
Q3 24
2.6%
5.1%
Q2 24
2.6%
6.8%
Q1 24
-1.6%
3.7%
Net Margin
GXO
GXO
IP
IP
Q4 25
1.2%
-50.3%
Q3 25
1.7%
-17.7%
Q2 25
0.8%
1.1%
Q1 25
-3.2%
-1.8%
Q4 24
3.1%
-3.2%
Q3 24
1.0%
3.2%
Q2 24
1.3%
10.5%
Q1 24
-1.5%
1.2%
EPS (diluted)
GXO
GXO
IP
IP
Q4 25
$0.35
$-4.76
Q3 25
$0.51
$-2.09
Q2 25
$0.23
$0.14
Q1 25
$-0.81
$-0.24
Q4 24
$0.83
$-0.42
Q3 24
$0.28
$0.42
Q2 24
$0.32
$1.41
Q1 24
$-0.31
$0.16

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GXO
GXO
IP
IP
Cash + ST InvestmentsLiquidity on hand
$854.0M
$1.1B
Total DebtLower is stronger
$2.6B
$8.8B
Stockholders' EquityBook value
$3.0B
$14.8B
Total Assets
$12.3B
$38.0B
Debt / EquityLower = less leverage
0.88×
0.60×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GXO
GXO
IP
IP
Q4 25
$854.0M
$1.1B
Q3 25
$339.0M
$995.0M
Q2 25
$205.0M
$1.1B
Q1 25
$288.0M
$1.2B
Q4 24
$413.0M
$1.2B
Q3 24
$548.0M
$1.2B
Q2 24
$469.0M
$1.0B
Q1 24
$423.0M
$1.1B
Total Debt
GXO
GXO
IP
IP
Q4 25
$2.6B
$8.8B
Q3 25
$2.2B
$9.0B
Q2 25
$2.6B
$9.7B
Q1 25
$2.5B
$9.2B
Q4 24
$2.5B
$5.4B
Q3 24
$2.6B
$5.3B
Q2 24
$2.6B
$5.3B
Q1 24
$1.5B
$5.5B
Stockholders' Equity
GXO
GXO
IP
IP
Q4 25
$3.0B
$14.8B
Q3 25
$3.0B
$17.3B
Q2 25
$2.9B
$18.6B
Q1 25
$2.9B
$18.1B
Q4 24
$3.0B
$8.2B
Q3 24
$3.1B
$8.6B
Q2 24
$2.9B
$8.6B
Q1 24
$2.9B
$8.3B
Total Assets
GXO
GXO
IP
IP
Q4 25
$12.3B
$38.0B
Q3 25
$11.9B
$40.6B
Q2 25
$11.9B
$42.4B
Q1 25
$11.3B
$41.2B
Q4 24
$11.3B
$22.8B
Q3 24
$11.9B
$23.2B
Q2 24
$11.4B
$23.1B
Q1 24
$9.4B
$23.0B
Debt / Equity
GXO
GXO
IP
IP
Q4 25
0.88×
0.60×
Q3 25
0.74×
0.52×
Q2 25
0.88×
0.52×
Q1 25
0.89×
0.51×
Q4 24
0.84×
0.66×
Q3 24
0.82×
0.62×
Q2 24
0.88×
0.62×
Q1 24
0.53×
0.66×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GXO
GXO
IP
IP
Operating Cash FlowLast quarter
$170.0M
$905.0M
Free Cash FlowOCF − Capex
$115.0M
$255.0M
FCF MarginFCF / Revenue
3.3%
5.4%
Capex IntensityCapex / Revenue
1.6%
13.7%
Cash ConversionOCF / Net Profit
3.95×
TTM Free Cash FlowTrailing 4 quarters
$110.0M
$-159.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GXO
GXO
IP
IP
Q4 25
$170.0M
$905.0M
Q3 25
$232.0M
$605.0M
Q2 25
$3.0M
$476.0M
Q1 25
$29.0M
$-288.0M
Q4 24
$186.0M
$397.0M
Q3 24
$198.0M
$521.0M
Q2 24
$115.0M
$365.0M
Q1 24
$50.0M
$395.0M
Free Cash Flow
GXO
GXO
IP
IP
Q4 25
$115.0M
$255.0M
Q3 25
$88.0M
$150.0M
Q2 25
$-44.0M
$54.0M
Q1 25
$-49.0M
$-618.0M
Q4 24
$82.0M
$137.0M
Q3 24
$104.0M
$309.0M
Q2 24
$27.0M
$167.0M
Q1 24
$-23.0M
$144.0M
FCF Margin
GXO
GXO
IP
IP
Q4 25
3.3%
5.4%
Q3 25
2.6%
2.4%
Q2 25
-1.3%
0.8%
Q1 25
-1.6%
-10.5%
Q4 24
2.5%
3.0%
Q3 24
3.3%
6.6%
Q2 24
0.9%
3.5%
Q1 24
-0.9%
3.1%
Capex Intensity
GXO
GXO
IP
IP
Q4 25
1.6%
13.7%
Q3 25
4.2%
7.3%
Q2 25
1.4%
6.2%
Q1 25
2.6%
5.6%
Q4 24
3.2%
5.7%
Q3 24
3.0%
4.5%
Q2 24
3.1%
4.2%
Q1 24
3.0%
5.4%
Cash Conversion
GXO
GXO
IP
IP
Q4 25
3.95×
Q3 25
3.93×
Q2 25
0.12×
6.35×
Q1 25
Q4 24
1.86×
Q3 24
6.00×
3.47×
Q2 24
3.03×
0.73×
Q1 24
7.05×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GXO
GXO

Segment breakdown not available.

IP
IP

Other$2.4B52%
DS Smith Packaging$2.3B48%

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