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Side-by-side financial comparison of GXO Logistics, Inc. (GXO) and Royal Caribbean Group (RCL). Click either name above to swap in a different company.

Royal Caribbean Group is the larger business by last-quarter revenue ($4.3B vs $3.5B, roughly 1.2× GXO Logistics, Inc.). Royal Caribbean Group runs the higher net margin — 17.7% vs 1.2%, a 16.5% gap on every dollar of revenue. On growth, Royal Caribbean Group posted the faster year-over-year revenue change (13.3% vs 7.9%). Royal Caribbean Group produced more free cash flow last quarter ($116.0M vs $115.0M). Over the past eight quarters, GXO Logistics, Inc.'s revenue compounded faster (19.5% CAGR vs 6.9%).

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.

Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a cruise holding company headquartered in Miami, Florida, United States and incorporated in Liberia. It is the world's second-largest cruise line operator, after Carnival Corporation & plc. As of September 2025, Royal Caribbean Group fully owns three cruise lines: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. It also holds a 50% stake in TUI Cruises, which operates Mein Schiff and Hapag-Lloyd ...

GXO vs RCL — Head-to-Head

Bigger by revenue
RCL
RCL
1.2× larger
RCL
$4.3B
$3.5B
GXO
Growing faster (revenue YoY)
RCL
RCL
+5.4% gap
RCL
13.3%
7.9%
GXO
Higher net margin
RCL
RCL
16.5% more per $
RCL
17.7%
1.2%
GXO
More free cash flow
RCL
RCL
$1.0M more FCF
RCL
$116.0M
$115.0M
GXO
Faster 2-yr revenue CAGR
GXO
GXO
Annualised
GXO
19.5%
6.9%
RCL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GXO
GXO
RCL
RCL
Revenue
$3.5B
$4.3B
Net Profit
$43.0M
$753.0M
Gross Margin
47.4%
Operating Margin
2.7%
21.9%
Net Margin
1.2%
17.7%
Revenue YoY
7.9%
13.3%
Net Profit YoY
-57.0%
36.4%
EPS (diluted)
$0.35
$2.76

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
RCL
RCL
Q4 25
$3.5B
$4.3B
Q3 25
$3.4B
$5.1B
Q2 25
$3.3B
$4.5B
Q1 25
$3.0B
$4.0B
Q4 24
$3.3B
$3.8B
Q3 24
$3.2B
$4.9B
Q2 24
$2.8B
$4.1B
Q1 24
$2.5B
$3.7B
Net Profit
GXO
GXO
RCL
RCL
Q4 25
$43.0M
$753.0M
Q3 25
$59.0M
$1.6B
Q2 25
$26.0M
$1.2B
Q1 25
$-96.0M
$730.0M
Q4 24
$100.0M
$552.0M
Q3 24
$33.0M
$1.1B
Q2 24
$38.0M
$854.0M
Q1 24
$-37.0M
$360.0M
Gross Margin
GXO
GXO
RCL
RCL
Q4 25
47.4%
Q3 25
51.8%
Q2 25
49.7%
Q1 25
48.0%
Q4 24
45.4%
Q3 24
51.1%
Q2 24
47.6%
Q1 24
44.8%
Operating Margin
GXO
GXO
RCL
RCL
Q4 25
2.7%
21.9%
Q3 25
3.5%
33.1%
Q2 25
2.7%
29.3%
Q1 25
-1.9%
23.6%
Q4 24
3.1%
16.6%
Q3 24
2.6%
33.4%
Q2 24
2.6%
26.7%
Q1 24
-1.6%
20.1%
Net Margin
GXO
GXO
RCL
RCL
Q4 25
1.2%
17.7%
Q3 25
1.7%
30.6%
Q2 25
0.8%
26.7%
Q1 25
-3.2%
18.3%
Q4 24
3.1%
14.7%
Q3 24
1.0%
22.7%
Q2 24
1.3%
20.8%
Q1 24
-1.5%
9.7%
EPS (diluted)
GXO
GXO
RCL
RCL
Q4 25
$0.35
$2.76
Q3 25
$0.51
$5.74
Q2 25
$0.23
$4.41
Q1 25
$-0.81
$2.70
Q4 24
$0.83
$2.27
Q3 24
$0.28
$4.21
Q2 24
$0.32
$3.11
Q1 24
$-0.31
$1.35

Balance Sheet & Financial Strength

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

Metric
GXO
GXO
RCL
RCL
Cash + ST InvestmentsLiquidity on hand
$854.0M
$825.0M
Total DebtLower is stronger
$2.6B
$18.2B
Stockholders' EquityBook value
$3.0B
$10.0B
Total Assets
$12.3B
$41.6B
Debt / EquityLower = less leverage
0.88×
1.81×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GXO
GXO
RCL
RCL
Q4 25
$854.0M
$825.0M
Q3 25
$339.0M
$432.0M
Q2 25
$205.0M
$735.0M
Q1 25
$288.0M
$386.0M
Q4 24
$413.0M
$388.0M
Q3 24
$548.0M
$418.0M
Q2 24
$469.0M
$391.0M
Q1 24
$423.0M
$437.0M
Total Debt
GXO
GXO
RCL
RCL
Q4 25
$2.6B
$18.2B
Q3 25
$2.2B
$17.2B
Q2 25
$2.6B
$17.6B
Q1 25
$2.5B
$18.0B
Q4 24
$2.5B
$18.5B
Q3 24
$2.6B
$19.0B
Q2 24
$2.6B
$19.8B
Q1 24
$1.5B
$18.9B
Stockholders' Equity
GXO
GXO
RCL
RCL
Q4 25
$3.0B
$10.0B
Q3 25
$3.0B
$10.1B
Q2 25
$2.9B
$9.2B
Q1 25
$2.9B
$8.0B
Q4 24
$3.0B
$7.6B
Q3 24
$3.1B
$7.0B
Q2 24
$2.9B
$6.0B
Q1 24
$2.9B
$5.2B
Total Assets
GXO
GXO
RCL
RCL
Q4 25
$12.3B
$41.6B
Q3 25
$11.9B
$40.1B
Q2 25
$11.9B
$38.5B
Q1 25
$11.3B
$37.5B
Q4 24
$11.3B
$37.1B
Q3 24
$11.9B
$37.1B
Q2 24
$11.4B
$37.0B
Q1 24
$9.4B
$35.2B
Debt / Equity
GXO
GXO
RCL
RCL
Q4 25
0.88×
1.81×
Q3 25
0.74×
1.70×
Q2 25
0.88×
1.92×
Q1 25
0.89×
2.26×
Q4 24
0.84×
2.44×
Q3 24
0.82×
2.69×
Q2 24
0.88×
3.29×
Q1 24
0.53×
3.66×

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
RCL
RCL
Operating Cash FlowLast quarter
$170.0M
$1.6B
Free Cash FlowOCF − Capex
$115.0M
$116.0M
FCF MarginFCF / Revenue
3.3%
2.7%
Capex IntensityCapex / Revenue
1.6%
35.4%
Cash ConversionOCF / Net Profit
3.95×
2.16×
TTM Free Cash FlowTrailing 4 quarters
$110.0M
$1.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GXO
GXO
RCL
RCL
Q4 25
$170.0M
$1.6B
Q3 25
$232.0M
$1.5B
Q2 25
$3.0M
$1.7B
Q1 25
$29.0M
$1.6B
Q4 24
$186.0M
$1.5B
Q3 24
$198.0M
$897.0M
Q2 24
$115.0M
$1.6B
Q1 24
$50.0M
$1.3B
Free Cash Flow
GXO
GXO
RCL
RCL
Q4 25
$115.0M
$116.0M
Q3 25
$88.0M
$-989.0M
Q2 25
$-44.0M
$910.0M
Q1 25
$-49.0M
$1.2B
Q4 24
$82.0M
$915.0M
Q3 24
$104.0M
$563.0M
Q2 24
$27.0M
$-567.0M
Q1 24
$-23.0M
$1.1B
FCF Margin
GXO
GXO
RCL
RCL
Q4 25
3.3%
2.7%
Q3 25
2.6%
-19.2%
Q2 25
-1.3%
20.1%
Q1 25
-1.6%
30.0%
Q4 24
2.5%
24.3%
Q3 24
3.3%
11.5%
Q2 24
0.9%
-13.8%
Q1 24
-0.9%
29.1%
Capex Intensity
GXO
GXO
RCL
RCL
Q4 25
1.6%
35.4%
Q3 25
4.2%
47.8%
Q2 25
1.4%
18.4%
Q1 25
2.6%
10.7%
Q4 24
3.2%
14.7%
Q3 24
3.0%
6.8%
Q2 24
3.1%
52.1%
Q1 24
3.0%
6.5%
Cash Conversion
GXO
GXO
RCL
RCL
Q4 25
3.95×
2.16×
Q3 25
3.93×
0.93×
Q2 25
0.12×
1.44×
Q1 25
2.23×
Q4 24
1.86×
2.66×
Q3 24
6.00×
0.81×
Q2 24
3.03×
1.84×
Q1 24
3.69×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GXO
GXO

Segment breakdown not available.

RCL
RCL

Passenger$2.9B69%
Other$1.3B31%

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