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Side-by-side financial comparison of Hafnia Ltd (HAFN) 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 $31.0K, roughly 47443.7× Hafnia Ltd).

Hafnia Ltd is a leading global shipping firm focused on operating product and chemical tanker fleets. It transports diverse bulk liquid cargoes including refined petroleum products, specialty chemicals, and edible oils, catering to clients across the energy, chemical manufacturing, and agricultural commodity industries worldwide.

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.

HAFN vs RXO — Head-to-Head

Bigger by revenue
RXO
RXO
47443.7× larger
RXO
$1.5B
$31.0K
HAFN

Income Statement — Q1 2024 vs Q4 2025

Metric
HAFN
HAFN
RXO
RXO
Revenue
$31.0K
$1.5B
Net Profit
$-46.0M
Gross Margin
Operating Margin
-2.9%
Net Margin
-3.1%
Revenue YoY
-11.9%
Net Profit YoY
-84.0%
EPS (diluted)
$-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.

Revenue
HAFN
HAFN
RXO
RXO
Q4 25
$1.5B
Q3 25
$1.4B
Q2 25
$1.4B
Q1 25
$1.4B
Q4 24
$1.7B
Q3 24
$1.0B
Q2 24
$930.0M
Q1 24
$31.0K
$913.0M
Net Profit
HAFN
HAFN
RXO
RXO
Q4 25
$-46.0M
Q3 25
$-14.0M
Q2 25
$-9.0M
Q1 25
$-31.0M
Q4 24
$-25.0M
Q3 24
$-243.0M
Q2 24
$-7.0M
Q1 24
$-15.0M
Operating Margin
HAFN
HAFN
RXO
RXO
Q4 25
-2.9%
Q3 25
-0.5%
Q2 25
Q1 25
-2.1%
Q4 24
-1.4%
Q3 24
-1.9%
Q2 24
Q1 24
-1.3%
Net Margin
HAFN
HAFN
RXO
RXO
Q4 25
-3.1%
Q3 25
-1.0%
Q2 25
-0.6%
Q1 25
-2.2%
Q4 24
-1.5%
Q3 24
-23.4%
Q2 24
-0.8%
Q1 24
-1.6%
EPS (diluted)
HAFN
HAFN
RXO
RXO
Q4 25
$-0.28
Q3 25
$-0.08
Q2 25
$-0.05
Q1 25
$-0.18
Q4 24
$-0.17
Q3 24
$-1.81
Q2 24
$-0.06
Q1 24
$-0.13

Balance Sheet & Financial Strength

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

Metric
HAFN
HAFN
RXO
RXO
Cash + ST InvestmentsLiquidity on hand
$17.0M
Total DebtLower is stronger
$387.0M
Stockholders' EquityBook value
$1.5B
Total Assets
$3.3B
Debt / EquityLower = less leverage
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HAFN
HAFN
RXO
RXO
Q4 25
$17.0M
Q3 25
$25.0M
Q2 25
$18.0M
Q1 25
$16.0M
Q4 24
$35.0M
Q3 24
$55.0M
Q2 24
$7.0M
Q1 24
$7.0M
Total Debt
HAFN
HAFN
RXO
RXO
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
Stockholders' Equity
HAFN
HAFN
RXO
RXO
Q4 25
$1.5B
Q3 25
$1.6B
Q2 25
$1.6B
Q1 25
$1.6B
Q4 24
$1.6B
Q3 24
$1.7B
Q2 24
$579.0M
Q1 24
$582.0M
Total Assets
HAFN
HAFN
RXO
RXO
Q4 25
$3.3B
Q3 25
$3.2B
Q2 25
$3.2B
Q1 25
$3.3B
Q4 24
$3.4B
Q3 24
$3.4B
Q2 24
$1.8B
Q1 24
$1.8B
Debt / Equity
HAFN
HAFN
RXO
RXO
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
HAFN
HAFN
RXO
RXO
Operating Cash FlowLast quarter
$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.

Operating Cash Flow
HAFN
HAFN
RXO
RXO
Q4 25
$7.0M
Q3 25
$23.0M
Q2 25
$23.0M
Q1 25
$-2.0M
Q4 24
$-7.0M
Q3 24
$-7.0M
Q2 24
$-5.0M
Q1 24
$7.0M
Free Cash Flow
HAFN
HAFN
RXO
RXO
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
FCF Margin
HAFN
HAFN
RXO
RXO
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%
Capex Intensity
HAFN
HAFN
RXO
RXO
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%

Financial Flow Comparison

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

Revenue Breakdown by Segment

HAFN
HAFN

Segment breakdown not available.

RXO
RXO

Retail Sector$546.0M37%
Last Mile$298.0M20%
Food And Beverage Sector$225.0M15%
Other Sector$185.0M13%
Managed Transportation$133.0M9%
Automotive Sector$93.0M6%

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