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Side-by-side financial comparison of Invesco (IVZ) and RXO, Inc. (RXO). Click either name above to swap in a different company.
Invesco is the larger business by last-quarter revenue ($1.7B vs $1.5B, roughly 1.2× RXO, Inc.). RXO, Inc. runs the higher net margin — -3.1% vs -58.9%, a 55.7% gap on every dollar of revenue. On growth, Invesco posted the faster year-over-year revenue change (6.2% vs -11.9%). Invesco produced more free cash flow last quarter ($432.2M vs $-9.0M). Over the past eight quarters, RXO, Inc.'s revenue compounded faster (26.8% CAGR vs 7.1%).
Invesco Ltd. is an American independent investment management company headquartered in Atlanta, Georgia, with branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York Stock Exchange. Invesco operates under the Invesco, Invesco Perpetual, and Powershares brand names.
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.
IVZ vs RXO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.7B | $1.5B |
| Net Profit | $-995.9M | $-46.0M |
| Gross Margin | — | — |
| Operating Margin | -86.2% | -2.9% |
| Net Margin | -58.9% | -3.1% |
| Revenue YoY | 6.2% | -11.9% |
| Net Profit YoY | -575.8% | -84.0% |
| EPS (diluted) | $-2.61 | $-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 | $1.7B | $1.5B | ||
| Q3 25 | $1.6B | $1.4B | ||
| Q2 25 | $1.5B | $1.4B | ||
| Q1 25 | $1.5B | $1.4B | ||
| Q4 24 | $1.6B | $1.7B | ||
| Q3 24 | $1.5B | $1.0B | ||
| Q2 24 | $1.5B | $930.0M | ||
| Q1 24 | $1.5B | $913.0M |
| Q4 25 | $-995.9M | $-46.0M | ||
| Q3 25 | $356.4M | $-14.0M | ||
| Q2 25 | $197.4M | $-9.0M | ||
| Q1 25 | $171.1M | $-31.0M | ||
| Q4 24 | $209.3M | $-25.0M | ||
| Q3 24 | $55.0M | $-243.0M | ||
| Q2 24 | $132.2M | $-7.0M | ||
| Q1 24 | $141.5M | $-15.0M |
| Q4 25 | -86.2% | -2.9% | ||
| Q3 25 | 16.5% | -0.5% | ||
| Q2 25 | 14.1% | — | ||
| Q1 25 | 18.1% | -2.1% | ||
| Q4 24 | 19.6% | -1.4% | ||
| Q3 24 | 6.6% | -1.9% | ||
| Q2 24 | 13.9% | — | ||
| Q1 24 | 14.4% | -1.3% |
| Q4 25 | -58.9% | -3.1% | ||
| Q3 25 | 21.7% | -1.0% | ||
| Q2 25 | 13.0% | -0.6% | ||
| Q1 25 | 11.2% | -2.2% | ||
| Q4 24 | 13.1% | -1.5% | ||
| Q3 24 | 3.6% | -23.4% | ||
| Q2 24 | 8.9% | -0.8% | ||
| Q1 24 | 9.6% | -1.6% |
| Q4 25 | $-2.61 | $-0.28 | ||
| Q3 25 | $0.66 | $-0.08 | ||
| Q2 25 | $-0.03 | $-0.05 | ||
| Q1 25 | $0.38 | $-0.18 | ||
| Q4 24 | $0.46 | $-0.17 | ||
| Q3 24 | $0.12 | $-1.81 | ||
| Q2 24 | $0.29 | $-0.06 | ||
| Q1 24 | $0.31 | $-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 | $1.0B | $17.0M |
| Total DebtLower is stronger | $1.8B | $387.0M |
| Stockholders' EquityBook value | $12.2B | $1.5B |
| Total Assets | $27.1B | $3.3B |
| Debt / EquityLower = less leverage | 0.15× | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $17.0M | ||
| Q3 25 | $973.1M | $25.0M | ||
| Q2 25 | $922.7M | $18.0M | ||
| Q1 25 | $821.7M | $16.0M | ||
| Q4 24 | $986.5M | $35.0M | ||
| Q3 24 | $1.0B | $55.0M | ||
| Q2 24 | $878.5M | $7.0M | ||
| Q1 24 | $895.7M | $7.0M |
| Q4 25 | $1.8B | $387.0M | ||
| Q3 25 | $1.6B | $387.0M | ||
| Q2 25 | $1.9B | $387.0M | ||
| Q1 25 | $964.8M | $387.0M | ||
| Q4 24 | $890.6M | $351.0M | ||
| Q3 24 | $890.3M | $352.0M | ||
| Q2 24 | $890.1M | $370.0M | ||
| Q1 24 | $1.3B | $351.0M |
| Q4 25 | $12.2B | $1.5B | ||
| Q3 25 | $14.0B | $1.6B | ||
| Q2 25 | $13.9B | $1.6B | ||
| Q1 25 | $14.7B | $1.6B | ||
| Q4 24 | $14.6B | $1.6B | ||
| Q3 24 | $14.8B | $1.7B | ||
| Q2 24 | $14.6B | $579.0M | ||
| Q1 24 | $14.6B | $582.0M |
| Q4 25 | $27.1B | $3.3B | ||
| Q3 25 | $28.4B | $3.2B | ||
| Q2 25 | $28.5B | $3.2B | ||
| Q1 25 | $28.1B | $3.3B | ||
| Q4 24 | $27.0B | $3.4B | ||
| Q3 24 | $27.5B | $3.4B | ||
| Q2 24 | $27.2B | $1.8B | ||
| Q1 24 | $28.1B | $1.8B |
| Q4 25 | 0.15× | 0.25× | ||
| Q3 25 | 0.12× | 0.24× | ||
| Q2 25 | 0.14× | 0.24× | ||
| Q1 25 | 0.07× | 0.24× | ||
| Q4 24 | 0.06× | 0.22× | ||
| Q3 24 | 0.06× | 0.21× | ||
| Q2 24 | 0.06× | 0.64× | ||
| Q1 24 | 0.09× | 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 | $455.8M | $7.0M |
| Free Cash FlowOCF − Capex | $432.2M | $-9.0M |
| FCF MarginFCF / Revenue | 25.5% | -0.6% |
| Capex IntensityCapex / Revenue | 1.4% | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.4B | $-8.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $455.8M | $7.0M | ||
| Q3 25 | $606.2M | $23.0M | ||
| Q2 25 | $547.9M | $23.0M | ||
| Q1 25 | $-84.6M | $-2.0M | ||
| Q4 24 | $316.9M | $-7.0M | ||
| Q3 24 | $438.4M | $-7.0M | ||
| Q2 24 | $489.1M | $-5.0M | ||
| Q1 24 | $-54.4M | $7.0M |
| Q4 25 | $432.2M | $-9.0M | ||
| Q3 25 | $586.4M | $9.0M | ||
| Q2 25 | $530.4M | $9.0M | ||
| Q1 25 | $-108.0M | $-17.0M | ||
| Q4 24 | $309.9M | $-19.0M | ||
| Q3 24 | $410.0M | $-18.0M | ||
| Q2 24 | $462.4M | $-16.0M | ||
| Q1 24 | $-75.4M | $-4.0M |
| Q4 25 | 25.5% | -0.6% | ||
| Q3 25 | 35.7% | 0.6% | ||
| Q2 25 | 35.0% | 0.6% | ||
| Q1 25 | -7.1% | -1.2% | ||
| Q4 24 | 19.5% | -1.1% | ||
| Q3 24 | 27.1% | -1.7% | ||
| Q2 24 | 31.2% | -1.7% | ||
| Q1 24 | -5.1% | -0.4% |
| Q4 25 | 1.4% | 1.1% | ||
| Q3 25 | 1.2% | 1.0% | ||
| Q2 25 | 1.2% | 1.0% | ||
| Q1 25 | 1.5% | 1.0% | ||
| Q4 24 | 0.4% | 0.7% | ||
| Q3 24 | 1.9% | 1.1% | ||
| Q2 24 | 1.8% | 1.2% | ||
| Q1 24 | 1.4% | 1.2% |
| Q4 25 | — | — | ||
| Q3 25 | 1.70× | — | ||
| Q2 25 | 2.78× | — | ||
| Q1 25 | -0.49× | — | ||
| Q4 24 | 1.51× | — | ||
| Q3 24 | 7.97× | — | ||
| Q2 24 | 3.70× | — | ||
| Q1 24 | -0.38× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IVZ
| Investment Advice | $1.2B | 73% |
| Distribution And Shareholder Service | $382.7M | 23% |
| Financial Service Other | $51.0M | 3% |
| Investment Performance | $28.9M | 2% |
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% |
