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Side-by-side financial comparison of JANUS HENDERSON GROUP PLC (JHG) 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× JANUS HENDERSON GROUP PLC). JANUS HENDERSON GROUP PLC runs the higher net margin — 35.3% vs -3.1%, a 38.4% gap on every dollar of revenue. On growth, JANUS HENDERSON GROUP PLC posted the faster year-over-year revenue change (61.3% vs -11.9%). JANUS HENDERSON GROUP PLC produced more free cash flow last quarter ($320.4M vs $-9.0M). Over the past eight quarters, JANUS HENDERSON GROUP PLC's revenue compounded faster (43.9% CAGR vs 26.8%).
Janus Henderson is a British-American global asset management group headquartered in the City of London, United Kingdom. It offers a range of financial products to individuals, intermediary advisors, and institutional investors globally under the trade name Janus Henderson Investors.
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.
JHG vs RXO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.5B |
| Net Profit | $403.2M | $-46.0M |
| Gross Margin | — | — |
| Operating Margin | 42.7% | -2.9% |
| Net Margin | 35.3% | -3.1% |
| Revenue YoY | 61.3% | -11.9% |
| Net Profit YoY | 231.0% | -84.0% |
| EPS (diluted) | $2.59 | $-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 | $700.4M | $1.4B | ||
| Q2 25 | $633.2M | $1.4B | ||
| Q1 25 | $621.4M | $1.4B | ||
| Q4 24 | $708.3M | $1.7B | ||
| Q3 24 | $624.8M | $1.0B | ||
| Q2 24 | $588.4M | $930.0M | ||
| Q1 24 | $551.7M | $913.0M |
| Q4 25 | $403.2M | $-46.0M | ||
| Q3 25 | $142.1M | $-14.0M | ||
| Q2 25 | $149.9M | $-9.0M | ||
| Q1 25 | $120.7M | $-31.0M | ||
| Q4 24 | $121.8M | $-25.0M | ||
| Q3 24 | $27.3M | $-243.0M | ||
| Q2 24 | $129.7M | $-7.0M | ||
| Q1 24 | $130.1M | $-15.0M |
| Q4 25 | 42.7% | -2.9% | ||
| Q3 25 | 24.6% | -0.5% | ||
| Q2 25 | 25.9% | — | ||
| Q1 25 | 24.7% | -2.1% | ||
| Q4 24 | 27.9% | -1.4% | ||
| Q3 24 | 26.4% | -1.9% | ||
| Q2 24 | 27.9% | — | ||
| Q1 24 | 21.6% | -1.3% |
| Q4 25 | 35.3% | -3.1% | ||
| Q3 25 | 20.3% | -1.0% | ||
| Q2 25 | 23.7% | -0.6% | ||
| Q1 25 | 19.4% | -2.2% | ||
| Q4 24 | 17.2% | -1.5% | ||
| Q3 24 | 4.4% | -23.4% | ||
| Q2 24 | 22.0% | -0.8% | ||
| Q1 24 | 23.6% | -1.6% |
| Q4 25 | $2.59 | $-0.28 | ||
| Q3 25 | $0.92 | $-0.08 | ||
| Q2 25 | $0.95 | $-0.05 | ||
| Q1 25 | $0.77 | $-0.18 | ||
| Q4 24 | $0.77 | $-0.17 | ||
| Q3 24 | $0.17 | $-1.81 | ||
| Q2 24 | $0.81 | $-0.06 | ||
| Q1 24 | $0.81 | $-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 | $1.6B | $17.0M |
| Total DebtLower is stronger | — | $387.0M |
| Stockholders' EquityBook value | $5.1B | $1.5B |
| Total Assets | $8.3B | $3.3B |
| Debt / EquityLower = less leverage | — | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $17.0M | ||
| Q3 25 | $1.4B | $25.0M | ||
| Q2 25 | $1.3B | $18.0M | ||
| Q1 25 | $1.4B | $16.0M | ||
| Q4 24 | $1.6B | $35.0M | ||
| Q3 24 | $1.8B | $55.0M | ||
| Q2 24 | $1.3B | $7.0M | ||
| Q1 24 | $1.1B | $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 | $5.1B | $1.5B | ||
| Q3 25 | $4.8B | $1.6B | ||
| Q2 25 | $4.8B | $1.6B | ||
| Q1 25 | $4.7B | $1.6B | ||
| Q4 24 | $4.6B | $1.6B | ||
| Q3 24 | $4.6B | $1.7B | ||
| Q2 24 | $4.5B | $579.0M | ||
| Q1 24 | $4.4B | $582.0M |
| Q4 25 | $8.3B | $3.3B | ||
| Q3 25 | $7.6B | $3.2B | ||
| Q2 25 | $7.5B | $3.2B | ||
| Q1 25 | $7.1B | $3.3B | ||
| Q4 24 | $7.0B | $3.4B | ||
| Q3 24 | $7.3B | $3.4B | ||
| Q2 24 | $6.4B | $1.8B | ||
| Q1 24 | $6.3B | $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 | $322.7M | $7.0M |
| Free Cash FlowOCF − Capex | $320.4M | $-9.0M |
| FCF MarginFCF / Revenue | 28.0% | -0.6% |
| Capex IntensityCapex / Revenue | 0.2% | 1.1% |
| Cash ConversionOCF / Net Profit | 0.80× | — |
| TTM Free Cash FlowTrailing 4 quarters | $710.9M | $-8.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $322.7M | $7.0M | ||
| Q3 25 | $258.8M | $23.0M | ||
| Q2 25 | $135.2M | $23.0M | ||
| Q1 25 | $2.8M | $-2.0M | ||
| Q4 24 | $247.3M | $-7.0M | ||
| Q3 24 | $228.5M | $-7.0M | ||
| Q2 24 | $223.8M | $-5.0M | ||
| Q1 24 | $-5.0M | $7.0M |
| Q4 25 | $320.4M | $-9.0M | ||
| Q3 25 | $256.4M | $9.0M | ||
| Q2 25 | $133.2M | $9.0M | ||
| Q1 25 | $900.0K | $-17.0M | ||
| Q4 24 | $243.5M | $-19.0M | ||
| Q3 24 | $225.9M | $-18.0M | ||
| Q2 24 | $221.9M | $-16.0M | ||
| Q1 24 | $-6.8M | $-4.0M |
| Q4 25 | 28.0% | -0.6% | ||
| Q3 25 | 36.6% | 0.6% | ||
| Q2 25 | 21.0% | 0.6% | ||
| Q1 25 | 0.1% | -1.2% | ||
| Q4 24 | 34.4% | -1.1% | ||
| Q3 24 | 36.2% | -1.7% | ||
| Q2 24 | 37.7% | -1.7% | ||
| Q1 24 | -1.2% | -0.4% |
| Q4 25 | 0.2% | 1.1% | ||
| Q3 25 | 0.3% | 1.0% | ||
| Q2 25 | 0.3% | 1.0% | ||
| Q1 25 | 0.3% | 1.0% | ||
| Q4 24 | 0.5% | 0.7% | ||
| Q3 24 | 0.4% | 1.1% | ||
| Q2 24 | 0.3% | 1.2% | ||
| Q1 24 | 0.3% | 1.2% |
| Q4 25 | 0.80× | — | ||
| Q3 25 | 1.82× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | 0.02× | — | ||
| Q4 24 | 2.03× | — | ||
| Q3 24 | 8.37× | — | ||
| Q2 24 | 1.73× | — | ||
| Q1 24 | -0.04× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
JHG
| Investment Advice | $585.2M | 51% |
| Investment Performance | $425.8M | 37% |
| Other | $76.4M | 7% |
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% |
