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Side-by-side financial comparison of Lineage, Inc. (LINE) 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 $1.4B, roughly 1.1× Lineage, Inc.). RXO, Inc. runs the higher net margin — -3.1% vs -7.3%, a 4.1% gap on every dollar of revenue. On growth, Lineage, Inc. posted the faster year-over-year revenue change (3.1% vs -11.9%). Lineage, Inc. produced more free cash flow last quarter ($35.0M vs $-9.0M).
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
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.
LINE vs RXO — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.5B |
| Net Profit | $-100.0M | $-46.0M |
| Gross Margin | 32.3% | — |
| Operating Margin | 2.5% | -2.9% |
| Net Margin | -7.3% | -3.1% |
| Revenue YoY | 3.1% | -11.9% |
| Net Profit YoY | 79.4% | -84.0% |
| EPS (diluted) | $-0.44 | $-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 | — | $1.5B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.4B | $1.4B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $1.3B | $930.0M | ||
| Q1 24 | $1.3B | $913.0M |
| Q4 25 | — | $-46.0M | ||
| Q3 25 | $-100.0M | $-14.0M | ||
| Q2 25 | $-6.0M | $-9.0M | ||
| Q1 25 | $0 | $-31.0M | ||
| Q4 24 | $-71.0M | $-25.0M | ||
| Q3 24 | $-485.0M | $-243.0M | ||
| Q2 24 | $-68.0M | $-7.0M | ||
| Q1 24 | $-40.0M | $-15.0M |
| Q4 25 | — | — | ||
| Q3 25 | 32.3% | — | ||
| Q2 25 | 31.9% | — | ||
| Q1 25 | 32.2% | — | ||
| Q4 24 | 32.3% | — | ||
| Q3 24 | 32.8% | — | ||
| Q2 24 | 33.4% | — | ||
| Q1 24 | 33.4% | — |
| Q4 25 | — | -2.9% | ||
| Q3 25 | 2.5% | -0.5% | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | 4.3% | -2.1% | ||
| Q4 24 | -1.6% | -1.4% | ||
| Q3 24 | -38.6% | -1.9% | ||
| Q2 24 | 5.5% | — | ||
| Q1 24 | 7.6% | -1.3% |
| Q4 25 | — | -3.1% | ||
| Q3 25 | -7.3% | -1.0% | ||
| Q2 25 | -0.4% | -0.6% | ||
| Q1 25 | — | -2.2% | ||
| Q4 24 | -5.3% | -1.5% | ||
| Q3 24 | -36.3% | -23.4% | ||
| Q2 24 | -5.1% | -0.8% | ||
| Q1 24 | -3.0% | -1.6% |
| Q4 25 | — | $-0.28 | ||
| Q3 25 | $-0.44 | $-0.08 | ||
| Q2 25 | $-0.03 | $-0.05 | ||
| Q1 25 | $0.01 | $-0.18 | ||
| Q4 24 | $-0.52 | $-0.17 | ||
| Q3 24 | $-2.44 | $-1.81 | ||
| Q2 24 | $-0.46 | $-0.06 | ||
| Q1 24 | $-0.28 | $-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 | — | $17.0M |
| Total DebtLower is stronger | — | $387.0M |
| Stockholders' EquityBook value | $8.4B | $1.5B |
| Total Assets | $19.2B | $3.3B |
| Debt / EquityLower = less leverage | — | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $17.0M | ||
| Q3 25 | — | $25.0M | ||
| Q2 25 | — | $18.0M | ||
| Q1 25 | — | $16.0M | ||
| Q4 24 | $173.0M | $35.0M | ||
| Q3 24 | $409.0M | $55.0M | ||
| Q2 24 | $73.0M | $7.0M | ||
| Q1 24 | — | $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 | — | $1.5B | ||
| Q3 25 | $8.4B | $1.6B | ||
| Q2 25 | $8.6B | $1.6B | ||
| Q1 25 | $8.6B | $1.6B | ||
| Q4 24 | $8.6B | $1.6B | ||
| Q3 24 | $9.0B | $1.7B | ||
| Q2 24 | $4.9B | $579.0M | ||
| Q1 24 | $5.6B | $582.0M |
| Q4 25 | — | $3.3B | ||
| Q3 25 | $19.2B | $3.2B | ||
| Q2 25 | $19.4B | $3.2B | ||
| Q1 25 | $18.8B | $3.3B | ||
| Q4 24 | $18.7B | $3.4B | ||
| Q3 24 | $19.3B | $3.4B | ||
| Q2 24 | $18.8B | $1.8B | ||
| Q1 24 | — | $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 | $230.0M | $7.0M |
| Free Cash FlowOCF − Capex | $35.0M | $-9.0M |
| FCF MarginFCF / Revenue | 2.5% | -0.6% |
| Capex IntensityCapex / Revenue | 14.2% | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-8.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $7.0M | ||
| Q3 25 | $230.0M | $23.0M | ||
| Q2 25 | $258.0M | $23.0M | ||
| Q1 25 | $139.0M | $-2.0M | ||
| Q4 24 | — | $-7.0M | ||
| Q3 24 | $186.0M | $-7.0M | ||
| Q2 24 | $155.0M | $-5.0M | ||
| Q1 24 | $105.0M | $7.0M |
| Q4 25 | — | $-9.0M | ||
| Q3 25 | $35.0M | $9.0M | ||
| Q2 25 | $95.0M | $9.0M | ||
| Q1 25 | $-12.0M | $-17.0M | ||
| Q4 24 | — | $-19.0M | ||
| Q3 24 | $33.0M | $-18.0M | ||
| Q2 24 | $-31.0M | $-16.0M | ||
| Q1 24 | $-42.0M | $-4.0M |
| Q4 25 | — | -0.6% | ||
| Q3 25 | 2.5% | 0.6% | ||
| Q2 25 | 7.0% | 0.6% | ||
| Q1 25 | -0.9% | -1.2% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | 2.5% | -1.7% | ||
| Q2 24 | -2.3% | -1.7% | ||
| Q1 24 | -3.2% | -0.4% |
| Q4 25 | — | 1.1% | ||
| Q3 25 | 14.2% | 1.0% | ||
| Q2 25 | 12.1% | 1.0% | ||
| Q1 25 | 11.7% | 1.0% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | 11.5% | 1.1% | ||
| Q2 24 | 13.9% | 1.2% | ||
| Q1 24 | 11.1% | 1.2% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
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% |
