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Side-by-side financial comparison of Lineage, Inc. (LINE) and XPO, Inc. (XPO). Click either name above to swap in a different company.
XPO, Inc. is the larger business by last-quarter revenue ($2.1B vs $1.4B, roughly 1.5× Lineage, Inc.). XPO, Inc. runs the higher net margin — 4.8% vs -7.3%, a 12.1% gap on every dollar of revenue. On growth, XPO, Inc. posted the faster year-over-year revenue change (7.3% vs 3.1%).
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.
XPO, Inc., formerly XPO Logistics, is an American transportation company that conducts less-than-truckload shipping in North America. The company has headquarters in Greenwich, Connecticut, and has 592 locations globally. XPO is the second largest provider of less-than-truckload (LTL) services in North America, operating in 99 percent of all U.S. postal codes.
LINE vs XPO — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $2.1B |
| Net Profit | $-100.0M | $101.0M |
| Gross Margin | 32.3% | — |
| Operating Margin | 2.5% | 8.3% |
| Net Margin | -7.3% | 4.8% |
| Revenue YoY | 3.1% | 7.3% |
| Net Profit YoY | 79.4% | 46.4% |
| EPS (diluted) | $-0.44 | $0.85 |
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.
| Q1 26 | — | $2.1B | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | $1.4B | $2.1B | ||
| Q1 25 | $1.3B | $2.0B | ||
| Q4 24 | $1.3B | $1.9B | ||
| Q3 24 | $1.3B | $2.1B | ||
| Q2 24 | $1.3B | $2.1B |
| Q1 26 | — | $101.0M | ||
| Q4 25 | — | $59.0M | ||
| Q3 25 | $-100.0M | $82.0M | ||
| Q2 25 | $-6.0M | $106.0M | ||
| Q1 25 | $0 | $69.0M | ||
| Q4 24 | $-71.0M | $75.0M | ||
| Q3 24 | $-485.0M | $95.0M | ||
| Q2 24 | $-68.0M | $150.0M |
| Q1 26 | — | — | ||
| 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 26 | — | 8.3% | ||
| Q4 25 | — | 7.1% | ||
| Q3 25 | 2.5% | 7.8% | ||
| Q2 25 | 1.7% | 9.5% | ||
| Q1 25 | 4.3% | 7.7% | ||
| Q4 24 | -1.6% | 7.8% | ||
| Q3 24 | -38.6% | 8.6% | ||
| Q2 24 | 5.5% | 9.5% |
| Q1 26 | — | 4.8% | ||
| Q4 25 | — | 2.9% | ||
| Q3 25 | -7.3% | 3.9% | ||
| Q2 25 | -0.4% | 5.1% | ||
| Q1 25 | — | 3.5% | ||
| Q4 24 | -5.3% | 3.9% | ||
| Q3 24 | -36.3% | 4.6% | ||
| Q2 24 | -5.1% | 7.2% |
| Q1 26 | — | $0.85 | ||
| Q4 25 | — | $0.49 | ||
| Q3 25 | $-0.44 | $0.68 | ||
| Q2 25 | $-0.03 | $0.89 | ||
| Q1 25 | $0.01 | $0.58 | ||
| Q4 24 | $-0.52 | $0.63 | ||
| Q3 24 | $-2.44 | $0.79 | ||
| Q2 24 | $-0.46 | $1.25 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $237.0M |
| Total DebtLower is stronger | — | $3.3B |
| Stockholders' EquityBook value | $8.4B | $1.9B |
| Total Assets | $19.2B | $8.2B |
| Debt / EquityLower = less leverage | — | 1.77× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $237.0M | ||
| Q4 25 | — | $310.0M | ||
| Q3 25 | — | $335.0M | ||
| Q2 25 | — | $225.0M | ||
| Q1 25 | — | $212.0M | ||
| Q4 24 | $173.0M | $246.0M | ||
| Q3 24 | $409.0M | $378.0M | ||
| Q2 24 | $73.0M | $250.0M |
| Q1 26 | — | $3.3B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.9B | ||
| Q4 25 | — | $1.9B | ||
| Q3 25 | $8.4B | $1.8B | ||
| Q2 25 | $8.6B | $1.8B | ||
| Q1 25 | $8.6B | $1.6B | ||
| Q4 24 | $8.6B | $1.6B | ||
| Q3 24 | $9.0B | $1.6B | ||
| Q2 24 | $4.9B | $1.5B |
| Q1 26 | — | $8.2B | ||
| Q4 25 | — | $8.2B | ||
| Q3 25 | $19.2B | $8.2B | ||
| Q2 25 | $19.4B | $8.1B | ||
| Q1 25 | $18.8B | $7.9B | ||
| Q4 24 | $18.7B | $7.7B | ||
| Q3 24 | $19.3B | $7.9B | ||
| Q2 24 | $18.8B | $7.7B |
| Q1 26 | — | 1.77× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $183.0M |
| Free Cash FlowOCF − Capex | $35.0M | — |
| FCF MarginFCF / Revenue | 2.5% | — |
| Capex IntensityCapex / Revenue | 14.2% | — |
| Cash ConversionOCF / Net Profit | — | 1.81× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $183.0M | ||
| Q4 25 | — | — | ||
| Q3 25 | $230.0M | $371.0M | ||
| Q2 25 | $258.0M | $247.0M | ||
| Q1 25 | $139.0M | $142.0M | ||
| Q4 24 | — | $189.0M | ||
| Q3 24 | $186.0M | $264.0M | ||
| Q2 24 | $155.0M | $210.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $35.0M | $215.0M | ||
| Q2 25 | $95.0M | $51.0M | ||
| Q1 25 | $-12.0M | $-57.0M | ||
| Q4 24 | — | $23.0M | ||
| Q3 24 | $33.0M | $137.0M | ||
| Q2 24 | $-31.0M | $20.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 2.5% | 10.2% | ||
| Q2 25 | 7.0% | 2.5% | ||
| Q1 25 | -0.9% | -2.9% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | 2.5% | 6.7% | ||
| Q2 24 | -2.3% | 1.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.3% | ||
| Q3 25 | 14.2% | 7.4% | ||
| Q2 25 | 12.1% | 9.4% | ||
| Q1 25 | 11.7% | 10.2% | ||
| Q4 24 | — | 8.6% | ||
| Q3 24 | 11.5% | 6.2% | ||
| Q2 24 | 13.9% | 9.1% |
| Q1 26 | — | 1.81× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 4.52× | ||
| Q2 25 | — | 2.33× | ||
| Q1 25 | — | 2.06× | ||
| Q4 24 | — | 2.52× | ||
| Q3 24 | — | 2.78× | ||
| Q2 24 | — | 1.40× |
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% |
XPO
Segment breakdown not available.
