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Side-by-side financial comparison of RXO, Inc. (RXO) and XPO, Inc. (XPO). Click either name above to swap in a different company.
XPO, Inc. is the larger business by last-quarter revenue ($2.0B vs $1.5B, roughly 1.4× RXO, Inc.). XPO, Inc. runs the higher net margin — 2.9% vs -3.1%, a 6.1% gap on every dollar of revenue. On growth, XPO, Inc. posted the faster year-over-year revenue change (4.7% vs -11.9%). Over the past eight quarters, RXO, Inc.'s revenue compounded faster (26.8% CAGR vs -0.1%).
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.
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.
RXO vs XPO — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $2.0B |
| Net Profit | $-46.0M | $59.0M |
| Gross Margin | — | — |
| Operating Margin | -2.9% | 7.1% |
| Net Margin | -3.1% | 2.9% |
| Revenue YoY | -11.9% | 4.7% |
| Net Profit YoY | -84.0% | -21.3% |
| EPS (diluted) | $-0.28 | $0.49 |
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 | $2.0B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | $1.4B | $2.1B | ||
| Q1 25 | $1.4B | $2.0B | ||
| Q4 24 | $1.7B | $1.9B | ||
| Q3 24 | $1.0B | $2.1B | ||
| Q2 24 | $930.0M | $2.1B | ||
| Q1 24 | $913.0M | $2.0B |
| Q4 25 | $-46.0M | $59.0M | ||
| Q3 25 | $-14.0M | $82.0M | ||
| Q2 25 | $-9.0M | $106.0M | ||
| Q1 25 | $-31.0M | $69.0M | ||
| Q4 24 | $-25.0M | $75.0M | ||
| Q3 24 | $-243.0M | $95.0M | ||
| Q2 24 | $-7.0M | $150.0M | ||
| Q1 24 | $-15.0M | $67.0M |
| Q4 25 | -2.9% | 7.1% | ||
| Q3 25 | -0.5% | 7.8% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | -2.1% | 7.7% | ||
| Q4 24 | -1.4% | 7.8% | ||
| Q3 24 | -1.9% | 8.6% | ||
| Q2 24 | — | 9.5% | ||
| Q1 24 | -1.3% | 6.8% |
| Q4 25 | -3.1% | 2.9% | ||
| Q3 25 | -1.0% | 3.9% | ||
| Q2 25 | -0.6% | 5.1% | ||
| Q1 25 | -2.2% | 3.5% | ||
| Q4 24 | -1.5% | 3.9% | ||
| Q3 24 | -23.4% | 4.6% | ||
| Q2 24 | -0.8% | 7.2% | ||
| Q1 24 | -1.6% | 3.3% |
| Q4 25 | $-0.28 | $0.49 | ||
| Q3 25 | $-0.08 | $0.68 | ||
| Q2 25 | $-0.05 | $0.89 | ||
| Q1 25 | $-0.18 | $0.58 | ||
| Q4 24 | $-0.17 | $0.63 | ||
| Q3 24 | $-1.81 | $0.79 | ||
| Q2 24 | $-0.06 | $1.25 | ||
| Q1 24 | $-0.13 | $0.56 |
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 | $310.0M |
| Total DebtLower is stronger | $387.0M | — |
| Stockholders' EquityBook value | $1.5B | $1.9B |
| Total Assets | $3.3B | $8.2B |
| Debt / EquityLower = less leverage | 0.25× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $17.0M | $310.0M | ||
| Q3 25 | $25.0M | $335.0M | ||
| Q2 25 | $18.0M | $225.0M | ||
| Q1 25 | $16.0M | $212.0M | ||
| Q4 24 | $35.0M | $246.0M | ||
| Q3 24 | $55.0M | $378.0M | ||
| Q2 24 | $7.0M | $250.0M | ||
| Q1 24 | $7.0M | $229.0M |
| 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 | $1.9B | ||
| Q3 25 | $1.6B | $1.8B | ||
| Q2 25 | $1.6B | $1.8B | ||
| Q1 25 | $1.6B | $1.6B | ||
| Q4 24 | $1.6B | $1.6B | ||
| Q3 24 | $1.7B | $1.6B | ||
| Q2 24 | $579.0M | $1.5B | ||
| Q1 24 | $582.0M | $1.3B |
| Q4 25 | $3.3B | $8.2B | ||
| Q3 25 | $3.2B | $8.2B | ||
| Q2 25 | $3.2B | $8.1B | ||
| Q1 25 | $3.3B | $7.9B | ||
| Q4 24 | $3.4B | $7.7B | ||
| Q3 24 | $3.4B | $7.9B | ||
| Q2 24 | $1.8B | $7.7B | ||
| Q1 24 | $1.8B | $7.6B |
| 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 | $7.0M | — |
| Free Cash FlowOCF − Capex | $-9.0M | — |
| FCF MarginFCF / Revenue | -0.6% | — |
| Capex IntensityCapex / Revenue | 1.1% | 5.3% |
| 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 | $23.0M | $371.0M | ||
| Q2 25 | $23.0M | $247.0M | ||
| Q1 25 | $-2.0M | $142.0M | ||
| Q4 24 | $-7.0M | $189.0M | ||
| Q3 24 | $-7.0M | $264.0M | ||
| Q2 24 | $-5.0M | $210.0M | ||
| Q1 24 | $7.0M | $145.0M |
| Q4 25 | $-9.0M | — | ||
| Q3 25 | $9.0M | $215.0M | ||
| Q2 25 | $9.0M | $51.0M | ||
| Q1 25 | $-17.0M | $-57.0M | ||
| Q4 24 | $-19.0M | $23.0M | ||
| Q3 24 | $-18.0M | $137.0M | ||
| Q2 24 | $-16.0M | $20.0M | ||
| Q1 24 | $-4.0M | $-161.0M |
| Q4 25 | -0.6% | — | ||
| Q3 25 | 0.6% | 10.2% | ||
| Q2 25 | 0.6% | 2.5% | ||
| Q1 25 | -1.2% | -2.9% | ||
| Q4 24 | -1.1% | 1.2% | ||
| Q3 24 | -1.7% | 6.7% | ||
| Q2 24 | -1.7% | 1.0% | ||
| Q1 24 | -0.4% | -8.0% |
| Q4 25 | 1.1% | 5.3% | ||
| Q3 25 | 1.0% | 7.4% | ||
| Q2 25 | 1.0% | 9.4% | ||
| Q1 25 | 1.0% | 10.2% | ||
| Q4 24 | 0.7% | 8.6% | ||
| Q3 24 | 1.1% | 6.2% | ||
| Q2 24 | 1.2% | 9.1% | ||
| Q1 24 | 1.2% | 15.2% |
| 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× | ||
| Q1 24 | — | 2.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
XPO
| North American LTL | $1.2B | 58% |
| European Transportation | $844.0M | 42% |
