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Side-by-side financial comparison of SEALED AIR CORP (SEE) 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× SEALED AIR CORP). XPO, Inc. runs the higher net margin — 4.8% vs 3.1%, a 1.7% gap on every dollar of revenue. On growth, XPO, Inc. posted the faster year-over-year revenue change (7.3% vs 2.6%). Over the past eight quarters, SEALED AIR CORP's revenue compounded faster (2.7% CAGR vs 0.4%).
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
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.
SEE vs XPO — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $2.1B |
| Net Profit | $43.8M | $101.0M |
| Gross Margin | 28.6% | — |
| Operating Margin | 11.4% | 8.3% |
| Net Margin | 3.1% | 4.8% |
| Revenue YoY | 2.6% | 7.3% |
| Net Profit YoY | 700.0% | 46.4% |
| EPS (diluted) | $0.30 | $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 | $1.4B | $2.0B | ||
| Q3 25 | $1.3B | $2.1B | ||
| Q2 25 | $1.3B | $2.1B | ||
| Q1 25 | $1.3B | $2.0B | ||
| Q4 24 | $1.4B | $1.9B | ||
| Q3 24 | $1.3B | $2.1B | ||
| Q2 24 | $1.3B | $2.1B |
| Q1 26 | — | $101.0M | ||
| Q4 25 | $43.8M | $59.0M | ||
| Q3 25 | $255.1M | $82.0M | ||
| Q2 25 | $93.1M | $106.0M | ||
| Q1 25 | $113.5M | $69.0M | ||
| Q4 24 | $-7.3M | $75.0M | ||
| Q3 24 | $91.7M | $95.0M | ||
| Q2 24 | $98.3M | $150.0M |
| Q1 26 | — | — | ||
| Q4 25 | 28.6% | — | ||
| Q3 25 | 29.8% | — | ||
| Q2 25 | 30.7% | — | ||
| Q1 25 | 30.9% | — | ||
| Q4 24 | 30.0% | — | ||
| Q3 24 | 30.1% | — | ||
| Q2 24 | 31.2% | — |
| Q1 26 | — | 8.3% | ||
| Q4 25 | 11.4% | 7.1% | ||
| Q3 25 | 13.8% | 7.8% | ||
| Q2 25 | 15.0% | 9.5% | ||
| Q1 25 | 14.5% | 7.7% | ||
| Q4 24 | 11.7% | 7.8% | ||
| Q3 24 | 13.9% | 8.6% | ||
| Q2 24 | 15.4% | 9.5% |
| Q1 26 | — | 4.8% | ||
| Q4 25 | 3.1% | 2.9% | ||
| Q3 25 | 19.0% | 3.9% | ||
| Q2 25 | 7.0% | 5.1% | ||
| Q1 25 | 9.0% | 3.5% | ||
| Q4 24 | -0.5% | 3.9% | ||
| Q3 24 | 6.9% | 4.6% | ||
| Q2 24 | 7.4% | 7.2% |
| Q1 26 | — | $0.85 | ||
| Q4 25 | $0.30 | $0.49 | ||
| Q3 25 | $1.73 | $0.68 | ||
| Q2 25 | $0.63 | $0.89 | ||
| Q1 25 | $0.77 | $0.58 | ||
| Q4 24 | $-0.05 | $0.63 | ||
| Q3 24 | $0.63 | $0.79 | ||
| Q2 24 | $0.67 | $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 | $344.0M | $237.0M |
| Total DebtLower is stronger | $3.3B | $3.3B |
| Stockholders' EquityBook value | $1.2B | $1.9B |
| Total Assets | $7.0B | $8.2B |
| Debt / EquityLower = less leverage | 2.65× | 1.77× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $237.0M | ||
| Q4 25 | $344.0M | $310.0M | ||
| Q3 25 | $282.5M | $335.0M | ||
| Q2 25 | $354.4M | $225.0M | ||
| Q1 25 | $335.2M | $212.0M | ||
| Q4 24 | $371.8M | $246.0M | ||
| Q3 24 | $386.0M | $378.0M | ||
| Q2 24 | $388.6M | $250.0M |
| Q1 26 | — | $3.3B | ||
| Q4 25 | $3.3B | — | ||
| Q3 25 | $4.0B | — | ||
| Q2 25 | $4.0B | — | ||
| Q1 25 | $4.2B | — | ||
| Q4 24 | $4.2B | — | ||
| Q3 24 | $4.3B | — | ||
| Q2 24 | $4.4B | — |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.2B | $1.9B | ||
| Q3 25 | $1.2B | $1.8B | ||
| Q2 25 | $953.1M | $1.8B | ||
| Q1 25 | $797.9M | $1.6B | ||
| Q4 24 | $624.5M | $1.6B | ||
| Q3 24 | $771.2M | $1.6B | ||
| Q2 24 | $650.1M | $1.5B |
| Q1 26 | — | $8.2B | ||
| Q4 25 | $7.0B | $8.2B | ||
| Q3 25 | $7.1B | $8.2B | ||
| Q2 25 | $7.2B | $8.1B | ||
| Q1 25 | $7.0B | $7.9B | ||
| Q4 24 | $7.0B | $7.7B | ||
| Q3 24 | $7.3B | $7.9B | ||
| Q2 24 | $7.3B | $7.7B |
| Q1 26 | — | 1.77× | ||
| Q4 25 | 2.65× | — | ||
| Q3 25 | 3.34× | — | ||
| Q2 25 | 4.18× | — | ||
| Q1 25 | 5.26× | — | ||
| Q4 24 | 6.72× | — | ||
| Q3 24 | 5.62× | — | ||
| Q2 24 | 6.81× | — |
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 | $293.6M | $183.0M |
| Free Cash FlowOCF − Capex | $257.7M | — |
| FCF MarginFCF / Revenue | 18.5% | — |
| Capex IntensityCapex / Revenue | 2.6% | — |
| Cash ConversionOCF / Net Profit | 6.70× | 1.81× |
| TTM Free Cash FlowTrailing 4 quarters | $458.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $183.0M | ||
| Q4 25 | $293.6M | — | ||
| Q3 25 | $165.9M | $371.0M | ||
| Q2 25 | $136.6M | $247.0M | ||
| Q1 25 | $31.9M | $142.0M | ||
| Q4 24 | $244.2M | $189.0M | ||
| Q3 24 | $170.5M | $264.0M | ||
| Q2 24 | $188.2M | $210.0M |
| Q1 26 | — | — | ||
| Q4 25 | $257.7M | — | ||
| Q3 25 | $119.6M | $215.0M | ||
| Q2 25 | $93.2M | $51.0M | ||
| Q1 25 | $-12.0M | $-57.0M | ||
| Q4 24 | $185.1M | $23.0M | ||
| Q3 24 | $115.2M | $137.0M | ||
| Q2 24 | $129.5M | $20.0M |
| Q1 26 | — | — | ||
| Q4 25 | 18.5% | — | ||
| Q3 25 | 8.9% | 10.2% | ||
| Q2 25 | 7.0% | 2.5% | ||
| Q1 25 | -0.9% | -2.9% | ||
| Q4 24 | 13.6% | 1.2% | ||
| Q3 24 | 8.6% | 6.7% | ||
| Q2 24 | 9.7% | 1.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 5.3% | ||
| Q3 25 | 3.4% | 7.4% | ||
| Q2 25 | 3.3% | 9.4% | ||
| Q1 25 | 3.5% | 10.2% | ||
| Q4 24 | 4.4% | 8.6% | ||
| Q3 24 | 4.1% | 6.2% | ||
| Q2 24 | 4.4% | 9.1% |
| Q1 26 | — | 1.81× | ||
| Q4 25 | 6.70× | — | ||
| Q3 25 | 0.65× | 4.52× | ||
| Q2 25 | 1.47× | 2.33× | ||
| Q1 25 | 0.28× | 2.06× | ||
| Q4 24 | — | 2.52× | ||
| Q3 24 | 1.86× | 2.78× | ||
| Q2 24 | 1.91× | 1.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
XPO
Segment breakdown not available.
