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Side-by-side financial comparison of WESTERN ALLIANCE BANCORPORATION (WAL) 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 $1.0B, roughly 2.0× WESTERN ALLIANCE BANCORPORATION). WESTERN ALLIANCE BANCORPORATION runs the higher net margin — 18.6% vs 2.9%, a 15.6% gap on every dollar of revenue. On growth, WESTERN ALLIANCE BANCORPORATION posted the faster year-over-year revenue change (31.0% vs 4.7%). Over the past eight quarters, WESTERN ALLIANCE BANCORPORATION's revenue compounded faster (14.9% CAGR vs -0.1%).
Western Alliance Bancorporation is a regional bank holding company headquartered in Phoenix. It is on the list of largest banks in the United States and is ranked 97th on the Forbes list of America's Best Banks.
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.
WAL vs XPO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $2.0B |
| Net Profit | $189.2M | $59.0M |
| Gross Margin | — | — |
| Operating Margin | — | 7.1% |
| Net Margin | 18.6% | 2.9% |
| Revenue YoY | 31.0% | 4.7% |
| Net Profit YoY | -5.0% | -21.3% |
| EPS (diluted) | $1.65 | $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.
| Q1 26 | $1.0B | — | ||
| Q4 25 | $980.9M | $2.0B | ||
| Q3 25 | $938.2M | $2.1B | ||
| Q2 25 | $845.9M | $2.1B | ||
| Q1 25 | $778.0M | $2.0B | ||
| Q4 24 | $838.4M | $1.9B | ||
| Q3 24 | $823.1M | $2.1B | ||
| Q2 24 | $771.8M | $2.1B |
| Q1 26 | $189.2M | — | ||
| Q4 25 | $286.1M | $59.0M | ||
| Q3 25 | $253.4M | $82.0M | ||
| Q2 25 | $230.4M | $106.0M | ||
| Q1 25 | $199.1M | $69.0M | ||
| Q4 24 | $216.9M | $75.0M | ||
| Q3 24 | $199.8M | $95.0M | ||
| Q2 24 | $193.6M | $150.0M |
| Q1 26 | — | — | ||
| Q4 25 | 36.3% | 7.1% | ||
| Q3 25 | 33.4% | 7.8% | ||
| Q2 25 | 34.4% | 9.5% | ||
| Q1 25 | 31.7% | 7.7% | ||
| Q4 24 | 30.9% | 7.8% | ||
| Q3 24 | 30.6% | 8.6% | ||
| Q2 24 | 32.1% | 9.5% |
| Q1 26 | 18.6% | — | ||
| Q4 25 | 29.2% | 2.9% | ||
| Q3 25 | 27.0% | 3.9% | ||
| Q2 25 | 27.2% | 5.1% | ||
| Q1 25 | 25.6% | 3.5% | ||
| Q4 24 | 25.9% | 3.9% | ||
| Q3 24 | 24.3% | 4.6% | ||
| Q2 24 | 25.1% | 7.2% |
| Q1 26 | $1.65 | — | ||
| Q4 25 | $2.59 | $0.49 | ||
| Q3 25 | $2.28 | $0.68 | ||
| Q2 25 | $2.07 | $0.89 | ||
| Q1 25 | $1.79 | $0.58 | ||
| Q4 24 | $1.94 | $0.63 | ||
| Q3 24 | $1.80 | $0.79 | ||
| Q2 24 | $1.75 | $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 | — | $310.0M |
| Total DebtLower is stronger | $4.3B | — |
| Stockholders' EquityBook value | $7.9B | $1.9B |
| Total Assets | $98.9B | $8.2B |
| Debt / EquityLower = less leverage | 0.54× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $310.0M | ||
| Q3 25 | — | $335.0M | ||
| Q2 25 | — | $225.0M | ||
| Q1 25 | — | $212.0M | ||
| Q4 24 | — | $246.0M | ||
| Q3 24 | — | $378.0M | ||
| Q2 24 | — | $250.0M |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $2.9B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $436.0M | — |
| Q1 26 | $7.9B | — | ||
| Q4 25 | $7.7B | $1.9B | ||
| Q3 25 | $7.4B | $1.8B | ||
| Q2 25 | $7.1B | $1.8B | ||
| Q1 25 | $6.9B | $1.6B | ||
| Q4 24 | $6.7B | $1.6B | ||
| Q3 24 | $6.7B | $1.6B | ||
| Q2 24 | $6.3B | $1.5B |
| Q1 26 | $98.9B | — | ||
| Q4 25 | $92.8B | $8.2B | ||
| Q3 25 | $91.0B | $8.2B | ||
| Q2 25 | $86.7B | $8.1B | ||
| Q1 25 | $83.0B | $7.9B | ||
| Q4 24 | $80.9B | $7.7B | ||
| Q3 24 | $80.1B | $7.9B | ||
| Q2 24 | $80.6B | $7.7B |
| Q1 26 | 0.54× | — | ||
| Q4 25 | 0.18× | — | ||
| Q3 25 | 0.39× | — | ||
| Q2 25 | 0.41× | — | ||
| Q1 25 | 0.23× | — | ||
| Q4 24 | 0.36× | — | ||
| Q3 24 | 0.21× | — | ||
| Q2 24 | 0.07× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
WAL
Segment breakdown not available.
XPO
| North American LTL | $1.2B | 58% |
| European Transportation | $844.0M | 42% |
