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Side-by-side financial comparison of Western Digital (WDC) and XPO, Inc. (XPO). Click either name above to swap in a different company.
Western Digital is the larger business by last-quarter revenue ($3.0B vs $2.0B, roughly 1.5× XPO, Inc.). Western Digital runs the higher net margin — 61.1% vs 2.9%, a 58.1% gap on every dollar of revenue. On growth, Western Digital posted the faster year-over-year revenue change (31.5% vs 4.7%). Over the past eight quarters, XPO, Inc.'s revenue compounded faster (-0.1% CAGR vs -6.6%).
Western Digital Corporation, doing business as WD, is an American data storage company headquartered in San Jose, California. Established in 1970, the company is one of the world's largest manufacturers of hard disk drives (HDDs).
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.
WDC vs XPO — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.0B | $2.0B |
| Net Profit | $1.8B | $59.0M |
| Gross Margin | 45.7% | — |
| Operating Margin | 30.1% | 7.1% |
| Net Margin | 61.1% | 2.9% |
| Revenue YoY | 31.5% | 4.7% |
| Net Profit YoY | 254.2% | -21.3% |
| EPS (diluted) | $4.73 | $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 | $3.0B | — | ||
| Q4 25 | $2.8B | $2.0B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | $-1.2B | $2.1B | ||
| Q1 25 | $2.3B | $2.0B | ||
| Q4 24 | $4.3B | $1.9B | ||
| Q3 24 | $4.1B | $2.1B | ||
| Q2 24 | $3.8B | $2.1B |
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.2B | $59.0M | ||
| Q3 25 | — | $82.0M | ||
| Q2 25 | $282.0M | $106.0M | ||
| Q1 25 | $520.0M | $69.0M | ||
| Q4 24 | $594.0M | $75.0M | ||
| Q3 24 | $493.0M | $95.0M | ||
| Q2 24 | $39.0M | $150.0M |
| Q1 26 | 45.7% | — | ||
| Q4 25 | 43.5% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 39.8% | — | ||
| Q4 24 | 35.4% | — | ||
| Q3 24 | 37.9% | — | ||
| Q2 24 | 35.9% | — |
| Q1 26 | 30.1% | — | ||
| Q4 25 | 28.1% | 7.1% | ||
| Q3 25 | — | 7.8% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | 33.1% | 7.7% | ||
| Q4 24 | 19.9% | 7.8% | ||
| Q3 24 | 18.1% | 8.6% | ||
| Q2 24 | 5.7% | 9.5% |
| Q1 26 | 61.1% | — | ||
| Q4 25 | 41.9% | 2.9% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | -24.4% | 5.1% | ||
| Q1 25 | 22.7% | 3.5% | ||
| Q4 24 | 13.9% | 3.9% | ||
| Q3 24 | 12.0% | 4.6% | ||
| Q2 24 | 1.0% | 7.2% |
| Q1 26 | $4.73 | — | ||
| Q4 25 | $3.07 | $0.49 | ||
| Q3 25 | — | $0.68 | ||
| Q2 25 | $0.72 | $0.89 | ||
| Q1 25 | $1.42 | $0.58 | ||
| Q4 24 | $1.63 | $0.63 | ||
| Q3 24 | $1.35 | $0.79 | ||
| Q2 24 | $0.15 | $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 | $2.0B | $310.0M |
| Total DebtLower is stronger | $4.7B | — |
| Stockholders' EquityBook value | $7.1B | $1.9B |
| Total Assets | $15.6B | $8.2B |
| Debt / EquityLower = less leverage | 0.65× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $310.0M | ||
| Q3 25 | — | $335.0M | ||
| Q2 25 | $2.1B | $225.0M | ||
| Q1 25 | $3.5B | $212.0M | ||
| Q4 24 | $2.3B | $246.0M | ||
| Q3 24 | $1.7B | $378.0M | ||
| Q2 24 | $1.9B | $250.0M |
| Q1 26 | $4.7B | — | ||
| Q4 25 | $4.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $4.7B | — | ||
| Q1 25 | $7.3B | — | ||
| Q4 24 | $7.4B | — | ||
| Q3 24 | $7.4B | — | ||
| Q2 24 | $7.4B | — |
| Q1 26 | $7.1B | — | ||
| Q4 25 | $5.9B | $1.9B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | $5.3B | $1.8B | ||
| Q1 25 | $5.2B | $1.6B | ||
| Q4 24 | $12.1B | $1.6B | ||
| Q3 24 | $11.6B | $1.6B | ||
| Q2 24 | $10.8B | $1.5B |
| Q1 26 | $15.6B | — | ||
| Q4 25 | $14.4B | $8.2B | ||
| Q3 25 | — | $8.2B | ||
| Q2 25 | $14.0B | $8.1B | ||
| Q1 25 | $16.4B | $7.9B | ||
| Q4 24 | $25.5B | $7.7B | ||
| Q3 24 | $24.8B | $7.9B | ||
| Q2 24 | $24.2B | $7.7B |
| Q1 26 | 0.65× | — | ||
| Q4 25 | 0.80× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.89× | — | ||
| Q1 25 | 1.42× | — | ||
| Q4 24 | 0.61× | — | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 0.69× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
WDC
| Cloud | $2.7B | 89% |
| Client Devices | $176.0M | 6% |
| Consumer | $168.0M | 6% |
XPO
| North American LTL | $1.2B | 58% |
| European Transportation | $844.0M | 42% |
