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RXO, Inc.（RXO）与XPO, Inc.（XPO）财务数据对比。点击上方公司名可切换其他公司
XPO, Inc.的季度营收约是RXO, Inc.的1.4倍（$2.0B vs $1.5B）。XPO, Inc.净利率更高（2.9% vs -3.1%，领先6.1%）。XPO, Inc.同比增速更快（4.7% vs -11.9%）。过去两年RXO, Inc.的营收复合增速更高（26.8% vs -0.1%）
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
XPO Inc.（原XPO物流）是美国交通运输企业，主营北美区域零担货运业务，总部位于康涅狄格州格林尼治，全球共设592个运营网点。作为北美第二大零担货运服务商，其服务覆盖99%的美国邮政编码区域。
RXO vs XPO — 直观对比
营收规模更大
XPO
是对方的1.4倍
$1.5B
营收增速更快
XPO
高出16.6%
-11.9%
净利率更高
XPO
高出6.1%
-3.1%
两年增速更快
RXO
近两年复合增速
-0.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $2.0B |
| 净利润 | $-46.0M | $59.0M |
| 毛利率 | — | — |
| 营业利润率 | -2.9% | 7.1% |
| 净利率 | -3.1% | 2.9% |
| 营收同比 | -11.9% | 4.7% |
| 净利润同比 | -84.0% | -21.3% |
| 每股收益（稀释后） | $-0.28 | $0.49 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收RXOXPO
| 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 |
净利润RXOXPO
| 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 |
营业利润率RXOXPO
| 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% |
净利率RXOXPO
| 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% |
每股收益（稀释后）RXOXPO
| 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 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $17.0M | $310.0M |
| 总债务越低越好 | $387.0M | — |
| 股东权益账面价值 | $1.5B | $1.9B |
| 总资产 | $3.3B | $8.2B |
| 负债/权益比越低杠杆越低 | 0.25× | — |
8季度趋势，按日历期对齐
现金及短期投资RXOXPO
| 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 |
总债务RXOXPO
| 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 | — |
股东权益RXOXPO
| 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 |
总资产RXOXPO
| 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 |
负债/权益比RXOXPO
| 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× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $7.0M | — |
| 自由现金流经营现金流 - 资本支出 | $-9.0M | — |
| 自由现金流率自由现金流/营收 | -0.6% | — |
| 资本支出强度资本支出/营收 | 1.1% | 5.3% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-8.0M | — |
8季度趋势，按日历期对齐
经营现金流RXOXPO
| 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 |
自由现金流RXOXPO
| 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 |
自由现金流率RXOXPO
| 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% |
资本支出强度RXOXPO
| 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% |
现金转化率RXOXPO
| 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× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
