Saturday 17 October 2026 Export XPO’s income statement to Excel — free account

XPO, Inc.

XPO, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $8.2 billion, up 1.05% from fiscal 2024. In the quarter to June 2026, revenue grew 13.2%, EPS grew 53.3%, free cash flow grew 269.6% and total debt fell 5.90%, each against the same quarter a year earlier. Revenue growth for five consecutive years.

186.68 2.15 −1.14%

Follow XPO

Alert me

Market cap: $22.1B
P/E: 54.3×
Fwd P/E: 50.5×
Dividend yield: —
F-score: 4/9
Altman Z: 2.94
Beneish M: −2.80
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 2.73

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	1	—	—	1	2	2

Insider Ownership 3.21%

Capital & Financial Ratios $m

Market Cap 22,110.00

Revenue 8,574.00

Net Income 404.00

Free Cash Flow 650.00

Net Debt 2,908.00

Current Ratio 1.01

Debt/Equity 1.63

P/E ratio 54.27

Fwd P/E 50.50

P/S ratio 2.55

P/B ratio 11.13

Past 5Y EPS Growth 27.62%

This Y EPS Growth 48.24%

Next Y EPS Growth 19.15%

Next Y revenue growth 11.19%

Next 5Y EPS Growth 28.85%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 82.57%

10-year low 10-year high

P/S against its own 10 years 94.58%

10-year low 10-year high

P/B against its own 10 years 93.70%

10-year low 10-year high

EV/Sales against its own 10 years 94.58%

10-year low 10-year high

EV/FCF against its own 10 years 58.60%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	412	246	310	298
Receivables	973	977	1,035	1,267
Inventory	—	—	—	—
Other	208	283	285	249
	1,593	1,505	1,630	1,814

	2023	2024	2025	Q'26
Payables	532	477	455	486
ST’ Debt	69	62	60	159
Other	93	46	113	155
	1,590	1,420	1,555	1,794

Compound Annual Growth %

	10y	5y	3y
Sales	0.68%	5.75%	1.86%
Cash Flow	26.93%	27.21%	6.17%
Earnings	0.00%	23.50%	(22.00%)
Book Value	(4.85%)	(8.16%)	22.51%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	2,096	2,355	—	—	—
’25	1,954	2,080	2,111	2,012	8,157
’24	2,018	2,079	2,053	1,922	8,072
’23	1,907	1,917	1,980	1,940	7,744
’22	1,894	2,047	1,946	1,831	7,718
’21	2,989	3,186	3,270	1,772	7,202
’20	3,864	3,502	2,675	2,938	6,168

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	183	308	—	—	—
’25	142	247	371	226	986
’24	145	210	264	189	808
’23	76	131	236	251	694
’22	188	169	271	196	824
’21	77	231	250	(68)	490
’20	180	214	(102)	4	296

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	79	207	—	—	—
’25	(50)	56	221	143	370
’24	(154)	26	141	81	94
’23	(140)	5	103	(778)	(810)
’22	68	54	162	107	391
’21	39	194	185	(66)	352
’20	95	121	(7)	13	222

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.85	1.36	—	—	—
’25	0.58	0.89	0.68	0.50	2.64
’24	0.56	1.25	0.79	0.63	3.23
’23	0.13	0.28	0.71	0.49	1.60
’22	4.22	1.22	1.13	(0.81)	5.76
’21	1.02	1.38	(0.49)	1.05	2.93
’20	0.20	(1.45)	0.83	0.91	0.78

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	6.24	14.55	14.20	15.82	13.31	37.62	24.76	29.02	80.26	85.06	Analyst estimates 2026–2028 Powerpack
	High	17.24	32.38	40.21	29.91	42.74	53.94	47.31	90.84	161.00	155.08
People
People	Employees	87,000	95,000	100,000	100,000	102,000	42,000	38,000	38,000	38,000	37,000
	Revenue/emp, $m	0.17	0.16	0.17	0.11	0.06	0.17	0.20	0.20	0.21	0.22
Income, $m
Income, $m	Revenue	14,619	15,381	17,279	10,681	6,168	7,202	7,718	7,744	8,072	8,157
	Gross margin, %	14.47	14.58	14.71	20.00	21.24	100.00	100.00	100.00	100.00	100.00
	EBT	107	261	566	301	(164)	107	258	260	473	437
	EBT margin, %	0.73	1.70	3.28	2.82	(2.66)	1.49	3.34	3.36	5.86	5.36
	Net income	85	360	444	440	117	341	666	189	387	316
	Depreciation	643	658	716	467	378	385	392	432	490	521
Per share, $
Per share, $	Revenue	132.90	133.75	140.48	111.26	67.04	64.30	67.11	66.76	69.59	69.13
	Earnings	0.57	2.72	3.17	3.95	0.87	2.99	5.79	1.64	3.33	2.69
	Cash flow	5.65	6.83	8.96	6.55	3.22	4.38	7.17	5.98	6.97	8.36
	Capex	(3.76)	(3.36)	(3.32)	(1.48)	(0.80)	(1.23)	(3.77)	(12.97)	(6.16)	(5.22)
	Free cash flow	1.89	3.47	5.64	5.07	2.41	3.14	3.40	(6.98)	0.81	3.14
	Book value	27.61	34.87	32.28	30.17	30.97	10.16	8.80	10.91	13.80	15.77
	Shares, m	110	115	123	96	92	112	115	116	116	118
Valuation, ×
Valuation, ×	P/E	26.98	11.98	6.20	6.84	57.26	15.18	5.57	51.76	39.38	50.71
	P/S	0.11	0.24	0.14	0.25	0.29	0.47	0.48	1.27	1.88	1.97
	P/B	0.55	0.93	0.62	0.93	1.33	4.65	3.68	7.78	9.51	8.62
	EV/Sales	0.42	0.51	0.36	0.71	0.66	0.77	0.75	1.66	2.27	2.33
	EV/FCF	29.60	19.56	8.92	15.47	38.66	24.53	14.81	(15.85)	195.26	51.46
Cash, $m
Cash, $m	Operating cash flow	622	785	1,102	629	296	490	824	694	808	986
	Capex	(414)	(386)	(408)	(142)	(74)	(138)	(433)	(1,504)	(714)	(616)
	Free cash flow	208	399	694	487	222	352	391	(810)	94	370
Balance, $m
Balance, $m	Working capital	342	591	375	84	217	139	123	3	85	75
	Total debt	4,868	4,522	4,269	5,266	6,521	3,571	2,532	3,404	3,387	3,313
	Net debt	4,495	4,125	3,767	4,889	4,790	3,343	2,072	2,992	3,141	3,003
	Shareholders’ equity	3,038	4,010	3,970	2,896	2,849	1,138	1,012	1,266	1,601	1,861
Returns, %
Returns, %	ROA	0.52	2.57	3.14	3.17	0.73	2.70	8.89	2.75	5.09	3.97
	ROIC	3.85	4.47	5.69	4.50	0.79	4.35	7.64	6.43	8.71	8.44
	ROE	2.09	8.96	9.88	12.35	3.86	16.86	61.95	16.59	27.01	18.26

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ODFL Old Dominion Freight Line, Inc.	$39.2B	36.0×	45.1×	+10.39% (above 0%: growing)	+33.07% (above 0%: growing)	+123.99% (above 0%: growing)	97.83%	29.94%	Compare
XPO XPO, Inc.	$22.1B	54.3×	50.5×	+13.22% (above 0%: growing)	+53.33% (above 0%: growing)	+269.64% (above 0%: growing)	100.00%	11.55%
KNX Knight-Swift Transportation Holdings Inc.	$10.6B	240×	48.5×	+12.56% (above 0%: growing)	+28.57% (above 0%: growing)	+41.85% (above 0%: growing)	69.96%	5.00%	Compare
TFII TFI International Inc.	$9.4B	27.9×	34.1×	+12.38% (above 0%: growing)	+40.68% (above 0%: growing)	+10.93% (above 0%: growing)	47.92%	9.62%	Compare
SAIA Saia, Inc.	$9.1B	32.2×	41.4×	+17.06% (above 0%: growing)	+31.84% (above 0%: growing)	+2,170.05% (above 0%: growing)	70.34%	13.09%	Compare
SNDR Schneider National, Inc.	$5.5B	49.2×	41.6×	+10.43% (above 0%: growing)	+33.33% (above 0%: growing)	−33.07% (below 0%: shrinking)	53.68%	4.55%	Compare
RXO RXO INC	$4.8B	— (loss-making)	— (loss-making)	+25.02% (above 0%: growing)	n/m	−620.00% (below 0%: shrinking)	14.04%	0.06%	Compare
ARCB ArcBest Corporation	$3.0B	186×	33.5×	+15.87% (above 0%: growing)	n/m	+45.84% (above 0%: growing)	(1.74%)	(1.74%)	Compare
WERN Werner Enterprises, Inc.	$2.0B	— (loss-making)	56.2×	+24.00% (above 0%: growing)	−84.72% (below 0%: shrinking)	+581.60% (above 0%: growing)	52.19%	1.81%	Compare
Median of peers	$7.3B	42.6×	41.6×	+14.22%	+32.46%	+43.85%	52.94%	4.78%

All 18 Trucking stocks →

XPO, Inc. (XPO) key facts

Strength: XPO, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $8.2 billion, up 1.05% from fiscal 2024.
XPO, Inc. (XPO) is a Trucking company in the Industrials sector, listed on the New York Stock Exchange.
As of October 16, 2026, XPO traded at $186.68, a market capitalization of $22.1 billion.
Return on equity was 18.3% and debt-to-equity 1.63.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 2.94 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.