XPO Industrials

XPO, Inc.

$191.15-0.30%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Industrials
Industry: Trucking
Country: United States
Market cap: 22.4B USD
Enterprise value: 24.9B USD
Full-time employees: 38,000

Overall health

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.70 vs a peer median of 0.64), less short-term liquidity (current ratio 1.01 vs a peer median of 1.62) and more debt relative to equity (1.68× vs a peer median of 0.40×)higher risk: bigger price swings (beta 1.70 vs peers 0.64), less liquidity (current ratio 1.01 vs peers 1.62) and more debt vs equity (1.68× vs peers 0.40×)
About average: growth

Ranks #1,723 of 2,308 industrials companies (bottom 26%)

See how it ranks against its peers

Worth knowing

Stock pay outran buybacks. Stock-based pay expense $242M vs $125M spent repurchasing shares over the 3 fiscal years to 2025. Shares outstanding changed +1.8% from December 2022 to July 2026.
Over three fiscal years XPO recorded $242M of stock-based pay expense and spent $125M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years XPO recorded $242M of stock-based pay expense and spent $125M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.
Profits growing faster than sales. Since 2022 (an unusually strong year for operating profit): revenue +5.7%, operating profit +74%.Since 2022: revenue +5.7%, operating profit +74%.
Since 2022, XPO's revenue grew 5.7% while operating profit grew 74%: each extra dollar of sales is adding more profit.
Profit is backed by cash. Free cash flow is 146% of reported profit.
XPO's free cash flow is 146% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.
More volatile share price. Beta 1.70: tends to move more than the market.
XPO's shares have swung more with the market than most peers' (beta 1.70, above the market's 1.0).

StockQuotient Score

38/ 100

Oct 5 39 → Nov 4 38 (-1)

Valuation

Is the price right?

32/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield1.8%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score -0.67Sector median: 0.0377 · MAD: 0.0294

EBITDA yield4.9%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -0.49Sector median: 0.0695 · MAD: 0.0425

Free cash flow yield2.6%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -0.29Sector median: 0.0370 · MAD: 0.0370

Other data (not scored)

Book yield8.8%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5027 · MAD: 0.2823

Growth

Is it growing?

56/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 3.3%

Why

Helped by:

▲ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth17.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.43Sector median: 0.0709 · MAD: 0.2481

3-year revenue growth4.1%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score -0.02Sector median: 0.0421 · MAD: 0.0625

Revenue growth7.1%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.35Sector median: 0.0439 · MAD: 0.0766

Profitability

Does it earn well?

62/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ ROIC
▲ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin8.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.20Sector median: 0.0773 · MAD: 0.0507

Return on assets4.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.72Sector median: 0.0311 · MAD: 0.0241

Return on invested capital12.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.87Sector median: 0.0715 · MAD: 0.0558

Other data (not scored)

Gross margin19.0%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.2573 · MAD: 0.1038

Return on equity20.6%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0802 · MAD: 0.0639

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Beta
▼ Debt / equity
▼ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.70

Yahoo Finance · 5-year monthly beta vs the marketOutlier capped at sector 5th/95th percentile33% base weight · Z-score -3.49Sector median: 0.6440 · MAD: 0.2745

Current ratio1.01×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.13Sector median: 1.6180 · MAD: 0.5360

Debt / equity1.68×

SEC filings · latest balance sheetReported value33% base weight · Z-score -3.78Sector median: 0.4019 · MAD: 0.3378

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about XPO

Is XPO getting weaker?: Its latest SEC filing (Jul 30, 2026) showed no major changes. Its overall score is unchanged at 38/100 since Oct 28, 2026.
How is XPO valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 32/100 against 2,459 industrials peers. Earnings yield 1.8% vs a peer median of 3.8% (weaker than 69% of peers).Earnings yield 1.8% vs peers 3.8% (weaker than 69% of peers).
Is XPO growing?: At about the same pace as its peers. Growth scores 56/100 against 2,459 industrials peers. Earnings per share growth 17.8% vs a peer median of 7.1% (stronger than 65% of peers).Earnings per share growth 17.8% vs peers 7.1% (stronger than 65% of peers).
How profitable is XPO?: More profitable than most of its peers. Profitability scores 62/100 against 2,459 industrials peers. Return on invested capital 12.0% vs a peer median of 7.1% (stronger than 70% of peers).Return on invested capital 12.0% vs peers 7.1% (stronger than 70% of peers).
How risky is XPO?: Higher risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Beta 1.70 vs a peer median of 0.64 (weaker than 100% of peers).Beta 1.70 vs peers 0.64 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Jul 30, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	8.3B USD	8.6B USD	+3.3%
Net income (12 months)	348.0M USD	404.0M USD	+16.1%
Operating margin	8.2%	8.8%	+0.6 pts
Free cash flow (12 months)	458.0M USD	588.0M USD	+28.4%
Debt	3.4B USD	3.3B USD	−2.2%
Cash	237.0M USD	298.0M USD	+25.7%
Shares outstanding	117.4M	117.1M	−0.3%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Industrials · 318 companies

Valuations in Industrials are near the top of their range since 2016.

85% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +20% and earnings +14% (medians): prices and earnings moved broadly together.
Median price-to-sales is −24% vs the whole market, against a usual −31%.

2016Shaded: most expensive fifth of its range2026

Shown for Industrials: too few Trucking companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	4.3%	4.9%	5.7%	8.2%	8.0%	▼ 0.1 pts
Net margin	4.7%	8.6%	2.4%	4.8%	3.9%	▼ 0.9 pts
Return on assets (ROA)	3.9%	10.6%	2.5%	5.0%	3.9%	▼ 1.2 pts
Return on equity (ROE)	29.5%	65.8%	14.9%	24.2%	17.0%	▼ 7.2 pts
Free cash flow margin	5.4%	3.9%	-10.8%	0.2%	4.0%	▲ 3.8 pts
Current ratio	1.05×	1.08×	1.00×	1.06×	1.05×	▼ 1.1%
Debt to equity	3.24×	2.61×	2.78×	2.18×	1.83×	▼ 16%
Interest coverage	1.48×	2.79×	2.61×	2.96×	3.00×	▲ 1.2%

XPO price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

One and one Green Technologies. IncYDDL95/ 100

Prored Partners CO.,LTD.7034.T94/ 100

Promotora y Operadora de Infraestructura, S. A. B. de C. V.PINFRA.MX93/ 100

Bringing the fundamentals into focus…

Overall health

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.70 vs a peer median of 0.64), less short-term liquidity (current ratio 1.01 vs a peer median of 1.62) and more debt relative to equity (1.68× vs a peer median of 0.40×)higher risk: bigger price swings (beta 1.70 vs peers 0.64), less liquidity (current ratio 1.01 vs peers 1.62) and more debt vs equity (1.68× vs peers 0.40×)

About average: growth

Ranks #1,723 of 2,308 industrials companies (bottom 26%)

See how it ranks against its peers

Worth knowing

Stock pay outran buybacks. Stock-based pay expense $242M vs $125M spent repurchasing shares over the 3 fiscal years to 2025. Shares outstanding changed +1.8% from December 2022 to July 2026.

Over three fiscal years XPO recorded $242M of stock-based pay expense and spent $125M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years XPO recorded $242M of stock-based pay expense and spent $125M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.

Profits growing faster than sales. Since 2022 (an unusually strong year for operating profit): revenue +5.7%, operating profit +74%.Since 2022: revenue +5.7%, operating profit +74%.

Since 2022, XPO's revenue grew 5.7% while operating profit grew 74%: each extra dollar of sales is adding more profit.

Profit is backed by cash. Free cash flow is 146% of reported profit.

XPO's free cash flow is 146% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

More volatile share price. Beta 1.70: tends to move more than the market.

XPO's shares have swung more with the market than most peers' (beta 1.70, above the market's 1.0).

Questions investors ask about XPO

Is XPO getting weaker?

Its latest SEC filing (Jul 30, 2026) showed no major changes. Its overall score is unchanged at 38/100 since Oct 28, 2026.

How is XPO valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 32/100 against 2,459 industrials peers. Earnings yield 1.8% vs a peer median of 3.8% (weaker than 69% of peers).Earnings yield 1.8% vs peers 3.8% (weaker than 69% of peers).

Is XPO growing?

At about the same pace as its peers. Growth scores 56/100 against 2,459 industrials peers. Earnings per share growth 17.8% vs a peer median of 7.1% (stronger than 65% of peers).Earnings per share growth 17.8% vs peers 7.1% (stronger than 65% of peers).

How profitable is XPO?

More profitable than most of its peers. Profitability scores 62/100 against 2,459 industrials peers. Return on invested capital 12.0% vs a peer median of 7.1% (stronger than 70% of peers).Return on invested capital 12.0% vs peers 7.1% (stronger than 70% of peers).

How risky is XPO?

Higher risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Beta 1.70 vs a peer median of 0.64 (weaker than 100% of peers).Beta 1.70 vs peers 0.64 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

8.3B USD

8.6B USD

+3.3%

Net income (12 months)

348.0M USD

404.0M USD

+16.1%

Operating margin

8.2%

8.8%

+0.6 pts

Free cash flow (12 months)

458.0M USD

588.0M USD

+28.4%

Debt

3.4B USD

3.3B USD

−2.2%

Cash

237.0M USD

298.0M USD

+25.7%

Shares outstanding

117.4M

117.1M

−0.3%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

4.3%

4.9%

5.7%

8.2%

8.0%

▼ 0.1 pts

Net margin

4.7%

8.6%

2.4%

4.8%

3.9%

▼ 0.9 pts

Return on assets (ROA)

3.9%

10.6%

2.5%

5.0%

3.9%

▼ 1.2 pts

Return on equity (ROE)

29.5%

65.8%

14.9%

24.2%

17.0%

▼ 7.2 pts

Free cash flow margin

5.4%

3.9%

-10.8%

0.2%

4.0%

▲ 3.8 pts

Current ratio

1.05×

1.08×

1.00×

1.06×

1.05×

▼ 1.1%

Debt to equity

3.24×

2.61×

2.78×

2.18×

1.83×

▼ 16%

Interest coverage

1.48×

2.79×

2.61×

2.96×

3.00×

▲ 1.2%