analyzeportfolio
NYSE · Industrials

XPO, Inc. (XPO)

As-reported financials and SEC filings for XPO, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About XPO, Inc.

XPO, Inc. provides freight transportation services in North America and Europe, serving approximately 55,000 customers. Its main operations include less-than-truckload (LTL) shipping in North America and a range of freight services in Europe such as dedicated truckload, LTL, brokerage, warehousing, and last mile delivery. The company uses proprietary technology and artificial intelligence to optimize freight movement and improve operational efficiency.

Snapshot

Revenue
$8.16B
Revenue growth (YoY)
1.1%
Net income
$316.0M
Diluted EPS
$2.64
Gross margin
Operating margin
8.0%
Net margin
3.9%
FCF margin
4.0%
ROE
17.0%
net income / fiscal-year-end equity
P/E
54.6×
trailing when available, otherwise FY EPS
Market cap
$21.67B
Long-term debt / equity
1.75×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at XPO

  • Revenue grew 1.1% to $8.2B in FY2025, slower than the 4.2% the year before.
  • Operating margin is 8.0% in FY2025, +3.7 pp against 4.3% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $2.4B, up 13.2% from Q2 FY2025.
  • Free cash flow was $329M in FY2025, 4.0% of revenue.
  • Net income fell 18.3% to $316M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where XPO’s fundamentals sit among the 684 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin8.0%
60th percentile of 605
Net margin3.9%
52nd percentile of 645
FCF margin4.0%
47th percentile of 562
Revenue growth (YoY)+1.1%
38th percentile of 668
ROE17.0%
77th percentile of 600
P/E54.6×
89th percentile of 434
Long-term debt / equity1.75×
89th percentile of 409
Short interest7.26d
90th percentile of 676

XPO’s P/E of 54.6 ranks in the 89th percentile of the 434 peers with a meaningful P/E. XPO’s long-term debt to equity of 1.75 ranks in the 89th percentile of the 409 Industrials companies reporting it.

No reported insider purchases (code P) in the last 90 days; 3 insider sales totaling $1.0M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 5 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
5
+6 quant / multi-strat
Initiated / added
5
1 new, 4 added
Reduced / exited
5
5 trimmed, 0 exited
Combined position
$547.3M
reported long value
InvestorAs ofPosition valueSharesChange
Citadel AdvisorsquantQ2 2026$228.5M1.1MReduced
Two Sigma InvestmentsquantQ2 2026$175.8M856.2KAdded
Millennium ManagementquantQ2 2026$60.9M296.9KReduced
Renaissance TechnologiesquantQ2 2026$47.0M229.1KAdded
AQR Capital ManagementquantQ2 2026$14.3M70.7KAdded
Gotham Asset ManagementQ2 2026$12.4M60.3KReduced
Bridgewater AssociatesQ2 2026$5.4M26.2KAdded
Southeastern Asset ManagementQ2 2026$1.3M6.3KHeld
Polen Capital ManagementQ2 2026$697,1653.4KNew
First Eagle Investment ManagementQ2 2026$673,5573.3KReduced
D. E. ShawquantQ2 2026$383,4821.9KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
3
$1.0M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-11
filed 2026-08-12
Brown Christopher MichaelChief Accounting OfficerSell2.5K$203.00$508K
2026-08-11
filed 2026-08-12
Brown Christopher MichaelChief Accounting OfficerSell1.3K$199.81$250K
2026-08-10
filed 2026-08-12
Brown Christopher MichaelChief Accounting OfficerSell1.3K$201.41$252K
2026-05-28
filed 2026-05-29
Landry AllisonDirectorSell2.4K$215.61$517K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
6.0M
settled 2026-08-14
Change vs prior
-4.5%
vs previous settlement
Days to cover
7.26
at avg daily volume
Avg daily volume
829.1K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-146.0M-4.5%7.26
2026-07-316.3M+9.8%5.41
2026-07-155.7M-7.3%6.86
2026-06-306.2M-5.7%3.40
2026-06-156.6M-10.3%4.51
2026-05-297.3M+1.5%3.43
2026-05-157.2M+15.9%4.75
2026-04-306.2M-0.7%5.04

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$8.16B$8.07B$7.74B$7.72B$7.20B
Gross profit
Operating income$656.0M$660.0M$438.0M$377.0M$312.0M
Net income$316.0M$387.0M$189.0M$666.0M$336.0M
Diluted EPS$2.64$3.23$1.60$5.76$2.93

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$310.0M$246.0M$412.0M$460.0M$228.0M
Current assets$1.63B$1.50B$1.59B$1.63B$2.69B
Total assets$8.19B$7.71B$7.49B$6.27B$8.72B
Current liabilities$1.55B$1.42B$1.59B$1.51B$2.55B
Long-term debt$3.25B$3.33B$3.33B$2.47B$3.51B
Total liabilities$6.33B$6.11B$6.23B$5.26B$7.58B
Total equity$1.86B$1.60B$1.27B$1.01B$1.14B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$986.0M$808.0M$694.0M$824.0M$490.0M
Capital expenditure$657.0M$789.0M$1.53B$521.0M$269.0M
Free cash flow$329.0M$19.0M$-839.0M$303.0M$221.0M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$2.35B13.2%$162.0M$1.36
Q1 FY2026$2.10B7.3%$101.0M$0.85
Q4 FY2025$2.01B4.6%$59.0M$0.51
Q3 FY2025$2.11B2.8%$82.0M$0.68
Q2 FY2025$2.08B0.0%$106.0M$0.89
Q1 FY2025$1.95B-3.2%$69.0M$0.58
Q4 FY2024$1.92B-0.9%$75.0M$0.63
Q3 FY2024$2.05B3.7%$95.0M$0.79

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorIndustrials
SIC industryTransportation Services
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2013
SEC CIK1166003

Selected SEC filings

10-K2026-02-05
View on EDGAR →
10-K2025-02-07
View on EDGAR →
10-Q2026-07-30
View on EDGAR →
10-Q2026-04-30
View on EDGAR →
10-Q2025-10-30
View on EDGAR →
10-Q2025-07-31
View on EDGAR →
8-K2026-07-30
View on EDGAR →
8-K2026-07-30
View on EDGAR →

Largest Industrials peers

All Industrials companies →

Monitor XPO

Get an alert when XPO files something material, see which superinvestors own it, and ask its filings a question with cited answers.

Monitor XPO free

Includes one free filing-grounded research answer. Or check your whole portfolio, no account needed.

Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.