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XPO

XPO Logistics, Inc.

XPO

XPO Logistics, Inc. • NYSE
$142.06 ▲ 0.23% (+0.33)
Market Cap $16.69 B
52w High $161.00
52w Low $85.06
Dividend Yield 0%
P/E 51.1
Volume 433.88K
Outstanding Shares 117.50M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $2.111B ▲ $64M ▼ $82M ▼ 3.884% ▼ $0.69 ▼ $300M ▼
Q2-2025 $2.08B ▲ $70M ▲ $106M ▲ 5.096% ▲ $0.9 ▲ $330M ▲
Q1-2025 $1.954B ▲ $56M ▲ $69M ▼ 3.531% ▼ $0.59 ▼ $270M ▼
Q4-2024 $1.922B ▼ $38M ▼ $75M ▼ 3.902% ▼ $0.65 ▼ $279M ▼
Q3-2024 $2.053B $70M $95M 4.627% $0.82 $317M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $335M ▲ $8.189B ▲ $6.371B ▲ $1.817B ▲
Q2-2025 $225M ▲ $8.133B ▲ $6.352B ▲ $1.781B ▲
Q1-2025 $212M ▼ $7.879B ▲ $6.239B ▲ $1.64B ▲
Q4-2024 $246M ▼ $7.712B ▼ $6.111B ▼ $1.6B ▼
Q3-2024 $381M $7.923B $6.282B $1.641B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $82M ▼ $371M ▲ $-150M ▲ $-111M ▼ $110M ▲ $215M ▲
Q2-2025 $106M ▲ $247M ▲ $-191M $-44M ▼ $13M ▲ $51M ▲
Q1-2025 $69M ▼ $139M ▼ $-191M ▼ $-27M ▲ $-34M ▲ $-60M ▼
Q4-2024 $75M ▼ $189M ▼ $-104M ▲ $-167M ▼ $-87M ▼ $23M ▼
Q3-2024 $95M $264M $-115M $-24M $128M $137M

Revenue by Products

Product Q2-2022Q3-2022Q4-2022Q1-2023
Contract Logistics
Contract Logistics
 $0 ▲$0 ▲$0 ▲$790.00M ▲
Transportation
Transportation
 $1.27Bn ▲$1.25Bn ▼$1.01Bn ▼$0 ▼
Brokerage And Other Services
Brokerage And Other Services
 $760.00M ▲$690.00M ▼$0 ▼$0 ▲
Last Mile
Last Mile
 $270.00M ▲$260.00M ▼$0 ▼$0 ▲
Other Brokerage
Other Brokerage
 $200.00M ▲$190.00M ▼$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has climbed steadily over the past five years, showing that XPO is growing its business even through a choppy freight environment. Profitability has improved meaningfully at the operating level, with margins widening as the network and technology investments scale. Earnings at the bottom line have been more volatile, with one standout year followed by a dip and then a recovery, suggesting some impact from one‑off items and a cyclical end market. Overall, the direction of core profit metrics looks positive, but the pattern of net income reminds us that results can swing with the economy and strategic moves like spin‑offs or restructuring.

Balance Sheet

Balance Sheet The balance sheet has been reshaped, with total assets and equity shrinking earlier in the period and then gradually rebuilding, likely reflecting spin‑offs and portfolio simplification. Debt is lower than it was several years ago but still represents a meaningful claim on the business, so leverage remains an important watch‑point. Cash on hand is modest rather than abundant, which means XPO depends on steady cash generation and access to funding rather than a large cash cushion. The trend, however, points toward a cleaner, more focused balance sheet with slowly improving equity support.

Cash Flow

Cash Flow XPO consistently generates solid cash flow from its operations, indicating that the underlying freight and logistics activities are cash‑productive. Free cash flow has been pressured at times because the company has stepped up its investment in terminals, equipment, and technology, particularly in the middle of the period. More recently, free cash flow has moved back toward break‑even or slightly positive territory as spending normalizes and earnings improve. The overall picture is of a business funding heavy reinvestment largely from internal cash, but with narrower room for error during peak investment years.

Competitive Edge

Competitive Edge XPO holds a strong position in North American less‑than‑truckload shipping, with a dense network of terminals that would be expensive and time‑consuming for new entrants to replicate. Its proprietary digital platforms, real‑time visibility tools, and piece‑level tracking help differentiate service quality in an industry that can otherwise look commoditized. Specialized offerings—such as high‑touch last‑mile services for bulky goods and time‑critical European solutions—further separate XPO from more generic carriers. The main competitive risks are intense price and service competition from other large LTL carriers, exposure to freight cycles, and the need to continuously deliver high service levels as volumes grow.

Innovation and R&D

Innovation and R&D XPO has leaned heavily into technology, building its own digital freight marketplace, mobile app for carriers, and AI‑driven tools for pricing, routing, and load optimization. In its operations, the company uses automation and robotics in warehouses and is rolling out advanced features like piece‑level tracking and directed loading in its LTL network. These investments aim to cut costs, boost asset utilization, and improve customer experience, creating network effects as more shippers and carriers use the platforms. Looking ahead, the key questions are whether XPO can keep scaling these tools across its network and convert them into sustained margin gains and customer stickiness.

Summary

XPO today looks like a more focused, technology‑driven freight company than it was several years ago, with steadily rising revenue and stronger operating profitability. The balance sheet still carries notable leverage, but it has improved from past levels, while operational cash generation has funded a heavy round of investment in the network and technology. Its competitive edge rests on the combination of a sizable LTL footprint and proprietary digital tools that enhance visibility, efficiency, and service. The main uncertainties center on freight demand cycles, execution of the growth and margin expansion plan, and the pay‑off from continued tech and capacity investments. Overall, the trajectory points toward a higher‑quality, more data‑driven logistics business, but one that still faces the usual cyclical and capital‑intensity risks of the transportation sector.

NEWS

November 11, 2025 · 6:45 AM UTC

XPO Recognized as a Top Military Friendly® Employer for 2026

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October 30, 2025 · 6:45 AM UTC

XPO Reports Third Quarter 2025 Results

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September 24, 2025 · 3:00 PM UTC

XPO Named a 2026 FreightTech 100 Company by FreightWaves

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September 17, 2025 · 4:05 PM UTC

XPO Schedules Third Quarter 2025 Earnings Conference Call for Thursday, October 30, 2025

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September 3, 2025 · 4:05 PM UTC

XPO Provides North American LTL Operating Data for August 2025

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