XPO Financials Xpo, Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 45 d ago Overview →

Growth & profitability

Revenue has grown 5.7% per year over the past 5 years.
Net income has grown faster than revenue (23.5% vs 5.7% per year).
Operating margin has expanded, at 8.0% in the latest year.
Free cash flow has grown 47.6% per year over the past 5 years.

Financial health

Total debt ($3.3B) exceeds cash ($310M); net debt is $2.9B.
Total debt has grown slower than revenue (-9.1% vs 5.7% per year).
Operating income covered interest expense 3.0× in the latest year.
Total debt is 2.9× EBITDA.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$8.2B	$316M	0.0%	8.0%	17.0%	3.9%	$329M	$3.3B	$310M
2024	$8.1B	$387M	0.0%	8.2%	24.2%	5.0%	$19M	$3.3B	$246M
2023	$7.7B	$189M	0.0%	5.7%	14.9%	2.5%	-$839M	$3.3B	$412M
2022	$7.7B	$666M	0.0%	4.9%	65.8%	10.6%	$303M	$2.5B	$460M
2021	$7.2B	$336M	0.0%	4.3%	29.5%	3.9%	$221M	$3.5B	$228M
2020	$6.2B	$110M	-27.3%	1.6%	3.9%	0.7%	$47M	$5.2B	$1.7B
2019	$10.7B	$419M	22.3%	5.3%	15.3%	3.0%	—	$5.2B	$377M
2018	$17.3B	$422M	47.8%	4.1%	11.8%	3.4%	—	$3.9B	$502M
2017	$15.4B	$340M	47.1%	3.8%	9.4%	2.7%	—	$4.7B	$397M
2016	$14.6B	$69M	46.0%	3.2%	2.6%	0.6%	—	$5.0B	$373M
2015	—	-$191M	—	—	-7.0%	-1.5%	—	$5.6B	$290M
2014	—	-$64M	—	—	-3.8%	-2.3%	—	$609M	$644M
2013	—	-$49M	—	—	-10.6%	-6.2%	—	$211M	$22M
2012	—	-$20M	—	—	-8.3%	-4.9%	—	$145M	$252M
2011	—	$759000	—	—	0.7%	0.6%	—	—	$74M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$2.4B	$162M	0.0%	11.5%	8.3%	1.9%	$181M	$3.0B	$298M
Mar '26	$2.1B	$101M	0.0%	8.3%	5.5%	1.2%	$72M	$3.2B	$237M
Dec '25	$2.0B	$59M	0.0%	7.1%	3.2%	0.7%	—	$3.3B	$310M
Sep '25	$2.1B	$82M	0.0%	7.8%	4.5%	1.0%	$215M	$3.2B	$335M
Jun '25	$2.1B	$106M	0.0%	9.5%	6.0%	1.3%	$51M	$3.3B	$225M
Mar '25	$2.0B	$69M	0.0%	7.7%	4.2%	0.9%	-$57M	$3.3B	$212M
Dec '24	$1.9B	$75M	0.0%	7.8%	4.7%	1.0%	—	$3.3B	$246M
Sep '24	$2.1B	$95M	0.0%	8.6%	5.8%	1.2%	$137M	$3.3B	$378M
Jun '24	$2.1B	$150M	0.0%	9.5%	10.0%	1.9%	$20M	$3.3B	$250M
Mar '24	$2.0B	$67M	0.0%	6.8%	5.0%	0.9%	-$161M	$3.3B	$229M
Dec '23	$1.9B	$58M	0.0%	6.1%	4.6%	0.8%	—	$3.3B	$412M
Sep '23	$2.0B	$84M	0.0%	7.8%	7.0%	1.3%	—	$2.4B	$355M
Jun '23	$1.9B	$33M	0.0%	5.6%	2.9%	0.5%	—	$2.5B	$290M
Mar '23	$1.9B	$14M	0.0%	3.0%	1.3%	0.2%	—	$2.5B	$309M
Dec '22	$1.8B	-$94M	0.0%	0.2%	-9.3%	-1.5%	—	$2.5B	$460M
Sep '22	$1.9B	$131M	0.0%	7.1%	7.3%	1.5%	—	$2.8B	$544M
Jun '22	$2.0B	$141M	0.0%	8.4%	8.3%	1.6%	—	$2.9B	$436M
Mar '22	$1.9B	$488M	0.0%	3.3%	30.5%	5.2%	$77M	$2.9B	$1.0B
Dec '21	$1.8B	$122M	0.0%	3.7%	10.7%	1.4%	$41M	$3.5B	$228M
Sep '21	$1.8B	-$57M	-26.0%	3.6%	-5.6%	-0.7%	-$58M	$3.5B	$254M

Valuation over time

How the market has priced XPO against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 5.6× (Mar '23) to 68.5× (Sep '26).
The price-to-sales ratio has risen from 0.5× (Mar '23) to 2.7× (Sep '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Frequently asked questions

Is XPO growing its revenue and profit?

Over the past 5 years, Xpo, Inc.'s revenue has grown 5.7% per year, and net income grown 23.5% per year. These are computed facts, not advice.

How much debt does XPO have?

As of FY2025, Xpo, Inc. reported $3.3B of total debt against $310M of cash; operating income covered interest expense 3.0×.

What is XPO's profit margin?

In FY2025, gross margin was —, operating margin 8.0%, and net margin 3.9%.

What is XPO's P/E ratio?

As of Sep '26, Xpo, Inc. traded at a price-to-earnings ratio of about 68.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.