GXO Logistics (GXO) Financials

$47.17 -1.01 (-2.10%)

As of 12:01 PM Eastern

Annual Income Statements for GXO Logistics

This table shows GXO Logistics' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	60	-31	153	197	229	134	32
Consolidated Net Income / (Loss)	81	-22	161	200	233	138	36
Net Income / (Loss) Continuing Operations	81	-22	161	200	233	138	36
Total Pre-Tax Income	118	-6.00	153	264	266	146	104
Total Operating Income	150	16	151	242	318	218	245
Total Gross Profit	6,094	6,195	7,940	8,993	9,778	11,709	13,178
Total Revenue	6,094	6,195	7,940	8,993	9,778	11,709	13,178
Operating Revenue	6,094	6,195	7,940	8,993	9,778	11,709	13,178
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	5,944	6,179	7,789	8,751	9,453	11,489	12,899
Selling, General & Admin Expense	514	611	714	886	998	1,061	1,106
Depreciation Expense	302	323	335	329	361	415	457
Other Operating Expenses / (Income)	5,112	5,169	6,637	7,443	8,035	9,912	11,255
Restructuring Charge	16	76	103	93	59	101	81
Total Other Income / (Expense), net	-32	-22	2.00	22	-59	-72	-175
Interest Expense	33	24	21	29	53	103	133
Other Income / (Expense), net	1.00	2.00	23	51	-6.00	31	-42
Income Tax Expense	37	16	-8.00	64	33	8.00	68
Net Income / (Loss) Attributable to Noncontrolling Interest	21	9.00	8.00	3.00	4.00	4.00	4.00
Basic Earnings per Share	$0.52	($0.27)	$1.33	$1.68	$1.93	$1.12	$0.28
Weighted Average Basic Shares Outstanding	114.63M	114.63M	114.63M	117.05M	118.91M	119.41M	115.68M
Diluted Earnings per Share	$0.52	($0.27)	$1.32	$1.67	$1.92	$1.12	$0.28
Weighted Average Diluted Shares Outstanding	114.63M	114.63M	115.60M	117.62M	119.49M	119.80M	116.30M
Weighted Average Basic & Diluted Shares Outstanding	-	-	114.72M	118.78M	119.26M	119.52M	114.71M

This table shows GXO Logistics' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	66	73	-37	38	33	100	-96	26	59	43	4.00
Consolidated Net Income / (Loss)	68	73	-36	39	35	100	-95	28	60	43	5.00
Net Income / (Loss) Continuing Operations	68	73	-36	39	35	100	-95	28	60	43	5.00
Total Pre-Tax Income	83	68	-46	53	42	97	-93	43	88	66	17
Total Operating Income	90	87	-39	75	81	101	-56	89	118	94	39
Total Gross Profit	2,471	2,590	2,456	2,846	3,157	3,250	2,977	3,299	3,395	3,507	3,298
Total Revenue	2,471	2,590	2,456	2,846	3,157	3,250	2,977	3,299	3,395	3,507	3,298
Operating Revenue	2,471	2,590	2,456	2,846	3,157	3,250	2,977	3,299	3,395	3,507	3,298
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Operating Expenses	2,381	2,503	2,495	2,771	3,076	3,149	3,033	3,210	3,277	3,379	3,238
Selling, General & Admin Expense	258	237	249	270	265	277	261	272	285	288	296
Depreciation Expense	101	93	92	99	111	113	109	110	118	120	115
Other Operating Expenses / (Income)	2,012	2,160	2,056	2,386	2,670	2,737	2,624	2,812	2,857	3,028	2,808
Restructuring Charge	10	13	35	16	30	22	39	16	17	9.00	19
Total Other Income / (Expense), net	-7.00	-19	-7.00	-22	-39	-4.00	-37	-46	-30	-62	-43
Interest Expense	14	12	13	23	33	34	32	36	35	30	32
Other Income / (Expense), net	7.00	-7.00	6.00	1.00	-6.00	30	-5.00	-10	5.00	-32	-11
Income Tax Expense	15	-5.00	-10	14	7.00	-3.00	2.00	15	28	23	12
Net Income / (Loss) Attributable to Noncontrolling Interest	2.00	-	1.00	1.00	2.00	-	1.00	2.00	1.00	-	1.00
Basic Earnings per Share	$0.55	$0.62	($0.31)	$0.32	$0.28	$0.83	($0.81)	$0.23	$0.52	$0.34	$0.03
Weighted Average Basic Shares Outstanding	118.94M	118.91M	119.27M	119.43M	119.46M	119.41M	118.99M	114.81M	114.47M	115.68M	114.71M
Diluted Earnings per Share	$0.55	$0.62	($0.31)	$0.32	$0.28	$0.83	($0.81)	$0.23	$0.51	$0.35	$0.03
Weighted Average Diluted Shares Outstanding	119.65M	119.49M	119.27M	119.68M	119.79M	119.80M	118.99M	115.06M	115.33M	116.30M	115.84M
Weighted Average Basic & Diluted Shares Outstanding	118.95M	119.26M	119.43M	119.47M	119.48M	119.52M	114.42M	114.47M	114.49M	114.71M	115.05M

This table details how cash moves in and out of GXO Logistics' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-101	128	5.00	162	-25	15	372
Net Cash From Operating Activities	145	333	455	542	558	549	434
Net Cash From Continuing Operating Activities	145	333	455	542	558	549	434
Net Income / (Loss) Continuing Operations	81	-22	161	200	233	138	36
Consolidated Net Income / (Loss)	81	-22	161	200	233	138	36
Depreciation Expense	302	323	335	329	361	415	457
Non-Cash Adjustments To Reconcile Net Income	40	25	4.00	16	58	40	53
Changes in Operating Assets and Liabilities, net	-278	7.00	-45	-3.00	-94	-44	-112
Net Cash From Investing Activities	-147	-280	-207	-1,149	-410	-1,157	-196
Net Cash From Continuing Investing Activities	-147	-280	-207	-1,149	-410	-1,157	-196
Purchase of Property, Plant & Equipment	-222	-222	-250	-342	-274	-359	-324
Acquisitions	0.00	-30	32	-876	-149	-863	0.00
Purchase of Investments	-	-	0.00	21	-3.00	4.00	-24
Sale of Property, Plant & Equipment	15	12	11	40	18	61	149
Other Investing Activities, net	60	-40	0.00	8.00	-2.00	0.00	3.00
Net Cash From Financing Activities	-102	67	-241	787	-186	636	111
Net Cash From Continuing Financing Activities	-102	67	-241	787	-186	636	111
Repayment of Debt	-122	-80	-132	-114	-156	-330	-232
Repurchase of Common Equity	-	-	-	-	0.00	0.00	-200
Issuance of Debt	0.00	0.00	794	917	-18	974	552
Other Financing Activities, net	278	168	-775	-16	-12	-8.00	-9.00
Effect of Exchange Rate Changes	3.00	8.00	-2.00	-18	13	-13	23
Cash Interest Paid	29	32	22	34	57	97	128
Cash Income Taxes Paid	40	27	75	111	84	43	59

This table details how cash moves in and out of GXO Logistics' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	169	-4.00	-45	46	98	-84	-103	-175	137	513	-60
Net Cash From Operating Activities	243	215	50	115	198	186	29	3.00	232	170	31
Net Cash From Continuing Operating Activities	243	215	50	115	198	186	29	3.00	232	170	31
Net Income / (Loss) Continuing Operations	68	73	-36	39	35	100	-95	28	60	43	5.00
Consolidated Net Income / (Loss)	68	73	-36	39	35	100	-95	28	60	43	5.00
Depreciation Expense	101	93	92	99	111	113	109	110	118	120	115
Non-Cash Adjustments To Reconcile Net Income	13	17	22	7.00	-25	-2.00	7.00	13	15	8.00	12
Changes in Operating Assets and Liabilities, net	61	32	-28	-30	77	-25	8.00	-148	39	-1.00	-101
Net Cash From Investing Activities	-52	-218	-82	-932	-93	-50	-77	-46	-46	-27	-62
Net Cash From Continuing Investing Activities	-52	-218	-82	-932	-93	-50	-77	-46	-46	-27	-62
Purchase of Property, Plant & Equipment	-55	-69	-73	-88	-94	-104	-78	-47	-144	-55	-65
Sale of Property, Plant & Equipment	3.00	5.00	6.00	4.00	6.00	45	1.00	1.00	99	48	3.00
Net Cash From Financing Activities	-15	-16	-8.00	865	-28	-193	-66	-161	-39	377	-26
Net Cash From Continuing Financing Activities	-15	-16	-8.00	865	-28	-193	-66	-161	-39	377	-26
Repayment of Debt	-14	-11	-4.00	-217	-27	-198	-10	-82	-4.00	-136	-18
Repurchase of Common Equity	-	-	0.00	-	-	-	-106	-94	-	-	0.00
Issuance of Debt	-	-	0.00	-	-	5.00	56	-48	30	514	0.00
Other Financing Activities, net	-1.00	-5.00	-4.00	-3.00	-1.00	-	-6.00	63	-65	-1.00	-8.00
Effect of Exchange Rate Changes	-7.00	15	-5.00	-2.00	21	-27	11	29	-10	-7.00	-3.00

This table presents GXO Logistics' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	6,548	7,271	9,219	9,507	11,266	12,262
Total Current Assets	1,836	2,099	2,428	2,568	2,641	3,288
Cash & Equivalents	328	333	495	468	413	854
Accounts Receivable	1,224	1,507	1,647	1,753	1,799	2,028
Other Current Assets	284	259	286	347	429	406
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	4,712	5,172	6,791	6,939	8,625	8,974
Goodwill	2,063	2,017	2,728	2,891	3,549	3,781
Intangible Assets	299	257	570	567	986	909
Other Noncurrent Operating Assets	2,350	2,898	3,493	3,481	4,090	4,284
Total Liabilities & Shareholders' Equity	6,548	7,271	9,219	9,507	11,266	12,262
Total Liabilities	3,600	4,881	6,541	6,561	8,231	9,247
Total Current Liabilities	1,738	2,329	2,532	2,626	3,189	3,875
Short-Term Debt	58	34	67	27	110	446
Accounts Payable	415	624	717	709	776	758
Accrued Expenses	784	998	995	966	1,271	1,492
Other Current Liabilities	481	673	753	924	1,032	1,179
Total Noncurrent Liabilities	1,862	2,552	4,009	3,935	5,042	5,372
Long-Term Debt	615	927	1,739	1,620	2,521	2,619
Other Noncurrent Operating Liabilities	1,247	1,625	2,270	2,315	2,521	2,753
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,948	2,390	2,678	2,946	3,035	3,015
Total Preferred & Common Equity	2,823	2,351	2,645	2,912	3,003	2,983
Preferred Stock	-	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,823	2,351	2,645	2,912	3,003	2,983
Common Stock	-	2,355	2,576	2,599	2,630	2,668
Retained Earnings	-	126	323	552	686	718
Treasury Stock	-	-	-	-	0.00	-202
Accumulated Other Comprehensive Income / (Loss)	58	-130	-254	-239	-313	-201
Noncontrolling Interest	125	39	33	34	32	32

This table presents GXO Logistics' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	8,806	9,090	9,126	9,091	9,380	11,360	11,900	11,322	11,926	11,907	12,194
Total Current Assets	2,242	2,311	2,306	2,466	2,463	2,797	2,959	2,629	2,589	2,806	3,211
Cash & Equivalents	434	426	305	473	423	469	548	288	205	339	794
Accounts Receivable	1,507	1,605	1,719	1,661	1,665	1,909	1,968	1,895	1,950	2,015	2,020
Other Current Assets	301	280	282	332	375	419	443	446	434	452	397
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	6,564	6,779	6,820	6,625	6,917	8,563	8,941	8,693	9,337	9,101	8,983
Goodwill	2,603	2,765	2,802	2,734	2,870	3,664	3,676	3,623	3,827	3,779	3,730
Intangible Assets	576	555	544	507	542	942	1,061	977	1,008	959	865
Other Noncurrent Operating Assets	3,385	3,459	3,474	3,384	3,505	3,957	4,204	4,093	4,502	4,363	4,388
Total Liabilities & Shareholders' Equity	8,806	9,090	9,126	9,091	9,380	11,360	11,900	11,322	11,926	11,907	12,194
Total Liabilities	6,207	6,371	6,315	6,274	6,477	8,427	8,759	8,418	8,951	8,919	9,191
Total Current Liabilities	2,275	2,421	2,403	2,434	2,625	3,269	3,432	3,370	3,410	3,934	3,775
Short-Term Debt	94	84	35	26	126	219	223	175	90	522	463
Accounts Payable	568	652	566	597	615	690	748	720	691	716	713
Accrued Expenses	952	908	950	975	976	1,286	1,411	1,398	1,381	1,523	1,437
Other Current Liabilities	661	777	852	836	908	1,074	1,050	1,077	1,248	1,173	1,162
Total Noncurrent Liabilities	3,932	3,950	3,912	3,840	3,852	5,158	5,327	5,048	5,541	4,985	5,416
Long-Term Debt	1,789	1,697	1,625	1,621	1,511	2,551	2,556	2,545	2,596	2,176	2,646
Other Noncurrent Operating Liabilities	2,143	2,253	2,287	2,219	2,341	2,607	2,771	2,503	2,945	2,809	2,770
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,599	2,719	2,811	2,817	2,903	2,933	3,141	2,904	2,975	2,988	3,003
Total Preferred & Common Equity	2,569	2,685	2,778	2,784	2,869	2,901	3,106	2,870	2,940	2,955	2,968
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,569	2,685	2,778	2,784	2,869	2,901	3,106	2,870	2,940	2,955	2,968
Common Stock	2,570	2,581	2,588	2,594	2,603	2,611	2,621	2,636	2,646	2,656	2,670
Retained Earnings	277	348	413	479	515	553	586	590	616	675	722
Treasury Stock	-	-	-	-	-	-	-	-111	-202	-202	-202
Accumulated Other Comprehensive Income / (Loss)	-278	-244	-223	-289	-249	-263	-101	-245	-120	-174	-222
Noncontrolling Interest	30	34	33	33	34	32	35	34	35	33	35

This table displays calculated financial ratios and metrics derived from GXO Logistics' official financial filings.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	1.66%	28.17%	13.26%	8.73%	19.75%	12.55%
EBITDA Growth	0.00%	-24.72%	49.27%	22.20%	9.32%	-2.35%	-0.60%
EBIT Growth	0.00%	-88.08%	866.67%	68.39%	8.87%	-21.94%	-18.47%
NOPAT Growth	0.00%	-89.12%	1,318.71%	15.38%	51.94%	-26.03%	-58.84%
Net Income Growth	0.00%	-127.16%	831.82%	24.22%	16.50%	-40.77%	-73.91%
EPS Growth	0.00%	-151.92%	588.89%	26.52%	14.97%	-41.67%	-75.00%
Operating Cash Flow Growth	0.00%	129.66%	36.64%	19.12%	2.95%	-1.61%	-20.95%
Free Cash Flow Firm Growth	0.00%	0.00%	113.22%	-281.53%	118.10%	-746.76%	112.13%
Invested Capital Growth	0.00%	0.00%	-8.35%	32.17%	3.41%	27.35%	-0.51%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	2.33%	1.27%	5.97%	1.99%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.81%	2.56%	11.97%	-8.59%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-2.01%	3.57%	25.76%	-25.37%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	3.44%	13.94%	6.47%	-51.15%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-5.21%	13.11%	24.32%	-61.29%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-5.65%	14.29%	23.08%	-63.16%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	90.38%	4.23%	-1.93%	-5.02%	-3.56%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-52.72%	22.36%	-43.70%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-1.46%	3.36%	-2.22%	-2.26%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	7.43%	5.50%	6.41%	6.92%	6.95%	5.67%	5.01%
Operating Margin	2.46%	0.26%	1.90%	2.69%	3.25%	1.86%	1.86%
EBIT Margin	2.48%	0.29%	2.19%	3.26%	3.26%	2.13%	1.54%
Profit (Net Income) Margin	1.33%	-0.36%	2.03%	2.22%	2.38%	1.18%	0.27%
Tax Burden Percent	68.64%	366.67%	105.23%	75.76%	87.59%	94.52%	34.62%
Interest Burden Percent	78.15%	-33.33%	87.93%	90.10%	83.39%	58.63%	51.23%
Effective Tax Rate	31.36%	0.00%	-5.23%	24.24%	12.41%	5.48%	65.38%
Return on Invested Capital (ROIC)	0.00%	0.68%	5.04%	5.23%	6.87%	4.39%	1.62%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-18.57%	5.47%	6.95%	3.21%	0.39%	-0.59%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-2.17%	1.00%	2.66%	1.42%	0.22%	-0.43%
Return on Equity (ROE)	0.00%	-1.49%	6.03%	7.89%	8.29%	4.61%	1.19%
Cash Return on Invested Capital (CROIC)	0.00%	-199.32%	13.75%	-22.48%	3.51%	-19.66%	2.13%
Operating Return on Assets (OROA)	0.00%	0.27%	2.52%	3.55%	3.41%	2.40%	1.73%
Return on Assets (ROA)	0.00%	-0.34%	2.33%	2.43%	2.49%	1.33%	0.31%
Return on Common Equity (ROCE)	0.00%	-1.43%	5.85%	7.78%	8.19%	4.56%	1.18%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-0.78%	6.85%	7.56%	8.00%	4.60%	0.00%
Net Operating Profit after Tax (NOPAT)	103	11	159	183	279	206	85
NOPAT Margin	1.69%	0.18%	2.00%	2.04%	2.85%	1.76%	0.64%
Net Nonoperating Expense Percent (NNEP)	0.00%	19.25%	-0.43%	-1.72%	3.66%	4.01%	2.20%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	4.09%	6.06%	3.64%	1.39%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	8.43%	9.86%	8.99%	9.85%	10.21%	9.06%	8.39%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	97.54%	99.74%	98.10%	97.31%	96.75%	98.14%	97.88%
Earnings before Interest and Taxes (EBIT)	151	18	174	293	319	249	203
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	453	341	509	622	680	664	660
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	4.43	1.91	2.50	1.73	2.02
Price to Tangible Book Value (P/TBV)	0.00	0.00	135.23	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.00	1.31	0.56	0.74	0.44	0.46
Price to Earnings (P/E)	0.00	0.00	68.06	25.71	31.77	38.79	188.34
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	1.47%	3.89%	3.15%	2.58%	0.53%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	3.67	1.61	2.06	1.42	1.58
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	1.40	0.71	0.87	0.64	0.63
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	21.77	10.30	12.48	11.22	12.53
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	63.68	21.87	26.61	29.91	40.74
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	69.73	34.96	30.47	36.14	97.51
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	24.35	11.82	15.21	13.57	19.05
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	25.54	0.00	59.55	0.00	73.96
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.00	0.23	0.40	0.67	0.56	0.87	1.02
Long-Term Debt to Equity	0.00	0.21	0.39	0.65	0.55	0.83	0.87
Financial Leverage	0.00	0.12	0.18	0.38	0.44	0.57	0.73
Leverage Ratio	0.00	2.22	2.59	3.25	3.33	3.47	3.89
Compound Leverage Factor	0.00	-0.74	2.28	2.93	2.78	2.04	1.99
Debt to Total Capital	0.00%	18.59%	28.68%	40.28%	35.86%	46.43%	50.41%
Short-Term Debt to Total Capital	0.00%	1.60%	1.01%	1.49%	0.59%	1.94%	7.34%
Long-Term Debt to Total Capital	0.00%	16.98%	27.66%	38.78%	35.27%	44.49%	43.08%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	3.45%	1.16%	0.74%	0.74%	0.56%	0.53%
Common Equity to Total Capital	0.00%	77.96%	70.16%	58.99%	63.40%	53.00%	49.06%
Debt to EBITDA	0.00	1.97	1.89	2.90	2.42	3.96	4.64
Net Debt to EBITDA	0.00	1.01	1.23	2.11	1.73	3.34	3.35
Long-Term Debt to EBITDA	0.00	1.80	1.82	2.80	2.38	3.80	3.97
Debt to NOPAT	0.00	60.09	6.05	9.85	5.91	12.77	36.14
Net Debt to NOPAT	0.00	30.80	3.95	7.15	4.23	10.76	26.07
Long-Term Debt to NOPAT	0.00	54.91	5.83	9.49	5.82	12.23	30.88
Altman Z-Score	0.00	0.00	2.44	1.58	1.88	1.52	1.54
Noncontrolling Interest Sharing Ratio	0.00%	4.24%	3.07%	1.42%	1.19%	1.10%	1.06%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	0.00	1.06	0.90	0.96	0.98	0.83	0.85
Quick Ratio	0.00	0.89	0.79	0.85	0.85	0.69	0.74
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-3,282	434	-788	143	-922	112
Operating Cash Flow to CapEx	70.05%	158.57%	190.38%	179.47%	217.97%	184.23%	248.00%
Free Cash Flow to Firm to Interest Expense	0.00	-136.74	20.66	-27.16	2.69	-8.95	0.84
Operating Cash Flow to Interest Expense	4.39	13.88	21.67	18.69	10.53	5.33	3.26
Operating Cash Flow Less CapEx to Interest Expense	-1.88	5.13	10.29	8.28	5.70	2.44	1.95
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.00	0.95	1.15	1.09	1.04	1.13	1.12
Accounts Receivable Turnover	0.00	5.06	5.81	5.70	5.75	6.59	6.89
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	72.12	62.77	64.01	63.46	55.36	53.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	72.12	62.77	64.01	63.46	55.36	53.00
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	0.00	3,293	3,018	3,989	4,125	5,253	5,226
Invested Capital Turnover	0.00	3.76	2.52	2.57	2.41	2.50	2.52
Increase / (Decrease) in Invested Capital	0.00	3,293	-275	971	136	1,128	-27
Enterprise Value (EV)	0.00	0.00	11,080	6,409	8,488	7,447	8,270
Market Capitalization	0.00	0.00	10,413	5,065	7,275	5,197	6,027
Book Value per Share	$0.00	$24.63	$20.51	$22.29	$24.48	$25.13	$26.05
Tangible Book Value per Share	$0.00	$4.02	$0.67	($5.50)	($4.59)	($12.82)	($14.91)
Total Capital	0.00	3,621	3,351	4,484	4,593	5,666	6,080
Total Debt	0.00	673	961	1,806	1,647	2,631	3,065
Total Long-Term Debt	0.00	615	927	1,739	1,620	2,521	2,619
Net Debt	0.00	345	628	1,311	1,179	2,218	2,211
Capital Expenditures (CapEx)	207	210	239	302	256	298	175
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-172	-529	-532	-499	-851	-995
Debt-free Net Working Capital (DFNWC)	0.00	156	-196	-37	-31	-438	-141
Net Working Capital (NWC)	0.00	98	-230	-104	-58	-548	-587
Net Nonoperating Expense (NNE)	22	33	-2.10	-17	46	68	49
Net Nonoperating Obligations (NNO)	0.00	345	628	1,311	1,179	2,218	2,211
Total Depreciation and Amortization (D&A)	302	323	335	329	361	415	457
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-2.78%	-6.66%	-5.92%	-5.10%	-7.27%	-7.55%
Debt-free Net Working Capital to Revenue	0.00%	2.52%	-2.47%	-0.41%	-0.32%	-3.74%	-1.07%
Net Working Capital to Revenue	0.00%	1.58%	-2.90%	-1.16%	-0.59%	-4.68%	-4.45%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$1.33	$1.68	$1.93	$1.12	$0.28
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	114.63M	117.05M	118.91M	119.41M	115.68M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$1.32	$1.67	$1.92	$1.12	$0.28
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	115.60M	117.62M	119.49M	119.80M	116.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	114.72M	118.78M	119.26M	119.52M	114.71M
Normalized Net Operating Profit after Tax (NOPAT)	114	64	178	254	336	359	228
Normalized NOPAT Margin	1.87%	1.04%	2.24%	2.82%	3.44%	3.07%	1.73%
Pre Tax Income Margin	1.94%	-0.10%	1.93%	2.94%	2.72%	1.25%	0.79%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	4.58	0.75	8.29	10.10	6.02	2.42	1.53
NOPAT to Interest Expense	3.12	0.47	7.57	6.32	5.26	2.00	0.64
EBIT Less CapEx to Interest Expense	-1.70	-8.00	-3.10	-0.31	1.19	-0.48	0.21
NOPAT Less CapEx to Interest Expense	-3.15	-8.28	-3.81	-4.09	0.43	-0.89	-0.68
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	318.52%	-95.45%	79.50%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	318.52%	-95.45%	79.50%	0.00%	0.00%	0.00%	555.56%

This table displays calculated financial ratios and metrics derived from GXO Logistics' official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	114,713,579.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	114,713,579.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.03
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.05%	4.99%	5.73%	18.88%	27.76%	25.48%	21.21%	15.92%	7.54%	7.91%	10.78%
EBITDA Growth	11.24%	10.90%	-52.80%	-4.89%	-6.06%	41.04%	-18.64%	8.00%	29.57%	-25.41%	197.92%
EBIT Growth	8.99%	15.94%	-178.57%	-24.00%	-22.68%	63.75%	-84.85%	3.95%	64.00%	-52.67%	145.90%
NOPAT Growth	32.81%	61.88%	-172.50%	-27.36%	-8.46%	11.49%	-43.59%	5.01%	19.19%	-41.18%	129.26%
Net Income Growth	6.25%	58.70%	-238.46%	-40.91%	-48.53%	36.99%	-163.89%	-28.21%	71.43%	-57.00%	105.26%
EPS Growth	3.77%	63.16%	-247.62%	-40.74%	-49.09%	33.87%	-161.29%	-28.13%	82.14%	-57.83%	103.70%
Operating Cash Flow Growth	109.48%	-4.87%	28.21%	88.52%	-18.52%	-13.49%	-42.00%	-97.39%	17.17%	-8.60%	6.90%
Free Cash Flow Firm Growth	113.67%	95.34%	93.20%	-3,514.18%	-1,104.70%	-2,303.30%	-1,689.76%	83.80%	108.03%	108.62%	102.34%
Invested Capital Growth	-1.41%	3.41%	1.06%	25.64%	34.60%	27.35%	29.61%	4.24%	-0.47%	-0.51%	-0.34%
Revenue Q/Q Growth	3.22%	4.82%	-5.17%	15.88%	10.93%	2.95%	-8.40%	10.82%	2.91%	3.30%	-5.96%
EBITDA Q/Q Growth	7.61%	-12.63%	-65.90%	196.61%	6.29%	31.18%	-80.33%	293.75%	27.51%	-24.48%	-21.43%
EBIT Q/Q Growth	-3.00%	-17.53%	-141.25%	330.30%	-1.32%	74.67%	-146.56%	229.51%	55.70%	-49.59%	-54.84%
NOPAT Q/Q Growth	-2.95%	26.67%	-129.23%	302.16%	22.31%	54.26%	-137.65%	247.84%	38.83%	-23.88%	-81.27%
Net Income Q/Q Growth	3.03%	7.35%	-149.32%	208.33%	-10.26%	185.71%	-195.00%	129.47%	114.29%	-28.33%	-88.37%
EPS Q/Q Growth	1.85%	12.73%	-150.00%	203.23%	-12.50%	196.43%	-197.59%	128.40%	121.74%	-31.37%	-91.43%
Operating Cash Flow Q/Q Growth	298.36%	-11.52%	-76.74%	130.00%	72.17%	-6.06%	-84.41%	-89.66%	7,633.33%	-26.72%	-81.76%
Free Cash Flow Firm Q/Q Growth	566.52%	-132.59%	-65.01%	-1,340.70%	-29.69%	22.05%	-22.89%	86.96%	164.28%	-16.32%	-66.60%
Invested Capital Q/Q Growth	-4.20%	3.36%	-0.19%	27.13%	2.64%	-2.22%	1.58%	2.25%	-2.00%	-2.26%	1.76%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	8.01%	6.68%	2.40%	6.15%	5.89%	7.51%	1.61%	5.73%	7.10%	5.19%	4.34%
Operating Margin	3.64%	3.36%	-1.59%	2.64%	2.57%	3.11%	-1.88%	2.70%	3.48%	2.68%	1.18%
EBIT Margin	3.93%	3.09%	-1.34%	2.67%	2.38%	4.03%	-2.05%	2.39%	3.62%	1.77%	0.85%
Profit (Net Income) Margin	2.75%	2.82%	-1.47%	1.37%	1.11%	3.08%	-3.19%	0.85%	1.77%	1.23%	0.15%
Tax Burden Percent	81.93%	107.35%	78.26%	73.58%	83.33%	103.09%	102.15%	65.12%	68.18%	65.15%	29.41%
Interest Burden Percent	85.57%	85.00%	139.39%	69.74%	56.00%	74.05%	152.46%	54.43%	71.54%	106.45%	60.71%
Effective Tax Rate	18.07%	-7.35%	0.00%	26.42%	16.67%	-3.09%	0.00%	34.88%	31.82%	34.85%	70.59%
Return on Invested Capital (ROIC)	7.17%	8.69%	-2.69%	4.28%	5.05%	8.00%	-3.41%	4.17%	5.71%	4.39%	0.88%
ROIC Less NNEP Spread (ROIC-NNEP)	6.73%	7.05%	-3.37%	3.39%	3.14%	7.76%	-6.47%	2.92%	4.82%	3.57%	0.61%
Return on Net Nonoperating Assets (RNNOA)	3.26%	3.12%	-1.54%	2.16%	1.79%	4.41%	-4.06%	2.36%	3.61%	2.61%	0.49%
Return on Equity (ROE)	10.43%	11.81%	-4.23%	6.43%	6.84%	12.41%	-7.47%	6.53%	9.32%	7.00%	1.37%
Cash Return on Invested Capital (CROIC)	7.50%	3.51%	4.13%	-18.59%	-25.37%	-19.66%	-22.40%	-1.08%	3.71%	2.13%	4.39%
Operating Return on Assets (OROA)	4.24%	3.23%	-1.44%	2.70%	2.50%	4.54%	-2.42%	2.61%	3.93%	1.98%	0.97%
Return on Assets (ROA)	2.97%	2.94%	-1.57%	1.39%	1.17%	3.47%	-3.77%	0.92%	1.92%	1.37%	0.17%
Return on Common Equity (ROCE)	10.31%	11.67%	-4.18%	6.36%	6.76%	12.27%	-7.38%	6.45%	9.22%	6.93%	1.35%
Return on Equity Simple (ROE_SIMPLE)	7.40%	0.00%	5.96%	4.96%	3.57%	0.00%	2.75%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	74	93	-27	55	68	104	-39	58	80	61	11
NOPAT Margin	2.98%	3.61%	-1.11%	1.94%	2.14%	3.20%	-1.32%	1.76%	2.37%	1.75%	0.35%
Net Nonoperating Expense Percent (NNEP)	0.44%	1.64%	0.68%	0.89%	1.91%	0.24%	3.06%	1.25%	0.89%	0.82%	0.27%
Return On Investment Capital (ROIC_SIMPLE)	-	2.03%	-	-	-	1.84%	-0.70%	1.02%	1.42%	1.01%	0.19%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	10.44%	9.15%	10.14%	9.49%	8.39%	8.52%	8.77%	8.24%	8.39%	8.21%	8.98%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	96.36%	96.64%	101.59%	97.36%	97.43%	96.89%	101.88%	97.30%	96.52%	96.35%	98.18%
Earnings before Interest and Taxes (EBIT)	97	80	-33	76	75	131	-61	79	123	62	28
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	198	173	59	175	186	244	48	189	241	182	143
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.51	2.50	2.23	2.08	2.00	1.73	1.63	1.90	2.05	2.02	2.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.72	0.74	0.65	0.58	0.56	0.44	0.38	0.44	0.47	0.46	0.44
Price to Earnings (P/E)	34.53	31.77	38.29	43.08	58.14	38.79	62.28	88.45	68.03	188.34	45.06
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.90%	3.15%	2.61%	2.32%	1.72%	2.58%	1.61%	1.13%	1.47%	0.53%	2.22%
Enterprise Value to Invested Capital (EV/IC)	2.05	2.06	1.86	1.60	1.58	1.42	1.34	1.48	1.58	1.58	1.56
Enterprise Value to Revenue (EV/Rev)	0.85	0.87	0.77	0.81	0.77	0.64	0.58	0.64	0.65	0.63	0.61
Enterprise Value to EBITDA (EV/EBITDA)	12.34	12.48	12.45	13.83	14.31	11.22	10.93	12.13	11.70	12.53	10.99
Enterprise Value to EBIT (EV/EBIT)	26.57	26.61	31.32	38.02	42.86	29.91	32.29	36.11	31.05	40.74	28.42
Enterprise Value to NOPAT (EV/NOPAT)	33.47	30.47	36.02	43.09	43.85	36.14	44.50	49.24	48.65	97.51	38.40
Enterprise Value to Operating Cash Flow (EV/OCF)	14.38	15.21	13.43	13.43	14.68	13.57	13.52	19.44	18.77	19.05	19.03
Enterprise Value to Free Cash Flow (EV/FCFF)	27.14	59.55	45.18	0.00	0.00	0.00	0.00	0.00	42.53	73.96	35.45
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.58	0.56	0.56	0.94	0.88	0.87	0.94	0.90	0.90	1.02	1.04
Long-Term Debt to Equity	0.58	0.55	0.52	0.87	0.81	0.83	0.88	0.87	0.73	0.87	0.88
Financial Leverage	0.48	0.44	0.46	0.64	0.57	0.57	0.63	0.81	0.75	0.73	0.80
Leverage Ratio	3.30	3.33	3.29	3.57	3.52	3.47	3.57	3.94	3.88	3.89	3.98
Compound Leverage Factor	2.83	2.83	4.58	2.49	1.97	2.57	5.44	2.15	2.78	4.14	2.42
Debt to Total Capital	36.90%	35.86%	36.06%	48.57%	46.94%	46.43%	48.36%	47.45%	47.45%	50.41%	50.87%
Short-Term Debt to Total Capital	0.58%	0.59%	2.78%	3.84%	3.77%	1.94%	3.11%	1.59%	9.18%	7.34%	7.58%
Long-Term Debt to Total Capital	36.31%	35.27%	33.28%	44.73%	43.18%	44.49%	45.25%	45.86%	38.27%	43.08%	43.29%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.74%	0.74%	0.75%	0.56%	0.59%	0.56%	0.60%	0.62%	0.58%	0.53%	0.57%
Common Equity to Total Capital	62.37%	63.40%	63.19%	50.87%	52.47%	53.00%	51.03%	51.93%	51.97%	49.06%	48.56%
Debt to EBITDA	2.48	2.42	2.67	4.58	4.69	3.96	4.17	4.03	3.74	4.64	4.12
Net Debt to EBITDA	1.77	1.73	1.98	3.80	3.76	3.34	3.72	3.72	3.27	3.35	3.07
Long-Term Debt to EBITDA	2.44	2.38	2.46	4.22	4.31	3.80	3.90	3.89	3.01	3.97	3.50
Debt to NOPAT	6.74	5.91	7.72	14.27	14.36	12.77	16.96	16.35	15.54	36.14	14.39
Net Debt to NOPAT	4.80	4.23	5.72	11.85	11.53	10.76	15.16	15.10	13.59	26.07	10.71
Long-Term Debt to NOPAT	6.63	5.82	7.12	13.14	13.21	12.23	15.87	15.80	12.53	30.88	12.25
Altman Z-Score	1.84	1.80	1.69	1.38	1.40	1.48	1.39	1.45	1.49	1.51	1.53
Noncontrolling Interest Sharing Ratio	1.16%	1.19%	1.21%	1.13%	1.14%	1.10%	1.17%	1.13%	1.11%	1.06%	1.17%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.01	0.98	0.94	0.86	0.86	0.83	0.78	0.76	0.71	0.85	0.85
Quick Ratio	0.88	0.85	0.80	0.73	0.73	0.69	0.65	0.63	0.60	0.74	0.75
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	131	-43	-70	-1,013	-1,314	-1,024	-1,258	-164	105	88	29
Operating Cash Flow to CapEx	467.31%	335.94%	74.63%	136.90%	225.00%	315.25%	37.66%	6.52%	515.56%	2,428.57%	50.00%
Free Cash Flow to Firm to Interest Expense	9.34	-3.55	-5.41	-44.04	-39.80	-30.11	-39.32	-4.56	3.01	2.94	0.92
Operating Cash Flow to Interest Expense	17.36	17.92	3.85	5.00	6.00	5.47	0.91	0.08	6.63	5.67	0.97
Operating Cash Flow Less CapEx to Interest Expense	13.64	12.58	-1.31	1.35	3.33	3.74	-1.50	-1.19	5.34	5.43	-0.97
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.08	1.04	1.07	1.01	1.05	1.13	1.18	1.09	1.09	1.12	1.15
Accounts Receivable Turnover	6.10	5.75	6.06	5.71	6.09	6.59	6.87	6.57	6.49	6.89	6.90
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	59.88	63.46	60.21	63.89	59.94	55.36	53.12	55.53	56.26	53.00	52.93
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	59.88	63.46	60.21	63.89	59.94	55.36	53.12	55.53	56.26	53.00	52.93
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,991	4,125	4,117	5,234	5,372	5,253	5,336	5,456	5,347	5,226	5,318
Invested Capital Turnover	2.40	2.41	2.42	2.20	2.36	2.50	2.59	2.37	2.41	2.52	2.53
Increase / (Decrease) in Invested Capital	-57	136	43	1,068	1,381	1,128	1,219	222	-25	-27	-18
Enterprise Value (EV)	8,183	8,488	7,643	8,364	8,487	7,447	7,137	8,088	8,446	8,270	8,298
Market Capitalization	6,976	7,275	6,395	6,031	6,221	5,197	4,671	5,572	6,054	6,027	5,948
Book Value per Share	$23.41	$24.48	$24.05	$24.29	$26.00	$25.13	$24.01	$25.70	$25.81	$26.05	$25.87
Tangible Book Value per Share	($3.84)	($4.59)	($4.55)	($14.28)	($13.65)	($12.82)	($14.47)	($16.56)	($15.58)	($14.91)	($14.18)
Total Capital	4,464	4,593	4,540	5,703	5,920	5,666	5,624	5,661	5,686	6,080	6,112
Total Debt	1,647	1,647	1,637	2,770	2,779	2,631	2,720	2,686	2,698	3,065	3,109
Total Long-Term Debt	1,621	1,620	1,511	2,551	2,556	2,521	2,545	2,596	2,176	2,619	2,646
Net Debt	1,174	1,179	1,214	2,301	2,231	2,218	2,432	2,481	2,359	2,211	2,315
Capital Expenditures (CapEx)	52	64	67	84	88	59	77	46	45	7.00	62
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-415	-499	-459	-722	-798	-851	-854	-936	-945	-995	-895
Debt-free Net Working Capital (DFNWC)	58	-31	-36	-253	-250	-438	-566	-731	-606	-141	-101
Net Working Capital (NWC)	32	-58	-162	-472	-473	-548	-741	-821	-1,128	-587	-564
Net Nonoperating Expense (NNE)	5.73	20	8.70	16	33	4.12	56	30	20	18	6.47
Net Nonoperating Obligations (NNO)	1,174	1,179	1,214	2,301	2,231	2,218	2,432	2,481	2,359	2,211	2,315
Total Depreciation and Amortization (D&A)	101	93	92	99	111	113	109	110	118	120	115
Debt-free, Cash-free Net Working Capital to Revenue	-4.30%	-5.10%	-4.63%	-6.97%	-7.22%	-7.27%	-6.98%	-7.38%	-7.31%	-7.55%	-6.63%
Debt-free Net Working Capital to Revenue	0.60%	-0.32%	-0.36%	-2.44%	-2.26%	-3.74%	-4.63%	-5.76%	-4.69%	-1.07%	-0.75%
Net Working Capital to Revenue	0.33%	-0.59%	-1.63%	-4.55%	-4.28%	-4.68%	-6.06%	-6.47%	-8.73%	-4.45%	-4.18%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.55	$0.62	($0.31)	$0.32	$0.28	$0.83	($0.81)	$0.23	$0.52	$0.34	$0.03
Adjusted Weighted Average Basic Shares Outstanding	118.94M	118.91M	119.27M	119.43M	119.46M	119.41M	118.99M	114.81M	114.47M	115.68M	114.71M
Adjusted Diluted Earnings per Share	$0.55	$0.62	($0.31)	$0.32	$0.28	$0.83	($0.81)	$0.23	$0.51	$0.35	$0.03
Adjusted Weighted Average Diluted Shares Outstanding	119.65M	119.49M	119.27M	119.68M	119.79M	119.80M	118.99M	115.06M	115.33M	116.30M	115.84M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	118.95M	119.26M	119.43M	119.47M	119.48M	119.52M	114.42M	114.47M	114.49M	114.71M	115.05M
Normalized Net Operating Profit after Tax (NOPAT)	82	70	41	65	92	86	34	68	92	67	41
Normalized NOPAT Margin	3.32%	2.70%	1.68%	2.28%	2.90%	2.65%	1.15%	2.07%	2.71%	1.91%	1.23%
Pre Tax Income Margin	3.36%	2.63%	-1.87%	1.86%	1.33%	2.98%	-3.12%	1.30%	2.59%	1.88%	0.52%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.93	6.67	-2.54	3.30	2.27	3.85	-1.91	2.19	3.51	2.07	0.88
NOPAT to Interest Expense	5.27	7.78	-2.10	2.40	2.05	3.06	-1.23	1.61	2.30	2.04	0.36
EBIT Less CapEx to Interest Expense	3.21	1.33	-7.69	-0.35	-0.39	2.12	-4.31	0.92	2.23	1.83	-1.06
NOPAT Less CapEx to Interest Expense	1.55	2.45	-7.25	-1.25	-0.62	1.33	-3.63	0.33	1.01	1.81	-1.58
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	555.56%	69.12%

Financials Breakdown Chart

Key Financial Trends

GXO Logistics’ latest quarterly results show a clear year-over-year revenue uplift in 2025, with solid profitability in late 2025 and a path toward positive free cash flow. While leverage remains meaningful and liquidity shows some pressure on a current basis, the company is generating meaningful operating cash flow and allocating capital to fund growth.

Revenue trend: GXO’s operating revenue reached about $3.51 billion in Q4 2025, up from $3.40 billion in Q3 2025 and $3.26 billion in Q4 2024, indicating ongoing top-line growth into the year-end period.
Net income per share: In Q4 2025, basic EPS was $0.34 and diluted EPS was $0.35, with roughly 114.7–116.3 million shares outstanding, reflecting positive quarterly profitability on a per-share basis.
Quarterly profitability: GXO posted net income to common of $43.0 million in Q4 2025 and $59.0 million in Q3 2025, highlighting ongoing quarterly profitability despite year-to-year volatility.
Free cash flow: In Q4 2025, free cash flow was roughly $115 million (approximately $170 million in cash flow from operations minus about $55 million in capital expenditures), signaling meaningful cash generation after maintenance investments.
Asset/equity base: Total assets around early‑to‑mid 2025 ranged around $11.0–$11.9 billion, with total equity near $2.9–$3.0 billion, providing a sizable equity base to support operations and investments.
Debt and liquidity: GXO issued about $514 million of debt in Q4 2025, adding liquidity but increasing leverage modestly (debt-to-equity running in the low- to mid-3x range on reported figures), which investors may monitor.
Shareholder capital allocation: The company conducted a stock repurchase in Q2 2025 (about $94 million), reflecting a capital-allocation decision that could support per-share upside over time.
Cash flow volatility across 2025: Cash from continuing operating activities was $29 million in Q1 2025, $3 million in Q2 2025, $232 million in Q3 2025, and $170 million in Q4 2025, indicating some quarterly fluctuations in cash generation.
Liquidity vs. short-term needs: In mid-2025, current assets were around $2.8–$2.9 billion while current liabilities were about $3.4–$3.9 billion, suggesting a near-term liquidity challenge if not managed, though cash flow and financing activity can help.
Leverage considerations: Total liabilities were around $8.9 billion in Q3 2025 with long-term debt near $2.18 billion, underscoring ongoing debt service as a potential pressure point for profitability and cash flow going forward.

05/18/26 12:01 PM ETAI Generated. May Contain Errors.

GXO Logistics Financials - Frequently Asked Questions

According to the most recent income statement we have on file, GXO Logistics' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

GXO Logistics' net income appears to be on an upward trend, with a most recent value of $36 million in 2025, falling from $81 million in 2019. The previous period was $138 million in 2024. See where experts think GXO Logistics is headed by visiting GXO Logistics' forecast page.

GXO Logistics' total operating income in 2025 was $245 million, based on the following breakdown:

Total Gross Profit: $13.18 billion
Total Operating Expenses: $12.90 billion

Over the last 6 years, GXO Logistics' total revenue changed from $6.09 billion in 2019 to $13.18 billion in 2025, a change of 116.2%.

GXO Logistics' total liabilities were at $9.25 billion at the end of 2025, a 12.3% increase from 2024, and a 156.9% increase since 2020.

In the past 5 years, GXO Logistics' cash and equivalents has ranged from $328 million in 2020 to $854 million in 2025, and is currently $854 million as of their latest financial filing in 2025.

Over the last 6 years, GXO Logistics' book value per share changed from 0.00 in 2019 to 26.05 in 2025, a change of 2,605.5%.

Related Companies

Financial statements for NYSE:GXO last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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GXO Logistics (GXO) Financials

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GXO Logistics (GXO) Financials

Annual Income Statements for GXO Logistics

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Quarterly Metrics And Ratios for GXO Logistics

Financials Breakdown Chart

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GXO Logistics Financials - Frequently Asked Questions

When does GXO Logistics' financial year end?

How has GXO Logistics' net income changed over the last 6 years?

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How has GXO Logistics' revenue changed over the last 6 years?

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How has GXO Logistics' book value per share changed over the last 6 years?

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