XPO (XPO) Financials

$124.46 -1.23 (-0.98%)

As of 05/20/2025 03:59 PM Eastern

Annual Income Statements for XPO

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	387	189	666	336	110	419	422	340	69	-191
Consolidated Net Income / (Loss)	387	189	666	341	117	440	444	360	85	-192
Net Income / (Loss) Continuing Operations	387	192	184	96	-110	241	444	360	85	-192
Total Pre-Tax Income	473	260	258	107	-164	301	566	261	107	-283
Total Operating Income	660	438	377	312	97	561	704	582	464	-29
Total Gross Profit	2,994	2,825	2,809	2,346	1,310	2,136	8,266	7,249	6,732	1,085
Total Revenue	8,072	7,744	7,718	7,202	6,168	10,681	17,279	15,381	14,619	7,623
Operating Revenue	8,072	7,744	7,718	7,202	6,168	10,681	17,279	15,381	14,619	7,623
Total Cost of Revenue	5,078	4,919	4,909	4,856	4,858	8,545	9,013	8,132	7,887	6,538
Operating Cost of Revenue	5,078	4,919	4,909	4,856	4,858	8,545	9,013	8,132	7,887	6,538
Total Operating Expenses	2,333	2,387	2,432	2,034	1,213	1,575	7,562	6,667	6,268	1,113
Selling, General & Admin Expense	1,723	1,790	1,870	1,666	746	1,068	7,562	6,667	6,268	1,113
Depreciation Expense	490	432	392	385	378	467	-	-	-	-
Other Operating Expenses / (Income)	80	60	58	-	-	-	-	-	-	-
Impairment Charge	0.00	0.00	64	0.00	0.00	-	-	-	-	-
Restructuring Charge	80	102	108	55	89	40	-	-	-	-
Other Special Charges / (Income)	-40	3.00	-60	-72	-	-	-	-	-	-
Total Other Income / (Expense), net	-186	-178	-119	-205	-261	-260	-138	-321	-357	-254
Interest Expense	223	193	174	265	308	273	244	320	431	217
Other Income / (Expense), net	37	15	55	60	47	13	106	-1.00	74	-37
Income Tax Expense	86	68	74	11	-54	60	122	-99	22	-91
Net Income / (Loss) Discontinued Operations	0.00	-3.00	482	245	227	199	-	-	-	-
Basic Earnings per Share	$3.33	$1.64	$5.79	$2.99	$0.87	$3.95	$3.17	$2.72	$0.57	($2.65)
Weighted Average Basic Shares Outstanding	116M	116M	115M	112M	92M	96M	123M	115M	110M	92.80M
Diluted Earnings per Share	$3.23	$1.60	$5.76	$2.93	$0.87	$3.57	$2.88	$2.45	$0.53	($2.65)
Weighted Average Diluted Shares Outstanding	120M	118M	116M	114M	92M	106M	135M	128M	123M	92.80M
Weighted Average Basic & Diluted Shares Outstanding	117.24M	116.11M	115.50M	114.79M	102.20M	92.36M	133.10M	125M	121.10M	72.10M

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	69	75	95	150	67	58	84	33	14	-94	131
Consolidated Net Income / (Loss)	69	75	95	150	67	58	84	33	14	-94	131
Net Income / (Loss) Continuing Operations	69	75	95	150	67	58	86	31	17	-36	92
Total Pre-Tax Income	91	101	135	147	90	78	117	44	21	-28	119
Total Operating Income	151	149	176	197	138	119	154	107	58	4.00	139
Total Gross Profit	723	688	771	789	746	713	734	690	688	697	712
Total Revenue	1,954	1,922	2,053	2,079	2,018	1,940	1,980	1,917	1,907	1,831	1,946
Operating Revenue	1,954	1,922	2,053	2,079	2,018	1,940	1,980	1,917	1,907	1,831	1,946
Total Cost of Revenue	1,231	1,234	1,282	1,290	1,272	1,227	1,246	1,227	1,219	1,134	1,234
Operating Cost of Revenue	1,231	1,234	1,282	1,290	1,272	1,227	1,246	1,227	1,219	1,134	1,234
Total Operating Expenses	572	539	595	592	607	594	580	583	630	693	573
Selling, General & Admin Expense	428	405	432	435	451	438	445	436	471	448	466
Depreciation Expense	123	125	126	122	117	114	110	107	101	103	99
Other Operating Expenses / (Income)	19	19	21	21	19	15	15	15	15	-	-
Restructuring Charge	15	24	16	18	22	20	9.00	27	46	77	9.00
Other Special Charges / (Income)	-13	-34	0.00	-4.00	-2.00	7.00	1.00	-2.00	-3.00	-57	-1.00
Total Other Income / (Expense), net	-60	-47	-41	-50	-48	-41	-37	-63	-37	-32	-20
Interest Expense	61	53	56	56	58	44	41	66	42	45	35
Other Income / (Expense), net	1.00	6.00	15	6.00	10	3.00	4.00	3.00	5.00	13	15
Income Tax Expense	22	26	40	-3.00	23	20	31	13	4.00	8.00	27
Basic Earnings per Share	$0.59	$0.65	$0.81	$1.29	$0.58	$0.50	$0.73	$0.28	$0.13	($0.82)	$1.14
Weighted Average Basic Shares Outstanding	117M	116M	116M	116M	116M	116M	116M	116M	116M	115M	115M
Diluted Earnings per Share	$0.58	$0.65	$0.79	$1.25	$0.56	$0.50	$0.71	$0.28	$0.13	($0.82)	$1.13
Weighted Average Diluted Shares Outstanding	120M	120M	120M	120M	120M	118M	119M	118M	116M	116M	116M
Weighted Average Basic & Diluted Shares Outstanding	117.81M	117.24M	116.40M	116.39M	116.33M	116.11M	115.97M	115.97M	115.86M	115.50M	115.16M

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-120	-51	197	-1,792	1,664	-9.00	82	33	83	-354
Net Cash From Operating Activities	808	694	824	490	296	629	1,102	785	622	91
Net Cash From Continuing Operating Activities	808	694	824	490	296	746	1,102	785	622	91
Net Income / (Loss) Continuing Operations	387	192	184	96	-110	241	444	360	85	-192
Consolidated Net Income / (Loss)	387	189	666	341	117	440	444	360	85	-192
Net Income / (Loss) Discontinued Operations	0.00	-3.00	482	245	227	-	-	-	-	-
Depreciation Expense	490	432	392	385	378	467	716	658	643	365
Non-Cash Adjustments To Reconcile Net Income	69	138	167	32	0.00	-23	47	196	110	45
Changes in Operating Assets and Liabilities, net	-137	-68	81	-23	28	-138	-105	-429	-216	-127
Net Cash From Investing Activities	-702	-1,502	-404	-141	-70	-67	-400	-386	142	-4,085
Net Cash From Continuing Investing Activities	-702	-1,502	-404	-141	-70	-67	-400	-386	142	-4,085
Purchase of Property, Plant & Equipment	-789	-1,533	-521	-269	-249	-379	-551	-504	-483	-249
Sale of Property, Plant & Equipment	75	29	88	131	175	237	143	118	69	60
Sale and/or Maturity of Investments	12	2.00	29	0.00	-	-	-	-	-	-
Net Cash From Financing Activities	-226	761	-861	-1,933	1,154	-201	-620	-366	-681	3,645
Net Cash From Continuing Financing Activities	-226	761	-861	-1,933	1,154	-198	-620	-366	-681	3,645
Repayment of Debt	-96	-2,182	-1,421	-3,083	-880	-2,532	-2,809	-2,444	-2,413	-1,273
Issuance of Debt	0.00	2,962	275	0.00	2,175	3,695	2,429	1,814	1,748	4,152
Issuance of Common Equity	0.00	0.00	312	794	-114	-1,347	-	288	0.00	1,260
Other Financing Activities, net	-129	-19	-27	-28	-5.00	-14	296	-17	-11	0.00
Effect of Exchange Rate Changes	0.00	5.00	-18	-	-	-	-	-	-	-4.60
Other Net Changes in Cash	0.00	-9.00	656	-206	284	-490	-	-	-	-
Cash Interest Paid	223	185	145	253	314	281	233	274	363	168
Cash Income Taxes Paid	90	34	87	78	37	82	70	79	41	15

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-78	-87	129	21	-183	58	64	-18	-155	-84	108
Net Cash From Operating Activities	142	189	264	210	145	251	236	131	76	196	271
Net Cash From Continuing Operating Activities	143	189	264	210	145	251	236	131	76	196	271
Net Income / (Loss) Continuing Operations	69	75	95	150	67	58	86	31	17	-36	92
Consolidated Net Income / (Loss)	69	75	95	150	67	58	84	33	14	-94	131
Depreciation Expense	123	125	126	122	117	114	110	107	101	103	99
Non-Cash Adjustments To Reconcile Net Income	25	2.00	19	27	21	30	26	43	39	91	19
Changes in Operating Assets and Liabilities, net	-74	-10	23	-90	-60	49	14	-50	-81	38	61
Net Cash From Investing Activities	-191	-104	-115	-184	-299	-1,029	-131	-126	-216	-89	-99
Net Cash From Continuing Investing Activities	-192	-104	-115	-184	-299	-1,029	-131	-126	-216	-89	-99
Purchase of Property, Plant & Equipment	-199	-166	-127	-190	-306	-1,039	-139	-131	-224	-167	-112
Sale of Property, Plant & Equipment	7.00	58	4.00	6.00	7.00	10	6.00	5.00	8.00	78	3.00
Net Cash From Financing Activities	-30	-167	-24	-6.00	-29	833	-36	-26	-10	-155	-33
Net Cash From Continuing Financing Activities	-29	-168	-24	-5.00	-29	833	-36	-26	-10	-155	-33
Repayment of Debt	18	-59	-20	-3.00	-14	-145	-36	-2,003	2.00	-453	-33
Other Financing Activities, net	-47	-108	-4.00	-2.00	-15	-7.00	-	-	-12	-14	-
Cash Interest Paid	42	75	47	76	25	76	19	51	39	51	21
Cash Income Taxes Paid	-2.00	19	39	29	3.00	-2.00	18	15	3.00	23	-7.00

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	7,712	7,492	6,269	8,717	16,177	14,128	12,270	12,602	11,698	12,643
Total Current Assets	1,505	1,593	1,630	2,687	5,378	3,342	3,688	3,588	3,074	2,957
Cash & Equivalents	246	412	460	228	1,731	377	502	397	373	290
Accounts Receivable	977	973	954	908	1,680	2,500	2,596	2,725	2,313	2,266
Other Current Assets	283	208	199	219	303	465	590	466	387	401
Plant, Property, & Equipment, net	3,402	3,075	1,832	0.00	0.00	2,704	2,605	2,664	2,537	2,852
Total Noncurrent Assets	2,803	2,824	2,807	6,030	10,799	8,082	5,977	6,350	6,087	6,834
Goodwill	1,461	1,498	1,472	1,594	2,536	4,450	4,467	4,564	4,326	4,611
Intangible Assets	361	422	407	470	675	1,092	1,253	1,435	1,535	1,877
Other Noncurrent Operating Assets	981	904	928	2,603	2,922	2,540	257	351	227	233
Total Liabilities & Shareholders' Equity	7,712	7,492	6,269	8,717	16,177	14,128	12,270	12,602	11,698	12,643
Total Liabilities	6,109	6,226	5,257	7,579	13,328	11,232	8,300	8,592	8,661	9,582
Total Current Liabilities	1,420	1,590	1,507	2,548	5,161	3,258	3,313	2,997	2,732	2,694
Short-Term Debt	62	69	59	58	1,281	84	367	104	137	135
Accounts Payable	477	532	521	519	854	1,157	1,258	1,251	1,056	1,064
Accrued Expenses	708	775	774	822	1,044	1,414	1,480	1,526	1,382	1,292
Other Current Liabilities	173	214	137	165	254	603	208	116	157	204
Total Noncurrent Liabilities	4,689	4,636	3,750	5,031	8,167	7,974	4,987	5,595	5,929	6,888
Long-Term Debt	3,325	3,335	2,473	3,513	5,240	5,182	3,902	4,418	4,732	5,273
Noncurrent Deferred & Payable Income Tax Liabilities	393	337	319	247	286	495	444	419	572	933
Noncurrent Employee Benefit Liabilities	85	91	93	122	131	157	153	162	251	313
Other Noncurrent Operating Liabilities	886	873	865	868	1,080	2,140	488	596	374	370
Total Equity & Noncontrolling Interests	1,601	1,266	1,012	1,138	2,849	2,896	3,970	4,010	3,038	3,061
Total Preferred & Common Equity	1,601	1,266	1,012	1,138	2,709	2,743	3,575	3,604	2,700	2,717
Total Common Equity	1,600	1,266	1,012	1,138	2,708	2,702	3,534	3,563	2,658	2,675
Common Stock	1,274	1,298	1,238	1,179	1,998	2,061	3,311	3,590	3,245	3,212
Retained Earnings	572	185	-4.00	43	868	786	377	-43	-393	-465
Accumulated Other Comprehensive Income / (Loss)	-246	-217	-222	-84	-158	-145	-154	16	-194	-72

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

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	7,879	7,923	7,729	7,603	6,428	6,352	6,348	8,503
Total Current Assets	1,580	1,654	1,548	1,528	1,613	1,522	1,565	2,831
Cash & Equivalents	212	378	250	229	355	290	309	544
Accounts Receivable	1,083	1,064	1,088	1,077	1,059	1,008	1,019	2,013
Other Current Assets	286	212	210	222	199	224	221	257
Plant, Property, & Equipment, net	3,539	3,357	3,305	3,257	2,072	2,037	1,978	1,828
Total Noncurrent Assets	2,760	2,913	2,877	2,818	2,743	2,793	2,805	3,844
Goodwill	1,491	1,516	1,481	1,484	1,465	1,493	1,483	2,229
Intangible Assets	350	381	392	406	366	383	396	496
Other Noncurrent Operating Assets	919	1,016	1,004	928	912	917	926	1,119
Total Liabilities & Shareholders' Equity	7,879	7,923	7,729	7,603	6,428	6,352	6,348	8,503
Total Liabilities	6,239	6,282	6,231	6,271	5,231	5,233	5,293	6,717
Total Current Liabilities	1,551	1,563	1,542	1,622	1,522	1,533	1,546	2,442
Short-Term Debt	61	68	64	63	66	66	66	60
Accounts Payable	501	445	477	570	473	464	505	1,022
Accrued Expenses	758	805	772	782	827	800	792	1,087
Other Current Liabilities	232	246	228	208	156	203	168	256
Total Noncurrent Liabilities	4,688	4,719	4,689	4,649	3,709	3,700	3,747	4,275
Long-Term Debt	3,336	3,343	3,330	3,323	2,447	2,452	2,478	2,848
Noncurrent Deferred & Payable Income Tax Liabilities	392	371	364	342	326	301	307	334
Noncurrent Employee Benefit Liabilities	85	88	88	89	90	91	92	116
Other Noncurrent Operating Liabilities	875	917	907	895	846	856	870	977
Total Equity & Noncontrolling Interests	1,640	1,641	1,499	1,332	1,197	1,119	1,055	1,786
Total Preferred & Common Equity	1,640	1,641	1,499	1,332	1,197	1,119	1,055	1,786
Total Common Equity	1,640	1,641	1,499	1,332	1,197	1,119	1,055	1,786
Common Stock	1,227	1,340	1,322	1,302	1,284	1,268	1,252	1,195
Retained Earnings	641	496	402	252	127	43	10	803
Accumulated Other Comprehensive Income / (Loss)	-228	-195	-225	-222	-214	-192	-207	-212

This table displays calculated financial ratios and metrics derived from XPO's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.24%	0.34%	7.16%	16.76%	-42.25%	-38.19%	12.34%	5.21%	91.77%	223.48%
EBITDA Growth	34.12%	7.40%	8.85%	45.02%	-49.86%	-31.78%	23.16%	4.91%	294.85%	428.45%
EBIT Growth	53.86%	4.86%	16.13%	158.33%	-74.91%	-29.14%	39.41%	7.99%	917.63%	-57.79%
NOPAT Growth	66.95%	20.30%	-3.95%	312.26%	-84.88%	-18.67%	-31.21%	117.79%	1,941.15%	30.07%
Net Income Growth	104.76%	-71.62%	95.31%	191.45%	-73.41%	-0.90%	23.33%	323.53%	144.36%	-201.26%
EPS Growth	101.88%	-72.22%	96.59%	191.45%	-73.41%	-0.90%	17.55%	362.26%	120.00%	-32.50%
Operating Cash Flow Growth	16.43%	-15.78%	68.16%	65.54%	-52.94%	-42.92%	40.38%	26.21%	585.02%	526.29%
Free Cash Flow Firm Growth	106.46%	-459.51%	-86.03%	-49.91%	744.00%	-57.78%	375.23%	-80.31%	115.37%	-556.82%
Invested Capital Growth	11.39%	38.11%	1.05%	-31.70%	-42.62%	0.62%	-4.89%	8.00%	-7.91%	413.40%
Revenue Q/Q Growth	-0.22%	1.43%	111.80%	29.25%	-24.87%	-36.80%	1.14%	3.48%	2.34%	49.13%
EBITDA Q/Q Growth	3.85%	15.08%	33.55%	-14.17%	61.11%	-33.23%	3.08%	1.91%	14.86%	47.27%
EBIT Q/Q Growth	4.97%	30.17%	44.00%	-25.30%	176.92%	-30.42%	3.38%	2.09%	45.48%	-182.40%
NOPAT Q/Q Growth	4.25%	57.36%	26.45%	-25.53%	385.00%	-21.79%	-28.94%	97.00%	44.78%	-288.16%
Net Income Q/Q Growth	4.59%	410.81%	-24.49%	-1.73%	21.88%	3.77%	-20.70%	93.86%	925.24%	-38.04%
EPS Q/Q Growth	1.25%	400.00%	-24.90%	-1.73%	21.88%	3.77%	-32.71%	94.44%	243.24%	6.03%
Operating Cash Flow Q/Q Growth	-7.13%	8.61%	47.14%	-12.81%	-38.20%	-37.60%	37.49%	6.53%	36.40%	189.17%
Free Cash Flow Firm Q/Q Growth	106.87%	-185.11%	-39.98%	-51.25%	1,013.78%	-63.55%	148.61%	-70.65%	139.95%	-76.37%
Invested Capital Q/Q Growth	1.48%	26.92%	-25.71%	-29.57%	-39.92%	0.78%	-6.23%	3.55%	-7.35%	53.34%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	37.09%	36.48%	36.40%	32.57%	21.24%	20.00%	47.84%	47.13%	46.05%	14.23%
EBITDA Margin	14.71%	11.43%	10.68%	10.51%	8.46%	9.75%	8.83%	8.06%	8.08%	3.92%
Operating Margin	8.18%	5.66%	4.88%	4.33%	1.57%	5.25%	4.07%	3.78%	3.17%	-0.38%
EBIT Margin	8.63%	5.85%	5.60%	5.17%	2.33%	5.37%	4.69%	3.78%	3.68%	-0.86%
Profit (Net Income) Margin	4.79%	2.44%	8.63%	4.73%	1.90%	4.12%	2.57%	2.34%	0.58%	-2.51%
Tax Burden Percent	81.82%	72.69%	258.14%	318.69%	-71.34%	146.18%	78.45%	137.93%	79.44%	67.82%
Interest Burden Percent	67.86%	57.40%	59.72%	28.76%	-113.89%	52.44%	69.88%	44.92%	19.89%	429.33%
Effective Tax Rate	18.18%	26.15%	28.68%	10.28%	0.00%	19.93%	21.55%	-37.93%	20.56%	0.00%
Return on Invested Capital (ROIC)	12.00%	8.81%	8.77%	7.45%	1.11%	5.79%	6.96%	10.25%	4.69%	-0.41%
ROIC Less NNEP Spread (ROIC-NNEP)	7.01%	3.50%	28.70%	10.91%	2.62%	5.58%	4.22%	-0.03%	-1.21%	-7.20%
Return on Net Nonoperating Assets (RNNOA)	15.00%	7.78%	53.19%	9.66%	2.96%	7.03%	4.17%	-0.03%	-1.90%	-7.72%
Return on Equity (ROE)	27.00%	16.59%	61.95%	17.11%	4.07%	12.82%	11.13%	10.22%	2.79%	-8.13%
Cash Return on Invested Capital (CROIC)	1.22%	-23.20%	7.72%	45.12%	55.27%	5.17%	11.97%	2.55%	12.92%	-135.20%
Operating Return on Assets (OROA)	9.17%	6.58%	5.77%	2.99%	0.95%	4.35%	6.51%	4.78%	4.42%	-0.86%
Return on Assets (ROA)	5.09%	2.75%	8.89%	2.74%	0.77%	3.33%	3.57%	2.96%	0.70%	-2.49%
Return on Common Equity (ROCE)	26.99%	16.59%	61.95%	16.50%	3.84%	11.64%	9.90%	9.02%	2.44%	-7.39%
Return on Equity Simple (ROE_SIMPLE)	24.17%	14.93%	65.81%	29.96%	4.32%	16.04%	12.42%	9.99%	3.15%	-7.05%
Net Operating Profit after Tax (NOPAT)	540	323	269	280	68	449	552	803	369	-20
NOPAT Margin	6.69%	4.18%	3.48%	3.89%	1.10%	4.21%	3.20%	5.22%	2.52%	-0.26%
Net Nonoperating Expense Percent (NNEP)	4.99%	5.31%	-19.94%	-3.46%	-1.51%	0.21%	2.74%	10.27%	5.90%	6.79%
Return On Investment Capital (ROIC_SIMPLE)	10.83%	6.93%	7.59%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	62.91%	63.52%	63.60%	67.43%	78.76%	80.00%	52.16%	52.87%	53.95%	85.77%
SG&A Expenses to Revenue	21.35%	23.11%	24.23%	23.13%	12.09%	10.00%	43.76%	43.35%	42.88%	14.61%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	28.90%	30.82%	31.51%	28.24%	19.67%	14.75%	43.76%	43.35%	42.88%	14.61%
Earnings before Interest and Taxes (EBIT)	697	453	432	372	144	574	810	581	538	-66
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,187	885	824	757	522	1,041	1,526	1,239	1,181	299
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	9.54	8.02	3.79	7.81	4.02	2.72	2.05	3.08	1.80	1.10
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
Price to Revenue (P/Rev)	1.89	1.31	0.50	1.23	1.77	0.69	0.42	0.71	0.33	0.39
Price to Earnings (P/E)	39.45	53.75	5.76	26.43	99.06	17.56	17.16	32.29	69.29	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.54%	1.86%	17.37%	3.78%	1.01%	5.70%	5.83%	3.10%	1.44%	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.88	3.09	1.92	4.01	3.54	1.60	1.48	1.91	1.28	1.03
Enterprise Value to Revenue (EV/Rev)	2.28	1.70	0.77	1.70	2.57	1.16	0.66	1.01	0.66	1.11
Enterprise Value to EBITDA (EV/EBITDA)	15.51	14.86	7.17	16.15	30.32	11.95	7.50	12.55	8.18	28.27
Enterprise Value to EBIT (EV/EBIT)	26.41	29.03	13.67	32.86	109.92	21.67	14.13	26.77	17.95	0.00
Enterprise Value to NOPAT (EV/NOPAT)	34.09	40.66	21.97	43.67	233.10	27.69	20.72	19.37	26.19	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	22.78	18.95	7.17	24.95	53.47	19.78	10.38	19.81	15.52	93.14
Enterprise Value to Free Cash Flow (EV/FCFF)	334.67	0.00	24.93	7.21	4.67	31.01	12.04	77.77	9.51	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.12	2.69	2.50	3.14	2.29	1.82	1.08	1.13	1.60	1.77
Long-Term Debt to Equity	2.08	2.63	2.44	3.09	1.84	1.79	0.98	1.10	1.56	1.72
Financial Leverage	2.14	2.22	1.85	0.89	1.13	1.26	0.99	1.22	1.58	1.07
Leverage Ratio	5.30	6.04	6.97	6.24	5.28	3.84	3.12	3.45	3.99	3.26
Compound Leverage Factor	3.60	3.47	4.16	1.80	-6.01	2.02	2.18	1.55	0.79	14.01
Debt to Total Capital	67.90%	72.89%	71.44%	75.83%	69.59%	64.52%	51.81%	53.00%	61.58%	63.86%
Short-Term Debt to Total Capital	1.24%	1.48%	1.66%	1.23%	13.67%	1.03%	4.45%	1.22%	1.73%	1.60%
Long-Term Debt to Total Capital	66.66%	71.41%	69.78%	74.60%	55.92%	63.49%	47.36%	51.78%	59.85%	62.26%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.01%	0.50%	0.50%	0.48%	0.53%	0.50%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	1.49%	1.87%	4.79%	4.76%	4.27%	4.06%
Common Equity to Total Capital	32.08%	27.11%	28.56%	24.17%	28.90%	33.10%	42.89%	41.76%	33.63%	31.59%
Debt to EBITDA	2.85	3.85	3.07	4.72	12.49	5.06	2.80	3.65	4.12	18.08
Net Debt to EBITDA	2.65	3.38	2.51	4.42	9.18	4.70	2.47	3.33	3.81	17.11
Long-Term Debt to EBITDA	2.80	3.77	3.00	4.64	10.04	4.98	2.56	3.57	4.01	17.63
Debt to NOPAT	6.27	10.52	9.42	12.76	96.04	11.72	7.73	5.63	13.21	-270.12
Net Debt to NOPAT	5.82	9.25	7.71	11.94	70.54	10.88	6.82	5.14	12.19	-255.65
Long-Term Debt to NOPAT	6.16	10.31	9.20	12.55	77.17	11.54	7.07	5.50	12.84	-263.37
Altman Z-Score	2.96	2.25	1.92	1.70	0.99	1.37	2.23	2.19	1.72	0.74
Noncontrolling Interest Sharing Ratio	0.03%	0.00%	0.00%	3.54%	5.83%	9.18%	11.07%	11.72%	12.54%	9.07%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.06	1.00	1.08	1.05	1.04	1.03	1.11	1.20	1.13	1.10
Quick Ratio	0.86	0.87	0.94	0.45	0.66	0.88	0.94	1.04	0.98	0.95
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	55	-852	237	1,696	3,386	401	950	200	1,015	-6,606
Operating Cash Flow to CapEx	113.17%	46.14%	190.30%	355.07%	400.00%	442.96%	270.10%	203.37%	150.24%	48.12%
Free Cash Flow to Firm to Interest Expense	0.25	-4.41	1.36	6.40	10.99	1.47	3.89	0.62	2.36	-30.48
Operating Cash Flow to Interest Expense	3.62	3.60	4.74	1.85	0.96	2.30	4.52	2.45	1.44	0.42
Operating Cash Flow Less CapEx to Interest Expense	0.42	-4.20	2.25	1.33	0.72	1.78	2.84	1.25	0.48	-0.45
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.06	1.13	1.03	0.58	0.41	0.81	1.39	1.27	1.20	0.99
Accounts Receivable Turnover	8.28	8.04	8.29	5.57	2.95	4.19	6.49	6.11	6.38	5.43
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	2.49	3.16	0.00	0.00	0.00	4.02	6.56	5.91	5.42	4.96
Accounts Payable Turnover	10.07	9.34	9.44	7.07	4.83	7.08	7.18	7.05	7.44	9.93
Days Sales Outstanding (DSO)	44.09	45.41	44.03	65.58	123.68	87.07	56.20	59.78	57.17	67.28
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	36.26	39.07	38.66	51.60	75.55	51.58	50.80	51.78	49.06	36.74
Cash Conversion Cycle (CCC)	7.82	6.35	5.37	13.98	48.13	35.49	5.40	8.00	8.12	30.53
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,743	4,258	3,083	3,051	4,467	7,785	7,737	8,135	7,532	8,179
Invested Capital Turnover	1.79	2.11	2.52	1.92	1.01	1.38	2.18	1.96	1.86	1.56
Increase / (Decrease) in Invested Capital	485	1,175	32	-1,416	-3,318	48	-398	603	-647	6,586
Enterprise Value (EV)	18,407	13,150	5,906	12,225	15,828	12,439	11,444	15,551	9,655	8,457
Market Capitalization	15,266	10,158	3,834	8,882	10,897	7,356	7,241	10,979	4,781	2,953
Book Value per Share	$13.75	$10.92	$8.79	$9.92	$29.62	$29.27	$27.84	$29.72	$24.00	$24.68
Tangible Book Value per Share	($1.91)	($5.64)	($7.53)	($8.07)	($5.50)	($30.77)	($17.22)	($20.32)	($28.91)	($35.17)
Total Capital	4,988	4,670	3,544	4,709	9,370	8,162	8,239	8,532	7,906	8,469
Total Debt	3,387	3,404	2,532	3,571	6,521	5,266	4,269	4,522	4,868	5,408
Total Long-Term Debt	3,325	3,335	2,473	3,513	5,240	5,182	3,902	4,418	4,732	5,273
Net Debt	3,141	2,992	2,072	3,343	4,790	4,889	3,767	4,125	4,495	5,118
Capital Expenditures (CapEx)	714	1,504	433	138	74	142	408	386	414	189
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-99	-340	-278	-31	-233	-209	240	298	105	108
Debt-free Net Working Capital (DFNWC)	147	72	182	197	1,498	168	742	695	479	398
Net Working Capital (NWC)	85	3.00	123	139	217	84	375	591	342	263
Net Nonoperating Expense (NNE)	153	134	-397	-61	-49	9.17	108	443	284	172
Net Nonoperating Obligations (NNO)	3,142	2,992	2,071	1,913	1,618	4,889	3,767	4,125	4,495	5,118
Total Depreciation and Amortization (D&A)	490	432	392	385	378	467	716	658	643	365
Debt-free, Cash-free Net Working Capital to Revenue	-1.23%	-4.39%	-3.60%	-0.43%	-3.78%	-1.96%	1.39%	1.94%	0.72%	1.42%
Debt-free Net Working Capital to Revenue	1.82%	0.93%	2.36%	2.74%	24.29%	1.57%	4.29%	4.52%	3.27%	5.22%
Net Working Capital to Revenue	1.05%	0.04%	1.59%	1.93%	3.52%	0.79%	2.17%	3.84%	2.34%	3.45%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.33	$1.64	$0.00	$1.82	$0.31	$1.42	$1.14	$0.98	$0.20	($0.95)
Adjusted Weighted Average Basic Shares Outstanding	116M	116M	0.00	184.02M	256.64M	267.79M	343.11M	320.52M	307.41M	258.74M
Adjusted Diluted Earnings per Share	$3.23	$1.60	$0.00	$1.78	$0.28	$1.28	$1.03	$0.88	$0.19	($0.95)
Adjusted Weighted Average Diluted Shares Outstanding	120M	118M	0.00	187.31M	284.53M	295.69M	376.59M	356.50M	342.55M	258.87M
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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	117.24M	116.11M	0.00	188.61M	285.10M	257.63M	304.60M	334.56M	310.91M	305.85M
Normalized Net Operating Profit after Tax (NOPAT)	573	401	349	265	130	481	552	407	369	-20
Normalized NOPAT Margin	7.10%	5.18%	4.52%	3.68%	2.11%	4.51%	3.20%	2.65%	2.52%	-0.26%
Pre Tax Income Margin	5.86%	3.36%	3.34%	1.49%	-2.66%	2.82%	3.28%	1.70%	0.73%	-3.71%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.13	2.35	2.48	1.40	0.47	2.10	3.32	1.82	1.25	-0.30
NOPAT to Interest Expense	2.42	1.68	1.55	1.06	0.22	1.65	2.26	2.51	0.86	-0.09
EBIT Less CapEx to Interest Expense	-0.08	-5.45	-0.01	0.88	0.23	1.58	1.65	0.61	0.29	-1.17
NOPAT Less CapEx to Interest Expense	-0.78	-6.12	-0.94	0.54	-0.02	1.13	0.59	1.30	-0.11	-0.96
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.94%	5.88%	-241.39%
Augmented Payout Ratio	0.00%	0.00%	0.00%	-112.61%	0.00%	0.00%	120.72%	1.94%	5.88%	-258.04%

This table displays calculated financial ratios and metrics derived from XPO's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.17%	-0.93%	3.69%	8.45%	5.82%	5.95%	1.75%	-6.35%	0.69%	181.63%	-40.49%
EBITDA Growth	3.77%	18.64%	18.28%	49.77%	61.59%	96.67%	5.93%	-22.50%	-4.09%	237.93%	1.61%
EBIT Growth	2.70%	27.05%	20.89%	84.55%	134.92%	617.65%	2.60%	-40.22%	-18.18%	114.78%	17.56%
NOPAT Growth	11.45%	25.04%	9.41%	166.65%	118.80%	3,060.26%	5.34%	-41.68%	-6.84%	103.08%	46.21%
Net Income Growth	2.99%	29.31%	13.10%	354.55%	378.57%	161.70%	-35.88%	-76.60%	-97.13%	-177.05%	329.82%
EPS Growth	3.57%	30.00%	11.27%	346.43%	330.77%	160.98%	-37.17%	-77.05%	-96.92%	-175.23%	329.82%
Operating Cash Flow Growth	-2.07%	-24.70%	11.86%	60.31%	90.79%	28.06%	-12.92%	-22.49%	-59.57%	388.24%	8.40%
Free Cash Flow Firm Growth	79.70%	65.55%	-231.60%	-220.25%	-220.34%	-3,620.93%	213.75%	-73.08%	-73.46%	-102.20%	-90.89%
Invested Capital Growth	7.51%	11.39%	39.31%	38.75%	36.45%	38.11%	-19.16%	-19.99%	-20.80%	1.05%	-4.20%
Revenue Q/Q Growth	1.66%	-6.38%	-1.25%	3.02%	4.02%	-2.02%	3.29%	0.52%	4.15%	-5.91%	-4.93%
EBITDA Q/Q Growth	-1.79%	-11.67%	-2.46%	22.64%	12.29%	-11.94%	23.50%	32.32%	36.67%	-52.57%	-9.64%
EBIT Q/Q Growth	-1.94%	-18.85%	-5.91%	37.16%	21.31%	-22.78%	43.64%	74.60%	270.59%	-88.96%	-16.30%
NOPAT Q/Q Growth	3.48%	-10.66%	-38.39%	95.67%	16.10%	-21.83%	50.16%	60.56%	1,576.87%	-97.39%	-16.86%
Net Income Q/Q Growth	-8.00%	-21.05%	-36.67%	123.88%	15.52%	-30.95%	154.55%	135.71%	114.89%	-171.76%	-7.09%
EPS Q/Q Growth	-10.77%	-17.72%	-36.80%	123.21%	12.00%	-29.58%	153.57%	115.38%	115.85%	-172.57%	-7.09%
Operating Cash Flow Q/Q Growth	-24.87%	-28.41%	25.71%	44.83%	-42.23%	6.36%	80.15%	72.37%	-61.22%	-27.68%	60.36%
Free Cash Flow Firm Q/Q Growth	40.56%	68.68%	-9.05%	0.03%	-0.90%	-219.63%	-0.35%	0.05%	3,219.70%	-110.09%	-91.45%
Invested Capital Q/Q Growth	1.73%	1.48%	0.65%	3.48%	5.40%	26.92%	0.24%	1.76%	6.68%	-25.71%	-0.79%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	37.00%	35.80%	37.55%	37.95%	36.97%	36.75%	37.07%	35.99%	36.08%	38.07%	36.59%
EBITDA Margin	14.07%	14.57%	15.44%	15.63%	13.13%	12.16%	13.54%	11.32%	8.60%	6.55%	13.00%
Operating Margin	7.73%	7.75%	8.57%	9.48%	6.84%	6.13%	7.78%	5.58%	3.04%	0.22%	7.14%
EBIT Margin	7.78%	8.06%	9.30%	9.76%	7.33%	6.29%	7.98%	5.74%	3.30%	0.93%	7.91%
Profit (Net Income) Margin	3.53%	3.90%	4.63%	7.22%	3.32%	2.99%	4.24%	1.72%	0.73%	-5.13%	6.73%
Tax Burden Percent	75.82%	74.26%	70.37%	102.04%	74.44%	74.36%	71.79%	75.00%	66.67%	335.71%	110.08%
Interest Burden Percent	59.87%	65.16%	70.68%	72.41%	60.81%	63.93%	74.05%	40.00%	33.33%	-164.71%	77.27%
Effective Tax Rate	24.18%	25.74%	29.63%	-2.04%	25.56%	25.64%	26.50%	29.55%	19.05%	0.00%	22.69%
Return on Invested Capital (ROIC)	10.08%	10.33%	12.16%	19.40%	10.28%	9.62%	11.63%	7.94%	5.12%	0.38%	4.74%
ROIC Less NNEP Spread (ROIC-NNEP)	8.64%	9.16%	11.05%	17.50%	8.96%	8.42%	10.34%	6.14%	3.74%	-4.47%	5.57%
Return on Net Nonoperating Assets (RNNOA)	18.44%	19.60%	20.20%	35.92%	20.23%	18.71%	15.68%	10.22%	6.75%	-8.29%	11.30%
Return on Equity (ROE)	28.52%	29.93%	32.36%	55.32%	30.51%	28.33%	27.31%	18.15%	11.87%	-7.91%	16.04%
Cash Return on Invested Capital (CROIC)	4.62%	1.22%	-19.95%	-19.75%	-21.04%	-23.20%	26.66%	27.66%	30.29%	7.72%	9.31%
Operating Return on Assets (OROA)	8.05%	8.56%	10.49%	11.12%	8.26%	7.08%	8.16%	5.82%	3.26%	0.96%	3.39%
Return on Assets (ROA)	3.65%	4.14%	5.22%	8.22%	3.74%	3.36%	4.34%	1.75%	0.72%	-5.29%	2.88%
Return on Common Equity (ROCE)	28.52%	29.92%	32.36%	55.32%	30.51%	28.33%	27.31%	18.15%	11.87%	-7.91%	16.04%
Return on Equity Simple (ROE_SIMPLE)	23.72%	0.00%	22.55%	23.95%	18.17%	0.00%	3.09%	7.51%	18.20%	0.00%	49.38%
Net Operating Profit after Tax (NOPAT)	114	111	124	201	103	88	113	75	47	2.80	107
NOPAT Margin	5.86%	5.76%	6.03%	9.67%	5.09%	4.56%	5.72%	3.93%	2.46%	0.15%	5.52%
Net Nonoperating Expense Percent (NNEP)	1.43%	1.16%	1.11%	1.90%	1.33%	1.20%	1.29%	1.80%	1.38%	4.86%	-0.83%
Return On Investment Capital (ROIC_SIMPLE)	2.27%	2.22%	-	-	-	1.89%	-	-	-	0.08%	-
Cost of Revenue to Revenue	63.00%	64.20%	62.45%	62.05%	63.03%	63.25%	62.93%	64.01%	63.92%	61.93%	63.41%
SG&A Expenses to Revenue	21.90%	21.07%	21.04%	20.92%	22.35%	22.58%	22.47%	22.74%	24.70%	24.47%	23.95%
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	29.27%	28.04%	28.98%	28.48%	30.08%	30.62%	29.29%	30.41%	33.04%	37.85%	29.45%
Earnings before Interest and Taxes (EBIT)	152	155	191	203	148	122	158	110	63	17	154
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	275	280	317	325	265	236	268	217	164	120	253
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	7.69	9.54	7.63	8.24	10.62	8.02	7.23	6.11	3.49	3.79	2.87
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)	1.58	1.89	1.55	1.54	1.80	1.31	1.13	0.90	0.48	0.50	1.41
Price to Earnings (P/E)	32.42	39.45	33.82	34.40	58.48	53.75	234.00	81.38	19.19	5.76	5.81
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	3.08%	2.54%	2.96%	2.91%	1.71%	1.86%	0.43%	1.23%	5.21%	17.37%	17.22%
Enterprise Value to Invested Capital (EV/IC)	3.27	3.88	3.33	3.34	3.86	3.09	3.22	2.71	1.80	1.92	1.80
Enterprise Value to Revenue (EV/Rev)	1.97	2.28	1.92	1.93	2.20	1.70	1.42	1.19	0.77	0.77	2.05
Enterprise Value to EBITDA (EV/EBITDA)	13.20	15.51	13.60	14.16	17.56	14.86	14.07	12.02	7.25	7.17	12.13
Enterprise Value to EBIT (EV/EBIT)	22.54	26.41	23.41	24.55	32.17	29.03	31.08	26.35	14.16	13.67	24.95
Enterprise Value to NOPAT (EV/NOPAT)	28.60	34.09	30.01	30.49	45.43	40.66	52.62	44.14	22.50	21.97	35.21
Enterprise Value to Operating Cash Flow (EV/OCF)	19.62	22.78	17.87	18.40	22.69	18.95	16.93	13.45	8.31	7.17	13.37
Enterprise Value to Free Cash Flow (EV/FCFF)	73.37	334.67	0.00	0.00	0.00	0.00	10.81	8.70	5.25	24.93	18.97
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.07	2.12	2.08	2.26	2.54	2.69	2.10	2.25	2.41	2.50	1.63
Long-Term Debt to Equity	2.03	2.08	2.04	2.22	2.49	2.63	2.04	2.19	2.35	2.44	1.59
Financial Leverage	2.13	2.14	1.83	2.05	2.26	2.22	1.52	1.66	1.81	1.85	2.03
Leverage Ratio	5.21	5.30	5.06	5.38	5.84	6.04	5.01	5.31	5.91	6.97	6.08
Compound Leverage Factor	3.12	3.46	3.57	3.89	3.55	3.86	3.71	2.12	1.97	-11.48	4.70
Debt to Total Capital	67.44%	67.90%	67.52%	69.36%	71.77%	72.89%	67.74%	69.23%	70.69%	71.44%	61.95%
Short-Term Debt to Total Capital	1.21%	1.24%	1.35%	1.31%	1.34%	1.48%	1.78%	1.81%	1.83%	1.66%	1.28%
Long-Term Debt to Total Capital	66.23%	66.66%	66.17%	68.06%	70.43%	71.41%	65.96%	67.42%	68.85%	69.78%	60.67%
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	32.56%	32.08%	32.48%	30.64%	28.23%	27.11%	32.26%	30.77%	29.31%	28.56%	38.05%
Debt to EBITDA	2.84	2.85	2.98	3.10	3.43	3.85	3.27	3.34	3.11	3.07	4.71
Net Debt to EBITDA	2.66	2.65	2.65	2.87	3.20	3.38	2.81	2.95	2.74	2.51	3.83
Long-Term Debt to EBITDA	2.79	2.80	2.92	3.04	3.37	3.77	3.18	3.25	3.03	3.00	4.62
Debt to NOPAT	6.15	6.27	6.58	6.68	8.89	10.52	12.23	12.26	9.67	9.42	13.68
Net Debt to NOPAT	5.77	5.82	5.86	6.19	8.29	9.25	10.50	10.85	8.50	7.71	11.12
Long-Term Debt to NOPAT	6.04	6.16	6.45	6.55	8.72	10.31	11.90	11.94	9.42	9.20	13.39
Altman Z-Score	2.41	2.73	2.40	2.39	2.48	2.10	2.31	2.04	1.67	1.70	1.13
Noncontrolling Interest Sharing Ratio	0.00%	0.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.02	1.06	1.06	1.00	0.94	1.00	1.06	0.99	1.01	1.08	1.16
Quick Ratio	0.83	0.86	0.92	0.87	0.81	0.87	0.93	0.85	0.86	0.94	1.05
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-223	-374	-1,195	-1,096	-1,096	-1,087	908	911	911	-29	289
Operating Cash Flow to CapEx	73.96%	175.00%	214.63%	114.13%	48.50%	24.39%	177.44%	103.97%	35.19%	220.22%	248.62%
Free Cash Flow to Firm to Interest Expense	-3.65	-7.06	-21.34	-19.57	-18.90	-24.69	22.15	13.81	21.69	-0.65	8.27
Operating Cash Flow to Interest Expense	2.33	3.57	4.71	3.75	2.50	5.70	5.76	1.98	1.81	4.36	7.74
Operating Cash Flow Less CapEx to Interest Expense	-0.82	1.53	2.52	0.46	-2.66	-17.68	2.51	0.08	-3.33	2.38	4.63
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.03	1.06	1.13	1.14	1.13	1.13	1.02	1.01	0.99	1.03	0.43
Accounts Receivable Turnover	7.41	8.28	7.62	7.65	7.50	8.04	4.97	4.75	4.73	8.29	1.82
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	2.36	2.49	2.98	3.00	3.00	3.16	3.92	3.96	4.10	0.00	2.00
Accounts Payable Turnover	9.41	10.07	11.18	10.83	9.36	9.34	6.53	6.03	5.38	9.44	1.04
Days Sales Outstanding (DSO)	49.23	44.09	47.89	47.71	48.70	45.41	73.43	76.78	77.12	44.03	200.33
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)	38.80	36.26	32.65	33.71	38.99	39.07	55.86	60.57	67.86	38.66	352.40
Cash Conversion Cycle (CCC)	10.42	7.82	15.24	14.01	9.71	6.35	17.57	16.21	9.26	5.37	-152.07
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,825	4,743	4,674	4,644	4,488	4,258	3,355	3,347	3,289	3,083	4,150
Invested Capital Turnover	1.72	1.79	2.02	2.01	2.02	2.11	2.03	2.02	2.08	2.52	0.86
Increase / (Decrease) in Invested Capital	337	485	1,319	1,297	1,199	1,175	-795	-836	-864	32	-182
Enterprise Value (EV)	15,798	18,407	15,546	15,492	17,309	13,150	10,816	9,064	5,920	5,906	7,486
Market Capitalization	12,613	15,266	12,513	12,348	14,152	10,158	8,658	6,836	3,685	3,834	5,122
Book Value per Share	$13.99	$13.75	$14.10	$12.89	$11.48	$10.92	$10.32	$9.66	$9.13	$8.79	$15.53
Tangible Book Value per Share	($1.71)	($1.91)	($2.20)	($3.22)	($4.81)	($5.64)	($5.47)	($6.53)	($7.13)	($7.53)	($8.16)
Total Capital	5,037	4,988	5,052	4,893	4,718	4,670	3,710	3,637	3,599	3,544	4,694
Total Debt	3,397	3,387	3,411	3,394	3,386	3,404	2,513	2,518	2,544	2,532	2,908
Total Long-Term Debt	3,336	3,325	3,343	3,330	3,323	3,335	2,447	2,452	2,478	2,473	2,848
Net Debt	3,185	3,141	3,033	3,144	3,157	2,992	2,158	2,228	2,235	2,072	2,364
Capital Expenditures (CapEx)	192	108	123	184	299	1,029	133	126	216	89	109
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-122	-99	-219	-180	-260	-340	-198	-235	-224	-278	-95
Debt-free Net Working Capital (DFNWC)	90	147	159	70	-31	72	157	55	85	182	449
Net Working Capital (NWC)	29	85	91	6.00	-94	3.00	91	-11	19	123	389
Net Nonoperating Expense (NNE)	45	36	29	51	36	30	29	42	33	97	-24
Net Nonoperating Obligations (NNO)	3,185	3,142	3,033	3,145	3,156	2,992	2,158	2,228	2,234	2,071	2,364
Total Depreciation and Amortization (D&A)	123	125	126	122	117	114	110	107	101	103	99
Debt-free, Cash-free Net Working Capital to Revenue	-1.52%	-1.23%	-2.71%	-2.25%	-3.31%	-4.39%	-2.59%	-3.09%	-2.90%	-3.60%	-2.61%
Debt-free Net Working Capital to Revenue	1.12%	1.82%	1.97%	0.87%	-0.39%	0.93%	2.06%	0.72%	1.10%	2.36%	12.32%
Net Working Capital to Revenue	0.36%	1.05%	1.12%	0.07%	-1.20%	0.04%	1.19%	-0.14%	0.25%	1.59%	10.68%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.59	$0.65	$0.81	$1.29	$0.58	$0.50	$0.73	$0.28	$0.13	($0.82)	$1.14
Adjusted Weighted Average Basic Shares Outstanding	117M	116M	116M	116M	116M	116M	116M	116M	116M	115M	115M
Adjusted Diluted Earnings per Share	$0.58	$0.65	$0.79	$1.25	$0.56	$0.50	$0.71	$0.28	$0.13	($0.82)	$1.13
Adjusted Weighted Average Diluted Shares Outstanding	120M	120M	120M	120M	120M	118M	119M	118M	116M	116M	116M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.65	$0.00	$0.00	$0.00	$0.50	$0.00	$0.00	$0.00	($0.82)	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	117.81M	117.24M	116.40M	116.39M	116.33M	116.11M	115.97M	115.97M	115.86M	115.50M	115.16M
Normalized Net Operating Profit after Tax (NOPAT)	116	103	135	148	118	109	121	93	82	17	114
Normalized NOPAT Margin	5.94%	5.37%	6.58%	7.10%	5.83%	5.60%	6.09%	4.85%	4.29%	0.92%	5.84%
Pre Tax Income Margin	4.66%	5.25%	6.58%	7.07%	4.46%	4.02%	5.91%	2.30%	1.10%	-1.53%	6.12%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.49	2.92	3.41	3.63	2.55	2.77	3.85	1.67	1.50	0.38	4.40
NOPAT to Interest Expense	1.88	2.09	2.21	3.59	1.77	2.01	2.76	1.14	1.12	0.06	3.07
EBIT Less CapEx to Interest Expense	-0.66	0.89	1.21	0.34	-2.60	-20.61	0.61	-0.24	-3.64	-1.60	1.29
NOPAT Less CapEx to Interest Expense	-1.27	0.05	0.02	0.30	-3.38	-21.38	-0.48	-0.77	-4.02	-1.92	-0.04
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%	0.00%	0.00%

Frequently Asked Questions About XPO's Financials

When does XPO's financial year end?

According to the most recent income statement we have on file, XPO's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has XPO's net income changed over the last 9 years?

XPO's net income appears to be on an upward trend, with a most recent value of $387 million in 2024, falling from -$191.60 million in 2015. The previous period was $189 million in 2023. Find out what analysts predict for XPO in the coming months.

What is XPO's operating income?

XPO's total operating income in 2024 was $660 million, based on the following breakdown:

Total Gross Profit: $2.99 billion
Total Operating Expenses: $2.33 billion

How has XPO revenue changed over the last 9 years?

Over the last 9 years, XPO's total revenue changed from $7.62 billion in 2015 to $8.07 billion in 2024, a change of 5.9%.

How much debt does XPO have?

XPO's total liabilities were at $6.11 billion at the end of 2024, a 1.9% decrease from 2023, and a 36.2% decrease since 2015.

How much cash does XPO have?

In the past 9 years, XPO's cash and equivalents has ranged from $228 million in 2021 to $1.73 billion in 2020, and is currently $246 million as of their latest financial filing in 2024.

How has XPO's book value per share changed over the last 9 years?

Over the last 9 years, XPO's book value per share changed from 24.68 in 2015 to 13.75 in 2024, a change of -44.3%.

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This page (NYSE:XPO) was last updated on 5/21/2025 by MarketBeat.com Staff

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XPO (XPO) Financials

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XPO (XPO) Financials

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