GXO Logistics, Inc. (GXO) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 26	$0.37	$0.5	+35.1%	—	$3.3B	—
Q4 25	$0.83	$0.87	+4.8%	—	$3.5B	—
Q3 25	$0.78	$0.79	+1.3%	—	$3.4B	—
Q2 25	$0.56	$0.57	+1.8%	—	$3.3B	—
Q1 25	$0.25	$0.29	+16.0%	—	$3B	—
Q4 24	$0.95	$1	+5.3%	—	$3.3B	—
Q3 24	$0.77	$0.79	+2.6%	—	$3.2B	—
Q2 24	$0.55	$0.55	0.0%	—	$2.8B	—
Q1 24	$0.43	$0.45	+4.7%	—	$2.5B	—
Q4 23	$0.69	$0.7	+1.4%	—	$2.6B	—
Q3 23	$0.66	$0.69	+4.5%	—	$2.5B	—
Q2 23	$0.61	$0.7	+14.8%	—	$2.4B	—
Q1 23	$0.43	$0.49	+14.0%	—	$2.3B	—
Q4 22	$0.75	$0.83	+10.7%	—	$2.5B	—
Q3 22	$0.69	$0.75	+8.7%	—	$2.3B	—
Q2 22	$0.61	$0.68	+11.5%	—	$2.2B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.28	—	—	$13.2B	—
FY24	—	$1.12	—	—	$11.7B	—
FY23	—	$1.93	—	—	$9.8B	—
FY22	—	$1.68	—	—	$9B	—
FY21

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$6.1B	$6.1B	$6.2B	$7.9B	$9B	$9.8B	$11.7B	$13.2B
YoY change	—	+0.48%	+1.66%	+28.2%	+13.3%	+8.73%	+19.7%	+12.5%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	6.1B	6.1B	6.2B	7.9B	9B	9.8B	11.7B	13.2B
Cost of revenue	5.4B	5.4B	5.5B	7B	7.8B	8.4B	10.3B	11.6B
Gross profit	687M	680M	703M	968M	1.2B	1.4B	1.4B	1.5B
Gross margin	11.3%	11.2%	11.3%	12.2%	13.6%	14.1%	12.3%	11.6%
Research & development	—	—	—	—	—	—	—	—
Selling, general & administrative	528M	514M	611M	714M	886M	998M	1.1B	1.1B
Operating expenses	528M	514M	611M	714M	886M	998M	1.1B	1.1B
Operating income	159M	166M	92M	254M	335M	384M	380M	425M
Operating margin	2.62%	2.72%	1.49%	3.2%	3.73%	3.93%	3.25%	3.23%
Non-operating income, net	-3M	-15M	-74M	-80M	-42M	-65M	-131M	-188M
Pretax income	126M	118M	-6M	153M	264M	266M	146M	104M
Income tax	36M	37M	16M	-8M	64M	33M	8M	68M
Net income	90M	81M	-22M	161M	200M	233M	138M	36M
Net margin	1.48%	1.33%	-0.36%	2.03%	2.22%	2.38%	1.18%	0.27%
EBITDA	433M	469M	417M	612M	700M	755M	823M	897M
EPS	0.61	0.52	-0.27	1.33	1.68	1.93	1.12	0.28
Diluted EPS	0.61	0.52	-0.27	1.32	1.67	1.92	1.12	0.28

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	2.5B	2.6B	2.5B	2.8B	3.2B	3.3B	3B	3.3B	3.4B	3.5B	3.3B	3.4B
Cost of revenue	2.1B	2.3B	2.1B	2.5B	2.8B	2.9B	2.7B	2.9B	3B	3.1B	2.9B	3B
Gross profit	358M	337M	308M	358M	375M	400M	310M	376M	420M	425M	375M	391M
Gross margin	14.5%	13%	12.5%	12.6%	11.9%	12.3%	10.4%	11.4%	12.4%	12.1%	11.4%	11.4%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	258M	237M	249M	270M	265M	277M	261M	272M	285M	288M	296M	295M
Operating expenses	258M	237M	249M	270M	265M	277M	261M	272M	285M	288M	296M	295M
Operating income	100M	100M	59M	88M	110M	123M	49M	104M	135M	137M	79M	96M
Operating margin	4.05%	3.86%	2.4%	3.09%	3.48%	3.78%	1.65%	3.15%	3.98%	3.91%	2.4%	2.79%
Non-operating income, net	6M	-20M	-84M	-12M	-35M	8M	-110M	-25M	-12M	-41M	-29M	-13M
Pretax income	83M	68M	-46M	53M	42M	97M	-93M	43M	88M	66M	17M	48M
Income tax	15M	-5M	-10M	14M	7M	-3M	2M	15M	28M	23M	12M	21M
Net income	68M	73M	-36M	39M	35M	100M	-95M	28M	60M	43M	5M	27M
Net margin	2.75%	2.82%	-1.47%	1.37%	1.11%	3.08%	-3.19%	0.85%	1.77%	1.23%	0.15%	0.78%
EBITDA	205M	197M	157M	203M	238M	217M	174M	227M	267M	229M	211M	228M
EPS	0.55	0.61	-0.31	0.32	0.28	0.84	-0.81	0.23	0.52	0.38	0.03	0.22
Diluted EPS	0.55	0.61	-0.31	0.32	0.28	0.83	-0.81	0.23	0.51	0.37	0.03	0.22

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	—	10.4B	5B	7.3B	5.2B	6.1B	5.1B
Enterprise value	—	—	—	12.9B	8.7B	10.9B	10B	11.1B	10.6B
Shares outstanding	114.6M	114.6M	114.6M	114.6M	117M	118.9M	119.4M	115.7M	115.7M

Valuation

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	64.7	25	31.2	37.6	169.1	40
P/S	—	—	—	1.31	0.56	0.74	0.44	0.46	0.38
P/B	—	—	—	4.36	1.87	2.47	1.71	2.02	1.74
EV/EBITDA	—	—	—	21.1	12.5	14.4	12.1	12.4	11.2
EV/Sales	—	—	—	1.62	0.97	1.11	0.85	0.84	0.78
Earnings yield	—	—	—	1.55%	4%	3.2%	2.66%	0.59%	2.5%
FCF yield	—	—	—	1.97%	4%	3.91%	3.66%	1.81%	6.63%
PEG	—	—	—	—	—	—	—	—	-9.2

Profitability

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	11.3%	11.2%	11.3%	12.2%	13.6%	14.1%	12.3%	11.6%	11.4%
Operating margin	2.62%	2.72%	1.49%	3.2%	3.73%	3.93%	3.25%	3.23%	2.99%
Net margin	1.48%	1.33%	-0.36%	2.03%	2.22%	2.38%	1.18%	0.27%	0.96%
ROE	—	3%	-0.75%	6.74%	7.47%	7.91%	4.55%	1.19%	4.5%
ROA	—	1.32%	-0.34%	2.21%	2.17%	2.45%	1.22%	0.29%	2.42%
ROIC	—	2.46%	1.95%	5.22%	3.96%	5.12%	4.61%	1.84%	3.29%
Return on tangible assets	—	5.41%	-1.21%	5.91%	7.62%	8.99%	6.28%	1.25%	4.17%

Financial health

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	—	1	1.06	0.9	0.96	0.98	0.83	0.85	0.79
Quick ratio	—	1	1.06	0.9	0.96	0.98	0.83	0.85	0.79
Debt / equity	—	0.79	0.71	1.17	1.58	1.39	1.71	1.94	2.02
Debt / assets	—	0.35	0.32	0.39	0.46	0.43	0.46	0.48	0.49
Net debt / EBITDA	—	4.12	4.26	4.04	5.32	4.79	5.79	5.57	5.72
Interest coverage	5.2	4.58	0.75	8.29	10.1	6.02	2.42	1.78	2.62
Effective tax rate	28.6%	31.4%	0%	0%	24.2%	12.4%	5.48%	65.4%	38.4%

Per share

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	52.9	53.2	54.1	69.3	76.8	82.2	98.1	113.9	119
EPS (basic)	0.61	0.52	-0.27	1.33	1.68	1.93	1.12	0.28	0.28
EPS (diluted)	0.61	0.52	-0.27	1.32	1.67	1.92	1.12	0.28	1.13
Book value per share	—	23.5	25.7	20.8	22.9	24.8	25.4	26.1	26
FCF per share	0.57	-0.67	0.97	1.79	1.71	2.39	1.59	0.95	1.56
Cash per share	—	1.75	2.86	2.9	4.23	3.94	3.46	7.38	6.71
Capex per share	2.09	0.13	0.1	0.1	0.34	0.15	0.51	2.8	2.84

Capital allocation

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	3.96%	0.25%	0.19%	0.14%	0.44%	0.18%	0.52%	2.46%	2.41%
Capex / operating cash flow	78.2%	5.81%	7.23%	4.14%	7.46%	2.91%	9.5%	74.7%	64.6%
Payout ratio	—	—	—	—	—	—	—	—	0%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	200M	328M	333M	495M	468M	413M	854M
Receivables	1.1B	1.2B	1.5B	1.6B	1.8B	1.8B	2B
Inventory	—	—	—	—	—	—	—
Total current assets	1.5B	1.8B	2.1B	2.4B	2.6B	2.6B	3.3B
Property, plant & equipment	1.9B	1.9B	2.3B	3.2B	3.2B	3.5B	3.7B
Goodwill & intangibles	4.7B	4.7B	4.5B	6.6B	6.9B	9.1B	9.4B
Total assets	6.2B	6.5B	7.3B	9.2B	9.5B	11.3B	12.3B
Accounts payable	413M	415M	624M	717M	709M	776M	758M
Short-term debt	367M	390M	487M	627M	624M	757M	1.2B
Total current liabilities	1.5B	1.7B	2.3B	2.5B	2.6B	3.2B	3.9B
Long-term debt	1.8B	1.7B	2.3B	3.6B	3.5B	4.4B	4.7B
Total liabilities	3.5B	3.6B	4.9B	6.5B	6.6B	8.2B	9.2B
Shareholders' equity	2.7B	2.9B	2.4B	2.7B	2.9B	3B	3B
Total debt	2.1B	2.1B	2.8B	4.2B	4.1B	5.2B	5.9B
Net debt	1.9B	1.8B	2.5B	3.7B	3.6B	4.8B	5B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	473M	468M	423M	469M	548M	413M	288M	205M	339M	854M	794M	769M
Receivables	1.7B	1.8B	1.7B	1.9B	2B	1.8B	1.9B	1.9B	2B	2B	2B	2.1B
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	2.5B	2.6B	2.5B	2.8B	3B	2.6B	2.6B	2.6B	2.8B	3.3B	3.2B	3.3B
Property, plant & equipment	3.1B	3.2B	3.1B	3.4B	3.7B	3.5B	3.6B	3.9B	3.8B	3.7B	3.8B	4B
Goodwill & intangibles	6.5B	6.9B	6.8B	9.2B	9.5B	9.1B	9.2B	9.7B	9.5B	9.4B	9.2B	9.1B
Total assets	9.1B	9.5B	9.4B	11.4B	11.9B	11.3B	11.3B	11.9B	11.9B	12.3B	12.2B	12.4B
Accounts payable	597M	709M	615M	690M	748M	776M	720M	691M	716M	758M	713M	707M
Short-term debt	587M	624M	723M	891M	904M	757M	856M	822M	1.3B	1.2B	1.2B	1.5B
Total current liabilities	2.4B	2.6B	2.6B	3.3B	3.4B	3.2B	3.4B	3.4B	3.9B	3.9B	3.8B	4.1B
Long-term debt	3.4B	3.5B	3.3B	4.5B	4.6B	4.4B	4.5B	4.7B	4.2B	4.7B	4.7B	4.6B
Total liabilities	6.3B	6.6B	6.5B	8.4B	8.8B	8.2B	8.4B	9B	8.9B	9.2B	9.2B	9.3B
Shareholders' equity	2.8B	2.9B	2.9B	2.9B	3.1B	3B	2.9B	3B	3B	3B	3B	3B
Total debt	4B	4.1B	4.1B	5.4B	5.5B	5.2B	5.3B	5.6B	5.5B	5.9B	6B	6.1B
Net debt	3.5B	3.6B	3.6B	5B	5B	4.8B	5B	5.4B	5.2B	5B	5.2B	5.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	90M	81M	-22M	161M	200M	233M	138M	36M
Depreciation & amortization	261M	302M	323M	335M	329M	361M	415M	457M
Stock-based compensation	—	23M	25M	28M	33M	35M	39M	47M
Change in working capital	-64M	-163M	-131M	-186M	-2M	8M	87M	-128M
Operating cash flow	307M	258M	166M	266M	536M	619M	642M	434M
Capital expenditure	-240M	15M	12M	11M	40M	18M	61M	-324M
Investing cash flow	-240M	75M	-58M	43M	-807M	-136M	-798M	-345M
Dividends paid	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	—	—	-200M
Financing cash flow	-38M	-102M	67M	-241M	787M	-186M	636M	111M
Net change in cash	29M	231M	175M	68M	516M	297M	480M	200M
Free cash flow	65M	-77M	111M	205M	200M	284M	190M	110M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	68M	73M	-36M	39M	35M	100M	-95M	28M	60M	43M	5M	27M
Depreciation & amortization	101M	93M	92M	99M	111M	113M	109M	110M	118M	120M	115M	117M
Stock-based compensation	7M	10M	8M	11M	11M	9M	12M	11M	11M	13M	10M	13M
Change in working capital	-13M	139M	-78M	44M	34M	87M	-46M	-48M	-33M	-1M	-67M	-76M
Operating cash flow	157M	310M	-2M	175M	171M	298M	-25M	3M	232M	170M	31M	76M
Capital expenditure	3M	5M	6M	4M	6M	45M	1M	-47M	-144M	-55M	-65M	-65M
Investing cash flow	3M	-144M	-9M	-844M	6M	45M	1M	-47M	-144M	-78M	-65M	-65M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	—	-106M	-94M	0	0	0	-18M
Financing cash flow	-15M	-16M	-8M	-207M	-25M	-193M	-122M	-225M	-39M	377M	-33M	-36M
Net change in cash	145M	150M	-19M	-876M	152M	150M	-146M	-269M	49M	469M	-67M	-25M
Free cash flow	188M	146M	-23M	27M	104M	82M	-49M	-44M	88M	115M	-34M	11M

GXO Logistics, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement