XPO, Inc. (XPO) Stock Analysis
Industrials · Trucking · NYSE
XPO, Inc. (XPO) posted $8.16B in revenue for fiscal 2025 (up 1.1% year over year), at a 3.9% net margin, and has compounded revenue about 5.7%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on XPO, Inc.
XPO, Inc. has grown revenue from $14.62B to $8.16B over the last 10 fiscal years, compounding about 5.7% a year. The most recent year was up 1.1%, so growth has cooled from its longer-run pace.
Net margin sits at 3.9%, down 0.9 points year over year. It carries about $3.25B of total debt.
At today's valuation the market is pricing in roughly 26.3% annual free-cash-flow growth — versus the 18.8% it actually delivered over the last five years, so the price already assumes a step-up from the recent record. The one thing worth a second look in the filings is net margin shrinking.
Synthesised from XPO, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
XPO, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.62B | $15.38B | $17.28B | $10.68B | $6.17B | $7.20B | $7.72B | $7.74B | $8.07B | $8.16B |
| Gross profit | $6.73B | $7.25B | $8.27B | $2.38B | $-1.68B | — | — | — | — | — |
| Net income | $69.00M | $340.00M | $422.00M | $419.00M | $110.00M | $336.00M | $666.00M | $189.00M | $387.00M | $316.00M |
| Net margin | 0.5% | 2.2% | 2.4% | 3.9% | 1.8% | 4.7% | 8.6% | 2.4% | 4.8% | 3.9% |
Source: XPO, Inc. SEC filings (10-K). 17 years of history available in the interactive view.
XPO, Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Net margin shrinkingNet margin fell from 8.6% to 3.9% over ~3 years — profitability is compressing.
What growth is priced into XPO stock?
At today's market cap of $25.59B, XPO, Inc. is priced for free-cash-flow growth of about 26.3% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $329.00M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 18.8%/yr over the last five fiscal years and revenue 5.7%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 17 years of XPO, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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XPO, Inc. financial history by metric
Compare XPO, Inc. with peers
About XPO, Inc.
XPO, Inc., together with its subsidiaries, provides freight transportation services in the United States, North America, France, the United Kingdom, and rest of Europe. The company operates in two segments, North American Less-Than-Truckload (LTL) and European Transportation. The North American LTL segment provides shippers with geographic density and day-definite domestic and cross-border services to the U.S., Mexico, Canada, and the Caribbean. The European Transportation segment offers dedicated truckload, LTL, truck brokerage, managed transportation, last mile, freight forwarding, and warehousing and multimodal solutions to an extensive base of customers within the consumer, trade, and industrial markets. The company was formerly known as XPO Logistics, Inc. and changed its name to XPO, Inc. in December 2022. The company was founded in 1989 and is based in Greenwich, Connecticut.
XPO, Inc. — frequently asked questions
What is XPO, Inc.'s revenue?
XPO, Inc. (XPO) reported revenue of $8.16B for fiscal year 2025, up 1.1% from the prior year, according to its SEC filings.
Is XPO, Inc. profitable?
Yes. XPO earned net income of $316.00M in fiscal 2025, a net margin of 3.9%.
What is XPO's P/E ratio?
XPO, Inc. trades at a price-to-earnings ratio of about 74.9 based on the latest data in our nightly-refreshed cache.
How fast is XPO, Inc. growing?
XPO's revenue grew at roughly 5.7% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does XPO, Inc. have?
As of fiscal year 2025, XPO carried roughly $3.25B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is XPO, Inc.'s market cap?
XPO, Inc. (XPO) has a market capitalization of about $25.59B, based on the latest data in our nightly-refreshed cache.
When does XPO, Inc.'s fiscal year end?
XPO's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into XPO stock?
At today's market cap of $25.59B, XPO, Inc. is priced for free-cash-flow growth of about 26.3% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $329.00M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 18.8%/yr over the last five fiscal years and revenue 5.7%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from XPO, Inc.'s official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.