XPO (XPO) Financials

$95.71 -1.75 (-1.80%)

As of 12:45 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-191	69	340	422	419	110	336	666	189	387
Consolidated Net Income / (Loss)	-192	85	360	444	440	117	341	666	189	387
Net Income / (Loss) Continuing Operations	-192	85	360	444	241	-110	96	184	192	387
Total Pre-Tax Income	-283	107	261	566	301	-164	107	258	260	473
Total Operating Income	-29	464	582	704	561	97	312	377	438	660
Total Gross Profit	1,085	6,732	7,249	8,266	2,136	1,310	2,346	2,809	2,825	2,994
Total Revenue	7,623	14,619	15,381	17,279	10,681	6,168	7,202	7,718	7,744	8,072
Operating Revenue	7,623	14,619	15,381	17,279	10,681	6,168	7,202	7,718	7,744	8,072
Total Cost of Revenue	6,538	7,887	8,132	9,013	8,545	4,858	4,856	4,909	4,919	5,078
Operating Cost of Revenue	6,538	7,887	8,132	9,013	8,545	4,858	4,856	4,909	4,919	5,078
Total Operating Expenses	1,113	6,268	6,667	7,562	1,575	1,213	2,034	2,432	2,387	2,333
Selling, General & Admin Expense	1,113	6,268	6,667	7,562	1,068	746	1,666	1,870	1,790	1,723
Depreciation Expense	-	-	-	-	467	378	385	392	432	490
Other Operating Expenses / (Income)	-	-	-	-	-	-	-	58	60	80
Impairment Charge	-	-	-	-	-	0.00	0.00	64	0.00	0.00
Restructuring Charge	-	-	-	-	40	89	55	108	102	80
Other Special Charges / (Income)	-	-	-	-	-	-	-72	-60	3.00	-40
Total Other Income / (Expense), net	-254	-357	-321	-138	-260	-261	-205	-119	-178	-186
Interest Expense	217	431	320	244	273	308	265	174	193	223
Other Income / (Expense), net	-37	74	-1.00	106	13	47	60	55	15	37
Income Tax Expense	-91	22	-99	122	60	-54	11	74	68	86
Net Income / (Loss) Discontinued Operations	-	-	-	-	199	227	245	482	-3.00	0.00
Basic Earnings per Share	($2.65)	$0.57	$2.72	$3.17	$3.95	$0.87	$2.99	$5.79	$1.64	$3.33
Weighted Average Basic Shares Outstanding	92.80M	110M	115M	123M	96M	92M	112M	115M	116M	116M
Diluted Earnings per Share	($2.65)	$0.53	$2.45	$2.88	$3.57	$0.87	$2.93	$5.76	$1.60	$3.23
Weighted Average Diluted Shares Outstanding	92.80M	123M	128M	135M	106M	92M	114M	116M	118M	120M
Weighted Average Basic & Diluted Shares Outstanding	72.10M	121.10M	125M	133.10M	92.36M	102.20M	114.79M	115.50M	116.11M	117.24M

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

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

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	108	-84	-155	-18	64	58	-183	21	129	-87
Net Cash From Operating Activities	271	196	76	131	236	251	145	210	264	189
Net Cash From Continuing Operating Activities	271	196	76	131	236	251	145	210	264	189
Net Income / (Loss) Continuing Operations	92	-36	17	31	86	58	67	150	95	75
Consolidated Net Income / (Loss)	131	-94	14	33	84	58	67	150	95	75
Depreciation Expense	99	103	101	107	110	114	117	122	126	125
Non-Cash Adjustments To Reconcile Net Income	19	91	39	43	26	30	21	27	19	2.00
Changes in Operating Assets and Liabilities, net	61	38	-81	-50	14	49	-60	-90	23	-10
Net Cash From Investing Activities	-99	-89	-216	-126	-131	-1,029	-299	-184	-115	-104
Net Cash From Continuing Investing Activities	-99	-89	-216	-126	-131	-1,029	-299	-184	-115	-104
Purchase of Property, Plant & Equipment	-112	-167	-224	-131	-139	-1,039	-306	-190	-127	-166
Sale of Property, Plant & Equipment	3.00	78	8.00	5.00	6.00	10	7.00	6.00	4.00	58
Sale and/or Maturity of Investments	10	-	-	-	-	-	-	-	-	4.00
Net Cash From Financing Activities	-33	-155	-10	-26	-36	833	-29	-6.00	-24	-167
Net Cash From Continuing Financing Activities	-33	-155	-10	-26	-36	833	-29	-5.00	-24	-168
Repayment of Debt	-33	-453	2.00	-2,003	-36	-145	-14	-3.00	-20	-59
Other Financing Activities, net	-	-14	-12	-	-	-7.00	-15	-2.00	-4.00	-108
Effect of Exchange Rate Changes	-11	7.00	2.00	3.00	-3.00	3.00	0.00	-	5.00	-5.00
Cash Interest Paid	21	51	39	51	19	76	25	76	47	75
Cash Income Taxes Paid	-7.00	23	3.00	15	18	-2.00	3.00	29	39	19

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

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

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

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

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

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

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

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 4/15/2025 by MarketBeat.com Staff

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XPO (XPO) Financials

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XPO (XPO) Financials

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