NYSE : GXO
GXO Logistics, Inc. — Financial statements
Industrials · Integrated Freight & Logistics · United States
Last price 50.27 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 5.77B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
GXO Logistics, Inc. (GXO) reported revenue of 13.64B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 13.64B | 13.18B | 11.71B | 9.78B | 8.99B | 7.94B |
| Cost of Revenue | 11.56B | 11.19B | 9.85B | 8.04B | 7.44B | 6.64B |
| Gross Profit | 2.08B | 1.99B | 1.86B | 1.74B | 1.55B | 1.30B |
| Selling, General & Admin | 1.14B | 1.09B | 1.04B | 998.00M | 853.00M | 714.00M |
| Operating Expenses | 1.61B | 1.54B | 1.46B | 1.36B | 1.18B | 1.05B |
| Operating Income | 471.00M | 444.00M | 401.00M | 384.00M | 368.00M | 254.00M |
| Interest Expense | -174.00M | -175.00M | -148.00M | -53.00M | -29.00M | -21.00M |
| Interest & Investment Income | 8.00M | 7.00M | 6.00M | |||
| Currency Exchange Gain (Loss) | 39.00M | 12.00M | 42.00M | 17.00M | ||
| Other Non Operating Income (Expenses) | -4.00M | -75.00M | -33.00M | 1.00M | 23.00M | |
| EBT Excluding Unusual Items | 340.00M | 213.00M | 301.00M | 298.00M | 357.00M | 256.00M |
| Merger & Restructuring Charges | -64.00M | -75.00M | -94.00M | -25.00M | -32.00M | -4.00M |
| Gain (Loss) on Sale of Assets | -57.00M | -34.00M | -2.00M | -7.00M | ||
| Legal Settlements | -59.00M | |||||
| Other Unusual Items | -61.00M | -99.00M | ||||
| Pretax Income | 219.00M | 104.00M | 146.00M | 266.00M | 264.00M | 153.00M |
| Income Tax Expense | 84.00M | 68.00M | 8.00M | 33.00M | 64.00M | -8.00M |
| Earnings From Continuing Operations | 135.00M | 36.00M | 138.00M | 233.00M | 200.00M | 161.00M |
| Minority Interest in Earnings | -4.00M | -4.00M | -4.00M | -4.00M | -3.00M | -8.00M |
| Net Income | 131.00M | 32.00M | 134.00M | 229.00M | 197.00M | 153.00M |
| Net Income to Common | 131.00M | 32.00M | 134.00M | 229.00M | 197.00M | 153.00M |
| Shares Outstanding (Basic) | 114.66M | 115.68M | 119.41M | 118.91M | 117.05M | 114.63M |
| Shares Outstanding (Diluted) | 115.75M | 116.30M | 119.80M | 119.49M | 117.62M | 115.60M |
| EPS (Basic) | 1.14 | 0.28 | 1.12 | 1.93 | 1.68 | 1.33 |
| EPS (Diluted) | 1.14 | 0.28 | 1.12 | 1.92 | 1.67 | 1.32 |
| Free Cash Flow | 180.00M | 110.00M | 190.00M | 284.00M | 200.00M | 205.00M |
| Free Cash Flow Per Share | 1.55 | 0.95 | 1.59 | 2.38 | 1.70 | 1.77 |
| Gross Margin | 15.25% | 15.09% | 15.85% | 17.83% | 17.24% | 16.41% |
| Operating Margin | 3.45% | 3.37% | 3.43% | 3.93% | 4.09% | 3.20% |
| Profit Margin | 0.96% | 0.24% | 1.14% | 2.34% | 2.19% | 1.93% |
| Free Cash Flow Margin | 1.32% | 0.83% | 1.62% | 2.90% | 2.22% | 2.58% |
| EBITDA | 941.00M | 901.00M | 816.00M | 745.00M | 697.00M | 589.00M |
| EBITDA Margin | 6.90% | 6.84% | 6.97% | 7.62% | 7.75% | 7.42% |
| D&A For EBITDA | 470.00M | 457.00M | 415.00M | 361.00M | 329.00M | 335.00M |
| EBIT | 471.00M | 444.00M | 401.00M | 384.00M | 368.00M | 254.00M |
| EBIT Margin | 3.45% | 3.37% | 3.43% | 3.93% | 4.09% | 3.20% |
| Effective Tax Rate | 38.36% | 65.39% | 5.48% | 12.41% | 24.24% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 769.00M | 854.00M | 413.00M | 468.00M | 495.00M | 333.00M |
| Trading Asset Securities | 2.00M | |||||
| Cash & Short-Term Investments | 769.00M | 854.00M | 413.00M | 470.00M | 495.00M | 333.00M |
| Receivables | 2.10B | 2.06B | 1.84B | 1.77B | 1.67B | 1.51B |
| Other Current Assets | 376.00M | 370.00M | 392.00M | 324.00M | 261.00M | 259.00M |
| Total Current Assets | 3.25B | 3.29B | 2.64B | 2.57B | 2.43B | 2.10B |
| Property, Plant & Equipment | 3.96B | 3.71B | 3.49B | 3.15B | 3.19B | 2.63B |
| Long-Term Investments | 3.00M | 3.00M | 9.00M | |||
| Goodwill | 3.73B | 3.78B | 3.55B | 2.89B | 2.73B | 2.02B |
| Other Intangible Assets | 839.00M | 909.00M | 986.00M | 567.00M | 570.00M | 257.00M |
| Long-Term Accounts Receivable | 254.00M | 235.00M | 196.00M | 160.00M | 165.00M | |
| Long-Term Deferred Tax Assets | 128.00M | 89.00M | 74.00M | 43.00M | 48.00M | |
| Other Long-Term Assets | 339.00M | 207.00M | 313.00M | 90.00M | 89.00M | 215.00M |
| Total Assets | 12.37B | 12.26B | 11.27B | 9.51B | 9.22B | 7.27B |
| Accounts Payable | 707.00M | 758.00M | 776.00M | 709.00M | 717.00M | 624.00M |
| Accrued Expenses | 1.45B | 1.49B | 1.27B | 966.00M | 995.00M | 998.00M |
| Current Portion of Long-Term Debt | 677.00M | 401.00M | 71.00M | 1.00M | 32.00M | |
| Current Portion of Leases | 853.00M | 790.00M | 686.00M | 623.00M | 595.00M | 487.00M |
| Current Unearned Revenue | 272.00M | 279.00M | 272.00M | 210.00M | 154.00M | |
| Other Current Liabilities | 167.00M | 155.00M | 113.00M | 117.00M | 39.00M | 220.00M |
| Total Current Liabilities | 4.12B | 3.88B | 3.19B | 2.63B | 2.53B | 2.33B |
| Long-Term Debt | 2.05B | 2.34B | 2.28B | 1.53B | 1.64B | 794.00M |
| Long-Term Leases | 2.54B | 2.33B | 2.13B | 1.93B | 1.95B | 1.52B |
| Long-Term Unearned Revenue | 110.00M | 101.00M | 128.00M | 115.00M | 134.00M | |
| Long-Term Deferred Tax Liabilities | 224.00M | 256.00M | 141.00M | 160.00M | 71.00M | |
| Other Long-Term Liabilities | 529.00M | 384.00M | 239.00M | 217.00M | 123.00M | 163.00M |
| Total Liabilities | 9.35B | 9.25B | 8.23B | 6.56B | 6.54B | 4.88B |
| Common Stock | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M |
| Additional Paid-In Capital | 2.68B | 2.67B | 2.63B | 2.60B | 2.58B | 2.35B |
| Retained Earnings | 747.00M | 718.00M | 686.00M | 552.00M | 323.00M | 126.00M |
| Treasury Stock | -218.00M | -202.00M | ||||
| Comprehensive Income & Other | -223.00M | -201.00M | -313.00M | -239.00M | -254.00M | -130.00M |
| Total Common Equity | 2.99B | 2.98B | 3.00B | 2.91B | 2.65B | 2.35B |
| Minority Interest | 35.00M | 32.00M | 32.00M | 34.00M | 33.00M | 39.00M |
| Shareholders' Equity | 3.02B | 3.02B | 3.04B | 2.95B | 2.68B | 2.39B |
| Total Liabilities & Equity | 12.37B | 12.26B | 11.27B | 9.51B | 9.22B | 7.27B |
| Total Debt | 6.12B | 5.85B | 5.18B | 4.09B | 4.22B | 2.81B |
| Net Cash (Debt) | -5.35B | -5.00B | -4.76B | -3.62B | -3.72B | -2.47B |
| Net Cash Per Share | -46.22 | -42.99 | -39.76 | -30.26 | -31.66 | -21.38 |
| Filing Date Shares Outstanding | 114.68M | 114.71M | 119.52M | 119.26M | 118.78M | 114.72M |
| Total Common Shares Outstanding | 114.77M | 114.51M | 119.50M | 119.06M | 118.73M | 114.66M |
| Working Capital | -868.00M | -587.00M | -548.00M | -58.00M | -104.00M | -230.00M |
| Book Value Per Share | 26.03 | 26.05 | 25.13 | 24.46 | 22.28 | 20.50 |
| Tangible Book Value | -1.58B | -1.71B | -1.53B | -546.00M | -653.00M | 77.00M |
| Tangible Book Value Per Share | -13.76 | -14.91 | -12.82 | -4.59 | -5.50 | 0.67 |
| Land | 589.00M | 515.00M | 440.00M | 364.00M | 7.00M | |
| Buildings | 326.00M | |||||
| Machinery | 2.25B | 1.98B | 1.70B | 1.67B | 1.44B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 131.00M | 32.00M | 134.00M | 229.00M | 197.00M | 153.00M |
| Depreciation & Amortization | 470.00M | 457.00M | 415.00M | 361.00M | 329.00M | 335.00M |
| Asset Writedown & Restructuring Costs | 25.00M | 25.00M | ||||
| Stock-Based Compensation | 47.00M | 47.00M | 39.00M | 35.00M | 33.00M | 28.00M |
| Other Operating Activities | -6.00M | -15.00M | -33.00M | -14.00M | -21.00M | -64.00M |
| Change in Accounts Receivable | -169.00M | -88.00M | 118.00M | -17.00M | -71.00M | -243.00M |
| Change in Accounts Payable | 46.00M | -61.00M | 23.00M | -3.00M | 45.00M | 114.00M |
| Change in Other Net Operating Assets | -35.00M | 37.00M | -147.00M | -33.00M | 30.00M | 132.00M |
| Operating Cash Flow | 509.00M | 434.00M | 549.00M | 558.00M | 542.00M | 455.00M |
| Capital Expenditures | -329.00M | -324.00M | -359.00M | -274.00M | -342.00M | -250.00M |
| Sale of Property, Plant & Equipment | 151.00M | 149.00M | 61.00M | 18.00M | 40.00M | 11.00M |
| Cash Acquisitions | -863.00M | -149.00M | -876.00M | 32.00M | ||
| Other Investing Activities | -21.00M | -21.00M | 4.00M | -5.00M | 29.00M | |
| Investing Cash Flow | -199.00M | -196.00M | -1.16B | -410.00M | -1.15B | -207.00M |
| Long-Term Debt Issued | 577.00M | 1.10B | 917.00M | 794.00M | ||
| Total Debt Issued | 506.00M | 577.00M | 1.10B | 917.00M | 794.00M | |
| Short-Term Debt Repaid | -26.00M | |||||
| Long-Term Debt Repaid | -255.00M | -453.00M | -169.00M | -115.00M | -72.00M | |
| Total Debt Repaid | -199.00M | -255.00M | -453.00M | -169.00M | -115.00M | -98.00M |
| Net Debt Issued (Repaid) | 307.00M | 322.00M | 643.00M | -169.00M | 802.00M | 696.00M |
| Repurchase of Common Stock | -37.00M | -209.00M | -8.00M | -12.00M | -16.00M | -1.00M |
| Other Financing Activities | -1.00M | -2.00M | 1.00M | -5.00M | 1.00M | -936.00M |
| Financing Cash Flow | 276.00M | 111.00M | 636.00M | -186.00M | 787.00M | -241.00M |
| Foreign Exchange Rate Adjustments | -20.00M | 23.00M | -13.00M | 13.00M | -18.00M | -2.00M |
| Net Cash Flow | 566.00M | 372.00M | 15.00M | -25.00M | 162.00M | 5.00M |
| Free Cash Flow | 180.00M | 110.00M | 190.00M | 284.00M | 200.00M | 205.00M |
| Free Cash Flow Margin | 1.32% | 0.83% | 1.62% | 2.90% | 2.22% | 2.58% |
| Free Cash Flow Per Share | 1.55 | 0.95 | 1.59 | 2.38 | 1.70 | 1.77 |
| Levered Free Cash Flow | 340.62M | 394.12M | 553.12M | 260.88M | 127.88M | 521.62M |
| Unlevered Free Cash Flow | 449.38M | 503.50M | 645.62M | 294.00M | 146.00M | 534.75M |
| Cash Income Tax Paid | 59.00M | 59.00M | 43.00M | 84.00M | 111.00M | 75.00M |
| Change in Working Capital | -158.00M | -112.00M | -6.00M | -53.00M | 4.00M | 3.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.98B | 6.03B | 5.20B | 7.28B | 5.06B | 10.41B |
| Enterprise Value | 11.33B | 11.22B | 10.21B | 10.84B | 8.74B | 12.97B |
| Last Close Price | 52.12 | 52.64 | 43.50 | 61.16 | 42.69 | 90.83 |
| PE Ratio | 45.83 | 188.34 | 38.79 | 31.77 | 25.71 | 68.06 |
| Forward PE | 15.77 | 17.85 | 13.90 | 22.14 | 17.63 | 37.43 |
| PS Ratio | 0.44 | 0.46 | 0.44 | 0.74 | 0.56 | 1.31 |
| PB Ratio | 2.00 | 2.00 | 1.71 | 2.47 | 1.89 | 4.36 |
| P/TBV Ratio | 135.23 | |||||
| P/FCF Ratio | 33.21 | 54.79 | 27.36 | 25.62 | 25.32 | 50.80 |
| P/OCF Ratio | 11.74 | 13.89 | 9.47 | 13.04 | 9.34 | 22.89 |
| PEG Ratio | 1.63 | 2.01 | 1.16 | 2.26 | 2.20 | 3.12 |
| EV/Sales Ratio | 0.83 | 0.85 | 0.87 | 1.11 | 0.97 | 1.63 |
| EV/EBITDA Ratio | 12.04 | 12.46 | 12.51 | 14.55 | 12.54 | 22.02 |
| EV/EBIT Ratio | 24.05 | 25.27 | 25.46 | 28.24 | 23.75 | 51.05 |
| EV/FCF Ratio | 62.93 | 102.02 | 53.74 | 38.18 | 43.71 | 63.25 |
| Debt / Equity Ratio | 2.02 | 1.94 | 1.71 | 1.39 | 1.57 | 1.17 |
| Debt / EBITDA Ratio | 2.66 | 2.64 | 2.59 | 2.21 | 2.61 | 2.00 |
| Debt / FCF Ratio | 33.99 | 53.22 | 27.24 | 14.39 | 21.09 | 13.68 |
| Net Debt / Equity Ratio | 1.77 | 1.66 | 1.57 | 1.23 | 1.39 | 1.03 |
| Net Debt / EBITDA Ratio | 5.68 | 5.55 | 5.84 | 4.85 | 5.34 | 4.20 |
| Net Debt / FCF Ratio | 29.72 | 45.45 | 25.07 | 12.73 | 18.62 | 12.06 |
| Asset Turnover | 1.12 | 1.12 | 1.13 | 1.04 | 1.09 | 1.15 |
| Quick Ratio | 0.70 | 0.75 | 0.70 | 0.85 | 0.86 | 0.79 |
| Current Ratio | 0.79 | 0.85 | 0.83 | 0.98 | 0.96 | 0.90 |
| Return on Equity (ROE) | 4.50% | 1.19% | 4.61% | 8.29% | 7.89% | 6.03% |
| Return on Assets (ROA) | 2.42% | 2.36% | 2.41% | 2.56% | 2.79% | 2.30% |
| Return on Invested Capital (ROIC) | 3.51% | 1.94% | 5.28% | 5.19% | 4.95% | 5.29% |
| Return on Capital Employed (ROCE) | 5.70% | 5.30% | 5.00% | 5.60% | 5.50% | 5.10% |
| Earnings Yield | 2.18% | 0.53% | 2.58% | 3.15% | 3.89% | 1.47% |
| FCF Yield | 3.01% | 1.82% | 3.66% | 3.90% | 3.95% | 1.97% |
| Buyback Yield / Dilution | 2.24% | 2.92% | -0.26% | -1.59% | -1.75% | -0.85% |