NYSE : RXO
RXO, Inc. — Financial statements
Industrials · Trucking · United States
Last price 27.49 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 4.53B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
RXO, Inc. (RXO) reported revenue of 6.54B 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 | 6.54B | 5.74B | 4.55B | 3.93B | 4.80B | 4.69B |
| Cost of Revenue | 5.59B | 4.80B | 3.77B | 3.20B | 3.85B | 3.87B |
| Gross Profit | 947.00M | 941.00M | 783.00M | 725.00M | 946.00M | 816.00M |
| Selling, General & Admin | 831.00M | 832.00M | 666.00M | 591.00M | 640.00M | 539.00M |
| Operating Expenses | 939.00M | 948.00M | 753.00M | 658.00M | 726.00M | 620.00M |
| Operating Income | 8.00M | -7.00M | 30.00M | 67.00M | 220.00M | 196.00M |
| Interest Expense | -37.00M | -35.00M | -30.00M | -32.00M | -4.00M | |
| Other Non Operating Income (Expenses) | -5.00M | -4.00M | -6.00M | -15.00M | -1.00M | |
| EBT Excluding Unusual Items | -34.00M | -46.00M | -6.00M | 20.00M | 216.00M | 195.00M |
| Merger & Restructuring Charges | -45.00M | -57.00M | -82.00M | -16.00M | -13.00M | -2.00M |
| Impairment of Goodwill | -12.00M | -12.00M | ||||
| Other Unusual Items | -11.00M | -216.00M | -84.00M | -2.00M | ||
| Pretax Income | -102.00M | -115.00M | -304.00M | 4.00M | 119.00M | 191.00M |
| Income Tax Expense | -14.00M | -15.00M | -14.00M | 27.00M | 41.00M | |
| Net Income | -88.00M | -100.00M | -290.00M | 4.00M | 92.00M | 150.00M |
| Net Income to Common | -88.00M | -100.00M | -290.00M | 4.00M | 92.00M | 150.00M |
| Shares Outstanding (Basic) | 169.29M | 168.46M | 133.41M | 116.87M | 115.33M | 115.16M |
| Shares Outstanding (Diluted) | 169.29M | 168.46M | 133.41M | 119.46M | 115.79M | 115.16M |
| EPS (Basic) | -0.52 | -0.59 | -2.17 | 0.03 | 0.80 | 1.30 |
| EPS (Diluted) | -0.52 | -0.59 | -2.17 | 0.03 | 0.79 | 1.30 |
| Free Cash Flow | -73.00M | -8.00M | -57.00M | 25.00M | 253.00M | 116.00M |
| Free Cash Flow Per Share | -0.43 | -0.05 | -0.43 | 0.21 | 2.19 | 1.01 |
| Gross Margin | 14.48% | 16.39% | 17.21% | 18.46% | 19.73% | 17.40% |
| Operating Margin | 0.12% | -0.12% | 0.66% | 1.71% | 4.59% | 4.18% |
| Profit Margin | -1.35% | -1.74% | -6.37% | 0.10% | 1.92% | 3.20% |
| Free Cash Flow Margin | -1.12% | -0.14% | -1.25% | 0.64% | 5.27% | 2.47% |
| EBITDA | 116.00M | 109.00M | 117.00M | 134.00M | 306.00M | 277.00M |
| EBITDA Margin | 1.77% | 1.90% | 2.57% | 3.41% | 6.38% | 5.91% |
| D&A For EBITDA | 108.00M | 116.00M | 87.00M | 67.00M | 86.00M | 81.00M |
| EBIT | 8.00M | -7.00M | 30.00M | 67.00M | 220.00M | 196.00M |
| EBIT Margin | 0.12% | -0.12% | 0.66% | 1.71% | 4.59% | 4.18% |
| Effective Tax Rate | 22.69% | 21.47% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 25.00M | 17.00M | 35.00M | 5.00M | 98.00M | 29.00M |
| Cash & Short-Term Investments | 25.00M | 17.00M | 35.00M | 5.00M | 98.00M | 29.00M |
| Receivables | 1.48B | 1.25B | 1.24B | 754.00M | 900.00M | 1.01B |
| Prepaid Expenses | 32.00M | 37.00M | 22.00M | |||
| Other Current Assets | 103.00M | 16.00M | 23.00M | 15.00M | 31.00M | 44.00M |
| Total Current Assets | 1.61B | 1.32B | 1.34B | 796.00M | 1.03B | 1.08B |
| Property, Plant & Equipment | 327.00M | 372.00M | 411.00M | 319.00M | 278.00M | 239.00M |
| Goodwill | 1.11B | 1.11B | 1.12B | 630.00M | 630.00M | 630.00M |
| Other Intangible Assets | 422.00M | 453.00M | 499.00M | 68.00M | 79.00M | 100.00M |
| Long-Term Deferred Tax Assets | 6.00M | 4.00M | 2.00M | 3.00M | 2.00M | |
| Other Long-Term Assets | 29.00M | 18.00M | 38.00M | 10.00M | 12.00M | 14.00M |
| Total Assets | 3.50B | 3.28B | 3.41B | 1.82B | 2.03B | 2.07B |
| Accounts Payable | 708.00M | 539.00M | 568.00M | 414.00M | 501.00M | 520.00M |
| Accrued Expenses | 432.00M | 397.00M | 373.00M | 199.00M | 256.00M | 248.00M |
| Short-Term Debt | 33.00M | 15.00M | 15.00M | |||
| Current Portion of Long-Term Debt | 2.00M | 3.00M | 2.00M | |||
| Current Portion of Leases | 67.00M | 77.00M | 83.00M | 53.00M | 50.00M | 42.00M |
| Other Current Liabilities | 13.00M | 10.00M | 26.00M | 13.00M | 14.00M | 6.00M |
| Total Current Liabilities | 1.25B | 1.04B | 1.06B | 682.00M | 823.00M | 816.00M |
| Long-Term Debt | 425.00M | 386.00M | 349.00M | 349.00M | 447.00M | |
| Long-Term Leases | 200.00M | 192.00M | 217.00M | 153.00M | 118.00M | 93.00M |
| Long-Term Deferred Tax Liabilities | 38.00M | 51.00M | 88.00M | 7.00M | 16.00M | 52.00M |
| Other Long-Term Liabilities | 62.00M | 69.00M | 83.00M | 40.00M | 40.00M | 37.00M |
| Total Liabilities | 1.98B | 1.74B | 1.80B | 1.23B | 1.44B | 998.00M |
| Common Stock | 2.00M | 2.00M | 2.00M | 1.00M | 1.00M | 1.07B |
| Additional Paid-In Capital | 1.95B | 1.93B | 1.90B | 590.00M | 588.00M | |
| Retained Earnings | -426.00M | -384.00M | -284.00M | 6.00M | 2.00M | |
| Comprehensive Income & Other | -6.00M | -6.00M | -10.00M | -3.00M | -4.00M | -2.00M |
| Shareholders' Equity | 1.52B | 1.54B | 1.61B | 594.00M | 587.00M | 1.07B |
| Total Liabilities & Equity | 3.50B | 3.28B | 3.41B | 1.82B | 2.03B | 2.07B |
| Total Debt | 727.00M | 670.00M | 664.00M | 558.00M | 617.00M | 135.00M |
| Net Cash (Debt) | -702.00M | -653.00M | -629.00M | -553.00M | -519.00M | -106.00M |
| Net Cash Per Share | -4.15 | -3.88 | -4.71 | -4.63 | -4.48 | -0.92 |
| Filing Date Shares Outstanding | 164.95M | 164.19M | 163.33M | 117.09M | 116.60M | 115.16M |
| Total Common Shares Outstanding | 164.94M | 164.16M | 162.52M | 117.03M | 116.40M | 115.16M |
| Working Capital | 352.00M | 279.00M | 274.00M | 114.00M | 206.00M | 267.00M |
| Book Value Per Share | 9.19 | 9.39 | 9.92 | 5.08 | 5.04 | 9.29 |
| Tangible Book Value | -17.00M | -23.00M | -10.00M | -104.00M | -122.00M | 340.00M |
| Tangible Book Value Per Share | -0.10 | -0.14 | -0.06 | -0.89 | -1.05 | 2.95 |
| Buildings | 57.00M | 45.00M | 33.00M | 23.00M | 17.00M | |
| Machinery | 70.00M | 69.00M | 65.00M | 59.00M | 56.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -88.00M | -100.00M | -290.00M | 4.00M | 92.00M | 150.00M |
| Depreciation & Amortization | 108.00M | 116.00M | 87.00M | 67.00M | 86.00M | 81.00M |
| Asset Writedown & Restructuring Costs | 14.00M | 16.00M | 13.00M | |||
| Stock-Based Compensation | 28.00M | 29.00M | 23.00M | 19.00M | 32.00M | 8.00M |
| Other Operating Activities | 5.00M | -10.00M | 204.00M | 1.00M | -14.00M | 6.00M |
| Change in Accounts Receivable | -386.00M | -5.00M | -109.00M | 158.00M | 92.00M | -242.00M |
| Change in Accounts Payable | 233.00M | -16.00M | -65.00M | -86.00M | -14.00M | 129.00M |
| Change in Other Net Operating Assets | 71.00M | 21.00M | 125.00M | -74.00M | 36.00M | 23.00M |
| Operating Cash Flow | -15.00M | 51.00M | -12.00M | 89.00M | 310.00M | 155.00M |
| Capital Expenditures | -58.00M | -59.00M | -45.00M | -64.00M | -57.00M | -39.00M |
| Sale of Property, Plant & Equipment | 1.00M | 2.00M | 1.00M | 1.00M | ||
| Cash Acquisitions | -10.00M | -1.02B | ||||
| Other Investing Activities | -4.00M | -2.00M | ||||
| Investing Cash Flow | -57.00M | -71.00M | -1.06B | -66.00M | -56.00M | -38.00M |
| Long-Term Debt Issued | 566.00M | 238.00M | 76.00M | 451.00M | ||
| Long-Term Debt Repaid | -535.00M | -229.00M | -175.00M | |||
| Net Debt Issued (Repaid) | 84.00M | 31.00M | 9.00M | -99.00M | 451.00M | |
| Issuance of Common Stock | 1.12B | |||||
| Repurchase of Common Stock | -3.00M | -19.00M | -4.00M | -16.00M | -3.00M | |
| Other Financing Activities | -9.00M | -11.00M | -22.00M | -2.00M | -631.00M | -158.00M |
| Financing Cash Flow | 72.00M | 1.00M | 1.11B | -117.00M | -183.00M | -158.00M |
| Foreign Exchange Rate Adjustments | 2.00M | -2.00M | 1.00M | -2.00M | ||
| Net Cash Flow | -17.00M | 30.00M | -93.00M | 69.00M | -41.00M | |
| Free Cash Flow | -73.00M | -8.00M | -57.00M | 25.00M | 253.00M | 116.00M |
| Free Cash Flow Margin | -1.12% | -0.14% | -1.25% | 0.64% | 5.27% | 2.47% |
| Free Cash Flow Per Share | -0.43 | -0.05 | -0.43 | 0.21 | 2.19 | 1.01 |
| Levered Free Cash Flow | -7.12M | 42.75M | -107.00M | 38.88M | 316.00M | 85.50M |
| Unlevered Free Cash Flow | 16.00M | 64.62M | -88.25M | 58.88M | 318.50M | 85.50M |
| Cash Income Tax Paid | 7.00M | 7.00M | 4.00M | 27.00M | 3.00M | 5.00M |
| Change in Working Capital | -82.00M | -49.00M | -2.00M | 114.00M | -90.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.59B | 2.07B | 3.83B | 2.72B | 2.00B | |
| Enterprise Value | 5.29B | 2.73B | 4.48B | 3.25B | 1.99B | |
| Last Close Price | 27.82 | 12.64 | 23.84 | 23.26 | 17.20 | |
| PE Ratio | 680.36 | 21.74 | ||||
| Forward PE | 55.39 | 296.36 | 71.92 | 70.06 | 19.20 | |
| PS Ratio | 0.70 | 0.36 | 0.84 | 0.69 | 0.42 | |
| PB Ratio | 3.03 | 1.35 | 2.38 | 4.58 | 3.41 | |
| P/FCF Ratio | 108.86 | 7.91 | ||||
| P/OCF Ratio | 40.67 | 30.58 | 6.45 | |||
| PEG Ratio | 8.54 | 2.35 | 3.70 | 3.84 | ||
| EV/Sales Ratio | 0.81 | 0.48 | 0.98 | 0.83 | 0.41 | |
| EV/EBITDA Ratio | 45.61 | 25.06 | 38.30 | 24.23 | 6.50 | |
| EV/EBIT Ratio | 661.37 | 149.37 | 48.45 | 9.05 | ||
| EV/FCF Ratio | 129.86 | 7.87 | ||||
| Debt / Equity Ratio | 0.48 | 0.43 | 0.41 | 0.94 | 1.05 | 0.13 |
| Debt / EBITDA Ratio | 2.94 | 2.91 | 2.96 | 2.50 | 1.62 | 0.39 |
| Debt / FCF Ratio | 22.32 | 2.44 | 1.16 | |||
| Net Debt / Equity Ratio | 0.46 | 0.42 | 0.39 | 0.93 | 0.88 | 0.10 |
| Net Debt / EBITDA Ratio | 6.05 | 5.99 | 5.38 | 4.13 | 1.70 | 0.38 |
| Net Debt / FCF Ratio | -9.62 | -81.62 | -11.04 | 22.12 | 2.05 | 0.91 |
| Asset Turnover | 1.95 | 1.72 | 1.74 | 2.04 | 2.34 | 2.38 |
| Quick Ratio | 1.20 | 1.22 | 1.20 | 1.11 | 1.21 | 1.27 |
| Current Ratio | 1.28 | 1.27 | 1.26 | 1.17 | 1.25 | 1.33 |
| Return on Equity (ROE) | -5.68% | -6.34% | -26.29% | 0.68% | 11.10% | 14.03% |
| Return on Assets (ROA) | 0.15% | -0.13% | 0.72% | 2.17% | 6.71% | 6.22% |
| Return on Invested Capital (ROIC) | 0.36% | -0.32% | 1.77% | 5.95% | 14.91% | 13.44% |
| Return on Capital Employed (ROCE) | 0.40% | -0.30% | 1.30% | 5.90% | 18.20% | 15.70% |
| Earnings Yield | -1.87% | -4.82% | -7.56% | 0.15% | 4.60% | |
| FCF Yield | -1.59% | -0.39% | -1.49% | 0.92% | 12.65% | |
| Buyback Yield / Dilution | -1.10% | -26.27% | -11.68% | -3.16% | -0.55% |