XPO XPO, Inc.

Overview and Growth

Fiscal 2025 results for XPO, Inc. combined $8.16B of revenue with net income of $316.00M and an operating cash inflow of $986.00M. Revenue of $8.16B sets the scale for evaluating how effectively sales translated into profit and cash during the year. Compared with $8.07B in fiscal 2024, revenue recorded a 1.1% year-over-year increase. The company reported diluted EPS of $2.64, adding a shareholder-level measure to the absolute income figures considered below. The per-share result recorded a 18.3% decrease from fiscal 2024 diluted EPS of $3.23. Revenue equaled 1.0x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

The reported operating result was $656.00M, capturing profitability after direct costs and the operating expenses reflected in the statements. Relative to revenue, operating income represented 8.0%, showing how efficiently sales converted into operating profit. Net income came to $316.00M, completing the progression from revenue through gross and operating profitability to the final reported result. Measured against reported revenue, net income produced a 3.9% margin after operating costs and the remaining recognized items. Before income taxes, the company reported $437.00M of earnings, providing a bridge between the operating result and final net income. Measured against revenue, pretax income equaled 5.4%, adding a pre-tax profitability layer between revenue and net income. The company recognized $121.00M of income tax for the period, completing the transition from pretax income to net income. The effective relationship between income tax and positive pretax income was 27.7%, without assuming a statutory-rate comparison. Return on period-end equity was 17.0%, relating annual net income to the equity capital on the balance sheet.

Liquidity and Capital Structure

Total assets were $8.19B, supported by $6.33B of liabilities and $1.86B of shareholder equity. At period end, current assets of $1.63B compared with current liabilities of $1.55B, defining the company’s short-term resource position. At 1.05x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. The company held $310.00M in cash and equivalents, a narrower liquidity measure than total current assets. Measured only with cash and equivalents, coverage of current liabilities was 19.9%, excluding receivables and other current assets. Total debt was $3.25B, establishing the amount of borrowing carried within the company’s capital structure. The debt-to-equity relationship was 1.75x, showing how much debt the company carried for each unit of book equity. The debt-to-assets relationship was 39.7%, comparing borrowing with the total asset balance. Relative to total assets, liabilities measured 77.3%, complementing the separate equity-based view of the company’s capital structure. Measured against total assets, cash and equivalents represented 3.8%, a balance-sheet composition measure rather than a liquidity forecast. The asset base changed 6.2% from $7.71B in fiscal 2024, leaving current total assets higher year over year.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $986.00M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Operating cash flow equaled 3.12x of net income, showing how strongly accounting earnings converted into cash from operations. The cash-flow statement records $657.00M of capital expenditures, the investment amount considered after operating cash generation. Capital spending absorbed 66.6% of operating cash flow, quantifying the share of cash from operations directed to investment. The combination of operating cash flow and capital spending produced $329.00M of positive free cash flow for the period. Relative to revenue, free cash flow equaled 4.0%, showing how much sales converted into cash after investment. The free-cash-flow-to-assets relationship was 4.0%, comparing post-investment cash with the balance-sheet asset base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.