Is the business good?
How good a business is RXO?
RXO, Inc. earns −3.0% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
−3.0%
Return on invested capital · cost of capital 9.0% · 12 points below what the capital costs: growth destroys value
- Operating margin
- −1.3%
Operating margin · Trucking median 1.8% · 12 months to Q2 2026
- Share count, year on year
- +0.67%
Share count, year on year · flat: no meaningful dilution
- Gross margin
- 18%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | 1.8% |
| FY2021 | 4.1% |
| FY2022 | 2.6% |
| FY2023 | 0.99% |
| FY2024 | −1.2% |
| FY2025 | −1.4% |
Details›
- Gross margin12 months to Q2 2026
- 18%
- Operating margin12 months to Q2 2026
- −1.3%
- Net margin12 months to Q2 2026
- −1.7%
- Free cash flow margin
- −1.3%
- Revenue, trailing twelve months
- $6.09B
- Free cash flow, trailing twelve months
- −$76M
- Net income, trailing twelve months
- −$105M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −3.0%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.