Is the business good?
How good a business is XPO?
XPO, Inc. earns 13% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
13%
Return on invested capital · cost of capital 9.0% · 3.6 points above what the capital costs: growth creates value
- Operating margin
- 8.8%
Operating margin · Trucking median 1.8% · 12 months to Q2 2026
- Share count, year on year
- −0.84%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | 1.6% |
| FY2021 | 4.3% |
| FY2022 | 4.9% |
| FY2023 | 5.7% |
| FY2024 | 8.2% |
| FY2025 | 8.0% |
Details›
- Operating margin12 months to Q2 2026
- 8.8%
- Net margin12 months to Q2 2026
- 4.7%
- Revenue, trailing twelve months
- $8.57B
- Net income, trailing twelve months
- $404M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 13%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.