RXONYSETransportation ServicesFiscal year ends December 31
RXO, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$28.50−0.10 (-0.35%)
Close on Oct 19, 2026
- Market cap
- $4.83B
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2025
Gross margin
19.7%−3.8 pts over 5 years
Operating margin
-1.4%−3.2 pts over 5 years
Net margin
-1.7%−3.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +26.2% | +6.2% | +11.3% | – | |
| Gross profit | +14.8% | -1.2% | +7.5% | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 4.2% | -6.3% | |
| Return on assets | – | – | -3.0% | |
| Current ratio | – | – | 1.27 | |
| Debt to equity | – | – | 0.26 | |
| Net debt to EBITDA | – | – | 10.46× | |
| Capex to revenue | – | 1.4% | 1.0% | |
| Diluted shares | – | 115M | 168M |
Where the cash went
Fiscal 2021 to 2025, five years combined
RXO generated $617.00M from operations and spent $266.00M on capital expenditure, dividends and share buybacks. 99% of that went back into the business.
Generated
$617.00M
Used
$266.00M
Capital expenditure$264.00M99%Dividends$00%Share buybacks$2.00M1%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-1.7%
×Asset turnover1.72×
×Equity multiplier2.12×
=Return on equity, FY2025-6.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -1.7% | 1.72× | 2.12× | -6.3% |
| FY2024 | -6.4% | 1.74× | 2.37× | -26.3% |
| FY2023 | 0.1% | 2.04× | 3.27× | 0.7% |
| FY2022 | 1.9% | 2.34× | 2.47× | 11.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$100.00M
- Cash generatingOperating cash flow above zero$51.00M
- Return on assets improvedROA up on the prior year-15.9% → -2.9%
- Earnings backed by cashOperating cash flow above net income$51.00M vs -$100.00M
- Less leverageLong-term debt to assets fell10.3% → 11.8%
- Better liquidityCurrent ratio rose1.26 → 1.27
- No dilutionShare count did not rise133M → 168M
- Gross margin improvedGross margin up on the prior year21.65% → 19.70%
- More efficientAsset turnover rose2.49 → 1.68