XPO (XPO) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

XPO

NYSE•Industrials•Trucking

$183.21-5.54(-0.03%)Pre-market

Market Cap

$22.43B

P/E

44.6x

P/S

2.5x

P/B

11.4x

XPO, Inc., together with its subsidiaries, provides freight transportation services in the United States, North America, France, the United Kingdom, and rest of Europe. The company operates in two segments, North American Less-Than-Truckload (LTL) and European Transportation. The North American LTL segment provides shippers with geographic density and day-definite domestic and cross-border services to the U.S., Mexico, Canada, and the Caribbean. The European Transportation segment offers dedicated truckload, LTL, truck brokerage, managed transportation, last mile, freight forwarding, and warehousing and multimodal solutions to an extensive base of customers within the consumer, trade, and industrial markets. The company was formerly known as XPO Logistics, Inc. and changed its name to XPO, Inc. in December 2022. The company was founded in 1989 and is based in Greenwich, Connecticut.

How this company scores

GoodMetricSide Score: 77/100

Strongest: Cash & Earnings Quality (22/25); weakest: Balance Sheet & Red Flags (14/25).

Profitability21/25

Growth20/25

Balance Sheet & Red Flags14/25

Cash & Earnings Quality22/25

Strengths

Rising free cash flowHigh ROERising earningsProfit converts from growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 44.6x5y range 3.5x – 234.1x

Currently near its 20-quarter median.

P/S · 2.5x5y range 0.3x – 2.8x

Currently above its 20-quarter median.

P/B · 11.4x5y range 1.7x – 12.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $22.43B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $8.84B
Q. Revenue: $2.37B
TTM EBITDA: $1.41B
TTM Op. Income: $876.00M
Q. Op. Income: $288.00M
TTM Net Income: $503.00M
Q. Net Income: $181.00M
EPS: $1.55
Shares Out.: $117.00M

$8.84B in TTM revenue grew 9.5% YoY, reaching $2.37B last quarter. TTM EBITDA of $1.41B and TTM operating income of $876.00M show growth is flowing through to the bottom line. TTM net income of $503.00M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 6 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 17.8%
Op. Margin: 12.1%
Net Margin: 7.6%

Op. margin of 12.1% is up 4.4% YoY — cost efficiency is improving. Net margin at 7.6% Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 44.6x
P/S Ratio: 2.5x
P/B Ratio: 11.4x

At 44.6x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 2.5x and P/B of 11.4x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $8.31B
Cash: $260.00M
Long-Term Debt: $3.00B
Book Value: $1.97B
D/E Ratio: 1.5
Debt/EBITDA: 7.1

With $8.31B in assets and $3.00B in long-term debt, D/E is 1.5and book value is $1.97B — moderate leverage. Across the last 8 quarters, debt/equity has fallen for 7 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $415.00M
TTM Free Cash Flow: $657.00M
FCF Margin: 7.4%
FCF / Net Income: 1.3

TTM FCF of $657.00M on $415.00M in operating cash flow. The FCF / Net Income ratio of 1.3x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 7 consecutive quarters — an improving trend.