Gxo Logistics Incorporated Financials

GXO

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 36/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Gxo Logistics Incorporated has an operating margin of 1.9%, meaning the company retains $2 of operating profit per $100 of revenue. This below-average margin results in a low score of 9/100, suggesting thin profitability after operating expenses. This is down from 3.3% the prior year.

Growth

Gxo Logistics Incorporated's revenue surged 19.7% year-over-year to $11.7B, reflecting rapid business expansion. This strong growth earns a score of 85/100.

Leverage

Gxo Logistics Incorporated carries a low D/E ratio of 0.84, meaning only $0.84 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 80/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Gxo Logistics Incorporated's current ratio of 0.83 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 13/100, which could limit financial flexibility.

Cash Flow

Gxo Logistics Incorporated's free cash flow margin of 1.6% results in a low score of 8/100. Capital expenditures of $359.0M absorb a large share of operating cash flow.

Returns

Gxo Logistics Incorporated generates a 4.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 18/100. This is down from 7.9% the prior year.

Altman Z-Score Distress

1.67

Gxo Logistics Incorporated scores 1.67, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral

4/9

Gxo Logistics Incorporated passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

4.10x

For every $1 of reported earnings, Gxo Logistics Incorporated generates $4.10 in operating cash flow ($549.0M OCF vs $134.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

2.1x

Gxo Logistics Incorporated earns $2.1 in operating income for every $1 of interest expense ($218.0M vs $103.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

This page shows Gxo Logistics Incorporated (GXO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$11.7B

YoY+19.7%

5Y CAGR+14.0%

Gxo Logistics Incorporated generated $11.7B in revenue in fiscal year 2024. This represents an increase of 19.7% from the prior year.

EBITDA

$633.0M

YoY-6.8%

5Y CAGR+7.0%

Gxo Logistics Incorporated's EBITDA was $633.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 6.8% from the prior year.

Free Cash Flow

$190.0M

YoY-33.1%

Gxo Logistics Incorporated generated $190.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 33.1% from the prior year.

Net Income

$134.0M

YoY-41.5%

5Y CAGR+17.4%

Gxo Logistics Incorporated reported $134.0M in net income in fiscal year 2024. This represents a decrease of 41.5% from the prior year.

EPS (Diluted)

$1.12

YoY-41.7%

5Y CAGR+16.6%

Gxo Logistics Incorporated earned $1.12 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 41.7% from the prior year.

Cash & Debt

$413.0M

YoY-11.8%

5Y CAGR+15.6%

Gxo Logistics Incorporated held $413.0M in cash against $2.5B in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

120M

YoY+0.2%

Gxo Logistics Incorporated had 120M shares outstanding in fiscal year 2024. This represents an increase of 0.2% from the prior year.

Gross Margin

N/A

Operating Margin

1.9%

YoY-1.4pp

5Y CAGR-0.6pp

Gxo Logistics Incorporated's operating margin was 1.9% in fiscal year 2024, reflecting core business profitability. This is down 1.4 percentage points from the prior year.

Net Margin

1.1%

YoY-1.2pp

5Y CAGR+0.2pp

Gxo Logistics Incorporated's net profit margin was 1.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 1.2 percentage points from the prior year.

Return on Equity

4.5%

YoY-3.4pp

5Y CAGR+2.2pp

Gxo Logistics Incorporated's ROE was 4.5% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 3.4 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$359.0M

YoY+31.0%

5Y CAGR+10.1%

Gxo Logistics Incorporated invested $359.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 31.0% from the prior year.

GXO Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$11.7B+19.7%	$9.8B+8.7%	$9.0B+13.3%	$7.9B+28.2%	$6.2B+1.7%	$6.1B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.1B+6.3%	$998.0M+12.6%	$886.0M+24.1%	$714.0M+16.9%	$611.0M+18.9%	$514.0M
Operating Income	$218.0M-31.4%	$318.0M+31.4%	$242.0M+60.3%	$151.0M+843.8%	$16.0M-89.3%	$150.0M
Interest Expense	$103.0M+94.3%	$53.0M+82.8%	$29.0M+38.1%	$21.0M-12.5%	$24.0M-27.3%	$33.0M
Income Tax	$8.0M-75.8%	$33.0M-48.4%	$64.0M+900.0%	-$8.0M-150.0%	$16.0M-56.8%	$37.0M
Net Income	$134.0M-41.5%	$229.0M+16.2%	$197.0M+28.8%	$153.0M+593.5%	-$31.0M-151.7%	$60.0M
EPS (Diluted)	$1.12-41.7%	$1.92+15.0%	$1.67+26.5%	$1.32+588.9%	$-0.27-151.9%	$0.52

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$3.4B+2.9%	$3.3B+10.8%	$3.0B-8.4%	$3.3B+14.2%	$2.8B+15.9%	$2.5B-5.2%	$2.6B+4.8%	$2.5B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$285.0M+4.8%	$272.0M+4.2%	$261.0M-5.8%	$277.0M+2.6%	$270.0M+8.4%	$249.0M+5.1%	$237.0M-8.1%	$258.0M
Operating Income	$118.0M+32.6%	$89.0M+258.9%	-$56.0M-155.4%	$101.0M+34.7%	$75.0M+292.3%	-$39.0M-144.8%	$87.0M-3.3%	$90.0M
Interest Expense	$35.0M-2.8%	$36.0M+12.5%	$32.0M-5.9%	$34.0M+47.8%	$23.0M+76.9%	$13.0M+8.3%	$12.0M-14.3%	$14.0M
Income Tax	$28.0M+86.7%	$15.0M+650.0%	$2.0M+166.7%	-$3.0M-121.4%	$14.0M+240.0%	-$10.0M-100.0%	-$5.0M-133.3%	$15.0M
Net Income	$59.0M+126.9%	$26.0M+127.1%	-$96.0M-196.0%	$100.0M+163.2%	$38.0M+202.7%	-$37.0M-150.7%	$73.0M+10.6%	$66.0M
EPS (Diluted)	$0.51+121.7%	$0.23+128.4%	$-0.81-197.6%	$0.83+159.4%	$0.32+203.2%	$-0.31-150.0%	$0.62+12.7%	$0.55

GXO Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$11.3B+18.5%	$9.5B+3.1%	$9.2B+26.8%	$7.3B+11.0%	$6.5B	N/A
Current Assets	$2.6B+2.8%	$2.6B+5.8%	$2.4B+15.7%	$2.1B+14.3%	$1.8B	N/A
Cash & Equivalents	$413.0M-11.8%	$468.0M-5.5%	$495.0M+48.6%	$333.0M+1.5%	$328.0M+64.0%	$200.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.8B+2.6%	$1.8B+6.4%	$1.6B+9.3%	$1.5B+23.1%	$1.2B	N/A
Goodwill	$3.5B+22.8%	$2.9B+6.0%	$2.7B+35.3%	$2.0B-2.2%	$2.1B+4.0%	$2.0B
Total Liabilities	$8.3B+25.3%	$6.6B+0.3%	$6.6B+33.6%	$4.9B+32.1%	$3.7B	N/A
Current Liabilities	$3.2B+21.4%	$2.6B+3.7%	$2.5B+8.7%	$2.3B+34.0%	$1.7B	N/A
Long-Term Debt	$2.5B+55.6%	$1.6B-6.8%	$1.7B+87.6%	$927.0M+50.7%	$615.0M	N/A
Total Equity	$3.0B+3.1%	$2.9B+10.1%	$2.6B+12.5%	$2.4B-16.7%	$2.8B+4.7%	$2.7B
Retained Earnings	$686.0M+24.3%	$552.0M+70.9%	$323.0M+156.3%	$126.0M	$0	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$11.9B-0.2%	$11.9B+5.3%	$11.3B+0.5%	$11.3B-0.8%	$11.4B+21.1%	$9.4B-1.3%	$9.5B+4.6%	$9.1B
Current Assets	$2.8B+8.4%	$2.6B-1.5%	$2.6B-0.5%	$2.6B-5.6%	$2.8B+13.6%	$2.5B-4.1%	$2.6B+4.1%	$2.5B
Cash & Equivalents	$339.0M+65.4%	$205.0M-28.8%	$288.0M-30.3%	$413.0M-11.9%	$469.0M+10.9%	$423.0M-9.6%	$468.0M-1.1%	$473.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$2.0B+3.3%	$1.9B+2.9%	$1.9B+5.3%	$1.8B-5.8%	$1.9B+14.7%	$1.7B-5.0%	$1.8B+5.5%	$1.7B
Goodwill	$3.8B-1.3%	$3.8B+5.6%	$3.6B+2.1%	$3.5B-3.1%	$3.7B+27.7%	$2.9B-0.7%	$2.9B+5.7%	$2.7B
Total Liabilities	$9.0B-0.4%	$9.0B+6.3%	$8.5B+2.3%	$8.3B-2.3%	$8.5B+29.9%	$6.5B-1.3%	$6.6B+4.6%	$6.3B
Current Liabilities	$3.9B+15.4%	$3.4B+1.2%	$3.4B+5.7%	$3.2B-2.4%	$3.3B+24.5%	$2.6B0.0%	$2.6B+7.9%	$2.4B
Long-Term Debt	$2.2B-16.2%	$2.6B+2.0%	$2.5B+1.0%	$2.5B-1.2%	$2.6B+68.8%	$1.5B-6.7%	$1.6B-0.1%	$1.6B
Total Equity	$3.0B+0.5%	$2.9B+2.4%	$2.9B-4.4%	$3.0B+3.5%	$2.9B+1.1%	$2.9B-1.5%	$2.9B+4.6%	$2.8B
Retained Earnings	$675.0M+9.6%	$616.0M+4.4%	$590.0M-14.0%	$686.0M+24.1%	$553.0M+7.4%	$515.0M-6.7%	$552.0M+15.2%	$479.0M

GXO Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$549.0M-1.6%	$558.0M+3.0%	$542.0M+19.1%	$455.0M+36.6%	$333.0M+129.7%	$145.0M
Capital Expenditures	$359.0M+31.0%	$274.0M-19.9%	$342.0M+36.8%	$250.0M+12.6%	$222.0M0.0%	$222.0M
Free Cash Flow	$190.0M-33.1%	$284.0M+42.0%	$200.0M-2.4%	$205.0M+84.7%	$111.0M+244.2%	-$77.0M
Investing Cash Flow	-$1.2B-182.2%	-$410.0M+64.3%	-$1.1B-455.1%	-$207.0M+26.1%	-$280.0M-90.5%	-$147.0M
Financing Cash Flow	$636.0M+441.9%	-$186.0M-123.6%	$787.0M+426.6%	-$241.0M-459.7%	$67.0M+165.7%	-$102.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$232.0M+7633.3%	$3.0M-89.7%	$29.0M-84.4%	$186.0M+61.7%	$115.0M+130.0%	$50.0M-76.7%	$215.0M-11.5%	$243.0M
Capital Expenditures	$144.0M+206.4%	$47.0M-39.7%	$78.0M-25.0%	$104.0M+18.2%	$88.0M+20.5%	$73.0M+5.8%	$69.0M+25.5%	$55.0M
Free Cash Flow	$88.0M+300.0%	-$44.0M+10.2%	-$49.0M-159.8%	$82.0M+203.7%	$27.0M+217.4%	-$23.0M-115.8%	$146.0M-22.3%	$188.0M
Investing Cash Flow	-$46.0M0.0%	-$46.0M+40.3%	-$77.0M-54.0%	-$50.0M+94.6%	-$932.0M-1036.6%	-$82.0M+62.4%	-$218.0M-319.2%	-$52.0M
Financing Cash Flow	-$39.0M+75.8%	-$161.0M-143.9%	-$66.0M+65.8%	-$193.0M-122.3%	$865.0M+10912.5%	-$8.0M+50.0%	-$16.0M-6.7%	-$15.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0-100.0%	$94.0M-11.3%	$106.0M	$0	$0	$0	N/A	N/A

GXO Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	1.9%-1.4pp	3.3%+0.6pp	2.7%+0.8pp	1.9%+1.6pp	0.3%-2.2pp	2.5%
Net Margin	1.1%-1.2pp	2.3%+0.2pp	2.2%+0.3pp	1.9%+2.4pp	-0.5%-1.5pp	1.0%
Return on Equity	4.5%-3.4pp	7.9%+0.4pp	7.4%+0.9pp	6.5%	N/A	2.2%
Return on Assets	1.2%-1.2pp	2.4%+0.3pp	2.1%+0.0pp	2.1%+2.6pp	-0.5%	N/A
Current Ratio	0.83-0.1	0.98+0.0	0.96+0.1	0.90-0.2	1.06	N/A
Debt-to-Equity	0.84+0.3	0.56-0.1	0.66+0.3	0.39+0.2	0.22	N/A
FCF Margin	1.6%-1.3pp	2.9%+0.7pp	2.2%-0.4pp	2.6%+0.8pp	1.8%+3.0pp	-1.3%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	3.5%+0.8pp	2.7%+4.6pp	-1.9%-5.0pp	3.1%+0.5pp	2.6%+4.2pp	-1.6%-5.0pp	3.4%-0.3pp	3.6%
Net Margin	1.7%+0.9pp	0.8%+4.0pp	-3.2%-6.3pp	3.1%+1.7pp	1.3%+2.9pp	-1.5%-4.3pp	2.8%+0.1pp	2.7%
Return on Equity	2.0%+1.1pp	0.9%	N/A	3.3%+2.0pp	1.3%	N/A	2.5%+0.1pp	2.4%
Return on Assets	0.5%+0.3pp	0.2%+1.1pp	-0.9%-1.7pp	0.9%+0.6pp	0.3%+0.7pp	-0.4%-1.2pp	0.8%+0.0pp	0.7%
Current Ratio	0.71-0.0	0.76-0.0	0.78-0.0	0.83-0.0	0.86-0.1	0.94-0.0	0.98-0.0	1.01
Debt-to-Equity	0.74-0.1	0.880.0	0.89+0.0	0.84-0.0	0.88+0.4	0.53-0.0	0.56-0.0	0.58
FCF Margin	2.6%+3.9pp	-1.3%+0.3pp	-1.7%-4.2pp	2.5%+1.6pp	0.9%+1.9pp	-0.9%-6.6pp	5.6%-2.0pp	7.6%

Note: The current ratio is below 1.0 (0.83), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Gxo Logistics Incorporated's annual revenue?

Gxo Logistics Incorporated (GXO) reported $11.7B in total revenue for fiscal year 2024. This represents a 19.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Gxo Logistics Incorporated's revenue growing?

Gxo Logistics Incorporated (GXO) revenue grew by 19.7% year-over-year, from $9.8B to $11.7B in fiscal year 2024.

Is Gxo Logistics Incorporated profitable?

Yes, Gxo Logistics Incorporated (GXO) reported a net income of $134.0M in fiscal year 2024, with a net profit margin of 1.1%.

What is Gxo Logistics Incorporated's earnings per share (EPS)?

Gxo Logistics Incorporated (GXO) reported diluted earnings per share of $1.12 for fiscal year 2024. This represents a -41.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Gxo Logistics Incorporated's EBITDA?

Gxo Logistics Incorporated (GXO) had EBITDA of $633.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Gxo Logistics Incorporated have?

As of fiscal year 2024, Gxo Logistics Incorporated (GXO) had $413.0M in cash and equivalents against $2.5B in long-term debt.

What is Gxo Logistics Incorporated's operating margin?

Gxo Logistics Incorporated (GXO) had an operating margin of 1.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Gxo Logistics Incorporated's net profit margin?

Gxo Logistics Incorporated (GXO) had a net profit margin of 1.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Gxo Logistics Incorporated's return on equity (ROE)?

Gxo Logistics Incorporated (GXO) has a return on equity of 4.5% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Gxo Logistics Incorporated's free cash flow?

Gxo Logistics Incorporated (GXO) generated $190.0M in free cash flow during fiscal year 2024. This represents a -33.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Gxo Logistics Incorporated's operating cash flow?

Gxo Logistics Incorporated (GXO) generated $549.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Gxo Logistics Incorporated's total assets?

Gxo Logistics Incorporated (GXO) had $11.3B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Gxo Logistics Incorporated's capital expenditures?

Gxo Logistics Incorporated (GXO) invested $359.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Gxo Logistics Incorporated have outstanding?

Gxo Logistics Incorporated (GXO) had 120M shares outstanding as of fiscal year 2024.

What is Gxo Logistics Incorporated's current ratio?

Gxo Logistics Incorporated (GXO) had a current ratio of 0.83 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Gxo Logistics Incorporated's debt-to-equity ratio?

Gxo Logistics Incorporated (GXO) had a debt-to-equity ratio of 0.84 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Gxo Logistics Incorporated's return on assets (ROA)?

Gxo Logistics Incorporated (GXO) had a return on assets of 1.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Gxo Logistics Incorporated's Altman Z-Score?

Gxo Logistics Incorporated (GXO) has an Altman Z-Score of 1.67, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Gxo Logistics Incorporated's Piotroski F-Score?

Gxo Logistics Incorporated (GXO) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Gxo Logistics Incorporated's earnings high quality?

Gxo Logistics Incorporated (GXO) has an earnings quality ratio of 4.10x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Gxo Logistics Incorporated cover its interest payments?

Gxo Logistics Incorporated (GXO) has an interest coverage ratio of 2.1x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Gxo Logistics Incorporated?

Gxo Logistics Incorporated (GXO) scores 36 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.