RXO Inc Financials

RXO

Source SEC Filings (10-K/10-Q) Updated Feb 9, 2026 Currency USD FYE February

Financial Health Signals

Financial Profile 27/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

RXO Inc has an operating margin of 1.4%, meaning the company retains $1 of operating profit per $100 of revenue. This below-average margin results in a low score of 7/100, suggesting thin profitability after operating expenses. This is up from -1.2% the prior year.

Growth

RXO Inc's revenue declined 100% year-over-year, from $4.5B to $6K. This contraction results in a growth score of 0/100.

Leverage

100

RXO Inc carries a low D/E ratio of 0.25, meaning only $0.25 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

RXO Inc's current ratio of 1.27 indicates adequate short-term liquidity, earning a score of 31/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

While RXO Inc generated $51 in operating cash flow, capex of $59 consumed most of it, leaving -$8 in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

RXO Inc generates a 6.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 26/100.

Altman Z-Score Safe

766681.96

RXO Inc scores 766681.96, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($2.2B) relative to total liabilities ($2K). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral

5/9

RXO Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

0.51x

For every $1 of reported earnings, RXO Inc generates $0.51 in operating cash flow ($51 OCF vs $100 net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

This page shows RXO Inc (RXO) 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

$6K

YoY-100.0%

5Y CAGR-93.0%

RXO Inc generated $6K in revenue in fiscal year 2025. This represents a decrease of 100.0% from the prior year.

EBITDA

$195

YoY-100.0%

5Y CAGR-93.2%

RXO Inc's EBITDA was $195 in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 100.0% from the prior year.

Free Cash Flow

-$8

YoY+100.0%

RXO Inc generated -$8 in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 100.0% from the prior year.

Net Income

$100

YoY+100.0%

5Y CAGR-92.5%

RXO Inc reported $100 in net income in fiscal year 2025. This represents an increase of 100.0% from the prior year.

EPS (Diluted)

$0.59

YoY+127.2%

5Y CAGR+9.8%

RXO Inc earned $0.59 per diluted share (EPS) in fiscal year 2025. This represents an increase of 127.2% from the prior year.

Cash & Debt

$17

YoY-100.0%

5Y CAGR-95.2%

RXO Inc held $17 in cash against $387 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

164M

YoY+1.0%

RXO Inc had 164M shares outstanding in fiscal year 2025. This represents an increase of 1.0% from the prior year.

Gross Margin

19.7%

YoY-1.9pp

5Y CAGR-3.8pp

RXO Inc's gross margin was 19.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.9 percentage points from the prior year.

Operating Margin

1.4%

YoY+2.6pp

5Y CAGR-0.4pp

RXO Inc's operating margin was 1.4% in fiscal year 2025, reflecting core business profitability. This is up 2.6 percentage points from the prior year.

Net Margin

1.7%

YoY+8.1pp

5Y CAGR+0.5pp

RXO Inc's net profit margin was 1.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 8.1 percentage points from the prior year.

Return on Equity

6.5%

5Y CAGR+2.5pp

RXO Inc's ROE was 6.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.

R&D Spending

N/A

Share Buybacks

RXO Inc spent $2 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$59

YoY-100.0%

5Y CAGR-93.4%

RXO Inc invested $59 in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 100.0% from the prior year.

RXO Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$6K-100.0%	$4.5B+15.9%	$3.9B-18.1%	$4.8B+2.3%	$4.7B+39.7%	$3.4B
Cost of Revenue	$5K-100.0%	$3.6B+20.2%	$3.0B-18.1%	$3.6B-1.5%	$3.7B+43.3%	$2.6B
Gross Profit	$1K-100.0%	$985.0M+2.6%	$960.0M-18.1%	$1.2B+16.3%	$1.0B+27.8%	$789.0M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$832-100.0%	$666.0M+12.7%	$591.0M-7.7%	$640.0M+18.7%	$539.0M+18.5%	$455.0M
Operating Income	$79+100.0%	-$56.0M-243.6%	$39.0M-68.3%	$123.0M-35.9%	$192.0M+220.0%	$60.0M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$15+100.0%	-$14.0M	$0-100.0%	$27.0M-34.1%	$41.0M+192.9%	$14.0M
Net Income	$100+100.0%	-$290.0M-7350.0%	$4.0M-95.7%	$92.0M-38.7%	$150.0M+248.8%	$43.0M
EPS (Diluted)	$0.59+127.2%	$-2.17-7333.3%	$0.03-96.2%	$0.79-39.2%	$1.30+251.4%	$0.37

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$1.5B+3.4%	$1.4B+0.1%	$1.4B-1.0%	$1.4B-14.0%	$1.7B+60.3%	$1.0B+11.8%	$930.0M+1.9%	$913.0M
Cost of Revenue	$1.2B+5.8%	$1.1B+1.7%	$1.1B-3.0%	$1.2B-15.0%	$1.4B+67.7%	$809.0M+15.6%	$700.0M+0.1%	$699.0M
Gross Profit	$266.0M-6.3%	$284.0M-5.6%	$301.0M+7.5%	$280.0M-9.7%	$310.0M+34.2%	$231.0M+0.4%	$230.0M+7.5%	$214.0M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$200.0M-3.8%	$208.0M-2.8%	$214.0M+1.9%	$210.0M-3.7%	$218.0M+46.3%	$149.0M-3.2%	$154.0M+6.2%	$145.0M
Operating Income	-$42.0M-500.0%	-$7.0M	$0+100.0%	-$30.0M-25.0%	-$24.0M-20.0%	-$20.0M	$0+100.0%	-$12.0M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	-$5.0M-400.0%	-$1.0M0.0%	-$1.0M+87.5%	-$8.0M0.0%	-$8.0M-900.0%	$1.0M+200.0%	-$1.0M+83.3%	-$6.0M
Net Income	-$46.0M-228.6%	-$14.0M-55.6%	-$9.0M+71.0%	-$31.0M-24.0%	-$25.0M+89.7%	-$243.0M-3371.4%	-$7.0M+53.3%	-$15.0M
EPS (Diluted)	$-0.28-250.0%	$-0.08-60.0%	$-0.05+72.2%	$-0.18-5.9%	$-0.17+90.6%	$-1.81-2916.7%	$-0.06+53.8%	$-0.13

RXO Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$3K-100.0%	$3.4B+87.1%	$1.8B-10.1%	$2.0B-1.8%	$2.1B	N/A
Current Assets	$1K-100.0%	$1.3B+68.2%	$796.0M-22.6%	$1.0B-5.0%	$1.1B	N/A
Cash & Equivalents	$17-100.0%	$35.0M+600.0%	$5.0M-94.9%	$98.0M+237.9%	$29.0M-58.6%	$70.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1K-100.0%	$1.2B+65.1%	$743.0M-17.4%	$900.0M-10.9%	$1.0B	N/A
Goodwill	$1K-100.0%	$1.1B+78.3%	$630.0M0.0%	$630.0M0.0%	$630.0M	N/A
Total Liabilities	$2K-100.0%	$1.8B+46.4%	$1.2B-14.8%	$1.4B+44.7%	$998.0M	N/A
Current Liabilities	$1K-100.0%	$1.1B+56.2%	$682.0M-17.1%	$823.0M+0.9%	$816.0M	N/A
Long-Term Debt	$387-100.0%	$351.0M-1.4%	$356.0M-21.1%	$451.0M	$0	N/A
Total Equity	$2K-100.0%	$1.6B+171.4%	$594.0M+1.2%	$587.0M-45.1%	$1.1B+0.2%	$1.1B
Retained Earnings	$384+100.0%	-$284.0M-4833.3%	$6.0M+200.0%	$2.0M	$0	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$3.3B+2.4%	$3.2B0.0%	$3.2B-3.1%	$3.3B-3.2%	$3.4B+0.6%	$3.4B+87.1%	$1.8B+0.8%	$1.8B
Current Assets	$1.3B+9.7%	$1.2B+1.4%	$1.2B-5.7%	$1.3B-6.3%	$1.3B+6.7%	$1.3B+61.7%	$776.0M+0.8%	$770.0M
Cash & Equivalents	$17.0M-32.0%	$25.0M+38.9%	$18.0M+12.5%	$16.0M-54.3%	$35.0M-36.4%	$55.0M+685.7%	$7.0M0.0%	$7.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.2B+11.1%	$1.1B+3.7%	$1.1B-7.4%	$1.1B-6.3%	$1.2B+7.8%	$1.1B+57.0%	$725.0M+1.3%	$716.0M
Goodwill	$1.1B-1.1%	$1.1B-0.2%	$1.1B+0.1%	$1.1B+0.1%	$1.1B+9.3%	$1.0B+63.0%	$630.0M0.0%	$630.0M
Total Liabilities	$1.7B+7.1%	$1.6B+0.5%	$1.6B-6.1%	$1.7B-4.7%	$1.8B+3.6%	$1.7B+41.0%	$1.2B+1.4%	$1.2B
Current Liabilities	$1.0B+14.4%	$907.0M+3.1%	$880.0M-8.7%	$964.0M-9.5%	$1.1B+12.5%	$947.0M+43.1%	$662.0M-1.8%	$674.0M
Long-Term Debt	$387.0M0.0%	$387.0M0.0%	$387.0M0.0%	$387.0M+10.3%	$351.0M-0.3%	$352.0M-4.9%	$370.0M+5.4%	$351.0M
Total Equity	$1.5B-2.5%	$1.6B-0.5%	$1.6B+0.1%	$1.6B-1.6%	$1.6B-2.4%	$1.7B+185.3%	$579.0M-0.5%	$582.0M
Retained Earnings	-$384.0M-13.6%	-$338.0M-4.3%	-$324.0M-2.9%	-$315.0M-10.9%	-$284.0M-9.7%	-$259.0M-1518.8%	-$16.0M-77.8%	-$9.0M

RXO Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$51+100.0%	-$12.0M-113.5%	$89.0M-71.3%	$310.0M+100.0%	$155.0M+520.0%	$25.0M
Capital Expenditures	$59-100.0%	$45.0M-29.7%	$64.0M+12.3%	$57.0M+46.2%	$39.0M-17.0%	$47.0M
Free Cash Flow	-$8+100.0%	-$57.0M-328.0%	$25.0M-90.1%	$253.0M+118.1%	$116.0M+627.3%	-$22.0M
Investing Cash Flow	$71+100.0%	-$1.1B-1512.1%	-$66.0M-17.9%	-$56.0M-47.4%	-$38.0M+2.6%	-$39.0M
Financing Cash Flow	$1-100.0%	$1.1B+1047.0%	-$117.0M+36.1%	-$183.0M-15.8%	-$158.0M-593.8%	$32.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$2	$0-100.0%	$2.0M	$0	$0	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$7.0M-69.6%	$23.0M0.0%	$23.0M+1250.0%	-$2.0M+71.4%	-$7.0M0.0%	-$7.0M-40.0%	-$5.0M-171.4%	$7.0M
Capital Expenditures	$16.0M+14.3%	$14.0M0.0%	$14.0M-6.7%	$15.0M+25.0%	$12.0M+9.1%	$11.0M0.0%	$11.0M0.0%	$11.0M
Free Cash Flow	-$9.0M-200.0%	$9.0M0.0%	$9.0M+152.9%	-$17.0M+10.5%	-$19.0M-5.6%	-$18.0M-12.5%	-$16.0M-300.0%	-$4.0M
Investing Cash Flow	-$15.0M-15.4%	-$13.0M+27.8%	-$18.0M+28.0%	-$25.0M-108.3%	-$12.0M+98.8%	-$1.0B-9263.6%	-$11.0M0.0%	-$11.0M
Financing Cash Flow	$0+100.0%	-$3.0M0.0%	-$3.0M-142.9%	$7.0M+600.0%	$1.0M-99.9%	$1.1B+6681.3%	$16.0M+166.7%	$6.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	$0	$0	N/A	N/A

RXO Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	19.7%-1.9pp	21.6%-2.8pp	24.4%0.0pp	24.4%+2.9pp	21.5%-2.0pp	23.5%
Operating Margin	1.4%+2.6pp	-1.2%-2.2pp	1.0%-1.6pp	2.6%-1.5pp	4.1%+2.3pp	1.8%
Net Margin	1.7%+8.1pp	-6.4%-6.5pp	0.1%-1.8pp	1.9%-1.3pp	3.2%+1.9pp	1.3%
Return on Equity	6.5%	N/A	0.7%-15.0pp	15.7%+1.7pp	14.0%+10.0pp	4.0%
Return on Assets	3.0%+11.5pp	-8.5%-8.7pp	0.2%-4.3pp	4.5%-2.7pp	7.2%	N/A
Current Ratio	1.27+0.0	1.26+0.1	1.17-0.1	1.25-0.1	1.33	N/A
Debt-to-Equity	0.25+0.0	0.22-0.4	0.60-0.2	0.77+0.8	0.00	N/A
FCF Margin	-0.1%+1.1pp	-1.3%-1.9pp	0.6%-4.6pp	5.3%+2.8pp	2.5%+3.1pp	-0.7%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	18.1%-1.9pp	20.0%-1.2pp	21.2%+1.7pp	19.5%+0.9pp	18.6%-3.6pp	22.2%-2.5pp	24.7%+1.3pp	23.4%
Operating Margin	-2.9%-2.4pp	-0.5%-0.5pp	0.0%+2.1pp	-2.1%-0.6pp	-1.4%+0.5pp	-1.9%-1.9pp	0.0%+1.3pp	-1.3%
Net Margin	-3.1%-2.1pp	-1.0%-0.4pp	-0.6%+1.5pp	-2.2%-0.7pp	-1.5%+21.9pp	-23.4%-22.6pp	-0.8%+0.9pp	-1.6%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-1.4%-1.0pp	-0.4%-0.2pp	-0.3%+0.7pp	-0.9%-0.2pp	-0.7%+6.4pp	-7.2%-6.8pp	-0.4%+0.4pp	-0.8%
Current Ratio	1.27-0.1	1.32-0.0	1.35+0.0	1.30+0.0	1.26-0.1	1.33+0.2	1.17+0.0	1.14
Debt-to-Equity	0.250.0	0.240.0	0.240.0	0.24+0.0	0.220.0	0.21-0.4	0.64+0.0	0.60
FCF Margin	-0.6%-1.2pp	0.6%0.0pp	0.6%+1.8pp	-1.2%-0.1pp	-1.1%+0.6pp	-1.7%0.0pp	-1.7%-1.3pp	-0.4%

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Frequently Asked Questions

What is RXO Inc's annual revenue?

RXO Inc (RXO) reported $6K in total revenue for fiscal year 2025. This represents a -100.0% 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 RXO Inc's revenue growing?

RXO Inc (RXO) revenue declined by 100% year-over-year, from $4.5B to $6K in fiscal year 2025.

Is RXO Inc profitable?

Yes, RXO Inc (RXO) reported a net income of $100 in fiscal year 2025, with a net profit margin of 1.7%.

What is RXO Inc's earnings per share (EPS)?

RXO Inc (RXO) reported diluted earnings per share of $0.59 for fiscal year 2025. This represents a 127.2% 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 RXO Inc's EBITDA?

RXO Inc (RXO) had EBITDA of $195 in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does RXO Inc have?

As of fiscal year 2025, RXO Inc (RXO) had $17 in cash and equivalents against $387 in long-term debt.

What is RXO Inc's gross margin?

RXO Inc (RXO) had a gross margin of 19.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is RXO Inc's operating margin?

RXO Inc (RXO) had an operating margin of 1.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is RXO Inc's net profit margin?

RXO Inc (RXO) had a net profit margin of 1.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is RXO Inc's return on equity (ROE)?

RXO Inc (RXO) has a return on equity of 6.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is RXO Inc's free cash flow?

RXO Inc (RXO) generated -$8 in free cash flow during fiscal year 2025. This represents a 100.0% 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 RXO Inc's operating cash flow?

RXO Inc (RXO) generated $51 in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are RXO Inc's total assets?

RXO Inc (RXO) had $3K in total assets as of fiscal year 2025, including both current and long-term assets.

What are RXO Inc's capital expenditures?

RXO Inc (RXO) invested $59 in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does RXO Inc buy back shares?

Yes, RXO Inc (RXO) spent $2 on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does RXO Inc have outstanding?

RXO Inc (RXO) had 164M shares outstanding as of fiscal year 2025.

What is RXO Inc's current ratio?

RXO Inc (RXO) had a current ratio of 1.27 as of fiscal year 2025, which is considered adequate.

What is RXO Inc's debt-to-equity ratio?

RXO Inc (RXO) had a debt-to-equity ratio of 0.25 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is RXO Inc's return on assets (ROA)?

RXO Inc (RXO) had a return on assets of 3.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is RXO Inc's Altman Z-Score?

RXO Inc (RXO) has an Altman Z-Score of 766681.96, placing it in the Safe Zone (low 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 RXO Inc's Piotroski F-Score?

RXO Inc (RXO) has a Piotroski F-Score of 5 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 RXO Inc's earnings high quality?

RXO Inc (RXO) has an earnings quality ratio of 0.51x, considered mixed 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.

How financially healthy is RXO Inc?

RXO Inc (RXO) scores 27 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.