What are XPO's profit margins?

XPO (XPO) runs a 29.6% gross margin and a 8.2% operating margin, with a 4.2% net margin.

Where do XPO's ratios come from?

Every ratio is computed from XPO's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

XPO XPO Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Operating margin	8.2%-0.2pp	8%-0.1pp	8.2%+0.4pp	8.4%+0.8pp	8.4%+1.8pp
Net margin	4.2%-0.7pp	3.9%-0.9pp	4.1%-0.5pp	4.3%-0.2pp	4.9%+1.8pp
EBITDA margin	14.6%0.0pp	14.4%+0.2pp	14.6%+0.9pp	14.7%+1.4pp	14.6%+2.3pp
Free cash flow margin	5.5%—	4%—	2.9%—	——	——
Returns
Return on equity	19.9%-6.2pp	18.3%-8.7pp	19.2%-6.9pp	21%-6.4pp	26.2%+5.9pp
Return on assets	4.3%-0.7pp	4%-1.1pp	4.1%-1.0pp	4.4%-0.7pp	5%+1.6pp
Return on invested capital	8.8%-1.2pp	8%-1.6pp	8.7%-2.0pp	8.7%-1.8pp	10%+2.0pp
Efficiency
Asset turnover	1×0.0×	1×0.0×	1×-0.1×	1×-0.1×	1×-0.1×
Liquidity
Current ratio	1×0.0×	1×0.0×	1×0.0×	1×0.0×	1×+0.1×
Quick ratio	1×0.0×	1×0.0×	1×0.0×	1×0.0×	1×+0.1×
Cash ratio	0.1×0.0×	0.2×0.0×	0.2×0.0×	0.1×0.0×	0.1×0.0×
Leverage
Debt-to-equity	2.2×-0.3×	2.4×-0.4×	2.3×-0.3×	2.4×-0.4×	2.6×-0.6×
Debt-to-assets	0.5×0.0×	0.5×0.0×	0.5×0.0×	0.5×0.0×	0.5×0.0×
Net debt / EBITDA	3.3×-0.2×	3.5×-0.2×	3.3×-0.2×	3.5×-0.3×	3.5×-0.7×
Interest coverage	3.1×+0.1×	3×0.0×	3×+0.1×	3×0.0×	3×+0.2×
Per Share
Book value per share	$15.55+13.8%	$15.64+17.2%	$15.14+10.7%	$14.97+19.8%	$13.67+23.1%
Valuation
Market capitalization	$22.79B+80.7%	$15.95B+4.5%	$15.22B+21.7%	$14.84B+20.1%	$12.61B-11.0%
Enterprise value	$26.73B+60.5%	$20.1B+3.1%	$19.13B+16.3%	$18.91B+15.4%	$16.65B-8.5%
Price / earnings	65.5×+33.1×	50.5×+11.0×	45.9×+12.0×	43×+8.6×	32.4×-26.1×
Price / sales	2.7×+1.2×	2×+0.1×	1.9×+0.3×	1.9×+0.3×	1.6×-0.2×
Price / book	12.3×+4.6×	8.6×-1.0×	8.4×+0.8×	8.3×+0.1×	7.7×-2.9×
EV / EBITDA	22.1×+7.9×	17.1×+0.1×	16.3×+1.4×	16×+0.7×	14.2×-4.6×
EV / sales	3.2×+1.1×	2.5×0.0×	2.4×+0.3×	2.4×+0.3×	2.1×-0.2×
Free cash flow yield	2%—	2.1%—	1.5%—	——	——
Earnings yield	1.5%-1.6pp	2%-0.6pp	2.2%-0.8pp	2.3%-0.6pp	3.1%+1.4pp

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Questions, answered.

What are XPO's profit margins?: XPO (XPO) runs a 29.6% gross margin and a 8.2% operating margin, with a 4.2% net margin.
Where do XPO's ratios come from?: Every ratio is computed from XPO's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.