RXO, Inc. (RXO) 10-Year Financial Performance & Capital Metrics

RXO • • Industrial / General

IndustrialsTruckingLogistics & Brokerage ServicesDigital Freight Brokerage

AboutRXO provides truckload freight transportation brokerage in the United States. The company, through a proprietary digital freight marketplace, offers access to truckload capacity and complementary brokered services of managed transportation, last mile, and freight forwarding. The company is based in Charlotte, North Carolina.Show more

Revenue $4.55B +15.9%
EBITDA $31M -70.8%
Net Income -$290M -7350.0%
EPS (Diluted) -2.17 -6577.6%
Gross Margin 17.21% -6.8%
EBITDA Margin 0.68% -74.8%
Operating Margin -1.23% -223.9%
Net Margin -6.37% -6354.8%
ROE -26.29% -3981.3%
ROIC -2.48% -195.5%
Debt/Equity 0.41 -56.2%
Interest Coverage -1.87 -253.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 1.3x book value
✓Efficient asset utilization: 1.3x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 11.7% in last year
✗Thin 5Y average net margin of 0.0%
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-1%

TTM53.85%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM69.96%

EPS CAGR

10Y-

5Y-

3Y-

TTM78.14%

ROCE

10Y Avg6.07%

5Y Avg6.07%

3Y Avg3.37%

Latest-3.21%

Peer Comparison

Digital Freight Brokerage

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
RXORXO, Inc.	2.56B	15.58	-7.18	15.86%	-1.33%	-5%		0.41

Profit & Loss

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	3.36B	4.69B	4.8B	3.93B	4.55B
Revenue Growth %	-	0.4%	0.02%	-0.18%	0.16%
Cost of Goods Sold+	2.82B	3.95B	3.94B	3.2B	3.77B
COGS % of Revenue	0.84%	0.84%	0.82%	0.82%	0.83%
Gross Profit+	539M	735M	860M	725M	783M
Gross Margin %	0.16%	0.16%	0.18%	0.18%	0.17%
Gross Profit Growth %	-	0.36%	0.17%	-0.16%	0.08%
Operating Expenses+	479M	543M	737M	686M	839M
OpEx % of Revenue	0.14%	0.12%	0.15%	0.17%	0.18%
Selling, General & Admin	455M	539M	640M	0	0
SG&A % of Revenue	0.14%	0.11%	0.13%	-	-
Research & Development	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-
Other Operating Expenses	24M	4M	97M	686M	839M
Operating Income+	60M	192M	123M	39M	-56M
Operating Margin %	0.02%	0.04%	0.03%	0.01%	-0.01%
Operating Income Growth %	-	2.2%	-0.36%	-0.68%	-2.44%
EBITDA+	136M	273M	209M	106M	31M
EBITDA Margin %	0.04%	0.06%	0.04%	0.03%	0.01%
EBITDA Growth %	-	1.01%	-0.23%	-0.49%	-0.71%
D&A (Non-Cash Add-back)	76M	81M	86M	67M	87M
EBIT	57M	191M	123M	67M	30M
Net Interest Income+	0	0	-4M	-32M	-30M
Interest Income	0	0	0	0	0
Interest Expense	0	0	4M	32M	30M
Other Income/Expense	-3M	-1M	-4M	-35M	-248M
Pretax Income+	57M	191M	119M	4M	-304M
Pretax Margin %	0.02%	0.04%	0.02%	0%	-0.07%
Income Tax+	14M	41M	27M	0	-14M
Effective Tax Rate %	0.75%	0.79%	0.77%	1%	0.95%
Net Income+	43M	150M	92M	4M	-290M
Net Margin %	0.01%	0.03%	0.02%	0%	-0.06%
Net Income Growth %	-	2.49%	-0.39%	-0.96%	-73.5%
Net Income (Continuing)	43M	150M	92M	4M	-290M
Discontinued Operations	0	0	0	0	0
Minority Interest	0	0	0	0	0
EPS (Diluted)+	0.37	1.29	0.79	0.03	-2.17
EPS Growth %	-	2.49%	-0.39%	-0.96%	-65.78%
EPS (Basic)	0.37	1.29	0.79	0.03	-2.17
Diluted Shares Outstanding	116.4M	116.4M	116.4M	119.46M	133.41M
Basic Shares Outstanding	116.4M	116.4M	116.4M	116.87M	133.41M
Dividend Payout Ratio	-	-	-	-	-

Balance Sheet

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	862M	1.08B	1.03B	796M	1.34B
Cash & Short-Term Investments	70M	29M	98M	5M	35M
Cash Only	70M	29M	98M	5M	35M
Short-Term Investments	0	0	0	0	0
Accounts Receivable	772M	1.01B	900M	743M	1.23B
Days Sales Outstanding	83.94	78.62	68.49	69.06	98.43
Inventory	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-
Other Current Assets	20M	44M	31M	48M	77M
Total Non-Current Assets+	1.01B	985M	1B	1.03B	2.08B
Property, Plant & Equipment	236M	239M	278M	319M	411M
Fixed Asset Turnover	14.22x	19.62x	17.25x	12.31x	11.07x
Goodwill	630M	630M	630M	630M	1.12B
Intangible Assets	124M	100M	79M	68M	499M
Long-Term Investments	0	0	0	0	0
Other Non-Current Assets	18M	16M	15M	12M	42M
Total Assets+	1.87B	2.07B	2.03B	1.82B	3.41B
Asset Turnover	1.80x	2.27x	2.36x	2.15x	1.33x
Asset Growth %	-	0.11%	-0.02%	-0.1%	0.87%
Total Current Liabilities+	629M	816M	823M	682M	1.06B
Accounts Payable	390M	520M	501M	414M	568M
Days Payables Outstanding	50.51	48	46.46	47.19	55.04
Short-Term Debt	0	0	4M	3M	17M
Deferred Revenue (Current)	0	0	0	0	0
Other Current Liabilities	5M	6M	14M	13M	26M
Current Ratio	1.37x	1.33x	1.25x	1.17x	1.26x
Quick Ratio	1.37x	1.33x	1.25x	1.17x	1.26x
Cash Conversion Cycle	-	-	-	-	-
Total Non-Current Liabilities+	173M	182M	621M	549M	737M
Long-Term Debt	0	0	451M	352M	351M
Capital Lease Obligations	86M	93M	114M	150M	215M
Deferred Tax Liabilities	49M	52M	16M	7M	88M
Other Non-Current Liabilities	38M	37M	40M	40M	83M
Total Liabilities	802M	998M	1.44B	1.23B	1.8B
Total Debt+	116M	135M	617M	558M	664M
Net Debt	46M	106M	519M	553M	629M
Debt / Equity	0.11x	0.13x	1.05x	0.94x	0.41x
Debt / EBITDA	0.85x	0.49x	2.95x	5.26x	21.42x
Net Debt / EBITDA	0.34x	0.39x	2.48x	5.22x	20.29x
Interest Coverage	-	-	30.75x	1.22x	-1.87x
Total Equity+	1.07B	1.07B	587M	594M	1.61B
Equity Growth %	-	0%	-0.45%	0.01%	1.71%
Book Value per Share	9.18	9.19	5.04	4.97	12.08
Total Shareholders' Equity	1.07B	1.07B	587M	594M	1.61B
Common Stock	0	0	1M	1M	2M
Retained Earnings	0	0	2M	6M	-284M
Treasury Stock	0	0	0	0	0
Accumulated OCI	-2M	-2M	-4M	-3M	-10M
Minority Interest	0	0	0	0	0

Cash Flow

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	25M	155M	310M	89M	-12M
Operating CF Margin %	0.01%	0.03%	0.06%	0.02%	-0%
Operating CF Growth %	-	5.2%	1%	-0.71%	-1.13%
Net Income	43M	150M	92M	4M	-290M
Depreciation & Amortization	76M	81M	86M	67M	87M
Stock-Based Compensation	8M	8M	32M	19M	23M
Deferred Taxes	-9M	3M	-20M	-8M	-19M
Other Non-Cash Items	14M	3M	6M	9M	236M
Working Capital Changes	-107M	-90M	114M	-2M	-49M
Change in Receivables	-264M	-242M	92M	158M	-109M
Change in Inventory	0	0	0	0	0
Change in Payables	87M	129M	-14M	-86M	-65M
Cash from Investing+	-39M	-38M	-56M	-66M	-1.06B
Capital Expenditures	-47M	-39M	-57M	-64M	-45M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.02%	0.01%
Acquisitions	-	-	-	-	-
Investments	-	-	-	-	-
Other Investing	8M	1M	1M	-2M	0
Cash from Financing+	32M	-158M	-183M	-117M	1.11B
Debt Issued (Net)	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-
Dividends Paid	0	0	0	0	0
Share Repurchases	-	-	-	-	-
Other Financing	32M	-158M	-634M	-16M	-26M
Net Change in Cash	-	-	-	-	-
Free Cash Flow+	-22M	116M	253M	25M	-57M
FCF Margin %	-0.01%	0.02%	0.05%	0.01%	-0.01%
FCF Growth %	-	6.27%	1.18%	-0.9%	-3.28%
FCF per Share	-0.19	1.00	2.17	0.21	-0.43
FCF Conversion (FCF/Net Income)	0.58x	1.03x	3.37x	22.25x	0.04x
Interest Paid	0	0	0	32M	0
Taxes Paid	2M	5M	3M	27M	4M

Key Ratios

Metric	2020	2021	2022	2023	2024
Return on Equity (ROE)	4.03%	14.03%	11.1%	0.68%	-26.29%
Return on Invested Capital (ROIC)	4.04%	12.58%	8.09%	2.6%	-2.48%
Gross Margin	16.06%	15.68%	17.93%	18.46%	17.21%
Net Margin	1.28%	3.2%	1.92%	0.1%	-6.37%
Debt / Equity	0.11x	0.13x	1.05x	0.94x	0.41x
Interest Coverage	-	-	30.75x	1.22x	-1.87x
FCF Conversion	0.58x	1.03x	3.37x	22.25x	0.04x
Revenue Growth	-	39.68%	2.28%	-18.12%	15.86%

Revenue by Segment

	2022	2023	2024
Truck Brokerage	2.93B	2.36B	3.03B
Truck Brokerage Growth	-	-19.49%	28.46%
Last Mile	1.06B	1.01B	1.05B
Last Mile Growth	-	-4.43%	4.04%
Freight Forwarding	422M	251M	-
Freight Forwarding Growth	-	-40.52%	-

Frequently Asked Questions

Growth & Financials

RXO, Inc. (RXO) reported $5.94B in revenue for fiscal year 2024. This represents a 77% increase from $3.36B in 2020.

RXO, Inc. (RXO) grew revenue by 15.9% over the past year. This is strong growth.

RXO, Inc. (RXO) reported a net loss of $79.0M for fiscal year 2024.

Dividend & Returns

RXO, Inc. (RXO) has a return on equity (ROE) of -26.3%. Negative ROE indicates the company is unprofitable.

RXO, Inc. (RXO) had negative free cash flow of $18.0M in fiscal year 2024, likely due to heavy capital investments.

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