XPO Logistics, Inc. (XPO) Financial Ratios
25 years of historical data (2001–2025) · Industrials · Integrated Freight & Logistics
EV/EBITDA
↑
22.94
↑+60% vs avg
5yr avg: 14.32
30Y Low0.6·High20.7
P/FCF
↑
73.80
↓-74% vs avg
5yr avg: 280.60
30Y Low2.1·High49.2
P/B Ratio
↑
13.22
↑+88% vs avg
5yr avg: 7.02
30Y Low0.2·High9.8
ROE
↑
18.3%
↑-35% vs avg
5yr avg: 28.1%
30Y Low-84%·High62%
Debt/EBITDA
↓
3.76
↓-16% vs avg
5yr avg: 4.48
30Y Low0.0·High16.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
XPO Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
XPO Logistics, Inc. trades at 78.3x earnings, 133% above its 5-year average of 33.6x, sitting at the 100th percentile of its historical range. Compared to the Industrials sector median P/E of 25.5x, the stock trades at a premium of 207%. On a free-cash-flow basis, the stock trades at 73.8x P/FCF, 74% below the 5-year average of 280.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $24.3B | $16.2B | $15.7B | $10.3B | $3.9B | $5.2B | $4.2B | $2.9B | $2.7B | $4.0B | $1.8B |
| Enterprise Value | $28.7B | $20.6B | $19.6B | $14.0B | $6.6B | $9.3B | $9.8B | $10.1B | $6.4B | $8.2B | $6.3B |
| P/E Ratio → | 78.34 | 51.48 | 40.60 | 54.74 | 5.78 | 15.60 | 52.86 | 7.72 | 6.85 | 12.93 | 28.15 |
| P/S Ratio | 2.98 | 1.98 | 1.95 | 1.33 | 0.50 | 0.73 | 0.68 | 0.27 | 0.15 | 0.26 | 0.13 |
| P/B Ratio | 13.22 | 8.69 | 9.84 | 8.16 | 3.82 | 4.61 | 1.48 | 1.01 | 0.67 | 1.01 | 0.60 |
| P/FCF | 73.80 | 49.16 | 1049.20 | — | 12.42 | 11.60 | 6.61 | 15.38 | 4.83 | 13.73 | 12.90 |
| P/OCF | 24.63 | 16.40 | 19.57 | 15.15 | 4.64 | 7.27 | 4.75 | 3.69 | 2.42 | 5.07 | 2.93 |
P/E links to full P/E history page with 30-year chart
XPO EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
XPO Logistics, Inc.'s enterprise value stands at 22.9x EBITDA, 60% above its 5-year average of 14.3x. The Industrials sector median is 13.8x, placing the stock at a 67% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.52 | 2.43 | 1.81 | 0.86 | 1.29 | 1.60 | 0.94 | 0.37 | 0.53 | 0.43 |
| EV / EBITDA | 22.94 | 16.45 | 17.05 | 16.13 | 8.64 | 13.33 | 20.72 | 9.78 | 4.53 | 6.59 | 5.72 |
| EV / EBIT | 39.33 | 28.21 | 28.17 | 32.80 | 16.91 | 29.22 | 68.36 | 17.67 | 8.21 | 15.00 | 13.52 |
| EV / FCF | — | 62.51 | 1307.27 | — | 21.37 | 20.56 | 15.48 | 52.92 | 11.67 | 27.73 | 44.55 |
XPO Profitability
Margins and return-on-capital ratios measuring operating efficiency
XPO Logistics, Inc. earns an operating margin of 8.9%, above the Industrials sector average of 4.9%. Operating margins have expanded from 5.7% to 8.9% over the past 3 years, signaling improving operational efficiency. ROE of 18.3% indicates solid capital efficiency, compared to the sector median of 8.2%. ROIC of 9.3% represents adequate returns on invested capital versus a sector median of 6.3%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 12.0% | 12.0% | 11.3% | 9.9% | 9.5% | 7.3% | 15.1% | 15.6% | 14.7% | 14.6% | 14.5% |
| Operating Margin | 8.9% | 8.9% | 8.2% | 5.7% | 4.9% | 4.3% | 1.6% | 5.3% | 4.1% | 3.8% | 3.2% |
| Net Profit Margin | 3.9% | 3.9% | 4.8% | 2.4% | 8.6% | 4.7% | 1.8% | 3.9% | 2.4% | 2.2% | 0.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 18.3% | 18.3% | 27.0% | 16.6% | 62.0% | 16.9% | 3.8% | 12.2% | 10.6% | 9.6% | 2.3% |
| ROA | 4.0% | 4.0% | 5.1% | 2.7% | 8.9% | 2.7% | 0.7% | 3.2% | 3.4% | 2.8% | 0.6% |
| ROIC | 9.3% | 9.3% | 9.5% | 7.5% | 6.3% | 3.4% | 0.8% | 4.7% | 6.7% | 5.6% | 4.4% |
| ROCE | 11.3% | 11.3% | 10.8% | 8.2% | 6.9% | 3.6% | 0.9% | 5.7% | 7.6% | 6.3% | 4.9% |
XPO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
XPO Logistics, Inc. carries a Debt/EBITDA ratio of 3.8x, which is moderately leveraged (18% above the sector average of 3.2x). Net debt stands at $4.4B ($4.7B total debt minus $310M cash). Interest coverage of 3.3x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.53 | 2.53 | 2.57 | 3.25 | 3.21 | 3.76 | 2.59 | 2.59 | 1.08 | 1.13 | 1.60 |
| Debt / EBITDA | 3.76 | 3.76 | 3.58 | 4.73 | 4.22 | 6.13 | 15.51 | 7.31 | 3.01 | 3.65 | 4.40 |
| Net Debt / Equity | — | 2.36 | 2.42 | 2.92 | 2.75 | 3.56 | 1.98 | 2.46 | 0.95 | 1.03 | 1.48 |
| Net Debt / EBITDA | 3.51 | 3.51 | 3.37 | 4.25 | 3.62 | 5.80 | 11.87 | 6.94 | 2.65 | 3.33 | 4.06 |
| Debt / FCF | — | 13.35 | 258.07 | — | 8.95 | 8.95 | 8.86 | 37.54 | 6.84 | 13.99 | 31.65 |
| Interest Coverage | 3.33 | 3.33 | 3.12 | 2.55 | 2.91 | 1.51 | 0.47 | 2.12 | 3.61 | 1.92 | 1.30 |
XPO Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.05x means XPO Logistics, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.05 | 1.05 | 1.06 | 1.00 | 1.08 | 1.05 | 1.04 | 1.03 | 1.11 | 1.20 | 1.13 |
| Quick Ratio | 1.05 | 1.05 | 1.06 | 1.00 | 1.08 | 1.05 | 1.04 | 1.03 | 1.11 | 1.20 | 1.13 |
| Cash Ratio | 0.20 | 0.20 | 0.17 | 0.26 | 0.31 | 0.09 | 0.34 | 0.12 | 0.15 | 0.13 | 0.14 |
| Asset Turnover | — | 1.00 | 1.05 | 1.03 | 1.23 | 0.83 | 0.38 | 0.76 | 1.41 | 1.22 | 1.25 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 46.31 | 44.18 | 45.86 | 45.12 | 46.02 | 99.42 | 85.43 | 54.84 | 64.67 | 57.76 |
XPO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
XPO Logistics, Inc. returns 0.5% to shareholders annually primarily through share buybacks. The earnings yield of 1.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | 0.3% | 0.3% | 0.0% | 0.1% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | 0.1% | 2.9% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.3% | 1.9% | 2.5% | 1.8% | 17.3% | 6.4% | 1.9% | 12.9% | 14.6% | 7.7% | 3.6% |
| FCF Yield | 1.4% | 2.0% | 0.1% | — | 8.1% | 8.6% | 15.1% | 6.5% | 20.7% | 7.3% | 7.8% |
| Buyback Yield | 0.5% | 0.8% | 0.8% | 0.2% | 0.7% | 0.0% | 2.7% | 46.1% | 20.1% | 0.0% | 0.6% |
| Total Shareholder Yield | 0.5% | 0.8% | 0.8% | 0.2% | 0.7% | 0.0% | 2.7% | 46.4% | 20.4% | 0.0% | 0.7% |
| Shares Outstanding | — | $119M | $120M | $118M | $116M | $114M | $102M | $106M | $135M | $128M | $123M |
Peer Comparison
Compare XPO with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 XPOYou | $24B | 78.3 | 22.9 | 73.8 | 12.0% | 8.9% | 18.3% | 9.3% | 3.8 |
 ODFL | $41B | 41.0 | 23.9 | 43.2 | 32.2% | 24.8% | 23.9% | 23.6% | 0.1 |
 SAIA | $12B | 47.2 | 20.6 | 438.0 | 23.7% | 10.9% | 10.4% | 9.4% | 0.7 |
 ARCB | $3B | 46.5 | 12.6 | 23.8 | 2.3% | 2.3% | 4.6% | 3.9% | 2.6 |
 TFII | $11B | 26.6 | 9.2 | 11.5 | 12.2% | 6.9% | 16.2% | 9.7% | 2.3 |
 UPS | $85B | 15.3 | 9.1 | 17.8 | 18.5% | 9.6% | 33.8% | 16.1% | 2.6 |
 FDX | $88B | 22.4 | 11.6 | 29.7 | 21.6% | 6.9% | 14.7% | 7.7% | 3.6 |
 CHRW | $20B | 35.5 | 24.3 | 22.7 | 8.4% | 4.9% | 32.9% | 18.0% | 1.8 |
 EXPD | $20B | 25.5 | 17.5 | 21.2 | 15.3% | 9.5% | 35.5% | 48.4% | 0.5 |
 FWRD | $547M | -5.0 | 13.8 | 35.8 | 20.5% | 1.5% | -48.2% | 1.2% | 11.4 |
 PCAR | $60B | 25.3 | 13.4 | 19.8 | 16.2% | 10.4% | 12.9% | 12.2% | — |
| Industrials Median | — | 25.5 | 13.8 | 20.7 | 32.7% | 4.9% | 8.2% | 6.3% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonXPO — Frequently Asked Questions
Quick answers to the most common questions about buying XPO stock.
What is XPO Logistics, Inc.'s P/E ratio?
XPO Logistics, Inc.'s current P/E ratio is 78.3x. The historical average is 19.2x. This places it at the 100th percentile of its historical range.
What is XPO Logistics, Inc.'s EV/EBITDA?
XPO Logistics, Inc.'s current EV/EBITDA is 22.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.9x.
What is XPO Logistics, Inc.'s ROE?
XPO Logistics, Inc.'s return on equity (ROE) is 18.3%. The historical average is 4.8%.
Is XPO stock overvalued?
Based on historical data, XPO Logistics, Inc. is trading at a P/E of 78.3x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are XPO Logistics, Inc.'s profit margins?
XPO Logistics, Inc. has 12.0% gross margin and 8.9% operating margin.
How much debt does XPO Logistics, Inc. have?
XPO Logistics, Inc.'s Debt/EBITDA ratio is 3.8x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.