GXO Logistics, Inc.GXO
NYSE•Industrials•Integrated Freight & Logistics
GXO Logistics, Inc., together with its subsidiaries, provides logistics services worldwide. It provides warehousing and distribution, order fulfilment, e-commerce, reverse logistics, and other supply chain services. As of December 31, 2025, it operated in 1,043 facilities. The company serves a range of customers in the e-commerce, omnichannel retail, technology and consumer electronics, food and beverage, industrial and manufacturing, consumer packaged goods, and other industries. GXO Logistics, Inc. was incorporated in 2021 and is headquartered in Greenwich, Connecticut.
GXO Logistics, Inc. (GXO) reported trailing twelve months revenue of $13.50B as of March 2026, a 10.4% increase year-over-year. Quarterly revenue reached $3.30B, reflecting continued top-line momentum.
GXO Logistics, Inc. generated $132.00M in TTM net income, with quarterly EBITDA of $39.00M. The operating margin expanded from -1.9% to 1.2%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (1.2%) and net margin (0.1%) indicates tight cost control with minimal non-operating drag. Net margin has improved from -3.2% a year ago, signaling stronger bottom-line efficiency.
GXO trades at a P/E of 41.8x (a premium multiple) and a P/S of 0.4x. The price-to-book ratio of 1.9x reflects a moderate premium to book value.
The company reported negative free cash flow of $-34.00M, indicating cash consumption over the period. The balance sheet shows $12.19B in total assets with $2.65B in long-term debt against $2.97B in stockholders equity for a debt-to-equity ratio of 0.9. Data based on the most recent quarterly reports.
Competitive analysis based on 20 quarters of fundamental data
Operating margins are under pressure, averaging 2.1%. The business may lack pricing power or face rising costs.'
ROE is positive at ~3.3% on average, adequate but below the threshold typically associated with wide moats.
5 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
TTM revenue has grown consistently (7 of 7 quarters up), with ~30.3% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 20 quarters
The company posted negative operating margins in recent quarters — core operations are unprofitable.
FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.
D/E ratio is 0.9 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
FCF turned negative in 3 of the last 8 quarters — occasional cash consumption.
Shares decreased 3.9% — net buybacks are reducing shares outstanding and boosting per-share value.