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RXO, Inc. key statistics and ratios

In fiscal 2025, RXO, Inc. had return on equity of -6.3%, an operating margin of -1.4%, debt equal to 26.2% of equity and a current ratio of 1.27. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Operating margin1.8%4.1%2.6%1.0%−1.2%−1.4%−0.8%
Net margin1.3%3.2%1.9%0.1%−6.4%−1.7%−1.3%
Free-cash-flow margin−0.7%2.5%5.3%0.6%−1.3%−0.1%−1.1%
Return on equity4.0%14.0%11.1%0.7%−26.3%−6.3%−5.8%
Return on assets—7.3%4.5%0.2%−11.1%−3.0%−2.6%
Asset turnover—2.272.342.041.741.721.93
Current ratio—1.331.251.171.261.271.28
Debt to equity0.0%0.0%77.5%60.4%22.8%26.2%32.7%
Effective tax rate24.6%21.5%22.7%0.0%———
SG&A as % of revenue13.6%11.5%13.3%15.0%14.6%14.5%12.7%
Capital spending as % of revenue1.4%0.8%1.2%1.6%1.0%1.0%0.9%
Free cash flow ÷ net income−51.2%77.3%275.0%625.0%———
Dividends and buybacks ÷ free cash flow—0.0%0.0%8.0%———

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 5 checks passed · September 30, 2026
What it owns · $3.5bn
Short-term assets $1.6bnLonger-term assets $1.9bn
What it owes, and who funded it · $2.8bn
Short-term liabilities $1.3bnShareholders' equity $1.5bn
  • Short-term assets cover short-term liabilities $1.6bn of assets due within a year against $1.3bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $25m of cash against $496m of debt.
  • Debt below 40% of shareholders' equity Debt is 33% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 0% to 33% over five years.
  • A year's operating cash flow covers at least 20% of debt −$15m of operating cash flow against $496m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From RXO, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

18 /100

Weak moat

How hard RXO's competitive advantage looks for rivals to wear away, judged from 5 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -2.5% of total assets over 5 years.

  • Durability 10 / 20

    Operating margin has been a median -0.5%; its worst year was -1.0%.

  • Cash conversion 4 / 20

    Free cash flow was positive in 2 of 5 years, at a median -0.3% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (23 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: RXO vs ZTOEXPD vs RXOGXO vs RXOFWRD vs RXO

More: Air Freight & Logistics stocks compared, Industrials sector, rankings of US companies

Figures from RXO, Inc.'s SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to RXO, Inc.