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XPO, Inc.
$23.3B
Market Cap
51.5
P/E
2.67
PEG
8.5%
ROCE
18.3%
ROE
2.08
D/E
8.0%
OPM
-16.0%
% from 52W High
68
α RS
🔍 XPO is showing a notable setup because it matches 2 of 37 tracked screener presets and RS Rating is 68. Net: Partial signal stack, not a recommendation. ? Conviction RS Rating
Sources
Conviction 2/37 · RS Rating 68
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🌏 Global Investor Returns
Currency-adjusted total returns for XPO including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

XPO, Inc., together with its subsidiaries, provides freight transportation services in the United States, North America, France, the United Kingdom, and rest of Europe.

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📈 Growth Pattern
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⭐ Superinvestors Holding XPO
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 178.7K $34.8M 0.05% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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Good quarter Investor Presentation One-Pager? Q2 2026
Revenue
$2.36B
+13.2% YoY
Adjusted EBITDA
$434M
+27.6% YoY
Net Income
$162M
+52.8% YoY
LTL Adjusted Operating Ratio
79.9%
-300 bps YoY
What Went Right
  • LTL adjusted OR hit a record 79.9%, 300 bps better YoY, beating normal seasonality by ~100 bps.
  • Adjusted diluted EPS rose 56% YoY excluding real estate gains to $1.64, or $1.70 reported.
  • July tonnage and shipments per day both up ~6% YoY, with volume momentum accelerating through Q2.
What to Watch
  • Wage and healthcare inflation plus higher incentive comp are pressuring the SWB line, part offset by 2.5 pts productivity.
  • Fuel expense in LTL rose 24% YoY in Q2; Q3 fuel revenue is expected down sequentially.
  • Driver hiring market is tightening, though XPO says its retention and fleet investments are helping.
Management Guidance
  • Full-year LTL adjusted OR improvement now expected at least 200 bps, versus prior 100–150 bps.
  • Q3 LTL adjusted OR expected below 81%, versus normal seasonality of 82%+.
  • Q3 tonnage per day expected up mid-single digits YoY; full-year free cash flow expected to more than double vs 2025.
Investor Lens
The thesis is stronger after this call. Record sub-80% LTL OR, accelerating yield and volume, and AI-driven productivity gains support above-market pricing growth and margin expansion. Management raised the full-year OR improvement target and expects free cash flow to double, giving more room for buybacks and debt paydown. The main risks are inflation and the pace of industrial recovery, but guidance implies continued outsized performance.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Strong beat: LTL OR 79.9%, EPS $1.70, up 62% YoY.
Revenue
Total revenue grew 13.2% YoY to $2.36B. LTL revenue rose 15.2% to $1.43B, while European Transportation revenue grew 10.2% to $927M.
Profitability
Net income increased 52.8% to $162M, or $1.36 diluted EPS. Adjusted diluted EPS rose to $1.70 from $1.05, up 61.9%; excluding real estate gains, adjusted EPS was up 56%.
Margins
LTL adjusted OR improved 300 bps YoY to a record 79.9%, with adjusted EBITDA margin of 27.3%, up 310 bps. Company adjusted EBITDA was $434M, up 27.6%, supported by 2.5 points of productivity gains.
Balance Sheet
Quarter-end cash was $298M, with $207M free cash flow. The company completed $101M net CapEx, bought back $70M stock, and repaid $70M term loan; July brought another $100M debt paydown. Net leverage improved to 2.1x.
Key Risks
Management cited wage/healthcare inflation and higher incentive comp as cost headwinds. Fuel costs rose 24% in LTL and diesel prices remain a swing factor. Driver hiring is tightening, and Europe's economy remains soft despite XPO's outperformance there.
Outlook
Q3 LTL OR is expected below 81%, and full-year OR improvement is now expected at least 200 bps. Tonnage is tracking up mid-single digits in Q3, with free cash flow expected to more than double for the year.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-30
Record Q2 results featured double-digit revenue and EBITDA growth, margin expansion, and strong free cash flow. Technology and network investments drove operational gains, while guidance was raised for full-year margin and cash flow. LTL and European segments both delivered record performance.
Q1 2026 Q1 2026 2026-04-30
Record Q1 results with double-digit EBITDA and EPS growth, driven by strong LTL performance, AI-enabled productivity, and disciplined cost control. Guidance calls for continued margin expansion, robust free cash flow, and upside potential as volumes recover and pricing accelerates.
Q4 2025 Q4 2025 2026-02-05
Q4 saw strong margin expansion, with Adjusted EBITDA up 11% and Adjusted EPS up 18% year-over-year, driven by pricing, cost efficiencies, and technology. 2026 guidance calls for further margin gains, robust free cash flow, and continued investment in AI and network capacity.
Q3 2025 Q3 2025 2025-10-30
Delivered record LTL adjusted EBITDA and margin expansion, driven by AI-enabled productivity and pricing, despite a soft freight market. Outperformed industry peers in yield and cost efficiency, with strong free cash flow and a positive outlook for continued margin gains into 2026.
Q2 2025 Q2 2025 2025-07-31
Q2 results showed strong margin expansion and above-market yield growth despite a soft freight market, with technology and AI driving cost efficiencies. Capital allocation is shifting toward shareholder returns as capex moderates, and premium services and local channel growth are expected to sustain outperformance.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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