XPO Logistics

XPO

Trucking · Industrials

Also trades as: 0M1O.L

Price

$210.32

+6.92 (+3.40%)

Market Cap

$24.63B

Winston Score

Winston is curious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 12, 2026 · filings through Jun 30, 2026

Share count rising — dilution

+4.4% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 114.0M (2021) → 119.0M (2025)

XPO is a trucking and freight company based in the United States. It specializes in less-than-truckload (LTL) shipping, which means it combines packages from many different customers into one truck instead of giving each customer their own truck. Its main customers are retailers, manufacturers, and e-commerce companies that need to move goods across the country.

XPO makes money by charging businesses to pick up, sort, and deliver freight through its network of over 600 service centers across North America. After selling off several other divisions in recent years, XPO is now focused almost entirely on its LTL business, which gives it a simpler but more concentrated operation. Its large network of terminals and trucks is expensive to copy, which creates a barrier for new competitors, but the business is sensitive to economic slowdowns because companies ship less freight when the economy weakens.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+13.2% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+53.3% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

11.8%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

5+ years

Quarterly Free Cash Flow

↑ Burn rate improving

$298M cash & investments at current burn rate

Growth context

XPO Logistics is growing revenue at 13% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

46.9%

Healthy — 46.9% gross margin

Operating Margin

11.5%

Modest — 11.5% operating margin

ROCE

5.1%

Weak — 5.1% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales YoY

+7.0%

Steady sales growth (+7.0% YoY)

EPS YoY

+15.9%

Earnings growing fast (+15.9% YoY)

Healthy double-digit earnings growth — what compounders look like.

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

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Cash Flow

Cash Conversion

224%

Turns 224% of profit into real cash

FCF Margin

4.7%

Thin free cash flow (4.7%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

Debt / Equity

1.72

Elevated debt (1.72)

Interest Cover

3.91x

Tight — interest eats into profit (3.9x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

P/E Ratio (TTM)

61.3x

Expensive — P/E 61.3

P/E over 35. The market is pricing in heavy, sustained growth.

P/E vs Forward

+33.2

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (61.3 → 28.1)

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Dividends

Not applicable for this business.

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