XPO, Inc.
XPO · Transportation Services · 117.4M shares · +3%/yr ↑ shares · EDGAR filings ↗
Reference price $215.61 · est. market cap ~$25.3B — last insider sale, 2026-05-28 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B75Leading North American LTL franchise with top-quartile ROE, holding up through a freight recession.
Strengths
- Strong returns — ROE 17% (85th pct), ROA 3.9% (77th pct) — with above-median net/operating margins (70th pct)
- Scaled, tech-driven LTL network (~9% US share) with excess door capacity positioned for a cyclical rebound
Risks
- Elevated leverage (debt/equity 1.75, 70th pct) and capital-intensive model amid a still-recessionary freight market
- Flat revenue and European divestiture/execution uncertainty
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
8.0%
Net margin
3.9%
Return on equity
17.0%
Return on assets
3.9%
ROIC
10.1%
Revenue growth (QoQ)
4.2%
Net-income growth
-18.3%
Debt / equity
1.7×
Net debt / EBITDA
2.6×
Current ratio
1.0×
EBITDA
$1.1B
Tangible book value
$3M
Cash & investments
$310M
Stock comp / revenue
0.9%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-28 | Landry Allison | Sell | 2.4K | $215.61 |
| 2026-03-15 | Brown Christopher Michael | Option exercise | 2.6K | — |
| 2026-03-15 | Brown Christopher Michael | Tax withheld | 1.2K | $181.71 |
| 2026-03-15 | Cassity Wendy | Option exercise | 11K | — |
| 2026-03-15 | Cassity Wendy | Tax withheld | 5.2K | $181.71 |
| 2026-03-15 | Bates David J. | Option exercise | 6.9K | — |
| 2026-03-15 | Bates David J. | Tax withheld | 3.0K | $181.71 |
| 2026-03-15 | Wismans Kyle | Option exercise | 9.8K | — |
| 2026-03-15 | Wismans Kyle | Tax withheld | 5.0K | $181.71 |
| 2026-03-15 | Harik Mario A | Option exercise | 25K | — |
| 2026-03-15 | Harik Mario A | Tax withheld | 12K | $181.71 |
| 2026-03-10 | Brown Christopher Michael | Option exercise | 5.9K | — |
| 2026-03-10 | Brown Christopher Michael | Tax withheld | 2.7K | $194.68 |
| 2026-03-10 | Cassity Wendy | Option exercise | 27K | — |
| 2026-03-10 | Cassity Wendy | Tax withheld | 12K | $194.68 |
| 2026-03-10 | Bates David J. | Option exercise | 40K | — |
| 2026-03-10 | Bates David J. | Tax withheld | 17K | $194.68 |
| 2026-03-10 | Wismans Kyle | Option exercise | 15K | — |
| 2026-03-10 | Wismans Kyle | Tax withheld | 7.5K | $194.68 |
| 2026-03-10 | Harik Mario A | Option exercise | 295K | — |
| 2026-03-10 | Harik Mario A | Tax withheld | 143K | $194.68 |
| 2026-03-07 | Brown Christopher Michael | Option exercise | 1.7K | — |
| 2026-03-07 | Brown Christopher Michael | Tax withheld | 802 | $188.65 |
| 2026-02-15 | Wismans Kyle | Option exercise | 4.0K | — |
| 2026-02-15 | Wismans Kyle | Tax withheld | 2.1K | $195.33 |
| 2026-01-02 | Taylor Johnny Clayton Jr. | Option exercise | 1.4K | $138.79 |
| 2026-01-02 | Moshouris Irene | Option exercise | 1.4K | $138.79 |
| 2026-01-02 | Landry Allison | Option exercise | 1.4K | $138.79 |
| 2026-01-02 | JESSELSON MICHAEL G | Option exercise | 1.4K | $138.79 |
| 2026-01-02 | FRYE J WES | Option exercise | 1.4K | $138.79 |
| 2026-01-02 | Allaire Bella Loykhter | Option exercise | 1.4K | $138.79 |
| 2025-11-14 | Wismans Kyle | Option exercise | 626 | — |
| 2025-11-14 | Wismans Kyle | Tax withheld | 320 | $133.75 |
| 2025-11-14 | Brown Christopher Michael | Option exercise | 1.1K | — |
| 2025-11-14 | Brown Christopher Michael | Tax withheld | 508 | $133.75 |
| 2025-09-11 | Landry Allison | Sell | 3.2K | $135.04 |
| 2025-04-21 | Bates David J. | Option exercise | 30K | — |
| 2025-04-21 | Bates David J. | Tax withheld | 13K | $93.85 |
| 2025-03-15 | Brown Christopher Michael | Option exercise | 2.1K | — |
| 2025-03-15 | Brown Christopher Michael | Tax withheld | 979 | $107.24 |
| 2025-03-15 | Cassity Wendy | Option exercise | 9.8K | — |
| 2025-03-15 | Cassity Wendy | Tax withheld | 4.7K | $107.24 |
| 2025-03-15 | Bates David J. | Option exercise | 5.4K | — |
| 2025-03-15 | Bates David J. | Tax withheld | 2.4K | $107.24 |
| 2025-03-15 | Wismans Kyle | Option exercise | 6.9K | — |
| 2025-03-15 | Wismans Kyle | Tax withheld | 3.5K | $107.24 |
| 2025-03-15 | Harik Mario A | Option exercise | 19K | — |
| 2025-03-15 | Harik Mario A | Tax withheld | 9.3K | $107.24 |
| 2025-03-15 | BRADLEY S JACOBS | Option exercise | 12K | — |
| 2025-03-15 | BRADLEY S JACOBS | Tax withheld | 5.5K | $107.24 |
| 2025-03-13 | Bates David J. | Buy | 1.9K | $106.16 |
| 2025-03-10 | Brown Christopher Michael | Option exercise | 701 | — |
| 2025-03-10 | Brown Christopher Michael | Tax withheld | 325 | $106.26 |
| 2025-03-10 | Wismans Kyle | Option exercise | 1.1K | — |
| 2025-03-10 | Wismans Kyle | Tax withheld | 555 | $106.26 |
| 2025-03-07 | Brown Christopher Michael | Option exercise | 1.7K | — |
| 2025-03-07 | Brown Christopher Michael | Tax withheld | 821 | $108.35 |
| 2025-03-07 | Harik Mario A | Option exercise | 28K | — |
| 2025-03-07 | Harik Mario A | Tax withheld | 14K | $108.35 |
| 2025-02-15 | Wismans Kyle | Option exercise | 4.0K | — |
| 2025-02-15 | Wismans Kyle | Tax withheld | 2.1K | $145.64 |
| 2025-02-07 | Harik Mario A | Option exercise | 111K | — |
| 2025-02-07 | Harik Mario A | Tax withheld | 54K | $148.16 |
| 2025-02-07 | BRADLEY S JACOBS | Option exercise | 496K | — |
| 2025-02-07 | BRADLEY S JACOBS | Tax withheld | 229K | $148.16 |
| 2025-01-02 | Taylor Johnny Clayton Jr. | Option exercise | 4.0K | — |
| 2025-01-02 | Taylor Johnny Clayton Jr. | Option exercise | 2.2K | — |
| 2025-01-02 | Moshouris Irene | Option exercise | 2.2K | — |
| 2025-01-02 | Landry Allison | Option exercise | 2.2K | — |
| 2025-01-02 | JESSELSON MICHAEL G | Option exercise | 10K | — |
| 2025-01-02 | JESSELSON MICHAEL G | Option exercise | 5.4K | — |
| 2025-01-02 | JESSELSON MICHAEL G | Option exercise | 2.2K | — |
| 2025-01-02 | FRYE J WES | Option exercise | 2.2K | — |
| 2025-01-02 | Allaire Bella Loykhter | Option exercise | 2.2K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-03 | Reg FDExhibits | filing ↗ |
| 2026-06-01 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-05-26 | Exec/director change | filing ↗ |
| 2026-05-19 | Shareholder vote | filing ↗ |
| 2026-04-30 | Reg FDExhibits | filing ↗ |
| 2026-04-30 | ResultsExhibits | filing ↗ |
| 2026-03-02 | Reg FDExhibits | filing ↗ |
| 2026-02-05 | Reg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-03 | 2026-06-03 | 0001104659-26-070109 ↗ |
| 8-K | 2026-06-01 | 2026-05-29 | 0001104659-26-068522 ↗ |
| 8-K | 2026-05-26 | 2026-05-20 | 0001104659-26-066258 ↗ |
| 8-K | 2026-05-19 | 2026-05-19 | 0001104659-26-063864 ↗ |
| 8-K | 2026-04-30 | 2026-04-30 | 0001104659-26-052080 ↗ |
| 8-K | 2026-04-30 | 2026-04-30 | 0001104659-26-052072 ↗ |
| 10-Q | 2026-04-30 | 2026-03-31 | 0001166003-26-000063 ↗ |
| 8-K | 2026-03-02 | 2026-03-02 | 0001104659-26-022244 ↗ |
| 10-K | 2026-02-05 | 2025-12-31 | 0001166003-26-000016 ↗ |
| 8-K | 2026-02-05 | 2026-02-05 | 0001104659-26-010608 ↗ |
| 8-K | 2026-02-05 | 2026-02-05 | 0001104659-26-010610 ↗ |
| 8-K | 2025-12-15 | 2025-12-14 | 0001104659-25-120856 ↗ |