XPO
IndustrialsXPO Logistics, Inc. · Integrated Freight & Logistics · $24B
What is XPO Logistics, Inc.?
XPO Logistics is a large-cap freight transportation company serving customers across North America and Europe. The company focuses primarily on less-than-truckload freight and last mile delivery services for heavy goods.
XPO operates through two main segments: North American LTL and Brokerage and Other Services. The LTL segment moves freight that does not fill an entire truck, offering regional, inter-regional, and transcontinental services, including cross-border routes to Canada and Mexico. The Brokerage and Other Services segment handles last mile delivery of heavy goods for e-commerce and omnichannel retailers, along with other brokered freight modes. Customers span industrial, retail, food and beverage, and consumer goods sectors.
XPO was founded in 2003 and is headquartered in Greenwich, Connecticut.
- Less-than-truckload (LTL) freight services across North America
- Cross-border freight to and from Canada and Mexico
- Last mile delivery for heavy e-commerce goods
- Omnichannel and direct-to-consumer logistics solutions
- Brokered freight transportation across multiple modes
Is XPO a Good Stock to Buy?
UQS Score rates XPO as Below Average overall.
Among the five pillars, Quality comes in as the strongest for XPO, landing at a Neutral rating — meaning the business generates acceptable fundamentals relative to its size, though not at a level that stands out within the Industrials sector.
Moat, Growth, and Risk all register as Weak, suggesting limited competitive differentiation, subdued growth prospects, and meaningful financial or operational vulnerabilities. Valuation is rated Elevated, which adds further caution for investors weighing entry points.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does XPO pay dividends?
No — XPO Logistics, Inc. does not currently pay a dividend.
XPO does not currently pay a dividend. For a capital-intensive freight business that has undergone significant restructuring, retaining cash to fund network investments and manage debt is a common strategic priority. Income-focused investors should be aware that XPO does not offer a yield at this time.
When does XPO report earnings?
XPO reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
XPO's recent results reflect the broader pressures facing the freight industry, including volume softness and cost headwinds. The company's dual-segment structure means performance can vary between its LTL network and its brokerage operations depending on freight market conditions.
For the most recent quarter's results and guidance, visit XPO's investor relations page directly.
XPO Price History
+347.9% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in XPO Logistics, Inc.?
Based on XPO Logistics, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
XPO Long-term Outlook
XPO's Growth and Risk pillars are both rated Weak, pointing to a near-term fundamental outlook that carries meaningful uncertainty. The freight transportation market is cyclical, and XPO's ability to expand margins and volumes depends heavily on macroeconomic conditions and shipper demand. The Elevated Valuation rating suggests the current price may already reflect optimistic assumptions, leaving limited room for error if execution falls short.
Growth drivers
- Expansion and densification of the North American LTL network
- Rising e-commerce demand for last mile heavy-goods delivery
- Potential operational efficiency gains from ongoing network investments
Key risks
- Freight market cyclicality weighing on volumes and pricing
- Elevated valuation leaving little margin of safety
- Competitive pressure from larger, better-capitalized carriers
XPO vs Peers
XPO competes in a crowded freight and logistics landscape alongside carriers and brokers with distinct business models.
J.B. Hunt operates a diversified intermodal and truckload network, giving it scale advantages and a broader service mix than XPO's LTL-focused model.
C.H. Robinson is a pure-play freight brokerage platform with an asset-light model, contrasting with XPO's asset-heavy LTL network.
ZTO Express is a leading express parcel delivery network in China, operating in a structurally different geography and parcel-weight category than XPO.
Frequently Asked Questions
What does XPO Logistics do?
XPO Logistics provides freight transportation services across North America and Europe. Its core business is less-than-truckload freight, where shipments from multiple customers share truck space. It also offers last mile delivery for heavy goods sold through e-commerce and omnichannel retail channels.
Does XPO pay dividends?
XPO does not currently pay a dividend. The company has prioritized reinvesting capital into its freight network and managing its balance sheet rather than returning cash to shareholders through distributions.
When does XPO report earnings?
XPO follows a standard quarterly earnings schedule. For the exact date of the next earnings release, check XPO's investor relations page, as our data source does not cover upcoming earnings dates.
Is XPO a good stock to buy?
UQS Score rates XPO as Below Average, reflecting Weak ratings across Moat, Growth, and Risk pillars, alongside an Elevated Valuation. This profile suggests investors should weigh the risks carefully. The full pillar breakdown is available to UQS Pro members.
Is XPO overvalued?
XPO's Valuation pillar is rated Elevated by UQS Score, meaning the current market price appears high relative to the company's fundamental quality profile. This is a meaningful consideration given the Weak Growth and Risk ratings accompanying it.
How does XPO compare to its competitors?
XPO competes with J.B. Hunt, C.H. Robinson, and ZTO Express, among others. Each competitor brings a different model — intermodal scale, asset-light brokerage, or international parcel networks. XPO's differentiation centers on its North American LTL density and last mile heavy-goods capabilities.
What is XPO's market cap bracket?
XPO is classified as a large-cap company, placing it among the larger publicly traded freight and logistics businesses in the US market.
Who founded XPO Logistics?
XPO Logistics was incorporated in 2000 and built into a major freight carrier largely under the leadership of Bradley Jacobs, who transformed it through a series of acquisitions. Founding details are widely available through public sources and the company's own history.
Is XPO a long-term quality investment?
As a long-term quality indicator, XPO's UQS profile raises questions. Weak Moat and Growth ratings suggest limited durable competitive advantages and constrained expansion prospects. Long-term investors typically look for stronger moat and quality scores as indicators of compounding potential.
What is XPO's main competitive advantage?
XPO's primary competitive strength lies in its North American LTL network density and its specialized last mile delivery capabilities for bulky goods. However, UQS Score rates XPO's Moat as Weak, indicating these advantages may not be sufficiently durable relative to sector peers.
What sector does XPO belong to?
XPO operates in the Industrials sector, specifically within freight transportation and logistics. This sector is sensitive to economic cycles, with freight volumes and pricing closely tied to broader manufacturing and consumer demand trends.
Is XPO a growth stock or value stock?
Based on its UQS pillar profile, XPO does not fit neatly into either category. Its Growth pillar is rated Weak, while its Valuation is rated Elevated — a combination that makes it difficult to characterize as either a compelling growth or value opportunity at current levels.
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Pro Analysis
XPO — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 34.0 | 44.1 | 24.0 | 43.1 | 18.5 | 37.5 | +1.1 |
| May 8, 2026 | 32.9 | 11.9 | 24.0 | 43.1 | 40.8 | 61.3 | +0.5 |
| May 7, 2026 | 32.4 | 40.9 | 24.0 | 41.6 | 15.0 | 37.8 | 0.0 |
| May 4, 2026 | 32.4 | 40.9 | 24.0 | 41.6 | 15.0 | 37.5 | +0.1 |
| May 3, 2026 | 32.3 | 40.9 | 24.0 | 41.1 | 15.0 | 37.5 | 0.0 |
| May 2, 2026 | 32.3 | 40.9 | 24.0 | 41.1 | 15.0 | 37.4 | +0.4 |
| Apr 26, 2026 | 31.9 | 40.9 | 24.0 | 39.5 | 15.0 | 37.2 | +0.1 |
| Apr 19, 2026 | 31.8 | 40.9 | 24.0 | 39.7 | 15.0 | 36.0 | -0.2 |
| Apr 18, 2026 | 32.0 | 40.9 | 24.0 | 39.7 | 15.0 | 37.5 | -0.6 |
| Apr 12, 2026 | 32.6 | 40.9 | 24.0 | 39.7 | 15.0 | 41.5 | -0.1 |
XPO — Pillar Breakdown
Quality
— 44.1/100 (25%)XPO Logistics, Inc. has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 43.3/100 (20%)XPO Logistics, Inc. shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 18.5/100 (15%)XPO Logistics, Inc. presents elevated risk with concerns around leverage or financial stability.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 37.5/100 (15%)XPO Logistics, Inc. has a mixed valuation — some metrics suggest fair value while others appear stretched.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 24/100 (25%)XPO Logistics, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for XPO.
Score Composition
Financial Data
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How is the XPO UQS Score Calculated?
The UQS (Unified Quality Score) for XPO Logistics, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses XPO Logistics, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether XPO Logistics, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.