Latest Ratios: P/E Ratio 185.1x · EV/EBITDA 14.7x · ROE 1.1%. (2019–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $6.0B | $6.1B | $5.2B | $7.3B | $5.0B | $10.5B | — | — |
| Enterprise Value | $13.0B | $13.2B | $10.0B | $10.9B | $8.7B | $13.0B | — | — |
| P/E Ratio → | 185.14 | 188.00 | 38.84 | 31.85 | 25.56 | 68.81 | — | — |
| P/S Ratio | 0.45 | 0.46 | 0.45 | 0.75 | 0.56 | 1.32 | — | — |
| P/B Ratio | 2.00 | 2.03 | 1.72 | 2.48 | 1.87 | 4.39 | — | — |
| P/FCF | 9999.00 | 55656.27 | 27.43 | 25.73 | 25.11 | 51.22 | — | — |
| P/OCF | 9999.00 | 14106.43 | 9.49 | 13.10 | 9.26 | 23.08 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.00 | 0.85 | 1.12 | 0.97 | 1.63 | — | — |
| EV / EBITDA | 14.75 | 14.93 | 15.76 | 16.09 | 15.32 | 26.69 | — | — |
| EV / EBIT | 30.61 | 55.55 | 40.06 | 34.25 | 29.85 | 74.55 | — | — |
| EV / FCF | — | 119692.64 | 52.50 | 38.47 | 43.73 | 63.28 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 11.6% | 11.6% | 12.3% | 14.1% | 13.6% | 12.2% | 11.3% | 11.2% |
| Operating Margin | 3.2% | 3.2% | 1.9% | 3.3% | 2.7% | 1.9% | 0.3% | 2.5% |
| Net Profit Margin | 0.2% | 0.2% | 1.1% | 2.3% | 2.2% | 1.9% | -0.5% | 1.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 1.1% | 1.1% | 4.5% | 8.1% | 7.8% | 5.7% | -1.1% | 2.2% |
| ROA | 0.3% | 0.3% | 1.3% | 2.4% | 2.4% | 2.2% | -0.5% | 1.0% |
| ROIC | 3.6% | 3.6% | 2.3% | 3.7% | 3.2% | 2.4% | 0.3% | 2.4% |
| ROCE | 5.2% | 5.2% | 2.9% | 4.7% | 4.2% | 3.1% | 0.3% | 3.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.62 | 2.62 | 1.71 | 1.39 | 1.58 | 1.17 | 0.71 | 0.79 |
| Debt / EBITDA | 8.95 | 8.95 | 8.18 | 6.02 | 7.39 | 5.77 | 6.21 | 4.72 |
| Net Debt / Equity | — | 2.34 | 1.57 | 1.23 | 1.39 | 1.03 | 0.60 | 0.72 |
| Net Debt / EBITDA | 7.99 | 7.99 | 7.52 | 5.33 | 6.52 | 5.09 | 5.24 | 4.28 |
| Debt / FCF | — | 64036.36 | 25.07 | 12.74 | 18.62 | 12.06 | 16.00 | — |
| Interest Coverage | 1.78 | 1.78 | 2.42 | 6.02 | 10.10 | 8.29 | 0.75 | 4.58 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.85 | 0.85 | 0.83 | 0.98 | 0.96 | 0.90 | 1.06 | 1.00 |
| Quick Ratio | 0.85 | 0.85 | 0.83 | 0.98 | 0.96 | 0.90 | 1.06 | 1.00 |
| Cash Ratio | 0.22 | 0.22 | 0.13 | 0.18 | 0.20 | 0.14 | 0.19 | 0.13 |
| Asset Turnover | — | 1.07 | 1.04 | 1.03 | 0.98 | 1.09 | 0.95 | 0.99 |
| Inventory Turnover | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 56.17 | 56.08 | 65.44 | 66.85 | 69.28 | 72.12 | 64.03 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.5% | 0.5% | 2.6% | 3.1% | 3.9% | 1.5% | — | — |
| FCF Yield | 0.0% | 0.0% | 3.6% | 3.9% | 4.0% | 2.0% | — | — |
| Buyback Yield | 3.4% | 3.3% | 0.2% | 0.2% | 0.3% | 0.0% | — | — |
| Total Shareholder Yield | 3.4% | 3.3% | 0.2% | 0.2% | 0.3% | 0.0% | — | — |
| Shares Outstanding | — | $116M | $120M | $119M | $118M | $116M | $115M | $115M |
High leverage and margins
According to current market data, GXO trades at a forward P/E of 16.44, which appears to price in significant future margin expansion that remains unsupported by the company's historical net margin performance of 0.24% as of 2026Q1, suggesting a potential disconnect between investor expectations and realized earnings.
The valuation premium relative to traditional freight forwarders suggests the market views GXO as a technology-enabled infrastructure play rather than a cyclical logistics provider. However, given the thin net margins and high capital intensity, investors should monitor whether this multiple is sustainable if the promised efficiency gains from automation fail to materialize in the near term.
Based on reported financial figures, GXO's ROIC has struggled to gain traction, hovering near 0.7% in 2026Q1, which indicates that the company is currently failing to generate returns on invested capital that exceed its likely cost of capital, a trend that warrants further investigation by fundamental analysts.
The persistent low ROIC suggests that the aggressive acquisition strategy and heavy investment in automated warehouse infrastructure have yet to yield the expected compounding effect on shareholder value. This performance appears to lag significantly behind peers like Expeditors International, implying that GXO's current capital allocation strategy may be prioritizing scale over the efficient deployment of resources.
As reported in recent quarterly filings, GXO's DSO has remained elevated, averaging approximately 55 days over the last ten quarters, which suggests that the company may face challenges in optimizing its cash conversion cycle compared to more asset-light logistics competitors within the broader industrial sector.
The lack of consistent data for DIO and DPO makes it difficult to fully assess the efficiency of the company's working capital management. However, the reliance on long-term service agreements suggests that GXO's cash flow is inherently tied to the payment terms of its blue-chip client base, which may limit the company's ability to accelerate cash inflows during periods of macroeconomic stress.
Based on the 2026Q1 balance sheet, GXO's debt-to-equity ratio of 1.98 reflects a highly leveraged capital structure that appears increasingly vulnerable to interest rate volatility, especially when compared to the more conservative balance sheets of industry peers like Expeditors International or CEVA Logistics.
The high debt-to-EBITDA ratio, which has frequently exceeded 25x in recent quarters, indicates that the company's ability to service its debt is heavily dependent on maintaining stable operating cash flows. Investors should monitor whether the current interest coverage levels provide a sufficient buffer against potential operational disruptions or further margin compression in the core logistics business.
The most commonly misapplied metric for GXO is the P/E ratio, which obscures the company's true earning power by failing to account for the significant non-cash depreciation charges associated with its automated warehouse infrastructure and the integration costs stemming from its aggressive, acquisition-led growth strategy.
Analysts should instead focus on EV/EBITDA or adjusted free cash flow metrics to better capture the underlying cash generation of the business model. Relying on P/E ratios in a capital-intensive, high-growth phase risks misinterpreting the company's financial health, as these multiples do not adequately reflect the structural investments required to maintain the competitive moat.
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Quick answers to the most common questions about buying GXO stock.
GXO Logistics, Inc.'s current P/E ratio is 185.1x. The historical average is 70.6x. This places it at the 80th percentile of its historical range.
GXO Logistics, Inc.'s current EV/EBITDA is 14.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.8x.
GXO Logistics, Inc.'s return on equity (ROE) is 1.1%. The historical average is 4.0%.
Based on historical data, GXO Logistics, Inc. is trading at a P/E of 185.1x. This is at the 80th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
GXO Logistics, Inc. has 11.6% gross margin and 3.2% operating margin.
GXO Logistics, Inc.'s Debt/EBITDA ratio is 9.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.