XPO Logistics, Inc. (XPO) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 1.68B | 1.63B | 1.7B | 1.62B | 1.58B | 1.5B | 1.65B | 1.55B | 1.53B | 1.59B | 1.61B | 1.52B | 1.56B | 1.63B | 2.83B | 2.92B | 3.56B | 2.69B | 2.55B | 4.46B |
| Cash & Short-Term Investments | 237M | 310M | 335M | 225M | 212M | 246M | 381M | 250M | 229M | 412M | 355M | 290M | 309M | 460M | 544M | 436M | 1B | 228M | 254M | 801M |
| Cash Only | 237M | 310M | 335M | 225M | 212M | 246M | 378M | 250M | 229M | 412M | 355M | 290M | 309M | 460M | 544M | 436M | 1B | 228M | 254M | 801M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.16B | 1.03B | 1.1B | 1.13B | 1.08B | 977M | 1.06B | 1.09B | 1.08B | 973M | 1.06B | 1.01B | 1.02B | 954M | 2.01B | 2.19B | 2.25B | 908M | 1.99B | 3.17B |
| Days Sales Outstanding | 47.19 | 48.91 | 48.7 | 48.45 | 47.44 | 48.85 | 48.22 | 47.38 | 46.22 | 48.18 | 48.02 | 48.11 | 46.56 | -67.27 | 99.35 | 98.65 | 74.98 | 39.62 | 72.56 | 90.09 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 275M | 285M | 261M | 266M | 285M | 282M | 209M | 210M | 222M | 208M | 199M | 224M | 237M | 216M | 274M | 290M | 303M | 1.55B | 309M | 492M |
| Total Non-Current Assets | 6.51B | 6.56B | 6.49B | 6.51B | 6.3B | 6.21B | 6.27B | 6.18B | 6.08B | 5.9B | 4.82B | 4.83B | 4.78B | 4.64B | 5.67B | 5.72B | 5.76B | 6.03B | 5.98B | 11.1B |
| Property, Plant & Equipment | 4.41B | 4.44B | 4.4B | 4.4B | 4.25B | 4.13B | 4.11B | 4.05B | 3.98B | 3.78B | 2.77B | 2.74B | 2.69B | 2.55B | 2.64B | 2.63B | 2.62B | 2.37B | 2.65B | 5.23B |
| Fixed Asset Turnover | 0.47x | 0.45x | 0.48x | 0.48x | 0.47x | 0.47x | 0.50x | 0.52x | 0.52x | 0.59x | 0.72x | 0.71x | 0.73x | -0.78x | 0.74x | 0.78x | 0.76x | 1.34x | 0.83x | 0.61x |
| Goodwill | 1.53B | 1.55B | 1.55B | 1.55B | 1.49B | 1.46B | 1.52B | 1.48B | 1.48B | 1.5B | 1.47B | 1.49B | 1.48B | 1.47B | 2.23B | 2.28B | 2.33B | 1.59B | 2.49B | 4.57B |
| Intangible Assets | 295M | 311M | 325M | 340M | 350M | 360M | 381M | 392M | 406M | 422M | 366M | 383M | 396M | 407M | 496M | 522M | 548M | 470M | 603M | 923M |
| Long-Term Investments | 0 | 0 | 5M | 8M | 9M | 60M | 7M | 6M | 7M | 7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 271M | 265M | 210M | 207M | 201M | 194M | 258M | 256M | 195M | 189M | 217M | 213M | 209M | 209M | 303M | 287M | 268M | 1.59B | 237M | 377M |
| Total Assets | 8.18B | 8.19B | 8.19B | 8.13B | 7.88B | 7.71B | 7.92B | 7.73B | 7.6B | 7.49B | 6.43B | 6.35B | 6.35B | 6.27B | 8.5B | 8.64B | 9.32B | 8.72B | 8.53B | 15.56B |
| Asset Turnover | 0.26x | 0.25x | 0.26x | 0.26x | 0.25x | 0.25x | 0.26x | 0.27x | 0.27x | 0.28x | 0.31x | 0.30x | 0.30x | -0.27x | 0.23x | 0.23x | 0.21x | 0.39x | 0.27x | 0.21x |
| Asset Growth % | 3.86% | 6.25% | 3.36% | 5.23% | 3.63% | 2.94% | 23.26% | 21.68% | 19.77% | 19.51% | -24.4% | -26.48% | -31.89% | -28.08% | -0.35% | -44.49% | -39.36% | -46.11% | -45.8% | -0.49% |
| Total Current Liabilities | 1.69B | 1.55B | 1.67B | 1.6B | 1.55B | 1.42B | 1.56B | 1.54B | 1.62B | 1.59B | 1.52B | 1.53B | 1.55B | 1.51B | 2.44B | 2.63B | 3.43B | 2.55B | 2.53B | 4.38B |
| Accounts Payable | 462M | 455M | 465M | 498M | 501M | 477M | 445M | 477M | 570M | 532M | 473M | 464M | 505M | 521M | 1.02B | 1.15B | 1.33B | 519M | 963M | 1.29B |
| Days Payables Outstanding | 22.22 | 23.8 | 24.07 | 25.09 | 25.19 | 24.45 | 23.47 | 26.26 | 27.83 | 26.55 | 24.46 | 25.57 | 26.43 | -44.22 | 57.4 | 62.52 | 47.63 | 23.9 | 37.2 | 44.78 |
| Short-Term Debt | 268M | 226M | 125M | 63M | 61M | 62M | 68M | 64M | 63M | 69M | 66M | 66M | 66M | 59M | 60M | 55M | 682M | 58M | 56M | 92M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 961M | 415M | 925M | 113M | 100M | 46M | 111M | 100M | 78M | 93M | 45M | 93M | 73M | 46M | 128M | 178M | 202M | 1.04B | 156M | 291M |
| Current Ratio | 0.99x | 1.05x | 1.02x | 1.02x | 1.02x | 1.06x | 1.06x | 1.00x | 0.94x | 1.00x | 1.06x | 0.99x | 1.01x | 1.08x | 1.16x | 1.11x | 1.04x | 1.05x | 1.01x | 1.02x |
| Quick Ratio | 0.99x | 1.05x | 1.02x | 1.02x | 1.02x | 1.06x | 1.06x | 1.00x | 0.94x | 1.00x | 1.06x | 0.99x | 1.01x | 1.08x | 1.16x | 1.11x | 1.04x | 1.05x | 1.01x | 1.02x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 4.64B | 4.78B | 4.7B | 4.75B | 4.69B | 4.69B | 4.72B | 4.69B | 4.65B | 4.64B | 3.71B | 3.7B | 3.75B | 3.75B | 4.28B | 4.3B | 4.29B | 5.03B | 4.99B | 8.22B |
| Long-Term Debt | 3.17B | 3.67B | 3.83B | 3.34B | 3.34B | 3.33B | 3.34B | 3.33B | 3.32B | 3.33B | 2.45B | 2.45B | 2.48B | 2.47B | 2.85B | 2.86B | 2.88B | 3.51B | 3.52B | 5.18B |
| Capital Lease Obligations | 591M | 806M | 611M | 612M | 583M | 603M | 614M | 613M | 598M | 588M | 584M | 592M | 606M | 606M | 671M | 689M | 682M | 596M | 677M | 2.04B |
| Deferred Tax Liabilities | 494M | 482M | 449M | 383M | 392M | 393M | 371M | 364M | 342M | 337M | 326M | 301M | 307M | 319M | 334M | 325M | 300M | 247M | 306M | 380M |
| Other Non-Current Liabilities | 384M | -180M | -189M | 414M | 377M | 370M | 391M | 381M | 386M | 376M | 352M | 355M | 356M | 352M | 422M | 428M | 431M | 675M | 492M | 617M |
| Total Liabilities | 6.33B | 6.33B | 6.37B | 6.35B | 6.24B | 6.11B | 6.28B | 6.23B | 6.27B | 6.23B | 5.23B | 5.23B | 5.29B | 5.26B | 6.72B | 6.93B | 7.72B | 7.58B | 7.52B | 12.6B |
| Total Debt | 4.03B | 4.7B | 4.72B | 4.17B | 4.11B | 4.12B | 4.16B | 4.14B | 4.11B | 4.11B | 3.21B | 3.22B | 3.26B | 3.25B | 3.72B | 3.74B | 4.38B | 4.27B | 4.4B | 7.9B |
| Net Debt | 3.79B | 4.39B | 4.39B | 3.94B | 3.9B | 3.87B | 3.78B | 3.89B | 3.88B | 3.7B | 2.85B | 2.93B | 2.95B | 2.79B | 3.18B | 3.31B | 3.37B | 4.05B | 4.15B | 7.1B |
| Debt / Equity | 2.18x | 2.53x | 2.60x | 2.34x | 2.51x | 2.57x | 2.53x | 2.76x | 3.09x | 3.25x | 2.68x | 2.88x | 3.09x | 3.21x | 2.09x | 2.19x | 2.74x | 3.76x | 4.33x | 2.66x |
| Debt / EBITDA | 12.80x | 15.94x | 13.84x | 12.67x | 15.00x | 15.03x | 13.77x | 12.97x | 16.13x | 17.65x | 12.15x | 15.05x | 20.50x | - | 15.65x | 14.02x | 27.87x | 14.59x | 19.13x | 25.40x |
| Net Debt / EBITDA | 12.04x | 14.88x | 12.86x | 11.98x | 14.23x | 14.13x | 12.52x | 12.18x | 15.23x | 15.88x | 10.81x | 13.69x | 18.56x | - | 13.36x | 12.39x | 21.47x | 13.81x | 18.03x | 22.82x |
| Interest Coverage | 3.47x | 2.72x | 3.07x | 3.55x | 2.63x | 2.91x | 3.41x | 3.63x | 2.55x | 2.86x | 3.85x | 2.02x | 1.50x | -20.78x | 4.40x | 5.10x | 2.08x | 5.37x | 1.60x | 3.47x |
| Total Equity | 1.85B | 1.86B | 1.82B | 1.78B | 1.64B | 1.6B | 1.64B | 1.5B | 1.33B | 1.27B | 1.2B | 1.12B | 1.05B | 1.01B | 1.79B | 1.71B | 1.6B | 1.14B | 1.02B | 2.97B |
| Equity Growth % | 12.87% | 16.31% | 10.73% | 18.81% | 23.12% | 26.38% | 37.09% | 33.96% | 26.26% | 25.1% | -32.98% | -34.45% | -33.98% | -11.07% | 75.79% | -42.47% | -45.16% | -60.06% | -63.52% | 12.64% |
| Book Value per Share | 15.55 | 15.64 | 15.14 | 14.97 | 13.67 | 13.33 | 13.68 | 12.49 | 11.10 | 10.55 | 10.06 | 9.48 | 9.09 | 8.80 | 15.40 | 14.72 | 13.78 | 9.81 | 8.76 | 26.26 |
| Total Shareholders' Equity | 1.85B | 1.86B | 1.82B | 1.78B | 1.64B | 1.6B | 1.64B | 1.5B | 1.33B | 1.27B | 1.2B | 1.12B | 1.05B | 1.01B | 1.79B | 1.71B | 1.6B | 1.14B | 1.02B | 2.93B |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 989M | 888M | 829M | 747M | 641M | 572M | 496M | 402M | 252M | 185M | 127M | 43M | 10M | -4M | 803M | 672M | 531M | 43M | -79M | 1.14B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -194M | -187M | -208M | -199M | -228M | -246M | -195M | -225M | -222M | -217M | -214M | -192M | -207M | -222M | -212M | -152M | -109M | -84M | -79M | -183M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40M |