RXO
Matches shippers with independent truck capacity and complementary managed transportation and last-mile services.
Something off on this page? Send us feedback.
Profile
Arranges truck brokerage, managed transportation, last-mile delivery and freight forwarding for shippers. Truck brokerage is the largest service, with contract and spot pricing supported by an asset-light network of independent carriers concentrated in North America.
Matches shippers with independent carriers through contract and spot truck brokerage, its largest service. Managed transportation adds load planning, procurement, control-tower visibility and expedited freight, while last mile coordinates heavy-goods delivery for retailers and manufacturers. Freight forwarding covers ocean and air moves, customs brokerage and domestic middle mile. Most revenue is generated in the United States, and the operations are reported as one segment.
RXO Connect links shipper and carrier workflows for posting, bidding, booking and tracking loads, combining automated matching and pricing with brokerage teams. The asset-light model keeps transportation with third parties, making carrier relationships and purchased capacity central to execution. Operations depend on shipper demand, available third-party capacity and carrier rates; U.S. motor-carrier activities are licensed by the FMCSA, and the contractor model remains exposed to worker-classification rules.
Company facts
Categories
Key statistics
Year to date +70.6% · Average volume (30d) 1.8M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 7, 2026 | Truist Financial | Target | $26 | $28 | ||
| Aug 7, 2026 | Stifel Nicolaus | Target | $30 | $31 | ||
| Aug 7, 2026 | UBS | Reiterate | Neutral | $26 | $23 | |
| Aug 7, 2026 | Deutsche Bank | Target | $19 | $30 | ||
| Aug 7, 2026 | William Blair | Target | $30 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.04 | $0.06 | +67.2% | $1.63B | $1.77B | +8.7% | −3.62% |
| May 7, 2026Q1 FY26 | −$0.09 | −$0.09 | 0.0% | $1.34B | $1.43B | +6.2% | −5.88% |
| Feb 6, 2026Q4 FY25 | −$0.04 | −$0.07 | −75.0% | $1.49B | $1.47B | −1.4% | −5.03% |
| Nov 6, 2025Q3 FY25 | $0.03 | $0.01 | −66.7% | $1.52B | $1.42B | −6.2% | −7.82% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.43B | $1.42B | $1.42B | $1.47B | $1.43B | $1.77B | |
| Gross profit | $232.0M | $224.0M | $236.0M | $293.0M | $228.0M | $1.77B | |
| Operating income | −$30.0M | $10.0M | −$7.0M | −$10.0M | −$19.0M | $1.0M | |
| Net income | −$31.0M | −$9.0M | −$14.0M | −$46.0M | −$36.0M | −$9.0M | |
| Diluted EPS | −$0.18 | −$0.05 | −$0.08 | −$0.27 | −$0.21 | −$0.05 | |
| Gross margin | 16.2% | 15.8% | 16.6% | 19.9% | 16.0% | 100.0% | |
| Operating margin | -2.1% | 0.7% | -0.5% | -0.7% | -1.3% | 0.1% |
Fiscal years (4-quarter sums)FY21 $4.69B · FY22 $4.80B · FY23 $3.93B · FY24 $4.55B · FY25 $5.74B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $15.0M · Total debt $728.0M · Total assets $3.46B · Shareholders' equity $1.51B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 164.92M · Float 163.64M · 99.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Orbis Allan Gray Ltd | 36.40M | 22.07% | 13F | Aug 14, 2026 |
| Orbis Investment Management Limited | 34.69M | 21.10% | 13G | May 15, 2026 |
| MFN Partners Management, LP | 28.11M | 17.04% | 13F | Aug 12, 2026 |
| BlackRock, Inc. | 25.14M | 15.24% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 9.29M | 5.63% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Feb 12, 2026 | MFN Partners, LP | 10 percent owner | +532,276 | $12.00 |
| Nov 20, 2025 | Troy A. Cooper | director | +8,317 | $10.61 |
| Nov 17, 2025 | Adrian Kingshott | director | +9,350 | $10.75 |
| Nov 7, 2025 | Thomas A. Szlosek | director | +20,308 | $12.37 |
| Nov 10, 2025 | Jason S. Kerr | officer: Chief Accounting Officer | −33,343 | $11.57 |
Peers
- C.H. Robinson Worldwide
Largest brokerage overlap in truckload, LTL, and managed solutions
- J.B. Hunt
Brokerage and final-mile overlap backed by J.B. Hunt 360
- Uber
Digital freight marketplace and managed-transportation challenger
- Hub Group
Logistics, brokerage, managed-transportation, and final-mile overlap
- Landstar System
Asset-light agent network overlaps in truck brokerage
- Schneider National
Multimodal logistics and brokerage backed by owned capacity
- ArcBest
Truckload brokerage and managed transportation via MoLo
- Knight-Swift Transportation
Brokerage and freight management from a large carrier platform
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| RXO | $21.91 | +0.05% | $3.61B | — | 64.3 | 0.6 | +25.0% |
| C.H. Robinson Worldwide | $150.39 | −0.03% | $17.73B | 28.7 | 21.9 | 1.0 | +19.3% |
| J.B. Hunt | $261.03 | −0.02% | $24.51B | 37.0 | 29.5 | 1.9 | +19.4% |
| Uber | $78.78 | −0.01% | $160.45B | 17.3 | 20.4 | 2.9 | +12.2% |
| Hub Group | $39.61 | −0.01% | $2.40B | 29.5 | 37.0 | 0.9 | −1.0% |
| Landstar System | $192.28 | +6.81% | $6.11B | 46.6 | 26.4 | 1.2 | +18.2% |
| Schneider National | $34.44 | −0.04% | $6.03B | 53.8 | 25.6 | 1.0 | +10.4% |
| ArcBest | $136.54 | −0.05% | $3.05B | 197.9 | 16.8 | 0.7 | +15.9% |
| Knight-Swift Transportation | $67.00 | −0.36% | $10.94B | 260.3 | 20.7 | 1.4 | +12.6% |
| Median | 41.8 | 23.8 | 1.1 | +14.2% |