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On June 10, 2026 GXO signed a multi-year agreement to manage L’Oréal logistics across Czechia, Slovakia and Hungary, expanding its European consumer‑goods footprint and capacity for higher-value beauty logistics services.
Technical Analysis
ADX at 15.19 indicates no dominant trend; that weak trend strength implies near-term directional signals carry limited follow-through relative to clear trending regimes.
DI+ registers 20.46 with a peak‑and‑reversal pattern, a bearish directional shift, while DI‑ sits at 24.56 and is decreasing—the latter signals reduced downside pressure; together these directional indicators suggest short-term tug‑of‑war between fading upside momentum and easing selling pressure, reducing conviction for large moves.
MACD stands at −0.42, with the MACD line above the signal (MACD signal −0.62) and the MACD trend increasing; the MACD crossover above its signal line constitutes a bullish momentum signal that supports near‑term upside attempts despite the low ADX.
MRO at −15.83 places price below the modeled target and implies upward potential toward that target; the MRO peak‑and‑reversal pattern indicates that potential has recently moderated but remains present for a corrective advance toward fairer technical value.
RSI at 47.37 with a dip‑and‑reversal pattern produces a bullish short‑term bias as the indicator recovers from lower levels; the RSI recovery aligns with the MACD crossover and supports a modest near‑term price lift rather than a strong trend acceleration.
Price sits near the 20‑day average ($49.33) and below the 200‑day average ($53.69); the 12‑day EMA shows a peak‑and‑reversal, signaling pressure at shorter EMAs even as price activity attempts to hold above short moving averages. Volume today (2,449,570) exceeds both the 10‑day and 50‑day averages, indicating the current moves attract above‑average participation and therefore warrant monitoring for follow‑through.
Fundamental Analysis
Total revenue for the period measures $3,298,000,000 with revenue growth of −5.96% (QoQ decline sharp at −280.66% on the quarter metric and YoY decline of −29.05%), reflecting contracting top‑line activity across recent periods. Operating margin stands at 2.395% and EBIT margin at 1.819%; the EBIT margin declined by −1.835% QoQ and by −208.27% YoY, signaling significant margin compression year over year. These margin moves reduce headroom against the current valuation.
EPS actual $0.50 beat the estimate of $0.37, producing a positive EPS surprise of 35.14%; reported earnings growth shows 35.14% on the immediate measure, while the earnings growth YoY figure reports −149.49%, indicating volatile earnings comparatives across periods. Operating cash flow sits at $31,000,000 with free cash flow at −$34,000,000 and free cash flow yield at −0.531%, demonstrating negative free cash conversion despite a positive net income headline. WMDST valuation classifies the stock as over‑valued given these cash‑flow dynamics.
Balance sheet and leverage reflect elevated leverage: total debt $5,960,000,000, net debt $2,315,000,000, debt‑to‑equity 200.81% and debt‑to‑EBITDA ~34.06x, while the interest coverage ratio registers 1.40x—well below the industry peer mean interest‑coverage and indicating limited interest‑expense cushion. Cash and short‑term investments $794,000,000 provide liquidity but the cash ratio at 0.21 and negative free cash flow reduce flexibility for capex or aggressive share‑holder returns.
Valuation multiples show a stretched P/E of 111.40 and enterprise multiple 66.13, while the P/B at 2.16 remains below the industry peer mean of 5.16 and industry peer median of 4.64. Forward PE of 64.04 and forward EPS of $0.88 imply earnings growth expectations that the current cash‑flow and margin trajectory may not sustainably support. WMDST values the stock as over‑valued given the combination of weak cash conversion, high leverage, and elevated trailing multiples.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-05-05 |
| NEXT REPORT DATE: | 2026-08-04 |
| CASH FLOW | Begin Period Cash Flow | $ 857.0 M |
| Operating Cash Flow | $ 31.0 M | |
| Capital Expenditures | $ -65.00 M | |
| Change In Working Capital | $ -98.00 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -60.00 M | |
| End Period Cash Flow | $ 797.0 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 3.3 B | |
| Forward Revenue | $ 20.8 B | |
| COSTS | ||
| Cost Of Revenue | $ 2.9 B | |
| Depreciation | $ 86.0 M | |
| Depreciation and Amortization | $ 115.0 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 3.2 B | |
| PROFITABILITY | ||
| Gross Profit | $ 375.0 M | |
| EBITDA | $ 175.0 M | |
| EBIT | $ 60.0 M | |
| Operating Income | $ 79.0 M | |
| Interest Income | $ 11.0 M | |
| Interest Expense | $ 43.0 M | |
| Net Interest Income | $ -32.00 M | |
| Income Before Tax | $ 17.0 M | |
| Tax Provision | $ 12.0 M | |
| Tax Rate | 40.0 % | |
| Net Income | $ 4.0 M | |
| Net Income From Continuing Operations | $ 5.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.37 | |
| EPS Actual | $ 0.50 | |
| EPS Difference | $ 0.13 | |
| EPS Surprise | 35.135 % | |
| Forward EPS | $ 0.88 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 12.2 B | |
| Intangible Assets | $ 4.6 B | |
| Net Tangible Assets | $ -1.63 B | |
| Total Current Assets | $ 3.2 B | |
| Cash and Short-Term Investments | $ 794.0 M | |
| Cash | $ 794.0 M | |
| Net Receivables | $ 2.0 B | |
| Inventory | — | |
| Long-Term Investments | $ 577.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 713.0 M | |
| Short-Term Debt | $ 463.0 M | |
| Total Current Liabilities | $ 3.8 B | |
| Net Debt | $ 2.3 B | |
| Total Debt | $ 6.0 B | |
| Total Liabilities | $ 9.2 B | |
| EQUITY | ||
| Total Equity | $ 3.0 B | |
| Retained Earnings | $ 722.0 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 25.80 | |
| Shares Outstanding | 115.024 M | |
| Revenue Per-Share | $ 28.67 | |
| VALUATION | Market Capitalization | $ 6.4 B |
| Enterprise Value | $ 11.6 B | |
| Enterprise Multiple | 66.13 | |
| Enterprise Multiple QoQ | 8.394 % | |
| Enterprise Multiple YoY | -59.128 % | |
| Enterprise Multiple IPRWA | high: 165.912 mean: 98.418 median: 87.45 GXO: 66.13 low: -14.548 |
|
| EV/R | 3.509 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 4.108 | |
| Asset To Liability | 1.327 | |
| Debt To Capital | 0.668 | |
| Debt To Assets | 0.489 | |
| Debt To Assets QoQ | 2.377 % | |
| Debt To Assets YoY | 4.233 % | |
| Debt To Assets IPRWA | high: 0.798 GXO: 0.489 mean: 0.224 median: 0.223 low: 0.001 |
|
| Debt To Equity | 2.008 | |
| Debt To Equity QoQ | 2.326 % | |
| Debt To Equity YoY | 8.555 % | |
| Debt To Equity IPRWA | high: 3.05 GXO: 2.008 mean: 0.844 median: 0.351 low: 0.001 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.159 | |
| Price To Book QoQ | 2.425 % | |
| Price To Book YoY | 36.905 % | |
| Price To Book IPRWA | high: 12.508 mean: 5.165 median: 4.642 GXO: 2.159 low: 0.301 |
|
| Price To Earnings (P/E) | 111.398 | |
| Price To Earnings QoQ | -24.922 % | |
| Price To Earnings YoY | -16.427 % | |
| Price To Earnings IPRWA | high: 316.07 GXO: 111.398 median: 64.563 mean: 56.425 low: -182.473 |
|
| PE/G Ratio | 3.171 | |
| Price To Sales (P/S) | 1.943 | |
| Price To Sales QoQ | 8.368 % | |
| Price To Sales YoY | 27.8 % | |
| Price To Sales IPRWA | high: 14.072 mean: 4.507 median: 4.151 GXO: 1.943 low: 1.148 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 64.037 | |
| Forward PE/G | 1.823 | |
| Forward P/S | 0.311 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 1.291 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.27 | |
| Asset Turnover Ratio QoQ | -7.064 % | |
| Asset Turnover Ratio YoY | 2.322 % | |
| Asset Turnover Ratio IPRWA | high: 0.78 GXO: 0.27 median: 0.256 mean: 0.225 low: 0.019 |
|
| Receivables Turnover | 1.629 | |
| Receivables Turnover Ratio QoQ | -6.075 % | |
| Receivables Turnover Ratio YoY | 1.095 % | |
| Receivables Turnover Ratio IPRWA | high: 4.189 median: 2.003 mean: 1.898 GXO: 1.629 low: 1.167 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 56.001 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 34.224 | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | 4.775 % | |
| Cash Conversion Cycle Days IPRWA | high: 38.095 GXO: 34.224 mean: 7.694 median: -0.59 low: -195.547 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | -5.848 | |
| CapEx To Revenue | -0.02 | |
| CapEx To Depreciation | -0.756 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 5.6 B | |
| Net Invested Capital | $ 6.1 B | |
| Invested Capital | $ 6.1 B | |
| Net Tangible Assets | $ -1.63 B | |
| Net Working Capital | $ -564.00 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.21 | |
| Current Ratio | 0.851 | |
| Current Ratio QoQ | 0.245 % | |
| Current Ratio YoY | 9.035 % | |
| Current Ratio IPRWA | high: 1.877 median: 1.474 mean: 1.367 GXO: 0.851 low: 0.678 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 34.057 | |
| Cost Of Debt | 0.437 % | |
| Interest Coverage Ratio | 1.395 | |
| Interest Coverage Ratio QoQ | -102.147 % | |
| Interest Coverage Ratio YoY | -220.0 % | |
| Interest Coverage Ratio IPRWA | high: 54.46 mean: 13.556 median: 11.851 GXO: 1.395 low: -4.444 |
|
| Operating Cash Flow Ratio | 0.022 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 21.776 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -0.555 % | |
| Revenue Growth | -5.96 % | |
| Revenue Growth QoQ | -280.661 % | |
| Revenue Growth YoY | -29.048 % | |
| Revenue Growth IPRWA | high: 4.227 % GXO: -5.96 % mean: -6.743 % median: -10.782 % low: -13.387 % |
|
| Earnings Growth | 35.135 % | |
| Earnings Growth QoQ | -166.087 % | |
| Earnings Growth YoY | -149.486 % | |
| Earnings Growth IPRWA | high: 65.714 % GXO: 35.135 % median: 13.861 % mean: -3.128 % low: -188.889 % |
|
| MARGINS | ||
| Gross Margin | 11.371 % | |
| Gross Margin QoQ | -6.172 % | |
| Gross Margin YoY | 9.2 % | |
| Gross Margin IPRWA | high: 24.357 % mean: 16.864 % median: 15.843 % GXO: 11.371 % low: 5.035 % |
|
| EBIT Margin | 1.819 % | |
| EBIT Margin QoQ | -1.835 % | |
| EBIT Margin YoY | -208.274 % | |
| EBIT Margin IPRWA | high: 35.317 % mean: 18.892 % median: 8.445 % GXO: 1.819 % low: -2.807 % |
|
| Return On Sales (ROS) | 2.395 % | |
| Return On Sales QoQ | -38.684 % | |
| Return On Sales YoY | -242.56 % | |
| Return On Sales IPRWA | high: 18.776 % mean: 7.394 % median: 6.729 % GXO: 2.395 % low: -1.333 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -34.00 M | |
| Free Cash Flow Yield | -0.531 % | |
| Free Cash Flow Yield QoQ | -129.032 % | |
| Free Cash Flow Yield YoY | -50.97 % | |
| Free Cash Flow Yield IPRWA | high: 5.806 % mean: 1.025 % median: 0.843 % GXO: -0.531 % low: -4.449 % |
|
| Free Cash Growth | -129.565 % | |
| Free Cash Growth QoQ | -522.283 % | |
| Free Cash Growth YoY | -18.898 % | |
| Free Cash Growth IPRWA | high: 166.667 % mean: -48.886 % median: -53.867 % GXO: -129.565 % low: -250.914 % |
|
| Free Cash To Net Income | -8.5 | |
| Cash Flow Margin | 2.486 % | |
| Cash Flow To Earnings | 20.5 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.02 | |
| Return On Assets (ROA) | 0.033 % | |
| Return On Assets QoQ | -90.73 % | |
| Return On Assets YoY | -103.882 % | |
| Return On Assets IPRWA | high: 4.746 % median: 2.223 % mean: 1.854 % GXO: 0.033 % low: -1.268 % |
|
| Return On Capital Employed (ROCE) | 0.713 % | |
| Return On Equity (ROE) | 0.001 | |
| Return On Equity QoQ | -90.638 % | |
| Return On Equity YoY | -104.036 % | |
| Return On Equity IPRWA | high: 0.101 mean: 0.04 median: 0.035 GXO: 0.001 low: -0.024 |
|
| DuPont ROE | 0.134 % | |
| Return On Invested Capital (ROIC) | 0.592 % | |
| Return On Invested Capital QoQ | -15.429 % | |
| Return On Invested Capital YoY | -183.734 % | |
| Return On Invested Capital IPRWA | high: 9.693 % mean: 2.75 % median: 2.452 % GXO: 0.592 % low: -1.502 % |
|