How many subsidiaries does XPO, Inc. file with the SEC?

11, listed in its most recent exhibit 21. They are incorporated across 4 jurisdictions (Delaware, United Kingdom, France, Luxembourg). 1 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is XPO, Inc. financially healthy?

XPO, Inc. scores 5 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of XPO, Inc.?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), Capital World Investors (adding), FMR LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

XPO, Inc. (XPO)

NYSE · Transportation Services

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

American transportation company

Corporate structure

11 entities across 4 jurisdictions, 1 in offshore financial centres. Read directly from the company’s own 10-K EX-21 filed 2026-02-05 — see the exhibit.

Which other public companies file entities in the same places:

Delaware5 France3 United Kingdom2 Luxembourg1

Subsidiaries of XPO, Inc. as disclosed in its SEC filing
Entity	Jurisdiction	Note
XPO, Inc.	Delaware
XPO CNW, Inc.	Delaware
XPO Logistics Freight, Inc.	Delaware
XPO Enterprise Services, LLC	Delaware
XPO LTL Properties, LLC	Delaware
XPO Holdings UK I Limited	United Kingdom
XPO Logistics	France
XPO Transport Solutions Luxembourg	Luxembourg	offshore centre
XPO Global Forwarding International	France
XPO Holdings UK and Ireland Limited	United Kingdom
XPO Logistics Europe

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

5 / 8

PASSReturn on assets positiveROA 3.9%
PASSOperating cash flow positiveOCF 986M
FAILReturn on assets improving5.0% → 3.9%
PASSCash flow exceeds earningsOCF 986M vs NI 316M
PASSLong-term debt ratio falling43.1% → 39.7% of assets
FAILCurrent ratio improving1.06 → 1.05
PASSNo share dilution120M → 119M shares
FAILGross margin improvingno gross profit reported
FAILAsset turnover improving1.05× → 1.00×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$16.3B	$110.0M	$359.0M	—	102,000,000
FY2021	$12.8B	$336.0M	$343.0M	—	114,000,000
FY2022	$7.7B	$666.0M	$303.0M	—	116,000,000
FY2023	$7.7B	$189.0M	−$839.0M	—	118,000,000
FY2024	$8.1B	$387.0M	$19.0M	—	120,000,000
FY2025

Ownership flow

15 institutions tracked — 10 added, 4 reduced, 1 opened a new position.

Institutional holders of XPO, Inc. and their share-count change
Manager	Kind	Shares	Change	Value
BlackRock, Inc.	Index	14,541,751	+2,374,505	$3.0B
FMR LLC	Active fund	4,332,153	+727,155	$889.3M
STATE STREET CORP	Index	4,246,740	+663,780	$871.8M
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	385,684	+208,598	$79.2M

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Shares repurchased

2026Q1: $30.0M
2025Q1: $0
2021Q1: $0
2020Q1: $114.0M
2019Q1: $1.2B
2018Q1: $0

Identity

CIK: 0001166003
LEI: 54930096DB9LCLPN7H13
SIC: 4700 · Transportation Services
Headquarters: GREENWICH, CT
Founded: 1987-00-00

Ownership

Institutional: 103.8%
Institutions: 987
Insiders: 2.1%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other transportation services companies

XPO, Inc. files under SIC 4700 — all 7 transportation services companies compared on assets and F-score.

GATX CORPGATX GXO Logistics, Inc.GXO Global Business Travel Group, Inc.GBTG RXO, Inc.RXO VERRA MOBILITY CorpVRRM LINDBLAD EXPEDITIONS HOLDINGS, INC.LIND

Questions about XPO, Inc.

How many subsidiaries does XPO, Inc. file with the SEC?: 11, listed in its most recent exhibit 21. They are incorporated across 4 jurisdictions (Delaware, United Kingdom, France, Luxembourg). 1 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is XPO, Inc. financially healthy?: XPO, Inc. scores 5 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of XPO, Inc.?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), Capital World Investors (adding), FMR LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.