GXO vs LSTR vs FWRD Stock Comparison

GXO Logistics, Landstar System and Forward Air Prices as of Oct 29, 2026 Peers: Industry group
GXO GXO Logistics, Inc.
$49.91 +11.5% 1M -7.6% 1Y
Market cap
$5.72B
P/E
43.7x
Revenue (TTM)
$13.64B
Div. yield
–
Logistics Industrials
2 wins
LSTR Landstar System Inc
$141.37 -16.1% 1M +13.6% 1Y
Market cap
$4.82B
P/E
30.1x
Revenue (TTM)
$5.29B
Div. yield
–
Logistics Industrials
8 wins
FWRD Forward Air Corp
$17.87 +19.1% 1M -7.1% 1Y
Market cap
$573.61M
P/E
–
Revenue (TTM)
$2.52B
Div. yield
–
Logistics Industrials
1 win

Head to Head

11 decided of 12

Landstar System leads on 8 of the 12 questions below (Landstar System 8, GXO Logistics 2, Forward Air 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionGXOLSTRFWRDLeader
Larger companyMarket capitalisation $5.72B $4.82B $573.61M GXO
Cheaper on earningsLower P/E, profitable companies only 43.7x 30.1x -2.0x LSTR
Cheaper on forward earningsLower price / next fiscal year consensus EPS 16.1x 23.0x — GXO
Faster revenue growthRevenue growth, trailing twelve months +7.6% +10.7% -0.1% LSTR
More profitableNet margin, trailing twelve months 1.0% 3.0% -11.4% LSTR
Better return on capitalReturn on invested capital 3.3% 17.9% -9.8% LSTR
Less leveragedLower net debt / EBITDA 3.1x -1.1x -115.3x FWRD
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -7.6% +13.6% -7.1% LSTR
Better 5-year returnAnnualised price return, 5 years -10.9%/yr -4.3%/yr -29.2%/yr LSTR
Less volatileAnnualised volatility, 1 year 40.7% 40.1% 93.5% LSTR
Higher overall scoreMean of the five percentile scores vs peers 36/100 51/100 20/100 LSTR

Percentile Scorecard

GXOLSTRFWRD

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisGXOLSTRFWRD
Valuation 38 #85 of 136 26 #101 of 136 32 #93 of 136
Growth 75 #31 of 121 24 #92 of 121 19 #98 of 121
Profitability 29 #80 of 112 56 #50 of 112 18 #92 of 112
Financial Health 20 #112 of 140 86 #21 of 140 12 #123 of 140
Shareholder Returns 20 #64 of 80 63 #30 of 80 –
Overall 36 51 20
  • GXO ranked among 150 companies in Transportation
  • LSTR ranked among 150 companies in Transportation
  • FWRD ranked among 150 companies in Transportation

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodGXOLSTRFWRDSPY
1 month +11.5%-16.1%+19.1% +0.7%
3 months -1.1%-16.5%+25.9% +3.7%
6 months -12.6%-23.2%-15.1% +7.1%
Year to date -5.2%-1.6%-28.5% +12.8%
1 year -7.6%+13.6%-7.1% +11.9%
3 years -1.1%-14.2%-74.8% +85.2%
3 years, per year -0.4%-5.0%-36.9% +22.8%
5 years -43.8%-19.6%-82.2% +67.6%
5 years, per year -10.9%-4.3%-29.2% +10.9%
10 years —+100.5%-56.0% +262.0%
10 years, per year —+7.2%-7.9% +13.7%

Risk

MeasureGXOLSTRFWRDSPY
Volatility, 1Y 40.7%40.1%93.5% 12.7%
Downside volatility, 1Y 44.3%46.4%114.8% 12.6%
Beta vs S&P 500, 1Y 1.500.671.54 1.00
Return / volatility, 1Y -0.190.34-0.08 0.94
Max drawdown, 5Y -69.6%-41.2%-93.3% -25.4%
From 52-week high -23.9%-37.3%-40.9% -1.2%
52-week high $65.59$225.37$30.23 $779.14
52-week low $44.15$121.51$8.31 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleGXOLSTRFWRD
P/E now vs peer median 43.8xmedian 16.5x 29.9xmedian 16.5x -2.0xmedian 16.5x
P/S now vs peer median 0.4xmedian 0.9x 0.9xmedian 0.9x 0.2xmedian 0.9x
EV/EBITDA now vs peer median 10.2xmedian 8.8x 17.5xmedian 8.8x -160.0xmedian 8.8x
P/FCF now vs peer median 31.8xmedian 11.9x 30.2xmedian 11.9x 12.5xmedian 11.9x
P/B now vs peer median 1.9xmedian 1.2x 5.7xmedian 1.2x -4.9xmedian 1.2x
PEG now vs peer median -3.62median 0.84 -1.74median 0.84 0.04median 0.84

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsGXOLSTRFWRD
Revenue $13.64B $5.29B $2.52B
Gross profit $2.08B – –
Operating income $328.00M $214.56M -$168.73M
Net income $139.00M $160.38M -$330.71M
Free cash flow $180.00M $157.62M $48.22M
EPS (diluted) $1.13 $4.73 $-8.81
Cash & equivalents $769.00M $297.32M $139.45M
Total debt $3.20B $68.71M $1.69B
Shares (diluted) 115.72M 33.87M 32.48M
Enterprise value $2.96B $3.26B $46.79M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricGXOLSTRFWRD
P/E 43.8x 29.9x -2.0x
P/FCF 31.8x 30.2x 12.5x
P/Operating cash flow 11.3x 27.8x 8.5x
P/S 0.4x 0.9x 0.2x
P/B 1.9x 5.7x -4.9x
P/Tangible book 2.6x 5.7x -0.6x
EV/EBITDA 10.2x 17.5x -160.0x
EV/EBIT 24.9x 20.9x -12.8x
EV/Revenue 0.6x 0.8x 0.9x
EV/FCF 45.3x 28.4x 44.7x
EV/Operating cash flow 16.0x 26.2x 30.4x
PEG (3Y EPS CAGR) -3.62 -1.74 0.04

Growth

14 metrics
MetricGXOLSTRFWRD
Revenue growth (1Y) 7.6% 10.7% -0.1%
Revenue CAGR (3Y) 12.9% -2.9% 18.1%
Gross profit growth (1Y) 9.3% – –
Gross profit CAGR (3Y) 7.2% – –
Operating income growth (1Y) 52.6% 19.3% -237.4%
Operating income CAGR (3Y) 4.6% -18.3% -42.5%
Net income growth (1Y) 107.5% 16.8% -72.8%
Net income CAGR (3Y) -11.7% -18.8% -61.1%
EPS growth (1Y) 106.7% 19.3% -54.9%
EPS CAGR (3Y) -12.1% -17.2% -52.0%
Operating cash flow growth (1Y) 22.4% -19.6% 67.4%
Operating cash flow CAGR (3Y) 4.8% -29.5% -34.7%
Free cash flow growth (1Y) 93.5% -20.7% 503.2%
Free cash flow CAGR (3Y) 20.1% -30.5% -39.4%

Profitability

14 metrics
MetricGXOLSTRFWRD
Gross margin 15.3% – –
EBITDA margin 5.9% 4.8% -0.5%
Operating margin 2.4% 4.1% -6.7%
Pretax margin 1.6% 4.0% -13.9%
Net margin 1.0% 3.0% -11.4%
FCF margin 1.3% 3.0% 1.9%
Operating cash flow margin 3.7% 3.2% 2.8%
Return on equity 4.5% 19.2% –
Return on assets 1.1% 9.0% -13.6%
Return on invested capital 3.3% 17.9% -9.8%
Return on capital employed 4.0% 21.3% -8.0%
Asset turnover 1.1x 3.0x 1.0x
Cash conversion (OCF / net income) 3.7x 1.1x -0.2x
Stock comp / revenue 0.3% 0.2% 0.4%

Financial Health

11 metrics
MetricGXOLSTRFWRD
Debt / assets 25.9% 3.8% 70.2%
Debt / equity 1.1x 0.1x -13.8x
Net debt / EBITDA 3.1x -1.1x -115.3x
Debt / FCF 17.8x 0.4x 35.1x
Liabilities / assets 75.6% 54.1% 105.1%
Equity / assets 24.4% 45.9% -5.1%
Interest coverage 2.5x 111.1x -1.0x
Current ratio 0.8x 1.8x 1.3x
Quick ratio 0.7x 1.7x 1.2x
Cash ratio 0.2x 0.5x 0.3x
Altman Z-score 1.56 8.93 0.63

Shareholder Returns

7 metrics
MetricGXOLSTRFWRD
Dividend yield – 2.6% –
Net buyback yield 0.2% 2.1% –
Shareholder yield 0.2% 4.7% 0.0%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusGXOLSTRFWRD
Forward P/E 16.1xFY2026 23.0xFY2026 –
EPS, next fiscal year $3.10FY2026 $6.15FY2026 $-0.86FY2026
EPS growth, next FY +23.5%FY2026 +85.8%FY2026 –
EPS growth, the year after +9.0% +27.8% –
Revenue, next fiscal year $13.03BFY2026 $5.45BFY2026 $2.49BFY2026
Revenue growth, next FY -1.1%FY2026 +15.1%FY2026 -0.3%FY2026
Revenue growth, the year after +17.6% +17.6% +9.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersGXOLSTRFWRD
Held by institutions 100.0% 100.0% 90.3%
Institutions holding 480 544 189
Change in shares held, QoQ +5.8% -2.8% +3.5%
Institutions buying 237 297 118
Institutions selling 153 153 45
Buyers to sellers 1.55 1.94 2.62

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

GXOLSTRFWRD
GXO 1.00 0.28 0.38
LSTR 0.28 1.00 0.17
FWRD 0.38 0.17 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, GXO, LSTR and FWRD?

GXO Logistics (GXO) is the largest by market capitalisation: GXO Logistics (GXO) $5.72B, Landstar System (LSTR) $4.82B, Forward Air (FWRD) $573.61M.

Which stock is cheaper, GXO, LSTR and FWRD?

Landstar System (LSTR) trades on the lowest price-to-earnings ratio (GXO Logistics (GXO) 43.7x, Landstar System (LSTR) 30.1x, Forward Air (FWRD) -2.0x). On next year's consensus earnings, GXO Logistics (GXO) is cheapest (GXO Logistics (GXO) 16.1x, Landstar System (LSTR) 23.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Landstar System (LSTR) grew revenue fastest over the trailing twelve months: GXO Logistics (GXO) +7.6%, Landstar System (LSTR) +10.7%, Forward Air (FWRD) -0.1%.

Which company is more profitable?

Landstar System (LSTR) has the highest net margin (GXO Logistics (GXO) 1.0%, Landstar System (LSTR) 3.0%, Forward Air (FWRD) -11.4%). On return on invested capital, Landstar System (LSTR) leads (GXO Logistics (GXO) 3.3%, Landstar System (LSTR) 17.9%, Forward Air (FWRD) -9.8%).

Which stock has performed better?

Over the past year Landstar System (LSTR) returned the most: GXO Logistics (GXO) -7.6%, Landstar System (LSTR) +13.6%, Forward Air (FWRD) -7.1%. Over five years, Landstar System (LSTR) compounded fastest (GXO Logistics (GXO) -10.9%/yr, Landstar System (LSTR) -4.3%/yr, Forward Air (FWRD) -29.2%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Landstar System (LSTR) has been the steadiest (GXO Logistics (GXO) 40.7%, Landstar System (LSTR) 40.1%, Forward Air (FWRD) 93.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, GXO, LSTR and FWRD?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Landstar System (LSTR) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.