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Hafnia vs RXO: revenue, profit, margins and growth compared

Hafnia brought in $2.9B of revenue in fiscal 2024, RXO $5.7B in fiscal 2025. Revenue changed by +7.4% at Hafnia and +26.2% at RXO on the year before, so RXO grew faster. Hafnia kept 27.0% of its revenue as net profit, RXO -1.7%. Free cash flow was $980.8M at Hafnia and -$8M at RXO.

Side by side, latest fiscal year

HAFNRXO
Fiscal year endedFY2024 (December 31, 2024)FY2025 (December 31, 2025)
Revenue$2.9B$5.7B
Revenue growth+7.4%+26.2%
Net income$774M-$100M
Net margin27.0%-1.7%
Free cash flow$980.8M-$8M
Free cash flow margin34.2%-0.1%
Earnings per share (diluted)$1.50-$0.59
Cash$283.6M$17M
Debt$1.1B$404M
Price to earningsn/an/a
Market value$4.5B$3.3B
Dividend yieldn/an/a
Rank by revenue in sector#297 of 778 · Consumer discretionary#184 of 778 · Consumer discretionary

Over the years

Revenue
HAFN FY2022: $1.9BHAFN FY2024: $2.7BHAFN FY2024: $2.9BRXO FY2020: $3.4BRXO FY2022: $4.7BRXO FY2022: $4.8BRXO FY2023: $3.9BRXO FY2024: $4.6BRXO FY2025: $5.7BFY20FY22FY23FY24FY25
HAFN $2.9BRXO $5.7B
Net income
HAFN FY2022: $751.6MHAFN FY2024: $793.3MHAFN FY2024: $774MRXO FY2020: $43MRXO FY2022: $150MRXO FY2022: $92MRXO FY2023: $4MRXO FY2024: -$290MRXO FY2025: -$100MFY20FY22FY23FY24FY25
HAFN $774MRXO -$100M
Net margin
HAFN FY2022: 39.0%HAFN FY2024: 29.7%HAFN FY2024: 27.0%RXO FY2020: 1.3%RXO FY2022: 3.2%RXO FY2022: 1.9%RXO FY2023: 0.1%RXO FY2024: -6.4%RXO FY2025: -1.7%FY20FY22FY23FY24FY25
HAFN 27.0%RXO -1.7%
Revenue growth
HAFN FY2024: +38.7%HAFN FY2024: +7.4%RXO FY2022: +39.7%RXO FY2022: +2.3%RXO FY2023: -18.1%RXO FY2024: +15.9%RXO FY2025: +26.2%FY22FY23FY24FY25
HAFN +7.4%RXO +26.2%
Free cash flow
HAFN FY2022: $323.8MHAFN FY2024: $876.4MHAFN FY2024: $980.8MRXO FY2020: -$22MRXO FY2022: $116MRXO FY2022: $253MRXO FY2023: $25MRXO FY2024: -$57MRXO FY2025: -$8MFY20FY22FY23FY24FY25
HAFN $980.8MRXO -$8M

Fiscal years as each company reports them; the two may end in different months.

Questions about Hafnia and RXO

Which is bigger by revenue, Hafnia or RXO?

RXO is bigger by revenue: $5.7B in fiscal 2025, against $2.9B for Hafnia in fiscal 2024.

Which keeps more of its revenue as profit, Hafnia or RXO?

Hafnia had a net margin of 27.0% in fiscal 2024; RXO had -1.7% in fiscal 2025.

Which grew revenue faster, Hafnia or RXO?

In their latest fiscal years revenue changed by +7.4% at Hafnia and +26.2% at RXO.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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