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

Hafnia brought in $2.9B of revenue in fiscal 2024, XPO $8.2B in fiscal 2025. Revenue changed by +7.4% at Hafnia and +1.1% at XPO on the year before, so Hafnia grew faster. Hafnia kept 27.0% of its revenue as net profit, XPO 3.9%. Free cash flow was $980.8M at Hafnia and $329M at XPO.

Side by side, latest fiscal year

HAFNXPO
Fiscal year endedFY2024 (December 31, 2024)FY2025 (December 31, 2025)
Revenue$2.9B$8.2B
Revenue growth+7.4%+1.1%
Net income$774M$316M
Net margin27.0%3.9%
Free cash flow$980.8M$329M
Free cash flow margin34.2%4.0%
Earnings per share (diluted)$1.50$2.64
Cash$283.6M$310M
Debt$1.1B$3.4B
Price to earningsn/a65.6
Market value$4.5B$20.3B
Dividend yieldn/an/a
Rank by revenue in sector#297 of 778 · Consumer discretionary#138 of 778 · Consumer discretionary

Over the years

Revenue
HAFN FY2022: $1.9BHAFN FY2024: $2.7BHAFN FY2024: $2.9BXPO FY2018: $17.3BXPO FY2019: $10.7BXPO FY2020: $6.2BXPO FY2021: $7.2BXPO FY2022: $7.7BXPO FY2023: $7.7BXPO FY2024: $8.1BXPO FY2025: $8.2BFY18FY19FY20FY21FY22FY23FY24FY25
HAFN $2.9BXPO $8.2B
Net income
HAFN FY2022: $751.6MHAFN FY2024: $793.3MHAFN FY2024: $774MXPO FY2018: $422MXPO FY2019: $419MXPO FY2020: $110MXPO FY2021: $336MXPO FY2022: $666MXPO FY2023: $189MXPO FY2024: $387MXPO FY2025: $316MFY18FY19FY20FY21FY22FY23FY24FY25
HAFN $774MXPO $316M
Net margin
HAFN FY2022: 39.0%HAFN FY2024: 29.7%HAFN FY2024: 27.0%XPO FY2018: 2.4%XPO FY2019: 3.9%XPO FY2020: 1.8%XPO FY2021: 4.7%XPO FY2022: 8.6%XPO FY2023: 2.4%XPO FY2024: 4.8%XPO FY2025: 3.9%FY18FY19FY20FY21FY22FY23FY24FY25
HAFN 27.0%XPO 3.9%
Revenue growth
HAFN FY2024: +38.7%HAFN FY2024: +7.4%XPO FY2019: -38.2%XPO FY2020: -42.3%XPO FY2021: +16.8%XPO FY2022: +7.2%XPO FY2023: +0.3%XPO FY2024: +4.2%XPO FY2025: +1.1%FY19FY20FY21FY22FY23FY24FY25
HAFN +7.4%XPO +1.1%
Free cash flow
HAFN FY2022: $323.8MHAFN FY2024: $876.4MHAFN FY2024: $980.8MXPO FY2018: $551MXPO FY2019: $250MXPO FY2020: $139MXPO FY2021: $387MXPO FY2022: $303MXPO FY2023: -$839MXPO FY2024: $19MXPO FY2025: $329MFY18FY19FY20FY21FY22FY23FY24FY25
HAFN $980.8MXPO $329M

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

Questions about Hafnia and XPO

Which is bigger by revenue, Hafnia or XPO?

XPO is bigger by revenue: $8.2B in fiscal 2025, against $2.9B for Hafnia in fiscal 2024.

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

Hafnia had a net margin of 27.0% in fiscal 2024; XPO had 3.9% in fiscal 2025.

Which grew revenue faster, Hafnia or XPO?

In their latest fiscal years revenue changed by +7.4% at Hafnia and +1.1% at XPO.

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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