RDW
Redwire Corporation
RDW has the edge over RXO overall, supported by stronger fundamentals and stronger modeled upside.
RXO
RXO, Inc.
RXO has lower modeled downside risk, despite its lower overall score.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
RXO Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Weak |
RXO's revenue is currently healthy, but its profitability, cash flow and balance sheet are under pressure.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
RXO PE Valuation
RXO has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 54x next year's earnings.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect RDW's losses to shrink, with revenue growing.
RXO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Strong growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect RXO to return to profit, with revenue growing. However, they disagree widely on these estimates.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
RXO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.52 | — |
| Q3 2026 | -$0.52 | -$0.04 |
| Q2 2026 | -$0.62 | +$1.59 |
| Q1 2026 | -$0.62 | +$1.60 |
| Q4 2025 | -$0.59 | +$1.58 |
| Q3 2025 | -$0.48 | +$1.51 |
| Q2 2025 | -$2.21 | -$2.02 |
| Q1 2025 | -$2.22 | -$2.12 |
| Q4 2024 | -$2.17 | -7333% |
RXO has the edge over RDW on earnings, with more consistent year-over-year improvement.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW's revenue has grown year over year for five quarters in a row: $109M last quarter, up 5.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 points from the same quarter a year ago.
RXO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.9B | +32% |
| Q2 2026 | $1.8B | +25% |
| Q1 2026 | $1.4B | -0.6% |
| Q4 2025 | $1.5B | -12% |
| Q3 2025 | $1.4B | +37% |
| Q2 2025 | $1.4B | +53% |
| Q1 2025 | $1.4B | +57% |
| Q4 2024 | $1.7B | +70% |
RXO has the edge over RDW on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 0.9% | +1.4 points |
| Q2 2026 | 0.1% | +0.1 points |
| Q1 2026 | -2% | +0.1 points |
| Q4 2025 | -2.9% | -1.4 points |
| Q3 2025 | -0.5% | +1.4 points |
| Q2 2025 | 0% | 0 points |
| Q1 2025 | -2.1% | -0.8 points |
| Q4 2024 | -1.4% | -2.9 points |
RXO has the edge over RDW on profitability, with a higher operating margin.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
RXO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $12M | +33% |
| Q2 2026 | -$52M | -678% |
| Q1 2026 | -$24M | -$7M |
| Q4 2025 | -$9M | +$10M |
| Q3 2025 | $9M | +$27M |
| Q2 2025 | $9M | +$25M |
| Q1 2025 | -$17M | -$13M |
| Q4 2024 | -$19M | -2000% |
RXO has the edge over RDW on cash flow, with more consistent year-over-year improvement.
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
RXO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.4% | +2.4M shares |
| 1 year | +2% | +3.4M shares |
| 3 years | +47% | +55M shares |
| 5 years | +49% | +56.9M shares |
RXO has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2024 | — |
| Q3 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | — |
| Q3 2021 | — |
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
RXO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 8.4x | High |
| Q2 2026 | 16.0x | High |
| Q1 2026 | 12.9x | High |
| Q4 2025 | 10.5x | High |
| Q3 2025 | 6.3x | High |
| Q2 2025 | 9.2x | High |
| Q1 2025 | 13.4x | High |
| Q4 2024 | 10.7x | High |
RXO's net debt is about 8.4 years of its operating earnings (EBITDA), up from 6.3 years a year ago.
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
RXO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 60.7 | Neutral |
| Stochastic | 85.5 | Overbought |
RXO's weekly RSI is 61 (neutral) and its Stochastic is 85 (overbought).
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
RXO PE vs Industrials Sector
| Metric | RXO | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
RXO has no meaningful PE right now: it lost money over the past year.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
RXO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $26.6 | 6.3% above |
| 20 week MA | $24.6 | 15% above |
| 50 week MA | $20.4 | 38% above |
| 100 week MA | $18.9 | 49% above |
| 200 week MA | $20.6 | 37% above |
RXO has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW's yearly returns have swung widely, from +501% in 2024 to −74% in 2022. It's up 12% so far in 2026.
RXO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2022 | $21.5 | $16.3 | -24% |
| 2023 | $16.3 | $23.3 | +43% |
| 2024 | $23.3 | $24.4 | +4.7% |
| 2025 | $24.4 | $12.7 | -48% |
| 2026 YTD | $12.7 | $28.3 | +123% |
RXO has the edge over RDW on returns for 2026, with the stronger performance.