Expeditors International of Washington, Inc.

Arrangement Of Transportation Of Freight & Cargo

EXPDStrong10 of 11 basics passed

$193.24

-0.24%

Market cap $25.1B

$193.24

-0.24%

Market cap $25.1B

Based in the US, Expeditors International of Washington is a non-asset-based third-party logistics provider, mainly focused on international freight forwarding.

It is a $25.1B industrial company. Revenue grew 6.8% over the last year, it keeps 8¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 27.3× earnings — near the highest of its own history.

Website: expeditors.com
Location: Bellevue, WA
Employees: 19 800
Sector: Industrials

Share price · 3 years

$117.71 → $193.24+64.2%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $12.0B
Profit: keeps 8¢ of every $1 sold; $919M
Free cash flow: cash left after running the business; $924M
Net cash: more cash than debt; $744M
P/E: years of profit in the price; 27.3
EPS: earnings per share, TTM; $6.74
Dividend: pays out 45% of profit · 23% of FCF; 0.83%
Shares: down 25% since 2016 — buybacks; 136.2M
Volatility: beta vs the market — under 1 swings less; 1.10

Revenue, last 10 years

52-week range

Low $113.13$193.24High $194.12

Today's price is 99% of the way from the year's low to its high.

P/E vs its history5y

27.3×median 18.8×

Higher than 99% of past days — near the highest of its own history.

Valuation vs own history

P/E

27.3×

P/S

2.1×

EV/EBITDA

20.4×

P/B

11.8×

FCF yield

3.7%

Share of the last ~5 years that was pricier than today (unusually expensive vs its own history). Based on the daily valuation record.

Standing in Industrials

Size$25.1Btop 40%
Revenue growth-13%top 100%
Net margin8%top 64%
Return on equity41%top 12%
P/E27.3×top 54%
Dividend yield0.83%top 65%

Ranked against 130 Industrials companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong profitability, health and quality; Valuation and Growth lag behind.

Valuation44

P/E vs own history99th pct · 0/25
FCF yield3.7% · 12/25
P/S2.1x · 20/25
EV/EBITDA19.5x · 12/25

Growth24

Revenue CAGR-9.5% · 0/25
Net income CAGR-13.0% · 0/25
EPS CAGR ~5Y7.9% · 12/25
Fwd implied growth14.8% · 12/25

Profitability75

ROIC50.3% · 25/25
ROE40.7% · 25/25
Net margin7.6% · 13/25
Operating margin9.8% · 12/25

Health93

Altman Z7.71 · 25/25
Current ratio1.57 · 18/25
Interest coverage32.5x · 25/25
Net cash / debtNet cash · 25/25

Quality97

Piotroski F7/9 · 22/25
Beneish M-2.61 · 25/25
FCF conversion101% · 25/25
Margin stabilityσ 1.1% · 25/25

Moat68

ROIC >12% years10/10 yrs · 25/25
Median gross margin10.0% · 0/25
FCF-positive years10/10 yrs · 25/25
Worst-year net marginworst 6.9% · 18/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2021Financial
Best year on record
$1.42B net income
FY2020Financial
Revenue crossed $10B
$10.1B for the year
FY2016Financial
Profitable every year on record
10 consecutive profitable years in our data
FY2016Financial
Revenue already above $1B
$6.10B in first reported year
FY2016Financial
Positive free cash flow every year since
10-year streak

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$15 064 today — price return only

$11.1B revenue in FY2025

Revenue up 6.8% year over year

Profitable 10 years in a row

Positive free cash flow 10 years in a row

19 800 employees

ROIC of 50.3%

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

Net cash position after subtracting debt from cash
Interest covered 32.5× by operating earnings
High returns on invested capital (ROIC 50.3%)
Piotroski F-Score 7/9 — fundamentally strong checklist
Altman Z-Score 7.71 — low bankruptcy-risk zone

Watch-outs

Nothing stands out as a concern in the available data.

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

10 of 11 checks passed

Revenue growing — the company sells more than a year ago+6.8% YoY
Profitable — makes more than it spends$919M TTM
Profit growing — earnings are higher than last year-10.4% YoY
Generates cash — cash left after running and investing$924M TTM
Debt under control — could handle its obligationsmore cash than debt
Established company — not a micro-cap — lower blow-up risk$25.1B market cap
Not printing shares — share count not ballooning — you keep your slice-20.3% shares over ~5y
Proven track record — years of profitability behind it10/10 profitable years
Financially stable — balance sheet not near distressAltman Z 7.7 — safe
Pays a dividend — returns cash to shareholdersyield 0.83%
Valuation not extreme — price not wildly above earningsP/E 27.3

Peer comparisonExpeditors International of Washington, Inc. vs 6 largest industrials peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
EXPD this company	$25.1B	27.3	+6.8%	7.6%	Strong
LRCX Lam Research Corp	$399.2B	54.9	+26.0%	31.3%	Strong
CAT Caterpillar Inc.	$368.0B	33.9	+18.4%	14.5%	Solid
RTX RTX Corporation	$251.3B	32.4	+11.8%	8.3%	Strained
DE Deere & Company	$167.7B	34.4	+8.3%	10.2%	Solid
ETN Eaton Corporation, plc	$167.2B	43.6	+15.5%	12.8%	Mixed
UNP Union Pacific Corp.	$166.8B	22.6	+4.2%	28.8%	Strained

Head-to-head: EXPD vs LRCX · EXPD vs CAT · EXPD vs RTX

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 2Buy 1Hold 13Sell 5Strong sell 2

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $12.0B · net income $919M (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$12.0B

YoY 6.8%

Net income (TTM)

$919M

Margin 7.6%

Gross margin

32.7%

Operating margin

9.8%

P/E ratio

27.3

Dividend yield

0.83%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	10.1	16.5	17.1	9.3	10.6	11.1
Gross profit	0.9	1.9	1.8	1.3	1.0	1.1
Operating income (EBIT)	0.9	1.9	1.8	0.9	1.0	1.1
Net income	0.7	1.4	1.4	0.8	0.8	0.8
EPS (diluted)	4.07	8.27	8.26	5.01	5.72	5.95

Cash flowFree cash flow $924M · operating cash flow $973M (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$924M

Margin 7.7%

Operating cash flow (TTM)

$973M

FCF margin

7.7%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	0.7	0.9	2.1	1.1	0.7	1.0
Capital expenditure	-0.0	-0.0	-0.1	-0.0	-0.0	-0.1
Free cash flow	0.6	0.8	2.0	1.0	0.7	1.0
FCF margin	6.0%	5.0%	12.0%	10.9%	6.4%	8.6%

Balance sheetAssets $4.89B · net cash $744M (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $4.89B of assets is financed

52%

48%

Liabilities $2.54B — borrowed moneyEquity $2.36B — owners' stake

Cash vs debt

Total debt $571M − cash $1.31B = net cash $744M

Cash on hand covers all debt.

Altman Z-Score

7.71

Safe zone

Debt repayment

Not needed

Cash already covers all debt

Interest coverage

32.5x

EBIT ÷ interest expense

ROE

40.7%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	1.5	1.7	2.0	1.5	1.1	1.3
Total assets	4.9	7.6	5.6	4.5	4.8	4.9
Total liabilities	2.3	4.1	2.5	2.1	2.5	2.5
Total debt	—	0.5	0.5	0.5	0.6	0.6
Equity	2.7	3.5	3.1	2.4	2.2	2.4
Net debt	—	-1.3	-1.5	-1.0	-0.6	-0.7

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of EXPD on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $193.24 · market cap $25.1B.