Industrials · Integrated Freight & Logistics
Price
$160.62
Market Cap
$21.0B
Employees
19,203
Beta
1.05
Avg Volume
1,159,862
CEO
Daniel R. Wall
Business Description
Expeditors International of Washington, Inc. functions as a prominent global logistics and supply chain management enterprise. With a vast operational footprint spanning the Americas, North and South Asia, Europe, the Middle East, Africa, and India, the company delivers an extensive portfolio of services to its clients. Their core transportation offerings include comprehensive air freight solutions, encompassing both consolidation and forwarding, alongside diverse ocean freight services ranging from consolidated cargo to direct vessel bookings, complemented by efficient order management. Beyond mere transport, Expeditors provides crucial ancillary services such as customs brokerage and clearance, intra-continental ground delivery, and warehousing and distribution. The company's advanced supply chain capabilities feature meticulous purchase order oversight, vendor consolidation, guaranteed time-critical transportation, temperature-controlled shipping environments, cargo insurance, and sophisticated cargo monitoring and tracking systems. Moreover, they offer strategic advisory services for supply chain optimization, trade compliance, general business consulting, and enhanced cargo security protocols. Expeditors frequently acts as a freight consolidator or an authorized agent for airlines facilitating shipments. Their support infrastructure further includes the detailed preparation of all required shipping and customs documentation, expert packing and crating services, arrangement of insurance, negotiation of letters of credit, and ensuring full compliance with local export regulations. Serving a broad spectrum of industries, their client base primarily consists of retailing, wholesaling, electronics, technology, and various industrial and manufacturing companies. Expeditors International of Washington, Inc. was founded in 1979 and maintains its corporate headquarters in Seattle, Washington.
Business History
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
26.90
Stock Price: $160.62
EPS (Diluted): 5.97
EPS (Diluted): 5.97
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
8.59
Stock Price: $160.62
Total Equity: $2.36B
Shares: 136,249,000
Total Equity: $2.36B
Shares: 136,249,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
16.94
Market Cap: $21.01B
Total Debt: $0.00
Cash: $1.31B
EBITDA: $1.15B
Total Debt: $0.00
Cash: $1.31B
EBITDA: $1.15B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$19.5B
Market Cap: $21.01B
Total Debt: $0.00
Cash: $1.31B
Total Debt: $0.00
Cash: $1.31B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
15.3%
Gross Profit: $1.69B
Revenue: $11.07B
Revenue: $11.07B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
9.5%
Operating Income: $1.05B
Revenue: $11.07B
Revenue: $11.07B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
7.4%
Net Income: $813.76M
Revenue: $11.07B
Revenue: $11.07B
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
34.5%
Net Income: $813.76M
Total Equity: $2.36B
Total Equity: $2.36B
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
75.0%
Operating Income: $1.05B
Tax Rate: 25.8%
Equity: $2.36B
Total Debt: $0.00
Cash: $1.31B
Tax Rate: 25.8%
Equity: $2.36B
Total Debt: $0.00
Cash: $1.31B
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.81
Current Assets: $3.76B
Current Liabilities: $2.07B
Current Liabilities: $2.07B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $2.36B
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $2.36B
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$81.24
Revenue: $11.07B
Shares: 136,249,000
Shares: 136,249,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$17.29
Total Equity: $2.36B
Shares: 136,249,000
Shares: 136,249,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$7.00
Operating CF: $1.01B
CapEx: -$53.10M
Shares: 136,249,000
CapEx: -$53.10M
Shares: 136,249,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
1.0%
Last Dividend: N/A
Stock Price: $160.62
Stock Price: $160.62
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $813.76M
Net Income: $813.76M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares EXPD against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 7:39pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $16.5B | $17.1B | $9.3B | $10.6B | $11.1B |
| Cost of Revenue | $14.4B | $14.9B | $8.1B | $9.3B | $9.4B |
| Gross Profit | $2.2B | $2.2B | $1.2B | $1.3B | $1.7B |
| Operating Expenses | $256.1M | $346.8M | $305.5M | $307.7M | $641.7M |
| Operating Income | $1.9B | $1.8B | $939.9M | $1.0B | $1.1B |
| Net Income | $1.4B | $1.4B | $752.9M | $810.1M | $813.8M |
| EBITDA | $2.0B | $1.9B | $1.1B | $1.2B | $1.2B |
| EPS | $8.37 | $8.33 | $5.05 | $5.75 | $5.97 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 7:39pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $1.7B | $2.0B | $1.5B | $1.1B | $1.3B |
| Total Current Assets | $6.6B | $4.5B | $3.4B | $3.7B | $3.8B |
| Total Assets | $7.6B | $5.6B | $4.5B | $4.8B | $4.9B |
| Current Liabilities | $3.7B | $2.1B | $1.7B | $2.1B | $2.1B |
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $4.1B | $2.5B | $2.1B | $2.5B | $2.5B |
| Total Equity | $3.5B | $3.1B | $2.4B | $2.2B | $2.4B |
| Retained Earnings | $3.6B | $3.3B | $2.6B | $2.5B | $2.5B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 7:39pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $868.5M | $2.1B | $1.1B | $723.4M | $1.0B |
| Capital Expenditure | -$36.2M | -$86.8M | -$39.3M | -$40.5M | -$53.1M |
| Free Cash Flow | $832.2M | $2.0B | $1.0B | $682.9M | $953.4M |
| Acquisitions (net) | $0 | $0 | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$514.6M | -$1.6B | -$1.4B | -$855.1M | -$667.3M |
| Net Change in Cash | $200.9M | $305.4M | -$521.2M | -$364.6M | $166.0M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 12:25pm (20h ago)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$11.0B $10.9B – $11.1B
|
$11.6B $11.5B – $11.8B
|
$12.0B $11.7B – $12.5B
|
$12.6B $12.6B – $12.6B
|
| EBITDA |
$1.2B $1.2B – $1.3B
|
$1.3B $1.3B – $1.3B
|
$1.3B $1.3B – $1.4B
|
$1.4B $1.4B – $1.4B
|
| Net Income |
$807.1M $786.6M – $827.6M
|
$894.8M $866.1M – $966.2M
|
$897.9M $819.8M – $1.0B
|
$965.9M $929.6M – $977.8M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 7:39pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +3.3% | -45.5% | +14.0% | +4.4% |
| Gross Profit Growth | +0.3% | -42.6% | +8.3% | +25.6% |
| Operating Income Growth | -4.4% | -48.5% | +10.8% | +1.1% |
| Net Income Growth | -4.1% | -44.5% | +7.6% | +0.5% |
| EBITDA Growth | -3.0% | -43.3% | +6.3% | -0.4% |
Dividend History (Last 20)
Last updated: Jun 21, 2026 7:39pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-06-01 | $0.81 | 2026-05-04 | 2026-06-01 | 2026-06-15 |
| 2025-12-01 | $0.77 | 2025-11-03 | 2025-12-01 | 2025-12-15 |
| 2025-06-02 | $0.77 | 2025-05-05 | 2025-06-02 | 2025-06-16 |
| 2024-12-02 | $0.73 | 2024-11-05 | 2024-12-02 | 2024-12-16 |
| 2024-06-03 | $0.73 | 2024-05-06 | 2024-06-03 | 2024-06-17 |
| 2023-11-30 | $0.69 | 2023-11-06 | 2023-12-01 | 2023-12-15 |
| 2023-05-31 | $0.69 | 2023-05-01 | 2023-06-01 | 2023-06-15 |
| 2022-11-30 | $0.67 | 2022-11-07 | 2022-12-01 | 2022-12-15 |
| 2022-05-31 | $0.67 | 2022-05-03 | 2022-06-01 | 2022-06-15 |
| 2021-11-30 | $0.58 | 2021-11-01 | 2021-12-01 | 2021-12-15 |
| 2021-05-28 | $0.58 | 2021-05-04 | 2021-06-01 | 2021-06-15 |
| 2020-11-30 | $0.52 | 2020-11-04 | 2020-12-01 | 2020-12-15 |
| 2020-05-29 | $0.52 | 2020-05-05 | 2020-06-01 | 2020-06-15 |
| 2019-11-29 | $0.50 | 2019-11-04 | 2019-12-02 | 2019-12-16 |
| 2019-05-31 | $0.50 | 2019-05-06 | 2019-06-03 | 2019-06-17 |
| 2018-11-30 | $0.45 | 2018-11-05 | 2018-12-03 | 2018-12-17 |
| 2018-05-31 | $0.45 | 2018-05-08 | 2018-06-01 | 2018-06-15 |
| 2017-11-30 | $0.42 | 2017-11-07 | 2017-12-01 | 2017-12-15 |
| 2017-05-30 | $0.42 | 2017-05-03 | 2017-06-01 | 2017-06-15 |
| 2016-11-29 | $0.40 | 2016-11-09 | 2016-12-01 | 2016-12-15 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for EXPD — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30