Expeditors International Of Washington Inc (EXPD)
Industrials · Air Freight & Logistics · US stock · S&P 500 component
$196.19
▼ -0.82 (0.42%)
Fair valueOvervalued
$160 −18.5% to fair value
$80fair band $136–$194$240
Day's range
$194.22 – $199.61
52-week range
$116.84 – $200.66
About Expeditors International Of Washington Inc
Expeditors International is a global logistics company that arranges the movement of freight for other businesses. It handles air and ocean freight forwarding, customs brokerage and compliance, warehousing, distribution and related supply chain services. It relies on space booked with airlines and ocean carriers rather than owning vessels or aircraft itself. Customers include importers, exporters, retailers and manufacturers in industries such as technology and consumer goods.
Revenue comes from the charges it bills customers for arranging transport, customs and warehousing services. Sales were $12.0 billion over the last twelve months, but growth over the last three years is -13.4% a year, meaning sales have contracted. The operating margin is 9.8%, and the business earns a profit of 82% on the capital invested in it. It pays a dividend with a yield of 0.8%. On the site's X-Ray Score it receives 45 out of 100.
Price chart
52-wk range $116.84 – $200.66Volume 1,345,682Daily, split-adjusted
Vitals
Market cap$25.8B
52-week range$116.84 – $200.66
Volume (last day)1,345,682
P/E (TTM)28.7
EBIT / EV yield4.8%
Free-cash-flow yield3.6%
Dividend yield0.8%
Revenue (TTM)$12.0B
Net income (TTM)$919M
Operating margin9.8%
Return on capital81.9%
Debt incl. leasesData missing
Cash & securities$1.0B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$160middle half of models $150 – $168
Overvalued
−18.5% to fair value
Average of the 13 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Low, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $196
Undervalued < $136Fair $136 – $194Overvalued > $194
P/E multiple
$187
P/B multiple
$146
P/S multiple
$150
EV/EBITDA multiple
$167
EV/EBIT multiple
$165
EV/revenue multiple
$165
10-year DCF, EBITDA exit
$162
5-year DCF, EBITDA exit
$168
10-year DCF, revenue exit
$162
5-year DCF, revenue exit
$168
10-year DCF, growth exit
$130
5-year DCF, growth exit
$128
Earnings power value
$180
Growth the price implies
11.7%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Average business, priced high
Our models put fair value below today's price, so a lot of good news may already be in the price. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Industrials peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Weak
31/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield4.8%
Free-cash-flow yield3.6%
Fair value vs price0.8×
Growth
Weak
20/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)-13.4%
EPS growth (3y)-10.4%
Growth consistency70%
Profitability
Fair
60/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital81.9%
Operating margin9.8%
Financial health
Strong
73/100
Balance sheet looks strong: debt is well covered.
See the numbers →
Piotroski F-Score7 / 9
Interest coverNo interest cost
Dividends
Weak
31/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield0.8%
Dividends vs free cash flow22%
Dividend growth-1.0%
Quarterly results: last 6 quarters
+20.8%
Mar '25
+8.7%
Jun '25
-3.5%
Sep '25
-3.3%
Dec '25
+4.4%
Mar '26
+32.1%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $3.5B, diluted EPS $2.03.
Compare with peers
FDX Fedex Corp54 UPS United Parcel Service...44 CHRW C. H. Robinson Worldwi...38Other Air Freight & Logistics companies by X-Ray Score.
SWOT analysis: Expeditors International Of Washington Inc
Strengthsinside the company
- Return on invested capital is 81.9%, against a median of 14.7% for industry peers.
- Operating profit covers interest 50x, so debt costs are a small drag.
- Passes 7 of the 9 Piotroski tests, which points to improving profitability, funding and efficiency.
Weaknessesinside the company
- Revenue has fallen 13.4% a year over three years (median -4.0% for industry peers).
- Earnings per share have declined 10.4% a year over three years.
Opportunitiesvaluation and setting
- Revenue growth picked up to 4.4% last year from -13.4% a year over three years.
- Price momentum is strong on the weekly and monthly signals (trends can reverse).
Threatsvaluation and setting
- The price is 19% above our fair value estimate, so there is little room for disappointment.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare EXPD with peers and sector
Medians of 3 Air Freight & Logistics peers and of 80 Industrials stocks in our universe.
Largest peers (X-Ray Score): UPS 44, FDX 54, CHRW 38.
| Metric | EXPD | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 45 | 44 | 51 |
| Valuation | 31 | 77 | 48 |
| Growth | 20 | 9 | 51 |
| Profitability | 60 | 45 | 50 |
| Financial health | 73 | 37 | 49 |
| Dividends | 31 | 48 | 53 |
Sector leaders: highest X-Ray Score in Industrials
EXPD ranks #59 of 81 in Industrials and #2 of 4 in Air Freight & Logistics by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for EXPD
Each factor is rated by where EXPD stands among the 81 Industrials stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 5 Good · 5 Average · 10 Bad of 20
Growth: 0 · 1 · 2
Profitability: 2 · 0 · 2
Financial strength: 2 · 1 · 0
Valuation: 1 · 3 · 1
Cash flow: 0 · 0 · 4
Efficiency: 0 · 0 · 1
| Factor | EXPD | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | −13.4% | Bad beats 3% | +5.6% | – | – |
| Revenue growth, last year | +4.4% | Average beats 48% | +4.5% | +4.4% | ≈ In line |
| EPS growth, 3 years a year | −10.4% | Bad beats 13% | +5.7% | – | – |
| Profitability | |||||
| Operating margin | 9.8% | Bad beats 25% | 17.5% | 10.1% | ≈ In line |
| Net margin | 7.6% | Bad beats 25% | 12.8% | 8.0% | ≈ In line |
| Return on invested capital | 81.9% | Good beats 98% | 14.9% | – | – |
| Return on equity | 43.4% | Good beats 84% | 23.7% | 36.4% | ▲ Better |
| Financial strength | |||||
| Interest cover | 50.0x | Good beats 76% | 21.4x | 50.0x | ≈ In line |
| Current ratio | 1.57 | Average beats 66% | 1.25 | 1.81 | ▼ Worse |
| Piotroski F-score | 7 / 9 | Good beats 68% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 28.1x | Average beats 52% | 28.9x | 19.4x | ▼ Worse |
| Price / book | 12.2x | Bad beats 21% | 6.2x | 7.1x | ▼ Worse |
| Price / sales | 2.1x | Good beats 70% | 3.5x | 1.5x | ▼ Worse |
| EV / EBITDA | 20.0x | Average beats 43% | 18.5x | – | – |
| Free cash flow yield | 3.6% | Average beats 34% | 3.8% | 4.7% | ▼ Worse |
| Cash flow | |||||
| Free cash flow margin | 7.7% | Bad beats 19% | 13.8% | 8.6% | ≈ In line |
| Cash from operations / net income | 1.06 | Bad beats 11% | 1.39 | 1.24 | ▼ Worse |
| Free cash flow growth, 3 years a year | −22.4% | Bad beats 4% | +14.5% | – | – |
| Accruals (lower is better) | −1.0% | Bad beats 16% | −3.2% | – | – |
| Efficiency | |||||
| Days sales outstanding | 80 days | Bad beats 16% | 57 days | 67 days | ▼ Worse |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 4 Good · ● 4 Average · ● 6 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldAverage
Risk models
Altman Z''Good
Piotroski F-ScoreGood
Growth
EPS growth (3y)Bad
Free-cash-flow growth (3y)Bad
Revenue growth (3y)Bad
Growth consistencyAverage
Balance sheet
Current ratioAverage
Interest coverGood
Valuation
Fair value vs priceBad
EBIT / EV yieldAverage
Profitability
Return on invested capitalGood
Operating marginBad
Each check is graded against the company's sector, not a fixed number. Checklist score 43/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $16.5B | $17.1B | $9.3B | $10.6B | $11.1B |
| Operating income | $1.9B | $1.8B | $940M | $1.0B | $1.1B |
| Net income | $1.4B | $1.4B | $753M | $810M | $810M |
| Operating cash flow | $868M | $2.1B | $1.1B | $723M | $1.0B |
| Operating margin | 11.6% | 10.7% | 10.1% | 9.8% | 9.5% |
| Free cash flow | $832M | $2.0B | $1.0B | $683M | $953M |
| Diluted EPS | $8.27 | $8.26 | $5.01 | $5.72 | $5.95 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bullish
12 bullish · 4 neutral · 0 bearish
Weekly
Strongly bullish
11 bullish · 1 neutral · 0 bearish
Monthly
Strongly bullish
7 bullish · 0 neutral · 1 bearish
Moving averages (daily)
| SMA 10 | 196.1 | Bullish |
| EMA 10 | 195.8 | Bullish |
| SMA 20 | 193.0 | Bullish |
| EMA 20 | 194.0 | Bullish |
| SMA 50 | 190.4 | Bullish |
| EMA 50 | 189.0 | Bullish |
| SMA 100 | 180.0 | Bullish |
| EMA 100 | 180.8 | Bullish |
| SMA 200 | 165.4 | Bullish |
| EMA 200 | 167.9 | Bullish |
Oscillators (daily)
| RSI (14) | 57.32 | Neutral |
| MACD (12, 26) | 2.44 | Bullish |
| Momentum (12) | 2.29 | Bullish |
| Stochastic %K (14) | 57.18 | Neutral |
| Williams %R (14) | -42.82 | Neutral |
| CCI (20) | 77.60 | Neutral |
Pivot points (classic, last session)
S3 188.3 | S2 191.3 | S1 193.7 | Pivot 196.7 | R1 199.1 | R2 202.1 | R3 204.5 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.58 USD
Yield on today's price
0.81%
Frequency
Semi-annual
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 0.8100 | |
| 0.7700 | |
| 0.7700 | |
| 0.7300 | |
| 0.7300 | |
| 0.6900 | |
| 0.6900 | |
| 0.6700 | |
| 0.6700 | |
| 0.5800 | |
| 0.5800 | |
| 0.5200 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold EXPD
| ETF | Share of the fund |
|---|---|
| IYT iShares Transportation Average | 2.80% |
| NOBL ProShares S&P 500 Dividend Aristocrats | 1.53% |
| KNG FT Cboe Vest S&P 500 Dividend Aristocr... | 1.48% |
| RSPN Invesco S&P 500 Equal Weight Industria... | 1.21% |
| FEGE First Eagle Global Equity | 1.05% |
| OMFL Oppenheimer Russell 1000 Dynamic Multi... | 0.60% |
| SDY SPDR S&P Dividend | 0.48% |
| FQAL Fidelity Quality Factor | 0.40% |
The eight funds with the largest weight in EXPD among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
EXPD stock splits
EXPD has split its stock 5 times since 1993. The latest was a 2-for-1 split on 26 Jun 2006.
Full EXPD stock split history →EXPD SEC filings
8-KSEC EDGAR
Director or officer change
8-KSEC EDGAR
Regulation FD disclosure
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Regulation FD disclosure
8-KSEC EDGAR
Shareholder vote results
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Other events
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.