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Expeditors International of Was (EXPD) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NYSE•Industrials•Integrated Freight & Logistics
C
AverageMetricSide Score: 54/100
ProfitabilityProfit20/30
GrowthGrowth9/25
Balance SheetBalance9/25
Cash QualityCash16/20
Price & Volume
Market Cap $22.38B

Expeditors International of Washington, Inc., together with its subsidiaries, provides logistics services in the Americas, North Asia, South Asia, Europe, and Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage and other services, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other logistics solutions. It also provides optimization, trade compliance consulting, cargo insurance, cargo security, and solutions. In addition, it acts as a freight consolidator or as an agent for the airline that carries the shipment. Further, the company provides ancillary services that include preparation of shipping and customs documentation, packing, crating, insurance services, and the preparation of documentation to comply with local export and import laws. The company was incorporated in 1979 and is headquartered in Bellevue, Washington.

Moat Signals

Competitive analysis based on 68 quarters of fundamental data

Pricing Power

Moderate Moat

Operating margins are positive at ~9.8% on average, but show some variability — pricing power may be sensitive to market conditions.

Competitive Advantage

Strong Moat

Consistently high ROE averaging 35.3% suggests a durable competitive advantage and efficient capital allocation.

Cash Generation

Strong Moat

Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.

Demand Durability

Moderate Moat

Revenue shows resilience with 5 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.

Risk Signals

Data-driven red flags and warnings across 68 quarters

Low Risk

Margin Pressure

Healthy

Margins are stable or improving at ~9.7% — no sign of cost or pricing stress.

Earnings Quality

Healthy

FCF covers net income by 1.0x on average — earnings are well-supported by cash generation.

Leverage Risk

Healthy

Limited debt-to-equity data available.

Revenue Decline

Healthy

Revenue is stable or growing over recent quarters — demand appears durable.

Cash Burn

Healthy

Free cash flow is consistently positive — the business self-funds without external capital reliance.

Share Dilution

Healthy

Shares decreased 5.3% — net buybacks are reducing shares outstanding and boosting per-share value.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$11.19B
1.1%
Q. Revenue
$2.78B
TTM EBITDA
$1.14B
1.3%
TTM Op. Income
$1.08B
1.0%
Q. Op. Income
$294.83M
TTM Net Income
$836.15M
1.0%
Q. Net Income
$229.61M
EPS
$1.72
Shares Out.
$133.54M
3.1%
$11.19B in TTM revenue grew 1.1% YoY, reaching $2.78B last quarter. TTM EBITDA of $1.14B and TTM operating income of $1.08B shows growth is flowing through. Net income of $836.15M TTM confirms the company is converting revenue into profit. Revenue is growing modestly — monitor for acceleration or deceleration.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
34.9%
4.6%
EBITDA Margin
11.1%
Op. Margin
10.6%
6.3%
Net Margin
8.3%
7.9%
Op. margin of 10.6% is up 0.6% YoY — cost efficiency is improving. Net margin at 8.3% and gross margin of 34.9% — earnings take a bigger bite when COGS stays lean..

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
26.8x
P/S Ratio
2.0x
P/B Ratio
9.8x
At 26.8x P/E, the stock trades in line with market averages — fairly valued. P/S of 2.0x and P/B of 9.8x provide additional context. Assess whether the current multiple is justified by the company's growth and profitability trajectory.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$4.78B
Cash
$1.32B
Long-Term Debt
N/A
Book Value
$2.28B
D/E Ratio
N/A
Debt/EBITDA
0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$309.23M
Free Cash Flow
$296.62M
10.0%
FCF Margin
2.7%
FCF / Net Income
1.3
FCF of $296.62M on $309.23M in operating cash flow. The FCF / Net Income ratio of 0.4x indicates partial cash conversion — earnings quality needs attention.

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