EXPEDITORS INTERNATIONAL OF WASHINGTON INC EXPD
Expeditors International of Washington, Inc. (herein referred to as "Expeditors," the "Company," "we," "us," "our") provides a full suite of global logistics services, offering customers access to an international network of people and integrated information systems to support the movement and strategic positioning of goods. As a third-party logistics provider, we purchase cargo space from carriers (such as airlines, ocean shipping lines, and trucking lines) on a volume basis and resell that space to our customers. We do not compete for overnight courier or small parcel business and do not own aircraft or ships.
We provide a broad range of transportation services and customer solutions, such as customs brokerage, order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other customized logistics and consulting solutions. In addition, our Project Cargo unit handles special project shipments that move via a single method or combination of air, ocean, and/or ground transportation and generally require a high level of specialized attention because of the unusual size or nature of what is being shipped.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.07B | $10.60B | $9.30B | $17.07B | $16.52B | $9.58B | $7.94B | $8.14B | $6.92B | $6.10B |
| Total operating expenses | $10.02B | $9.56B | $8.36B | $15.25B | $14.61B | $8.64B | $7.18B | $7.34B | $6.22B | $5.43B |
| Operating income | $1.05B | $1.04B | $939.9M | $1.82B | $1.91B | $940.4M | $766.7M | $796.6M | $700.3M | $670.2M |
| Interest expense | — | — | $4.8M | $23.3M | $411.0K | $219.0K | — | — | — | — |
| Pre-tax income | $1.09B | $1.09B | $1.02B | $1.84B | $1.92B | $956.6M | $795.8M | $818.3M | $718.6M | $686.9M |
| Income tax | $282.0M | $283.2M | $263.2M | $475.3M | $505.8M | $258.4M | $203.8M | $198.5M | $228.2M | $254.3M |
| Net income | $810.3M | $810.1M | $752.9M | $1.36B | $1.42B | $696.1M | $590.4M | $618.2M | $489.3M | $430.8M |
| EPS, basic | 5.97 | 5.75 | 5.05 | 8.33 | 8.37 | 4.14 | 3.45 | 3.55 | 2.73 | 2.38 |
| EPS, diluted | 5.95 | 5.72 | 5.01 | 8.26 | 8.27 | 4.07 | 3.39 | 3.48 | 2.69 | 2.36 |
| Shares, diluted (wtd. avg.) | $136.2M | $141.7M | $150.2M | $164.4M | $171.2M | $170.9M | $174.2M | $177.8M | $181.7M | $182.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.31B | $1.15B | $1.51B | $2.03B | $1.73B | $1.53B | $1.23B | $923.7M | $1.05B | $974.4M |
| Receivables | $2.02B | $2.00B | $1.53B | $2.11B | $3.81B | $2.00B | $1.32B | $1.58B | $1.41B | $1.19B |
| Total current assets | $3.76B | $3.66B | $3.44B | $4.52B | $6.64B | $3.96B | $2.77B | $2.73B | $2.54B | $2.22B |
| Property, plant and equipment | $462.1M | $449.4M | $479.2M | $501.9M | $487.9M | $506.4M | $499.3M | $504.1M | $525.2M | $536.6M |
| Goodwill | $7.9M | $7.9M | $7.9M | $7.9M | $7.9M | $7.9M | $7.9M | $7.9M | $7.9M | $7.9M |
| Total assets | $4.89B | $4.75B | $4.52B | $5.59B | $7.61B | $4.93B | $3.69B | $3.31B | $3.12B | $2.79B |
| Accounts payable | $1.12B | $1.04B | $860.9M | $1.11B | $2.01B | $1.14B | $735.7M | $902.3M | $866.3M | $726.6M |
| Total current liabilities | $2.07B | $2.07B | $1.70B | $2.05B | $3.73B | $1.89B | $1.17B | $1.33B | $1.09B | $929.9M |
| Retained earnings | $2.54B | $2.46B | $2.58B | $3.31B | $3.62B | $2.60B | $2.32B | $2.09B | $2.06B | $1.94B |
| Total equity | $2.36B | $2.22B | $2.39B | $3.11B | $3.50B | $2.66B | $2.20B | $1.99B | $1.99B | $1.85B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.01B | $723.4M | $1.05B | $2.13B | $868.5M | $655.0M | $771.7M | $572.8M | $488.6M | $529.5M |
| Depreciation and amortisation | $56.8M | $61.1M | $67.8M | $57.3M | $51.3M | $57.0M | $51.0M | $54.0M | $49.3M | $46.8M |
| Stock-based compensation | $69.2M | $64.4M | $58.4M | $64.4M | $69.4M | $62.5M | $61.5M | $56.1M | $50.9M | $45.2M |
| Capital expenditure | $53.1M | $40.5M | $39.3M | $86.8M | $36.2M | $47.5M | $47.0M | $47.5M | $95.0M | $59.3M |
| Investing cash flow | -$44.7M | -$40.5M | -$39.4M | -$87.7M | -$36.6M | -$46.0M | -$46.0M | -$48.4M | -$11.7M | -$53.2M |
| Financing cash flow | -$802.5M | -$1.03B | -$1.54B | -$1.68B | -$613.5M | -$331.5M | -$417.8M | -$627.7M | -$424.6M | -$298.8M |
| Dividends paid | $207.4M | $204.1M | $202.0M | $213.8M | $195.8M | $174.9M | $170.6M | $156.8M | $150.5M | $145.1M |
| Buybacks | $667.3M | $855.1M | $1.39B | $1.58B | $514.6M | $332.4M | $389.1M | $647.9M | $478.3M | $337.7M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-071569.
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