Sales up 4.4%, free cash flow up to $953.4M
The latest figures
All key numbers (39) From EDGAR
| EPS (ttm) | 7.87 | Sales (ttm) | 13.2B | Net income (ttm) | 1.0B | Sales growth | +4.4% | EPS growth | +4.0% | Sales Q/Q | +41.9% |
| Free cash flow | 927.9M | Gross margin | - | Oper. margin | 10.1% | Net margin | 7.9% | FCF margin | 7.0% | ROE | 44.5% |
| ROA | 18.0% | R&D / sales | - | Dividend | 1.54 | Debt/Eq | - | Curr. ratio | 1.56 | Cash | 1.1B |
| Op. cash flow (ttm) | 983.7M | EBITDA | 1.1B | EBITDA margin | 10.0% | Quick ratio | 1.56 | ROIC | 33.4% | Payout ratio | 25.9% |
| Tax rate | 25.8% | Stock pay / sales | 0.6% | Shares out. | 129.1M | Shares Y/Y | -3.9% | Book / share | 18.14 | Cash / share | 8.46 |
| Sales / share | 102.62 | Asset turnover | 2.29 | Days sales out. | 67 | Sales 3Y CAGR | -13.4% | Sales 5Y CAGR | +2.9% | EPS 3Y CAGR | -10.4% |
| EPS 5Y CAGR | +7.9% | Employees | 20,000 | Sales / employee | 662K |
Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.
Changes in the numbers
FY2025 against FY2024-
Free cash flow rose 40%$682.9M → $953.4M · Cash from operations − capital expenditure · 10-K ↗
-
Revenue growth slowed to +4.4%+14.0% → +4.4% · Revenue FY2025 / revenue FY2024 − 1, against the same a year earlier · 10-K ↗
EXPD against Industrials peers
Ten years, side by side → · All 83 →Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How
Every dot is one of the 83 companies, the better end on the right. Hover a dot for the company.
| Company | Revenue (ttm) | Sales growth | Gross margin | Net margin | ROE | FCF margin | Debt / equity |
|---|---|---|---|---|---|---|---|
| EXPD Expeditors International | $13.2B | +4.4% | - | 7.9% | 44.5% | 7.0% | - |
| HII Huntington Ingalls Industries | $13.5B | +8.2% | - | 5.4% | 13.3% | 2.4% | 0.49 |
| JBHT J.B. Hunt | $13.3B | -0.7% | - | 5.1% | 18.6% | 7.3% | 0.31 |
| VRT Vertiv | $13.1B | +27.7% | 38.1% | 16.0% | 38.1% | 24.0% | 0.53 |
| NSC Norfolk Southern | $13.0B | +0.5% | - | 20.7% | 16.0% | 12.7% | 0.99 |
| FIX Comfort Systems USA | $12.5B | +29.5% | 25.6% | 13.0% | 48.9% | 19.5% | 0.01 |
Profitability
2 of 3- !Net margin below the peer median7.9% vs 13.0%
- ✓Return on equity above 15%44.5%
- ✓A profit in every one of 10 years
Cash and shareholders
4 of 4- ✓Free cash flow positive in every one of 10 years$953.4M last year
- ✓Share count down over 5 years−20.3%
- ✓Dividend per share up over 5 years$1.04 → $1.54
- ✓Cash from operations above net income$1.0B vs $810.3M
Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.
Revenue and net income, FY2016 to FY2025
Revenue 11.1B Net income 810.3MFrom XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →
Where the $11.1B of revenue came from
by product, year to Dec 31, 2025- Customs brokerage and other services $4.3B · 39%
- Airfreight services $4.0B · 36%
- Ocean freight and ocean services $2.8B · 25%
From the segment tables in the 10-K XBRL. Revenue by segment, product and region →
Income statement, balance sheet and cash flow
EXPD's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.
Revenue by product or service
year to Dec 31, 2025| Revenue | Share | vs year before | |
|---|---|---|---|
| Customs brokerage and other services | 4.3B | 38.6% | +12.9% |
| Airfreight services | 4.0B | 36.0% | +8.5% |
| Ocean freight and ocean services | 2.8B | 25.4% | -10.6% |
10-K 0001193125-26-071569, segment and revenue notes (XBRL).
Revenue by region
year to Dec 31, 2025| Revenue | Share | vs year before | |
|---|---|---|---|
| United States | 3.6B | 32.4% | +10.2% |
| North Asia | 2.7B | 24.7% | -6.7% |
| Europe | 1.8B | 16.5% | +7.5% |
| South Asia | 1.6B | 14.0% | +11.8% |
| EMEA | 638.8M | 5.8% | -6.5% |
| Other North America | 470.6M | 4.3% | +9.6% |
| Latin America | 262.4M | 2.4% | +22.1% |
10-K 0001193125-26-071569, segment and revenue notes (XBRL).
Income statement
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6.1B | 6.9B | 8.1B | 7.9B | 9.6B | 16.5B | 17.1B | 9.3B | 10.6B | 11.1B |
| Operating income | 670.2M | 700.3M | 796.6M | 766.7M | 940.4M | 1.9B | 1.8B | 939.9M | 1.0B | 1.1B |
| Interest expense | - | - | - | - | 219K | 411K | 23.3M | 4.8M | - | - |
| Pretax income | 686.9M | 718.6M | 818.3M | 795.8M | 956.6M | 1.9B | 1.8B | 1.0B | 1.1B | 1.1B |
| Income tax | 254.3M | 228.2M | 198.5M | 203.8M | 258.4M | 505.8M | 475.3M | 263.2M | 283.2M | 282.0M |
| Net income | 430.8M | 489.3M | 618.2M | 590.4M | 696.1M | 1.4B | 1.4B | 752.9M | 810.1M | 810.3M |
| EPS (diluted) | 2.36 | 2.69 | 3.48 | 3.39 | 4.07 | 8.27 | 8.26 | 5.01 | 5.72 | 5.95 |
| Diluted shares | 182.7M | 181.7M | 177.8M | 174.2M | 170.9M | 171.2M | 164.4M | 150.2M | 141.7M | 136.2M |
| Depreciation & amortization | 46.8M | 49.3M | 54.0M | 51.0M | 57.0M | 51.3M | 57.3M | 67.8M | 61.1M | 56.8M |
| EBITDA | 717.0M | 749.6M | 850.6M | 817.6M | 997.4M | 2.0B | 1.9B | 1.0B | 1.1B | 1.1B |
| Operating margin | 11.0% | 10.1% | 9.8% | 9.7% | 9.8% | 11.6% | 10.7% | 10.1% | 9.8% | 9.5% |
| Net margin | 7.1% | 7.1% | 7.6% | 7.4% | 7.3% | 8.6% | 8.0% | 8.1% | 7.6% | 7.3% |
| Revenue growth | - | +13.5% | +17.6% | -2.4% | +20.7% | +72.4% | +3.3% | -45.5% | +14.0% | +4.4% |
| EPS growth | - | +14.0% | +29.4% | -2.6% | +20.1% | +103% | -0.1% | -39.3% | +14.2% | +4.0% |
Balance sheet
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash | 974.4M | 1.1B | 923.7M | 1.2B | 1.5B | 1.7B | 2.0B | 1.5B | 1.1B | 1.3B |
| Receivables | 1.2B | 1.4B | 1.6B | 1.3B | 2.0B | 3.8B | 2.1B | 1.5B | 2.0B | 2.0B |
| Current assets | 2.2B | 2.5B | 2.7B | 2.8B | 4.0B | 6.6B | 4.5B | 3.4B | 3.7B | 3.8B |
| Property & equipment | 536.6M | 525.2M | 504.1M | 499.3M | 506.4M | 487.9M | 501.9M | 479.2M | 449.4M | 462.1M |
| Goodwill | 7.9M | 7.9M | 7.9M | 7.9M | 7.9M | 7.9M | 7.9M | 7.9M | 7.9M | 7.9M |
| Total assets | 2.8B | 3.1B | 3.3B | 3.7B | 4.9B | 7.6B | 5.6B | 4.5B | 4.8B | 4.9B |
| Accounts payable | 726.6M | 866.3M | 902.3M | 735.7M | 1.1B | 2.0B | 1.1B | 860.9M | 1.0B | 1.1B |
| Current liabilities | 929.9M | 1.1B | 1.3B | 1.2B | 1.9B | 3.7B | 2.1B | 1.7B | 2.1B | 2.1B |
| Shareholders' equity | 1.8B | 2.0B | 2.0B | 2.2B | 2.7B | 3.5B | 3.1B | 2.4B | 2.2B | 2.4B |
| Retained earnings | 1.9B | 2.1B | 2.1B | 2.3B | 2.6B | 3.6B | 3.3B | 2.6B | 2.5B | 2.5B |
Cash flow
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 529.5M | 488.6M | 572.8M | 771.7M | 655.0M | 868.5M | 2.1B | 1.1B | 723.4M | 1.0B |
| Capital spending | 59.3M | 95.0M | 47.5M | 47.0M | 47.5M | 36.2M | 86.8M | 39.3M | 40.5M | 53.1M |
| Free cash flow | 470.2M | 393.6M | 525.3M | 724.7M | 607.4M | 832.2M | 2.0B | 1.0B | 682.9M | 953.4M |
| Stock-based pay (added back) | 45.2M | 50.9M | 56.1M | 61.5M | 62.5M | 69.4M | 64.4M | 58.4M | 64.4M | 69.2M |
| Dividends paid | 145.1M | 150.5M | 156.8M | 170.6M | 174.9M | 195.8M | 213.8M | 202.0M | 204.1M | 207.4M |
| Buybacks | 337.7M | 478.3M | 647.9M | 389.1M | 332.4M | 514.6M | 1.6B | 1.4B | 855.1M | 667.3M |
| Investing cash flow | -53.2M | -11.7M | -48.4M | -46.0M | -46.0M | -36.6M | -87.7M | -39.4M | -40.5M | -44.7M |
| Financing cash flow | -298.8M | -424.6M | -627.7M | -417.8M | -331.5M | -613.5M | -1.7B | -1.5B | -1.0B | -802.5M |
| Dividend per share | 0.80 | 0.84 | 0.90 | 1.00 | 1.04 | 1.16 | 1.34 | 1.38 | 1.46 | 1.54 |
Stock-based pay and leases
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based pay (expense) | 45.2M | 50.9M | 56.1M | 61.5M | 62.5M | 69.4M | 64.4M | 58.4M | 64.4M | 69.2M |
| Stock-based pay / revenue | 0.7% | 0.7% | 0.7% | 0.8% | 0.7% | 0.4% | 0.4% | 0.6% | 0.6% | 0.6% |
| Operating lease cost | - | - | - | 81.9M | 91.4M | 98.2M | 107.9M | 123.4M | 132.0M | 145.8M |
| Operating lease cash paid | - | - | - | 79.0M | 90.1M | 95.8M | 106.8M | 120.8M | 128.5M | 141.8M |
| Right-of-use assets | - | - | 0 | 390.0M | 432.7M | 459.2M | 507.5M | 516.3M | 551.7M | 550.2M |
| Operating lease liabilities | - | - | 0 | 391.7M | 438.2M | 467.7M | 518.5M | 527.7M | 568.9M | 570.6M |
From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.