Is the business good?
How good a business is EXPD?
Expeditors International earns 86% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
86%
Return on invested capital · cost of capital 9.0% · 77 points above what the capital costs: growth creates value
- Operating margin
- 9.8%
Operating margin · Integrated Freight & Logistics median 6.1% · 12 months to Q2 2026
- Cash conversion
- 1.01×
Cash conversion · 0.95× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- −3.9%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 9.8% |
| FY2021 | 12% |
| FY2022 | 11% |
| FY2023 | 10% |
| FY2024 | 9.8% |
| FY2025 | 9.5% |
Details›
- Gross margin12 months to Q2 2026
- 33%
- Operating margin12 months to Q2 2026
- 9.8%
- Net margin12 months to Q2 2026
- 7.6%
- Free cash flow margin
- 7.7%
- Revenue, trailing twelve months
- $12.0B
- Free cash flow, trailing twelve months
- $924M
- Net income, trailing twelve months
- $919M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 86%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Integrated Freight & Logistics
Ranks #4 of 10 by Smart Score