Expeditors International of Washington, Inc. (EXPD) Key Metrics
EXPD valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $25.47B
- Enterprise value
- $23.98B
- P/E (TTM)
- 28.5 10-yr median 22.7
- Forward P/E
- 24.4
- PEG ratio
- 2.98
- Price / sales
- 2.1 10-yr median 1.6
- Price / book
- 11.5 10-yr median 6.2
- EV / EBITDA
- 19.5 10-yr median 13.7
- Dividend yield
- 0.83% $1.62 a year
- Beta
- 1.06
EXPD key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsEXPD valuation Price multiples at each fiscal year-end price.
EXPD returns How much profit the business earns on the capital it uses.
EXPD per-share figures Results divided by the shares outstanding at year-end.
EXPD financial health Debt, liquidity and how easily interest is covered.
EXPD efficiency & capital use Working capital cycle and where the cash goes.
EXPD valuation history
EXPD returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
EXPD debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
EXPD cash returned to shareholders
EXPD price vs earnings per share
EXPD key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $20.30B | $15.70B | $19.10B | $17.09B | $23.00B | $16.25B | $13.59B | $12.11B | $11.75B | $9.68B |
| Enterprise value | $19.56B | $15.12B | $18.12B | $15.57B | $21.74B | $15.16B | $12.75B | $11.20B | $10.70B | $8.70B |
| P/E ratio | 24.9 | 19.4 | 25.4 | 12.6 | 16.2 | 23.3 | 23.0 | 19.6 | 24.0 | 22.5 |
| Price / sales | 1.8 | 1.5 | 2.1 | 1.0 | 1.4 | 1.7 | 1.7 | 1.5 | 1.7 | 1.6 |
| Price / book | 8.6 | 7.1 | 8.0 | 5.5 | 6.6 | 6.1 | 6.2 | 6.1 | 5.9 | 5.2 |
| Price / free cash flow | 21.3 | 23.0 | 18.8 | 8.4 | 27.6 | 26.8 | 18.7 | 23.0 | 29.9 | 20.6 |
| Price / operating cash flow | 20.2 | 21.7 | 18.1 | 8.0 | 26.5 | 24.8 | 17.6 | 21.1 | 24.1 | 18.3 |
| EV / sales | 1.8 | 1.4 | 1.9 | 0.9 | 1.3 | 1.6 | 1.6 | 1.4 | 1.5 | 1.4 |
| EV / EBITDA | 17.0 | 13.1 | 16.7 | 8.1 | 11.0 | 15.0 | 15.6 | 13.2 | 14.3 | 12.1 |
| EV / free cash flow | 20.5 | 22.1 | 17.9 | 7.6 | 26.1 | 25.0 | 17.6 | 21.3 | 27.2 | 18.5 |
| Earnings yield | 4.0% | 5.2% | 3.9% | 7.9% | 6.2% | 4.3% | 4.3% | 5.1% | 4.2% | 4.5% |
| Free cash flow yield | 4.7% | 4.4% | 5.3% | 12.0% | 3.6% | 3.7% | 5.3% | 4.3% | 3.3% | 4.9% |
| Dividend yield | 1.0% | 1.3% | 1.1% | 1.3% | 0.9% | 1.1% | 1.3% | 1.3% | 1.3% | 1.5% |
| Shareholder yield (dividends + buybacks) | 4.3% | 6.7% | 8.3% | 10.5% | 3.1% | 3.1% | 4.1% | 6.6% | 5.4% | 5.0% |
| Share price at fiscal year-end | $149.01 | $110.77 | $127.20 | $103.92 | $134.29 | $95.11 | $78.02 | $68.09 | $64.69 | $52.96 |
| Per share | ||||||||||
| Revenue per share | $81.24 | $74.80 | $61.92 | $103.82 | $96.49 | $56.08 | $45.59 | $45.76 | $38.10 | $33.38 |
| Earnings per share | $5.97 | $5.72 | $5.01 | $8.26 | $8.27 | $4.07 | $3.39 | $3.48 | $2.69 | $2.36 |
| Operating cash flow per share | $7.39 | $5.10 | $7.01 | $12.95 | $5.07 | $3.83 | $4.43 | $3.22 | $2.69 | $2.90 |
| Free cash flow per share | $7.00 | $4.82 | $6.75 | $12.42 | $4.86 | $3.55 | $4.16 | $2.95 | $2.17 | $2.57 |
| Cash per share | $9.65 | $8.10 | $10.07 | $12.37 | $10.09 | $8.94 | $7.06 | $5.19 | $5.79 | $5.33 |
| Book value per share | $17.29 | $15.69 | $15.92 | $18.91 | $20.41 | $15.56 | $12.60 | $11.17 | $10.96 | $10.10 |
| Tangible book value per share | $17.23 | $15.63 | $15.86 | $18.87 | $20.36 | $15.52 | $12.55 | $11.13 | $10.88 | $10.01 |
| Dividends per share | $1.52 | $1.44 | $1.35 | $1.30 | $1.14 | $1.02 | $0.98 | $0.88 | $0.83 | $0.79 |
| Capex per share | $0.39 | $0.29 | $0.26 | $0.53 | $0.21 | $0.28 | $0.27 | $0.27 | $0.52 | $0.32 |
| Debt per share | $4.19 | $4.01 | $3.51 | $3.15 | $2.73 | $2.56 | $2.25 | $0.10 | $0.00 | $0.00 |
| Shares outstanding | 136.2M | 141.7M | 150.2M | 164.4M | 171.2M | 170.9M | 174.2M | 177.8M | 181.7M | 182.7M |
| Change in shares outstanding | −3.9% | −5.6% | −8.7% | −4.0% | +0.2% | −1.9% | −2.0% | −2.1% | −0.6% | −4.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 35.5% | 35.1% | 27.4% | 41.1% | 46.0% | 28.7% | 28.2% | 31.1% | 25.5% | 24.4% |
| Return on invested capital (ROIC) | 48.0% | 50.6% | 46.4% | 70.6% | 74.0% | 46.9% | 46.8% | 59.7% | 52.8% | 48.1% |
| Return on assets (ROA) | 16.9% | 17.5% | 14.9% | 20.6% | 22.6% | 16.2% | 16.9% | 19.2% | 16.6% | 16.1% |
| Return on tangible assets | 16.7% | 17.1% | 16.7% | 24.3% | 18.6% | 14.2% | 16.0% | 18.7% | 15.8% | 15.5% |
| Free cash flow margin | 8.6% | 6.4% | 10.9% | 12.0% | 5.0% | 6.3% | 9.1% | 6.5% | 5.7% | 7.7% |
| Income quality (OCF / net income) | 1.24 | 0.89 | 1.40 | 1.57 | 0.61 | 0.94 | 1.31 | 0.93 | 1.00 | 1.23 |
| Financial health | ||||||||||
| Total debt | $570.6M | $568.9M | $527.7M | $518.5M | $467.7M | $438.2M | $391.7M | $18.4M | $0 | $0 |
| Cash & short-term investments | $1.31B | $1.15B | $1.51B | $2.03B | $1.73B | $1.53B | $1.23B | $923.7M | $1.05B | $974.4M |
| Net debt | −$743.7M | −$579.4M | −$985.1M | −$1.52B | −$1.26B | −$1.09B | −$838.8M | −$905.3M | −$1.05B | −$974.4M |
| Debt / equity | 0.24 | 0.26 | 0.22 | 0.17 | 0.13 | 0.16 | 0.18 | 0.01 | 0.00 | 0.00 |
| Debt / assets | 0.12 | 0.12 | 0.12 | 0.09 | 0.06 | 0.09 | 0.11 | 0.01 | 0.00 | 0.00 |
| Net debt / EBITDA | −0.65 | −0.50 | −0.91 | −0.79 | −0.64 | −1.07 | −1.03 | −1.06 | −1.40 | −1.36 |
| Current ratio | 1.81 | 1.77 | 2.02 | 2.20 | 1.78 | 2.09 | 2.37 | 2.06 | 2.32 | 2.39 |
| Quick ratio | 1.81 | 1.77 | 2.02 | 2.07 | 1.52 | 1.92 | 2.26 | 2.06 | 2.32 | 2.39 |
| Interest coverage | — | — | 195.8 | 78.4 | — | — | 27.9 | 41.6 | 53.0 | 57.9 |
| Working capital | $1.68B | $1.59B | $1.73B | $2.46B | $2.91B | $2.07B | $1.60B | $1.41B | $1.45B | $1.29B |
| Invested capital | $1.61B | $1.64B | $1.41B | $1.59B | $2.23B | $1.57B | $1.36B | $1.08B | $940.8M | $870.2M |
| Tangible asset value | $2.35B | $2.22B | $2.38B | $3.11B | $3.49B | $2.66B | $2.19B | $1.98B | $1.98B | $1.83B |
| Net current asset value | $1.22B | $1.13B | $1.30B | $2.04B | $2.52B | $1.70B | $1.28B | $1.41B | $1.42B | $1.27B |
| Graham number | $48.20 | $44.91 | $42.37 | $59.27 | $61.60 | $37.77 | $31.00 | $29.56 | $25.78 | $23.14 |
| Graham net-net per share | $2.19 | $0.83 | $3.53 | $7.70 | $5.65 | $5.42 | $4.52 | $4.40 | $5.45 | $5.05 |
| Capital allocation | ||||||||||
| Dividends paid | $207.4M | $204.1M | $202.0M | $213.8M | $195.8M | $174.9M | $170.6M | $156.8M | $150.5M | $145.1M |
| Share buybacks (net) | $667.3M | $855.1M | $1.39B | $1.58B | $514.6M | $332.4M | $389.1M | $647.9M | $478.3M | $337.7M |
| Dividend payout ratio | 25.5% | 25.2% | 26.8% | 15.8% | 13.8% | 25.1% | 28.9% | 25.4% | 30.8% | 33.7% |
| Dividends + buybacks / free cash flow | 91.7% | 155.1% | 157.3% | 87.9% | 85.4% | 83.5% | 77.2% | 153.2% | 159.7% | 102.8% |
| Capex / revenue | 0.5% | 0.4% | 0.4% | 0.5% | 0.2% | 0.5% | 0.6% | 0.6% | 1.4% | 1.0% |
| Capex / operating cash flow | 5.3% | 5.6% | 3.7% | 4.1% | 4.2% | 7.3% | 6.1% | 8.3% | 19.4% | 11.2% |
| Capex / depreciation | 0.94 | 0.66 | 0.58 | 1.51 | 0.71 | 0.83 | 0.92 | 0.88 | 1.93 | 1.27 |
| Stock-based compensation / revenue | 0.6% | 0.6% | 0.6% | 0.4% | 0.4% | 0.7% | 0.8% | 0.7% | 0.7% | 0.7% |
| SG&A / revenue | 0.7% | 0.6% | 5.5% | 0.3% | 0.2% | 20.1% | 22.9% | 1.1% | 1.3% | 1.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 66.3 | 60.8 | 71.4 | 63.3 | 64.2 | 63.1 | 66.6 | 67.2 | 68.7 | 68.9 |
| Days of inventory on hand | — | — | — | 15.2 | 16.7 | 10.0 | 3.5 | 0.0 | 0.0 | — |
| Days payables outstanding | 42.1 | 37.4 | 44.6 | 38.2 | 40.0 | 40.6 | 43.0 | 45.3 | 48.1 | 47.7 |
| Cash conversion cycle (days) | 24.2 | 23.3 | 26.8 | 40.3 | 40.8 | 32.5 | 27.0 | 21.8 | 20.5 | 21.2 |
| Receivables turnover | 5.51 | 6.01 | 5.11 | 5.77 | 5.69 | 5.79 | 5.48 | 5.43 | 5.31 | 5.30 |
| Payables turnover | 8.68 | 9.75 | 8.18 | 9.55 | 9.12 | 8.99 | 8.48 | 8.05 | 7.58 | 7.65 |
| Inventory turnover | — | — | — | 23.94 | 21.84 | 36.68 | 105.41 | 7,118,083,000.00 | 12,075,842,000.00 | — |
| Asset turnover | 2.29 | 2.29 | 1.84 | 2.59 | 2.64 | 2.22 | 2.27 | 2.53 | 2.34 | 2.28 |
| Average receivables | $2.01B | $1.77B | $1.82B | $2.96B | $2.90B | $1.66B | $1.45B | $1.50B | $1.30B | $1.15B |
| Average payables | $1.08B | $948.8M | $984.9M | $1.56B | $1.57B | $936.3M | $819.0M | $884.3M | $796.4M | $685.9M |
| Average inventory | — | — | — | $622.4M | $657.4M | $229.6M | $65.9M | $1 | $0 | $0 |
| Intangibles / total assets | 0.2% | 0.2% | 0.2% | 0.1% | 0.1% | 0.2% | 0.2% | 0.2% | 0.5% | 0.6% |
Computed from EXPD's annual financial statements (latest annual report filed February 25, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
EXPD valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Expeditors traded at 24.9 times earnings, against a 10-year median of 22.7. Based on the latest twelve months, the trailing P/E is 28.5 and the forward P/E is 24.4. Expeditors earned a return on equity of 35.5% and a return on invested capital of 48.0% in fiscal 2025. It ended the year with $570.6 million of debt and $1.3 billion in cash and short-term investments, a net cash position of $743.7 million. It returned $874.7 million to shareholders: $207.4 million in dividends and $667.3 million in share buybacks, 92% of free cash flow. The share count fell 25.4% from 182.7M to 136.2M over 9 years.
See the EXPD income statement, the EXPD chart for price history, or the EXPD stock overview for the latest quote and news.
EXPD key metrics FAQ
What is Expeditors's P/E ratio?
Expeditors's trailing P/E ratio is 28.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 24.4. At the end of fiscal 2025 it was 24.9, compared with a 10-year median of 22.7.
What is Expeditors's EV/EBITDA?
Expeditors's enterprise value was 17.0 times EBITDA at the end of fiscal 2025 (enterprise value $19.6 billion, EBITDA $1.2 billion); the current EV/EBITDA is 19.5.
What is Expeditors's return on equity?
Expeditors's return on equity (ROE) was 35.5% in fiscal 2025: net income of $813.8 million on average shareholders' equity of $2.3 billion.
What is Expeditors's ROIC?
Expeditors's return on invested capital was 48.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Expeditors have?
Expeditors had total debt of $570.6 million at the end of fiscal 2025, a debt-to-equity ratio of 0.24 and more cash than debt.
What is Expeditors's dividend yield?
Expeditors's forward dividend yield is 0.83%. Expeditors paid $207.4 million in dividends in fiscal 2025 ($1.52 per share), a payout ratio of 25.5%.
Does Expeditors buy back its shares?
Yes. Expeditors spent $667.3 million on net share repurchases in fiscal 2025 Shares outstanding changed −3.9% over the year, to 136.2M..
What is Expeditors's free cash flow yield?
Expeditors generated $953.4 million of free cash flow in fiscal 2025, a free cash flow yield of 4.7% on its market value at year-end ($20.3 billion).
What is Expeditors's current ratio?
Expeditors's current ratio was 1.81 at the end of fiscal 2025: current assets were 1.81 times current liabilities.