EXPD vs GXO: Expeditors International of Washington and GXO Logistics compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Expeditors International of Washington is the larger company, worth $25.5B, about 5.2 times GXO Logistics.
- Expeditors International of Washington grew revenue faster over the last year (+32.1% vs +4.3%).
- Expeditors International of Washington keeps more of each dollar of revenue as operating profit (9.8% vs 2.4%).
- On earnings, Expeditors International of Washington is the cheaper stock (31.5x vs 37.9x).
- GXO Logistics's price assumes faster free cash flow growth: about 15% a year, against 9% for Expeditors International of Washington (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | EXPD | GXO |
|---|---|---|
| Market cap | $25.5B | $4.9B |
| Share price | $193.24 | $46.56 |
| Revenue (last fiscal year) | $11.1B | $13.2B |
| Free cash flow (last fiscal year) | $953M | $110M |
| Revenue growth, last year | +32.1% | +4.3% |
| Revenue growth per year, last 5 fiscal years | -9.5% | +13.5% |
| Operating margin | 9.8% | 2.4% |
| Net margin | 7.6% | 0.96% |
| Return on equity | 43.4% | 4.4% |
| P/E (trailing) | 31.5x | 37.9x |
| Price / free cash flow | 26.7x | 44404.7x |
| EV / EBITDA | 19.5x | 12.2x |
| FCF growth the price implies | 8.8% | 15.4% |
| Dividend yield | 0.78% | — |
| Debt / equity | 1.42x | 3.13x |
| Fundamental grade | C | D |
| Superinvestors holding it | 3 | 7 |
| Insider purchases, last 12 months | 0 | 1 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Expeditors International of Washington
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $16.5B | $832M | 11.6% |
| 2022 | $17.1B | $2.0B | 10.7% |
| 2023 | $9.3B | $1.0B | 10.1% |
| 2024 | $10.6B | $683M | 9.8% |
| 2025 | $11.1B | $953M | 9.5% |
GXO Logistics
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $7.9B | $205M | 1.9% |
| 2022 | $9.0B | $200M | 2.7% |
| 2023 | $9.8B | $284M | 3.3% |
| 2024 | $11.7B | $190M | 1.9% |
| 2025 | $13.2B | $110M | 1.9% |
Where the revenue comes from
Expeditors International of Washington · by products, 2025
GXO Logistics · by products, 2025
Questions
Which is bigger, Expeditors International of Washington or GXO Logistics?
Expeditors International of Washington (EXPD), at $25.5B against $4.9B.
Is EXPD or GXO cheaper?
By trailing P/E, Expeditors International of Washington (31.5x) is cheaper than GXO Logistics (37.9x). A lower multiple can also mean the market expects less growth.
Which grows faster, EXPD or GXO?
Expeditors International of Washington: revenue grew +32.1% over the last year, against +4.3%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.