EXPD vs JBHT: Expeditors International of Washington and JB Hunt Transport Services 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, close to JB Hunt Transport Services's $23.3B.
- Expeditors International of Washington grew revenue faster over the last year (+32.1% vs +19.4%).
- Expeditors International of Washington keeps more of each dollar of revenue as operating profit (9.8% vs 7.5%).
- On earnings, Expeditors International of Washington is the cheaper stock (31.5x vs 38.4x).
- Expeditors International of Washington's price assumes faster free cash flow growth: about 9% a year, against 8% for JB Hunt Transport Services (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 | JBHT |
|---|---|---|
| Market cap | $25.5B | $23.3B |
| Share price | $193.24 | $229.26 |
| Revenue (last fiscal year) | $11.1B | $12.0B |
| Free cash flow (last fiscal year) | $953M | $948M |
| Revenue growth, last year | +32.1% | +19.4% |
| Revenue growth per year, last 5 fiscal years | -9.5% | -0.3% |
| Operating margin | 9.8% | 7.5% |
| Net margin | 7.6% | 5.3% |
| Return on equity | 43.4% | 18.4% |
| P/E (trailing) | 31.5x | 38.4x |
| Price / free cash flow | 26.7x | 24.6x |
| EV / EBITDA | 19.5x | 14.0x |
| FCF growth the price implies | 8.8% | 7.7% |
| Dividend yield | 0.78% | 0.71% |
| Debt / equity | 1.42x | 1.17x |
| Fundamental grade | C | C |
| Superinvestors holding it | 3 | 0 |
| Insider purchases, last 12 months | 0 | 3 |
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% |
JB Hunt Transport Services
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $12.2B | $276M | 8.6% |
| 2022 | $14.8B | $236M | 9.0% |
| 2023 | $12.8B | -$118M | 7.7% |
| 2024 | $12.1B | $618M | 6.9% |
| 2025 | $12.0B | $948M | 7.2% |
Where the revenue comes from
Expeditors International of Washington · by products, 2025
JB Hunt Transport Services · by segments, 2025
Questions
Which is bigger, Expeditors International of Washington or JB Hunt Transport Services?
Expeditors International of Washington (EXPD), at $25.5B against $23.3B.
Is EXPD or JBHT cheaper?
By trailing P/E, Expeditors International of Washington (31.5x) is cheaper than JB Hunt Transport Services (38.4x). A lower multiple can also mean the market expects less growth.
Which grows faster, EXPD or JBHT?
Expeditors International of Washington: revenue grew +32.1% over the last year, against +19.4%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.