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EXPD vs FWRD

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
EXPD
Expeditors International of Washington, Inc.

Integrated Freight & Logistics

IndustrialsNYSE • US
Market Cap$20.11B
5Y Perf.+98.0%
FWRD
Forward Air Corporation

Integrated Freight & Logistics

IndustrialsNASDAQ • US
Market Cap$573M
5Y Perf.-63.0%

EXPD vs FWRD — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
EXPD logoEXPD
FWRD logoFWRD
IndustryIntegrated Freight & LogisticsIntegrated Freight & Logistics
Market Cap$20.11B$573M
Revenue (TTM)$11.19B$2.50B
Net Income (TTM)$837M$-108M
Gross Margin20.2%20.5%
Operating Margin9.7%1.5%
Forward P/E25.0x
Total Debt$571M$2.16B
Cash & Equiv.$1.31B$106M

EXPD vs FWRDLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

EXPD
FWRD
StockMay 20May 26Return
Expeditors Internat… (EXPD)100198.0+98.0%
Forward Air Corpora… (FWRD)10037.0-63.0%

Price return only. Dividends and distributions are not included.

Quick Verdict: EXPD vs FWRD

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: EXPD leads in 7 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. As sector peers, any of these can serve as alternatives in the same allocation.
EXPD
Expeditors International of Washington, Inc.
The Income Pick

EXPD carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.

  • Dividend streak 31 yrs, beta 0.75, yield 1.0%
  • Rev growth 4.4%, EPS growth 4.0%, 3Y rev CAGR -13.4%
  • 236.2% 10Y total return vs FWRD's -44.3%
Best for: income & stability and growth exposure
FWRD
Forward Air Corporation
The Specific-Use Pick

In this particular matchup, FWRD is outpaced on most metrics by others in the set.

Best for: industrials exposure
See the full category breakdown
CategoryWinnerWhy
GrowthEXPD logoEXPD4.4% revenue growth vs FWRD's 0.8%
ValueEXPD logoEXPDBetter valuation composite
Quality / MarginsEXPD logoEXPD7.5% margin vs FWRD's -4.3%
Stability / SafetyEXPD logoEXPDBeta 0.75 vs FWRD's 2.28, lower leverage
DividendsEXPD logoEXPD1.0% yield; 31-year raise streak; the other pay no meaningful dividend
Momentum (1Y)EXPD logoEXPD+43.9% vs FWRD's +9.6%
Efficiency (ROA)EXPD logoEXPD17.4% ROA vs FWRD's -4.0%, ROIC 48.4% vs 1.2%

EXPD vs FWRD — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

EXPDExpeditors International of Washington, Inc.
FY 2025
Customs Brokerage And Other Services
38.6%$4.3B
Airfreight Services
36.0%$4.0B
Ocean Freight And Ocean Services
25.4%$2.8B
FWRDForward Air Corporation
FY 2024
Expedited Freight Segment
82.7%$1.1B
Intermodal Segment
17.3%$233M

EXPD vs FWRD — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLEXPDLAGGINGFWRD

Income & Cash Flow (Last 12 Months)

EXPD leads this category, winning 4 of 6 comparable metrics.

EXPD is the larger business by revenue, generating $11.2B annually — 4.5x FWRD's $2.5B. EXPD is the more profitable business, keeping 7.5% of every revenue dollar as net income compared to FWRD's -4.3%. On growth, EXPD holds the edge at +4.4% YoY revenue growth, suggesting stronger near-term business momentum.

MetricEXPD logoEXPDExpeditors Intern…FWRD logoFWRDForward Air Corpo…
RevenueTrailing 12 months$11.2B$2.5B
EBITDAEarnings before interest/tax$1.1B$189M
Net IncomeAfter-tax profit$837M-$108M
Free Cash FlowCash after capex$921M$15M
Gross MarginGross profit ÷ Revenue+20.2%+20.5%
Operating MarginEBIT ÷ Revenue+9.7%+1.5%
Net MarginNet income ÷ Revenue+7.5%-4.3%
FCF MarginFCF ÷ Revenue+8.2%+0.6%
Rev. Growth (YoY)Latest quarter vs prior year+4.4%-0.3%
EPS Growth (YoY)Latest quarter vs prior year+16.3%+26.6%
EXPD leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

FWRD leads this category, winning 4 of 5 comparable metrics.

On an enterprise value basis, FWRD's 13.9x EV/EBITDA is more attractive than EXPD's 17.5x.

MetricEXPD logoEXPDExpeditors Intern…FWRD logoFWRDForward Air Corpo…
Market CapShares × price$20.1B$573M
Enterprise ValueMkt cap + debt − cash$19.4B$2.6B
Trailing P/EPrice ÷ TTM EPS25.42x-5.28x
Forward P/EPrice ÷ next-FY EPS est.24.99x
PEG RatioP/E ÷ EPS growth rate3.22x
EV / EBITDAEnterprise value multiple17.46x13.89x
Price / SalesMarket cap ÷ Revenue1.82x0.23x
Price / BookPrice ÷ Book value/share8.74x3.52x
Price / FCFMarket cap ÷ FCF21.10x37.52x
FWRD leads this category, winning 4 of 5 comparable metrics.

Profitability & Efficiency

EXPD leads this category, winning 8 of 8 comparable metrics.

EXPD delivers a 36.7% return on equity — every $100 of shareholder capital generates $37 in annual profit, vs $-67 for FWRD. EXPD carries lower financial leverage with a 0.24x debt-to-equity ratio, signaling a more conservative balance sheet compared to FWRD's 13.36x. On the Piotroski fundamental quality scale (0–9), EXPD scores 8/9 vs FWRD's 5/9, reflecting strong financial health.

MetricEXPD logoEXPDExpeditors Intern…FWRD logoFWRDForward Air Corpo…
ROE (TTM)Return on equity+36.7%-66.7%
ROA (TTM)Return on assets+17.4%-4.0%
ROICReturn on invested capital+48.4%+1.2%
ROCEReturn on capital employed+38.2%+1.5%
Piotroski ScoreFundamental quality 0–985
Debt / EquityFinancial leverage0.24x13.36x
Net DebtTotal debt minus cash-$744M$2.1B
Cash & Equiv.Liquid assets$1.3B$106M
Total DebtShort + long-term debt$571M$2.2B
Interest CoverageEBIT ÷ Interest expense0.19x
EXPD leads this category, winning 8 of 8 comparable metrics.

Total Returns (Dividends Reinvested)

EXPD leads this category, winning 6 of 6 comparable metrics.

A $10,000 investment in EXPD five years ago would be worth $13,673 today (with dividends reinvested), compared to $2,169 for FWRD. Over the past 12 months, EXPD leads with a +43.9% total return vs FWRD's +9.6%. The 3-year compound annual growth rate (CAGR) favors EXPD at 10.1% vs FWRD's -41.8% — a key indicator of consistent wealth creation.

MetricEXPD logoEXPDExpeditors Intern…FWRD logoFWRDForward Air Corpo…
YTD ReturnYear-to-date-0.4%-26.9%
1-Year ReturnPast 12 months+43.9%+9.6%
3-Year ReturnCumulative with dividends+33.5%-80.3%
5-Year ReturnCumulative with dividends+36.7%-78.3%
10-Year ReturnCumulative with dividends+236.2%-44.3%
CAGR (3Y)Annualised 3-year return+10.1%-41.8%
EXPD leads this category, winning 6 of 6 comparable metrics.

Risk & Volatility

EXPD leads this category, winning 2 of 2 comparable metrics.

EXPD is the less volatile stock with a 0.75 beta — it tends to amplify market swings less than FWRD's 2.28 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. EXPD currently trades 90.5% from its 52-week high vs FWRD's 56.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricEXPD logoEXPDExpeditors Intern…FWRD logoFWRDForward Air Corpo…
Beta (5Y)Sensitivity to S&P 5000.75x2.28x
52-Week HighHighest price in past year$167.19$32.47
52-Week LowLowest price in past year$106.00$14.81
% of 52W HighCurrent price vs 52-week peak+90.5%+56.5%
RSI (14)Momentum oscillator 0–10058.935.5
Avg Volume (50D)Average daily shares traded1.1M725K
EXPD leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

EXPD leads this category, winning 1 of 1 comparable metric.

Wall Street rates EXPD as "Hold" and FWRD as "Hold". Consensus price targets imply 101.5% upside for FWRD (target: $37) vs -7.3% for EXPD (target: $140). EXPD is the only dividend payer here at 1.01% yield — a key consideration for income-focused portfolios.

MetricEXPD logoEXPDExpeditors Intern…FWRD logoFWRDForward Air Corpo…
Analyst RatingConsensus buy/hold/sellHoldHold
Price TargetConsensus 12-month target$140.13$37.00
# AnalystsCovering analysts3321
Dividend YieldAnnual dividend ÷ price+1.0%
Dividend StreakConsecutive years of raises318
Dividend / ShareAnnual DPS$1.52
Buyback YieldShare repurchases ÷ mkt cap+3.3%+0.1%
EXPD leads this category, winning 1 of 1 comparable metric.
Key Takeaway

EXPD leads in 5 of 6 categories (Income & Cash Flow, Profitability & Efficiency). FWRD leads in 1 (Valuation Metrics).

Best OverallExpeditors International of… (EXPD)Leads 5 of 6 categories
Loading custom metrics...

EXPD vs FWRD: Frequently Asked Questions

9 questions · data-driven answers · updated daily

01

Is EXPD or FWRD a better buy right now?

For growth investors, Expeditors International of Washington, Inc.

(EXPD) is the stronger pick with 4. 4% revenue growth year-over-year, versus 0. 8% for Forward Air Corporation (FWRD). Expeditors International of Washington, Inc. (EXPD) offers the better valuation at 25. 4x trailing P/E (25. 0x forward), making it the more compelling value choice. Analysts rate Expeditors International of Washington, Inc. (EXPD) a "Hold" — based on 33 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which is the better long-term investment — EXPD or FWRD?

Over the past 5 years, Expeditors International of Washington, Inc.

(EXPD) delivered a total return of +36. 7%, compared to -78. 3% for Forward Air Corporation (FWRD). Over 10 years, the gap is even starker: EXPD returned +236. 2% versus FWRD's -44. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

03

Which is safer — EXPD or FWRD?

By beta (market sensitivity over 5 years), Expeditors International of Washington, Inc.

(EXPD) is the lower-risk stock at 0. 75β versus Forward Air Corporation's 2. 28β — meaning FWRD is approximately 203% more volatile than EXPD relative to the S&P 500. On balance sheet safety, Expeditors International of Washington, Inc. (EXPD) carries a lower debt/equity ratio of 24% versus 13% for Forward Air Corporation — giving it more financial flexibility in a downturn.

04

Which is growing faster — EXPD or FWRD?

By revenue growth (latest reported year), Expeditors International of Washington, Inc.

(EXPD) is pulling ahead at 4. 4% versus 0. 8% for Forward Air Corporation (FWRD). On earnings-per-share growth, the picture is similar: Forward Air Corporation grew EPS 88. 3% year-over-year, compared to 4. 0% for Expeditors International of Washington, Inc.. Over a 3-year CAGR, FWRD leads at 14. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

05

Which has better profit margins — EXPD or FWRD?

Expeditors International of Washington, Inc.

(EXPD) is the more profitable company, earning 7. 4% net margin versus -4. 3% for Forward Air Corporation — meaning it keeps 7. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: EXPD leads at 9. 5% versus 1. 5% for FWRD. At the gross margin level — before operating expenses — FWRD leads at 20. 5%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

06

Is EXPD or FWRD more undervalued right now?

Analyst consensus price targets imply the most upside for FWRD: 101.

5% to $37. 00.

07

Which pays a better dividend — EXPD or FWRD?

In this comparison, EXPD (1.

0% yield) pays a dividend. FWRD does not pay a meaningful dividend and should not be held primarily for income.

08

Is EXPD or FWRD better for a retirement portfolio?

For long-horizon retirement investors, Expeditors International of Washington, Inc.

(EXPD) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 75), 1. 0% yield, +236. 2% 10Y return). Forward Air Corporation (FWRD) carries a higher beta of 2. 28 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (EXPD: +236. 2%, FWRD: -44. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

09

What are the main differences between EXPD and FWRD?

Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

EXPD pays a dividend while FWRD does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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