Integrated Freight & Logistics
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EXPD vs FWRD
Revenue, margins, valuation, and 5-year total return — side by side.
Integrated Freight & Logistics
EXPD vs FWRD — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Integrated Freight & Logistics | Integrated Freight & Logistics |
| Market Cap | $20.11B | $573M |
| Revenue (TTM) | $11.19B | $2.50B |
| Net Income (TTM) | $837M | $-108M |
| Gross Margin | 20.2% | 20.5% |
| Operating Margin | 9.7% | 1.5% |
| Forward P/E | 25.0x | — |
| Total Debt | $571M | $2.16B |
| Cash & Equiv. | $1.31B | $106M |
EXPD vs FWRD — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Expeditors Internat… (EXPD) | 100 | 198.0 | +98.0% |
| Forward Air Corpora… (FWRD) | 100 | 37.0 | -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.
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%
In this particular matchup, FWRD is outpaced on most metrics by others in the set.
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 4.4% revenue growth vs FWRD's 0.8% | |
| Value | Better valuation composite | |
| Quality / Margins | 7.5% margin vs FWRD's -4.3% | |
| Stability / Safety | Beta 0.75 vs FWRD's 2.28, lower leverage | |
| Dividends | 1.0% yield; 31-year raise streak; the other pay no meaningful dividend | |
| Momentum (1Y) | +43.9% vs FWRD's +9.6% | |
| Efficiency (ROA) | 17.4% 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
EXPD vs FWRD — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
EXPD leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
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.
| Metric | ||
|---|---|---|
| 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% |
Valuation Metrics
FWRD leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
On an enterprise value basis, FWRD's 13.9x EV/EBITDA is more attractive than EXPD's 17.5x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $20.1B | $573M |
| Enterprise ValueMkt cap + debt − cash | $19.4B | $2.6B |
| Trailing P/EPrice ÷ TTM EPS | 25.42x | -5.28x |
| Forward P/EPrice ÷ next-FY EPS est. | 24.99x | — |
| PEG RatioP/E ÷ EPS growth rate | 3.22x | — |
| EV / EBITDAEnterprise value multiple | 17.46x | 13.89x |
| Price / SalesMarket cap ÷ Revenue | 1.82x | 0.23x |
| Price / BookPrice ÷ Book value/share | 8.74x | 3.52x |
| Price / FCFMarket cap ÷ FCF | 21.10x | 37.52x |
Profitability & Efficiency
EXPD leads this category, winning 8 of 8 comparable metrics.
Profitability & Efficiency
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.
| Metric | ||
|---|---|---|
| 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 0–9 | 8 | 5 |
| Debt / EquityFinancial leverage | 0.24x | 13.36x |
| 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 expense | — | 0.19x |
Total Returns (Dividends Reinvested)
EXPD leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
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.
| Metric | ||
|---|---|---|
| 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% |
Risk & Volatility
EXPD leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
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.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.75x | 2.28x |
| 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 0–100 | 58.9 | 35.5 |
| Avg Volume (50D)Average daily shares traded | 1.1M | 725K |
Analyst Outlook
EXPD leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
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.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $140.13 | $37.00 |
| # AnalystsCovering analysts | 33 | 21 |
| Dividend YieldAnnual dividend ÷ price | +1.0% | — |
| Dividend StreakConsecutive years of raises | 31 | 8 |
| Dividend / ShareAnnual DPS | $1.52 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +3.3% | +0.1% |
EXPD leads in 5 of 6 categories (Income & Cash Flow, Profitability & Efficiency). FWRD leads in 1 (Valuation Metrics).
EXPD vs FWRD: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is 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.
02Which 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.
03Which 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.
04Which 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.
05Which 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.
06Is EXPD or FWRD more undervalued right now?
Analyst consensus price targets imply the most upside for FWRD: 101.
5% to $37. 00.
07Which 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.
08Is 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.
09What 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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