EXPD vs FWRD vs LSTR Stock Comparison

Expeditors International Of Washington, Forward Air and Landstar System Prices as of Oct 26, 2026 Peers: Industry group
FWRD Forward Air Corp
$15.08 +2.7% 1M -23.3% 1Y
Market cap
$497.28M
P/E
–
Revenue (TTM)
$2.52B
Div. yield
–
Logistics Industrials
1 win
LSTR Landstar System Inc
$165.17 +0.9% 1M +26.9% 1Y
Market cap
$5.70B
P/E
43.3x
Revenue (TTM)
$4.98B
Div. yield
–
Logistics Industrials
2 wins

Head to Head

11 decided of 12

Expeditors International Of Washington leads on 8 of the 12 questions below (Expeditors International Of Washington 8, Landstar System 2, Forward Air 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionEXPDFWRDLSTRLeader
Larger companyMarket capitalisation $26.10B $497.28M $5.70B EXPD
Cheaper on earningsLower P/E, profitable companies only 28.4x -1.7x 43.3x EXPD
Cheaper on forward earningsLower price / next fiscal year consensus EPS 26.6x — 26.9x EXPD
Faster revenue growthRevenue growth, trailing twelve months +6.8% -0.1% +4.1% EXPD
More profitableNet margin, trailing twelve months 7.6% -11.4% 2.6% EXPD
Better return on capitalReturn on invested capital — -9.8% 15.1% LSTR
Less leveragedLower net debt / EBITDA — -115.3x -1.3x FWRD
Higher dividend yieldTrailing dividend yield 0.01% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +66.7% -23.3% +26.9% EXPD
Better 5-year returnAnnualised price return, 5 years +10.4%/yr -30.5%/yr -0.7%/yr EXPD
Less volatileAnnualised volatility, 1 year 30.9% 92.5% 35.1% EXPD
Higher overall scoreMean of the five percentile scores vs peers 42/100 20/100 44/100 LSTR

Percentile Scorecard

EXPDFWRDLSTR

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisEXPDFWRDLSTR
Valuation 13 #118 of 136 33 #91 of 136 19 #111 of 136
Growth 35 #80 of 122 20 #98 of 122 10 #110 of 122
Profitability 63 #44 of 116 17 #96 of 116 54 #54 of 116
Financial Health 61 #57 of 144 11 #128 of 144 87 #20 of 144
Shareholder Returns 41 #49 of 82 – 52 #40 of 82
Overall 42 20 44
  • EXPD ranked among 150 companies in Transportation
  • FWRD ranked among 150 companies in Transportation
  • LSTR ranked among 150 companies in Transportation

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodEXPDFWRDLSTRSPY
1 month +4.8%+2.7%+0.9% -0.8%
3 months +14.6%+2.4%-13.8% +3.5%
6 months +32.6%-34.0%-8.3% +7.0%
Year to date +31.8%-39.7%+14.9% +12.2%
1 year +66.7%-23.3%+26.9% +13.0%
3 years +82.3%-78.6%+1.6% +86.3%
3 years, per year +22.2%-40.2%+0.5% +23.1%
5 years +64.0%-83.7%-3.6% +68.6%
5 years, per year +10.4%-30.5%-0.7% +11.0%
10 years +289.0%-62.7%+133.5% +258.0%
10 years, per year +14.6%-9.4%+8.8% +13.6%

Risk

MeasureEXPDFWRDLSTRSPY
Volatility, 1Y 30.9%92.5%35.1% 12.7%
Downside volatility, 1Y 33.1%113.8%37.1% 12.7%
Beta vs S&P 500, 1Y 0.491.520.71 1.00
Return / volatility, 1Y 2.16-0.250.77 1.02
Max drawdown, 5Y -36.0%-93.3%-41.2% -25.4%
From 52-week high -1.1%-50.1%-26.7% -1.8%
52-week high $198.58$30.23$225.37 $779.14
52-week low $117.57$8.31$121.51 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleEXPDFWRDLSTR
P/E now vs peer median 28.0xmedian 16.1x -1.7xmedian 16.1x 42.6xmedian 16.1x
P/S now vs peer median 2.1xmedian 1.0x 0.2xmedian 1.0x 1.1xmedian 1.0x
EV/EBITDA now vs peer median 19.8xmedian 8.7x -153.0xmedian 8.7x 24.4xmedian 8.7x
P/FCF now vs peer median 27.6xmedian 11.5x 10.6xmedian 11.5x 31.9xmedian 11.5x
P/B now vs peer median 12.0xmedian 1.2x -4.1xmedian 1.2x 6.7xmedian 1.2x
PEG now vs peer median 238.95median 0.81 0.03median 0.81 -1.66median 0.81

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsEXPDFWRDLSTR
Revenue $12.04B $2.52B $4.98B
Gross profit $3.94B – –
Operating income $1.18B -$168.73M $175.34M
Net income $921.33M -$330.71M $131.70M
Free cash flow $923.86M $48.22M $175.65M
EPS (diluted) $6.99 $-8.81 $3.88
Cash & equivalents $1.03B $139.45M $294.35M
Total debt – $1.69B $230.93M
Shares (diluted) 131.37M 32.48M 33.94M
Enterprise value $21.25B -$29.54M $4.06B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricEXPDFWRDLSTR
P/E 28.0x -1.7x 42.6x
P/FCF 27.6x 10.6x 31.9x
P/Operating cash flow 26.3x 7.2x 29.5x
P/S 2.1x 0.2x 1.1x
P/B 12.0x -4.1x 6.7x
P/Tangible book 12.0x -0.5x 6.7x
EV/EBITDA 19.8x -153.0x 24.4x
EV/EBIT 20.7x -12.2x 30.4x
EV/Revenue 2.0x 0.8x 1.1x
EV/FCF 26.5x 42.8x 30.3x
EV/Operating cash flow 25.2x 29.1x 28.1x
PEG (3Y EPS CAGR) 238.95 0.03 -1.66

Growth

14 metrics
MetricEXPDFWRDLSTR
Revenue growth (1Y) 6.8% -0.1% 4.1%
Revenue CAGR (3Y) -1.6% 18.1% -7.5%
Gross profit growth (1Y) 8.5% – –
Gross profit CAGR (3Y) 0.5% – –
Operating income growth (1Y) 6.0% -237.4% -19.0%
Operating income CAGR (3Y) -5.0% -42.5% -26.8%
Net income growth (1Y) 7.9% -72.8% -21.6%
Net income CAGR (3Y) -4.3% -61.1% -27.0%
EPS growth (1Y) 12.0% -54.9% -19.4%
EPS CAGR (3Y) 0.1% -52.0% -25.6%
Operating cash flow growth (1Y) 12.9% 67.4% -8.3%
Operating cash flow CAGR (3Y) -19.5% -34.7% -32.0%
Free cash flow growth (1Y) 14.0% 503.2% -6.8%
Free cash flow CAGR (3Y) -20.0% -39.4% -32.6%

Profitability

14 metrics
MetricEXPDFWRDLSTR
Gross margin 32.7% – –
EBITDA margin 10.3% -0.5% 4.4%
Operating margin 9.8% -6.7% 3.5%
Pretax margin 10.2% -13.9% 3.5%
Net margin 7.6% -11.4% 2.6%
FCF margin 7.7% 1.9% 3.5%
Operating cash flow margin 8.1% 2.8% 3.8%
Return on equity 41.8% – 16.1%
Return on assets 18.6% -13.6% 7.9%
Return on invested capital – -9.8% 15.1%
Return on capital employed 49.3% -8.0% 18.5%
Asset turnover 2.4x 1.0x 3.0x
Cash conversion (OCF / net income) 1.1x -0.2x 1.4x
Stock comp / revenue 0.6% 0.4% 0.2%

Financial Health

11 metrics
MetricEXPDFWRDLSTR
Debt / assets – 70.2% 4.1%
Debt / equity – -13.8x 0.1x
Net debt / EBITDA – -115.3x -1.3x
Debt / FCF – 35.1x 0.4x
Liabilities / assets 58.7% 105.1% 52.0%
Equity / assets 41.3% -5.1% 48.0%
Interest coverage – -1.0x 98.1x
Current ratio 1.6x 1.3x 1.8x
Quick ratio 1.4x 1.2x 1.7x
Cash ratio 0.4x 0.3x 0.5x
Altman Z-score 9.16 0.60 9.66

Shareholder Returns

7 metrics
MetricEXPDFWRDLSTR
Dividend yield 0.8% – 2.2%
Net buyback yield 3.2% – 1.8%
Shareholder yield 4.0% 0.0% 4.0%
Payout ratio (earnings) 34.0% – –
Payout ratio (FCF) 33.9% – –
Dividend growth (1Y) 1.6% – –
Dividend CAGR (3Y) -0.3% – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusEXPDFWRDLSTR
Forward P/E 26.6xFY2026 – 26.9xFY2026
EPS, next fiscal year $7.38FY2026 $-0.86FY2026 $6.15FY2026
EPS growth, next FY +24.0%FY2026 – +85.8%FY2026
EPS growth, the year after +6.9% – +27.8%
Revenue, next fiscal year $12.65BFY2026 $2.49BFY2026 $5.45BFY2026
Revenue growth, next FY +14.3%FY2026 -0.3%FY2026 +15.1%FY2026
Revenue growth, the year after +10.2% +9.5% +17.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersEXPDFWRDLSTR
Held by institutions 96.4% 90.3% 100.0%
Institutions holding 959 189 543
Change in shares held, QoQ -0.7% +3.5% -2.8%
Institutions buying 448 118 296
Institutions selling 356 45 153
Buyers to sellers 1.26 2.62 1.93

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

EXPDFWRDLSTR
EXPD 1.00 0.15 0.58
FWRD 0.15 1.00 0.28
LSTR 0.58 0.28 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, EXPD, FWRD and LSTR?

Expeditors International Of Washington (EXPD) is the largest by market capitalisation: Expeditors International Of Washington (EXPD) $26.10B, Forward Air (FWRD) $497.28M, Landstar System (LSTR) $5.70B.

Which stock is cheaper, EXPD, FWRD and LSTR?

Expeditors International Of Washington (EXPD) trades on the lowest price-to-earnings ratio (Expeditors International Of Washington (EXPD) 28.4x, Forward Air (FWRD) -1.7x, Landstar System (LSTR) 43.3x). On next year's consensus earnings, Expeditors International Of Washington (EXPD) is cheapest (Expeditors International Of Washington (EXPD) 26.6x, Landstar System (LSTR) 26.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Expeditors International Of Washington (EXPD) grew revenue fastest over the trailing twelve months: Expeditors International Of Washington (EXPD) +6.8%, Forward Air (FWRD) -0.1%, Landstar System (LSTR) +4.1%.

Which company is more profitable?

Expeditors International Of Washington (EXPD) has the highest net margin (Expeditors International Of Washington (EXPD) 7.6%, Forward Air (FWRD) -11.4%, Landstar System (LSTR) 2.6%). On return on invested capital, Landstar System (LSTR) leads (Forward Air (FWRD) -9.8%, Landstar System (LSTR) 15.1%).

Which stock has performed better?

Over the past year Expeditors International Of Washington (EXPD) returned the most: Expeditors International Of Washington (EXPD) +66.7%, Forward Air (FWRD) -23.3%, Landstar System (LSTR) +26.9%. Over five years, Expeditors International Of Washington (EXPD) compounded fastest (Expeditors International Of Washington (EXPD) +10.4%/yr, Forward Air (FWRD) -30.5%/yr, Landstar System (LSTR) -0.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Expeditors International Of Washington (EXPD) 0.01%, Forward Air (FWRD) 0.00%, Landstar System (LSTR) 0.00%. Forward Air (FWRD) and Landstar System (LSTR) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Expeditors International Of Washington (EXPD) has been the steadiest (Expeditors International Of Washington (EXPD) 30.9%, Forward Air (FWRD) 92.5%, Landstar System (LSTR) 35.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, EXPD, FWRD and LSTR?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Expeditors International Of Washington (EXPD) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.