EXPD vs R vs FWRD Stock Comparison

Expeditors International Of Washington, Ryder System and Forward Air Prices as of Oct 26, 2026 Peers: Industry group
R Ryder System Inc
$282.13 +19.8% 1M +74.9% 1Y
Market cap
$10.81B
P/E
20.8x
Revenue (TTM)
$13.08B
Div. yield
0.01%
Logistics Industrials
5 wins
FWRD Forward Air Corp
$15.08 +2.7% 1M -23.3% 1Y
Market cap
$493.22M
P/E
–
Revenue (TTM)
$2.52B
Div. yield
–
Logistics Industrials
2 wins

Head to Head

12 decided of 12

Expeditors International Of Washington leads on 5 of the 12 questions below (Expeditors International Of Washington 5, Ryder System 5, Forward Air 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionEXPDRFWRDLeader
Larger companyMarket capitalisation $26.11B $10.81B $493.22M EXPD
Cheaper on earningsLower P/E, profitable companies only 28.4x 20.8x -1.7x R
Cheaper on forward earningsLower price / next fiscal year consensus EPS 26.6x 19.5x — R
Faster revenue growthRevenue growth, trailing twelve months +6.8% +3.2% -0.1% EXPD
More profitableNet margin, trailing twelve months 7.6% 4.0% -11.4% EXPD
Better return on capitalReturn on invested capital — -70.6% -9.8% FWRD
Less leveragedLower net debt / EBITDA — -0.9x -115.3x FWRD
Higher dividend yieldTrailing dividend yield 0.01% 0.01% 0.00% R
Better 1-year returnPrice return, last 12 months +66.7% +74.9% -23.3% R
Better 5-year returnAnnualised price return, 5 years +10.4%/yr +26.6%/yr -30.5%/yr R
Less volatileAnnualised volatility, 1 year 30.9% 32.1% 92.5% EXPD
Higher overall scoreMean of the five percentile scores vs peers 42/100 40/100 20/100 EXPD

Percentile Scorecard

EXPDRFWRD

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

AxisEXPDRFWRD
Valuation 13 #118 of 136 37 #86 of 136 33 #91 of 136
Growth 35 #80 of 122 61 #48 of 122 20 #98 of 122
Profitability 63 #44 of 116 27 #85 of 116 17 #96 of 116
Financial Health 61 #57 of 144 5 #137 of 144 11 #128 of 144
Shareholder Returns 41 #49 of 82 70 #25 of 82 –
Overall 42 40 20
  • EXPD ranked among 150 companies in Transportation
  • R ranked among 150 companies in Transportation
  • FWRD ranked among 150 companies in Transportation

Price Performance

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

Returns

PeriodEXPDRFWRDSPY
1 month +4.8%+19.8%+2.7% -0.8%
3 months +14.6%+5.0%+2.4% +3.5%
6 months +32.6%+13.1%-34.0% +7.0%
Year to date +31.8%+47.4%-39.7% +12.2%
1 year +66.7%+74.9%-23.3% +13.0%
3 years +82.3%+205.4%-78.6% +86.3%
3 years, per year +22.2%+45.1%-40.2% +23.1%
5 years +64.0%+224.6%-83.7% +68.6%
5 years, per year +10.4%+26.6%-30.5% +11.0%
10 years +289.0%+307.6%-62.7% +258.0%
10 years, per year +14.6%+15.1%-9.4% +13.6%

Risk

MeasureEXPDRFWRDSPY
Volatility, 1Y 30.9%32.1%92.5% 12.7%
Downside volatility, 1Y 33.1%29.1%113.8% 12.7%
Beta vs S&P 500, 1Y 0.491.031.52 1.00
Return / volatility, 1Y 2.162.33-0.25 1.02
Max drawdown, 5Y -36.0%-28.8%-93.3% -25.4%
From 52-week high -1.1%0.0%-50.1% -1.8%
52-week high $198.58$282.13$30.23 $779.14
52-week low $117.57$162.50$8.31 $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.

MultipleEXPDRFWRD
P/E now vs peer median 28.0xmedian 16.1x 20.8xmedian 16.1x -1.7xmedian 16.1x
P/S now vs peer median 2.1xmedian 1.0x 0.8xmedian 1.0x 0.2xmedian 1.0x
EV/EBITDA now vs peer median 19.8xmedian 8.7x -2.2xmedian 8.7x -153.0xmedian 8.7x
P/FCF now vs peer median 27.6xmedian 11.5x 11.3xmedian 11.5x 10.6xmedian 11.5x
P/B now vs peer median 12.0xmedian 1.2x 3.6xmedian 1.2x -4.1xmedian 1.2x
PEG now vs peer median 238.95median 0.81 2.49median 0.81 0.03median 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 monthsEXPDRFWRD
Revenue $12.04B $13.08B $2.52B
Gross profit $3.94B $2.56B –
Operating income $1.18B -$9.81B -$168.73M
Net income $921.33M $520.00M -$330.71M
Free cash flow $923.86M $954.00M $48.22M
EPS (diluted) $6.99 $13.41 $-8.81
Cash & equivalents $1.03B $198.00M $139.45M
Total debt – $30.21B $1.69B
Shares (diluted) 131.37M 38.79M 32.48M
Enterprise value $21.25B $10.01B -$33.60M

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
MetricEXPDRFWRD
P/E 28.0x 20.8x -1.7x
P/FCF 27.6x 11.3x 10.6x
P/Operating cash flow 26.3x 3.9x 7.2x
P/S 2.1x 0.8x 0.2x
P/B 12.0x 3.6x -4.1x
P/Tangible book 12.0x 4.1x -0.5x
EV/EBITDA 19.8x -2.2x -153.0x
EV/EBIT 20.7x -1.8x -12.2x
EV/Revenue 2.0x 1.4x 0.8x
EV/FCF 26.5x 18.6x 42.8x
EV/Operating cash flow 25.2x 6.5x 29.1x
PEG (3Y EPS CAGR) 238.95 2.49 0.03

Growth

14 metrics
MetricEXPDRFWRD
Revenue growth (1Y) 6.8% 3.2% -0.1%
Revenue CAGR (3Y) -1.6% 3.4% 18.1%
Gross profit growth (1Y) 8.5% -0.4% –
Gross profit CAGR (3Y) 0.5% 3.6% –
Operating income growth (1Y) 6.0% -4.2% -237.4%
Operating income CAGR (3Y) -5.0% -3.7% -42.5%
Net income growth (1Y) 7.9% 3.6% -72.8%
Net income CAGR (3Y) -4.3% 2.1% -61.1%
EPS growth (1Y) 12.0% 11.2% -54.9%
EPS CAGR (3Y) 0.1% 8.3% -52.0%
Operating cash flow growth (1Y) 12.9% 13.8% 67.4%
Operating cash flow CAGR (3Y) -19.5% 4.9% -34.7%
Free cash flow growth (1Y) 14.0% 1,184% 503.2%
Free cash flow CAGR (3Y) -20.0% 47.1% -39.4%

Profitability

14 metrics
MetricEXPDRFWRD
Gross margin 32.7% 19.6% –
EBITDA margin 10.3% -61.9% -0.5%
Operating margin 9.8% -75.0% -6.7%
Pretax margin 10.2% 5.4% -13.9%
Net margin 7.6% 4.0% -11.4%
FCF margin 7.7% 7.3% 1.9%
Operating cash flow margin 8.1% 20.9% 2.8%
Return on equity 41.8% 17.8% –
Return on assets 18.6% 3.2% -13.6%
Return on invested capital – -70.6% -9.8%
Return on capital employed 49.3% -80.1% -8.0%
Asset turnover 2.4x 0.8x 1.0x
Cash conversion (OCF / net income) 1.1x 5.3x -0.2x
Stock comp / revenue 0.6% – 0.4%

Financial Health

11 metrics
MetricEXPDRFWRD
Debt / assets – 44.6% 70.2%
Debt / equity – 2.4x -13.8x
Net debt / EBITDA – -0.9x -115.3x
Debt / FCF – 7.6x 35.1x
Liabilities / assets 58.7% 81.6% 105.1%
Equity / assets 41.3% 18.4% -5.1%
Interest coverage – -25.2x -1.0x
Current ratio 1.6x 0.7x 1.3x
Quick ratio 1.4x 0.6x 1.2x
Cash ratio 0.4x 0.1x 0.3x
Altman Z-score 9.16 -0.58 0.60

Shareholder Returns

7 metrics
MetricEXPDRFWRD
Dividend yield 0.8% 1.3% –
Net buyback yield 3.2% 5.1% –
Shareholder yield 4.0% 6.4% 0.0%
Payout ratio (earnings) 34.0% 28.8% –
Payout ratio (FCF) 33.9% 15.7% –
Dividend growth (1Y) 1.6% 5.6% –
Dividend CAGR (3Y) -0.3% 6.3% –

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.

ConsensusEXPDRFWRD
Forward P/E 26.6xFY2026 19.5xFY2026 –
EPS, next fiscal year $7.38FY2026 $14.45FY2026 $-0.86FY2026
EPS growth, next FY +24.0%FY2026 +11.8%FY2026 –
EPS growth, the year after +6.9% +30.6% –
Revenue, next fiscal year $12.65BFY2026 $14.12BFY2026 $2.49BFY2026
Revenue growth, next FY +14.3%FY2026 +11.5%FY2026 -0.3%FY2026
Revenue growth, the year after +10.2% +2.3% +9.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersEXPDRFWRD
Held by institutions 96.4% 90.8% 90.3%
Institutions holding 959 579 189
Change in shares held, QoQ -0.7% -0.6% +3.5%
Institutions buying 448 309 118
Institutions selling 356 177 45
Buyers to sellers 1.26 1.75 2.62

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.

EXPDRFWRD
EXPD 1.00 0.32 0.15
R 0.32 1.00 0.38
FWRD 0.15 0.38 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, EXPD, R and FWRD?

Expeditors International Of Washington (EXPD) is the largest by market capitalisation: Expeditors International Of Washington (EXPD) $26.11B, Ryder System (R) $10.81B, Forward Air (FWRD) $493.22M.

Which stock is cheaper, EXPD, R and FWRD?

Ryder System (R) trades on the lowest price-to-earnings ratio (Expeditors International Of Washington (EXPD) 28.4x, Ryder System (R) 20.8x, Forward Air (FWRD) -1.7x). On next year's consensus earnings, Ryder System (R) is cheapest (Expeditors International Of Washington (EXPD) 26.6x, Ryder System (R) 19.5x). 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%, Ryder System (R) +3.2%, Forward Air (FWRD) -0.1%.

Which company is more profitable?

Expeditors International Of Washington (EXPD) has the highest net margin (Expeditors International Of Washington (EXPD) 7.6%, Ryder System (R) 4.0%, Forward Air (FWRD) -11.4%). On return on invested capital, Forward Air (FWRD) leads (Ryder System (R) -70.6%, Forward Air (FWRD) -9.8%).

Which stock has performed better?

Over the past year Ryder System (R) returned the most: Expeditors International Of Washington (EXPD) +66.7%, Ryder System (R) +74.9%, Forward Air (FWRD) -23.3%. Over five years, Ryder System (R) compounded fastest (Expeditors International Of Washington (EXPD) +10.4%/yr, Ryder System (R) +26.6%/yr, Forward Air (FWRD) -30.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Ryder System (R) has the highest dividend yield: Expeditors International Of Washington (EXPD) 0.01%, Ryder System (R) 0.01%, Forward Air (FWRD) 0.00%. Forward Air (FWRD) 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%, Ryder System (R) 32.1%, Forward Air (FWRD) 92.5%). Volatility measures how widely the price swings, not the risk of the business.

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

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 5. 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.