FWRD vs EXPD vs CPRT Stock Comparison

Forward Air, Expeditors International Of Washington and Copart Prices as of Oct 28, 2026 Peers: Industry group
FWRD Forward Air Corp
$17.54 +14.9% 1M -11.2% 1Y
Market cap
$591.73M
P/E
–
Revenue (TTM)
$2.52B
Div. yield
–
Logistics Industrials
CPRT Copart Inc
$28.96 +6.4% 1M -34.3% 1Y
Market cap
$26.83B
P/E
18.5x
Revenue (TTM)
$4.67B
Div. yield
–
Logistics Industrials
5 wins

Head to Head

9 decided of 12

Copart leads on 5 of the 12 questions below (Copart 5, Expeditors International Of Washington 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFWRDEXPDCPRTLeader
Larger companyMarket capitalisation $591.73M $25.63B $26.83B CPRT
Cheaper on earningsLower P/E, profitable companies only -2.0x 28.1x 18.5x CPRT
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 26.7x 17.4x CPRT
Faster revenue growthRevenue growth, trailing twelve months -0.1% +6.8% +0.4% EXPD
More profitableNet margin, trailing twelve months -11.4% 7.6% 31.8% CPRT
Better return on capitalReturn on invested capital -9.8% — — –
Less leveragedLower net debt / EBITDA -115.3x — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.80% — –
Better 1-year returnPrice return, last 12 months -11.2% +65.1% -34.3% EXPD
Better 5-year returnAnnualised price return, 5 years -29.5%/yr +9.9%/yr -5.7%/yr EXPD
Less volatileAnnualised volatility, 1 year 93.5% 30.9% 32.8% EXPD
Higher overall scoreMean of the five percentile scores vs peers 20/100 43/100 65/100 CPRT

Percentile Scorecard

FWRDEXPDCPRT

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

AxisFWRDEXPDCPRT
Valuation 33 #92 of 136 13 #119 of 136 24 #103 of 136
Growth 19 #99 of 122 33 #82 of 122 47 #65 of 122
Profitability 17 #96 of 116 64 #43 of 116 76 #29 of 116
Financial Health 12 #126 of 143 61 #57 of 143 94 #9 of 143
Shareholder Returns – 46 #44 of 81 85 #13 of 81
Overall 20 43 65
  • FWRD ranked among 150 companies in Transportation
  • EXPD ranked among 150 companies in Transportation
  • CPRT ranked among 150 companies in Transportation

Price Performance

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

Returns

PeriodFWRDEXPDCPRTSPY
1 month +14.9%+4.5%+6.4% +0.9%
3 months +20.2%+15.9%-6.0% +5.9%
6 months -18.5%+32.5%-13.1% +8.5%
Year to date -29.8%+32.3%-26.0% +13.3%
1 year -11.2%+65.1%-34.3% +12.4%
3 years -75.1%+82.9%-32.2% +88.1%
3 years, per year -37.1%+22.3%-12.2% +23.5%
5 years -82.6%+59.9%-25.4% +68.2%
5 years, per year -29.5%+9.9%-5.7% +11.0%
10 years -56.8%+284.2%+340.9% +263.4%
10 years, per year -8.0%+14.4%+16.0% +13.8%

Risk

MeasureFWRDEXPDCPRTSPY
Volatility, 1Y 93.5%30.9%32.8% 12.7%
Downside volatility, 1Y 114.4%33.2%33.4% 12.7%
Beta vs S&P 500, 1Y 1.540.490.07 1.00
Return / volatility, 1Y -0.122.10-1.04 0.98
Max drawdown, 5Y -93.3%-36.0%-58.9% -25.4%
From 52-week high -42.0%-1.3%-34.3% -0.9%
52-week high $30.23$199.65$44.07 $779.14
52-week low $8.31$117.57$26.27 $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.

MultipleFWRDEXPDCPRT
P/E now vs peer median -2.0xmedian 16.1x 28.1xmedian 16.1x 18.5xmedian 16.1x
P/S now vs peer median 0.2xmedian 0.9x 2.1xmedian 0.9x 5.7xmedian 0.9x
EV/EBITDA now vs peer median -159.2xmedian 8.6x 19.9xmedian 8.6x 13.2xmedian 8.6x
P/FCF now vs peer median 12.3xmedian 11.6x 27.7xmedian 11.6x 21.2xmedian 11.6x
P/B now vs peer median -4.8xmedian 1.2x 12.1xmedian 1.2x 2.9xmedian 1.2x
PEG now vs peer median 0.04median 0.80 239.85median 0.80 2.81median 0.80

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 monthsFWRDEXPDCPRT
Revenue $2.52B $12.04B $4.67B
Gross profit – $3.94B $2.70B
Operating income -$168.73M $1.18B $1.65B
Net income -$330.71M $921.33M $1.48B
Free cash flow $48.22M $923.86M $1.27B
EPS (diluted) $-8.81 $6.99 $1.55
Cash & equivalents $139.45M $1.03B $1.91B
Total debt $1.69B – –
Shares (diluted) 32.48M 131.37M 956.86M
Enterprise value $57.67M $20.78B $11.25B

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
MetricFWRDEXPDCPRT
P/E -2.0x 28.1x 18.5x
P/FCF 12.3x 27.7x 21.2x
P/Operating cash flow 8.4x 26.4x 16.7x
P/S 0.2x 2.1x 5.7x
P/B -4.8x 12.1x 2.9x
P/Tangible book -0.6x 12.1x 3.0x
EV/EBITDA -159.2x 19.9x 13.2x
EV/EBIT -12.7x 20.8x 15.1x
EV/Revenue 0.9x 2.0x 5.3x
EV/FCF 44.5x 26.6x 19.7x
EV/Operating cash flow 30.3x 25.3x 15.5x
PEG (3Y EPS CAGR) 0.04 239.85 2.81

Growth

14 metrics
MetricFWRDEXPDCPRT
Revenue growth (1Y) -0.1% 6.8% 0.4%
Revenue CAGR (3Y) 18.1% -1.6% 6.4%
Gross profit growth (1Y) – 8.5% -0.1%
Gross profit CAGR (3Y) – 0.5% 4.7%
Operating income growth (1Y) -237.4% 6.0% -2.6%
Operating income CAGR (3Y) -42.5% -5.0% 3.6%
Net income growth (1Y) -72.8% 7.9% -4.4%
Net income CAGR (3Y) -61.1% -4.3% 6.1%
EPS growth (1Y) -54.9% 12.0% -2.3%
EPS CAGR (3Y) -52.0% 0.1% 6.6%
Operating cash flow growth (1Y) 67.4% 12.9% -10.8%
Operating cash flow CAGR (3Y) -34.7% -19.5% 5.6%
Free cash flow growth (1Y) 503.2% 14.0% 3.0%
Free cash flow CAGR (3Y) -39.4% -20.0% 14.3%

Profitability

14 metrics
MetricFWRDEXPDCPRT
Gross margin – 32.7% 57.9%
EBITDA margin -0.5% 10.3% 40.5%
Operating margin -6.7% 9.8% 35.4%
Pretax margin -13.9% 10.2% 39.3%
Net margin -11.4% 7.6% 31.8%
FCF margin 1.9% 7.7% 27.2%
Operating cash flow margin 2.8% 8.1% 34.4%
Return on equity – 41.8% 16.6%
Return on assets -13.6% 18.6% 15.0%
Return on invested capital -9.8% – –
Return on capital employed -8.0% 49.3% 18.1%
Asset turnover 1.0x 2.4x 0.5x
Cash conversion (OCF / net income) -0.2x 1.1x 1.1x
Stock comp / revenue 0.4% 0.6% 0.8%

Financial Health

11 metrics
MetricFWRDEXPDCPRT
Debt / assets 70.2% – –
Debt / equity -13.8x – –
Net debt / EBITDA -115.3x – –
Debt / FCF 35.1x – –
Liabilities / assets 105.1% 58.7% 9.3%
Equity / assets -5.1% 41.3% 90.7%
Interest coverage -1.0x – –
Current ratio 1.3x 1.6x 7.9x
Quick ratio 1.2x 1.4x 3.9x
Cash ratio 0.3x 0.4x 2.7x
Altman Z-score 0.62 9.17 20.00

Shareholder Returns

7 metrics
MetricFWRDEXPDCPRT
Dividend yield – 0.8% –
Net buyback yield – 3.2% 5.2%
Shareholder yield 0.0% 4.0% 5.2%
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.

ConsensusFWRDEXPDCPRT
Forward P/E – 26.7xFY2026 17.4xFY2027
EPS, next fiscal year $-0.86FY2026 $7.38FY2026 $1.66FY2027
EPS growth, next FY – +24.0%FY2026 +7.1%FY2027
EPS growth, the year after – +6.9% +3.0%
Revenue, next fiscal year $2.49BFY2026 $12.65BFY2026 $4.64BFY2027
Revenue growth, next FY -0.3%FY2026 +14.3%FY2026 -0.6%FY2027
Revenue growth, the year after +9.5% +10.2% +12.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFWRDEXPDCPRT
Held by institutions 90.3% 96.4% 83.8%
Institutions holding 189 959 1,058
Change in shares held, QoQ +3.5% -0.7% +5.7%
Institutions buying 118 448 529
Institutions selling 45 356 396
Buyers to sellers 2.62 1.26 1.34

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.

FWRDEXPDCPRT
FWRD 1.00 0.14 0.06
EXPD 0.14 1.00 0.20
CPRT 0.06 0.20 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FWRD, EXPD and CPRT?

Copart (CPRT) is the largest by market capitalisation: Forward Air (FWRD) $591.73M, Expeditors International Of Washington (EXPD) $25.63B, Copart (CPRT) $26.83B.

Which stock is cheaper, FWRD, EXPD and CPRT?

Copart (CPRT) trades on the lowest price-to-earnings ratio (Forward Air (FWRD) -2.0x, Expeditors International Of Washington (EXPD) 28.1x, Copart (CPRT) 18.5x). On next year's consensus earnings, Copart (CPRT) is cheapest (Expeditors International Of Washington (EXPD) 26.7x, Copart (CPRT) 17.4x). 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: Forward Air (FWRD) -0.1%, Expeditors International Of Washington (EXPD) +6.8%, Copart (CPRT) +0.4%.

Which company is more profitable?

Copart (CPRT) has the highest net margin (Forward Air (FWRD) -11.4%, Expeditors International Of Washington (EXPD) 7.6%, Copart (CPRT) 31.8%).

Which stock has performed better?

Over the past year Expeditors International Of Washington (EXPD) returned the most: Forward Air (FWRD) -11.2%, Expeditors International Of Washington (EXPD) +65.1%, Copart (CPRT) -34.3%. Over five years, Expeditors International Of Washington (EXPD) compounded fastest (Forward Air (FWRD) -29.5%/yr, Expeditors International Of Washington (EXPD) +9.9%/yr, Copart (CPRT) -5.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Forward Air (FWRD) 0.00%, Expeditors International Of Washington (EXPD) 0.80%. Forward Air (FWRD) and Copart (CPRT) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Expeditors International Of Washington (EXPD) has been the steadiest (Forward Air (FWRD) 93.5%, Expeditors International Of Washington (EXPD) 30.9%, Copart (CPRT) 32.8%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Copart (CPRT) 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.