R vs EXPD vs FWRD Stock Comparison

Ryder System, Expeditors International Of Washington 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.

QuestionREXPDFWRDLeader
Larger companyMarket capitalisation $10.81B $26.11B $493.22M EXPD
Cheaper on earningsLower P/E, profitable companies only 20.8x 28.4x -1.7x R
Cheaper on forward earningsLower price / next fiscal year consensus EPS 19.5x 26.6x — R
Faster revenue growthRevenue growth, trailing twelve months +3.2% +6.8% -0.1% EXPD
More profitableNet margin, trailing twelve months 4.0% 7.6% -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 +74.9% +66.7% -23.3% R
Better 5-year returnAnnualised price return, 5 years +26.6%/yr +10.4%/yr -30.5%/yr R
Less volatileAnnualised volatility, 1 year 32.1% 30.9% 92.5% EXPD
Higher overall scoreMean of the five percentile scores vs peers 40/100 42/100 20/100 EXPD

Percentile Scorecard

REXPDFWRD

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

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

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

Risk

MeasureREXPDFWRDSPY
Volatility, 1Y 32.1%30.9%92.5% 12.7%
Downside volatility, 1Y 29.1%33.1%113.8% 12.7%
Beta vs S&P 500, 1Y 1.030.491.52 1.00
Return / volatility, 1Y 2.332.16-0.25 1.02
Max drawdown, 5Y -28.8%-36.0%-93.3% -25.4%
From 52-week high 0.0%-1.1%-50.1% -1.8%
52-week high $282.13$198.58$30.23 $779.14
52-week low $162.50$117.57$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.

MultipleREXPDFWRD
P/E now vs peer median 20.8xmedian 16.1x 28.0xmedian 16.1x -1.7xmedian 16.1x
P/S now vs peer median 0.8xmedian 1.0x 2.1xmedian 1.0x 0.2xmedian 1.0x
EV/EBITDA now vs peer median -2.2xmedian 8.7x 19.8xmedian 8.7x -153.0xmedian 8.7x
P/FCF now vs peer median 11.3xmedian 11.5x 27.6xmedian 11.5x 10.6xmedian 11.5x
P/B now vs peer median 3.6xmedian 1.2x 12.0xmedian 1.2x -4.1xmedian 1.2x
PEG now vs peer median 2.49median 0.81 238.95median 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 monthsREXPDFWRD
Revenue $13.08B $12.04B $2.52B
Gross profit $2.56B $3.94B –
Operating income -$9.81B $1.18B -$168.73M
Net income $520.00M $921.33M -$330.71M
Free cash flow $954.00M $923.86M $48.22M
EPS (diluted) $13.41 $6.99 $-8.81
Cash & equivalents $198.00M $1.03B $139.45M
Total debt $30.21B – $1.69B
Shares (diluted) 38.79M 131.37M 32.48M
Enterprise value $10.01B $21.25B -$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
MetricREXPDFWRD
P/E 20.8x 28.0x -1.7x
P/FCF 11.3x 27.6x 10.6x
P/Operating cash flow 3.9x 26.3x 7.2x
P/S 0.8x 2.1x 0.2x
P/B 3.6x 12.0x -4.1x
P/Tangible book 4.1x 12.0x -0.5x
EV/EBITDA -2.2x 19.8x -153.0x
EV/EBIT -1.8x 20.7x -12.2x
EV/Revenue 1.4x 2.0x 0.8x
EV/FCF 18.6x 26.5x 42.8x
EV/Operating cash flow 6.5x 25.2x 29.1x
PEG (3Y EPS CAGR) 2.49 238.95 0.03

Growth

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

Profitability

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

Financial Health

11 metrics
MetricREXPDFWRD
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 81.6% 58.7% 105.1%
Equity / assets 18.4% 41.3% -5.1%
Interest coverage -25.2x – -1.0x
Current ratio 0.7x 1.6x 1.3x
Quick ratio 0.6x 1.4x 1.2x
Cash ratio 0.1x 0.4x 0.3x
Altman Z-score -0.58 9.16 0.60

Shareholder Returns

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

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

Institutional Ownership

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

REXPDFWRD
R 1.00 0.32 0.38
EXPD 0.32 1.00 0.15
FWRD 0.38 0.15 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, R, EXPD and FWRD?

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

Which stock is cheaper, R, EXPD and FWRD?

Ryder System (R) trades on the lowest price-to-earnings ratio (Ryder System (R) 20.8x, Expeditors International Of Washington (EXPD) 28.4x, Forward Air (FWRD) -1.7x). On next year's consensus earnings, Ryder System (R) is cheapest (Ryder System (R) 19.5x, Expeditors International Of Washington (EXPD) 26.6x). 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: Ryder System (R) +3.2%, Expeditors International Of Washington (EXPD) +6.8%, Forward Air (FWRD) -0.1%.

Which company is more profitable?

Expeditors International Of Washington (EXPD) has the highest net margin (Ryder System (R) 4.0%, Expeditors International Of Washington (EXPD) 7.6%, 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: Ryder System (R) +74.9%, Expeditors International Of Washington (EXPD) +66.7%, Forward Air (FWRD) -23.3%. Over five years, Ryder System (R) compounded fastest (Ryder System (R) +26.6%/yr, Expeditors International Of Washington (EXPD) +10.4%/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: Ryder System (R) 0.01%, Expeditors International Of Washington (EXPD) 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 (Ryder System (R) 32.1%, Expeditors International Of Washington (EXPD) 30.9%, Forward Air (FWRD) 92.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, R, EXPD 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.