Expeditors International vs GXO Logistics
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The short version
- GXO Logistics is the larger business, with $13.2B of revenue in fiscal 2025 against $11.1B for Expeditors International.
- GXO Logistics grew revenue faster (12.6%, against 4.4%).
- Expeditors International kept more of each dollar of sales as operating profit (9.5% operating margin, against 1.9%).
- Expeditors International turned more of its sales into free cash flow (8.6% FCF margin, against 0.8%).
- Investors pay more for each dollar of GXO Logistics’s earnings: a P/E of 42.9x against 28.6x for Expeditors International.
| Latest fiscal year | EXPD · FY25 | GXO · FY25 |
|---|---|---|
| Size | ||
| Market cap | $25.8B | $5.6B |
| Revenue | $11.1B | $13.2B |
| Free cash flow | $953M | $110M |
| Net income | $810M | $32.0M |
| Growth | ||
| Revenue growth | 4.4% | 12.6% |
| 5-year growth | 2.9% | 16.3% |
| Share count change | −3.9% | −2.9% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 9.5% | 1.9% |
| Net margin | 7.3% | 0.2% |
| FCF margin | 8.6% | 0.8% |
| Return on capital | — | 2.3% |
| Return on equity | 35.4% | 1.1% |
| Balance sheet | ||
| Net debt | — | $2.2B |
| Net debt / EBITDA | — | 3.2x |
| Dividends and buybacks | $875M | $200M |
| Valuation & quality | ||
| P/E | 28.6x | 42.9x |
| Piotroski F-score | — | 5 |
Revenue
FY16
EXPD $6.1B
GXO —
FY17
EXPD $6.9B
GXO —
FY18
EXPD $8.1B
GXO —
FY19
EXPD $7.9B
GXO $6.1B
FY20
EXPD $9.6B
GXO $6.2B
FY21
EXPD $16.5B
GXO $7.9B
FY22
EXPD $17.1B
GXO $9.0B
FY23
EXPD $9.3B
GXO $9.8B
FY24
EXPD $10.6B
GXO $11.7B
FY25
EXPD $11.1B
GXO $13.2B
EXPD
GXO
Operating margin
FY16
EXPD 11.0%
GXO —
FY17
EXPD 10.1%
GXO —
FY18
EXPD 9.8%
GXO —
FY19
EXPD 9.7%
GXO 2.5%
FY20
EXPD 9.8%
GXO 0.3%
FY21
EXPD 11.6%
GXO 1.9%
FY22
EXPD 10.7%
GXO 2.7%
FY23
EXPD 10.1%
GXO 3.3%
FY24
EXPD 9.8%
GXO 1.9%
FY25
EXPD 9.5%
GXO 1.9%
EXPD
GXO
Free cash flow
FY16
EXPD $470M
GXO —
FY17
EXPD $394M
GXO —
FY18
EXPD $525M
GXO —
FY19
EXPD $725M
GXO −$77.0M
FY20
EXPD $607M
GXO $111M
FY21
EXPD $832M
GXO $205M
FY22
EXPD $2.0B
GXO $200M
FY23
EXPD $1.0B
GXO $284M
FY24
EXPD $683M
GXO $190M
FY25
EXPD $953M
GXO $110M
EXPD
GXO
Return on capital
FY16
EXPD —
GXO —
FY17
EXPD —
GXO —
FY18
EXPD —
GXO —
FY19
EXPD —
GXO —
FY20
EXPD —
GXO —
FY21
EXPD —
GXO 4.8%
FY22
EXPD —
GXO 5.2%
FY23
EXPD —
GXO 6.9%
FY24
EXPD —
GXO 4.4%
FY25
EXPD —
GXO 2.3%
EXPD
GXO
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.