Question 1

What is Expeditors International's P/FCF ratio?

Accepted Answer

Expeditors International (EXPD) P/FCF ratio is 25.8× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Expeditors International?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Expeditors International specifically, the relevant sector benchmark is the current sector median of 24.3×.

Question 5

Is Expeditors International's P/FCF ratio high or low?

Accepted Answer

Expeditors International's P/FCF ratio of 25.8× is above its own 5-year average of 19.4× and above the sector median of 24.3×. That places the current reading at the 81th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Expeditors International's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Expeditors International (EXPD) P/FCF ratio has ranged from a low of 7.9× in 2023 to a high of 96.9× in 2002. The 5-year average is 19.4× and the 5-year median is 20.2×.

Question 7

What was Expeditors International's P/FCF ratio in 2025?

Accepted Answer

Expeditors International (EXPD) P/FCF ratio at the end of 2025 was 21.0×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does Expeditors International's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$20B	$953M	21.0×	-1.6×	Dec 31, 2025
2024	$15.4B	$683M	22.6×	+4.4×	Dec 31, 2024
2023	$18.4B	$1.01B	18.2×	+10.2×	Dec 31, 2023
2022	$16.3B	$2.04B	8.0×	-19.2×	Dec 31, 2022
2021	$22.6B	$832M	27.2×	+0.6×	Dec 31, 2021
2020	$16.1B	$607M	26.5×	+8.2×	Dec 31, 2020
2019	$13.3B	$725M	18.3×	-4.0×	Dec 31, 2019
2018	$11.7B	$525M	22.4×	-6.8×	Dec 31, 2018
2017	$11.5B	$394M	29.2×	+8.9×	Dec 31, 2017
2016	$9.54B	$470M	20.3×	+4.3×	Dec 31, 2016
2015	$8.35B	$520M	16.0×	-10.0×	Dec 31, 2015
2014	$8.6B	$330M	26.0×	+0.5×	Dec 31, 2014
2013	$9.05B	$354M	25.6×	+0.1×	Dec 31, 2013
2012	$8.22B	$323M	25.5×	+2.6×	Dec 31, 2012
2011	$8.68B	$379M	22.9×	-9.9×	Dec 31, 2011
2010	$11.6B	$353M	32.8×	+8.1×	Dec 31, 2010
2009	$7.37B	$298M	24.7×	+4.5×	Dec 31, 2009
2008	$7.05B	$349M	20.2×	-21.2×	Dec 31, 2008
2007	$9.52B	$230M	41.4×	-3.5×	Dec 31, 2007
2006	$8.63B	$192M	44.9×	+6.8×	Dec 31, 2006
2005	$7.2B	$189M	38.2×	-8.8×	Dec 31, 2005
2004	$5.94B	$126M	47.0×	+4.7×	Dec 31, 2004
2003	$3.96B	$93.6M	42.3×	-54.7×	Dec 31, 2003
2002	$3.4B	$35.1M	96.9×	—	Dec 31, 2002


Thomson Reuters (TRI)	18.8×
PACCAR (PCAR)	18.6×
United Parcel Service (UPS)	18.5×
Gorman-Rupp (GRC)	18.5×
Alamo Group (ALG)	18.0×
Allegion (ALLE)	17.8×
Snap-on (SNA)	17.6×
United Airlines Holdings (UAL)	17.5×
Honeywell International (HON)	17.4×
Equifax (EFX)	17.0×
Norfolk Southern (NSC)	16.9×
FedEx (FDX)	15.9×
AGCO (AGCO)	15.4×
General Dynamics (GD)	15.3×
Carlisle Companies (CSL)	14.7×
Amentum Holdings (AMTM)	14.7×
Stanley Black & Decker (SWK)	14.4×
A. O. Smith (AOS)	14.2×
Huntington Ingalls Industries (HII)	14.1×
McGrath RentCorp (MGRC)	13.9×
Masco (MAS)	13.0×
Pool (POOL)	12.2×
Delta Air Lines (DAL)	10.1×
ABM Industries (ABM)	7.2×
Upwork (UPWK)	6.3×

P/FCF Ratio for Expeditors International (EXPD) 2002-2026

P/FCF Ratio daily chart for Expeditors International (EXPD)

Historical P/FCF Ratio for Expeditors International (EXPD) from 2002 to 2025

About P/FCF Ratio at Expeditors International (EXPD)

Expeditors International P/FCF Ratio by Year

Expeditors International P/FCF Ratio 2025: 21.0×

Expeditors International P/FCF Ratio 2024: 22.6×

Expeditors International P/FCF Ratio 2023: 18.2×

Expeditors International P/FCF Ratio 2022: 8.0×

Expeditors International P/FCF Ratio 2021: 27.2×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Expeditors International (EXPD) Key Financials