Expeditors International of Washington, Inc.
Expeditors International of Washington, Inc., together with its subsidiaries, provides logistics services in the Americas, North Asia, South Asia, Europe, and MAIR. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage and ot… Read more
Expeditors International of Washington, Inc. (EXPD) - Net Assets
Latest net assets as of September 2025: $2.28 Billion USD
Based on the latest financial reports, Expeditors International of Washington, Inc. (EXPD) has net assets worth $2.28 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.78 Billion) and total liabilities ($2.50 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.28 Billion |
| % of Total Assets | 47.76% |
| Annual Growth Rate | 14.56% |
| 5-Year Change | -16.43% |
| 10-Year Change | 31.34% |
| Growth Volatility | 16.77 |
Expeditors International of Washington, Inc. - Net Assets Trend (1985–2024)
This chart illustrates how Expeditors International of Washington, Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Expeditors International of Washington, Inc. (1985–2024)
The table below shows the annual net assets of Expeditors International of Washington, Inc. from 1985 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.23 Billion | -6.93% |
| 2023-12-31 | $2.39 Billion | -23.19% |
| 2022-12-31 | $3.11 Billion | -10.99% |
| 2021-12-31 | $3.50 Billion | +31.34% |
| 2020-12-31 | $2.66 Billion | +21.21% |
| 2019-12-31 | $2.20 Billion | +10.54% |
| 2018-12-31 | $1.99 Billion | -0.33% |
| 2017-12-31 | $1.99 Billion | +7.97% |
| 2016-12-31 | $1.85 Billion | +9.00% |
| 2015-12-31 | $1.69 Billion | -9.45% |
| 2014-12-31 | $1.87 Billion | -10.29% |
| 2013-12-31 | $2.09 Billion | +2.64% |
| 2012-12-31 | $2.03 Billion | +1.12% |
| 2011-12-31 | $2.01 Billion | +14.98% |
| 2010-12-31 | $1.75 Billion | +11.96% |
| 2009-12-31 | $1.56 Billion | +12.82% |
| 2008-12-31 | $1.38 Billion | +11.27% |
| 2007-12-31 | $1.24 Billion | +14.48% |
| 2006-12-31 | $1.09 Billion | +17.12% |
| 2005-12-31 | $927.60 Million | +13.83% |
| 2004-12-31 | $814.88 Million | +24.99% |
| 2003-12-31 | $651.96 Million | +24.46% |
| 2002-12-31 | $523.81 Million | +26.33% |
| 2001-12-31 | $414.62 Million | +14.61% |
| 2000-12-31 | $361.78 Million | +18.20% |
| 1999-12-31 | $306.07 Million | +40.92% |
| 1998-12-31 | $217.20 Million | +26.39% |
| 1997-12-31 | $171.85 Million | +22.74% |
| 1996-12-31 | $140.01 Million | +19.50% |
| 1995-12-31 | $117.16 Million | +10.01% |
| 1994-12-31 | $106.50 Million | +21.58% |
| 1993-12-31 | $87.60 Million | +10.89% |
| 1992-12-31 | $79.00 Million | +18.98% |
| 1991-12-31 | $66.40 Million | +20.73% |
| 1990-12-31 | $55.00 Million | +23.60% |
| 1989-12-31 | $44.50 Million | +28.24% |
| 1988-12-31 | $34.70 Million | +27.57% |
| 1987-12-31 | $27.20 Million | +38.78% |
| 1986-12-31 | $19.60 Million | +76.58% |
| 1985-12-31 | $11.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Expeditors International of Washington, Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 38870.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.46 Billion | 110.44% |
| Common Stock | $1.38 Million | 0.06% |
| Other Comprehensive Income | $-233.50 Million | -10.50% |
| Total Equity | $2.22 Billion | 100.00% |
Expeditors International of Washington, Inc. Competitors by Market Cap
The table below lists competitors of Expeditors International of Washington, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hana Financial
KO:086790
|
$19.46 Billion |
|
Suzhou Dongshan Precision Manufacturing Co Ltd
SHE:002384
|
$19.47 Billion |
|
Vonovia SE
PINK:VNNVF
|
$19.51 Billion |
|
EXACT Sciences Corporation
NASDAQ:EXAS
|
$19.57 Billion |
|
Epiroc AB (publ)
PINK:EPIAF
|
$19.40 Billion |
|
Kraft Heinz Co
NASDAQ:KHC
|
$19.36 Billion |
|
Wanhua Chemical Group Co Ltd
SHG:600309
|
$19.35 Billion |
|
Credo Technology Group Holding Ltd
NASDAQ:CRDO
|
$19.34 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Expeditors International of Washington, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,390,350,000 to 2,223,012,000, a change of -167,338,000 (-7.0%).
- Net income of 810,073,000 contributed positively to equity growth.
- Dividend payments of 204,087,000 reduced retained earnings.
- Share repurchases of 855,061,000 reduced equity.
- New share issuances of 69,257,000 increased equity.
- Other comprehensive income decreased equity by 41,443,000.
- Other factors increased equity by 53,923,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $810.07 Million | +36.44% |
| Dividends Paid | $204.09 Million | -9.18% |
| Share Repurchases | $855.06 Million | -38.46% |
| Share Issuances | $69.26 Million | +3.12% |
| Other Comprehensive Income | $-41.44 Million | -1.86% |
| Other Changes | $53.92 Million | +2.43% |
| Total Change | $- | -7.00% |
Book Value vs Market Value Analysis
This analysis compares Expeditors International of Washington, Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 9.66x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 1974.62x to 9.66x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $0.08 | $151.47 | x |
| 1986-12-31 | $0.11 | $151.47 | x |
| 1987-12-31 | $0.15 | $151.47 | x |
| 1988-12-31 | $0.19 | $151.47 | x |
| 1989-12-31 | $0.24 | $151.47 | x |
| 1990-12-31 | $0.30 | $151.47 | x |
| 1991-12-31 | $0.36 | $151.47 | x |
| 1992-12-31 | $0.42 | $151.47 | x |
| 1993-12-31 | $0.46 | $151.47 | x |
| 1994-12-31 | $0.53 | $151.47 | x |
| 1995-12-31 | $0.61 | $151.47 | x |
| 1996-12-31 | $0.68 | $151.47 | x |
| 1997-12-31 | $0.87 | $151.47 | x |
| 1998-12-31 | $1.02 | $151.47 | x |
| 1999-12-31 | $1.31 | $151.47 | x |
| 2000-12-31 | $0.41 | $151.47 | x |
| 2001-12-31 | $1.89 | $151.47 | x |
| 2002-12-31 | $2.45 | $151.47 | x |
| 2003-12-31 | $2.99 | $151.47 | x |
| 2004-12-31 | $3.67 | $151.47 | x |
| 2005-12-31 | $4.15 | $151.47 | x |
| 2006-12-31 | $4.81 | $151.47 | x |
| 2007-12-31 | $5.53 | $151.47 | x |
| 2008-12-31 | $6.23 | $151.47 | x |
| 2009-12-31 | $7.17 | $151.47 | x |
| 2010-12-31 | $8.04 | $151.47 | x |
| 2011-12-31 | $9.32 | $151.47 | x |
| 2012-12-31 | $9.57 | $151.47 | x |
| 2013-12-31 | $10.08 | $151.47 | x |
| 2014-12-31 | $9.50 | $151.47 | x |
| 2015-12-31 | $8.89 | $151.47 | x |
| 2016-12-31 | $10.10 | $151.47 | x |
| 2017-12-31 | $10.96 | $151.47 | x |
| 2018-12-31 | $11.17 | $151.47 | x |
| 2019-12-31 | $12.60 | $151.47 | x |
| 2020-12-31 | $15.56 | $151.47 | x |
| 2021-12-31 | $20.41 | $151.47 | x |
| 2022-12-31 | $18.91 | $151.47 | x |
| 2023-12-31 | $15.92 | $151.47 | x |
| 2024-12-31 | $15.69 | $151.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Expeditors International of Washington, Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 36.44%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.64%
- • Asset Turnover: 2.23x
- • Equity Multiplier: 2.14x
- Recent ROE (36.44%) is above the historical average (22.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 26.13% | 4.39% | 3.06x | 1.95x | $1.79 Million |
| 1986 | 20.92% | 3.77% | 2.99x | 1.86x | $2.14 Million |
| 1987 | 21.32% | 3.95% | 3.27x | 1.65x | $3.08 Million |
| 1988 | 20.75% | 4.88% | 2.81x | 1.51x | $3.73 Million |
| 1989 | 20.90% | 4.80% | 2.98x | 1.46x | $4.85 Million |
| 1990 | 17.64% | 4.69% | 2.26x | 1.66x | $4.20 Million |
| 1991 | 15.36% | 4.02% | 2.38x | 1.61x | $3.56 Million |
| 1992 | 14.30% | 3.39% | 2.82x | 1.49x | $3.40 Million |
| 1993 | 11.64% | 2.82% | 2.49x | 1.65x | $1.44 Million |
| 1994 | 13.06% | 2.93% | 2.77x | 1.61x | $3.09 Million |
| 1995 | 14.85% | 2.98% | 2.86x | 1.74x | $5.68 Million |
| 1996 | 17.33% | 3.32% | 2.68x | 1.94x | $10.26 Million |
| 1997 | 22.60% | 4.03% | 2.77x | 2.03x | $21.41 Million |
| 1998 | 21.77% | 4.44% | 2.62x | 1.87x | $25.55 Million |
| 1999 | 20.96% | 4.10% | 2.70x | 1.90x | $30.94 Million |
| 2000 | 22.95% | 4.35% | 2.88x | 1.83x | $46.86 Million |
| 2001 | 23.45% | 5.16% | 2.74x | 1.66x | $55.78 Million |
| 2002 | 21.48% | 4.90% | 2.61x | 1.68x | $60.15 Million |
| 2003 | 15.33% | 3.77% | 2.51x | 1.62x | $34.42 Million |
| 2004 | 16.09% | 3.92% | 2.43x | 1.69x | $49.21 Million |
| 2005 | 20.84% | 4.88% | 2.49x | 1.71x | $99.06 Million |
| 2006 | 21.97% | 5.07% | 2.54x | 1.70x | $128.10 Million |
| 2007 | 21.94% | 5.14% | 2.53x | 1.69x | $146.50 Million |
| 2008 | 22.03% | 5.34% | 2.68x | 1.54x | $164.37 Million |
| 2009 | 15.47% | 5.87% | 1.76x | 1.50x | $84.92 Million |
| 2010 | 19.77% | 5.77% | 2.23x | 1.54x | $170.08 Million |
| 2011 | 19.25% | 6.26% | 2.15x | 1.43x | $185.32 Million |
| 2012 | 16.44% | 5.56% | 2.03x | 1.46x | $130.59 Million |
| 2013 | 16.72% | 5.73% | 2.02x | 1.45x | $140.05 Million |
| 2014 | 20.17% | 5.74% | 2.27x | 1.55x | $190.05 Million |
| 2015 | 27.02% | 6.91% | 2.58x | 1.52x | $288.02 Million |
| 2016 | 23.35% | 7.06% | 2.18x | 1.51x | $246.34 Million |
| 2017 | 24.57% | 7.07% | 2.22x | 1.56x | $290.16 Million |
| 2018 | 31.11% | 7.60% | 2.46x | 1.67x | $419.52 Million |
| 2019 | 26.90% | 7.43% | 2.15x | 1.68x | $370.89 Million |
| 2020 | 26.17% | 7.26% | 1.95x | 1.85x | $430.18 Million |
| 2021 | 40.51% | 8.57% | 2.17x | 2.18x | $1.07 Billion |
| 2022 | 43.65% | 7.95% | 3.05x | 1.80x | $1.05 Billion |
| 2023 | 31.50% | 8.10% | 2.06x | 1.89x | $513.85 Million |
| 2024 | 36.44% | 7.64% | 2.23x | 2.14x | $587.77 Million |
Industry Comparison
This section compares Expeditors International of Washington, Inc.'s net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $233,854,015
- Average return on equity (ROE) among peers: 8.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Expeditors International of Washington, Inc. (EXPD) | $2.28 Billion | 26.13% | 1.09x | $19.44 Billion |
| Andlauer Healthcare Group Inc (ANDHF) | $146.76 Million | 13.05% | 0.75x | $469.38 Million |
| Aqua Power Systems Inc (APSI) | $-106.64K | 0.00% | 0.00x | $383.65K |
| A-Sonic Aerospace Limited (ASNCF) | $45.77 Million | 2.15% | 0.91x | $7.03 Million |
| Addentax Group Corp (ATXG) | $3.16K | 5.06% | 2.57x | $2.92 Million |
| bpost SA/NV (BPOSF) | $682.60 Million | 22.59% | 4.53x | $472.00 Million |
| Armlogi Holding Corp. Common Stock (BTOC) | $39.24 Million | 18.96% | 3.26x | $4.17 Million |
| Compañía de Distribución Integral Logista Holdings S.A (CDNIF) | $416.56 Million | 22.05% | 8.13x | $1.70 Billion |
| Cargojet Inc (CGJTF) | $67.97 Million | 12.01% | 0.98x | $791.09 Million |
| CH Robinson Worldwide Inc (CHRW) | $939.72 Million | 44.26% | 1.98x | $20.09 Billion |
| Tianci International, Inc. Common Stock (CIIT) | $18.76K | -53.32% | 1.09x | $14.82 Million |