Expeditors International of Was — Earnings Quality Grade A
EXPD · Industrials
Strong financial health
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 67 days, change -2 days YoY
AR growth 1.2% vs revenue growth 4.4%
Revenue 4.4%, CFFO 39.1%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 31.2% is >2x revenue growth 4.4%
SG&A/Gross Profit = 2.8%, excellent (<30%)
Gross margin 12.9%, change +0.2pp. Stable
Cash Flow Quality
CFFO/NI = 1.24. Profits backed by cash
FCF $1.0B, FCF/NI = 1.18
Accruals ratio = -4.0%. Low accruals
Cash $1.3B covers debt $0.6B
Balance Sheet Health
Goodwill+Intangibles $0.0B = 0% of equity. Manageable
Debt/EBITDA = 0.5x. Healthy
Other assets 7.4% vs revenue 4.4%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 0% YoY. Normal
Manipulation Score
M-Score = -2.55 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-09