July 27, 2026 a 12:46 pm
EXPD: Dividend Analysis - Expeditors International of Washington, Inc.
Expeditors International of Washington, Inc. has established a solid reputation within the logistics sector. With a market capitalization exceeding $22 billion, the company maintains a robust dividend history of 34 years without cuts. The dividend yield stands at approximately 0.99%, indicating a steady but modest income return for investors. With strong fundamentals, including a payout ratio well below 25%, EXPD presents itself as a stable income-generating asset for conservative dividend investors.
📊 Overview
The logistics giant operates within a sector known for its cyclical nature, yet EXPD has managed to maintain a resilient dividend strategy. Below is an overview of the core dividend metrics:
| Metric | Value |
|---|---|
| Sector | Logistics |
| Dividend Yield | 0.99% |
| Current Dividend per Share | 1.53 USD |
| Dividend History | 34 years |
| Last Cut or Suspension | None |
🗣️ Dividend History
Examining the company's dividend history reveals a pattern of consistent payments, which serves as an indicator of financial health and management commitment to return capital to shareholders. Such a record provides assurance of income reliability.
| Year | Dividend per Share (USD) |
|---|---|
| 2026 | 0.81 |
| 2025 | 1.54 |
| 2024 | 1.46 |
| 2023 | 1.38 |
| 2022 | 1.34 |
📈 Dividend Growth
Dividend growth is a critical aspect for evaluating a stock's potential in combating inflation and enhancing shareholder value. EXPD has demonstrated moderate growth, reflecting its steady profitability.
| Time | Growth |
|---|---|
| 3 years | 4.75% |
| 5 years | 8.17% |
The average dividend growth is 8.17% over 5 years. This shows moderate but steady dividend growth.
💸 Payout Ratio
A company's payout ratio signals its ability to sustain dividend payments. Expeditors maintains a prudent EPS payout ratio of 24.38% and a free cash flow payout ratio of 21.70%, indicating ample room to maneuver in challenging economic circumstances.
| Key figure | Ratio |
|---|---|
| EPS-based | 24.38% |
| Free cash flow-based | 21.70% |
The company's payout ratios are conservative, suggesting strong protection against future economic downturns while supporting potential for future dividend growth.
🤑 Cashflow & Capital Efficiency
The cash flow statement and capital allocation efficiency shed light on a company's operational success and its capability to generate shareholder returns.
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Free Cash Flow Yield | 5.34% | 4.37% | 4.71% |
| Earnings Yield | 3.97% | 5.19% | 4.02% |
| CAPEX to Operating Cash Flow | 3.73% | 5.59% | 5.28% |
| Stock-based Compensation to Revenue | 0.63% | 0.61% | 0.63% |
| Free Cash Flow / Operating Cash Flow Ratio | 96.27% | 94.41% | 94.72% |
The metrics indicate a healthy cash flow history and effective capital management, ensuring the ability to uphold robust operational efficiency and reward shareholders.
💪 Balance Sheet & Leverage Analysis
Expeditors' balance sheet reveals the company's financial robustness and risk profile through key leverage metrics.
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Debt-to-Equity | 22.08% | 25.59% | 24.22% |
| Debt-to-Assets | 11.67% | 11.97% | 11.66% |
| Debt-to-Capital | 18.08% | 20.38% | 19.50% |
| Net Debt to EBITDA | -0.906% | -0.501% | -0.646% |
| Current Ratio | 2.02 | 1.77 | 1.81 |
| Quick Ratio | 2.02 | 1.77 | 1.81 |
| Financial Leverage | 1.89 | 2.14 | 2.08 |
The leverage figures display a very manageable debt load, safeguarding the company's solvency, and securing financial stability even amidst market volatilities.
✨ Fundamental Strength & Profitability
Fundamental metrics highlight the firm's efficiency in generating profit from its assets and minimizing costs compared to revenues.
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Return on Equity | 31.50% | 36.44% | 34.55% |
| Return on Assets | 16.64% | 17.04% | 16.63% |
| Margins: Net | 8.10% | 7.64% | 7.35% |
| Margins: EBIT | 10.97% | 10.33% | 9.88% |
| Margins: EBITDA | 11.69% | 10.90% | 10.40% |
| Margins: Gross | 13.39% | 12.73% | 15.31% |
| Research & Development to Revenue | - | - | - |
These returns and margins illustrate Expeditors' strong profitability and operational efficiency, ensuring its capacity to sustain competitive pressures.
📉 Price Development
✅ Dividend Scoring System
| Criteria | Score | Visual |
|---|---|---|
| Dividend Yield | 3 | |
| Dividend Stability | 5 | |
| Dividend Growth | 4 | |
| Payout Ratio | 5 | |
| Financial Stability | 5 | |
| Dividend Continuity | 5 | |
| Cashflow Coverage | 4 | |
| Balance Sheet Quality | 5 |
Total Score: 36/40
⚠️ Rating
Expeditors International boasts an impressive balance of reliable dividends and robust financial metrics, making it a strong candidate for dividend-focused portfolios. Its disciplined financial strategy and consistent growth lend support to long-term investor confidence.
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