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Side-by-side financial comparison of Biogen (BIIB) and Expeditors International (EXPD). Click either name above to swap in a different company.

Expeditors International is the larger business by last-quarter revenue ($2.9B vs $2.3B, roughly 1.3× Biogen). Expeditors International runs the higher net margin — 7.0% vs -2.1%, a 9.2% gap on every dollar of revenue. On growth, Expeditors International posted the faster year-over-year revenue change (-3.3% vs -7.1%). Biogen produced more free cash flow last quarter ($468.0M vs $270.3M). Over the past eight quarters, Expeditors International's revenue compounded faster (13.8% CAGR vs -0.2%).

Biogen Inc. is an American multinational biotechnology company based in Cambridge, Massachusetts, United States specializing in the treatment of neurological diseases. The company's primary products are dimethyl fumarate (Tecfidera), diroximel fumarate (Vumerity), interferon beta-1a (AVONEX), peginterferon beta-1a (Plegridy), and natalizumab (Tysabri), all for the treatment of multiple sclerosis ; nusinersen (Spinraza) for the treatment of spinal muscular atrophy ; omaveloxolone (Skyclarys) for ...

Expeditors International of Washington, Inc. is an American Fortune 500 service-based logistics company with headquarters in Bellevue, Washington. Expeditors generates highly optimized and customized supply chain solutions for clients with unified technology systems integrated through a global network of over 340+ locations in 100+ countries on six continents.

BIIB vs EXPD — Head-to-Head

Bigger by revenue
EXPD
EXPD
1.3× larger
EXPD
$2.9B
$2.3B
BIIB
Growing faster (revenue YoY)
EXPD
EXPD
+3.8% gap
EXPD
-3.3%
-7.1%
BIIB
Higher net margin
EXPD
EXPD
9.2% more per $
EXPD
7.0%
-2.1%
BIIB
More free cash flow
BIIB
BIIB
$197.7M more FCF
BIIB
$468.0M
$270.3M
EXPD
Faster 2-yr revenue CAGR
EXPD
EXPD
Annualised
EXPD
13.8%
-0.2%
BIIB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BIIB
BIIB
EXPD
EXPD
Revenue
$2.3B
$2.9B
Net Profit
$-48.9M
$200.7M
Gross Margin
78.3%
Operating Margin
-2.5%
8.8%
Net Margin
-2.1%
7.0%
Revenue YoY
-7.1%
-3.3%
Net Profit YoY
-118.3%
-14.9%
EPS (diluted)
$-0.35
$1.50

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BIIB
BIIB
EXPD
EXPD
Q4 25
$2.3B
$2.9B
Q3 25
$2.5B
$2.9B
Q2 25
$2.6B
$2.7B
Q1 25
$2.4B
$2.7B
Q4 24
$2.5B
$3.0B
Q3 24
$2.5B
$3.0B
Q2 24
$2.5B
$2.4B
Q1 24
$2.3B
$2.2B
Net Profit
BIIB
BIIB
EXPD
EXPD
Q4 25
$-48.9M
$200.7M
Q3 25
$466.5M
$222.3M
Q2 25
$634.8M
$183.6M
Q1 25
$240.5M
$203.8M
Q4 24
$266.7M
$235.9M
Q3 24
$388.5M
$229.6M
Q2 24
$583.6M
$175.5M
Q1 24
$393.4M
$169.2M
Gross Margin
BIIB
BIIB
EXPD
EXPD
Q4 25
78.3%
Q3 25
73.4%
Q2 25
77.1%
Q1 25
74.1%
Q4 24
76.2%
Q3 24
74.1%
Q2 24
77.8%
Q1 24
76.3%
Operating Margin
BIIB
BIIB
EXPD
EXPD
Q4 25
-2.5%
8.8%
Q3 25
22.0%
10.0%
Q2 25
28.1%
9.3%
Q1 25
12.8%
10.0%
Q4 24
11.9%
10.2%
Q3 24
18.3%
10.1%
Q2 24
28.3%
9.2%
Q1 24
20.3%
9.7%
Net Margin
BIIB
BIIB
EXPD
EXPD
Q4 25
-2.1%
7.0%
Q3 25
18.4%
7.7%
Q2 25
24.0%
6.9%
Q1 25
9.9%
7.6%
Q4 24
10.9%
8.0%
Q3 24
15.8%
7.7%
Q2 24
23.7%
7.2%
Q1 24
17.2%
7.7%
EPS (diluted)
BIIB
BIIB
EXPD
EXPD
Q4 25
$-0.35
$1.50
Q3 25
$3.17
$1.64
Q2 25
$4.33
$1.34
Q1 25
$1.64
$1.47
Q4 24
$1.82
$1.68
Q3 24
$2.66
$1.63
Q2 24
$4.00
$1.24
Q1 24
$2.70
$1.17

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BIIB
BIIB
EXPD
EXPD
Cash + ST InvestmentsLiquidity on hand
$1.3B
Total DebtLower is stronger
$6.3B
Stockholders' EquityBook value
$18.3B
$2.4B
Total Assets
$29.4B
$4.9B
Debt / EquityLower = less leverage
0.34×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIIB
BIIB
EXPD
EXPD
Q4 25
$1.3B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.3B
Q4 24
$1.1B
Q3 24
$1.3B
Q2 24
$1.3B
Q1 24
$1.4B
Total Debt
BIIB
BIIB
EXPD
EXPD
Q4 25
$6.3B
Q3 25
$6.3B
Q2 25
$6.3B
Q1 25
$4.5B
Q4 24
$6.3B
Q3 24
$4.5B
Q2 24
$6.3B
Q1 24
$6.3B
Stockholders' Equity
BIIB
BIIB
EXPD
EXPD
Q4 25
$18.3B
$2.4B
Q3 25
$18.2B
$2.3B
Q2 25
$17.6B
$2.2B
Q1 25
$17.0B
$2.3B
Q4 24
$16.7B
$2.2B
Q3 24
$16.4B
$2.4B
Q2 24
$15.9B
$2.2B
Q1 24
$15.2B
$2.2B
Total Assets
BIIB
BIIB
EXPD
EXPD
Q4 25
$29.4B
$4.9B
Q3 25
$29.2B
$4.8B
Q2 25
$28.3B
$4.8B
Q1 25
$28.0B
$4.8B
Q4 24
$28.0B
$4.8B
Q3 24
$28.3B
$5.2B
Q2 24
$26.8B
$4.8B
Q1 24
$26.6B
$4.5B
Debt / Equity
BIIB
BIIB
EXPD
EXPD
Q4 25
0.34×
Q3 25
0.35×
Q2 25
0.36×
Q1 25
0.27×
Q4 24
0.38×
Q3 24
0.28×
Q2 24
0.40×
Q1 24
0.41×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BIIB
BIIB
EXPD
EXPD
Operating Cash FlowLast quarter
$511.9M
$283.3M
Free Cash FlowOCF − Capex
$468.0M
$270.3M
FCF MarginFCF / Revenue
20.5%
9.5%
Capex IntensityCapex / Revenue
1.9%
0.5%
Cash ConversionOCF / Net Profit
1.41×
TTM Free Cash FlowTrailing 4 quarters
$2.1B
$953.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIIB
BIIB
EXPD
EXPD
Q4 25
$511.9M
$283.3M
Q3 25
$1.3B
$201.4M
Q2 25
$160.9M
$179.2M
Q1 25
$259.3M
$342.6M
Q4 24
$760.9M
$249.7M
Q3 24
$935.6M
$90.0M
Q2 24
$625.8M
$126.8M
Q1 24
$553.2M
$256.9M
Free Cash Flow
BIIB
BIIB
EXPD
EXPD
Q4 25
$468.0M
$270.3M
Q3 25
$1.2B
$190.3M
Q2 25
$134.3M
$163.3M
Q1 25
$222.2M
$329.5M
Q4 24
$721.6M
$239.7M
Q3 24
$900.6M
$77.7M
Q2 24
$592.3M
$118.8M
Q1 24
$507.3M
$246.7M
FCF Margin
BIIB
BIIB
EXPD
EXPD
Q4 25
20.5%
9.5%
Q3 25
48.4%
6.6%
Q2 25
5.1%
6.2%
Q1 25
9.1%
12.4%
Q4 24
29.4%
8.1%
Q3 24
36.5%
2.6%
Q2 24
24.0%
4.9%
Q1 24
22.1%
11.2%
Capex Intensity
BIIB
BIIB
EXPD
EXPD
Q4 25
1.9%
0.5%
Q3 25
1.8%
0.4%
Q2 25
1.0%
0.6%
Q1 25
1.5%
0.5%
Q4 24
1.6%
0.3%
Q3 24
1.4%
0.4%
Q2 24
1.4%
0.3%
Q1 24
2.0%
0.5%
Cash Conversion
BIIB
BIIB
EXPD
EXPD
Q4 25
1.41×
Q3 25
2.73×
0.91×
Q2 25
0.25×
0.98×
Q1 25
1.08×
1.68×
Q4 24
2.85×
1.06×
Q3 24
2.41×
0.39×
Q2 24
1.07×
0.72×
Q1 24
1.41×
1.52×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BIIB
BIIB

Products$1.7B73%
Tysabri Product$244.5M11%
AVONEX$119.2M5%
SKYCLARYS$88.9M4%
Alzheimers Collaboration$47.1M2%
IMRALDI$43.5M2%
TECFIDERA$36.9M2%
PLEGRIDY$24.7M1%
QALSODY$7.8M0%
BYOOVIZ$4.3M0%

EXPD
EXPD

Customs Brokerage And Other Services$1.1B40%
Airfreight Services$1.1B39%
Ocean Freight And Ocean Services$611.4M21%

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