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Side-by-side financial comparison of Expeditors International (EXPD) and Fresenius Medical Care AG (FMS). Click either name above to swap in a different company.

Fresenius Medical Care AG is the larger business by last-quarter revenue ($5.5B vs $2.9B, roughly 1.9× Expeditors International). Fresenius Medical Care AG runs the higher net margin — 7.9% vs 7.0%, a 0.9% gap on every dollar of revenue. On growth, Fresenius Medical Care AG posted the faster year-over-year revenue change (-0.3% vs -3.3%).

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.

Fresenius Medical Care AG & Co. KGaA is a German healthcare company which provides kidney dialysis services through a network of 4,171 outpatient dialysis centers, serving 345,425 patients. The company primarily treats end-stage renal disease (ESRD), which requires patients to undergo dialysis 3 times per week for the rest of their lives.

EXPD vs FMS — Head-to-Head

Bigger by revenue
FMS
FMS
1.9× larger
FMS
$5.5B
$2.9B
EXPD
Growing faster (revenue YoY)
FMS
FMS
+3.0% gap
FMS
-0.3%
-3.3%
EXPD
Higher net margin
FMS
FMS
0.9% more per $
FMS
7.9%
7.0%
EXPD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EXPD
EXPD
FMS
FMS
Revenue
$2.9B
$5.5B
Net Profit
$200.7M
$434.2M
Gross Margin
27.4%
Operating Margin
8.8%
11.7%
Net Margin
7.0%
7.9%
Revenue YoY
-3.3%
-0.3%
Net Profit YoY
-14.9%
240.4%
EPS (diluted)
$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
EXPD
EXPD
FMS
FMS
Q4 25
$2.9B
$5.5B
Q3 25
$2.9B
Q2 25
$2.7B
Q1 25
$2.7B
Q4 24
$3.0B
$5.5B
Q3 24
$3.0B
Q2 24
$2.4B
Q1 24
$2.2B
Net Profit
EXPD
EXPD
FMS
FMS
Q4 25
$200.7M
$434.2M
Q3 25
$222.3M
Q2 25
$183.6M
Q1 25
$203.8M
Q4 24
$235.9M
$127.6M
Q3 24
$229.6M
Q2 24
$175.5M
Q1 24
$169.2M
Gross Margin
EXPD
EXPD
FMS
FMS
Q4 25
27.4%
Q3 25
Q2 25
Q1 25
Q4 24
25.0%
Q3 24
Q2 24
Q1 24
Operating Margin
EXPD
EXPD
FMS
FMS
Q4 25
8.8%
11.7%
Q3 25
10.0%
Q2 25
9.3%
Q1 25
10.0%
Q4 24
10.2%
5.1%
Q3 24
10.1%
Q2 24
9.2%
Q1 24
9.7%
Net Margin
EXPD
EXPD
FMS
FMS
Q4 25
7.0%
7.9%
Q3 25
7.7%
Q2 25
6.9%
Q1 25
7.6%
Q4 24
8.0%
2.3%
Q3 24
7.7%
Q2 24
7.2%
Q1 24
7.7%
EPS (diluted)
EXPD
EXPD
FMS
FMS
Q4 25
$1.50
Q3 25
$1.64
Q2 25
$1.34
Q1 25
$1.47
Q4 24
$1.68
Q3 24
$1.63
Q2 24
$1.24
Q1 24
$1.17

Balance Sheet & Financial Strength

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

Metric
EXPD
EXPD
FMS
FMS
Cash + ST InvestmentsLiquidity on hand
$1.3B
$1.7B
Total DebtLower is stronger
Stockholders' EquityBook value
$2.4B
$15.4B
Total Assets
$4.9B
$33.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EXPD
EXPD
FMS
FMS
Q4 25
$1.3B
$1.7B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.3B
Q4 24
$1.1B
$1.3B
Q3 24
$1.3B
Q2 24
$1.3B
Q1 24
$1.4B
Stockholders' Equity
EXPD
EXPD
FMS
FMS
Q4 25
$2.4B
$15.4B
Q3 25
$2.3B
Q2 25
$2.2B
Q1 25
$2.3B
Q4 24
$2.2B
$17.0B
Q3 24
$2.4B
Q2 24
$2.2B
Q1 24
$2.2B
Total Assets
EXPD
EXPD
FMS
FMS
Q4 25
$4.9B
$33.5B
Q3 25
$4.8B
Q2 25
$4.8B
Q1 25
$4.8B
Q4 24
$4.8B
$36.3B
Q3 24
$5.2B
Q2 24
$4.8B
Q1 24
$4.5B

Cash Flow & Capital Efficiency

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

Metric
EXPD
EXPD
FMS
FMS
Operating Cash FlowLast quarter
$283.3M
$2.9B
Free Cash FlowOCF − Capex
$270.3M
FCF MarginFCF / Revenue
9.5%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
1.41×
6.67×
TTM Free Cash FlowTrailing 4 quarters
$953.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EXPD
EXPD
FMS
FMS
Q4 25
$283.3M
$2.9B
Q3 25
$201.4M
Q2 25
$179.2M
Q1 25
$342.6M
Q4 24
$249.7M
$2.6B
Q3 24
$90.0M
Q2 24
$126.8M
Q1 24
$256.9M
Free Cash Flow
EXPD
EXPD
FMS
FMS
Q4 25
$270.3M
Q3 25
$190.3M
Q2 25
$163.3M
Q1 25
$329.5M
Q4 24
$239.7M
Q3 24
$77.7M
Q2 24
$118.8M
Q1 24
$246.7M
FCF Margin
EXPD
EXPD
FMS
FMS
Q4 25
9.5%
Q3 25
6.6%
Q2 25
6.2%
Q1 25
12.4%
Q4 24
8.1%
Q3 24
2.6%
Q2 24
4.9%
Q1 24
11.2%
Capex Intensity
EXPD
EXPD
FMS
FMS
Q4 25
0.5%
Q3 25
0.4%
Q2 25
0.6%
Q1 25
0.5%
Q4 24
0.3%
Q3 24
0.4%
Q2 24
0.3%
Q1 24
0.5%
Cash Conversion
EXPD
EXPD
FMS
FMS
Q4 25
1.41×
6.67×
Q3 25
0.91×
Q2 25
0.98×
Q1 25
1.68×
Q4 24
1.06×
20.20×
Q3 24
0.39×
Q2 24
0.72×
Q1 24
1.52×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EXPD
EXPD

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

FMS
FMS

Segment breakdown not available.

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