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Side-by-side financial comparison of Expeditors International (EXPD) and IQVIA (IQV). Click either name above to swap in a different company.
IQVIA is the larger business by last-quarter revenue ($4.4B vs $2.9B, roughly 1.5× Expeditors International). IQVIA runs the higher net margin — 11.8% vs 7.0%, a 4.8% gap on every dollar of revenue. On growth, IQVIA posted the faster year-over-year revenue change (10.3% vs -3.3%). IQVIA produced more free cash flow last quarter ($561.0M vs $270.3M). Over the past eight quarters, Expeditors International's revenue compounded faster (13.8% CAGR vs 8.1%).
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.
IQVIA Holdings, Inc., headquartered in Durham, North Carolina, is an American company focused on health information technology and clinical research.
EXPD vs IQV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.9B | $4.4B |
| Net Profit | $200.7M | $514.0M |
| Gross Margin | — | — |
| Operating Margin | 8.8% | 14.4% |
| Net Margin | 7.0% | 11.8% |
| Revenue YoY | -3.3% | 10.3% |
| Net Profit YoY | -14.9% | 17.6% |
| EPS (diluted) | $1.50 | $2.97 |
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.
| Q4 25 | $2.9B | $4.4B | ||
| Q3 25 | $2.9B | $4.1B | ||
| Q2 25 | $2.7B | $4.0B | ||
| Q1 25 | $2.7B | $3.8B | ||
| Q4 24 | $3.0B | $4.0B | ||
| Q3 24 | $3.0B | $3.9B | ||
| Q2 24 | $2.4B | $3.8B | ||
| Q1 24 | $2.2B | $3.7B |
| Q4 25 | $200.7M | $514.0M | ||
| Q3 25 | $222.3M | $331.0M | ||
| Q2 25 | $183.6M | $266.0M | ||
| Q1 25 | $203.8M | $249.0M | ||
| Q4 24 | $235.9M | $437.0M | ||
| Q3 24 | $229.6M | $285.0M | ||
| Q2 24 | $175.5M | $363.0M | ||
| Q1 24 | $169.2M | $288.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.5% | ||
| Q2 24 | — | 22.6% | ||
| Q1 24 | — | 22.1% |
| Q4 25 | 8.8% | 14.4% | ||
| Q3 25 | 10.0% | 13.5% | ||
| Q2 25 | 9.3% | 12.6% | ||
| Q1 25 | 10.0% | 13.0% | ||
| Q4 24 | 10.2% | 15.8% | ||
| Q3 24 | 10.1% | 14.1% | ||
| Q2 24 | 9.2% | 13.6% | ||
| Q1 24 | 9.7% | 13.5% |
| Q4 25 | 7.0% | 11.8% | ||
| Q3 25 | 7.7% | 8.1% | ||
| Q2 25 | 6.9% | 6.6% | ||
| Q1 25 | 7.6% | 6.5% | ||
| Q4 24 | 8.0% | 11.0% | ||
| Q3 24 | 7.7% | 7.3% | ||
| Q2 24 | 7.2% | 9.5% | ||
| Q1 24 | 7.7% | 7.7% |
| Q4 25 | $1.50 | $2.97 | ||
| Q3 25 | $1.64 | $1.93 | ||
| Q2 25 | $1.34 | $1.54 | ||
| Q1 25 | $1.47 | $1.40 | ||
| Q4 24 | $1.68 | $2.41 | ||
| Q3 24 | $1.63 | $1.55 | ||
| Q2 24 | $1.24 | $1.97 | ||
| Q1 24 | $1.17 | $1.56 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.3B | $2.1B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.4B | $6.5B |
| Total Assets | $4.9B | $29.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $2.1B | ||
| Q3 25 | $1.2B | $2.0B | ||
| Q2 25 | $1.2B | $2.2B | ||
| Q1 25 | $1.3B | $1.9B | ||
| Q4 24 | $1.1B | $1.8B | ||
| Q3 24 | $1.3B | $1.7B | ||
| Q2 24 | $1.3B | $1.7B | ||
| Q1 24 | $1.4B | $1.6B |
| Q4 25 | $2.4B | $6.5B | ||
| Q3 25 | $2.3B | $6.2B | ||
| Q2 25 | $2.2B | $5.8B | ||
| Q1 25 | $2.3B | $6.0B | ||
| Q4 24 | $2.2B | $6.1B | ||
| Q3 24 | $2.4B | $7.0B | ||
| Q2 24 | $2.2B | $6.7B | ||
| Q1 24 | $2.2B | $6.3B |
| Q4 25 | $4.9B | $29.9B | ||
| Q3 25 | $4.8B | $28.7B | ||
| Q2 25 | $4.8B | $28.6B | ||
| Q1 25 | $4.8B | $27.3B | ||
| Q4 24 | $4.8B | $26.9B | ||
| Q3 24 | $5.2B | $27.2B | ||
| Q2 24 | $4.8B | $26.4B | ||
| Q1 24 | $4.5B | $26.6B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $283.3M | $735.0M |
| Free Cash FlowOCF − Capex | $270.3M | $561.0M |
| FCF MarginFCF / Revenue | 9.5% | 12.9% |
| Capex IntensityCapex / Revenue | 0.5% | 4.0% |
| Cash ConversionOCF / Net Profit | 1.41× | 1.43× |
| TTM Free Cash FlowTrailing 4 quarters | $953.4M | $2.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $283.3M | $735.0M | ||
| Q3 25 | $201.4M | $908.0M | ||
| Q2 25 | $179.2M | $443.0M | ||
| Q1 25 | $342.6M | $568.0M | ||
| Q4 24 | $249.7M | $885.0M | ||
| Q3 24 | $90.0M | $721.0M | ||
| Q2 24 | $126.8M | $588.0M | ||
| Q1 24 | $256.9M | $522.0M |
| Q4 25 | $270.3M | $561.0M | ||
| Q3 25 | $190.3M | $772.0M | ||
| Q2 25 | $163.3M | $292.0M | ||
| Q1 25 | $329.5M | $426.0M | ||
| Q4 24 | $239.7M | $721.0M | ||
| Q3 24 | $77.7M | $571.0M | ||
| Q2 24 | $118.8M | $445.0M | ||
| Q1 24 | $246.7M | $377.0M |
| Q4 25 | 9.5% | 12.9% | ||
| Q3 25 | 6.6% | 18.8% | ||
| Q2 25 | 6.2% | 7.3% | ||
| Q1 25 | 12.4% | 11.1% | ||
| Q4 24 | 8.1% | 18.2% | ||
| Q3 24 | 2.6% | 14.7% | ||
| Q2 24 | 4.9% | 11.7% | ||
| Q1 24 | 11.2% | 10.1% |
| Q4 25 | 0.5% | 4.0% | ||
| Q3 25 | 0.4% | 3.3% | ||
| Q2 25 | 0.6% | 3.8% | ||
| Q1 25 | 0.5% | 3.7% | ||
| Q4 24 | 0.3% | 4.1% | ||
| Q3 24 | 0.4% | 3.9% | ||
| Q2 24 | 0.3% | 3.7% | ||
| Q1 24 | 0.5% | 3.9% |
| Q4 25 | 1.41× | 1.43× | ||
| Q3 25 | 0.91× | 2.74× | ||
| Q2 25 | 0.98× | 1.67× | ||
| Q1 25 | 1.68× | 2.28× | ||
| Q4 24 | 1.06× | 2.03× | ||
| Q3 24 | 0.39× | 2.53× | ||
| Q2 24 | 0.72× | 1.62× | ||
| Q1 24 | 1.52× | 1.81× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EXPD
| Customs Brokerage And Other Services | $1.1B | 40% |
| Airfreight Services | $1.1B | 39% |
| Ocean Freight And Ocean Services | $611.4M | 21% |
IQV
Segment breakdown not available.
