vs
Side-by-side financial comparison of Expeditors International (EXPD) and MARKEL GROUP INC. (MKL). Click either name above to swap in a different company.
MARKEL GROUP INC. is the larger business by last-quarter revenue ($3.6B vs $2.9B, roughly 1.3× Expeditors International). MARKEL GROUP INC. runs the higher net margin — 16.1% vs 7.0%, a 9.1% gap on every dollar of revenue. On growth, Expeditors International posted the faster year-over-year revenue change (-3.3% vs -6.9%). MARKEL GROUP INC. produced more free cash flow last quarter ($599.1M vs $270.3M). Over the past eight quarters, Expeditors International's revenue compounded faster (13.8% CAGR vs -10.5%).
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.
MARKEL GROUP INC.MKLEarnings & Financial Report
Markel Group Inc. is a group of companies headquartered in Richmond, Virginia, and originally founded in 1930 as an insurance company.
EXPD vs MKL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.9B | $3.6B |
| Net Profit | $200.7M | $576.8M |
| Gross Margin | — | — |
| Operating Margin | 8.8% | 22.2% |
| Net Margin | 7.0% | 16.1% |
| Revenue YoY | -3.3% | -6.9% |
| Net Profit YoY | -14.9% | 5.0% |
| EPS (diluted) | $1.50 | $48.22 |
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 | $3.6B | ||
| Q3 25 | $2.9B | $3.9B | ||
| Q2 25 | $2.7B | $4.6B | ||
| Q1 25 | $2.7B | $3.4B | ||
| Q4 24 | $3.0B | $3.8B | ||
| Q3 24 | $3.0B | $4.6B | ||
| Q2 24 | $2.4B | $3.7B | ||
| Q1 24 | $2.2B | $4.5B |
| Q4 25 | $200.7M | $576.8M | ||
| Q3 25 | $222.3M | $751.3M | ||
| Q2 25 | $183.6M | $657.1M | ||
| Q1 25 | $203.8M | $121.7M | ||
| Q4 24 | $235.9M | $549.2M | ||
| Q3 24 | $229.6M | $905.0M | ||
| Q2 24 | $175.5M | $267.7M | ||
| Q1 24 | $169.2M | $1.0B |
| Q4 25 | 8.8% | 22.2% | ||
| Q3 25 | 10.0% | 25.7% | ||
| Q2 25 | 9.3% | 24.1% | ||
| Q1 25 | 10.0% | 8.3% | ||
| Q4 24 | 10.2% | 15.5% | ||
| Q3 24 | 10.1% | 29.7% | ||
| Q2 24 | 9.2% | 11.1% | ||
| Q1 24 | 9.7% | 29.9% |
| Q4 25 | 7.0% | 16.1% | ||
| Q3 25 | 7.7% | 19.1% | ||
| Q2 25 | 6.9% | 14.3% | ||
| Q1 25 | 7.6% | 3.6% | ||
| Q4 24 | 8.0% | 14.3% | ||
| Q3 24 | 7.7% | 19.6% | ||
| Q2 24 | 7.2% | 7.2% | ||
| Q1 24 | 7.7% | 23.0% |
| Q4 25 | $1.50 | $48.22 | ||
| Q3 25 | $1.64 | $59.25 | ||
| Q2 25 | $1.34 | $49.67 | ||
| Q1 25 | $1.47 | $12.08 | ||
| Q4 24 | $1.68 | $39.02 | ||
| Q3 24 | $1.63 | $66.25 | ||
| Q2 24 | $1.24 | $18.62 | ||
| Q1 24 | $1.17 | $75.43 |
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 | $4.0B |
| Total DebtLower is stronger | — | $4.3B |
| Stockholders' EquityBook value | $2.4B | $18.6B |
| Total Assets | $4.9B | $68.9B |
| Debt / EquityLower = less leverage | — | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $4.0B | ||
| Q3 25 | $1.2B | $4.0B | ||
| Q2 25 | $1.2B | $3.7B | ||
| Q1 25 | $1.3B | $4.2B | ||
| Q4 24 | $1.1B | $3.7B | ||
| Q3 24 | $1.3B | $3.9B | ||
| Q2 24 | $1.3B | $3.5B | ||
| Q1 24 | $1.4B | $3.6B |
| Q4 25 | — | $4.3B | ||
| Q3 25 | — | $4.3B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.4B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | — | $4.4B | ||
| Q2 24 | — | $4.4B | ||
| Q1 24 | — | $3.9B |
| Q4 25 | $2.4B | $18.6B | ||
| Q3 25 | $2.3B | $18.0B | ||
| Q2 25 | $2.2B | $17.3B | ||
| Q1 25 | $2.3B | $17.1B | ||
| Q4 24 | $2.2B | $16.9B | ||
| Q3 24 | $2.4B | $17.0B | ||
| Q2 24 | $2.2B | $15.9B | ||
| Q1 24 | $2.2B | $15.7B |
| Q4 25 | $4.9B | $68.9B | ||
| Q3 25 | $4.8B | $67.4B | ||
| Q2 25 | $4.8B | $66.8B | ||
| Q1 25 | $4.8B | $64.6B | ||
| Q4 24 | $4.8B | $61.9B | ||
| Q3 24 | $5.2B | $62.3B | ||
| Q2 24 | $4.8B | $59.7B | ||
| Q1 24 | $4.5B | $57.3B |
| Q4 25 | — | 0.23× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.26× | ||
| Q2 24 | — | 0.28× | ||
| Q1 24 | — | 0.25× |
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 | $662.2M |
| Free Cash FlowOCF − Capex | $270.3M | $599.1M |
| FCF MarginFCF / Revenue | 9.5% | 16.7% |
| Capex IntensityCapex / Revenue | 0.5% | 1.8% |
| Cash ConversionOCF / Net Profit | 1.41× | 1.15× |
| TTM Free Cash FlowTrailing 4 quarters | $953.4M | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $283.3M | $662.2M | ||
| Q3 25 | $201.4M | $1.2B | ||
| Q2 25 | $179.2M | $504.4M | ||
| Q1 25 | $342.6M | $376.2M | ||
| Q4 24 | $249.7M | $493.9M | ||
| Q3 24 | $90.0M | $890.8M | ||
| Q2 24 | $126.8M | $578.6M | ||
| Q1 24 | $256.9M | $630.7M |
| Q4 25 | $270.3M | $599.1M | ||
| Q3 25 | $190.3M | $1.2B | ||
| Q2 25 | $163.3M | $453.8M | ||
| Q1 25 | $329.5M | $335.5M | ||
| Q4 24 | $239.7M | $420.0M | ||
| Q3 24 | $77.7M | $838.9M | ||
| Q2 24 | $118.8M | $521.4M | ||
| Q1 24 | $246.7M | $558.7M |
| Q4 25 | 9.5% | 16.7% | ||
| Q3 25 | 6.6% | 29.6% | ||
| Q2 25 | 6.2% | 9.9% | ||
| Q1 25 | 12.4% | 9.9% | ||
| Q4 24 | 8.1% | 10.9% | ||
| Q3 24 | 2.6% | 18.2% | ||
| Q2 24 | 4.9% | 14.1% | ||
| Q1 24 | 11.2% | 12.5% |
| Q4 25 | 0.5% | 1.8% | ||
| Q3 25 | 0.4% | 1.3% | ||
| Q2 25 | 0.6% | 1.1% | ||
| Q1 25 | 0.5% | 1.2% | ||
| Q4 24 | 0.3% | 1.9% | ||
| Q3 24 | 0.4% | 1.1% | ||
| Q2 24 | 0.3% | 1.5% | ||
| Q1 24 | 0.5% | 1.6% |
| Q4 25 | 1.41× | 1.15× | ||
| Q3 25 | 0.91× | 1.62× | ||
| Q2 25 | 0.98× | 0.77× | ||
| Q1 25 | 1.68× | 3.09× | ||
| Q4 24 | 1.06× | 0.90× | ||
| Q3 24 | 0.39× | 0.98× | ||
| Q2 24 | 0.72× | 2.16× | ||
| Q1 24 | 1.52× | 0.62× |
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% |
MKL
| Industrial | $1.6B | 45% |
| Consumer And Other | $958.3M | 27% |
| Financial | $737.0M | 21% |
| Other | $198.8M | 6% |
| Corporate Operations | $52.0M | 1% |
| Revenue From Contract With Customer | $10.5M | 0% |
