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Side-by-side financial comparison of Expeditors International (EXPD) and Solventum (SOLV). Click either name above to swap in a different company.
Expeditors International is the larger business by last-quarter revenue ($2.9B vs $2.0B, roughly 1.4× Solventum). Expeditors International runs the higher net margin — 7.0% vs 3.2%, a 3.9% gap on every dollar of revenue. On growth, Expeditors International posted the faster year-over-year revenue change (-3.3% vs -3.7%). Expeditors International produced more free cash flow last quarter ($270.3M vs $32.0M). Over the past eight quarters, Expeditors International's revenue compounded faster (13.8% CAGR vs -0.4%).
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.
Solventum Corporation is an American health care company that was spun off from 3M on April 1, 2024.
EXPD vs SOLV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.9B | $2.0B |
| Net Profit | $200.7M | $63.0M |
| Gross Margin | — | 51.4% |
| Operating Margin | 8.8% | 6.3% |
| Net Margin | 7.0% | 3.2% |
| Revenue YoY | -3.3% | -3.7% |
| Net Profit YoY | -14.9% | 103.2% |
| EPS (diluted) | $1.50 | $0.37 |
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 | $2.0B | ||
| Q3 25 | $2.9B | $2.1B | ||
| Q2 25 | $2.7B | $2.2B | ||
| Q1 25 | $2.7B | $2.1B | ||
| Q4 24 | $3.0B | $2.1B | ||
| Q3 24 | $3.0B | $2.1B | ||
| Q2 24 | $2.4B | $2.1B | ||
| Q1 24 | $2.2B | $2.0B |
| Q4 25 | $200.7M | $63.0M | ||
| Q3 25 | $222.3M | $1.3B | ||
| Q2 25 | $183.6M | $90.0M | ||
| Q1 25 | $203.8M | $137.0M | ||
| Q4 24 | $235.9M | $31.0M | ||
| Q3 24 | $229.6M | $122.0M | ||
| Q2 24 | $175.5M | $89.0M | ||
| Q1 24 | $169.2M | $237.0M |
| Q4 25 | — | 51.4% | ||
| Q3 25 | — | 54.2% | ||
| Q2 25 | — | 54.4% | ||
| Q1 25 | — | 53.8% | ||
| Q4 24 | — | 53.9% | ||
| Q3 24 | — | 56.0% | ||
| Q2 24 | — | 54.6% | ||
| Q1 24 | — | 58.1% |
| Q4 25 | 8.8% | 6.3% | ||
| Q3 25 | 10.0% | 80.6% | ||
| Q2 25 | 9.3% | 9.9% | ||
| Q1 25 | 10.0% | 7.3% | ||
| Q4 24 | 10.2% | 6.6% | ||
| Q3 24 | 10.1% | 13.2% | ||
| Q2 24 | 9.2% | 11.7% | ||
| Q1 24 | 9.7% | 18.9% |
| Q4 25 | 7.0% | 3.2% | ||
| Q3 25 | 7.7% | 60.4% | ||
| Q2 25 | 6.9% | 4.2% | ||
| Q1 25 | 7.6% | 6.6% | ||
| Q4 24 | 8.0% | 1.5% | ||
| Q3 24 | 7.7% | 5.9% | ||
| Q2 24 | 7.2% | 4.3% | ||
| Q1 24 | 7.7% | 11.8% |
| Q4 25 | $1.50 | $0.37 | ||
| Q3 25 | $1.64 | $7.22 | ||
| Q2 25 | $1.34 | $0.51 | ||
| Q1 25 | $1.47 | $0.78 | ||
| Q4 24 | $1.68 | $0.18 | ||
| Q3 24 | $1.63 | $0.70 | ||
| Q2 24 | $1.24 | $0.51 | ||
| Q1 24 | $1.17 | $1.37 |
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 | $878.0M |
| Total DebtLower is stronger | — | $5.0B |
| Stockholders' EquityBook value | $2.4B | $5.0B |
| Total Assets | $4.9B | $14.3B |
| Debt / EquityLower = less leverage | — | 1.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $878.0M | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | $1.2B | $492.0M | ||
| Q1 25 | $1.3B | $534.0M | ||
| Q4 24 | $1.1B | $762.0M | ||
| Q3 24 | $1.3B | $772.0M | ||
| Q2 24 | $1.3B | $897.0M | ||
| Q1 24 | $1.4B | $996.0M |
| Q4 25 | — | $5.0B | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | — | $7.8B | ||
| Q1 25 | — | $7.9B | ||
| Q4 24 | — | $8.0B | ||
| Q3 24 | — | $8.1B | ||
| Q2 24 | — | $8.3B | ||
| Q1 24 | — | $8.3B |
| Q4 25 | $2.4B | $5.0B | ||
| Q3 25 | $2.3B | $5.0B | ||
| Q2 25 | $2.2B | $3.6B | ||
| Q1 25 | $2.3B | $3.3B | ||
| Q4 24 | $2.2B | $3.0B | ||
| Q3 24 | $2.4B | $3.2B | ||
| Q2 24 | $2.2B | $2.9B | ||
| Q1 24 | $2.2B | $3.9B |
| Q4 25 | $4.9B | $14.3B | ||
| Q3 25 | $4.8B | $14.0B | ||
| Q2 25 | $4.8B | $15.1B | ||
| Q1 25 | $4.8B | $14.5B | ||
| Q4 24 | $4.8B | $14.5B | ||
| Q3 24 | $5.2B | $14.7B | ||
| Q2 24 | $4.8B | $14.6B | ||
| Q1 24 | $4.5B | $14.7B |
| Q4 25 | — | 1.00× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 2.14× | ||
| Q1 25 | — | 2.43× | ||
| Q4 24 | — | 2.71× | ||
| Q3 24 | — | 2.54× | ||
| Q2 24 | — | 2.90× | ||
| Q1 24 | — | 2.16× |
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 | $95.0M |
| Free Cash FlowOCF − Capex | $270.3M | $32.0M |
| FCF MarginFCF / Revenue | 9.5% | 1.6% |
| Capex IntensityCapex / Revenue | 0.5% | 3.2% |
| Cash ConversionOCF / Net Profit | 1.41× | 1.51× |
| TTM Free Cash FlowTrailing 4 quarters | $953.4M | $-10.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $283.3M | $95.0M | ||
| Q3 25 | $201.4M | $76.0M | ||
| Q2 25 | $179.2M | $169.0M | ||
| Q1 25 | $342.6M | $29.0M | ||
| Q4 24 | $249.7M | $219.0M | ||
| Q3 24 | $90.0M | $169.0M | ||
| Q2 24 | $126.8M | $355.0M | ||
| Q1 24 | $256.9M | $442.0M |
| Q4 25 | $270.3M | $32.0M | ||
| Q3 25 | $190.3M | $-21.0M | ||
| Q2 25 | $163.3M | $59.0M | ||
| Q1 25 | $329.5M | $-80.0M | ||
| Q4 24 | $239.7M | $92.0M | ||
| Q3 24 | $77.7M | $76.0M | ||
| Q2 24 | $118.8M | $297.0M | ||
| Q1 24 | $246.7M | $340.0M |
| Q4 25 | 9.5% | 1.6% | ||
| Q3 25 | 6.6% | -1.0% | ||
| Q2 25 | 6.2% | 2.7% | ||
| Q1 25 | 12.4% | -3.9% | ||
| Q4 24 | 8.1% | 4.4% | ||
| Q3 24 | 2.6% | 3.7% | ||
| Q2 24 | 4.9% | 14.3% | ||
| Q1 24 | 11.2% | 16.9% |
| Q4 25 | 0.5% | 3.2% | ||
| Q3 25 | 0.4% | 4.6% | ||
| Q2 25 | 0.6% | 5.1% | ||
| Q1 25 | 0.5% | 5.3% | ||
| Q4 24 | 0.3% | 6.1% | ||
| Q3 24 | 0.4% | 4.5% | ||
| Q2 24 | 0.3% | 2.8% | ||
| Q1 24 | 0.5% | 5.1% |
| Q4 25 | 1.41× | 1.51× | ||
| Q3 25 | 0.91× | 0.06× | ||
| Q2 25 | 0.98× | 1.88× | ||
| Q1 25 | 1.68× | 0.21× | ||
| Q4 24 | 1.06× | 7.06× | ||
| Q3 24 | 0.39× | 1.39× | ||
| Q2 24 | 0.72× | 3.99× | ||
| Q1 24 | 1.52× | 1.86× |
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% |
SOLV
| Infection Prevention And Surgical Solutions | $752.0M | 38% |
| Cost Of Software And Rentals | $508.0M | 25% |
| Health Information Systems Segment | $347.0M | 17% |
| Dental Solutions Segment | $343.0M | 17% |
| Related Party | $14.0M | 1% |
