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Side-by-side financial comparison of Expeditors International (EXPD) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.

Molson Coors Beverage Company is the larger business by last-quarter revenue ($3.1B vs $2.9B, roughly 1.1× Expeditors International). Molson Coors Beverage Company runs the higher net margin — 7.6% vs 7.0%, a 0.6% gap on every dollar of revenue. On growth, Expeditors International posted the faster year-over-year revenue change (-3.3% vs -3.6%). Molson Coors Beverage Company produced more free cash flow last quarter ($357.8M vs $270.3M). Over the past eight quarters, Expeditors International's revenue compounded faster (13.8% CAGR vs 1.2%).

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.

Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.

EXPD vs TAP — Head-to-Head

Bigger by revenue
TAP
TAP
1.1× larger
TAP
$3.1B
$2.9B
EXPD
Growing faster (revenue YoY)
EXPD
EXPD
+0.3% gap
EXPD
-3.3%
-3.6%
TAP
Higher net margin
TAP
TAP
0.6% more per $
TAP
7.6%
7.0%
EXPD
More free cash flow
TAP
TAP
$87.5M more FCF
TAP
$357.8M
$270.3M
EXPD
Faster 2-yr revenue CAGR
EXPD
EXPD
Annualised
EXPD
13.8%
1.2%
TAP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EXPD
EXPD
TAP
TAP
Revenue
$2.9B
$3.1B
Net Profit
$200.7M
$238.3M
Gross Margin
31.0%
Operating Margin
8.8%
10.4%
Net Margin
7.0%
7.6%
Revenue YoY
-3.3%
-3.6%
Net Profit YoY
-14.9%
-17.2%
EPS (diluted)
$1.50
$1.32

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
TAP
TAP
Q4 25
$2.9B
$3.1B
Q3 25
$2.9B
$3.5B
Q2 25
$2.7B
$3.7B
Q1 25
$2.7B
$2.7B
Q4 24
$3.0B
$3.2B
Q3 24
$3.0B
$3.6B
Q2 24
$2.4B
$3.8B
Q1 24
$2.2B
$3.0B
Net Profit
EXPD
EXPD
TAP
TAP
Q4 25
$200.7M
$238.3M
Q3 25
$222.3M
$-2.9B
Q2 25
$183.6M
$428.7M
Q1 25
$203.8M
$121.0M
Q4 24
$235.9M
$287.8M
Q3 24
$229.6M
$199.8M
Q2 24
$175.5M
$427.0M
Q1 24
$169.2M
$207.8M
Gross Margin
EXPD
EXPD
TAP
TAP
Q4 25
31.0%
Q3 25
33.7%
Q2 25
34.3%
Q1 25
31.6%
Q4 24
32.0%
Q3 24
33.4%
Q2 24
34.6%
Q1 24
31.6%
Operating Margin
EXPD
EXPD
TAP
TAP
Q4 25
8.8%
10.4%
Q3 25
10.0%
-98.5%
Q2 25
9.3%
15.6%
Q1 25
10.0%
6.9%
Q4 24
10.2%
12.0%
Q3 24
10.1%
12.5%
Q2 24
9.2%
15.6%
Q1 24
9.7%
10.3%
Net Margin
EXPD
EXPD
TAP
TAP
Q4 25
7.0%
7.6%
Q3 25
7.7%
-84.0%
Q2 25
6.9%
11.5%
Q1 25
7.6%
4.5%
Q4 24
8.0%
8.9%
Q3 24
7.7%
5.5%
Q2 24
7.2%
11.1%
Q1 24
7.7%
6.8%
EPS (diluted)
EXPD
EXPD
TAP
TAP
Q4 25
$1.50
$1.32
Q3 25
$1.64
$-14.79
Q2 25
$1.34
$2.13
Q1 25
$1.47
$0.59
Q4 24
$1.68
$1.39
Q3 24
$1.63
$0.96
Q2 24
$1.24
$2.03
Q1 24
$1.17
$0.97

Balance Sheet & Financial Strength

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

Metric
EXPD
EXPD
TAP
TAP
Cash + ST InvestmentsLiquidity on hand
$1.3B
$896.5M
Total DebtLower is stronger
$6.3B
Stockholders' EquityBook value
$2.4B
$10.2B
Total Assets
$4.9B
$22.7B
Debt / EquityLower = less leverage
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EXPD
EXPD
TAP
TAP
Q4 25
$1.3B
$896.5M
Q3 25
$1.2B
$950.2M
Q2 25
$1.2B
$613.8M
Q1 25
$1.3B
$412.7M
Q4 24
$1.1B
$969.3M
Q3 24
$1.3B
$1.0B
Q2 24
$1.3B
$1.6B
Q1 24
$1.4B
$458.4M
Total Debt
EXPD
EXPD
TAP
TAP
Q4 25
$6.3B
Q3 25
$6.3B
Q2 25
$6.3B
Q1 25
$6.2B
Q4 24
$6.1B
Q3 24
$6.2B
Q2 24
$7.0B
Q1 24
$6.2B
Stockholders' Equity
EXPD
EXPD
TAP
TAP
Q4 25
$2.4B
$10.2B
Q3 25
$2.3B
$10.3B
Q2 25
$2.2B
$13.4B
Q1 25
$2.3B
$13.1B
Q4 24
$2.2B
$13.1B
Q3 24
$2.4B
$13.3B
Q2 24
$2.2B
$13.2B
Q1 24
$2.2B
$13.1B
Total Assets
EXPD
EXPD
TAP
TAP
Q4 25
$4.9B
$22.7B
Q3 25
$4.8B
$22.9B
Q2 25
$4.8B
$26.8B
Q1 25
$4.8B
$25.9B
Q4 24
$4.8B
$26.1B
Q3 24
$5.2B
$26.6B
Q2 24
$4.8B
$27.4B
Q1 24
$4.5B
$26.1B
Debt / Equity
EXPD
EXPD
TAP
TAP
Q4 25
0.61×
Q3 25
0.61×
Q2 25
0.47×
Q1 25
0.47×
Q4 24
0.47×
Q3 24
0.47×
Q2 24
0.53×
Q1 24
0.47×

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
TAP
TAP
Operating Cash FlowLast quarter
$283.3M
$540.7M
Free Cash FlowOCF − Capex
$270.3M
$357.8M
FCF MarginFCF / Revenue
9.5%
11.4%
Capex IntensityCapex / Revenue
0.5%
5.9%
Cash ConversionOCF / Net Profit
1.41×
2.27×
TTM Free Cash FlowTrailing 4 quarters
$953.4M
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EXPD
EXPD
TAP
TAP
Q4 25
$283.3M
$540.7M
Q3 25
$201.4M
$616.1M
Q2 25
$179.2M
$718.3M
Q1 25
$342.6M
$-90.7M
Q4 24
$249.7M
$494.5M
Q3 24
$90.0M
$521.2M
Q2 24
$126.8M
$869.2M
Q1 24
$256.9M
$25.4M
Free Cash Flow
EXPD
EXPD
TAP
TAP
Q4 25
$270.3M
$357.8M
Q3 25
$190.3M
$483.0M
Q2 25
$163.3M
$555.0M
Q1 25
$329.5M
$-328.0M
Q4 24
$239.7M
$383.4M
Q3 24
$77.7M
$350.4M
Q2 24
$118.8M
$691.7M
Q1 24
$246.7M
$-189.3M
FCF Margin
EXPD
EXPD
TAP
TAP
Q4 25
9.5%
11.4%
Q3 25
6.6%
13.9%
Q2 25
6.2%
14.8%
Q1 25
12.4%
-12.2%
Q4 24
8.1%
11.8%
Q3 24
2.6%
9.7%
Q2 24
4.9%
18.0%
Q1 24
11.2%
-6.2%
Capex Intensity
EXPD
EXPD
TAP
TAP
Q4 25
0.5%
5.9%
Q3 25
0.4%
3.8%
Q2 25
0.6%
4.4%
Q1 25
0.5%
8.8%
Q4 24
0.3%
3.4%
Q3 24
0.4%
4.7%
Q2 24
0.3%
4.6%
Q1 24
0.5%
7.0%
Cash Conversion
EXPD
EXPD
TAP
TAP
Q4 25
1.41×
2.27×
Q3 25
0.91×
Q2 25
0.98×
1.68×
Q1 25
1.68×
-0.75×
Q4 24
1.06×
1.72×
Q3 24
0.39×
2.61×
Q2 24
0.72×
2.04×
Q1 24
1.52×
0.12×

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%

TAP
TAP

Segment breakdown not available.

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