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Side-by-side financial comparison of Expeditors International (EXPD) and Toast, Inc. (TOST). Click either name above to swap in a different company.
Expeditors International is the larger business by last-quarter revenue ($2.9B vs $1.6B, roughly 1.7× Toast, Inc.). Expeditors International runs the higher net margin — 7.0% vs 6.2%, a 0.8% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs -3.3%). Expeditors International produced more free cash flow last quarter ($270.3M vs $178.0M). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% CAGR vs 13.8%).
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.
Toast, Inc. is an American cloud-based restaurant management software company based in Boston, Massachusetts. The company provides an all-in-one point of sale (POS) system built on the Android operating system.
EXPD vs TOST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.9B | $1.6B |
| Net Profit | $200.7M | $101.0M |
| Gross Margin | — | 25.9% |
| Operating Margin | 8.8% | 5.2% |
| Net Margin | 7.0% | 6.2% |
| Revenue YoY | -3.3% | 22.0% |
| Net Profit YoY | -14.9% | 215.6% |
| EPS (diluted) | $1.50 | $0.18 |
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 | $1.6B | ||
| Q3 25 | $2.9B | $1.6B | ||
| Q2 25 | $2.7B | $1.6B | ||
| Q1 25 | $2.7B | $1.3B | ||
| Q4 24 | $3.0B | $1.3B | ||
| Q3 24 | $3.0B | $1.3B | ||
| Q2 24 | $2.4B | $1.2B | ||
| Q1 24 | $2.2B | $1.1B |
| Q4 25 | $200.7M | $101.0M | ||
| Q3 25 | $222.3M | $105.0M | ||
| Q2 25 | $183.6M | $80.0M | ||
| Q1 25 | $203.8M | $56.0M | ||
| Q4 24 | $235.9M | $32.0M | ||
| Q3 24 | $229.6M | $56.0M | ||
| Q2 24 | $175.5M | $14.0M | ||
| Q1 24 | $169.2M | $-83.0M |
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | 26.5% | ||
| Q2 25 | — | 25.3% | ||
| Q1 25 | — | 25.9% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | — | 24.7% | ||
| Q2 24 | — | 23.0% | ||
| Q1 24 | — | 23.2% |
| Q4 25 | 8.8% | 5.2% | ||
| Q3 25 | 10.0% | 5.1% | ||
| Q2 25 | 9.3% | 5.2% | ||
| Q1 25 | 10.0% | 3.2% | ||
| Q4 24 | 10.2% | 2.5% | ||
| Q3 24 | 10.1% | 2.6% | ||
| Q2 24 | 9.2% | 0.4% | ||
| Q1 24 | 9.7% | -5.2% |
| Q4 25 | 7.0% | 6.2% | ||
| Q3 25 | 7.7% | 6.4% | ||
| Q2 25 | 6.9% | 5.2% | ||
| Q1 25 | 7.6% | 4.2% | ||
| Q4 24 | 8.0% | 2.4% | ||
| Q3 24 | 7.7% | 4.3% | ||
| Q2 24 | 7.2% | 1.1% | ||
| Q1 24 | 7.7% | -7.7% |
| Q4 25 | $1.50 | $0.18 | ||
| Q3 25 | $1.64 | $0.16 | ||
| Q2 25 | $1.34 | $0.13 | ||
| Q1 25 | $1.47 | $0.09 | ||
| Q4 24 | $1.68 | $0.09 | ||
| Q3 24 | $1.63 | $0.07 | ||
| Q2 24 | $1.24 | $0.02 | ||
| Q1 24 | $1.17 | $-0.15 |
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 | $1.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.4B | $2.1B |
| Total Assets | $4.9B | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.3B | $1.0B | ||
| Q4 24 | $1.1B | $903.0M | ||
| Q3 24 | $1.3B | $761.0M | ||
| Q2 24 | $1.3B | $691.0M | ||
| Q1 24 | $1.4B | $578.0M |
| Q4 25 | $2.4B | $2.1B | ||
| Q3 25 | $2.3B | $2.0B | ||
| Q2 25 | $2.2B | $1.8B | ||
| Q1 25 | $2.3B | $1.7B | ||
| Q4 24 | $2.2B | $1.5B | ||
| Q3 24 | $2.4B | $1.4B | ||
| Q2 24 | $2.2B | $1.3B | ||
| Q1 24 | $2.2B | $1.2B |
| Q4 25 | $4.9B | $3.1B | ||
| Q3 25 | $4.8B | $3.0B | ||
| Q2 25 | $4.8B | $2.8B | ||
| Q1 25 | $4.8B | $2.6B | ||
| Q4 24 | $4.8B | $2.4B | ||
| Q3 24 | $5.2B | $2.2B | ||
| Q2 24 | $4.8B | $2.2B | ||
| Q1 24 | $4.5B | $2.1B |
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 | $194.0M |
| Free Cash FlowOCF − Capex | $270.3M | $178.0M |
| FCF MarginFCF / Revenue | 9.5% | 10.9% |
| Capex IntensityCapex / Revenue | 0.5% | 1.0% |
| Cash ConversionOCF / Net Profit | 1.41× | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | $953.4M | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $283.3M | $194.0M | ||
| Q3 25 | $201.4M | $165.0M | ||
| Q2 25 | $179.2M | $223.0M | ||
| Q1 25 | $342.6M | $79.0M | ||
| Q4 24 | $249.7M | $147.0M | ||
| Q3 24 | $90.0M | $109.0M | ||
| Q2 24 | $126.8M | $124.0M | ||
| Q1 24 | $256.9M | $-20.0M |
| Q4 25 | $270.3M | $178.0M | ||
| Q3 25 | $190.3M | $153.0M | ||
| Q2 25 | $163.3M | $208.0M | ||
| Q1 25 | $329.5M | $69.0M | ||
| Q4 24 | $239.7M | $134.0M | ||
| Q3 24 | $77.7M | $97.0M | ||
| Q2 24 | $118.8M | $108.0M | ||
| Q1 24 | $246.7M | $-33.0M |
| Q4 25 | 9.5% | 10.9% | ||
| Q3 25 | 6.6% | 9.4% | ||
| Q2 25 | 6.2% | 13.4% | ||
| Q1 25 | 12.4% | 5.2% | ||
| Q4 24 | 8.1% | 10.0% | ||
| Q3 24 | 2.6% | 7.4% | ||
| Q2 24 | 4.9% | 8.7% | ||
| Q1 24 | 11.2% | -3.1% |
| Q4 25 | 0.5% | 1.0% | ||
| Q3 25 | 0.4% | 0.7% | ||
| Q2 25 | 0.6% | 1.0% | ||
| Q1 25 | 0.5% | 0.7% | ||
| Q4 24 | 0.3% | 1.0% | ||
| Q3 24 | 0.4% | 0.9% | ||
| Q2 24 | 0.3% | 1.3% | ||
| Q1 24 | 0.5% | 1.2% |
| Q4 25 | 1.41× | 1.92× | ||
| Q3 25 | 0.91× | 1.57× | ||
| Q2 25 | 0.98× | 2.79× | ||
| Q1 25 | 1.68× | 1.41× | ||
| Q4 24 | 1.06× | 4.59× | ||
| Q3 24 | 0.39× | 1.95× | ||
| Q2 24 | 0.72× | 8.86× | ||
| Q1 24 | 1.52× | — |
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% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
