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Side-by-side financial comparison of Expeditors International (EXPD) and Union Pacific Corporation (UNP). Click either name above to swap in a different company.
Union Pacific Corporation is the larger business by last-quarter revenue ($6.2B vs $2.9B, roughly 2.2× Expeditors International). Union Pacific Corporation runs the higher net margin — 27.4% vs 7.0%, a 20.3% gap on every dollar of revenue. On growth, Union Pacific Corporation posted the faster year-over-year revenue change (3.2% vs -3.3%). Union Pacific Corporation produced more free cash flow last quarter ($631.0M vs $270.3M). Over the past eight quarters, Expeditors International's revenue compounded faster (13.8% CAGR vs 1.7%).
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.
The Union Pacific Railroad Company is a Class I freight-hauling railroad that operates 8,300 locomotives over 32,200 miles (51,800 km) routes in 23 U.S. states west of Chicago and New Orleans. Union Pacific is the second-largest railroad in the United States after BNSF.
EXPD vs UNP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.9B | $6.2B |
| Net Profit | $200.7M | $1.7B |
| Gross Margin | — | — |
| Operating Margin | 8.8% | 39.5% |
| Net Margin | 7.0% | 27.4% |
| Revenue YoY | -3.3% | 3.2% |
| Net Profit YoY | -14.9% | 4.6% |
| EPS (diluted) | $1.50 | $2.87 |
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.
| Q1 26 | — | $6.2B | ||
| Q4 25 | $2.9B | $6.1B | ||
| Q3 25 | $2.9B | $6.2B | ||
| Q2 25 | $2.7B | $6.2B | ||
| Q1 25 | $2.7B | $6.0B | ||
| Q4 24 | $3.0B | $6.1B | ||
| Q3 24 | $3.0B | $6.1B | ||
| Q2 24 | $2.4B | $6.0B |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $200.7M | $1.8B | ||
| Q3 25 | $222.3M | $1.8B | ||
| Q2 25 | $183.6M | $1.9B | ||
| Q1 25 | $203.8M | $1.6B | ||
| Q4 24 | $235.9M | $1.8B | ||
| Q3 24 | $229.6M | $1.7B | ||
| Q2 24 | $175.5M | $1.7B |
| Q1 26 | — | 39.5% | ||
| Q4 25 | 8.8% | 39.5% | ||
| Q3 25 | 10.0% | 40.8% | ||
| Q2 25 | 9.3% | 41.0% | ||
| Q1 25 | 10.0% | 39.3% | ||
| Q4 24 | 10.2% | 41.3% | ||
| Q3 24 | 10.1% | 39.7% | ||
| Q2 24 | 9.2% | 40.0% |
| Q1 26 | — | 27.4% | ||
| Q4 25 | 7.0% | 30.4% | ||
| Q3 25 | 7.7% | 28.6% | ||
| Q2 25 | 6.9% | 30.5% | ||
| Q1 25 | 7.6% | 27.0% | ||
| Q4 24 | 8.0% | 28.8% | ||
| Q3 24 | 7.7% | 27.4% | ||
| Q2 24 | 7.2% | 27.9% |
| Q1 26 | — | $2.87 | ||
| Q4 25 | $1.50 | $3.12 | ||
| Q3 25 | $1.64 | $3.01 | ||
| Q2 25 | $1.34 | $3.15 | ||
| Q1 25 | $1.47 | $2.70 | ||
| Q4 24 | $1.68 | $2.91 | ||
| Q3 24 | $1.63 | $2.75 | ||
| Q2 24 | $1.24 | $2.74 |
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 | $735.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.4B | — |
| Total Assets | $4.9B | $69.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $735.0M | ||
| Q4 25 | $1.3B | $1.3B | ||
| Q3 25 | $1.2B | $808.0M | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.1B | $1.0B | ||
| Q3 24 | $1.3B | $947.0M | ||
| Q2 24 | $1.3B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | $30.3B | ||
| Q3 25 | — | $30.3B | ||
| Q2 25 | — | $30.3B | ||
| Q1 25 | — | $30.6B | ||
| Q4 24 | — | $29.8B | ||
| Q3 24 | — | $29.8B | ||
| Q2 24 | — | $31.2B |
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | $18.5B | ||
| Q3 25 | $2.3B | $17.3B | ||
| Q2 25 | $2.2B | $16.3B | ||
| Q1 25 | $2.3B | $16.0B | ||
| Q4 24 | $2.2B | $16.9B | ||
| Q3 24 | $2.4B | $16.6B | ||
| Q2 24 | $2.2B | $16.5B |
| Q1 26 | — | $69.6B | ||
| Q4 25 | $4.9B | $69.7B | ||
| Q3 25 | $4.8B | $68.6B | ||
| Q2 25 | $4.8B | $68.6B | ||
| Q1 25 | $4.8B | $68.5B | ||
| Q4 24 | $4.8B | $67.7B | ||
| Q3 24 | $5.2B | $67.6B | ||
| Q2 24 | $4.8B | $67.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.64× | ||
| Q3 25 | — | 1.75× | ||
| Q2 25 | — | 1.86× | ||
| Q1 25 | — | 1.91× | ||
| Q4 24 | — | 1.76× | ||
| Q3 24 | — | 1.79× | ||
| Q2 24 | — | 1.89× |
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 | — |
| Free Cash FlowOCF − Capex | $270.3M | $631.0M |
| FCF MarginFCF / Revenue | 9.5% | 10.1% |
| Capex IntensityCapex / Revenue | 0.5% | — |
| Cash ConversionOCF / Net Profit | 1.41× | — |
| TTM Free Cash FlowTrailing 4 quarters | $953.4M | $4.8B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $283.3M | $2.2B | ||
| Q3 25 | $201.4M | $2.5B | ||
| Q2 25 | $179.2M | $2.3B | ||
| Q1 25 | $342.6M | $2.2B | ||
| Q4 24 | $249.7M | $2.7B | ||
| Q3 24 | $90.0M | $2.7B | ||
| Q2 24 | $126.8M | $1.9B |
| Q1 26 | — | $631.0M | ||
| Q4 25 | $270.3M | $1.2B | ||
| Q3 25 | $190.3M | $1.6B | ||
| Q2 25 | $163.3M | $1.4B | ||
| Q1 25 | $329.5M | $1.3B | ||
| Q4 24 | $239.7M | $1.7B | ||
| Q3 24 | $77.7M | $1.8B | ||
| Q2 24 | $118.8M | $1.0B |
| Q1 26 | — | 10.1% | ||
| Q4 25 | 9.5% | 20.1% | ||
| Q3 25 | 6.6% | 25.2% | ||
| Q2 25 | 6.2% | 22.7% | ||
| Q1 25 | 12.4% | 21.6% | ||
| Q4 24 | 8.1% | 28.4% | ||
| Q3 24 | 2.6% | 29.9% | ||
| Q2 24 | 4.9% | 16.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 16.4% | ||
| Q3 25 | 0.4% | 15.2% | ||
| Q2 25 | 0.6% | 15.2% | ||
| Q1 25 | 0.5% | 15.0% | ||
| Q4 24 | 0.3% | 15.1% | ||
| Q3 24 | 0.4% | 13.6% | ||
| Q2 24 | 0.3% | 15.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.41× | 1.20× | ||
| Q3 25 | 0.91× | 1.41× | ||
| Q2 25 | 0.98× | 1.24× | ||
| Q1 25 | 1.68× | 1.36× | ||
| Q4 24 | 1.06× | 1.51× | ||
| Q3 24 | 0.39× | 1.59× | ||
| Q2 24 | 0.72× | 1.14× |
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% |
UNP
| Freight revenues | $5.9B | 95% |
| Other revenues | $324.0M | 5% |
