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Expeditors International of Washington (Expeditors International of Washington) Gross Margin % : 12.07% (As of Dec. 2023)


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What is Expeditors International of Washington Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Expeditors International of Washington's Gross Profit for the three months ended in Dec. 2023 was $275 Mil. Expeditors International of Washington's Revenue for the three months ended in Dec. 2023 was $2,278 Mil. Therefore, Expeditors International of Washington's Gross Margin % for the quarter that ended in Dec. 2023 was 12.07%.


The historical rank and industry rank for Expeditors International of Washington's Gross Margin % or its related term are showing as below:

EXPD' s Gross Margin % Range Over the Past 10 Years
Min: 11.64   Med: 12.74   Max: 13.95
Current: 13.39


During the past 13 years, the highest Gross Margin % of Expeditors International of Washington was 13.95%. The lowest was 11.64%. And the median was 12.74%.

EXPD's Gross Margin % is ranked worse than
68.47% of 945 companies
in the Transportation industry
Industry Median: 19.98 vs EXPD: 13.39

Expeditors International of Washington had a gross margin of 12.07% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Expeditors International of Washington was 1.30% per year.


Expeditors International of Washington Gross Margin % Historical Data

The historical data trend for Expeditors International of Washington's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Expeditors International of Washington Gross Margin % Chart

Expeditors International of Washington Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.55 12.13 13.11 12.72 13.39

Expeditors International of Washington Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.69 13.53 14.21 13.76 12.07

Competitive Comparison of Expeditors International of Washington's Gross Margin %

For the Integrated Freight & Logistics subindustry, Expeditors International of Washington's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Expeditors International of Washington's Gross Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Expeditors International of Washington's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Expeditors International of Washington's Gross Margin % falls into.



Expeditors International of Washington Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Expeditors International of Washington's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=1245.5 / 9300.11
=(Revenue - Cost of Goods Sold) / Revenue
=(9300.11 - 8054.634) / 9300.11
=13.39 %

Expeditors International of Washington's Gross Margin for the quarter that ended in Dec. 2023 is calculated as


Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=275 / 2277.768
=(Revenue - Cost of Goods Sold) / Revenue
=(2277.768 - 2002.729) / 2277.768
=12.07 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Expeditors International of Washington  (NYSE:EXPD) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Expeditors International of Washington had a gross margin of 12.07% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Expeditors International of Washington Gross Margin % Related Terms

Thank you for viewing the detailed overview of Expeditors International of Washington's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Expeditors International of Washington (Expeditors International of Washington) Business Description

Traded in Other Exchanges
Address
1015 Third Avenue, Seattle, WA, USA, 98104
Expeditors International of Washington is a non-asset-based third-party logistics provider, mainly focused on international freight forwarding. Its offers freight consolidation and forwarding, customs brokerage, warehousing and distribution, purchase order management, vendor consolidation, and numerous other value-added logistics services. It employs sophisticated IT systems and contracts with airlines and ocean carriers to move customers' freight across the globe. The firm operates more than 200 full-service office locations worldwide, in addition to numerous satellite locations. In 2022, Expeditors derived 34% of consolidated net revenue from airfreight, 30% from ocean freight, and 36% from customs brokerage and other services.
Executives
Jeffrey S Musser officer: Senior VP and CIO C/O EXPEDITORS, 1015 THIRD AVENUE, SEATTLE WA 981041190
Jeffrey F Dickerman officer: Senior VP - General Counsel 1015 THIRD AVENUE, SEATTLE WA 98104
Benjamin G. Clark officer: Senior VP - General Counsel 1015 THIRD AVENUE, 12TH FLOOR, SEATTLE WA 98110
Bradley S Powell officer: Chief Financial Officer C/O EXPEDITORS, 1015 THIRD AVE, SEATTLE WA 981041190
Blake R Bell officer: President, Global Products 1015 THIRD AVENUE, SEATTLE WA 98104
Eugene K Alger officer: Executive VP-North America 1015 THIRD AVENUE, SEATTLE WA 981041190
Brandon Pedersen director EXPEDITORS, 1015 THIRD AVE, SEATTLE WA 98104
Robert R Wright director C/O EXPEDITORS, 1015 THIRD AVE, SEATTLE WA 981041190
Olivia D Polius director C/O EXPEDITORS, 1015 THIRD AVENUE, SEATTLE WA 98104
Christopher J. Mcclincy officer: Senior VP - CIO 1015 THIRD AVENUE, 12TH FLOOR, SEATTLE WA 98104-1190
Glenn M Alger director 1015 THIRD AVENUE, SEATTLE WA 981041190
Daniel R Wall officer: SVP - Ocean Services C/O EXPEDITORS, 1015 THIRD AVENUE, SEATTLE WA 981041190
Richard H Rostan officer: President - Global Geographies C/O EXPEDITORS, 1015 THIRD AVENUE, SEATTLE WA 98104
Mark A Emmert director C/O EXPEDITORS, 1015 THIRD AVE, SEATTLE WA 981041190
Philip M Coughlin officer: Executive VP-North America 1015 THIRD AVENUE, SEATTLE WA 981041190