Edwyn
Over the five-year period, EXPEDITORS INTERNATIONAL OF WASHINGTON, INC. experienced notable fluctuations in its key financial metrics. In 2020, the company posted revenues of approximately USD 10.1 billion, which surged by roughly 63% to nearly USD 16.5 billion in 2021, accompanied by a proportional increase in gross profit and operating income. This strong growth continued into 2022 with revenues reaching around USD 17.1 billion, although the year‐over‐year gross profit and operating income growth slightly moderated. Net income followed a similar trend, rising from USD 696 million in 2020 to over USD 1.4 billion in 2021 before slightly easing to USD 1.36 billion in 2022. The alignment among revenue, gross profit, and operating income figures suggests that the company maintained consistent margins amid its aggressive growth phase. However, a significant swing occurred in 2023 when revenues dropped to approximately USD 9.3 billion—a decline of over 45% from 2022 levels—with concomitant declines in gross profit, operating income, and net income, which fell to USD 752 million. By 2024, revenues rebounded modestly to about USD 10.6 billion, with net income also recovering to USD 810 million. These sizable year-over-year changes, particularly the steep decline in 2023, may point to short-term market or operational challenges impacting the company's top line. Nonetheless, the overall consistency in margin behavior across periods and the eventual recovery indicate a level of financial resilience. Based solely on these metrics, EXPEDITORS appears to have a sustainably healthy balance between scale and profitability, though investors should remain mindful of the volatility exhibited during certain periods.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.