Expeditors International of Washington, Inc. (EXPD) vs ZTO Express (Cayman) Inc. (ZTO)

Expeditors International of Washington, Inc. and ZTO Express (Cayman) Inc. are both Integrated Freight & Logistics companies. Expeditors International of Washington, Inc. is the larger, with a market value of $24.6B against $11.4B — 2.2× the size. ZTO Express (Cayman) Inc. trades at the lower P/E: 11.0× against 23.9×. ZTO Express (Cayman) Inc. grew revenue faster over the last twelve months: 24.8% against 18.6%. ZTO Express (Cayman) Inc. has the higher net margin (19.0% vs 7.86%) and the lower return on invested capital (13.0% vs 67.0%). Both pay a dividend; ZTO Express (Cayman) Inc. yields more (1.87% vs 0.84%). Across the 22 metrics below, ZTO Express (Cayman) Inc. leads on 12 and Expeditors International of Washington, Inc. on 10.

Valuation

Metric EXPD ZTO Integrated Freight & Logistics median
P/E 23.88 10.99 22.50
P/S 1.85 2.01 0.46
P/B 10.46 1.70 1.75
Price to free cash flow 26.42 n/m 18.31
EV/EBITDA 16.78 8.75 9.01
EV/Sales 1.77 1.84 0.88
Earnings yield 4.19% 9.10% (1.15%)
Free cash flow yield 3.78% (1.87%) 0.00%

Profitability

Metric EXPD ZTO Integrated Freight & Logistics median
Gross margin 31.66% 25.10% 25.10%
Operating margin 10.12% 20.98% 0.92%
Net margin 7.86% 19.02% (0.14%)
Free cash flow margin 7.00% (3.77%) 0.00%
Return on equity 45.01% 16.37% 0.00%
Return on assets 19.71% 10.88% 0.00%
Return on invested capital 66.97% 13.03% 0.00%

Growth

Metric EXPD ZTO Integrated Freight & Logistics median
Revenue growth (TTM) 18.64% 24.75% 9.95%
EPS growth (last fiscal year) 4.02% 8.84% 5.86%
Revenue growth, 5-year CAGR 2.92% 12.69% 2.84%
Net income growth, 5-year CAGR 3.08% 14.46% 0.00%

Health

Metric EXPD ZTO Integrated Freight & Logistics median
Debt to equity 0.00 0.34 0.12
Current ratio 1.56 1.67 1.58
Net debt to EBITDA (1.18) (1.05) 0.67

Dividend

Metric EXPD ZTO Integrated Freight & Logistics median
Dividend yield 0.84% 1.87% 1.96%
Payout ratio 0.20 0.21 0.29

Size

Metric EXPD ZTO Integrated Freight & Logistics median
Market cap 24.55b 11.38b 81.31m

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