Expeditors International of Washington, Inc. (EXPD)
Expeditors International provides global freight forwarding and customs-brokerage logistics.
EXPD vs OTIS: how the two businesses compare
- Bigger business: OTIS, with $14.4B of yearly revenue, about 1.3× EXPD's $11.1B.
- More profitable: OTIS keeps 10 cents of each sales dollar as profit, against 7 cents at EXPD.
- More cash from each sale: OTIS turns 11 cents of each sales dollar into operating cash flow, against 9 cents at EXPD.
From each company's latest annual SEC filing. Fiscal years can end on different dates.
Otis Worldwide (OTIS) is the larger business by reported revenue: $14.4B in its fiscal year ended Dec 2025, about 1.3× EXPD's $11.1B (fiscal year ended Dec 2025). EXPD's net margin was 7.3% and OTIS's 9.6%. The SEC classifies them differently (Arrangement of Transportation of Freight & Cargo; Electronic & Other Electrical Equipment (No Computer Equip)); what connects them is shared exposure to the International markets research theme, not a common industry.
Figures come from each company's own SEC filings. This page compares the businesses; it is not a price target or a verdict.
- Industrials
- Different
- Separate classifications
- December 31
- Same calendar
- Feb 25, 2026
EXPD vs OTIS: quick comparison
| Company fact | EXPD | OTIS |
|---|---|---|
| Company | Expeditors International of Washington, Inc. | Otis Worldwide Corporation |
| Exchange | NASDAQ | NYSE |
| SEC industry | Arrangement of Transportation of Freight & Cargo | Electronic & Other Electrical Equipment (No Computer Equip) |
| Fiscal year-end | December 31 | December 31 |
| Latest annual filing | 10-K · 2026-02-25 | 10-K · 2026-02-05 |
EXPD vs OTIS: audited financials
- Scale: OTIS's $14.4B of revenue is about 1.3× EXPD's $11.1B.
- Net margin: OTIS kept 9.6% of revenue as net income versus 7.3% at EXPD.
- Cash conversion: operating cash flow equalled EXPD 9.1% of revenue, or 1.24× net income; OTIS 11.1% of revenue, or 1.15× net income. A ratio well above 1× usually reflects non-cash charges or working-capital release; well below 1× can reflect working-capital build or non-cash gains.
- Periods: both fiscal years end on 2025-12-31, so these annual figures cover the same months.
| Metric | EXPD | OTIS |
|---|---|---|
| Revenue | $11.1B2025-01-01 to 2025-12-31 · SEC filing | $14.4B2025-01-01 to 2025-12-31 · SEC filing |
| Net income | $810M2025-01-01 to 2025-12-31 · SEC filing | $1.4B2025-01-01 to 2025-12-31 · SEC filing |
| Operating cash flow | $1.0B2025-01-01 to 2025-12-31 · SEC filing | $1.6B2025-01-01 to 2025-12-31 · SEC filing |
| Diluted EPS | $5.952025-01-01 to 2025-12-31 · SEC filing | $3.502025-01-01 to 2025-12-31 · SEC filing |
| Net margin | 7.3%2025-01-01 to 2025-12-31 · SEC filing | 9.6%2025-01-01 to 2025-12-31 · SEC filing |
EXPD: FY ending 2025-12-31 · OTIS: FY ending 2025-12-31. Figures as tagged in each issuer's SEC XBRL filing; fiscal calendars may not align.
Where EXPD and OTIS overlap, and where they don't
Overlap
- Shared research theme: International markets.
- Same fiscal calendar: both fiscal years end December 31.
Differences
- Different SEC industries: EXPD files as Arrangement of Transportation of Freight & Cargo; OTIS as Electronic & Other Electrical Equipment (No Computer Equip).
- Only EXPD maps to Tariffs & trade.
Overlap is drawn from SEC classifications and Yield Theory research themes. It is not evidence that the companies sell to the same customers or compete product for product.
Otis Worldwide Corporation (OTIS)
Otis Worldwide manufactures and services elevators, escalators, and moving walkways.
What moves each company
Company-specific drivers maintained by Yield Theory. Use them to decide which filing deserves deeper work; they are not predictions.
What moves EXPD
We have not yet published a company-specific driver list for EXPD. The primary source is Item 1 (Business) and Item 1A (Risk Factors) of its 10-K filed 2026-02-25.
What moves OTIS
We have not yet published a company-specific driver list for OTIS. The primary source is Item 1 (Business) and Item 1A (Risk Factors) of its 10-K filed 2026-02-05.
The investment question
You now know OTIS reports about 1.3× EXPD's revenue, and OTIS keeps more of each dollar as net income. Those are the facts. The investment question is what each share price already assumes about their exposure to international markets, and which evidence in the next filings would prove that assumption wrong.
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Read the full researchSEC filing comparison and disclosure evidence
Start with primary filings because fiscal calendars and accounting presentation can make superficially similar quarters incomparable. Both fiscal years end December 31, so annual reports line up, but check segment definitions before comparing growth or margins.
The current verified House and Senate snapshot contains 1 matched transaction row for EXPD and 10 matched transaction rows for OTIS. These delayed, range-based disclosures can identify a filing to inspect; they do not establish motive, conviction, or a real-time trading signal.
EXPD primary filings
OTIS primary filings
What this comparison cannot tell you
This page does not contain licensed live prices, a valuation model, earnings estimates, portfolio constraints, or a forecast of future returns. SEC classifications can be broad, company descriptions can lag strategic change, and the latest annual filing may predate a material acquisition or divestiture. Read subsequent quarterly and current reports before making a decision.
A stronger business is not automatically the better stock. Starting valuation, expectations, capital structure, cyclicality, dilution, and the probability of each thesis determine the investment outcome. Use this comparison to frame the work, then verify the numbers in the linked filings and current company disclosures.
More comparisons involving EXPD or OTIS
EXPD vs OTIS FAQs
Are EXPD and OTIS direct competitors?
Not necessarily. Expeditors International of Washington files as Arrangement of Transportation of Freight & Cargo and Otis Worldwide as Electronic & Other Electrical Equipment (No Computer Equip). The pair is compared because both map to the International markets research theme, not because the filings show head-to-head competition.
Is EXPD or OTIS the bigger company by revenue?
Otis Worldwide (OTIS) is the larger business by reported revenue: $14.4B in its fiscal year ended Dec 2025, about 1.3× EXPD's $11.1B (fiscal year ended Dec 2025). EXPD's net margin was 7.3% and OTIS's 9.6%. The SEC classifies them differently (Arrangement of Transportation of Freight & Cargo; Electronic & Other Electrical Equipment (No Computer Equip)); what connects them is shared exposure to the International markets research theme, not a common industry. Each figure is the annual amount tagged in the company's own SEC XBRL filing; market value depends on live prices, which this page does not publish.
Which is better, EXPD or OTIS?
There is no context-free winner. Compare the operating exposures, filing evidence, valuation, balance sheet, and risks against the specific thesis you are testing. This page deliberately does not turn a static profile into a buy or sell recommendation.
Does this EXPD vs OTIS comparison include live prices?
No. Yield Theory does not republish unlicensed real-time market data. The financial figures on this page are the audited annual numbers Expeditors International of Washington, Inc. and Otis Worldwide Corporation tagged in their SEC XBRL filings. Use a regulated broker or licensed quote provider for current prices and valuation multiples.
Where does the company information come from?
Company classifications, fiscal year-ends, and filing links come from the SEC EDGAR submissions API snapshot refreshed 2026-11-09. Business summaries and research themes are maintained by Yield Theory.
Data snapshot: SEC EDGAR submissions API, refreshed 2026-11-09. Independent educational research; not investment advice.
Which business differences matter to the investment thesis?
EXPD vs OTIS compares reported results. The reports below show how we connect operating evidence to an investment thesis, its assumptions, catalysts, and risks. $39/month or $249/year.
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