CHRWC. H. ROBINSON WORLDWIDE, INC.

Arrangement Of Transportation Of Freight & Cargo

Revenue: $16.2B; 8.4% YoY
Operating margin: 4.9%; 30% YoY
EBITDA: $898M; 17% YoY
Market cap: $14.4B
Employees: 11,855; $1M revenue each
Net debt / EBITDA: 1.9×; $1.7B net debt
AI in 10-K: 10.9; mentions per 10K words

Takeover score 1 of 13

Fixable underperformance 0 of 7

TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
156% of net income
Cash flow under 80% of net income
Dilutive SBCNo
0% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
72% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
24% of assets
Over 40% of assets
Shareholder dissentNo
96% lowest support
Any vote under 80% support

Buyer economics 0 of 4

Low revenue per employeeNo
$1M · 100th pct
Bottom quartile of its SIC industry
Quiet on AINo
10.9 per 10K words · 93rd pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
1.9× EBITDA net debt
More cash than debt, positive EBITDA
Buyout-sizedNo
$14.4B market cap
Market cap $500M–$5B

Catalysts 1 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingYes
−$18M net
Net sales over $10M in 12 months

Financials

Metric	FY2021	FY2022	FY2023	FY2024	FY2025	YoY	Trend
Revenue	$23.1B	$24.7B	$17.6B	$17.7B	$16.2B	8.4%
Operating income	$1.1B	$1.3B	$515M	$669M	$795M	19%
Net income	$844M	$941M	$325M	$466M	$587M	26%
Operating cash flow	$95M	$1.7B	$732M	$509M	$915M	80%
Capex	$34M	$62M	$30M	$23M	$20M	13%
Stock-based comp	$130M	$91M	$58M	$85M	$80M	5.3%
Buybacks	$582M	$1.5B	$64M	$0	$355M
Dividends	$277M	$285M	$292M	$295M	$301M	2.2%

Deal filings

None.

13D filers

None on file.

Insider trading

Open-market buys, 12 mo: $502K · 4
Open-market sells, 12 mo: $19M · 10
Net: −$18M

Pay vs performance

No pay-versus-performance disclosure yet.