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FedEx (FDX)

Market Price (9/19/2025): $238.88 | Market Cap: $56.4 Bil
Sector: Industrials | Industry: Air Freight & Logistics

FedEx (FDX)

Market Price (9/19/2025): $238.88
Market Cap: $56.4 Bil
Sector: Industrials
Industry: Air Freight & Logistics

Investment Highlights

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, Dividend Yield is 2.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.0%, FCF Yield is 6.8%		 Weak multi-year price returns
2Y Excs Rtn is -55%, 3Y Excs Rtn is -51%		 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 59%
1 Attractive cash flow generation
CFO LTM is 7.6 Bil, FCF LTM is 3.7 Bil		  Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.2%
2 Low stock price volatility
Vol 12M is 35%		  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, Dividend Yield is 2.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.0%, FCF Yield is 6.8%
1 Attractive cash flow generation
CFO LTM is 7.6 Bil, FCF LTM is 3.7 Bil
2 Low stock price volatility
Vol 12M is 35%
3 Weak multi-year price returns
2Y Excs Rtn is -55%, 3Y Excs Rtn is -51%
4 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 59%
5 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.2%

Market Valuation

 9/19/25202420232022
Share Price CYE$238.88$276.24$243.39$163.21
Market Cap CYE ($ Bil)56.466.860.841.6
Total Debt ($ Bil)37.937.437.738.3
Total Cash ($ Bil)6.25.56.56.9
Enterprise Value ($ Bil)88.1104.298.579.9
Valuation Ratios    
P/S TTM0.60.80.70.5
P/EBIT TTM8.910.99.57.3
P/E TTM13.716.614.511.1
Sector Ratios    
P/S TTM (Sector)1.61.41.41.1
P/EBIT TTM (Sector)11.210.210.08.3
P/E TTM (Sector)16.313.713.911.2
 9/19/252024
Share Price CYE$238.88$276.24
Market Cap CYE ($ Bil)56.466.8
Total Debt ($ Bil)37.937.4
Total Cash ($ Bil)6.25.5
Enterprise Value ($ Bil)88.1104.2
Valuation Ratios  
P/S TTM0.60.8
P/EBIT TTM8.910.9
P/E TTM13.716.6
Sector Ratios  
P/S TTM (Sector)1.61.4
P/EBIT TTM (Sector)11.210.2
P/E TTM (Sector)16.313.7

Market Cap Chart

Business Description

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border e-commerce technology and e-commerce transportation solutions. Its FedEx Ground segment provides day-certain delivery services to businesses and residences. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
FDX Return74%1%-32%49%13%-18%69%
Peers Return36%11%-25%60%22%7%134%
S&P 500 Return16%27%-19%24%23%13%104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: AMZN, UPS, XPO, CHRW, BCO. See FDX Returns vs. Peers.
[3] 2025 data is for the year up to 9/18/2025 (YTD)

Interactive Breakdown

FedEx Interactive Breakdown Analysis

Better Bets than FedEx (FDX)

 FDXBetter Performance than FDX
MetricValueIndustry (Air Freight & Logistics)
Rev Chg LTM1.1%EXPD (23.7%), GXO (22.4%), FWRD (35.2%), CYRX (6.4%), RLGT (12.5%)
Rev Chg 3Y Avg-2.2%GXO (14.5%), FWRD (19.0%)
Op Mgn LTM6.9%UPS (9.3%), EXPD (9.9%)
CFO/Rev LTM8.5%ATXG (16.3%)
FCF/Rev LTM4.1%EXPD (7.2%), ATXG (10.6%)
Total Yield10.2%UPS (15.4%), CYRX (14.9%)
 FDXBetter Performance than FDX
MetricValueAll Other Sectors
Rev Chg LTM1.1%NVDA (71.6%), MSFT (14.9%), AAPL (6.0%), GOOGL (13.1%), AMZN (10.9%)
Rev Chg 3Y Avg-2.2%NVDA (92.0%), MSFT (12.5%), AAPL (1.8%), GOOGL (10.2%), AMZN (11.3%)
Op Mgn LTM6.9%NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), GOOGL (32.7%), AMZN (11.4%)
CFO/Rev LTM8.5%NVDA (46.6%), MSFT (48.3%), AAPL (26.6%), GOOGL (36.0%), AMZN (18.1%)
FCF/Rev LTM4.1%NVDA (43.6%), MSFT (25.4%), AAPL (23.5%), GOOGL (18.0%), META (30.7%)
Total Yield10.2%BABA (38.8%), TM (2086.5%), MRK (11.9%), VZ (16.0%), PFE (13.1%)

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1FedEx Earnings Notes  
2FedEx vs UnitedHealth: Which Is A Better Investment?Counter-Intuitive Comparisons 
3FedEx vs United Airlines: Which Is A Better Investment?Counter-Intuitive Comparisons 
4How Does FDX Stack Up Against Its Peers?Peer Comparison 
5Better Bet Than FDX Stock: Pay Less Than FedEx To Get More From UNH, HCA   
6Better Bet Than FDX Stock: Pay Less Than FedEx To Get More From UAL, OC   
7Will You Be Comfortable Buying FedEx Stock?Return 
8Day 7 of Loss Streak for FedEx Stock with -5.4% Return (vs. -19% YTD) [7/21/2025]Notification 
9Day 6 of Loss Streak for FedEx Stock with -5.1% Return (vs. -18% YTD) [7/18/2025]Notification 
10FDX Dip Buy Analysis  
11ARTICLES  
12How To Trade FedEx Stock Ahead of Its Upcoming Earnings? September 15th, 2025
13FDX Down 10% In A Week. How Confident Are You In The Stock? August 5th, 2025
14FDX Stock Down -5.4% after 7-Day Loss Streak July 22nd, 2025
15FDX Stock Down -5.1% after 6-Day Loss Streak July 19th, 2025
16What’s Next For FedEx Stock? June 25th, 2025
Title
0DASHBOARDS
1How To Trade FedEx Stock Ahead of Its Upcoming Earnings?
2FDX Down 10% In A Week. How Confident Are You In The Stock?
3FDX Stock Down -5.4% after 7-Day Loss Streak
4FDX Stock Down -5.1% after 6-Day Loss Streak
5What’s Next For FedEx Stock?
6ARTICLES
7FedEx Earnings Notes
8FedEx vs UnitedHealth: Which Is A Better Investment?
9FedEx vs United Airlines: Which Is A Better Investment?
10How Does FDX Stack Up Against Its Peers?
11Better Bet Than FDX Stock: Pay Less Than FedEx To Get More From UNH, HCA 
12Better Bet Than FDX Stock: Pay Less Than FedEx To Get More From UAL, OC 
13Will You Be Comfortable Buying FedEx Stock?
14Day 7 of Loss Streak for FedEx Stock with -5.4% Return (vs. -19% YTD) [7/21/2025]
15Day 6 of Loss Streak for FedEx Stock with -5.1% Return (vs. -18% YTD) [7/18/2025]
16FDX Dip Buy Analysis

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1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1ECDAECD Automotive Design3592.3%-88.8%
2BIAFbioAffinity Technologies1890.2%457.5%
3VORVor Biopharma1574.9%2638.7%
4BDSXBiodesix1529.5%-78.0%
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#TickerCompany1W RtnYTD Rtn
1CURXCuranex Pharmaceuticals-84.7%104.9%
2ATYRaTyr Pharma-80.0%-71.0%
3NXTTNext Technology-68.3%-95.4%
4FAASDigiAsia-62.8%-89.2%
5NAKAKindly MD-62.2% 
6VCIGVCI Global-57.2%-99.1%
7ASSTStrive-57.1%678.8%
8XAGELongevity Health-57.0%-88.1%
9BNGOBionano Genomics-55.9%-89.7%
10REXREX American Resources-50.1%47.8%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for FedEx

Financials

FDXAMZNUPSXPOCHRWBCOMedian
NameFedEx Amazon.c.United P.XPO C.H. Rob.Brink's  
Mkt Price226.50231.2385.05131.64137.09114.96134.37
Mkt Cap53.52,459.672.015.416.54.935.0
Rev LTM88,591670,03890,3138,00817,0135,07052,802
Op Inc LTM6,08476,1908,3996957574743,420
FCF LTM3,65413,4813,5391236413482,090
FCF 3Y Avg3,18721,6774,797-2199073592,047
CFO LTM7,565121,1377,4798057105724,142
CFO 3Y Avg8,10296,9779,6127549915704,546

Growth & Margins

FDXAMZNUPSXPOCHRWBCOMedian
NameFedEx Amazon.c.United P.XPO C.H. Rob.Brink's  
Rev Chg LTM1.1%10.9%0.9%1.9%-2.6%2.2%1.5%
Rev Chg 3Y Avg-2.2%11.3%-3.3%10.0%-13.2%5.0%1.4%
Rev Chg Q3.1%13.3%-2.7%-3.2%-7.7%3.8%0.2%
QoQ Delta Rev Chg LTM0.8%3.0%-0.7%-0.8%-2.0%0.9%0.0%
Op Mgn LTM6.9%11.4%9.3%8.7%4.4%9.4%9.0%
Op Mgn 3Y Avg6.7%7.9%9.9%7.7%3.7%9.6%7.8%
QoQ Delta Op Mgn LTM0.1%0.3%-0.1%-0.0%0.3%0.3%0.2%
CFO/Rev LTM8.5%18.1%8.3%10.1%4.2%11.3%9.3%
CFO/Rev 3Y Avg9.2%15.8%10.4%9.6%5.2%11.6%10.0%
FCF/Rev LTM4.1%2.0%3.9%1.5%3.8%6.9%3.8%
FCF/Rev 3Y Avg3.6%3.5%5.2%-2.8%4.8%7.3%4.2%

Valuation

FDXAMZNUPSXPOCHRWBCOMedian
NameFedEx Amazon.c.United P.XPO C.H. Rob.Brink's  
Mkt Cap53.52,459.672.015.416.54.935.0
P/S0.63.70.81.91.01.01.0
P/EBIT8.528.98.822.221.89.715.7
P/E13.034.812.639.630.929.930.4
P/CFO7.120.39.619.123.28.514.4
Total Yield10.2%2.9%15.4%2.5%5.1%3.3%4.2%
Dividend Yield2.5%0.0%7.5%0.0%1.8%0.0%0.9%
FCF Yield 3Y Avg5.2%1.1%4.0%-1.7%8.1%9.5%4.6%
D/E0.70.10.40.30.10.90.3
Net D/E0.60.00.30.30.10.60.3

Returns

FDXAMZNUPSXPOCHRWBCOMedian
NameFedEx Amazon.c.United P.XPO C.H. Rob.Brink's  
1M Rtn-2.2%1.4%-3.1%0.2%11.3%3.8%0.8%
3M Rtn2.7%8.8%-12.7%9.1%47.5%32.4%9.0%
6M Rtn-6.8%18.6%-24.7%21.9%39.6%34.7%20.3%
12M Rtn-22.3%24.0%-30.8%18.1%37.6%5.0%11.5%
3Y Rtn48.5%85.5%-44.9%355.3%39.8%123.8%67.0%
1M Excs Rtn-5.7%-2.0%-6.6%-3.3%7.8%0.4%-2.7%
3M Excs Rtn-8.1%-2.1%-23.5%-1.8%36.6%21.5%-1.9%
6M Excs Rtn-24.0%1.4%-41.9%1.2%22.8%15.6%1.3%
12M Excs Rtn-38.5%7.3%-47.6%2.6%22.2%-13.0%-5.2%
3Y Excs Rtn-50.8%13.7%-117.2%246.2%-34.0%51.3%-10.2%

Comparison Analyses

Financials

$ Mil | FY: 5/312026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q2
Period End8/31/20255/31/20252/28/202511/30/20248/31/20245/31/20242/29/202411/30/20238/31/20235/31/20232/28/202311/30/2022
Filing Date9/18/20257/21/20253/20/202512/19/20249/19/20247/15/20243/21/202412/19/20239/20/20237/17/20233/16/202312/20/2022
Key Financials Quarterly            
Total Revenue22,24422,22022,16021,96721,57922,10921,73822,16521,68121,93022,16922,814
Ebitda2,3903,2302,5372,4412,2863,3172,4292,4612,6613,5262,1962,258
Operating Income1,2981,9371,4711,3781,2081,9301,3571,4211,5901,7321,1651,212
Net Income8241,6489097417941,4748799001,0781,538771788
EPS3.486.923.793.063.245.943.553.594.286.063.073.08
Key Financials TTM            
Total Revenue TTM88,59187,92687,81587,39387,59187,69387,51487,94588,59490,15592,61994,091
Ebitda TTM10,59810,49410,58110,47310,49310,86811,07710,84410,64110,2338,7718,994
Operating Income TTM6,0845,9945,9875,8735,9166,2986,1005,9085,6995,3385,5905,858
Net Income TTM4,1224,0923,9183,8884,0474,3314,3954,2874,1753,9722,9923,333
Growth Rates Quarterly            
Total Revenue Growth3.1%0.5%1.9%-0.9%-0.5%0.8%-1.9%-2.8%-6.7%-10.1%-6.2%-2.8%
EBITDA Growth4.5%-2.6%4.4%-0.8%-14.1%-5.9%10.6%9.0%18.1%70.8%-9.2%-14.3%
Operating Income Growth7.5%0.4%8.4%-3.0%-24.0%11.4%16.5%17.2%29.4%-12.7%-18.7%-26.1%
Net Income Growth3.8%11.8%3.4%-17.7%-26.3%-4.2%14.0%14.2%23.2%175.6%-30.7%-24.5%
Margins Quarterly            
EBITDA Margin10.7%14.5%11.4%11.1%10.6%15.0%11.2%11.1%12.3%16.1%9.9%9.9%
Operating Income Margin5.8%8.7%6.6%6.3%5.6%8.7%6.2%6.4%7.3%7.9%5.3%5.3%
Net Income Margin3.7%7.4%4.1%3.4%3.7%6.7%4.0%4.1%5.0%7.0%3.5%3.5%
Cash & Debt            
Total Cash6,1665,5025,1355,0295,9436,5015,6446,7297,0556,8565,3734,646
Total Debt37,90637,41637,03137,27437,76537,71937,51438,18238,21638,33238,08838,036
Net Debt / (Cash)31,74031,91431,89632,24531,82231,21831,87031,45331,16131,47632,71533,390
Cash Flows Quarterly            
FCF from Operations1,7162,5192,0121,3181,1872,6981,6101,7742,2303,4472,2761,518
Cash Flows TTM            
FCF from Operations TTM7,5657,0367,2156,8137,2698,3129,0619,7279,4718,8488,9038,875
Returns to Shareholders Quarterly            
Dividends345331332337339310314317318289290299
Share Repurchases5005004971,0201,0005001,000500500-0-01,500
Return on Invested Capital (ROIC) Quarterly            
ROIC11.9%18.0%14.2%12.9%11.4%18.0%12.7%13.5%15.5%15.9%10.7%10.8%
Return on Invested Capital (ROIC) TTM            
ROIC TTM14.3%14.1%14.0%13.5%13.8%15.0%14.2%13.9%13.6%12.6%13.0%13.7%

Segment Financials

Revenue by Segment

$ Mil20252024202320222021
Federal Express segment74,66375,88445,81442,07835,513
FedEx Freight segment9,42910,0849,5327,8337,102
Corporate, other and elimination3,6014,1874,6813,5203,847
FedEx Ground Segment  33,23230,49622,733
FedEx Services Segment  2533222
Total87,69390,15593,51283,95969,217


Operating Income by Segment
$ Mil20252024202320222021
Federal Express segment4,8194,1932,9222,810996
FedEx Freight segment1,8211,9361,6631,005580
Corporate, other and elimination-1,081-1,217-982-1,151-1,173
FedEx Ground Segment  2,6423,1932,014
FedEx Services Segment  00 
Total5,5594,9126,2455,8572,417


Assets by Segment
$ Mil20252024202320222021
Federal Express segment73,25985,12847,60446,35641,252
FedEx Freight segment11,61510,4168,9047,3716,434
Corporate, other and elimination2,133-8,401-11,548-8,723-6,134
FedEx Ground Segment  32,64529,13424,700
FedEx Services Segment  8,3898,6397,285
Total87,00787,14385,99482,77773,537


Price Behavior

FDX Betas & Captures as of 8/31/2025

 1M2M3M6M1Y3Y
Beta1.541.731.491.111.000.95
Up Beta2.182.061.891.090.990.93
Down Beta0.840.540.801.010.820.86
Up Capture154%150%133%99%87%85%
Bmk +ve Days10223571142415
Stock +ve Days11172957127387
Down Capture144%249%175%126%119%102%
Bmk -ve Days11192754106334
Stock -ve Days10243368121362

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity4,468,089
Short Interest: % Change Since 8152025-0.2%
Average Daily Volume1,437,926
Days-to-Cover Short Interest3.11
Basic Shares Quantity236,000,000
Short % of Basic Shares1.9%

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
6/24/2025-3.3%2.1%6.0%
3/20/2025-6.4%-0.9%-16.7%
12/19/2024-0.1%1.6%-2.1%
9/3/2024-0.2%-2.8%-8.6%
6/25/202415.5%16.3%16.5%
3/21/20247.4%9.4%2.0%
12/19/2023-12.1%-10.4%-10.5%
9/20/20234.5%4.9%-2.9%
...
SUMMARY STATS   
# Positive111312
# Negative131112
Median Positive6.1%6.3%13.1%
Median Negative-5.7%-7.6%-9.5%
Max Positive15.5%26.4%25.4%
Max Negative-21.4%-24.6%-23.4%

SEC Filings

Expand for More

Report DateFiling DateFiling
8312025918202510-Q 8/31/2025
5312025721202510-K 5/31/2025
2282025320202510-Q 2/28/2025
113020241219202410-Q 11/30/2024
8312024919202410-Q 8/31/2024
5312024715202410-K 5/31/2024
2292024321202410-Q 2/29/2024
113020231219202310-Q 11/30/2023
8312023920202310-Q 8/31/2023
5312023717202310-K 5/31/2023
2282023316202310-Q 2/28/2023
113020221220202210-Q 11/30/2022
8312022922202210-Q 8/31/2022
5312022718202210-K 5/31/2022
2282022317202210-Q 2/28/2022
113020211216202110-Q 11/30/2021

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0DIETRICH JOHN WEVP CHIEF FINANCIAL OFF1072025Buy273.981,000273,9802,484,177Form
1LANE AMY B 12262024Buy276.0633391,92991,929Form

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