FedEx (FDX) Stock Analysis

June 13, 2026

Here is a fundamental analysis of FedEx (FDX), benchmarking its profitability, financial strength, dividend and valuation against its industry group peers.

Performance

Cumulative Growth

FDX

GSPC

FedEx (FDX) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for FedEx (FDX) and S&P 500 (GSPC). Returns over one year are annualized.

Performance at a Glance

FedEx (FDX) metric values compared with Transportation industry-group medians
Metric	Current stock: FDX	Industry group median
1-Year Return	90.74%	46.94%

Risk

Drawdown

FDX

GSPC

FedEx (FDX) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Risk at a Glance

FedEx (FDX) metric values compared with Transportation industry-group medians
Metric	Current stock: FDX	Industry group median
1-Year Volatility	28.92%	39.71%
Beta	1.28	1.15

Company Profile

Company profile fields for FedEx (FDX)
Profile Item	FDX
Name	FedEx Corporation
Country/Region	United States
GICS Sector	Industrials
GICS Industry Group	Transportation
GICS Industry	Air Freight & Logistics
GICS Sub-Industry	Air Freight & Logistics
Market Capitalization	80.72 billion USD
Currency	USD
Exchange	NYSE
Listing Date	April 12, 1978
Security Type	Common Stock

Valuation

Price-to-Earnings Ratio (TTM)

FedEx (FDX) trades at P/E ratio of 18.05, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

FDX

Transportation industry group

18.05

Group distribution

Max: 96.57
Q3: 48.32
Median: 23.00
FDX: 18.05
Q1: 13.51
Min: 0.00

Largest peers

CSX: 29.18
CP: 27.98
UNP: 22.43
CNI: 21.87
FDX: 18.05
UPS: 17.49
UBER: 17.08

Where FedEx (FDX) stands on P/E ratio within its Transportation peer group — the box is the group’s distribution and the dots its largest members.

Price-to-Sales Ratio (TTM)

FedEx (FDX) trades at 0.88 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

FDX

Transportation industry group

0.88

Group distribution

Max: 4.18
Q3: 2.26
Median: 1.11
FDX: 0.88
Q1: 0.60
Min: 0.07

Largest peers

UNP: 6.55
CSX: 6.25
CP: 5.34
CNI: 4.18
UBER: 2.61
UPS: 1.04
FDX: 0.88

Where FedEx (FDX) stands on P/S ratio within its Transportation peer group — the box is the group’s distribution and the dots its largest members.

Price-to-Book Ratio (MRQ)

FedEx (FDX) trades at 2.71 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

FDX

Transportation industry group

2.71

Group distribution

Max: 8.88
Q3: 4.49
FDX: 2.71
Median: 2.15
Q1: 1.24
Min: -2.43

Largest peers

UNP: 8.34
CSX: 6.51
UBER: 5.66
UPS: 5.66
CNI: 4.68
FDX: 2.71
CP: 2.41

Where FedEx (FDX) stands on P/B ratio within its Transportation peer group — the box is the group’s distribution and the dots its largest members.

Valuation at a Glance

FedEx (FDX) metric values compared with Transportation industry-group medians
Metric	Current stock: FDX	Industry group median
Price-to-Earnings Ratio (TTM)	18.05	23.00
Price-to-Sales Ratio (TTM)	0.88	1.11
Price-to-Book Ratio (MRQ)	2.71	2.15
Free Cash Flow Yield	1.11%	2.63%

Profitability

Return on Equity (TTM)

FedEx (FDX) posts ROE of 15.87%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

FDX

Transportation industry group

15.87%

Group distribution

Max: 43.37%
Q3: 20.41%
FDX: 15.87%
Median: 10.34%
Q1: 1.88%
Min: -18.53%

Largest peers

UNP: 40.69%
UBER: 35.31%
UPS: 33.35%
CSX: 23.68%
CNI: 21.85%
FDX: 15.87%
CP: 8.43%

Where FedEx (FDX) stands on ROE within its Transportation peer group — the box is the group’s distribution and the dots its largest members.

Net Profit Margin (TTM)

FedEx (FDX) keeps 4.88% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

FDX

Transportation industry group

4.88%

Group distribution

Max: 43.82%
Q3: 19.14%
Median: 5.11%
FDX: 4.88%
Q1: 0.86%
Min: -9.62%

Largest peers

UNP: 29.20%
CNI: 27.23%
CP: 27.21%
CSX: 21.55%
UBER: 15.91%
UPS: 5.94%
FDX: 4.88%

Where FedEx (FDX) stands on net margin within its Transportation peer group — the box is the group’s distribution and the dots its largest members.

Operating Profit Margin (TTM)

FedEx (FDX) turns 6.94% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

FDX

Transportation industry group

6.94%

Group distribution

Max: 54.53%
Q3: 24.85%
FDX: 6.94%
Median: 6.34%
Q1: 1.12%
Min: -33.27%

Largest peers

UNP: 40.36%
CNI: 38.41%
CP: 37.56%
CSX: 36.16%
UBER: 14.57%
FDX: 6.94%
UPS: 6.33%

Where FedEx (FDX) stands on operating margin within its Transportation peer group — the box is the group’s distribution and the dots its largest members.

Profitability at a Glance

FedEx (FDX) metric values compared with Transportation industry-group medians
Metric	Current stock: FDX	Industry group median
Return on Equity (TTM)	15.87%	10.34%
Return on Assets (TTM)	5.03%	4.02%
Net Profit Margin (TTM)	4.88%	5.11%
Operating Profit Margin (TTM)	6.94%	6.34%
Gross Profit Margin (TTM)	27.55%	27.82%

Financial Strength

Current Ratio (MRQ)

FedEx (FDX) has current ratio of 1.47, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

FDX

Transportation industry group

1.47

Group distribution

Max: 2.26
Q3: 1.61
FDX: 1.47
Median: 1.16
Q1: 0.84
Min: 0.42

Largest peers

FDX: 1.47
UPS: 1.21
UBER: 1.07
CSX: 0.97
UNP: 0.92
CP: 0.67
CNI: 0.67

Where FedEx (FDX) stands on current ratio within its Transportation peer group — the box is the group’s distribution and the dots its largest members.

Debt-to-Equity Ratio (MRQ)

FedEx (FDX) has debt-to-equity ratio of 1.41, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

FDX

Transportation industry group

1.41

Group distribution

Max: 3.37
Q3: 1.64
FDX: 1.41
Median: 0.80
Q1: 0.36
Min: 0.00

Largest peers

UPS: 1.82
UNP: 1.62
CSX: 1.43
FDX: 1.41
CNI: 1.06
CP: 0.51
UBER: 0.48

Where FedEx (FDX) stands on debt-to-equity ratio within its Transportation peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength at a Glance

FedEx (FDX) metric values compared with Transportation industry-group medians
Metric	Current stock: FDX	Industry group median
Current Ratio (MRQ)	1.47	1.16
Debt-to-Equity Ratio (MRQ)	1.41	0.80
Net Debt / EBITDA	2.92	2.13

Dividends

Dividend Yield (TTM)

FedEx (FDX) has dividend yield of 1.44%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

FDX

Transportation industry group

1.44%

Group distribution

Max: 6.07%
Q3: 2.46%
FDX: 1.44%
Median: 0.94%
Q1: 0.00%
Min: 0.00%

Largest peers

UPS: 6.07%
CNI: 2.21%
UNP: 2.02%
FDX: 1.44%
CSX: 1.18%
CP: 0.77%
UBER: 0.00%

Where FedEx (FDX) stands on dividend yield within its Transportation peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

FedEx (FDX) has payout ratio of 30.59%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

FDX

Transportation industry group

30.59%

Group distribution

Max: 106.15%
Q3: 45.72%
FDX: 30.59%
Median: 20.46%
Q1: 0.00%
Min: 0.00%

Largest peers

UPS: 106.15%
CNI: 47.13%
UNP: 45.10%
CSX: 32.52%
FDX: 30.59%
CP: 20.36%
UBER: 0.00%

Where FedEx (FDX) stands on payout ratio within its Transportation peer group — the box is the group’s distribution and the dots its largest members.

Dividends at a Glance

FedEx (FDX) metric values compared with Transportation industry-group medians
Metric	Current stock: FDX	Industry group median
Dividend Yield (TTM)	1.44%	0.94%
Dividend Payout Ratio (TTM)	30.59%	20.46%