FDX vs. UNP: FedEx vs. Union Pacific Stock Comparison

August 16, 2026

How do FedEx (FDX) and Union Pacific (UNP) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

FedEx (FDX) and Union Pacific (UNP) both fall under the Transportation industry group, but FDX is classified in Air Freight & Logistics while UNP is classified in Ground Transportation.

Company profile comparison for FedEx (FDX) and Union Pacific (UNP)
Profile Item	FDX	UNP
Name	FedEx Corporation	Union Pacific Corporation
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Transportation	Transportation
GICS Industry	Air Freight & Logistics	Ground Transportation
GICS Sub-Industry	Air Freight & Logistics	Rail Transportation
Market Capitalization	79.17 billion USD	174.47 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	April 12, 1978	January 2, 1980
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

FDX

UNP

GSPC

FedEx (FDX) vs. Union Pacific (UNP), with S&P 500 (GSPC) for reference: 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 Union Pacific (UNP). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for FedEx (FDX) and Union Pacific (UNP). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for FedEx (FDX) and Union Pacific (UNP)
Metric	FDX	UNP
Total Return (1Y)	83.23%	35.59%
Total Return (3Y, Annualized)	18.26%	10.98%
Total Return (5Y, Annualized)	10.59%	7.61%

Risk Profile

Drawdown History

FDX

UNP

GSPC

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

Return Distribution

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Distribution of monthly total returns for FedEx (FDX) and Union Pacific (UNP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for FedEx (FDX) and Union Pacific (UNP)
Metric	FDX	UNP
Volatility (1Y, Annualized)	28.67%	22.14%
Beta (5Y)	1.33	0.95
Max Drawdown (5Y)	-48.25%	-31.83%
Avg. Volume (3M)	1.94M	2.97M

Risk-Adjusted Performance

Risk-Return Positioning

FDX and UNP are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for FedEx (FDX) and Union Pacific (UNP)
Metric	FDX	UNP
Sharpe Ratio (1Y)	2.76	1.43
Sortino Ratio (1Y)	4.33	2.29

Profitability

ROE (TTM)

Union Pacific (UNP) at 39.70% sits in the top ROE quartile, while FedEx (FDX) at 14.85% is closer to the peer norm — stronger capital efficiency for UNP.

FDX

Transportation industry group

14.85%

Max: 42.67%
Q3: 21.91%
FDX: 14.85%
Median: 11.31%
Q1: 1.69%
Min: -15.07%

UNP

Transportation industry group

39.70%

Max: 42.67%
UNP: 39.70%
Q3: 21.91%
Median: 11.31%
Q1: 1.69%
Min: -15.07%

FedEx (FDX) vs. Union Pacific (UNP): A comparison of their ROE against the Transportation industry group benchmark.

Net Margin (TTM)

Union Pacific (UNP) at 28.85% retains a top-quartile share of revenue as profit, ahead of FedEx (FDX) at 4.68%, which keeps about the industry-typical share.

FDX

Transportation industry group

4.68%

Max: 50.36%
Q3: 20.85%
Median: 5.56%
FDX: 4.68%
Q1: 0.93%
Min: -11.37%

UNP

Transportation industry group

28.85%

Max: 50.36%
UNP: 28.85%
Q3: 20.85%
Median: 5.56%
Q1: 0.93%
Min: -11.37%

FedEx (FDX) vs. Union Pacific (UNP): A comparison of their net margin against the Transportation industry group benchmark.

Operating Margin (TTM)

Union Pacific (UNP) at 40.98% operates in the top operating margin quartile, ahead of FedEx (FDX) at 11.13%, which runs around its industry’s norm.

FDX

Transportation industry group

11.13%

Max: 53.49%
Q3: 25.45%
FDX: 11.13%
Median: 10.71%
Q1: 3.19%
Min: -11.50%

UNP

Transportation industry group

40.98%

Max: 53.49%
UNP: 40.98%
Q3: 25.45%
Median: 10.71%
Q1: 3.19%
Min: -11.50%

FedEx (FDX) vs. Union Pacific (UNP): A comparison of their operating margin against the Transportation industry group benchmark.

Profitability Metrics

Profitability metrics for FedEx (FDX) and Union Pacific (UNP)
Metric	FDX	UNP
ROE (TTM)	14.85%	39.70%
ROA (TTM)	5.01%	9.27%
Net Margin (TTM)	4.68%	28.85%
Operating Margin (TTM)	11.13%	40.98%
Gross Margin (TTM)	27.32%	56.29%

Growth

Revenue Growth

Both FedEx (FDX) at 7.73% and Union Pacific (UNP) at 1.07% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

FedEx (FDX) vs. Union Pacific (UNP): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both FedEx (FDX) at 10.35% and Union Pacific (UNP) at 8.03% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

FedEx (FDX) vs. Union Pacific (UNP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for FedEx (FDX) and Union Pacific (UNP)
Metric	FDX	UNP
Revenue Growth (YoY)	7.73%	1.07%
Revenue Growth (3Y CAGR)	1.66%	-0.49%
EPS Growth (YoY)	10.35%	8.03%
EPS Growth (3Y CAGR)	6.22%	2.24%

Financial Strength

Current Ratio (MRQ)

Both FedEx (FDX) at 1.48 and Union Pacific (UNP) at 0.99 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

FDX

Transportation industry group

1.48

Max: 2.50
Q3: 1.59
FDX: 1.48
Median: 1.14
Q1: 0.79
Min: 0.28

UNP

Transportation industry group

0.99

Max: 2.50
Q3: 1.59
Median: 1.14
UNP: 0.99
Q1: 0.79
Min: 0.28

FedEx (FDX) vs. Union Pacific (UNP): A comparison of their current ratio against the Transportation industry group benchmark.

Debt / Equity (MRQ)

FedEx (FDX) at 1.36 carries an industry-typical debt-to-equity mix, while Union Pacific (UNP) at 1.51 uses more debt funding than most peers.

FDX

Transportation industry group

1.36

Max: 2.94
Q3: 1.45
FDX: 1.36
Median: 0.82
Q1: 0.36
Min: 0.00

UNP

Transportation industry group

1.51

Max: 2.94
UNP: 1.51
Q3: 1.45
Median: 0.82
Q1: 0.36
Min: 0.00

FedEx (FDX) vs. Union Pacific (UNP): A comparison of their debt-to-equity ratio against the Transportation industry group benchmark.

Financial Strength Metrics

Financial strength metrics for FedEx (FDX) and Union Pacific (UNP)
Metric	FDX	UNP
Current Ratio (MRQ)	1.48	0.99
Debt / Equity (MRQ)	1.36	1.51
Net Debt / EBITDA	2.48	2.26

Dividends

Dividend Yield (TTM)

Union Pacific (UNP) at 1.85% delivers top-quartile income for its industry, while FedEx (FDX) at 1.64% pays a more typical yield — both are credible income propositions, UNP the richer one.

FDX

Transportation industry group

1.64%

Max: 3.74%
Q3: 1.77%
FDX: 1.64%
Median: 0.67%
Q1: 0.00%
Min: 0.00%

UNP

Transportation industry group

1.85%

Max: 3.74%
UNP: 1.85%
Q3: 1.77%
Median: 0.67%
Q1: 0.00%
Min: 0.00%

FedEx (FDX) vs. Union Pacific (UNP): A comparison of their dividend yield against the Transportation industry group benchmark.

Dividend Payout Ratio (TTM)

FedEx (FDX) at 31.27% pays out a band-typical share of earnings, while Union Pacific (UNP) at 44.70% distributes more than its industry norm — less retained, thinner cover.

FDX

Transportation industry group

31.27%

Max: 100.88%
Q3: 44.15%
FDX: 31.27%
Median: 20.14%
Q1: 0.00%
Min: 0.00%

UNP

Transportation industry group

44.70%

Max: 100.88%
UNP: 44.70%
Q3: 44.15%
Median: 20.14%
Q1: 0.00%
Min: 0.00%

FedEx (FDX) vs. Union Pacific (UNP): A comparison of their payout ratio against the Transportation industry group benchmark.

Dividend Metrics

Dividend metrics for FedEx (FDX) and Union Pacific (UNP)
Metric	FDX	UNP
Dividend Yield (TTM)	1.64%	1.85%
Dividend Payout Ratio (TTM)	31.27%	44.70%

Valuation

P/E Ratio (TTM)

Both FedEx (FDX) at 18.05 and Union Pacific (UNP) at 23.76 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

FDX

Transportation industry group

18.05

Max: 62.08
Q3: 34.61
Median: 20.36
FDX: 18.05
Q1: 12.48
Min: 2.19

UNP

Transportation industry group

23.76

Max: 62.08
Q3: 34.61
UNP: 23.76
Median: 20.36
Q1: 12.48
Min: 2.19

FedEx (FDX) vs. Union Pacific (UNP): A comparison of their P/E ratio against the Transportation industry group benchmark.

P/S Ratio (TTM)

FedEx (FDX) at 0.84 prices around its industry’s typical P/S ratio, while Union Pacific (UNP) at 6.87 clears its benchmark range — UNP looks notably rich on sales.

FDX

Transportation industry group

0.84

Max: 4.54
Q3: 2.43
Median: 1.30
FDX: 0.84
Q1: 0.65
Min: 0.07

UNP

Transportation industry group

6.87

UNP: 6.87
Max: 4.54
Q3: 2.43
Median: 1.30
Q1: 0.65
Min: 0.07

FedEx (FDX) vs. Union Pacific (UNP): A comparison of their P/S ratio against the Transportation industry group benchmark.

P/B Ratio (MRQ)

FedEx (FDX) at 2.54 sits near its industry’s typical P/B ratio, while Union Pacific (UNP) at 8.98 prices above its benchmark range — UNP looks rich relative to book.

FDX

Transportation industry group

2.54

Max: 8.71
Q3: 4.24
FDX: 2.54
Median: 2.00
Q1: 1.17
Min: -2.47

UNP

Transportation industry group

8.98

UNP: 8.98
Max: 8.71
Q3: 4.24
Median: 2.00
Q1: 1.17
Min: -2.47

FedEx (FDX) vs. Union Pacific (UNP): A comparison of their P/B ratio against the Transportation industry group benchmark.

Valuation Metrics

Valuation metrics for FedEx (FDX) and Union Pacific (UNP)
Metric	FDX	UNP
P/E Ratio (TTM)	18.05	23.76
P/S Ratio (TTM)	0.84	6.87
P/B Ratio (MRQ)	2.54	8.98
Free Cash Flow Yield (TTM)	7.15%	2.71%