FDX vs. UPS: FedEx vs. United Parcel Service Stock Comparison

August 16, 2026

How do FedEx (FDX) and United Parcel Service (UPS) 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 United Parcel Service (UPS) are both classified in the Air Freight & Logistics sub-industry within the broader Air Freight & Logistics industry, placing them in the closest GICS peer bucket.

Company profile comparison for FedEx (FDX) and United Parcel Service (UPS)
Profile Item	FDX	UPS
Name	FedEx Corporation	United Parcel Service, Inc.
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Transportation	Transportation
GICS Industry	Air Freight & Logistics	Air Freight & Logistics
GICS Sub-Industry	Air Freight & Logistics	Air Freight & Logistics
Market Capitalization	79.17 billion USD	88.91 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	April 12, 1978	November 10, 1999
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

FDX

UPS

GSPC

FedEx (FDX) vs. United Parcel Service (UPS), 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 United Parcel Service (UPS). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for FedEx (FDX) and United Parcel Service (UPS). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for FedEx (FDX) and United Parcel Service (UPS)
Metric	FDX	UPS
Total Return (1Y)	83.23%	26.13%
Total Return (3Y, Annualized)	18.26%	-11.39%
Total Return (5Y, Annualized)	10.59%	-7.55%

Risk Profile

Drawdown History

FDX

UPS

GSPC

FedEx (FDX) vs. United Parcel Service (UPS), 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 United Parcel Service (UPS). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for FedEx (FDX) and United Parcel Service (UPS)
Metric	FDX	UPS
Volatility (1Y, Annualized)	28.67%	29.39%
Beta (5Y)	1.33	1.05
Max Drawdown (5Y)	-48.25%	-57.92%
Avg. Volume (3M)	1.94M	5.34M

Risk-Adjusted Performance

Risk-Return Positioning

FDX and UPS 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 United Parcel Service (UPS)
Metric	FDX	UPS
Sharpe Ratio (1Y)	2.76	0.75
Sortino Ratio (1Y)	4.33	1.05

Profitability

ROE (TTM)

United Parcel Service (UPS) at 29.60% sits in the top ROE quartile, while FedEx (FDX) at 14.85% is closer to the peer norm — stronger capital efficiency for UPS.

FDX

Transportation industry group

14.85%

Max: 42.67%
Q3: 21.91%
FDX: 14.85%
Median: 11.31%
Q1: 1.36%
Min: -15.07%

UPS

Transportation industry group

29.60%

Max: 42.67%
UPS: 29.60%
Q3: 21.91%
Median: 11.31%
Q1: 1.36%
Min: -15.07%

FedEx (FDX) vs. United Parcel Service (UPS): A comparison of their ROE against the Transportation industry group benchmark.

Net Margin (TTM)

Both FedEx (FDX) at 4.68% and United Parcel Service (UPS) at 5.08% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

FDX

Transportation industry group

4.68%

Max: 51.26%
Q3: 21.10%
Median: 5.43%
FDX: 4.68%
Q1: 0.83%
Min: -11.37%

UPS

Transportation industry group

5.08%

Max: 51.26%
Q3: 21.10%
Median: 5.43%
UPS: 5.08%
Q1: 0.83%
Min: -11.37%

FedEx (FDX) vs. United Parcel Service (UPS): A comparison of their net margin against the Transportation industry group benchmark.

Operating Margin (TTM)

Both FedEx (FDX) at 11.13% and United Parcel Service (UPS) at 9.05% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

FDX

Transportation industry group

11.13%

Max: 50.63%
Q3: 22.88%
FDX: 11.13%
Median: 9.27%
Q1: 3.28%
Min: -11.50%

UPS

Transportation industry group

9.05%

Max: 50.63%
Q3: 22.88%
Median: 9.27%
UPS: 9.05%
Q1: 3.28%
Min: -11.50%

FedEx (FDX) vs. United Parcel Service (UPS): A comparison of their operating margin against the Transportation industry group benchmark.

Profitability Metrics

Profitability metrics for FedEx (FDX) and United Parcel Service (UPS)
Metric	FDX	UPS
ROE (TTM)	14.85%	29.60%
ROA (TTM)	5.01%	7.23%
Net Margin (TTM)	4.68%	5.08%
Operating Margin (TTM)	11.13%	9.05%
Gross Margin (TTM)	27.32%	22.41%

Growth

Revenue Growth

FedEx (FDX) at 7.73% is around its peer norm for revenue growth, while United Parcel Service (UPS) at -2.65% drops into the bottom quartile, signaling weaker demand or pricing momentum.

FedEx (FDX) vs. United Parcel Service (UPS): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both FedEx (FDX) at 10.35% and United Parcel Service (UPS) at -2.81% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

FedEx (FDX) vs. United Parcel Service (UPS): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for FedEx (FDX) and United Parcel Service (UPS)
Metric	FDX	UPS
Revenue Growth (YoY)	7.73%	-2.65%
Revenue Growth (3Y CAGR)	1.66%	-4.04%
EPS Growth (YoY)	10.35%	-2.81%
EPS Growth (3Y CAGR)	6.22%	-20.79%

Financial Strength

Current Ratio (MRQ)

Both FedEx (FDX) at 1.48 and United Parcel Service (UPS) at 1.18 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: 1.15
Q1: 0.79
Min: 0.28

UPS

Transportation industry group

1.18

Max: 2.50
Q3: 1.59
UPS: 1.18
Median: 1.15
Q1: 0.79
Min: 0.28

FedEx (FDX) vs. United Parcel Service (UPS): 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 United Parcel Service (UPS) at 1.90 uses more debt funding than most peers.

FDX

Transportation industry group

1.36

Max: 2.08
Q3: 1.38
FDX: 1.36
Median: 0.79
Q1: 0.36
Min: 0.00

UPS

Transportation industry group

1.90

Max: 2.08
UPS: 1.90
Q3: 1.38
Median: 0.79
Q1: 0.36
Min: 0.00

FedEx (FDX) vs. United Parcel Service (UPS): A comparison of their debt-to-equity ratio against the Transportation industry group benchmark.

Financial Strength Metrics

Financial strength metrics for FedEx (FDX) and United Parcel Service (UPS)
Metric	FDX	UPS
Current Ratio (MRQ)	1.48	1.18
Debt / Equity (MRQ)	1.36	1.90
Net Debt / EBITDA	2.48	2.00

Dividends

Dividend Yield (TTM)

FedEx (FDX) at 1.64% pays an industry-typical yield; United Parcel Service (UPS) at 6.22% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.

FDX

Transportation industry group

1.64%

Max: 4.38%
Q3: 1.90%
FDX: 1.64%
Median: 0.76%
Q1: 0.00%
Min: 0.00%

UPS

Transportation industry group

6.22%

UPS: 6.22%
Max: 4.38%
Q3: 1.90%
Median: 0.76%
Q1: 0.00%
Min: 0.00%

FedEx (FDX) vs. United Parcel Service (UPS): A comparison of their dividend yield against the Transportation industry group benchmark.

Dividend Payout Ratio (TTM)

United Parcel Service (UPS) reports payout ratio above 100% at 121.93%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile FedEx (FDX) reports 31.27%, ranking against industry peers normally.

FDX

Transportation industry group

31.27%

Max: 108.70%
Q3: 45.18%
FDX: 31.27%
Median: 22.03%
Q1: 0.00%
Min: 0.00%

UPS

Transportation industry group

121.93%

UPS: 121.93%
Max: 108.70%
Q3: 45.18%
Median: 22.03%
Q1: 0.00%
Min: 0.00%

FedEx (FDX) vs. United Parcel Service (UPS): A comparison of their payout ratio against the Transportation industry group benchmark.

Dividend Metrics

Dividend metrics for FedEx (FDX) and United Parcel Service (UPS)
Metric	FDX	UPS
Dividend Yield (TTM)	1.64%	6.22%
Dividend Payout Ratio (TTM)	31.27%	121.93%

Valuation

P/E Ratio (TTM)

Both FedEx (FDX) at 18.05 and United Parcel Service (UPS) at 19.42 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: 58.50
Q3: 33.96
Median: 20.89
FDX: 18.05
Q1: 12.44
Min: 2.54

UPS

Transportation industry group

19.42

Max: 58.50
Q3: 33.96
Median: 20.89
UPS: 19.42
Q1: 12.44
Min: 2.54

FedEx (FDX) vs. United Parcel Service (UPS): A comparison of their P/E ratio against the Transportation industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both FedEx (FDX) at 0.84 and United Parcel Service (UPS) at 0.99 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

FDX

Transportation industry group

0.84

Max: 4.68
Q3: 2.34
Median: 1.27
FDX: 0.84
Q1: 0.63
Min: 0.06

UPS

Transportation industry group

0.99

Max: 4.68
Q3: 2.34
Median: 1.27
UPS: 0.99
Q1: 0.63
Min: 0.06

FedEx (FDX) vs. United Parcel Service (UPS): A comparison of their P/S ratio against the Transportation industry group benchmark.

P/B Ratio (MRQ)

FedEx (FDX) at 2.54 is valued about in line with its industry on P/B ratio, while United Parcel Service (UPS) at 5.90 carries an above-peer premium to book — UPS is pricier on assets.

FDX

Transportation industry group

2.54

Max: 7.57
Q3: 3.87
FDX: 2.54
Median: 2.05
Q1: 1.18
Min: -2.30

UPS

Transportation industry group

5.90

Max: 7.57
UPS: 5.90
Q3: 3.87
Median: 2.05
Q1: 1.18
Min: -2.30

FedEx (FDX) vs. United Parcel Service (UPS): A comparison of their P/B ratio against the Transportation industry group benchmark.

Valuation Metrics

Valuation metrics for FedEx (FDX) and United Parcel Service (UPS)
Metric	FDX	UPS
P/E Ratio (TTM)	18.05	19.42
P/S Ratio (TTM)	0.84	0.99
P/B Ratio (MRQ)	2.54	5.90
Free Cash Flow Yield (TTM)	7.15%	6.25%