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FDXF vs. UAL: FedEx Freight vs. United Airlines Stock Comparison

How do FedEx Freight (FDXF) and United Airlines (UAL) 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 Freight (FDXF) and United Airlines (UAL) both fall under the Transportation industry group, but FDXF is classified in Ground Transportation while UAL is classified in Passenger Airlines.

United Airlines (UAL) has been public since February 6, 2006, giving it decades of market history across multiple cycles, while FedEx Freight (FDXF) listed only on May 27, 2026 and lacks comparable through-cycle data.

Company profile comparison for FedEx Freight (FDXF) and United Airlines (UAL)
Profile ItemFDXFUAL
NameFedEx Freight Holding Company, Inc.United Airlines Holdings, Inc.
Country/RegionUnited StatesUnited States
GICS SectorIndustrialsIndustrials
GICS Industry GroupTransportationTransportation
GICS IndustryGround TransportationPassenger Airlines
GICS Sub-IndustryCargo Ground TransportationPassenger Airlines
Market Capitalization18.47 billion USD36.63 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateMay 27, 2026February 6, 2006
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

FDXF
UAL
GSPC
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FedEx Freight (FDXF) vs. United Airlines (UAL), 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 Freight (FDXF) and United Airlines (UAL). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for FedEx Freight (FDXF) and United Airlines (UAL). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for FedEx Freight (FDXF) and United Airlines (UAL)
MetricFDXFUAL
Total Return (1Y)--22.35%
Total Return (3Y, Annualized)--47.27%
Total Return (5Y, Annualized)--17.68%

Risk Profile

Drawdown History

FDXF
UAL
GSPC
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FedEx Freight (FDXF) vs. United Airlines (UAL), 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 Freight (FDXF) and United Airlines (UAL). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

FedEx Freight (FDXF) reports a negative beta of -1.72, suggesting inverse market sensitivity over the measurement window. That is uncommon for ordinary equities and can reflect commodity-linked or hedge-like exposure, but it can also come from statistical noise. United Airlines (UAL) has a non-negative beta of 1.32.

Risk profile metrics for FedEx Freight (FDXF) and United Airlines (UAL)
MetricFDXFUAL
Volatility (1Y, Annualized)64.08%48.88%
Beta (5Y)-1.721.32
Max Drawdown (5Y)-42.72%-49.19%
Avg. Volume (3M)1.53M4.24M

Risk-Adjusted Performance

Risk-Return Positioning

Both FDXF and UAL need 1-year volatility and 1-year return to plot risk-return positioning.

Risk-Adjusted Metrics

Risk-adjusted metrics for FedEx Freight (FDXF) and United Airlines (UAL)
MetricFDXFUAL
Sharpe Ratio (1Y)--0.37
Sortino Ratio (1Y)--0.59

Profitability

ROE (TTM)

Both companies show strong equity returns, but FedEx Freight (FDXF) at 69.09% is the standout with ROE above its industry range; United Airlines (UAL) at 22.31% also sits in the top quartile.

FDXF

Transportation industry group

69.09%

FDXF
69.09%
Max
45.08%
Q3
22.02%
Median
13.94%
Q1
2.89%
Min
-10.45%

UAL

Transportation industry group

22.31%

Max
45.08%
UAL
22.31%
Q3
22.02%
Median
13.94%
Q1
2.89%
Min
-10.45%
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FedEx Freight (FDXF) vs. United Airlines (UAL): A comparison of their ROE against the Transportation industry group benchmark.

Net Margin (TTM)

Both FedEx Freight (FDXF) at 7.45% and United Airlines (UAL) at 5.46% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

FDXF

Transportation industry group

7.45%

Max
50.36%
Q3
21.18%
FDXF
7.45%
Median
5.58%
Q1
1.55%
Min
-11.37%

UAL

Transportation industry group

5.46%

Max
50.36%
Q3
21.18%
Median
5.58%
UAL
5.46%
Q1
1.55%
Min
-11.37%
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FedEx Freight (FDXF) vs. United Airlines (UAL): A comparison of their net margin against the Transportation industry group benchmark.

Operating Margin (TTM)

Both FedEx Freight (FDXF) at 14.66% and United Airlines (UAL) at 7.03% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

FDXF

Transportation industry group

14.66%

Max
59.18%
Q3
29.30%
FDXF
14.66%
Median
11.50%
Q1
4.62%
Min
-8.91%

UAL

Transportation industry group

7.03%

Max
59.18%
Q3
29.30%
Median
11.50%
UAL
7.03%
Q1
4.62%
Min
-8.91%
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FedEx Freight (FDXF) vs. United Airlines (UAL): A comparison of their operating margin against the Transportation industry group benchmark.

Profitability Metrics

Profitability metrics for FedEx Freight (FDXF) and United Airlines (UAL)
MetricFDXFUAL
ROE (TTM)69.09%22.31%
ROA (TTM)5.67%3.31%
Net Margin (TTM)7.45%5.46%
Operating Margin (TTM)14.66%7.03%
Gross Margin (TTM)29.28%30.87%

Growth

Revenue Growth

Both FedEx Freight (FDXF) at -1.09% and United Airlines (UAL) at 3.52% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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FedEx Freight (FDXF) vs. United Airlines (UAL): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both FedEx Freight (FDXF) at -51.34% and United Airlines (UAL) at 7.94% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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FedEx Freight (FDXF) vs. United Airlines (UAL): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for FedEx Freight (FDXF) and United Airlines (UAL)
MetricFDXFUAL
Revenue Growth (YoY)-1.09%3.52%
Revenue Growth (3Y CAGR)-4.46%9.53%
EPS Growth (YoY)-51.34%7.94%
EPS Growth (3Y CAGR)-25.45%66.00%

Financial Strength

Current Ratio (MRQ)

FedEx Freight (FDXF) at 1.52 keeps current ratio within its industry’s typical mid-range, while United Airlines (UAL) at 0.75 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for UAL.

FDXF

Transportation industry group

1.52

Max
2.58
Q3
1.62
FDXF
1.52
Median
1.16
Q1
0.78
Min
0.22

UAL

Transportation industry group

0.75

Max
2.58
Q3
1.62
Median
1.16
Q1
0.78
UAL
0.75
Min
0.22
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FedEx Freight (FDXF) vs. United Airlines (UAL): A comparison of their current ratio against the Transportation industry group benchmark.

Debt / Equity (MRQ)

Only one side’s leverage can be read here: United Airlines (UAL) carries debt-to-equity ratio of 1.93 against its industry range, while FedEx Freight (FDXF) reports no figure this period.

FDXF

Transportation industry group

--

Max
2.75
Q3
1.37
Median
0.78
Q1
0.35
Min
0.00
FDXF
--

UAL

Transportation industry group

1.93

Max
2.75
UAL
1.93
Q3
1.37
Median
0.78
Q1
0.35
Min
0.00
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FedEx Freight (FDXF) vs. United Airlines (UAL): FDXF does not report debt-to-equity ratio, so it has no value marker; UAL is benchmarked against the Transportation industry group.

Financial Strength Metrics

Financial strength metrics for FedEx Freight (FDXF) and United Airlines (UAL)
MetricFDXFUAL
Current Ratio (MRQ)1.520.75
Debt / Equity (MRQ)--1.93
Net Debt / EBITDA5.942.79

Dividends

Dividend Yield (TTM)

Neither FedEx Freight (FDXF) nor United Airlines (UAL) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

FDXF

Transportation industry group

0.00%

Max
4.68%
Q3
1.99%
Median
0.74%
FDXF
0.00%
Q1
0.00%
Min
0.00%

UAL

Transportation industry group

0.00%

Max
4.68%
Q3
1.99%
Median
0.74%
UAL
0.00%
Q1
0.00%
Min
0.00%
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FedEx Freight (FDXF) vs. United Airlines (UAL): A comparison of their dividend yield against the Transportation industry group benchmark.

Dividend Payout Ratio (TTM)

Neither FedEx Freight (FDXF) nor United Airlines (UAL) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

FDXF

Transportation industry group

0.00%

Max
100.89%
Q3
41.68%
Median
20.43%
FDXF
0.00%
Q1
0.00%
Min
0.00%

UAL

Transportation industry group

0.00%

Max
100.89%
Q3
41.68%
Median
20.43%
UAL
0.00%
Q1
0.00%
Min
0.00%
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FedEx Freight (FDXF) vs. United Airlines (UAL): A comparison of their payout ratio against the Transportation industry group benchmark.

Dividend Metrics

Dividend metrics for FedEx Freight (FDXF) and United Airlines (UAL)
MetricFDXFUAL
Dividend Yield (TTM)0.00%0.00%
Dividend Payout Ratio (TTM)0.00%0.00%

Valuation

P/E Ratio (TTM)

United Airlines (UAL) at 10.32 sits in the cheaper P/E ratio quartile, while FedEx Freight (FDXF) at 36.23 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

FDXF

Transportation industry group

36.23

Max
46.76
FDXF
36.23
Q3
30.87
Median
20.58
Q1
10.44
Min
0.00

UAL

Transportation industry group

10.32

Max
46.76
Q3
30.87
Median
20.58
Q1
10.44
UAL
10.32
Min
0.00
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FedEx Freight (FDXF) vs. United Airlines (UAL): A comparison of their P/E ratio against the Transportation industry group benchmark.

P/S Ratio (TTM)

United Airlines (UAL) at 0.56 is priced about in line with its industry on P/S ratio, while FedEx Freight (FDXF) at 2.10 sits in the pricier quartile — FDXF costs more per dollar of sales.

FDXF

Transportation industry group

2.10

Max
4.35
FDXF
2.10
Q3
2.07
Median
0.93
Q1
0.53
Min
0.04

UAL

Transportation industry group

0.56

Max
4.35
Q3
2.07
Median
0.93
UAL
0.56
Q1
0.53
Min
0.04
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FedEx Freight (FDXF) vs. United Airlines (UAL): A comparison of their P/S ratio against the Transportation industry group benchmark.

P/B Ratio (MRQ)

FedEx Freight (FDXF) reports a negative P/B ratio of -73.55, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile United Airlines (UAL) reports 2.06, ranking against industry peers normally.

FDXF

Transportation industry group

-73.55

Max
6.29
Q3
3.39
Median
1.90
Q1
1.03
Min
-2.07
FDXF
-73.55

UAL

Transportation industry group

2.06

Max
6.29
Q3
3.39
UAL
2.06
Median
1.90
Q1
1.03
Min
-2.07
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FedEx Freight (FDXF) vs. United Airlines (UAL): A comparison of their P/B ratio against the Transportation industry group benchmark.

Valuation Metrics

Valuation metrics for FedEx Freight (FDXF) and United Airlines (UAL)
MetricFDXFUAL
P/E Ratio (TTM)36.2310.32
P/S Ratio (TTM)2.100.56
P/B Ratio (MRQ)-73.552.06
Free Cash Flow Yield (TTM)-2.77%-1.57%