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.
| Profile Item | FDXF | UAL |
|---|---|---|
| Name | FedEx Freight Holding Company, Inc. | United Airlines Holdings, Inc. |
| Country/Region | United States | United States |
| GICS Sector | Industrials | Industrials |
| GICS Industry Group | Transportation | Transportation |
| GICS Industry | Ground Transportation | Passenger Airlines |
| GICS Sub-Industry | Cargo Ground Transportation | Passenger Airlines |
| Market Capitalization | 18.47 billion USD | 36.63 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | Nasdaq |
| Listing Date | May 27, 2026 | February 6, 2006 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | FDXF | UAL |
|---|---|---|
| Total Return (1Y) | -- | 22.35% |
| Total Return (3Y, Annualized) | -- | 47.27% |
| Total Return (5Y, Annualized) | -- | 17.68% |
Risk Profile
Drawdown History
Return Distribution
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.
| Metric | FDXF | UAL |
|---|---|---|
| Volatility (1Y, Annualized) | 64.08% | 48.88% |
| Beta (5Y) | -1.72 | 1.32 |
| Max Drawdown (5Y) | -42.72% | -49.19% |
| Avg. Volume (3M) | 1.53M | 4.24M |
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
| Metric | FDXF | UAL |
|---|---|---|
| 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%
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%
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%
Profitability Metrics
| Metric | FDXF | UAL |
|---|---|---|
| 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.
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.
Growth Metrics
| Metric | FDXF | UAL |
|---|---|---|
| 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
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
Financial Strength Metrics
| Metric | FDXF | UAL |
|---|---|---|
| Current Ratio (MRQ) | 1.52 | 0.75 |
| Debt / Equity (MRQ) | -- | 1.93 |
| Net Debt / EBITDA | 5.94 | 2.79 |
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%
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%
Dividend Metrics
| Metric | FDXF | UAL |
|---|---|---|
| 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
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
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
Valuation Metrics
| Metric | FDXF | UAL |
|---|---|---|
| P/E Ratio (TTM) | 36.23 | 10.32 |
| P/S Ratio (TTM) | 2.10 | 0.56 |
| P/B Ratio (MRQ) | -73.55 | 2.06 |
| Free Cash Flow Yield (TTM) | -2.77% | -1.57% |