FDXF vs. ZTO: FedEx Freight vs. ZTO Express (Cayman) Stock Comparison
How do FedEx Freight (FDXF) and ZTO Express (Cayman) (ZTO) 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 ZTO Express (Cayman) (ZTO) both fall under the Transportation industry group, but FDXF is classified in Ground Transportation while ZTO is classified in Air Freight & Logistics.
ZTO Express (Cayman) (ZTO) has been public since October 27, 2016 with a meaningfully longer listed history, while FedEx Freight (FDXF) only listed on May 27, 2026 — long-window metrics on the FDXF side should be interpreted with caution.
FedEx Freight (FDXF) trades as ordinary local shares, while ZTO Express (Cayman) (ZTO) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.
| Profile Item | FDXF | ZTO |
|---|---|---|
| Name | FedEx Freight Holding Company, Inc. | ZTO Express (Cayman) Inc. ADR |
| Country/Region | United States | China |
| GICS Sector | Industrials | Industrials |
| GICS Industry Group | Transportation | Transportation |
| GICS Industry | Ground Transportation | Air Freight & Logistics |
| GICS Sub-Industry | Cargo Ground Transportation | Air Freight & Logistics |
| Market Capitalization | 18.47 billion USD | 15.53 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | May 27, 2026 | October 27, 2016 |
| Security Type | Common Stock | ADR |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | FDXF | ZTO |
|---|---|---|
| Total Return (1Y) | -- | 11.22% |
| Total Return (3Y, Annualized) | -- | -1.86% |
| Total Return (5Y, Annualized) | -- | -3.82% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
Both FedEx Freight (FDXF, beta -1.72) and ZTO Express (Cayman) (ZTO, beta -0.18) report negative betas, suggesting inverse market sensitivity over the measurement window. That is unusual for ordinary equities and can reflect commodity-linked or hedge-like exposure, but it can also come from statistical noise; treat both readings with caution.
| Metric | FDXF | ZTO |
|---|---|---|
| Volatility (1Y, Annualized) | 64.08% | 24.57% |
| Beta (5Y) | -1.72 | -0.18 |
| Max Drawdown (5Y) | -42.72% | -49.55% |
| Avg. Volume (3M) | 1.53M | 2.26M |
Risk-Adjusted Performance
Risk-Return Positioning
Both FDXF and ZTO need 1-year volatility and 1-year return to plot risk-return positioning.
Risk-Adjusted Metrics
| Metric | FDXF | ZTO |
|---|---|---|
| Sharpe Ratio (1Y) | -- | 0.28 |
| Sortino Ratio (1Y) | -- | 0.40 |
Profitability
ROE (TTM)
FedEx Freight (FDXF) at 69.09% clears its industry range for ROE, a sharper capital-efficiency signal than ZTO Express (Cayman) (ZTO) at 16.28%, which is closer to a typical peer reading.
FDXF
Transportation industry group
69.09%
- FDXF
- 69.09%
- Max
- 45.08%
- Q3
- 22.02%
- Median
- 13.94%
- Q1
- 2.89%
- Min
- -10.45%
ZTO
Transportation industry group
16.28%
- Max
- 45.08%
- Q3
- 22.02%
- ZTO
- 16.28%
- Median
- 13.94%
- Q1
- 2.89%
- Min
- -10.45%
Net Margin (TTM)
Both FedEx Freight (FDXF) at 7.45% and ZTO Express (Cayman) (ZTO) at 19.04% 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%
ZTO
Transportation industry group
19.04%
- Max
- 50.36%
- Q3
- 21.18%
- ZTO
- 19.04%
- Median
- 5.58%
- Q1
- 1.55%
- Min
- -11.37%
Operating Margin (TTM)
Both FedEx Freight (FDXF) at 14.66% and ZTO Express (Cayman) (ZTO) at 22.19% 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%
ZTO
Transportation industry group
22.19%
- Max
- 59.18%
- Q3
- 29.30%
- ZTO
- 22.19%
- Median
- 11.50%
- Q1
- 4.62%
- Min
- -8.91%
Profitability Metrics
| Metric | FDXF | ZTO |
|---|---|---|
| ROE (TTM) | 69.09% | 16.28% |
| ROA (TTM) | 5.67% | 7.38% |
| Net Margin (TTM) | 7.45% | 19.04% |
| Operating Margin (TTM) | 14.66% | 22.19% |
| Gross Margin (TTM) | 29.28% | 25.10% |
Growth
Revenue Growth
ZTO Express (Cayman) (ZTO) at 10.88% sits in the top revenue growth quartile, while FedEx Freight (FDXF) at -1.09% is closer to the peer norm — faster top-line expansion for ZTO.
EPS Growth
Both FedEx Freight (FDXF) at -51.34% and ZTO Express (Cayman) (ZTO) at 4.58% 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 | ZTO |
|---|---|---|
| Revenue Growth (YoY) | -1.09% | 10.88% |
| Revenue Growth (3Y CAGR) | -4.46% | 11.54% |
| EPS Growth (YoY) | -51.34% | 4.58% |
| EPS Growth (3Y CAGR) | -25.45% | 10.21% |
Financial Strength
Current Ratio (MRQ)
FedEx Freight (FDXF) at 1.52 keeps current ratio within its industry’s typical mid-range, while ZTO Express (Cayman) (ZTO) at 1.67 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.
FDXF
Transportation industry group
1.52
- Max
- 2.58
- Q3
- 1.62
- FDXF
- 1.52
- Median
- 1.16
- Q1
- 0.78
- Min
- 0.22
ZTO
Transportation industry group
1.67
- Max
- 2.58
- ZTO
- 1.67
- Q3
- 1.62
- Median
- 1.16
- Q1
- 0.78
- Min
- 0.22
Debt / Equity (MRQ)
Only one side’s leverage can be read here: ZTO Express (Cayman) (ZTO) carries debt-to-equity ratio of 0.35 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
- --
ZTO
Transportation industry group
0.35
- Max
- 2.75
- Q3
- 1.37
- Median
- 0.78
- ZTO
- 0.35
- Q1
- 0.35
- Min
- 0.00
Financial Strength Metrics
| Metric | FDXF | ZTO |
|---|---|---|
| Current Ratio (MRQ) | 1.52 | 1.67 |
| Debt / Equity (MRQ) | -- | 0.35 |
| Net Debt / EBITDA | 5.94 | -0.62 |
Dividends
Dividend Yield (TTM)
FedEx Freight (FDXF) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile ZTO Express (Cayman) (ZTO) reports a yield of 12.89%, ranking against industry peers normally.
FDXF
Transportation industry group
0.00%
- Max
- 4.68%
- Q3
- 1.99%
- Median
- 0.74%
- FDXF
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
ZTO
Transportation industry group
12.89%
- ZTO
- 12.89%
- Max
- 4.68%
- Q3
- 1.99%
- Median
- 0.74%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
FedEx Freight (FDXF) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile ZTO Express (Cayman) (ZTO) reports a payout of 38.36%, ranking against industry peers normally.
FDXF
Transportation industry group
0.00%
- Max
- 100.89%
- Q3
- 41.68%
- Median
- 20.43%
- FDXF
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
ZTO
Transportation industry group
38.36%
- Max
- 100.89%
- Q3
- 41.68%
- ZTO
- 38.36%
- Median
- 20.43%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | FDXF | ZTO |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 12.89% |
| Dividend Payout Ratio (TTM) | 0.00% | 38.36% |
Valuation
P/E Ratio (TTM)
ZTO Express (Cayman) (ZTO) at 11.37 is near its industry’s usual P/E ratio, while FedEx Freight (FDXF) at 36.23 sits in the richer quartile — FDXF needs stronger growth or earnings quality to justify the premium.
FDXF
Transportation industry group
36.23
- Max
- 46.76
- FDXF
- 36.23
- Q3
- 30.87
- Median
- 20.58
- Q1
- 10.44
- Min
- 0.00
ZTO
Transportation industry group
11.37
- Max
- 46.76
- Q3
- 30.87
- Median
- 20.58
- ZTO
- 11.37
- Q1
- 10.44
- Min
- 0.00
P/S Ratio (TTM)
ZTO Express (Cayman) (ZTO) at 0.29 looks cheap on sales in the lower P/S ratio quartile, while FedEx Freight (FDXF) at 2.10 looks rich in the upper quartile — a clear gap in price per dollar of revenue.
FDXF
Transportation industry group
2.10
- Max
- 4.35
- FDXF
- 2.10
- Q3
- 2.07
- Median
- 0.93
- Q1
- 0.53
- Min
- 0.04
ZTO
Transportation industry group
0.29
- Max
- 4.35
- Q3
- 2.07
- Median
- 0.93
- Q1
- 0.53
- ZTO
- 0.29
- 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 ZTO Express (Cayman) (ZTO) reports 1.66, 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
ZTO
Transportation industry group
1.66
- Max
- 6.29
- Q3
- 3.39
- Median
- 1.90
- ZTO
- 1.66
- Q1
- 1.03
- Min
- -2.07
Valuation Metrics
| Metric | FDXF | ZTO |
|---|---|---|
| P/E Ratio (TTM) | 36.23 | 11.37 |
| P/S Ratio (TTM) | 2.10 | 0.29 |
| P/B Ratio (MRQ) | -73.55 | 1.66 |
| Free Cash Flow Yield (TTM) | -2.77% | 41.42% |