FEDEX CORP (FDX) Stock Fundamental Analysis
NYSE:FDX • US31428X1063
369.46 USD
+2.3 (+0.63%)
At close: Feb 12, 2026
369.46 USD
0 (0%)
After Hours: 2/12/2026, 8:04:00 PM
Taking everything into account, FDX scores 6 out of 10 in our fundamental rating. FDX was compared to 23 industry peers in the Air Freight & Logistics industry. FDX has an excellent profitability rating, but there are some minor concerns on its financial health. FDX has a decent growth rate and is not valued too expensively. Finally FDX also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- FDX had positive earnings in the past year.
- FDX had a positive operating cash flow in the past year.
- In the past 5 years FDX has always been profitable.
- In the past 5 years FDX always reported a positive cash flow from operatings.
1.2 Ratios
- Looking at the Return On Assets, with a value of 4.86%, FDX is in the better half of the industry, outperforming 78.26% of the companies in the same industry.
- FDX's Return On Equity of 15.39% is amongst the best of the industry. FDX outperforms 82.61% of its industry peers.
- With a decent Return On Invested Capital value of 6.56%, FDX is doing good in the industry, outperforming 73.91% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for FDX is significantly below the industry average of 12.38%.
- The last Return On Invested Capital (6.56%) for FDX is above the 3 year average (6.03%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.86% | ||
| ROE | 15.39% | ||
| ROIC | 6.56% |
ROA(3y)4.73%
ROA(5y)4.99%
ROE(3y)15.15%
ROE(5y)16.47%
ROIC(3y)6.03%
ROIC(5y)6.27%
1.3 Margins
- FDX has a better Profit Margin (4.81%) than 82.61% of its industry peers.
- In the last couple of years the Profit Margin of FDX has grown nicely.
- Looking at the Operating Margin, with a value of 7.11%, FDX belongs to the top of the industry, outperforming 86.96% of the companies in the same industry.
- FDX's Operating Margin has improved in the last couple of years.
- FDX's Gross Margin of 71.27% is amongst the best of the industry. FDX outperforms 95.65% of its industry peers.
- FDX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.11% | ||
| PM (TTM) | 4.81% | ||
| GM | 71.27% |
OM growth 3Y-0.28%
OM growth 5Y10.92%
PM growth 3Y4.41%
PM growth 5Y20.17%
GM growth 3Y1.06%
GM growth 5Y0.21%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FDX is destroying value.
- The number of shares outstanding for FDX has been reduced compared to 1 year ago.
- The number of shares outstanding for FDX has been reduced compared to 5 years ago.
- FDX has a worse debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 2.82 indicates that FDX is not a great score, but indicates only limited risk for bankruptcy at the moment.
- FDX has a better Altman-Z score (2.82) than 60.87% of its industry peers.
- The Debt to FCF ratio of FDX is 4.87, which is a neutral value as it means it would take FDX, 4.87 years of fcf income to pay off all of its debts.
- FDX has a better Debt to FCF ratio (4.87) than 78.26% of its industry peers.
- FDX has a Debt/Equity ratio of 0.72. This is a neutral value indicating FDX is somewhat dependend on debt financing.
- FDX has a worse Debt to Equity ratio (0.72) than 65.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 4.87 | ||
| Altman-Z | 2.82 |
ROIC/WACC0.85
WACC7.71%
2.3 Liquidity
- FDX has a Current Ratio of 1.27. This is a normal value and indicates that FDX is financially healthy and should not expect problems in meeting its short term obligations.
- FDX's Current ratio of 1.27 is on the low side compared to the rest of the industry. FDX is outperformed by 69.57% of its industry peers.
- FDX has a Quick Ratio of 1.23. This is a normal value and indicates that FDX is financially healthy and should not expect problems in meeting its short term obligations.
- FDX's Quick ratio of 1.23 is on the low side compared to the rest of the industry. FDX is outperformed by 65.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.27 | ||
| Quick Ratio | 1.23 |
3. Growth
3.1 Past
- FDX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.65%, which is quite good.
- The Earnings Per Share has been growing by 13.92% on average over the past years. This is quite good.
- The Revenue has been growing slightly by 3.09% in the past year.
- The Revenue has been growing slightly by 4.90% on average over the past years.
EPS 1Y (TTM)13.65%
EPS 3Y-4.09%
EPS 5Y13.92%
EPS Q2Q%19.01%
Revenue 1Y (TTM)3.09%
Revenue growth 3Y-2.03%
Revenue growth 5Y4.9%
Sales Q2Q%6.84%
3.2 Future
- FDX is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.48% yearly.
- The Revenue is expected to grow by 4.28% on average over the next years.
EPS Next Y2.72%
EPS Next 2Y8.37%
EPS Next 3Y9.15%
EPS Next 5Y11.48%
Revenue Next Year5.9%
Revenue Next 2Y5.11%
Revenue Next 3Y4.66%
Revenue Next 5Y4.28%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
- The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 19.21, FDX is valued on the expensive side.
- FDX's Price/Earnings ratio is a bit cheaper when compared to the industry. FDX is cheaper than 78.26% of the companies in the same industry.
- FDX is valuated rather cheaply when we compare the Price/Earnings ratio to 27.67, which is the current average of the S&P500 Index.
- FDX is valuated rather expensively with a Price/Forward Earnings ratio of 17.26.
- FDX's Price/Forward Earnings ratio is rather cheap when compared to the industry. FDX is cheaper than 86.96% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 27.69. FDX is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.21 | ||
| Fwd PE | 17.26 |
4.2 Price Multiples
- 82.61% of the companies in the same industry are more expensive than FDX, based on the Enterprise Value to EBITDA ratio.
- Based on the Price/Free Cash Flow ratio, FDX is valued cheaper than 91.30% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.05 | ||
| EV/EBITDA | 9.48 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates FDX does not grow enough to justify the current Price/Earnings ratio.
- FDX has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)7.06
PEG (5Y)1.38
EPS Next 2Y8.37%
EPS Next 3Y9.15%
5. Dividend
5.1 Amount
- FDX has a Yearly Dividend Yield of 1.59%.
- Compared to an average industry Dividend Yield of 1.07, FDX pays a better dividend. On top of this FDX pays more dividend than 86.96% of the companies listed in the same industry.
- FDX's Dividend Yield is comparable with the S&P500 average which is at 1.80.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.59% |
5.2 History
- The dividend of FDX is nicely growing with an annual growth rate of 16.41%!
- FDX has paid a dividend for at least 10 years, which is a reliable track record.
- FDX has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)16.41%
Div Incr Years4
Div Non Decr Years22
5.3 Sustainability
- FDX pays out 31.16% of its income as dividend. This is a sustainable payout ratio.
- FDX's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP31.16%
EPS Next 2Y8.37%
EPS Next 3Y9.15%
369.46
+2.3 (+0.63%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)12-18 2025-12-18/amc
Earnings (Next)03-19 2026-03-19/amc
Inst Owners80.48%
Inst Owner Change-2.06%
Ins Owners0.26%
Ins Owner Change0.17%
Market Cap87.18B
Revenue(TTM)90.09B
Net Income(TTM)4.33B
Analysts75.29
Price Target321.31 (-13.03%)
Short Float %1.57%
Short Ratio1.97
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.59% |
Yearly Dividend5.55
Dividend Growth(5Y)16.41%
DP31.16%
Div Incr Years4
Div Non Decr Years22
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10.88%
Min EPS beat(2)5.52%
Max EPS beat(2)16.25%
EPS beat(4)3
Avg EPS beat(4)5.91%
Min EPS beat(4)-1.52%
Max EPS beat(4)16.25%
EPS beat(8)6
Avg EPS beat(8)1.56%
EPS beat(12)8
Avg EPS beat(12)4.27%
EPS beat(16)9
Avg EPS beat(16)1.64%
Revenue beat(2)2
Avg Revenue beat(2)1.82%
Min Revenue beat(2)1.69%
Max Revenue beat(2)1.95%
Revenue beat(4)4
Avg Revenue beat(4)1.22%
Min Revenue beat(4)0.3%
Max Revenue beat(4)1.95%
Revenue beat(8)4
Avg Revenue beat(8)-0.32%
Revenue beat(12)4
Avg Revenue beat(12)-1.16%
Revenue beat(16)4
Avg Revenue beat(16)-1.44%
PT rev (1m)4.92%
PT rev (3m)17.91%
EPS NQ rev (1m)0.26%
EPS NQ rev (3m)-4.12%
EPS NY rev (1m)0.58%
EPS NY rev (3m)2.67%
Revenue NQ rev (1m)0.07%
Revenue NQ rev (3m)1.03%
Revenue NY rev (1m)0.32%
Revenue NY rev (3m)1.26%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.21 | ||
| Fwd PE | 17.26 | ||
| P/S | 0.97 | ||
| P/FCF | 20.05 | ||
| P/OCF | 10.63 | ||
| P/B | 3.1 | ||
| P/tB | 4.05 | ||
| EV/EBITDA | 9.48 |
EPS(TTM)19.23
EY5.2%
EPS(NY)21.41
Fwd EY5.8%
FCF(TTM)18.43
FCFY4.99%
OCF(TTM)34.74
OCFY9.4%
SpS381.81
BVpS119.26
TBVpS91.18
PEG (NY)7.06
PEG (5Y)1.38
Graham Number227.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.86% | ||
| ROE | 15.39% | ||
| ROCE | 8.78% | ||
| ROIC | 6.56% | ||
| ROICexc | 7.2% | ||
| ROICexgc | 8% | ||
| OM | 7.11% | ||
| PM (TTM) | 4.81% | ||
| GM | 71.27% | ||
| FCFM | 4.83% |
ROA(3y)4.73%
ROA(5y)4.99%
ROE(3y)15.15%
ROE(5y)16.47%
ROIC(3y)6.03%
ROIC(5y)6.27%
ROICexc(3y)6.59%
ROICexc(5y)6.9%
ROICexgc(3y)7.32%
ROICexgc(5y)7.71%
ROCE(3y)8.07%
ROCE(5y)8.39%
ROICexgc growth 3Y-3.37%
ROICexgc growth 5Y12.94%
ROICexc growth 3Y-3.24%
ROICexc growth 5Y13.26%
OM growth 3Y-0.28%
OM growth 5Y10.92%
PM growth 3Y4.41%
PM growth 5Y20.17%
GM growth 3Y1.06%
GM growth 5Y0.21%
F-Score7
Asset Turnover1.01
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 4.87 | ||
| Debt/EBITDA | 1.9 | ||
| Cap/Depr | 89.89% | ||
| Cap/Sales | 4.27% | ||
| Interest Coverage | 7.48 | ||
| Cash Conversion | 76.72% | ||
| Profit Quality | 100.37% | ||
| Current Ratio | 1.27 | ||
| Quick Ratio | 1.23 | ||
| Altman-Z | 2.82 |
F-Score7
WACC7.71%
ROIC/WACC0.85
Cap/Depr(3y)121.23%
Cap/Depr(5y)137.83%
Cap/Sales(3y)5.79%
Cap/Sales(5y)6.32%
Profit Quality(3y)70.96%
Profit Quality(5y)74.93%
High Growth Momentum
Growth
EPS 1Y (TTM)13.65%
EPS 3Y-4.09%
EPS 5Y13.92%
EPS Q2Q%19.01%
EPS Next Y2.72%
EPS Next 2Y8.37%
EPS Next 3Y9.15%
EPS Next 5Y11.48%
Revenue 1Y (TTM)3.09%
Revenue growth 3Y-2.03%
Revenue growth 5Y4.9%
Sales Q2Q%6.84%
Revenue Next Year5.9%
Revenue Next 2Y5.11%
Revenue Next 3Y4.66%
Revenue Next 5Y4.28%
EBIT growth 1Y10.09%
EBIT growth 3Y-2.31%
EBIT growth 5Y16.35%
EBIT Next Year75.16%
EBIT Next 3Y25.95%
EBIT Next 5Y16.61%
FCF growth 1Y6.05%
FCF growth 3Y-0.97%
FCF growth 5YN/A
OCF growth 1Y-15.72%
OCF growth 3Y-10.55%
OCF growth 5Y6.66%
FEDEX CORP / FDX FAQ
Can you provide the ChartMill fundamental rating for FEDEX CORP?
ChartMill assigns a fundamental rating of 6 / 10 to FDX.
What is the valuation status of FEDEX CORP (FDX) stock?
ChartMill assigns a valuation rating of 6 / 10 to FEDEX CORP (FDX). This can be considered as Fairly Valued.
What is the profitability of FDX stock?
FEDEX CORP (FDX) has a profitability rating of 8 / 10.
Can you provide the financial health for FDX stock?
The financial health rating of FEDEX CORP (FDX) is 4 / 10.
How sustainable is the dividend of FEDEX CORP (FDX) stock?
The dividend rating of FEDEX CORP (FDX) is 7 / 10 and the dividend payout ratio is 31.16%.