FEDEX CORP (FDX) Fundamental Analysis & Valuation
NYSE:FDX • US31428X1063
357.97 USD
-3.42 (-0.95%)
Last: Mar 12, 2026, 02:26 PM
This FDX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Overall FDX gets a fundamental rating of 6 out of 10. We evaluated FDX against 23 industry peers in the Air Freight & Logistics industry. While FDX belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. FDX has a correct valuation and a medium growth rate. FDX also has an excellent dividend rating.
1. FDX Profitability Analysis
1.1 Basic Checks
- In the past year FDX was profitable.
- FDX had a positive operating cash flow in the past year.
- FDX had positive earnings in each of the past 5 years.
- Each year in the past 5 years FDX had a positive operating cash flow.
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 has a better Return On Equity (15.39%) than 82.61% of its industry peers.
- FDX has a better Return On Invested Capital (6.56%) than 73.91% of its industry peers.
- FDX had an Average Return On Invested Capital over the past 3 years of 6.03%. This is significantly below the industry average of 11.97%.
- The 3 year average ROIC (6.03%) for FDX is below the current ROIC(6.56%), indicating increased profibility in the last year.
| 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
- Looking at the Profit Margin, with a value of 4.81%, FDX belongs to the top of the industry, outperforming 82.61% of the companies in the same industry.
- FDX's Profit Margin has improved in the last couple of years.
- 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.
- The Gross Margin of FDX (71.27%) is better than 95.65% of its industry peers.
- In the last couple of years the Gross Margin of FDX has remained more or less at the same level.
| 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. FDX Health Analysis
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FDX is destroying value.
- FDX has less shares outstanding than it did 1 year ago.
- FDX has less shares outstanding than it did 5 years ago.
- FDX has a worse debt/assets ratio than last year.
2.2 Solvency
- FDX has an Altman-Z score of 2.80. This is not the best score and indicates that FDX is in the grey zone with still only limited risk for bankruptcy at the moment.
- FDX has a Altman-Z score of 2.80. This is comparable to the rest of the industry: FDX outperforms 56.52% 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 Debt to FCF ratio of 4.87. This is in the better half of the industry: FDX outperforms 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 Debt to Equity ratio of 0.72. This is in the lower half of the industry: FDX underperforms 65.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 4.87 | ||
| Altman-Z | 2.8 |
ROIC/WACC0.85
WACC7.67%
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.
- Looking at the Current ratio, with a value of 1.27, FDX is doing worse than 65.22% of the companies in the same industry.
- A Quick Ratio of 1.23 indicates that FDX should not have too much problems paying its short term obligations.
- With a Quick ratio value of 1.23, FDX is not doing good in the industry: 65.22% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.27 | ||
| Quick Ratio | 1.23 |
3. FDX Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an nice 13.65% over the past year.
- The Earnings Per Share has been growing by 13.92% on average over the past years. This is quite good.
- FDX shows a small growth in Revenue. In the last year, the Revenue has grown by 3.09%.
- FDX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.90% yearly.
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
- Based on estimates for the next years, FDX will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.88% on average per year.
- FDX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.47% yearly.
EPS Next Y3.18%
EPS Next 2Y9.61%
EPS Next 3Y10.79%
EPS Next 5Y11.88%
Revenue Next Year6.09%
Revenue Next 2Y5.13%
Revenue Next 3Y4.79%
Revenue Next 5Y4.47%
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.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. FDX Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 18.62, the valuation of FDX can be described as rather expensive.
- 78.26% of the companies in the same industry are more expensive than FDX, based on the Price/Earnings ratio.
- The average S&P500 Price/Earnings ratio is at 26.15. FDX is valued slightly cheaper when compared to this.
- FDX is valuated correctly with a Price/Forward Earnings ratio of 16.34.
- Based on the Price/Forward Earnings ratio, FDX is valued cheaper than 86.96% of the companies in the same industry.
- FDX's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.62 | ||
| Fwd PE | 16.34 |
4.2 Price Multiples
- FDX's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. FDX is cheaper than 78.26% of the companies in the same industry.
- 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 | 19.36 | ||
| EV/EBITDA | 9.32 |
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)5.86
PEG (5Y)1.34
EPS Next 2Y9.61%
EPS Next 3Y10.79%
5. FDX Dividend Analysis
5.1 Amount
- FDX has a Yearly Dividend Yield of 1.55%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 1.10, FDX pays a better dividend. On top of this FDX pays more dividend than 86.96% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, FDX has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.55% |
5.2 History
- The dividend of FDX is nicely growing with an annual growth rate of 16.41%!
- FDX has been paying a dividend for at least 10 years, so it has 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 2Y9.61%
EPS Next 3Y10.79%
FDX Fundamentals: All Metrics, Ratios and Statistics
NYSE:FDX (3/12/2026, 2:26:09 PM)
357.97
-3.42 (-0.95%)
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 Owners81.31%
Inst Owner Change1.32%
Ins Owners0.26%
Ins Owner Change0.17%
Market Cap84.17B
Revenue(TTM)90.09B
Net Income(TTM)4.33B
Analysts75.29
Price Target377.76 (5.53%)
Short Float %1.61%
Short Ratio1.8
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.55% |
Yearly Dividend5.55
Dividend Growth(5Y)16.41%
DP31.16%
Div Incr Years4
Div Non Decr Years22
Ex-Date03-09 2026-03-09 (1.45)
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)17.57%
PT rev (3m)34.42%
EPS NQ rev (1m)2.05%
EPS NQ rev (3m)-2.97%
EPS NY rev (1m)0.45%
EPS NY rev (3m)2.96%
Revenue NQ rev (1m)0.21%
Revenue NQ rev (3m)1.17%
Revenue NY rev (1m)0.18%
Revenue NY rev (3m)1.3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.62 | ||
| Fwd PE | 16.34 | ||
| P/S | 0.93 | ||
| P/FCF | 19.36 | ||
| P/OCF | 10.27 | ||
| P/B | 2.99 | ||
| P/tB | 3.91 | ||
| EV/EBITDA | 9.32 |
EPS(TTM)19.23
EY5.37%
EPS(NY)21.9
Fwd EY6.12%
FCF(TTM)18.49
FCFY5.17%
OCF(TTM)34.87
OCFY9.74%
SpS383.18
BVpS119.68
TBVpS91.5
PEG (NY)5.86
PEG (5Y)1.34
Graham Number227.56
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 | 2.8 |
F-Score7
WACC7.67%
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 Y3.18%
EPS Next 2Y9.61%
EPS Next 3Y10.79%
EPS Next 5Y11.88%
Revenue 1Y (TTM)3.09%
Revenue growth 3Y-2.03%
Revenue growth 5Y4.9%
Sales Q2Q%6.84%
Revenue Next Year6.09%
Revenue Next 2Y5.13%
Revenue Next 3Y4.79%
Revenue Next 5Y4.47%
EBIT growth 1Y10.09%
EBIT growth 3Y-2.31%
EBIT growth 5Y16.35%
EBIT Next Year75.75%
EBIT Next 3Y27%
EBIT Next 5Y17.83%
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%.