Fundamental analysis · SEC EDGAR · as of 31/05/2026

Fundamental analysis of Fedex Corp

FDX · NYSE · Industrial

Fundamental quality

DEMANDING

52

out of 100

Fedex Corp earns a fundamental-quality score of 52 out of 100, profiling it as a company with demanding fundamentals. Its score rests mainly on its financial strength (net debt 1.19× EBITDA). Its weakest area is its growth (revenue +2.4%/yr). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

FedEx is one of the world's largest parcel and logistics networks, moving millions of shipments a day by air and road. Its business is a thermometer of global commerce, with express delivery and e-commerce as pillars.

What will shape its future

  • The economic cycle and commerce volumes (e-commerce and B2B): its demand rises and falls with activity.
  • Its efficiency program and the integration of its air and ground networks to defend margins.
  • Competition (UPS, Amazon with its own logistics) and fuel prices.

Breakdown by area

I.Growth
27

EPS growth: -3.3% · Revenue growth: 2.4%

II.Profitability
58

Net margin: 4.7% · ROE: 14% · ROIC: 9.7%

III.Financial health
72

Net debt/EBITDA: 1.19x · FCF: 5.4%

Source: SEC EDGAR · as of 31/05/2026

The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.

Versus its sector

Percentile against the other 69 Industrial companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 26%
ROEbeats 43%
Growthbeats 15%
Cash generationbeats 32%
Less debtbeats 64%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Fedex Corp strengths

  • Positive free cash flow year after year, a self-funding business.

Fedex Corp risks and weaknesses

  • Declining earnings per share (-3.3% annualized).
  • Thin margins (net margin of 4.7%), little cushion for setbacks.
  • Weak revenue growth (2.4% annualized).

Fedex Corp historical evolution

YearRevenueNet incomeFree cash flowNet debt
202183,9595,2314,25112,335
202293,5123,8263,06912,899
202390,1553,9722,67412,923
202487,6934,3313,13613,702
202587,9264,0922,98115,077
202694,7204,4335,11611,658

Between 2021 and 2026, revenue went from $83,959M to $94,720M (+13%) and net income went from $5,231M to $4,433M (-15%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

What changed with the May 31, 2026 results

Compared with the previous close (February 28, 2026), this is what moved in its accounts:

  • Quality score6752
  • ROE15%14%
  • Revenue growth5.1%2.4%
  • Net debt/EBITDA1.48×1.19×

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$5.8

per share, yearly

31% of earnings

Payout

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is Fedex Corp cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is Fedex Corp a good company to invest in?

In terms of business quality, Fedex Corp scores 52 out of 100 in our analysis, placing it as a company with demanding fundamentals. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Fedex Corp a profitable company?

Fedex Corp is profitable, with a net margin of 4.7%, though a thin one.

Does Fedex Corp have a lot of debt?

Not particularly. Its net debt is 1.19 times its EBITDA, a low level.

Is Fedex Corp growing?

Its revenue has grown 2.4% annualized in recent years.

Does Fedex Corp generate cash?

Yes. It converts about 5.4% of its revenue into free cash flow, and has done so positively year after year.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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