FedEx (FDX) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

FedEx

NYSE•Industrials•Integrated Freight & Logistics

$305.88+4.16(0.01%)After hours

Market Cap

$74.05B

P/E

16.7x

P/S

0.8x

P/B

2.3x

FedEx Corporation, together with its subsidiaries, provides transportation, e-commerce, and business services in the United States and internationally. The company operates through two segments, Express U.S. Domestic and Express International. It provides e-commerce and digital solutions; dataworks; printing and shipping management, including digital printing, professional finishing, document creation, design solutions, direct mail, signs and graphics, custom-branded boxes, copying, computer rental, Wi-Fi, corporate print solutions, shredding, U.S. passport processing and renewal, and digital notarization; packing services, as well as packing supplies and boxes; document and business services; and retail access for package transportation. In addition, the company offers logistics services, air and ocean cargo transportation, specialty transportation, customs brokerage, trade management tools and data, and door-to-door solutions; and third party logistics and supply chain management solutions, such as inbound logistics, warehousing and distribution, fulfillment, contract packaging and product configuration, systems integration, returns process and disposition, test, repair, refurbishment, and product liquidation. Further, it provides sales, marketing, administrative, information technology, and back-office support services. FedEx Corporation was founded in 1971 and is headquartered in Memphis, Tennessee.

How this company scores

GoodMetricSide Score: 75/100

Strongest: Cash & Earnings Quality (25/25); weakest: Balance Sheet & Red Flags (15/25).

Profitability16/25

Growth19/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality25/25

Strengths

Rising free cash flowCash-backed earningsConsistent free cash flowConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 16.7x5y range 9.1x – 16.7x

Currently above its 20-quarter median.

P/S · 0.8x5y range 0.4x – 0.8x

Currently above its 20-quarter median.

P/B · 2.3x5y range 1.5x – 2.5x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $74.05B

Metrics at a Glance

as of May 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $94.72B
Q. Revenue: $25.01B
TTM EBITDA: $9.83B
TTM Op. Income: $5.46B
Q. Op. Income: $1.55B
TTM Net Income: $4.43B
Q. Net Income: $1.60B
EPS: $6.614
Shares Out.: $241.00M

$94.72B in TTM revenue grew 7.7% YoY, reaching $25.01B last quarter. TTM EBITDA of $9.83B and TTM operating income of $5.46B show growth is flowing through to the bottom line. TTM net income of $4.43B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 6 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 10.6%
Op. Margin: 6.2%
Net Margin: 6.4%

Op. margin of 6.2% is down 1.9% YoY — costs are rising relative to revenue. Net margin at 6.4% Over the past year, operating margin is down 23% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 16.7x
P/S Ratio: 0.8x
P/B Ratio: 2.3x

At 16.7x P/E, the stock trades within typical market levels. P/S of 0.8x and P/B of 2.3x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 4 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $98.94B
Cash: $13.31B
Long-Term Debt: $23.29B
Book Value: $31.65B
D/E Ratio: 0.7
Debt/EBITDA: 8.8

With $98.94B in assets and $23.29B in long-term debt, D/E is 0.7and book value is $31.65B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 8% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $3.27B
TTM Free Cash Flow: $5.12B
FCF Margin: 5.4%
FCF / Net Income: 1.2

TTM FCF of $5.12B on $3.27B in operating cash flow. The FCF / Net Income ratio of 1.2x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 4 consecutive quarters — an improving trend.