FedEx
FDX · Air Freight & Logistics
$298.72
1.7%GXO Logistics
GXO · Air Freight & Logistics
$48.43
1.0%The short version
- FedEx is the larger business, with $94.7B of revenue in fiscal 2026 against $13.2B for GXO Logistics, about 7.2 times as much.
- GXO Logistics grew revenue faster (12.6%, against 7.7%).
- FedEx kept more of each dollar of sales as operating profit (5.8% operating margin, against 1.9% operating margin).
- FedEx turned more of its sales into free cash flow (5.4% FCF margin, against 0.8% FCF margin).
- FedEx earned a higher return on the capital invested in it (9.4%, against 2.3%).
| Latest fiscal year | FDX · FY26 | GXO · FY25 |
|---|---|---|
| Size | ||
| Market cap | $71.4B | $5.6B |
| Revenue | $94.7B | $13.2B |
| Free cash flow | $5.1B | $110M |
| Net income | $4.4B | $32.0M |
| Growth | ||
| Revenue growth | 7.7% | 12.6% |
| 5-year growth | 2.4% | 16.3% |
| Share count change | −1.7% | −2.9% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 5.8% | 1.9% |
| Net margin | 4.7% | 0.2% |
| FCF margin | 5.4% | 0.8% |
| Return on capital | 9.4% | 2.3% |
| Return on equity | 14.9% | 1.1% |
| Balance sheet | ||
| Net debt | $13.9B | $2.2B |
| Net debt / EBITDA | 1.4x | 3.2x |
| Dividends and buybacks | $2.2B | $200M |
| Valuation & quality | ||
| P/E | — | 42.9x |
| Piotroski F-score | 7 | 5 |
FY17
FDX $60.3B
GXO —
FY18
FDX $65.5B
GXO —
FY19
FDX $69.7B
GXO $6.1B
FY20
FDX $69.2B
GXO $6.2B
FY21
FDX $84.0B
GXO $7.9B
FY22
FDX $93.5B
GXO $9.0B
FY23
FDX $90.2B
GXO $9.8B
FY24
FDX $87.7B
GXO $11.7B
FY25
FDX $87.9B
GXO $13.2B
FY26
FDX $94.7B
GXO —
FDX
GXO
FY17
FDX 7.6%
GXO —
FY18
FDX 6.5%
GXO —
FY19
FDX 6.4%
GXO 2.5%
FY20
FDX 3.5%
GXO 0.3%
FY21
FDX 7.0%
GXO 1.9%
FY22
FDX 6.7%
GXO 2.7%
FY23
FDX 5.5%
GXO 3.3%
FY24
FDX 6.3%
GXO 1.9%
FY25
FDX 5.9%
GXO 1.9%
FY26
FDX 5.8%
GXO —
FDX
GXO
FY17
FDX −$186M
GXO —
FY18
FDX −$989M
GXO —
FY19
FDX $123M
GXO −$77.0M
FY20
FDX −$771M
GXO $111M
FY21
FDX $4.3B
GXO $205M
FY22
FDX $3.1B
GXO $200M
FY23
FDX $2.7B
GXO $284M
FY24
FDX $3.1B
GXO $190M
FY25
FDX $3.0B
GXO $110M
FY26
FDX $5.1B
GXO —
FDX
GXO
FY17
FDX 11.7%
GXO —
FY18
FDX 14.3%
GXO —
FY19
FDX 11.2%
GXO —
FY20
FDX 5.4%
GXO —
FY21
FDX 12.5%
GXO 4.8%
FY22
FDX 12.8%
GXO 5.2%
FY23
FDX 9.3%
GXO 6.9%
FY24
FDX 10.2%
GXO 4.4%
FY25
FDX 9.2%
GXO 2.3%
FY26
FDX 9.4%
GXO —
FDX
GXO
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.