FedEx Freight
FDXF · Cargo Ground Transportation
$110.05
0.9%XPO
XPO · Cargo Ground Transportation
$183.21
2.9%The short version
- FedEx Freight is the larger business, with $8.8B of revenue in fiscal 2026 against $8.2B for XPO.
- XPO grew revenue faster (1.1%, against −1.1%).
- XPO kept more of each dollar of sales as operating profit (8.0% operating margin, against 6.1% operating margin).
- XPO turned more of its sales into free cash flow (4.0% FCF margin, against −2.4% FCF margin).
- FedEx Freight earned a higher return on the capital invested in it (13.0%, against 9.5%).
- Investors pay more for each dollar of XPO’s earnings: a P/E of 54.2x against 25.1x for FedEx Freight.
| Latest fiscal year | FDXF · FY26 | XPO · FY25 |
|---|---|---|
| Size | ||
| Market cap | $16.5B | $21.6B |
| Revenue | $8.8B | $8.2B |
| Free cash flow | −$212M | $329M |
| Net income | $655M | $316M |
| Growth | ||
| Revenue growth | −1.1% | 1.1% |
| 5-year growth | — | 5.8% |
| Share count change | 0.0% | −0.8% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 6.1% | 8.0% |
| Net margin | 7.5% | 3.9% |
| FCF margin | −2.4% | 4.0% |
| Return on capital | 13.0% | 9.5% |
| Return on equity | 69.1% | 18.3% |
| Balance sheet | ||
| Net debt | $4.3B | $3.2B |
| Net debt / EBITDA | 4.1x | 2.8x |
| Dividends and buybacks | $48.0M | $125M |
| Valuation & quality | ||
| P/E | 25.1x | 54.2x |
| Piotroski F-score | — | 5 |
FY17
FDXF —
XPO $15.4B
FY18
FDXF —
XPO $17.3B
FY19
FDXF —
XPO $10.7B
FY20
FDXF —
XPO $6.2B
FY21
FDXF —
XPO $7.2B
FY22
FDXF —
XPO $7.7B
FY23
FDXF —
XPO $7.7B
FY24
FDXF $9.4B
XPO $8.1B
FY25
FDXF $8.9B
XPO $8.2B
FY26
FDXF $8.8B
XPO —
FDXF
XPO
FY17
FDXF —
XPO 3.8%
FY18
FDXF —
XPO 4.1%
FY19
FDXF —
XPO 5.3%
FY20
FDXF —
XPO 1.6%
FY21
FDXF —
XPO 4.3%
FY22
FDXF —
XPO 4.9%
FY23
FDXF —
XPO 5.7%
FY24
FDXF 18.6%
XPO 8.2%
FY25
FDXF 15.8%
XPO 8.0%
FY26
FDXF 6.1%
XPO —
FDXF
XPO
FY17
FDXF —
XPO $281M
FY18
FDXF —
XPO $551M
FY19
FDXF —
XPO $250M
FY20
FDXF —
XPO $139M
FY21
FDXF —
XPO $387M
FY22
FDXF —
XPO $303M
FY23
FDXF —
XPO −$839M
FY24
FDXF $1.1B
XPO $19.0M
FY25
FDXF $1.1B
XPO $329M
FY26
FDXF −$212M
XPO —
FDXF
XPO
FY17
FDXF —
XPO 7.3%
FY18
FDXF —
XPO 7.1%
FY19
FDXF —
XPO 5.8%
FY20
FDXF —
XPO 1.1%
FY21
FDXF —
XPO 5.0%
FY22
FDXF —
XPO 6.8%
FY23
FDXF —
XPO 8.4%
FY24
FDXF —
XPO 11.6%
FY25
FDXF —
XPO 9.5%
FY26
FDXF 13.0%
XPO —
FDXF
XPO
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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.