Expeditors International vs FedEx
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The short version
- FedEx is the larger business, with $94.7B of revenue in fiscal 2026 against $11.1B for Expeditors International, about 8.6 times as much.
- FedEx grew revenue faster (7.7%, against 4.4%).
- Expeditors International kept more of each dollar of sales as operating profit (9.5% operating margin, against 5.8%).
- Expeditors International turned more of its sales into free cash flow (8.6% FCF margin, against 5.4%).
| Latest fiscal year | EXPD · FY25 | FDX · FY26 |
|---|---|---|
| Size | ||
| Market cap | $25.8B | $71.4B |
| Revenue | $11.1B | $94.7B |
| Free cash flow | $953M | $5.1B |
| Net income | $810M | $4.4B |
| Growth | ||
| Revenue growth | 4.4% | 7.7% |
| 5-year growth | 2.9% | 2.4% |
| Share count change | −3.9% | −1.7% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 9.5% | 5.8% |
| Net margin | 7.3% | 4.7% |
| FCF margin | 8.6% | 5.4% |
| Return on capital | — | 9.4% |
| Return on equity | 35.4% | 14.9% |
| Balance sheet | ||
| Net debt | — | $13.9B |
| Net debt / EBITDA | — | 1.4x |
| Dividends and buybacks | $875M | $2.2B |
| Valuation & quality | ||
| P/E | 28.6x | — |
| Piotroski F-score | — | 7 |
Revenue
FY17
EXPD $6.9B
FDX $60.3B
FY18
EXPD $8.1B
FDX $65.5B
FY19
EXPD $7.9B
FDX $69.7B
FY20
EXPD $9.6B
FDX $69.2B
FY21
EXPD $16.5B
FDX $84.0B
FY22
EXPD $17.1B
FDX $93.5B
FY23
EXPD $9.3B
FDX $90.2B
FY24
EXPD $10.6B
FDX $87.7B
FY25
EXPD $11.1B
FDX $87.9B
FY26
EXPD —
FDX $94.7B
EXPD
FDX
Operating margin
FY17
EXPD 10.1%
FDX 7.6%
FY18
EXPD 9.8%
FDX 6.5%
FY19
EXPD 9.7%
FDX 6.4%
FY20
EXPD 9.8%
FDX 3.5%
FY21
EXPD 11.6%
FDX 7.0%
FY22
EXPD 10.7%
FDX 6.7%
FY23
EXPD 10.1%
FDX 5.5%
FY24
EXPD 9.8%
FDX 6.3%
FY25
EXPD 9.5%
FDX 5.9%
FY26
EXPD —
FDX 5.8%
EXPD
FDX
Free cash flow
FY17
EXPD $394M
FDX −$186M
FY18
EXPD $525M
FDX −$989M
FY19
EXPD $725M
FDX $123M
FY20
EXPD $607M
FDX −$771M
FY21
EXPD $832M
FDX $4.3B
FY22
EXPD $2.0B
FDX $3.1B
FY23
EXPD $1.0B
FDX $2.7B
FY24
EXPD $683M
FDX $3.1B
FY25
EXPD $953M
FDX $3.0B
FY26
EXPD —
FDX $5.1B
EXPD
FDX
Return on capital
FY17
EXPD —
FDX 11.7%
FY18
EXPD —
FDX 14.3%
FY19
EXPD —
FDX 11.2%
FY20
EXPD —
FDX 5.4%
FY21
EXPD —
FDX 12.5%
FY22
EXPD —
FDX 12.8%
FY23
EXPD —
FDX 9.3%
FY24
EXPD —
FDX 10.2%
FY25
EXPD —
FDX 9.2%
FY26
EXPD —
FDX 9.4%
EXPD
FDX
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.