FedEx Freight vs XPO
Add, change or remove companies; up to four.
KIRA’s take AI analyst
I put FedEx Freight and XPO side by side, using each one’s latest annual report. Here is what stands out:
- 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%).
- XPO turned more of its sales into free cash flow (4.0% FCF margin, against −2.4%).
- FedEx Freight earned a higher return on the capital invested in it (13.0%, against 9.5%).
Who comes out ahead
Of the 8 measures where higher (or lower) is clearly better, how many each company leads.
FedEx Freight
FDXF
3/8
Net marginReturn on capitalReturn on equity
XPO
XPO
5/8
Revenue growthOperating marginFCF marginNet debt / EBITDAShare count change
Side by side
Best in the row
| Latest fiscal year | FDXF FY26 | XPO FY25 |
|---|---|---|
| Size | ||
| Market cap | $16.4B | $21.5B |
| 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 | — | 53.9x |
| Piotroski F-score | — | 5 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
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.