FedEx vs GXO Logistics
Add, change or remove companies; up to four.
KIRA’s take AI analyst
I put FedEx and GXO Logistics side by side, using each one’s latest annual report. Here is what stands out:
- 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%).
- FedEx turned more of its sales into free cash flow (5.4% FCF margin, against 0.8%).
- FedEx earned a higher return on the capital invested in it (9.4%, against 2.3%).
Who comes out ahead
Of the 10 measures where higher (or lower) is clearly better, how many each company leads.
FedEx
FDX
7/10
Operating marginNet marginFCF marginReturn on capitalReturn on equityPiotroski F-scoreNet debt / EBITDA
GXO Logistics
GXO
3/10
Revenue growth5-year growthShare count change
Side by side
Best in the row
| Latest fiscal year | FDX FY26 | GXO FY25 |
|---|---|---|
| Size | ||
| Market cap | $71.8B | $5.7B |
| 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 | — | 43.6x |
| Piotroski F-score | 7 | 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.