Friday 6 November 2026
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FedEx Corporation
FDX Industrials Integrated Freight & Logistics
FedEx Corporation’s revenue for fiscal 2026 (year ended May 2026) was $94.7 billion, up 7.73% from fiscal 2025.
- Revenue
- +11.9%
- EPS
- −68.5%
- Free cash flow
- +62.2%
- Total debt
- −18.3%
Quarter to September 2026, against a year earlier
310.94
5.86
−1.85%
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| May '17 | May '18 | May '19 | May '20 | May '21 | May '22 | May '23 | May '24 | May '25 | May '26 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
8 | 6 | 6 | 6 | 6 | 6 | 7 | 7 | 6 | 7 |
P/E ratio |
13.67 | 11.56 | 61.17 | 20.74 | 12.49 | 12.22 | 11.04 | 11.53 | 10.13 | 17.78 |
Altman Z-Score |
3.02 | 3.23 | 2.80 | 1.92 | 2.52 | 2.40 | 2.29 | 2.41 | 2.32 | 2.56 |
P/S ratio |
0.67 | 0.80 | 0.46 | 0.39 | 0.77 | 0.50 | 0.48 | 0.57 | 0.47 | 0.86 |
Altman Z″-Score (non-manufacturers) |
3.19 | 3.18 | 3.03 | 2.23 | 2.63 | 2.62 | 2.52 | 2.73 | 2.66 | 2.93 |
P/FCF ratio |
13,566.89 | 0.00 | 0.00 | 0.00 | 9.57 | 11.28 | 15.83 | 69.34 | 26.83 | 20.58 |
P/Operating CF |
17.81 | 14.95 | 13.93 | 14.69 | 23.62 | 13.31 | 12.68 | 18.43 | 16.45 | 24.47 |
Beneish M-Score |
(2.60) | (2.38) | (2.83) | (2.37) | (2.55) | (2.78) | (2.87) | (2.72) | (2.53) | (2.65) |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 70 |
P/B ratio |
2.53 | 2.70 | 1.80 | 1.46 | 2.68 | 1.87 | 1.68 | 1.80 | 1.48 | 2.52 |
Price to Tangible BV |
4.56 | 4.22 | 2.93 | 2.24 | 3.77 | 2.53 | 2.22 | 2.35 | 1.93 | 3.97 |
EV/Sales |
0.86 | 1.01 | 0.68 | 0.63 | 0.94 | 0.64 | 0.64 | 0.72 | 0.64 | 0.95 |
EV/EBITDA |
6.22 | 7.66 | 4.99 | 5.39 | 6.83 | 4.60 | 5.14 | 5.73 | 4.86 | 7.75 |
EV/Operating CF |
6.83 | 10.66 | 6.05 | 6.11 | 5.11 | 4.31 | 4.80 | 7.63 | 8.03 | 9.87 |
EV/FCF |
17,220.89 | (31.98) | (240.65) | (22.64) | 11.60 | 14.51 | 20.80 | 88.45 | 36.59 | 22.68 |
Quick Ratio |
1.46 | 1.22 | 1.27 | 1.45 | 1.40 | 1.31 | 1.25 | 1.24 | 1.09 | 1.37 |
Current Ratio |
1.59 | 1.39 | 1.45 | 1.58 | 1.51 | 1.43 | 1.37 | 1.36 | 1.19 | 1.48 |
Net Debt/EBITDA |
1.45 | 1.72 | 1.95 | 2.65 | 1.43 | 1.31 | 1.49 | 1.37 | 1.59 | 1.26 |
Debt/Assets |
30.75% | 31.69% | 32.32% | 29.92% | 25.22% | 23.56% | 23.62% | 23.22% | 23.48% | 25.99% |
Debt/Equity |
0.93 | 0.85 | 0.99 | 1.20 | 0.86 | 0.81 | 0.79 | 0.73 | 0.73 | 0.81 |
Asset Turnover |
1.28 | 1.30 | 1.31 | 1.08 | 1.07 | 1.11 | 1.04 | 1.01 | 1.01 | 1.02 |
Operating CF/Net income |
1.65 | 1.02 | 10.39 | 3.96 | 1.94 | 2.57 | 2.23 | 1.92 | 1.72 | 2.01 |
Capex/Depreciation |
(1.66) | (1.62) | (1.61) | (1.44) | (1.52) | (1.68) | (1.42) | (1.14) | (0.92) | (0.85) |
Interest Coverage |
8.92 | 7.66 | 7.60 | 3.60 | 7.39 | 9.06 | 7.08 | 7.46 | 6.61 | 5.63 |
| 20.08% | 25.77% | 2.91% | 7.13% | 24.64% | 15.58% | 15.57% | 16.14% | 14.70% | 14.85% | |
| 6.34% | 9.06% | 1.01% | 2.01% | 6.69% | 4.53% | 4.59% | 4.97% | 4.69% | 4.75% | |
ROIC |
10.56% | 8.16% | 8.45% | 4.27% | 9.64% | 10.19% | 7.71% | 8.42% | 7.56% | 7.75% |
Return on Tangible Assets |
9.77% | 14.35% | 1.57% | 3.24% | 12.26% | 8.66% | 8.69% | 9.35% | 9.17% | 8.69% |
Average Days of Receivables |
45.98 | 47.30 | 47.74 | 53.27 | 52.47 | 46.30 | 41.25 | 41.98 | 47.19 | 48.83 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
36.45% | 36.36% | 35.55% | 36.16% | 35.94% | 34.28% | 34.41% | 35.31% | 35.52% | 35.73% |
Intangible Assets out of Total Assets |
0.15 | 0.13 | 0.13 | 0.09 | 0.08 | 0.08 | 0.07 | 0.07 | 0.08 | 0.07 |
Share Based Compensation of Revenue |
0.26% | 0.26% | 0.25% | 0.24% | 0.24% | 0.20% | 0.20% | 0.19% | 0.18% | 0.19% |
Graham Net Nets |
(0.49) | (0.37) | (0.74) | (1.45) | (0.59) | (0.87) | (0.97) | (0.83) | (0.99) | (0.49) |
Graham Number |
123.36 | 166.80 | 55.10 | 88.25 | 201.14 | 175.95 | 189.81 | 208.63 | 210.98 | 0.00 |
Earnings Yield |
7.31% | 8.65% | 1.63% | 4.82% | 8.00% | 8.19% | 9.06% | 8.68% | 9.87% | 5.63% |
Free Cash Flow Yield |
0.01% | (3.92%) | (0.61%) | (7.25%) | 10.45% | 8.86% | 6.32% | 1.44% | 3.73% | 4.86% |
Revenue per Share |
226.76 | 245.13 | 266.00 | 265.20 | 318.03 | 355.56 | 354.94 | 353.60 | 364.84 | 399.66 |
Operating CF per Share |
18.53 | 17.51 | 21.42 | 19.53 | 38.39 | 37.38 | 34.83 | 33.52 | 29.20 | 37.66 |
Capex per Share |
(18.73) | (21.05) | (20.64) | (22.40) | (21.90) | (25.36) | (23.98) | (20.41) | (16.35) | (15.66) |
Free Cash Flow per Share |
(0.19) | (3.55) | 0.79 | (2.87) | 16.49 | 12.03 | 10.86 | 13.10 | 12.85 | 22.00 |
Cash per Share |
14.92 | 12.23 | 8.85 | 18.70 | 26.84 | 26.22 | 26.99 | 26.21 | 22.83 | 56.16 |
Shareholders Equity per Share |
60.42 | 72.72 | 67.77 | 70.10 | 91.55 | 94.83 | 102.71 | 111.22 | 116.49 | 133.53 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
60.42 | 72.72 | 67.77 | 70.10 | 91.55 | 94.83 | 102.71 | 111.22 | 116.49 | 133.53 |
Free Cash Flow |
(51.00) | (947.00) | 206.00 | (749.00) | 4,353.00 | 3,163.00 | 2,758.00 | 3,250.00 | 3,096.00 | 5,213.00 |
Working Capital |
4,710.00 | 3,714.00 | 4,073.00 | 6,039.00 | 6,920.00 | 6,091.00 | 5,024.00 | 4,852.00 | 2,975.00 | 8,991.00 |
Capital Expenditures |
(4,981.00) | (5,621.00) | (5,407.00) | (5,846.00) | (5,782.00) | (6,669.00) | (6,090.00) | (5,062.00) | (3,940.00) | (3,712.00) |
Net Current Asset Value |
(19,851.00) | (19,573.00) | (23,560.00) | (38,859.00) | (38,029.00) | (40,690.00) | (42,445.00) | (41,218.00) | (41,167.00) | (39,387.00) |
EV/EBIT |
11.31 | 15.41 | 10.56 | 18.14 | 13.41 | 9.61 | 11.69 | 11.41 | 10.84 | 16.78 |
Capex to Sales |
0.08 | 0.09 | 0.08 | 0.08 | 0.07 | 0.07 | 0.07 | 0.06 | 0.04 | 0.04 |
Price to Operating Income |
8.91 | 12.29 | 7.14 | 11.06 | 11.06 | 7.47 | 8.90 | 8.94 | 7.95 | 15.22 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.12 | 0.12 | 0.11 | 0.12 | 0.11 | 0.10 | 0.11 | 0.11 | 0.10 | 0.10 |
Cash ROIC |
(0.15%) | (2.41%) | 0.55% | (1.66%) | 8.35% | 6.07% | 5.15% | 5.99% | 5.72% | 7.38% |
Accounts Receivable Turnover |
8.12 | 8.14 | 7.92 | 7.20 | 7.57 | 7.81 | 8.18 | 8.65 | 8.20 | 7.88 |
Accounts Payable Turnover |
5.76 | 6.45 | 6.84 | 6.55 | 6.91 | 7.43 | 7.03 | 7.28 | 7.42 | 6.90 |
Inventory Turnover |
32.48 | 35.56 | 38.11 | 36.66 | 42.37 | 47.77 | 44.64 | 42.09 | 42.01 | 43.54 |
Average Days of Payables |
61.24 | 58.81 | 53.84 | 57.86 | 57.09 | 50.32 | 50.71 | 45.41 | 52.76 | 57.07 |
Days of Inventory on Hand |
11.44 | 10.37 | 9.83 | 10.12 | 8.73 | 7.95 | 7.96 | 8.74 | 8.60 | 8.82 |
Average Receivables |
7,425.50 | 8,040.00 | 8,798.50 | 9,609.00 | 11,085.50 | 11,966.00 | 11,025.50 | 10,137.50 | 10,727.50 | 12,020.00 |
Average Payables |
2,848.00 | 2,864.50 | 3,003.50 | 3,149.50 | 3,555.00 | 3,935.50 | 3,939.00 | 3,518.50 | 3,440.50 | 4,009.50 |
Average Inventory |
505.00 | 519.50 | 539.00 | 562.50 | 579.50 | 612.00 | 620.50 | 609.00 | 608.00 | 635.50 |
Average Assets |
47,255.50 | 50,441.00 | 53,366.50 | 63,970.00 | 78,157.00 | 84,385.50 | 86,568.50 | 87,075.00 | 87,317.00 | 93,282.00 |
Average Common Equity |
14,928.50 | 17,744.50 | 18,586.50 | 18,026.00 | 21,231.50 | 24,553.50 | 25,513.50 | 26,835.00 | 27,828.00 | 29,860.50 |
Columns are period end dates · fundamentals updated 2 Nov 2026