FedEx Corporation (FDX) vs Pitney Bowes Inc. (PBI)

FedEx Corporation and Pitney Bowes Inc. are both Integrated Freight & Logistics companies. FedEx Corporation is the larger, with a market value of $67.6B against $2.2B — 30.2× the size. Pitney Bowes Inc. trades at the lower P/E: 13.1× against 15.3×. FedEx Corporation grew revenue faster over the last twelve months: 7.73% against −5.31%. Pitney Bowes Inc. has the higher net margin (10.0% vs 4.68%) and the higher return on invested capital (27.8% vs 7.75%). Both pay a dividend; Pitney Bowes Inc. yields more (6.38% vs 2.08%). Across the 22 metrics below, Pitney Bowes Inc. leads on 12 and FedEx Corporation on 10.

Valuation

Metric FDX PBI Integrated Freight & Logistics median
P/E 15.34 13.10 21.28
P/S 0.71 1.20 0.71
P/B 2.13 n/m 1.67
Price to free cash flow 8.94 5.39 15.27
EV/EBITDA 6.54 7.87 8.95
EV/Sales 0.84 2.14 1.06
Earnings yield 6.52% 7.63% (1.34%)
Free cash flow yield 11.19% 18.55% 0.00%

Profitability

Metric FDX PBI Integrated Freight & Logistics median
Gross margin 70.79% 54.08% 26.33%
Operating margin 5.77% 21.22% 0.92%
Net margin 4.68% 10.04% (0.14%)
Free cash flow margin 7.97% 22.25% 0.00%
Return on equity 14.85% (26.76%) 0.00%
Return on assets 10.12% 5.99% 0.00%
Return on invested capital 7.75% 27.75% 0.00%

Growth

Metric FDX PBI Integrated Freight & Logistics median
Revenue growth (TTM) 7.73% (5.31%) 6.03%
EPS growth (last fiscal year) 10.15% 175.00% —
Revenue growth, 5-year CAGR 2.44% (11.84%) 2.88%
Net income growth, 5-year CAGR (3.26%) 0.00% 0.00%

Health

Metric FDX PBI Integrated Freight & Logistics median
Debt to equity 0.81 (2.36) 0.12
Current ratio 1.48 0.73 1.57
Net debt to EBITDA 1.26 3.79 0.86

Dividend

Metric FDX PBI Integrated Freight & Logistics median
Dividend yield 2.08% 6.38% 2.25%
Payout ratio 0.29 1.11 0.13

Size

Metric FDX PBI Integrated Freight & Logistics median
Market cap 67.57b 2.24b 56.42m

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