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Not Investment Advice

FDXF

NYSE · USD
FedEx Freight Holding Company, Inc.
Industrials · Integrated Freight & Logistics
CEO John Smith Employees 40,000 R&D / revenue —
Last price
$113.21+2.45%last session
Market cap
$16.9B
P/E (TTM)
29.3x
From 52w high
−43.4%
From 52w low
+7.1%
1-year return
—
RSI 14 · vs SMA200
43.1 · —
IS score
22.1/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

FDXF   SPY   XLI (sector ETF) · weekly closes
100110120Jan 26Apr 26Jul 26Oct 26SPY 116XLI 111

Score DNA

Each bar is a 0-100 score within the scored universe
24
Profitability
—
Growth
28
Value
—
Momentum
50
Risk (safety)
0
Quality
44
Balance sheet
25
Earnings quality

Flags

Strengths
None of the computed strength flags fires.
Warnings
▲ Negative free cash flow
Observations
Moat model: Narrow, Efficient ScalePiotroski 2 / 9Altman Z 2.2Beta -7.342 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
No open-market sales on file
No Form 144 notices in 12 months
CONGSTOCK Act · 180 days
Congressional purchases
0
No disclosed purchases
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+1,141
1,141 new holders, 1 closed
1,141 filers hold 65.0% · 0 added, 0 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+306
849 funds adding shares
543 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
54.6%
20-day avg 68.6%, 50-day avg 61.7%
Latest 14.0 pp under its 20-day average · a flow, not short interest

Key financials

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue—
Revenue growth YoY—
Gross margin—
Operating income—
Operating margin—
Net income—
Net margin—
EPS (diluted)—
Cash flow
Operating cash flow—
Capital expenditure—
Free cash flow—
FCF conversion (FCF / OCF)—
Stock-based compensation—
FCF less SBC—
Buybacks—
Dividends—
Balance sheet & returns
Cash & short-term investments—
Total debt$0
Net cash—
Shareholders' equity—
Goodwill & intangibles—
Debt / equity-12.81
ROE (TTM)80.0%
ROIC (TTM)6.6%

Valuation

P/E (TTM)29.3x
EV / EBITDA24.8x
Price / sales1.92x
Price / FCFn/m
FCF yield-1.25%
Buyback yield0.00%
SBC / revenue0.1%
Price / bookn/m
Forward P/E FY202724.3x
Forward P/E FY202821.0x
Forward multiples divide today's price by Street EPS estimates. Street mean target $134.40 across 5 analysts last quarter is theirs, not ours.

FDXF vs industry median

66 companies in Integrated Freight & Logistics
Gross margin 28.4% 15.0% Operating margin 6.1% 3.6% Net margin 6.3% 2.7% ROIC 6.6% 4.7%
FDXF (TTM)Industry median Asset turnover 1.28 vs industry 1.23 · financial leverage -13.85

Earnings delivery

Next report 2026-12-02 · consensus EPS $1.35
100%
beat rate, 3 of 3 quarters
+9.7%
median EPS surprise
3
longest beat streak
+18+5+10
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2026-06-25 to 2026-09-02. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
FDXF FedEx Freight Holding Compan $16.9B29.3x80.0%6.3%— —
CHRW C.H. Robinson Worldwide, Inc $16.3B26.3x37.1%3.8%−0.1% +11.2%
JBHT J.B. Hunt Transport Services $21.5B32.1x18.4%5.2%+5.3% +35.3%
EXPD Expeditors International of $25.5B28.4x42.6%7.6%+6.8% +66.5%
LSTR Landstar System, Inc. $5.8B44.5x15.0%3.4%+3.8% +31.6%
GXO GXO Logistics, Inc. $5.4B41.2x4.4%0.7%+7.6% —
FDX FedEx Corporation $69.5B16.0x14.8%6.4%+7.7% —
UPS United Parcel Service, Inc. $73.1B18.1x29.7%2.6%−0.3% —
12-month window: SPY +15.9%, sector ETF XLI +10.7%. Past returns describe history only.

Recent 8-K filings

2026-10-02Other Events
2026-09-02Other Events
2026-08-06Earnings Release; Exhibits
2026-06-26Officer/Director Change
2026-06-25Earnings Release; Exhibits
2026-06-01Material Agreement; Financial Obligation; Change in Control; Officer/Director Change; Bylaws Amendment; Other Events; Exhibits

Context

Shares outstanding149,505,248
Free float79.9%
Institutional ownership65.0%
Beta-7.34
Dividend yield0.00%
Last dividendNone on file
50 / 200-day average$125.81 / $140.64
Large-cap Industrials median P/E29.8x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Narrow).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where FDXF sits among 13 scored companies in Integrated Freight & Logistics (0 = lowest value, 100 = highest). It is a position, not a grade.

Valuation

MeasureFDXFIndustry medianIndustry percentileSector median
P/E (TTM) 107.1x 25.7x
100th
25.4x
PEG (P/E ÷ 3-yr EPS CAGR) —
Price / sales 6.9x 1.0x
100th
2.0x
Price / book —
Price / tangible book —
Price / free cash flow —
Price / operating cash flow —
Enterprise value $23.0B $10.8B
75th
$4.8B
EV / sales 9.3x 1.1x
100th
2.4x
EV / EBITDA —
EV / EBIT —
EV / free cash flow —
Earnings yield 0.9% 3.6%
17th
3.3%
FCF yield -2.6% 5.1%
0th
3.8%
Operating cash flow yield -2.0% 7.4%
0th
6.2%
Graham number (per share) —

Profitability (TTM)

MeasureFDXFIndustry medianIndustry percentileSector median
Gross margin 28.6% 16.6%
75th
30.5%
EBITDA margin -1.0% 5.9%
17th
14.3%
Operating margin 11.4% 4.9%
92nd
9.8%
EBIT margin -5.6% 4.0%
17th
9.9%
Net margin 6.4% 3.7%
83rd
6.0%
NOPAT margin 8.3% 4.0%
92nd
7.8%
FCF margin -17.9% 3.5%
0th
7.0%
Operating cash flow margin -14.0% 4.3%
0th
11.2%
R&D / revenue 0.0% 0.0%
0th
0.0%
SG&A / revenue 0.0% 5.2%
0th
14.1%
Stock comp / revenue 0.1% 0.3%
25th
0.6%
Effective tax rate 27.0% 23.5%
92nd
21.0%

Returns on capital

MeasureFDXFIndustry medianIndustry percentileSector median
ROE (on average equity) —
ROA 2.3% 4.8%
25th
4.8%
ROIC 3.7% 8.0%
25th
8.7%
ROCE -2.4% 7.8%
17th
9.4%
Return on tangible assets -2.0% 6.7%
17th
7.9%
Cash ROIC (OCF / invested capital) -6.2% 14.6%
0th
12.8%
Gross profitability (GP / assets) 11.3% 25.0%
8th
19.2%
ROIC, 3-yr average —
ROIC, 5-yr average —
ROE, 5-yr average —
Incremental ROIC —

Growth

MeasureFDXFIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) —
Revenue growth (QoQ) —
Revenue CAGR, 3 yr —
Revenue CAGR, 5 yr —
Gross profit CAGR, 3 yr —
Operating income CAGR, 3 yr —
Net income growth (TTM YoY) —
Net income CAGR, 3 yr —
EPS growth (TTM YoY) —
EPS CAGR, 3 yr —
EPS CAGR, 5 yr —
FCF growth (TTM YoY) —
FCF CAGR, 3 yr —
Operating cash flow CAGR, 3 yr —
Book value CAGR, 3 yr —
Dividend CAGR, 3 yr —
Sustainable growth rate —

Margin history & stability

MeasureFDXFIndustry medianIndustry percentileSector median
Gross margin, 3-yr average —
Operating margin, 3-yr average —
Net margin, 3-yr average —
FCF margin, 3-yr average —
Revenue stability (0-1) —
Earnings stability (0-1) —
Margin stability (0-1) —

Liquidity (latest quarter)

MeasureFDXFIndustry medianIndustry percentileSector median
Cash & short-term investments $251.0M $278.8M
42nd
$249.6M
Net cash (− = net debt) −$6.1B −$1.8B
17th
−$666.5M
Working capital $513.0M $368.7M
58th
$376.4M
Current ratio 1.52 1.48
58th
1.79
Quick ratio 1.52 1.47
58th
1.33
Cash ratio (cash + ST investments / current liabilities) 0.25 0.25
50th
0.32
Defensive interval (days) 822 days 669 days
83rd
614 days

Leverage & solvency (latest quarter)

MeasureFDXFIndustry medianIndustry percentileSector median
Total debt $6.4B $2.0B
83rd
$919.8M
Debt / equity —
Net debt / equity —
Debt / assets 92.5% 33.8%
100th
29.3%
Debt / capital —
Debt / EBITDA —
Net debt / EBITDA —
Interest coverage (EBIT / interest) —
Cash interest coverage —
Debt payback (years of OCF) —
Liabilities / assets 107.2% 68.0%
92nd
56.7%
IS credit model rating B- — —
Implied credit spread (bps) 900 225
92nd
200

Efficiency

MeasureFDXFIndustry medianIndustry percentileSector median
Asset turnover 0.36 1.26
8th
0.75
Fixed asset turnover —
Inventory turnover —
Receivables turnover 2.1 6.4
0th
6.7
Days sales outstanding 171 days 57 days
100th
54 days
Days inventory outstanding —
Days payables outstanding 23 days 36 days
25th
41 days
Cash conversion cycle (days) 148 days 20 days
100th
63 days
Capex / revenue 3.9% 1.3%
75th
3.0%
Capex / depreciation 0.83 0.68
67th
0.76
Operating expense ratio 25.6% 13.2%
75th
17.7%

Cash flow & earnings quality

MeasureFDXFIndustry medianIndustry percentileSector median
Operating cash flow / net income −2.19 1.53
0th
1.50
FCF / net income −2.79 1.15
0th
1.15
FCF / operating cash flow —
Capex / operating cash flow —
Accruals ratio 7.3% -3.4%
100th
-4.0%
Sloan accruals ratio 2.8% -3.5%
92nd
-2.4%
Earnings quality score (0-1) 0.25 1.00
0th
1.00

Dividends & buybacks

MeasureFDXFIndustry medianIndustry percentileSector median
Dividend yield 0.0% 0.8%
0th
0.6%
Dividend per share (TTM) $0.00 $0.50
0th
$0.44
Payout ratio (dividends / net income) 0.0% 28.6%
0th
22.5%
Dividends / FCF —
Dividend growth (YoY) —
Buyback yield 0.0% 1.1%
8th
0.5%
Shareholder yield (dividends + buybacks) 0.0% 3.4%
8th
2.0%
Share count change (YoY) —
Buybacks, last 5 years $0 $696.6M
0th
$76.0M

Scores & forensic checks

MeasureFDXFIndustry medianIndustry percentileSector median
IS score 22 50
17th
53
IS profitability 24 29
42nd
37
IS growth —
IS value 28 37
8th
47
IS momentum —
IS risk (safety) 50 65
25th
80
IS quality 0 63
0th
67
IS balance sheet 44 51
33rd
56
IS earnings quality 25 72
0th
70
IS cash flow 18 59
0th
54
Piotroski F-score (0-9) 2 6
0th
6
Altman Z-score 2.2 3.0
25th
3.3
Beneish M-score —
Ohlson O-score −6.34 −7.18
75th
−7.49
IS credit score 20 64
0th
65

Per share

MeasureFDXFIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $1.06 $1.74
25th
$2.21
Book value per share −$3.32 $15.96
17th
$18.38
Tangible book per share −$7.35 $6.32
25th
$4.39
Revenue per share $16.50 $90.68
17th
$36.64
FCF per share −$2.95 $3.88
0th
$2.70
Operating cash flow per share −$2.31 $4.40
0th
$4.28
Cash per share $1.68 $4.29
25th
$3.02

Size (TTM)

MeasureFDXFIndustry medianIndustry percentileSector median
Market cap $16.9B $5.8B
67th
$3.9B
Revenue $2.5B $5.0B
25th
$2.7B
EBITDA −$25.0M $463.1M
8th
$394.8M
Net income $158.0M $158.0M
50th
$136.3M
Free cash flow −$441.0M $421.4M
0th
$162.9M
Total assets $6.9B $5.1B
67th
$3.5B
Shareholders' equity −$497.0M $1.6B
8th
$1.4B
Employees 40,000 11,599
75th
6,050

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-08-07Witt Marshall
EVP - Chief Financial Officer
Award / grant 20,723——25,333
2026-06-29Erwin Guy M Ii
SVP-Chief Accounting Officer
Award / grant 1,603——3,342
2026-06-29Erwin Guy M Ii
SVP-Chief Accounting Officer
Award / grant 6,012——9,354
2026-06-29Rodgers Michael
EVP - Chief Technology Officer
Award / grant 3,340——3,837
2026-06-29Rodgers Michael
EVP - Chief Technology Officer
Award / grant 1,837——5,674
2026-06-29Martin R Brad
Director
Award / grant 3,340——30,913
2026-06-29Davis Jeffrey A.
Director
Award / grant 1,169——1,169
2026-06-29Frieson Donald
Director
Award / grant 1,169——1,169
2026-06-29Gorman Stephen E
Director
Award / grant 1,169——3,819
2026-06-29King Robert A
Director
Award / grant 1,169——9,358
2026-06-29Miller Cindy J
Director
Award / grant 1,169——1,169
2026-06-29Salcido Amy J
Director
Award / grant 367——367

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
JunAug

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired38421,516—
OtherDisposed1119,753,703—
—Disposed150—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

FiledFilerShares proposedEst. proceeds
None on file.
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 0 trades (0 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
None on file.
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.9,078,495$1.4B6.07%
DODGE & COX7,182,771$1.1B4.80%
VANGUARD CAPITAL MANAGEMENT LLC7,059,822$1.1B4.72%
VANGUARD PORTFOLIO MANAGEMENT LLC4,856,936$733.4M3.25%
STATE STREET CORP4,793,027$723.7M3.21%
PRIMECAP MANAGEMENT CO/CA/4,048,660$611.3M2.71%
Invesco Ltd.3,470,101$524.0M2.32%
FRANKLIN RESOURCES INC2,941,618$444.2M1.97%
GEODE CAPITAL MANAGEMENT, LLC2,897,674$435.8M1.94%
Slate Path Capital LP2,247,200$339.3M1.50%
NORGES BANK1,342,980$202.8M0.90%
FMR LLC1,330,220$200.9M0.89%
DIMENSIONAL FUND ADVISORS LP1,304,710$197.0M0.87%
JPMORGAN CHASE & CO1,278,224$191.3M0.85%
BANK OF AMERICA CORP /DE/983,572$148.5M0.66%

Institutional ownership by quarter

% of shares held by 13F filers
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
None on file.

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-08-07SCHEDULE 13GFedEx Corporation19.9%29,751,545
2026-07-31SCHEDULE 13GVanguard Capital Management5.5%8,194,621
2026-07-28SCHEDULE 13GBlackRock, Inc.7.0%8,346,293
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.02%$415.5M
VTI0.02%$415.5M
VSMPX0.02%$415.5M
VTSAX0.02%$415.5M
VPMCX0.41%$395.0M
VPMAX0.41%$395.0M

Share structure

Shares outstanding149,505,248
Float119,415,647
Free float79.9%

Income statement

Fiscal years, USD
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Operating income
EBITDA
Pretax income
Income tax
Net income
EPS, diluted
Diluted shares

Balance sheet

Cash & short-term investments
Receivables
Inventory
Total current assets
PP&E, net
Goodwill & intangibles
Total assets
Accounts payable
Total current liabilities
Long-term debt
Total liabilities
Shareholders' equity

Cash flow statement

Outflows are negative
Net income
Depreciation & amortization
Stock-based compensation
Change in working capital
Operating cash flow
Capital expenditure
Free cash flow
Investing cash flow
Net debt issued / repaid
Buybacks
Dividends paid

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
Gross margin
Operating margin
Net margin
FCF margin
ROE
ROIC
ROA
Debt / equity
Interest coverage
Current ratio
Revenue growth
EPS growth
P/E at year end
EV / EBITDA at year end
FCF yield at year end
Dividend payout

Revenue by segment

FY2026
Priority$5.6B
Economy$2.8B
Other$408.0M

Revenue by region · FY2026

UNITED STATES$8.6B · 97%
Non-US$243.0M · 3%

Street estimates by fiscal year

Next report 2026-12-02 · consensus EPS $1.35 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$8.8B$8.7B – $8.9B$4.12$4.01 – $4.19627.5x
2027$9.1B$9.0B – $9.3B$4.67$4.26 – $4.98824.3x
2028$9.6B$9.4B – $9.7B$5.40$5.28 – $5.50421.0x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-09-02$1.34$1.47+9.7%$2.3B$2.4B+5.3%
2026-07-29$1.51$1.59+5.3%$2.4B$2.4B−1.3%
2026-06-25$1.56$1.84+17.9%$2.3B$2.2B−2.7%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.406-150.506-220.406-290.207-060.307-130.207-200.207-270.208-030.308-100.208-170.208-240.208-31
Week ofNotionalSharesTrades
2026-08-31$227.0M1,767,43745,291
2026-08-24$195.3M1,480,77836,159
2026-08-17$174.6M1,245,41332,243
2026-08-10$328.7M2,245,94738,985
2026-08-03$173.3M1,199,89631,452
2026-07-27$180.1M1,242,66032,061

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1554.6%
DateShort shareShort volumeTotal volume
2026-10-1554.6%250,143458,322
2026-10-1465.5%389,006594,225
2026-10-1364.9%310,591478,690
2026-10-1259.0%327,815555,580
2026-10-0968.9%276,593401,594
2026-10-0875.4%541,268718,055
2026-10-0773.5%393,196535,213
2026-10-0667.2%214,995319,909
2026-10-0571.5%387,544542,173
2026-10-0273.7%414,909563,348
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
MonthAvg returnUp yearsYears
None on file.
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1443.1
MFI40.9
ADX34.5
Stochastic %K / %D47.8 / 35.7
Williams %R-27.4
CCI-16
TSI / signal-27.5 / -30.5
Chaikin money flow-0.07
ATR$4.22
Bollinger width10.2%
Volume vs 20-day avg0.79x
SupertrendDown

Moving averages and bands

level (price vs level)
SMA 20$113.20 (+0.0%)
SMA 50$125.15 (−9.5%)
SMA 200—
EMA 21$114.98 (−1.5%)
EMA 50$124.25 (−8.9%)
EMA 200—
Bollinger upper$118.95 (−4.8%)
Bollinger lower$107.45 (+5.4%)
Parabolic SAR$115.14 (−1.7%)
Open the live chart, 110+ indicators

About FedEx Freight Holding Company, Inc.

FedEx Freight Holding Company, Inc. specializes in transporting less-than-truckload (LTL) cargo across the United States, Canada, Mexico, Puerto Rico, and the U.S. Virgin Islands. The company provides a diverse array of services, enabling customers to efficiently balance transit times with budgetary needs. Following its separation from FedEx Corporation, it now operates as an independent and publicly traded entity.

https://www.fedexfreight.com

Key executives

NameTitlePayBorn
John Alan SmithPresident, CEO & Director$5.7M1962
Marshall W. WittExecutive VP & CFO$1.3M1966
Clement Edward KlankExecutive VP & Chief Human Resources and Legal Officer$1.2M1967
Michael RodgersExecutive VP and Chief Commercial & Technology Officer$941,8331965
Clinton D. McCoyExecutive VP & COO$940,6191973
Guy Mitchell ErwinSenior VP & Chief Accounting Officer—1977
Michael LyonsExecutive VP & Chief Specialized Services and Commercial Officer—1979

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
None on file.

Employees

Dividends

Ex-dateAmountPaid
None on file.

Moat model

Narrow · Efficient Scale · 2026-05-31
Cost advantage78
Intangibles62
Switching costs60
Network effect35
Efficient scale80
Our component scores (0-100) and overall 63.4; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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