FDXF
NYSE · USDOne year, rebased to 100
FDXF SPY XLI (sector ETF) · weekly closesScore DNA
Each bar is a 0-100 score within the scored universeFlags
Smart-money strip
Each disclosure source on its own window. Filings coinciding is not coordination.Key financials
USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.Valuation
FDXF vs industry median
66 companies in Integrated Freight & LogisticsEarnings delivery
Next report 2026-12-02 · consensus EPS $1.35Peers
Market-cap band, not the industry cohort above| Company | Mkt cap | P/E | ROE | Net margin | Rev growth | 12m return |
|---|---|---|---|---|---|---|
| FDXF FedEx Freight Holding Compan | $16.9B | 29.3x | 80.0% | 6.3% | — | — |
| CHRW C.H. Robinson Worldwide, Inc | $16.3B | 26.3x | 37.1% | 3.8% | −0.1% | +11.2% |
| JBHT J.B. Hunt Transport Services | $21.5B | 32.1x | 18.4% | 5.2% | +5.3% | +35.3% |
| EXPD Expeditors International of | $25.5B | 28.4x | 42.6% | 7.6% | +6.8% | +66.5% |
| LSTR Landstar System, Inc. | $5.8B | 44.5x | 15.0% | 3.4% | +3.8% | +31.6% |
| GXO GXO Logistics, Inc. | $5.4B | 41.2x | 4.4% | 0.7% | +7.6% | — |
| FDX FedEx Corporation | $69.5B | 16.0x | 14.8% | 6.4% | +7.7% | — |
| UPS United Parcel Service, Inc. | $73.1B | 18.1x | 29.7% | 2.6% | −0.3% | — |
Recent 8-K filings
Context
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
| Measure | FDXF | Industry percentile |
|---|---|---|
| P/E (TTM) | 107.1x | 100th |
| PEG (P/E ÷ 3-yr EPS CAGR) | — | |
| Price / sales | 6.9x | 100th |
| Price / book | — | |
| Price / tangible book | — | |
| Price / free cash flow | — | |
| Price / operating cash flow | — | |
| Enterprise value | $23.0B | 75th |
| EV / sales | 9.3x | 100th |
| EV / EBITDA | — | |
| EV / EBIT | — | |
| EV / free cash flow | — | |
| Earnings yield | 0.9% | 17th |
| FCF yield | -2.6% | 0th |
| Operating cash flow yield | -2.0% | 0th |
| Graham number (per share) | — |
Profitability (TTM)
| Measure | FDXF | Industry percentile |
|---|---|---|
| Gross margin | 28.6% | 75th |
| EBITDA margin | -1.0% | 17th |
| Operating margin | 11.4% | 92nd |
| EBIT margin | -5.6% | 17th |
| Net margin | 6.4% | 83rd |
| NOPAT margin | 8.3% | 92nd |
| FCF margin | -17.9% | 0th |
| Operating cash flow margin | -14.0% | 0th |
| R&D / revenue | 0.0% | 0th |
| SG&A / revenue | 0.0% | 0th |
| Stock comp / revenue | 0.1% | 25th |
| Effective tax rate | 27.0% | 92nd |
Returns on capital
| Measure | FDXF | Industry percentile |
|---|---|---|
| ROE (on average equity) | — | |
| ROA | 2.3% | 25th |
| ROIC | 3.7% | 25th |
| ROCE | -2.4% | 17th |
| Return on tangible assets | -2.0% | 17th |
| Cash ROIC (OCF / invested capital) | -6.2% | 0th |
| Gross profitability (GP / assets) | 11.3% | 8th |
| ROIC, 3-yr average | — | |
| ROIC, 5-yr average | — | |
| ROE, 5-yr average | — | |
| Incremental ROIC | — |
Growth
| Measure | FDXF | Industry percentile |
|---|---|---|
| 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
| Measure | FDXF | Industry percentile |
|---|---|---|
| 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)
| Measure | FDXF | Industry percentile |
|---|---|---|
| Cash & short-term investments | $251.0M | 42nd |
| Net cash (− = net debt) | −$6.1B | 17th |
| Working capital | $513.0M | 58th |
| Current ratio | 1.52 | 58th |
| Quick ratio | 1.52 | 58th |
| Cash ratio (cash + ST investments / current liabilities) | 0.25 | 50th |
| Defensive interval (days) | 822 days | 83rd |
Leverage & solvency (latest quarter)
| Measure | FDXF | Industry percentile |
|---|---|---|
| Total debt | $6.4B | 83rd |
| Debt / equity | — | |
| Net debt / equity | — | |
| Debt / assets | 92.5% | 100th |
| Debt / capital | — | |
| Debt / EBITDA | — | |
| Net debt / EBITDA | — | |
| Interest coverage (EBIT / interest) | — | |
| Cash interest coverage | — | |
| Debt payback (years of OCF) | — | |
| Liabilities / assets | 107.2% | 92nd |
| IS credit model rating | B- | |
| Implied credit spread (bps) | 900 | 92nd |
Efficiency
| Measure | FDXF | Industry percentile |
|---|---|---|
| Asset turnover | 0.36 | 8th |
| Fixed asset turnover | — | |
| Inventory turnover | — | |
| Receivables turnover | 2.1 | 0th |
| Days sales outstanding | 171 days | 100th |
| Days inventory outstanding | — | |
| Days payables outstanding | 23 days | 25th |
| Cash conversion cycle (days) | 148 days | 100th |
| Capex / revenue | 3.9% | 75th |
| Capex / depreciation | 0.83 | 67th |
| Operating expense ratio | 25.6% | 75th |
Cash flow & earnings quality
| Measure | FDXF | Industry percentile |
|---|---|---|
| Operating cash flow / net income | −2.19 | 0th |
| FCF / net income | −2.79 | 0th |
| FCF / operating cash flow | — | |
| Capex / operating cash flow | — | |
| Accruals ratio | 7.3% | 100th |
| Sloan accruals ratio | 2.8% | 92nd |
| Earnings quality score (0-1) | 0.25 | 0th |
Scores & forensic checks
| Measure | FDXF | Industry percentile |
|---|---|---|
| IS score | 22 | 17th |
| IS profitability | 24 | 42nd |
| IS growth | — | |
| IS value | 28 | 8th |
| IS momentum | — | |
| IS risk (safety) | 50 | 25th |
| IS quality | 0 | 0th |
| IS balance sheet | 44 | 33rd |
| IS earnings quality | 25 | 0th |
| IS cash flow | 18 | 0th |
| Piotroski F-score (0-9) | 2 | 0th |
| Altman Z-score | 2.2 | 25th |
| Beneish M-score | — | |
| Ohlson O-score | −6.34 | 75th |
| IS credit score | 20 | 0th |
Size (TTM)
| Measure | FDXF | Industry percentile |
|---|---|---|
| Market cap | $16.9B | 67th |
| Revenue | $2.5B | 25th |
| EBITDA | −$25.0M | 8th |
| Net income | $158.0M | 50th |
| Free cash flow | −$441.0M | 0th |
| Total assets | $6.9B | 67th |
| Shareholders' equity | −$497.0M | 8th |
| Employees | 40,000 | 75th |
Insider transactions, last 6 months
Form 4 · most recent 12| Date | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| 2026-08-07 | Witt Marshall EVP - Chief Financial Officer |
Award / grant | 20,723 | — | — | 25,333 |
| 2026-06-29 | Erwin Guy M Ii SVP-Chief Accounting Officer |
Award / grant | 1,603 | — | — | 3,342 |
| 2026-06-29 | Erwin Guy M Ii SVP-Chief Accounting Officer |
Award / grant | 6,012 | — | — | 9,354 |
| 2026-06-29 | Rodgers Michael EVP - Chief Technology Officer |
Award / grant | 3,340 | — | — | 3,837 |
| 2026-06-29 | Rodgers Michael EVP - Chief Technology Officer |
Award / grant | 1,837 | — | — | 5,674 |
| 2026-06-29 | Martin R Brad Director |
Award / grant | 3,340 | — | — | 30,913 |
| 2026-06-29 | Davis Jeffrey A. Director |
Award / grant | 1,169 | — | — | 1,169 |
| 2026-06-29 | Frieson Donald Director |
Award / grant | 1,169 | — | — | 1,169 |
| 2026-06-29 | Gorman Stephen E Director |
Award / grant | 1,169 | — | — | 3,819 |
| 2026-06-29 | King Robert A Director |
Award / grant | 1,169 | — | — | 9,358 |
| 2026-06-29 | Miller Cindy J Director |
Award / grant | 1,169 | — | — | 1,169 |
| 2026-06-29 | Salcido Amy J Director |
Award / grant | 367 | — | — | 367 |
Shares acquired vs disposed, by month
acquired disposed · all Form 4 typesBy transaction type, 6 months
| Type | Direction | Filings | Shares | Value |
|---|---|---|---|---|
| Award / grant | Acquired | 38 | 421,516 | — |
| Other | Disposed | 1 | 119,753,703 | — |
| — | Disposed | 15 | 0 | — |
Form 144 notices
| Filed | Filer | Shares proposed | Est. proceeds |
|---|---|---|---|
| None on file. | |||
Congress trades
12 months: House 0 trades (0 purchases) · Senate 0 (0 purchases)| Traded | Member | Chamber | Type | Amount | Disclosed |
|---|---|---|---|---|---|
| None on file. | |||||
Largest 13F holders
Quarter to 2026-06-30, the latest most managers have filed| Manager | Shares | Value | % of shares out |
|---|---|---|---|
| BlackRock, Inc. | 9,078,495 | $1.4B | 6.07% |
| DODGE & COX | 7,182,771 | $1.1B | 4.80% |
| VANGUARD CAPITAL MANAGEMENT LLC | 7,059,822 | $1.1B | 4.72% |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 4,856,936 | $733.4M | 3.25% |
| STATE STREET CORP | 4,793,027 | $723.7M | 3.21% |
| PRIMECAP MANAGEMENT CO/CA/ | 4,048,660 | $611.3M | 2.71% |
| Invesco Ltd. | 3,470,101 | $524.0M | 2.32% |
| FRANKLIN RESOURCES INC | 2,941,618 | $444.2M | 1.97% |
| GEODE CAPITAL MANAGEMENT, LLC | 2,897,674 | $435.8M | 1.94% |
| Slate Path Capital LP | 2,247,200 | $339.3M | 1.50% |
| NORGES BANK | 1,342,980 | $202.8M | 0.90% |
| FMR LLC | 1,330,220 | $200.9M | 0.89% |
| DIMENSIONAL FUND ADVISORS LP | 1,304,710 | $197.0M | 0.87% |
| JPMORGAN CHASE & CO | 1,278,224 | $191.3M | 0.85% |
| BANK OF AMERICA CORP /DE/ | 983,572 | $148.5M | 0.66% |
Institutional ownership by quarter
Holder changes by quarter
| Quarter | Holders | Ownership | New | Increased | Reduced | Closed |
|---|---|---|---|---|---|---|
| None on file. | ||||||
Schedule 13D / 13G filers
| Filed | Form | Filer | % of class | Shares |
|---|---|---|---|---|
| 2026-08-07 | SCHEDULE 13G | FedEx Corporation | 19.9% | 29,751,545 |
| 2026-07-31 | SCHEDULE 13G | Vanguard Capital Management | 5.5% | 8,194,621 |
| 2026-07-28 | SCHEDULE 13G | BlackRock, Inc. | 7.0% | 8,346,293 |
ETFs with the largest holding
| ETF | Weight in fund | Holding value |
|---|---|---|
| VITSX | 0.02% | $415.5M |
| VTI | 0.02% | $415.5M |
| VSMPX | 0.02% | $415.5M |
| VTSAX | 0.02% | $415.5M |
| VPMCX | 0.41% | $395.0M |
| VPMAX | 0.41% | $395.0M |
Share structure
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
Street estimates by fiscal year
Next report 2026-12-02 · consensus EPS $1.35 · these are analysts' numbers, not ours| Fiscal year | Revenue (mean) | Revenue range | EPS (mean) | EPS range | Analysts | P/E on mean EPS |
|---|---|---|---|---|---|---|
| 2026 | $8.8B | $8.7B – $8.9B | $4.12 | $4.01 – $4.19 | 6 | 27.5x |
| 2027 | $9.1B | $9.0B – $9.3B | $4.67 | $4.26 – $4.98 | 8 | 24.3x |
| 2028 | $9.6B | $9.4B – $9.7B | $5.40 | $5.28 – $5.50 | 4 | 21.0x |
Reported vs expected, every quarter on file
| Reported | EPS expected | EPS actual | EPS surprise | Revenue expected | Revenue actual | Revenue 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)| Week of | Notional | Shares | Trades |
|---|---|---|---|
| 2026-08-31 | $227.0M | 1,767,437 | 45,291 |
| 2026-08-24 | $195.3M | 1,480,778 | 36,159 |
| 2026-08-17 | $174.6M | 1,245,413 | 32,243 |
| 2026-08-10 | $328.7M | 2,245,947 | 38,985 |
| 2026-08-03 | $173.3M | 1,199,896 | 31,452 |
| 2026-07-27 | $180.1M | 1,242,660 | 32,061 |
Short-sale share of off-exchange volume
daily 20-day average| Date | Short share | Short volume | Total volume |
|---|---|---|---|
| 2026-10-15 | 54.6% | 250,143 | 458,322 |
| 2026-10-14 | 65.5% | 389,006 | 594,225 |
| 2026-10-13 | 64.9% | 310,591 | 478,690 |
| 2026-10-12 | 59.0% | 327,815 | 555,580 |
| 2026-10-09 | 68.9% | 276,593 | 401,594 |
| 2026-10-08 | 75.4% | 541,268 | 718,055 |
| 2026-10-07 | 73.5% | 393,196 | 535,213 |
| 2026-10-06 | 67.2% | 214,995 | 319,909 |
| 2026-10-05 | 71.5% | 387,544 | 542,173 |
| 2026-10-02 | 73.7% | 414,909 | 563,348 |
Seasonality
Average return by calendar month| Month | Avg return | Up years | Years |
|---|---|---|---|
| None on file. | |||
Indicators
as of 2026-10-16Moving averages and bands
level (price vs level)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.
Key executives
| Name | Title | Pay | Born |
|---|---|---|---|
| John Alan Smith | President, CEO & Director | $5.7M | 1962 |
| Marshall W. Witt | Executive VP & CFO | $1.3M | 1966 |
| Clement Edward Klank | Executive VP & Chief Human Resources and Legal Officer | $1.2M | 1967 |
| Michael Rodgers | Executive VP and Chief Commercial & Technology Officer | $941,833 | 1965 |
| Clinton D. McCoy | Executive VP & COO | $940,619 | 1973 |
| Guy Mitchell Erwin | Senior VP & Chief Accounting Officer | — | 1977 |
| Michael Lyons | Executive VP & Chief Specialized Services and Commercial Officer | — | 1979 |
Executive pay, latest proxy
| Executive | Year | Salary | Stock awards | Incentive | Total |
|---|---|---|---|---|---|
| None on file. | |||||
Employees
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| None on file. | ||