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FedEx Corporation FDX
$ 322.52 2.45%
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Quarterly report 2026-Q3
added 07-20-2026

FedEx Corporation Financial Ratios 2026-2007 | FDX

Brief overview of FedEx Corporation's valuation multiples

Current figures are compared with the company's own five-year history for 2021–2025.

Market valuation is represented by P/E 13.29x (median 16.29x), EV/EBITDA 6.3x (median 8.24x), P/S 0.62x (median 0.72x). On average, this basket is 18.4% below its own five-year medians. The market values the business at a discount to recent history.

The 1/P/E calculation produces a 7.5% earnings yield. It does not capture future growth or capital structure.

Returns on assets and capital are represented by ROE 14.6%, ROA 4.7%, ROCE 18.6%. Fundamental efficiency is balanced: profitability supports valuation but does not remove the need for future growth.

Current PEG of 1.19x shows no clear imbalance between price and expected earnings momentum.

The cash conversion cycle remains near its former level at 4.3 days after 5.2 days.

What the ratios show

FedEx Corporation combines strong fundamental efficiency with valuation below its own five-year norm. The discount merits attention but should be checked against sector and financial risks.

Annual Financial Ratios FedEx Corporation

2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007

P/E

16.4 13.3 17.5 16.3 17.5 13.0 28.5 79.3 13.2 19.5 22.1 45.8 20.6 20.0 14.3 20.7 72.2 42.0 - -

P/S

0.8 0.6 0.9 0.7 0.7 0.8 0.5 0.6 0.9 1.0 0.8 1.0 0.9 0.7 0.7 0.8 2.1 1.7 - -

EPS

18.7 17.0 17.4 15.6 14.5 19.8 4.9 2.1 17.1 11.2 6.6 3.7 7.6 8.6 6.4 4.6 0.9 1.1 - -

EV (Enterprise Value)

59.3 B 48.9 B 69.1 B 57.8 B 60.1 B 61 B 87 B 77.1 B 90 B 86.8 B 69 B 66.4 B 58.1 B 42.5 B 41.3 B 39.9 B 18.5 B 12.2 B -1.54 B -1.57 B

EBITDA per Share

41.5 39.3 39.7 35.8 38.8 36.5 24.8 31.2 31.4 29.9 21.5 16.8 21.1 17.7 34.2 30.8 7.78 8.19 - -

EV/EBITDA

6.0 5.2 7.0 6.4 5.9 6.3 8.2 7.1 8.8 8.6 8.9 10.9 7.5 5.2 2.6 3.0 7.6 4.8 -0.4 -

PEG

5.89 1.19 2.41 3.29 2.34 0.92 0.21 -0.9 0.25 0.31 0.26 -0.93 0.42 -0.86 0.36 0.96 - - - -

P/B

0.7 0.6 0.9 0.7 0.8 0.8 2.0 2.4 3.1 3.6 2.9 3.2 2.8 1.8 2.0 2.0 0.8 0.6 - -

P/CF

8.1 7.7 9.1 7.3 6.8 6.7 -47.5 348.1 -61.1 -313.4 45.3 47.2 59.1 23.8 35.0 49.5 6.5 5.3 - -

ROE %

14.01 14.58 15.70 15.23 15.34 21.64 7.03 3.04 23.55 18.65 13.20 7.00 13.73 8.97 13.80 9.54 2.05 2.53 7.58 -

ROA %

4.48 4.67 4.98 4.56 4.45 6.32 1.75 0.99 8.74 6.17 3.95 2.83 6.34 4.65 6.80 5.30 1.14 1.42 - -

ROCE %

17.26 18.58 20.15 18.83 25.04 24.23 4.51 10.54 12.29 12.40 8.09 6.89 12.41 11.54 35.51 34.61 3.40 4.19 13.97 -

Current Ratio

- - - - - - 1.6 1.5 1.4 1.6 1.5 1.8 1.8 2.0 1.7 1.7 - - - -

DSO

46.3 44.5 42.2 44.6 46.7 48.2 53.3 47.7 47.3 46.0 52.6 44.0 43.7 41.6 40.2 42.5 143.1 72.0 - -

DIO

- - - - - - 3.7 3.7 3.8 4.0 4.5 4.7 4.7 4.7 10.2 11.2 - - - -

DPO

43.2 40.2 41.5 46.4 44.8 43.0 21.4 20.2 21.4 21.6 26.8 19.4 19.9 19.4 37.4 43.5 37.7 18.2 - -

Operating Cycle

46.3 44.5 42.2 44.6 46.7 48.2 57.0 51.4 51.1 50.0 57.1 48.7 48.4 46.3 50.4 53.7 143.1 72.0 - -

Cash Conversion Cycle

3.1 4.3 0.7 -1.7 1.9 5.2 35.7 31.3 29.7 28.4 30.2 29.3 28.5 26.9 13.1 10.2 105.5 53.8 - -

All numbers in USD currency

Quarterly Financial Ratios FedEx Corporation

2026-Q3 2026-Q2 2026-Q1 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q3 2010-Q2 2010-Q1

EPS

4.46 4.07 4.46 3.48 3.06 3.79 3.06 3.24 3.59 3.55 3.59 4.28 3.08 3.07 3.08 3.37 6.46 4.26 3.94 4.17 8.11 3.36 4.64 4.75 4.64 4.75 2.15 2.86 2.15 2.86 3.56 3.15 3.56 3.15 2.89 2.22 2.89 2.22 2.63 2.69 2.63 2.69 2.47 2.45 2.47 2.45 2.34 2.29 2.17 2.13 1.77 1.73 1.58 1.54 1.39 1.46 1.39 1.46 1.57 1.46 1.57 1.46 0.76 1.1 0.58

EBITDA per Share

10.4 10.4 10.4 9.65 8.74 9.82 8.74 8.84 9.26 9.37 9.26 10.2 8.71 8.26 8.71 8.55 17.3 8.86 9.78 8.91 18.7 7.4 9.09 9.6 9.09 9.6 5.57 7.14 5.57 7.14 7.62 7.09 7.62 7.09 6.98 6.43 7.53 6.97 7.17 7.56 7.17 7.56 6.42 6.35 6.42 6.35 6.14 6.01 5.88 5.75 4.98 4.84 4.68 4.54 4.17 4.17 4.17 4.17 4.12 3.94 4.12 3.94 - - -

ROE %

13.45 12.71 12.71 11.97 11.93 12.49 12.42 12.98 14.12 14.03 13.81 13.72 13.13 16.53 17.95 18.87 19.96 22.21 21.37 23.01 24.84 21.74 24.45 21.62 19.33 16.50 14.20 16.05 16.30 18.15 18.40 18.10 17.33 17.31 16.66 16.93 18.40 18.66 20.14 19.93 19.40 18.93 18.36 18.01 17.80 17.23 16.58 15.51 14.29 13.13 11.98 11.61 11.56 11.66 11.96 12.27 12.17 12.46 12.39 10.93 10.41 8.46 1.66 2.44 1.31

ROA %

4.23 3.99 3.78 3.58 3.67 2.80 3.83 3.98 4.30 4.19 4.09 4.09 4.79 3.87 5.20 5.51 5.85 6.52 6.28 6.55 6.80 5.86 6.47 5.76 5.25 4.61 4.29 5.24 5.76 6.52 6.75 6.53 6.13 5.94 5.57 5.54 5.90 5.83 6.16 6.45 6.74 7.11 7.42 7.63 7.78 7.74 7.71 7.37 6.99 6.62 6.24 5.97 5.84 5.82 5.89 6.24 6.41 6.76 6.92 6.14 5.87 4.82 0.96 1.40 0.76

ROCE %

18.21 17.67 17.61 17.06 16.76 17.55 17.43 18.22 19.84 19.95 19.45 19.56 18.70 23.32 24.51 26.04 27.05 29.95 28.70 29.26 31.68 26.25 30.27 26.27 23.48 19.49 16.69 19.78 19.99 23.07 23.28 23.76 24.02 25.82 27.18 28.68 31.77 32.38 34.61 34.16 32.71 31.82 30.28 29.69 29.23 28.28 27.11 25.38 23.40 21.53 19.63 18.99 18.88 19.00 19.47 19.75 19.50 19.75 19.56 16.87 15.25 11.87 2.21 3.08 1.74

DSO

45.6 46.6 44.3 45.6 22.3 22.1 43.7 44.4 42.3 43.2 43.0 46.0 23.3 24.0 45.4 45.0 23.3 46.1 45.3 48.1 24.2 49.8 48.6 48.7 44.8 46.8 50.1 49.3 24.2 50.1 46.8 46.0 43.4 45.9 46.6 46.5 42.5 45.3 45.2 45.1 44.3 40.8 42.1 42.1 41.9 42.0 42.3 42.8 41.7 42.3 41.5 41.5 40.4 42.4 41.0 40.1 38.6 40.3 40.8 39.9 39.5 36.9 40.4 38.1 -

DPO

45.6 47.9 43.3 46.0 22.6 22.6 44.2 45.4 45.3 46.1 45.4 45.6 23.4 23.3 47.8 47.6 23.9 46.4 44.9 45.0 22.0 43.1 43.4 44.0 40.1 43.6 47.3 70.3 44.3 69.0 67.9 69.5 32.7 70.4 72.3 75.4 43.7 47.2 49.5 49.8 50.2 43.6 41.7 41.5 41.2 40.7 42.5 43.7 41.8 41.8 41.2 42.1 41.3 40.4 37.2 36.2 35.6 36.2 36.8 37.2 39.0 36.4 37.4 36.4 -

Operating Cycle

- - 44.3 45.6 - - 43.7 42.7 - 43.2 43.0 21.5 - 24.0 45.4 45.0 23.3 46.1 45.3 48.1 24.2 49.8 48.6 48.7 44.8 46.8 50.1 49.3 24.2 50.1 46.8 46.0 43.4 45.9 46.6 46.5 42.5 45.3 45.2 45.1 44.3 40.8 42.1 42.1 41.9 42.0 42.3 42.8 41.7 42.3 41.5 41.5 40.4 42.4 41.0 40.1 38.6 40.3 40.8 39.9 39.5 - - - -

Cash Conversion Cycle

- - 1.0 -0.3 - - -0.5 -1.3 - -3.0 -2.5 -0.8 - 0.7 -2.4 -2.6 -0.6 -0.3 0.4 3.1 2.2 6.7 5.3 4.7 4.8 3.1 2.8 -21.0 -20.1 -18.9 -21.1 -23.5 10.7 -24.6 -25.7 -28.8 -1.2 -1.9 -4.2 -4.7 -5.9 -2.8 0.4 0.6 0.7 1.4 -0.2 -1.0 -0.1 0.5 0.3 -0.5 -1.0 2.0 3.8 3.9 3.0 4.1 4.0 2.7 0.5 - - - -

All numbers in USD currency

Multiples are an important financial analysis tool for the company FedEx Corporation, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

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