# FedEx Corporation (FDX) — Stock CV

FedEx Corporation is a $69.0B consumer company. Revenue grew 7.7% over the last year, and it keeps 5¢ of every dollar of sales as profit. It trades at 15.6× earnings — around the middle of its own history.

> FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider.

## Identity

- **Ticker**: FDX
- **Sector**: Consumer Cyclical
- **Industry**: Air Courier Services
- **Headquarters**: MEMPHIS, TN
- **Employees**: 452 000
- **Website**: https://www.fedex.com
- **Market cap**: $69.0B
- **Last price**: $291.75
- **Financial profile**: Solid

## Vitals (TTM)

- **Revenue**: $94.7B
- **Net income**: $4.43B
- **Free cash flow**: $5.12B
- **P/E**: 15.6
- **Revenue growth (YoY)**: 7.7%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 82 |
| Growth | 17 |
| Profitability | 31 |
| Health | 55 |
| Quality | 94 |
| Moat | 28 |

## Qualifications (beginner checklist) — 11 of 11 passed

- [x] Revenue growing — +7.7% YoY
- [x] Profitable — $4.43B TTM
- [x] Profit growing — +6.1% YoY
- [x] Generates cash — $5.12B TTM
- [x] Debt under control — current ratio 1.48
- [x] Established company — $69.0B market cap
- [x] Not printing shares — -11.1% shares over ~5y
- [x] Proven track record — 11/11 profitable years
- [x] Financially stable — Altman Z 2.5 — grey
- [x] Pays a dividend — yield 1.99%
- [x] Valuation not extreme — P/E 15.6

## Experience (career milestones)

- **2026** — FedEx completed the spin-off, making FedEx Freight focused on the North American less-than-truckload…
- **FY2021** — Positive free cash flow every year since: 6-year streak
- **FY2021** — Best year on record: $5.23B net income
- **2020** — FedEx acquired ShopRunner, an e-commerce platform
- **2018** — FedEx announced the acquisition of P2P Mailing Limited, a last-mile delivery service, for £92 million…
- **FY2016** — Profitable every year on record: 11 consecutive profitable years in our data
- **FY2016** — Revenue already above $50B: $50.4B in first reported year
- **2015** — FedEx acquired its rival firm TNT Express for €4.4 billion ($4.8 billion
- **2004** — FedEx acquired Parcel Direct, a parcel consolidator
- **2000** — FDX Corporation changed its name to FedEx Corporation and re-branded all of its subsidiaries
- **2000** — FedEx acquired Tower Group International, an international logistics company
- **1988** — It acquired one of its major competitors, Flying Tiger Line, creating the largest full-service cargo…
- **1971** — The company was founded in Little Rock, Arkansas, as Federal Express Corporation by Frederick W

## Strengths

- High gross margin (62.1%)
- Interest covered 11.9× by operating earnings
- Piotroski F-Score 7/9 — fundamentally strong checklist

## Watch-outs

- Net debt would take ~6.7 years of free cash flow to repay

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2022 | $93.5B | $3.83B | $3.07B |
| FY2023 | $90.2B | $3.97B | $2.67B |
| FY2024 | $87.7B | $4.33B | $3.14B |
| FY2025 | $87.9B | $4.09B | $2.98B |
| FY2026 | $94.7B | $4.43B | $5.12B |

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Source: https://stockcv.com/FDX — derived from company filings; may be delayed or incomplete. Information, not investment advice.