FedEx (FDX): analysis in plain words
Is FedEx cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
FedEx (FDX) is listed on the NYSE and we classify it in industrials. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against FedEx according to those figures, and the questions people ask most about the stock. No buy or sell tips.
FedEx (FDX) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | $329.40 | Last price on November 4, 2026 |
| P/E ratio (TTM) | 17.8x | Price over earnings per share |
| Revenue growth | +11.9% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | 4.7% | Profit for every 100 of sales |
| Net debt / EBITDA | 1.9x | Years of operating profit to repay debt |
| Dividend yield | 1.53% | Annual dividend over price |
| Market cap | $77.1 billion | What the stock market values it at |
The FedEx figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any FDX figure that is not available shows as N/A: we do not estimate it.
How FedEx makes money
FedEx charges to move parcels and documents. Its core business is Federal Express, which combines the former FedEx Express and FedEx Ground networks to offer overnight air delivery, ground parcel shipping and international express for businesses and consumers. It also provides logistics, customs brokerage and supply chain services.
Over the last 12 months, FedEx brought in revenue of $94.7 billion. For every 100 it sells, FedEx keeps 27.3 after the direct cost of what it sells (gross margin) and 5.0 after all operating costs (operating margin). With 300,000 full-time employees, that is about $316,000 of revenue per employee.
FedEx against its sector
To know whether a FedEx figure is high or low you have to put it next to similar companies. This table compares FedEx with the median of the 20 industrials companies Fintols covers, with data as of November 4, 2026.
| Figure | FedEx | industrials median |
|---|---|---|
| P/E | 17.8x | 27.3x (20) |
| Revenue growth | +11.9% | +9.8% (20) |
| Net margin | 4.7% | 13.0% (20) |
| Dividend yield | 1.53% | 1.60% (20) |
| Net debt / EBITDA | 1.9x | 2.1x (20) |
In short, against the typical industrials company, FedEx trades on a lower P/E, grows faster and earns a thinner margin. By size, FedEx ranks number 14 of 15 industrials companies quoted in USD on Fintols.
The bull case for FedEx
What works in favour of FedEx, according to its figures as of November 4, 2026:
- FedEx generates real cash: $5.7 billion of free cash flow over 12 months, 7.3% of its stock market value.
- On a P/E basis FedEx trades cheaper than its sector: 17.8x its annual earnings, against 27.3x for the industrials median (20 companies with data).
- FedEx grew sales +11.9% in its latest quarter against the same quarter a year earlier, while the median industrials company Fintols tracks grew +9.8%.
The main risk for FedEx
FedEx runs on a thin net margin (4.7%, against a industrials median of 13.0%): a rise in costs can easily wipe out profit.
And, like the rest of industrials, FedEx is exposed to the economic cycle: when industry and trade slow, its orders fall.
Frequently asked questions about FedEx
Is it a good time to buy FedEx stock?
Fintols does not tell you whether to buy or sell FedEx, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, FedEx stock trades at $329.40, 5% below its 52-week high ($345.37) and 63% above its low ($201.65). Its P/E is 17.8x against a industrials median of 27.3x, and 15.8x on the earnings analysts expect over the next 12 months. With FedEx, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does FedEx pay a dividend?
Yes. As of November 4, 2026, FedEx pays $4.88 per share a year, which at today's price is a yield of 1.53%. It uses 31% of its profit to pay it, which leaves room to keep paying it if profit dips. Its average dividend yield over the last five years is 1.82%. The industrials median on Fintols is 1.60%.
Is FedEx stock expensive?
It depends on what you compare it with. On P/E, FedEx trades at 17.8x its last 12 months of earnings: cheaper than the industrials median (27.3x). Including its debt, FedEx is valued at 8.2x its EBITDA (EV/EBITDA). A high P/E alone does not make FedEx expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are FedEx's competitors?
On Fintols we compare FedEx with 3M, UPS and Illinois Tool Works, which are also in industrials. As of November 4, 2026, 3M is worth $100.0 billion and trades on a P/E of 28.9; UPS is worth $97.3 billion and trades on a P/E of 21.2; Illinois Tool Works is worth $83.4 billion and trades on a P/E of 26.2. Each has a side-by-side comparison with FedEx below.
FedEx competitors
- 3M (MMM) analysis · FedEx vs 3M comparison
- UPS (UPS) analysis · FedEx vs UPS comparison
- Illinois Tool Works (ITW) analysis · FedEx vs Illinois Tool Works comparison
To understand FedEx better
- DCF and WACC Explained: A Practical Valuation Guide
- P/E Ratio and EPS Explained: How to Read Them Without Traps
More companies like FedEx: industrials stocks, S&P 500 companies and S&P 100 companies. Open the full FDX analysis with its valuation and scenarios. Educational content about FedEx, not investment advice.