FedEx Freight Holding Company, Inc. (FDXF) Key Metrics
FDXF valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $16.93B
- Enterprise value
- $23.94B
- P/E (TTM)
- 25.8
- Forward P/E
- 22.2
- PEG ratio
- —
- Price / sales
- 1.9
- Price / book
- 5.9
- EV / EBITDA
- 17.2
- Dividend yield
- —
- Beta
- —
FDXF key metrics, FY2023–FY2026
Fiscal year ended May 31, 2026 · U.S. dollarsFDXF returns How much profit the business earns on the capital it uses.
FDXF per-share figures Results divided by the shares outstanding at year-end.
FDXF financial health Debt, liquidity and how easily interest is covered.
FDXF efficiency & capital use Working capital cycle and where the cash goes.
FDXF valuation history
FDXF returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FDXF debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FDXF price vs earnings per share
FDXF key metrics
FY2023–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Valuation | ||||
| Market capitalization | $23.98B | — | — | — |
| Enterprise value | $30.09B | — | — | — |
| P/E ratio | 36.6 | — | — | — |
| Price / sales | 2.7 | — | — | — |
| Price / operating cash flow | 143.6 | — | — | — |
| EV / sales | 3.4 | — | — | — |
| EV / EBITDA | 21.6 | — | — | — |
| Earnings yield | 2.7% | — | — | — |
| Free cash flow yield | −0.9% | — | — | — |
| Share price at fiscal year-end | $160.37 | — | — | — |
| Per share | ||||
| Revenue per share | $58.83 | $73.14 | $75.09 | $78.78 |
| Earnings per share | $4.38 | $8.88 | $12.54 | $12.35 |
| Operating cash flow per share | $1.12 | $12.60 | $12.28 | $13.69 |
| Free cash flow per share | −$1.42 | $9.00 | $8.61 | $9.33 |
| Cash per share | $1.68 | $0.90 | $0.84 | — |
| Book value per share | −$3.32 | $30.72 | $16.92 | — |
| Tangible book value per share | −$7.35 | $25.77 | $12.13 | — |
| Capex per share | $2.54 | $3.60 | $3.67 | $4.36 |
| Debt per share | $42.57 | $11.82 | $11.56 | — |
| Shares outstanding | 149.5M | 121.5M | 125.5M | 128.0M |
| Change in shares outstanding | +23.0% | −3.2% | −2.0% | — |
| Returns & profitability | ||||
| Return on equity (ROE) | — | 36.8% | 74.1% | — |
| Return on invested capital (ROIC) | 7.5% | 23.4% | 38.3% | — |
| Return on assets (ROA) | 10.0% | 19.2% | 31.2% | — |
| Return on tangible assets | 10.4% | 19.3% | 35.4% | — |
| Free cash flow margin | −2.4% | 12.3% | 11.5% | 11.8% |
| Income quality (OCF / net income) | 0.25 | 1.42 | 0.98 | 1.11 |
| Financial health | ||||
| Total debt | $6.37B | $1.44B | $1.45B | — |
| Cash & short-term investments | $251.0M | $109.0M | $106.0M | — |
| Net debt | $6.11B | $1.33B | $1.34B | — |
| Debt / equity | — | 0.38 | 0.68 | — |
| Debt / assets | 0.92 | 0.23 | 0.29 | — |
| Net debt / EBITDA | 4.40 | 0.71 | 0.54 | — |
| Current ratio | 1.52 | 1.76 | 0.29 | — |
| Quick ratio | 1.52 | 1.73 | 0.27 | — |
| Interest coverage | 9.5 | — | — | — |
| Working capital | $513.0M | $579.0M | −$744.0M | — |
| Invested capital | $5.62B | $5.06B | $3.47B | — |
| Tangible asset value | −$1.10B | $3.13B | $1.52B | — |
| Net current asset value | −$5.88B | −$1.12B | −$2.62B | — |
| Graham number | — | $78.35 | $69.11 | — |
| Graham net-net per share | −$41.81 | −$12.09 | −$21.52 | — |
| Capital allocation | ||||
| Capex / revenue | 4.3% | 4.9% | 4.9% | 5.5% |
| Capex / operating cash flow | 226.9% | 28.5% | 29.9% | 31.8% |
| Capex / depreciation | 0.84 | 1.05 | 1.14 | 1.44 |
| Stock-based compensation / revenue | 0.1% | 0.1% | 0.1% | 0.1% |
| Efficiency | ||||
| Days sales outstanding | 48.6 | 26.9 | 5.4 | — |
| Days of inventory on hand | — | 1.4 | 1.5 | — |
| Days payables outstanding | 7.5 | 8.7 | 8.4 | — |
| Cash conversion cycle (days) | 41.2 | 19.6 | -1.5 | — |
| Receivables turnover | 7.50 | 13.56 | 67.80 | — |
| Payables turnover | 48.80 | 42.06 | 43.62 | — |
| Inventory turnover | — | 266.09 | 246.00 | — |
| Asset turnover | 1.34 | 1.58 | 1.87 | — |
| Average receivables | $1.17B | $655.5M | $139.0M | — |
| Average payables | $128.0M | $145.5M | $141.0M | — |
| Average inventory | — | $23.0M | $25.0M | — |
| Intangibles / total assets | 8.7% | 9.7% | 11.9% | — |
Computed from FDXF's annual financial statements (latest annual report filed August 5, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
FDXF valuation and financial ratios
At the end of fiscal 2026 (May 31, 2026), FedEx Freight traded at 36.6 times earnings. Based on the latest twelve months, the trailing P/E is 25.8 and the forward P/E is 22.2. FedEx Freight earned a return on invested capital of 7.5% in fiscal 2026. It ended the year with $6.4 billion of debt and $251.0 million in cash and short-term investments, net debt of $6.1 billion.
See the FDXF income statement, the FDXF chart for price history, or the FDXF stock overview for the latest quote and news.
FDXF key metrics FAQ
What is FedEx Freight's P/E ratio?
FedEx Freight's trailing P/E ratio is 25.8 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 22.2. At the end of fiscal 2026 it was 36.6.
What is FedEx Freight's EV/EBITDA?
FedEx Freight's enterprise value was 21.6 times EBITDA at the end of fiscal 2026 (enterprise value $30.1 billion, EBITDA $1.4 billion); the current EV/EBITDA is 17.2.
What is FedEx Freight's ROIC?
FedEx Freight's return on invested capital was 7.5% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does FedEx Freight have?
FedEx Freight had total debt of $6.4 billion at the end of fiscal 2026 and $6.1 billion of net debt (4.40 times EBITDA).
What is FedEx Freight's free cash flow yield?
FedEx Freight generated -$212.0 million of free cash flow in fiscal 2026, a free cash flow yield of −0.9% on its market value at year-end ($24.0 billion).
What is FedEx Freight's current ratio?
FedEx Freight's current ratio was 1.52 at the end of fiscal 2026: current assets were 1.52 times current liabilities.