FedEx Freight Holding Company, Inc. FDXF

Industrials SIC 4513 - Air Courier Services NYSE

Headquartered in Memphis, Tennessee, FedEx Freight is the largest North American less-than-truckload ("LTL") freight carrier, with industry-leading transit times and service levels, offering choice, simplicity, and reliability to meet the needs of LTL shippers while operating ethically with a commitment to "Safety Above All." As of June 1, 2026, we had approximately 40,000 employees, over 365 locations, including approximately 355 shipping terminals (over 320 of which are in the United States) and approximately 10 linehaul relay sites, and nearly 30,000 motorized vehicles, of which nearly 17,000 are tractors, across all 50 U.S. states, Canada, and Mexico. We also offer freight delivery service to most points in Puerto Rico and the U.S. Virgin Islands. Our robust network established through almost 60 years of operations and consisting of more than 26,000 service center doors strategically positioned in high-demand regions provides critical services that facilitate the transport of goods in North America and powers the supply chains of our customers. Our services and solutions support companies of all sizes, industries, and specialties, and our proximity to our customers allows us to transport their goods quickly, reliably, and efficiently.

Last close 129.45 2026-09-04
Market cap $19.36B 2026-05-31 share count
52-week range 123.24 - 194.27

Valuation FY2025 figures against the last close

P/S2.2x
P/E29.6x
P/FCF
EV/EBITDA22.5x
Dividend yield0.2%
Diluted EPS4.38

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022
Revenue $8.79B$8.89B$9.42B
Total operating expenses $8.26B$7.49B$7.67B
Operating income $540.0M$1.40B$1.75B
Interest expense $57.0M$0$0
Pre-tax income $884.0M$1.80B$2.08B
Income tax $229.0M$456.0M$505.0M
Net income $655.0M$1.35B$1.57B
EPS, basic 4.389.0010.53
EPS, diluted 4.389.0010.53
Shares, diluted (wtd. avg.) $149.5M$149.5M$149.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022
Receivables $1.15B$132.0M
Total current assets $1.51B$284.0M
Goodwill $602.0M$602.0M$602.0M
Total assets $6.88B$5.02B
Accounts payable $106.0M$150.0M
Total current liabilities $993.0M$773.0M
Long-term debt $4.26B
Retained earnings -$509.0M$2.40B
Total equity -$497.0M$2.39B$2.12B$1.67B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022
Operating cash flow $167.0M$1.53B$1.54B
Depreciation and amortisation $512.0M$471.0M$455.0M
Stock-based compensation $13.0M$10.0M$12.0M
Capital expenditure $379.0M$437.0M$461.0M
Investing cash flow -$363.0M-$385.0M-$403.0M
Financing cash flow $335.0M-$1.14B-$1.13B
Dividends paid $48.0M$0$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-053359.

Others in SIC 4513

TickerCompanyMarket capP/ERevenue growth
FDX FEDEX CORP $76.30B 17.4x 7.7%
AIRT AIR T INC $85.1M 1.1x 12.1%