NYSE : FDXF
FedEx Freight Holding Company, Inc. — Financial statements
Industrials · Integrated Freight & Logistics · United States
Last price 125.33 USD (Oct 30, 2026, 12:53 PM EDT) · Market cap 18.74B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
FedEx Freight Holding Company, Inc. (FDXF) reported revenue of 8.79B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | 8.79B | 8.79B | 8.89B | 9.42B | 10.08B |
| Cost of Revenue | 6.22B | 6.22B | 6.08B | 6.27B | 6.75B |
| Gross Profit | 2.58B | 2.58B | 2.81B | 3.16B | 3.33B |
| Other Operating Expenses | 1.52B | 1.52B | 939.00M | 950.00M | 994.00M |
| Operating Expenses | 2.04B | 2.04B | 1.41B | 1.41B | 1.44B |
| Operating Income | 540.00M | 540.00M | 1.40B | 1.75B | 1.89B |
| Interest Expense | -57.00M | -57.00M | |||
| Interest & Investment Income | 392.00M | 392.00M | 388.00M | 330.00M | 187.00M |
| Other Non Operating Income (Expenses) | 9.00M | 9.00M | 10.00M | -4.00M | 9.00M |
| Pretax Income | 884.00M | 884.00M | 1.80B | 2.08B | 2.09B |
| Income Tax Expense | 229.00M | 229.00M | 456.00M | 505.00M | 509.00M |
| Net Income | 655.00M | 655.00M | 1.35B | 1.57B | 1.58B |
| Net Income to Common | 655.00M | 655.00M | 1.35B | 1.57B | 1.58B |
| Shares Outstanding (Basic) | 149.51M | 149.51M | 149.51M | 149.51M | |
| Shares Outstanding (Diluted) | 149.51M | 149.51M | 149.51M | 149.51M | |
| EPS (Basic) | 4.38 | 4.38 | 9.00 | 10.53 | |
| EPS (Diluted) | 4.38 | 4.38 | 9.00 | 10.53 | |
| Free Cash Flow | -212.00M | -212.00M | 1.09B | 1.08B | 1.19B |
| Free Cash Flow Per Share | -1.42 | -1.42 | 7.32 | 7.22 | |
| Gross Margin | 29.28% | 29.28% | 31.65% | 33.51% | 33.05% |
| Operating Margin | 6.14% | 6.14% | 15.79% | 18.60% | 18.78% |
| Profit Margin | 7.45% | 7.45% | 15.14% | 16.70% | 15.68% |
| Free Cash Flow Margin | -2.41% | -2.41% | 12.30% | 11.46% | 11.84% |
| EBITDA | 989.00M | 989.00M | 1.82B | 2.16B | 2.28B |
| EBITDA Margin | 11.24% | 11.24% | 20.47% | 22.89% | 22.62% |
| D&A For EBITDA | 449.00M | 449.00M | 416.00M | 404.00M | 387.00M |
| EBIT | 540.00M | 540.00M | 1.40B | 1.75B | 1.89B |
| EBIT Margin | 6.14% | 6.14% | 15.79% | 18.60% | 18.78% |
| Effective Tax Rate | 25.91% | 25.91% | 25.30% | 24.29% | 24.35% |
Balance sheet
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 251.00M | 251.00M | 109.00M | 106.00M | |
| Cash & Short-Term Investments | 251.00M | 251.00M | 109.00M | 106.00M | |
| Receivables | 1.15B | 1.15B | 132.00M | 139.00M | |
| Inventory | 21.00M | 21.00M | 21.00M | 25.00M | |
| Prepaid Expenses | 62.00M | 62.00M | 22.00M | 35.00M | |
| Other Current Assets | 18.00M | 18.00M | |||
| Total Current Assets | 1.51B | 1.51B | 284.00M | 305.00M | |
| Property, Plant & Equipment | 4.75B | 4.75B | 4.13B | 4.13B | |
| Goodwill | 602.00M | 602.00M | 602.00M | 602.00M | |
| Long-Term Deferred Tax Assets | 6.00M | 6.00M | 2.00M | 4.00M | |
| Other Long-Term Assets | 23.00M | 23.00M | 2.00M | 3.00M | |
| Total Assets | 6.88B | 6.88B | 5.02B | 5.05B | |
| Accounts Payable | 106.00M | 106.00M | 150.00M | 141.00M | |
| Accrued Expenses | 672.00M | 672.00M | 439.00M | 487.00M | |
| Current Portion of Leases | 215.00M | 215.00M | 179.00M | 167.00M | |
| Other Current Liabilities | 5.00M | 254.00M | |||
| Total Current Liabilities | 993.00M | 993.00M | 773.00M | 1.05B | |
| Long-Term Debt | 4.26B | 4.26B | |||
| Long-Term Leases | 1.89B | 1.89B | 1.25B | 1.28B | |
| Long-Term Deferred Tax Liabilities | 220.00M | 220.00M | 235.00M | 250.00M | |
| Other Long-Term Liabilities | 18.00M | 18.00M | 367.00M | 341.00M | |
| Total Liabilities | 7.38B | 7.38B | 2.63B | 2.92B | |
| Common Stock | 15.00M | 15.00M | |||
| Retained Earnings | -509.00M | -509.00M | 2.40B | 2.13B | |
| Comprehensive Income & Other | -3.00M | -3.00M | -7.00M | -3.00M | |
| Shareholders' Equity | -497.00M | -497.00M | 2.39B | 2.12B | |
| Total Liabilities & Equity | 6.88B | 6.88B | 5.02B | 5.05B | |
| Total Debt | 6.37B | 6.37B | 1.43B | 1.45B | |
| Net Cash (Debt) | -6.11B | -6.11B | -1.32B | -1.34B | |
| Net Cash Per Share | -40.89 | -40.89 | -8.86 | -9.00 | |
| Filing Date Shares Outstanding | 149.52M | 149.52M | 149.51M | 149.51M | |
| Total Common Shares Outstanding | 149.51M | 149.51M | 149.51M | 149.51M | |
| Working Capital | 513.00M | 513.00M | -489.00M | -744.00M | |
| Book Value Per Share | -3.32 | -3.32 | 16.01 | ||
| Tangible Book Value | -1.10B | -1.10B | 1.79B | 1.52B | |
| Tangible Book Value Per Share | -7.35 | -7.35 | 11.98 | ||
| Machinery | 4.48B | 4.48B | 4.58B | 4.48B |
Cash flow statement
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Net Income | 655.00M | 655.00M | 1.35B | 1.57B | 1.58B |
| Depreciation & Amortization | 449.00M | 449.00M | 416.00M | 404.00M | 387.00M |
| Stock-Based Compensation | 13.00M | 13.00M | 10.00M | 12.00M | 13.00M |
| Provision & Write-off of Bad Debts | 91.00M | 91.00M | 19.00M | 11.00M | 9.00M |
| Other Operating Activities | 372.00M | 372.00M | 228.00M | 157.00M | 293.00M |
| Change in Accounts Receivable | -1.15B | -1.15B | -9.00M | 23.00M | |
| Change in Accounts Payable | -169.00M | -169.00M | -255.00M | -233.00M | -327.00M |
| Change in Other Net Operating Assets | -91.00M | -91.00M | -233.00M | -375.00M | -227.00M |
| Operating Cash Flow | 167.00M | 167.00M | 1.53B | 1.54B | 1.75B |
| Capital Expenditures | -379.00M | -379.00M | -437.00M | -461.00M | -558.00M |
| Sale of Property, Plant & Equipment | 16.00M | 16.00M | 52.00M | 58.00M | 56.00M |
| Investing Cash Flow | -363.00M | -363.00M | -385.00M | -403.00M | -502.00M |
| Long-Term Debt Issued | 4.27B | 4.27B | |||
| Long-Term Debt Repaid | -26.00M | -26.00M | -63.00M | -1.00M | -1.00M |
| Net Debt Issued (Repaid) | 4.25B | 4.25B | -63.00M | -1.00M | -1.00M |
| Other Financing Activities | -3.91B | -3.91B | -1.08B | -1.12B | -1.25B |
| Financing Cash Flow | 335.00M | 335.00M | -1.14B | -1.13B | -1.26B |
| Foreign Exchange Rate Adjustments | 3.00M | 3.00M | -3.00M | 1.00M | 1.00M |
| Net Cash Flow | 142.00M | 142.00M | 3.00M | 13.00M | -5.00M |
| Free Cash Flow | -212.00M | -212.00M | 1.09B | 1.08B | 1.19B |
| Free Cash Flow Margin | -2.41% | -2.41% | 12.30% | 11.46% | 11.84% |
| Free Cash Flow Per Share | -1.42 | -1.42 | 7.32 | 7.22 | |
| Levered Free Cash Flow | -511.12M | -511.12M | 602.50M | ||
| Unlevered Free Cash Flow | -475.50M | -475.50M | 602.50M | ||
| Change in Working Capital | -1.41B | -1.41B | -488.00M | -617.00M | -531.00M |
Ratios
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Market Capitalization | 20.11B | 23.88B | |||
| Enterprise Value | 26.23B | 29.13B | |||
| Last Close Price | 126.04 | 160.37 | |||
| PE Ratio | 30.71 | 36.46 | |||
| PS Ratio | 2.14 | 2.71 | |||
| PB Ratio | -48.05 | ||||
| P/OCF Ratio | 112.85 | 142.99 | |||
| EV/Sales Ratio | 2.84 | 3.31 | |||
| EV/EBITDA Ratio | 25.24 | 29.45 | |||
| EV/EBIT Ratio | 46.22 | 53.94 | |||
| Debt / Equity Ratio | -12.81 | -12.81 | 0.60 | 0.68 | |
| Debt / EBITDA Ratio | 4.91 | 4.91 | 0.68 | 0.59 | |
| Debt / FCF Ratio | 1.31 | 1.34 | |||
| Net Debt / Equity Ratio | -12.30 | -12.30 | 0.55 | 0.63 | |
| Net Debt / EBITDA Ratio | 6.18 | 6.18 | 0.73 | 0.62 | |
| Net Debt / FCF Ratio | -28.84 | -28.84 | 1.21 | 1.25 | |
| Asset Turnover | 1.48 | 1.48 | 1.77 | ||
| Inventory Turnover | 296.19 | 296.19 | 264.26 | ||
| Quick Ratio | 1.42 | 1.42 | 0.31 | 0.23 | |
| Current Ratio | 1.52 | 1.52 | 0.37 | 0.29 | |
| Return on Equity (ROE) | 69.09% | 69.09% | 59.60% | ||
| Return on Assets (ROA) | 5.67% | 5.67% | 17.43% | ||
| Return on Invested Capital (ROIC) | 7.56% | 8.33% | 29.19% | 38.26% | |
| Return on Capital Employed (ROCE) | 9.20% | 9.20% | 33.00% | 43.80% | |
| Earnings Yield | 3.26% | 2.74% | |||
| FCF Yield | -1.12% | -0.89% |