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FedEx Corporation ( FedEx ) was incorporated in Delaware on October 2, 1997 to serve as the parent holding company and provide strategic direction to the FedEx portfolio of companies. FedEx provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce, and business services, offering integrated business solutions utilizing its flexible, efficient, and intellig…
$388.91
+$2.07 (+0.54%)
Price from 13 days ago
Operating margin is thin at 5.93%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue growth slowed to 0.3%, essentially flat. This is a business that needs a catalyst.
Net debt of $33.34B represents 11.2x FCF, leverage limits flexibility.
20.8x earnings, 21.3x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$91.93B
▲ +0.3% YoY
Net Income (TTM)
$4.48B
▼ -5.5% YoY
Op. Margin
6.21%
▼ -0.4pp YoY
ROIC
6.27%
▼ -0.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$4.37B
▼ -4.9% YoY
Op. Cash Flow (TTM)
$8.18B
▼ -15.4% YoY
Net Debt
$35.19B
Cash & Equiv.
$8.01B
5Y CAGR: +4.9%
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