FDXFFedEx Freight Holding Company, Inc.
Air Courier Services
- Revenue
- $8.8B
- 1.1% YoY
- Operating margin
- 6.1%
- 61% YoY
- EBITDA
- $1.1B
- 44% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 3.8×
- $4.0B net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashFired25% of net incomeCash flow under 80% of net income
- Dilutive SBCClear0% of revenueOver 10% of revenue
- Payouts exceed cash flowClear29% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear8% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|
| Revenue | $9.4B | $8.9B | $8.8B | 1.1% |
| Operating income | $1.8B | $1.4B | $540M | 62% |
| Net income | $1.6B | $1.3B | $655M | 51% |
| Operating cash flow | $1.5B | $1.5B | $167M | 89% |
| Capex | $461M | $437M | $379M | 13% |
| Stock-based comp | $12M | $10M | $13M | 30% |
| Dividends | $0 | $0 | $48M |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.