FedEx Freight Holding Company (FDXF) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Nov 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q1 FY2027, filed Oct 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FDXF SEC filings page.
FedEx Freight Holding Company, Inc. (FDXF) reported $8.8B in revenue for fiscal year 2026, down 1.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue held nearly steady, but profitability and cash conversion deteriorated as debt expanded and equity turned negative.
The business absorbed a major profit shock without a comparable sales collapse: operating margin fell from15.8% to6.1% , indicating that weaker economics—not just lower volume—drove the decline. In FY2026, operating cash flow of$167M was below capital expenditures of$379M , so reported earnings did not translate into internally funded cash generation.
Financing changed abruptly: long-term debt rose from
Net income fell
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of FedEx Freight Holding Company, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
FedEx Freight Holding Company, Inc. has an operating margin of 6.1%, meaning the company retains $6 of operating profit per $100 of revenue. This strong profitability earns a score of 65/100, reflecting efficient cost management and pricing power. This is down from 15.8% the prior year.
FedEx Freight Holding Company, Inc.'s revenue declined 1.1% year-over-year, from $8.9B to $8.8B. This contraction results in a growth score of 20/100.
FedEx Freight Holding Company, Inc.'s current ratio of 1.52 indicates adequate short-term liquidity, earning a score of 43/100. The company can meet its near-term obligations, though with limited headroom.
While FedEx Freight Holding Company, Inc. generated $167.0M in operating cash flow, capex of $379.0M consumed most of it, leaving -$212.0M in free cash flow. This results in a low score of 45/100, reflecting heavy capital investment rather than weak cash generation.
FedEx Freight Holding Company, Inc. scores 3.02, well above the 2.99 safe threshold. The largest contribution to the score comes from a market capitalization of $18.5B against total liabilities of $7.4B. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
FedEx Freight Holding Company, Inc. passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) does not pass.
For every $1 of reported earnings, FedEx Freight Holding Company, Inc. generates $0.25 in operating cash flow ($167.0M OCF vs $655.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
FedEx Freight Holding Company, Inc. earns $9.47 in operating income for every $1 of interest expense ($540.0M vs $57.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
FedEx Freight Holding Company, Inc. generated $2.4B in revenue in Q1 2027. This represents an increase of 8.1% from the same quarter a year earlier.
FedEx Freight Holding Company, Inc.'s EBITDA was $367.0M in Q1 2027, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 11.6% from the same quarter a year earlier.
FedEx Freight Holding Company, Inc. reported $147.0M in net income in Q1 2027. This represents a decrease of 49.5% from the same quarter a year earlier.
FedEx Freight Holding Company, Inc. earned $0.98 per diluted share (EPS) in Q1 2027. This represents a decrease of 49.7% from the same quarter a year earlier.
Cash & Balance Sheet
FedEx Freight Holding Company, Inc. generated $239.0M in free cash flow in Q1 2027, representing cash available after capex. This represents a decrease of 76.8% from the same quarter a year earlier.
FedEx Freight Holding Company, Inc. held $388.0M in cash against $4.4B in long-term debt as of Q1 2027.
Not reported for Q1 2027.
Margins & Returns
FedEx Freight Holding Company, Inc.'s operating margin was 10.4% in Q1 2027, reflecting core business profitability. This is down 2.5 percentage points from the same quarter a year earlier.
FedEx Freight Holding Company, Inc.'s net profit margin was 6.0% in Q1 2027, showing the share of revenue converted to profit. This is down 6.9 percentage points from the same quarter a year earlier.
Not reported for Q1 2027.
Not reported for Q1 2027.
Capital Allocation
FedEx Freight Holding Company, Inc. invested $151.0M in capex in Q1 2027, funding long-term assets and infrastructure. This represents an increase of 174.5% from the same quarter a year earlier.
Not reported for Q1 2027.
Not reported for Q1 2027.
FDXF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q1'2610-Q | Q4'2510-K |
|---|---|---|---|---|
| Revenue | $2.4B+8.1% | N/A | $2.3B | N/A |
| Operating Income | $253.0M-12.8% | N/A | $290.0M | N/A |
| EBITDA | $367.0M-11.6% | N/A | $415.0M | N/A |
| Interest Expense | $55.0Mn/m | N/A | $0 | N/A |
| Income Tax | $57.0M-43.0% | N/A | $100.0M | N/A |
| Net Income | $147.0M-49.5% | N/A | $291.0M | N/A |
| EPS (Basic) | $0.98-49.7% | N/A | $1.95 | N/A |
| EPS (Diluted) | $0.98-49.7% | N/A | $1.95 | N/A |
| Diluted Shares (Avg) | 150M+0.3% | N/A | 150M | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses.
FDXF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q1'2610-Q | Q4'2510-K |
|---|---|---|---|---|
| Total Assets | $7.2B | $6.9B+37.1% | N/A | $5.0B |
| Current Assets | $1.8B | $1.5B+430.3% | N/A | $284.0M |
| Cash & Equivalents | $388.0M | $251.0M+130.3% | N/A | $109.0M |
| Short-Term Investments | $0 | $0n/m | N/A | $0 |
| Long-Term Investments | $0 | $0n/m | N/A | $0 |
| Goodwill | $602.0M | $602.0M0.0% | N/A | $602.0M |
| Total Liabilities | $7.5B | $7.4B+180.8% | N/A | $2.6B |
| Current Liabilities | $1.1B | $993.0M+28.5% | N/A | $773.0M |
| Non-Current Liabilities | $6.3B | $6.4B+244.2% | N/A | $1.9B |
| Long-Term Debt | $4.4B | $4.5B+6693.9% | N/A | $66.0M |
| Total Equity | -$252.0M-114.5% | -$497.0M-120.8% | $1.7B | $2.4B |
| Retained Earnings | -$280.0M | -$509.0M-121.2% | N/A | $2.4B |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable.
FDXF Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q1'2610-Q | Q4'2510-K |
|---|---|---|---|---|
| Operating Cash Flow | $390.0M-64.1% | N/A | $1.1B | N/A |
| Depreciation & Amortization | $114.0M-8.8% | N/A | $125.0M | N/A |
| Stock-Based Compensation | $16.0M+220.0% | N/A | $5.0M | N/A |
| Capital Expenditures | $151.0M+174.5% | N/A | $55.0M | N/A |
| Free Cash Flow | $239.0M-76.8% | N/A | $1.0B | N/A |
| Investing Cash Flow | -$138.0Mn/m | N/A | -$50.0M | N/A |
| Financing Cash Flow | -$114.0Mn/m | N/A | -$1.1B | N/A |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
FDXF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q1'2610-Q | Q4'2510-K |
|---|---|---|---|---|
| Operating Margin | 10.4%-2.5pp | N/A | 12.8% | N/A |
| Net Margin | 6.0%-6.9pp | N/A | 12.9% | N/A |
| Return on Equity | N/A | N/A | 16.7% | N/A |
| Return on Assets | 2.0% | N/A | N/A | N/A |
| Current Ratio | 1.63 | 1.52+1.1x | N/A | 0.37 |
| Debt-to-Equity | N/A | N/A | N/A | 0.03 |
| Liabilities-to-Equity | N/A | N/A | N/A | 1.10 |
| Asset Turnover | 0.34 | N/A | N/A | N/A |
| FCF Margin | 9.8%-35.8pp | N/A | 45.6% | N/A |
Not reported in any period shown, so not listed: Gross Margin.
Note: Shareholder equity is negative (-$497.0M), which causes the debt-to-equity, liabilities-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| FedEx Freight Holding Company, Inc. FDXF | FY2026 | $8.8B | $655.0M | 7.4% | $18.5B | 44/100 |
| JB Hunt Transport Services Inc JBHT | FY2025 | $12.0B | $598.3M | 5.0% | $20.3B | 48/100 |
| ZTO Express (Cayman) Inc. ZTO | FY2025 | $7.0B | $1.3B | 18.5% | $15.5B | 76/100 |
| Expeditors International of Washington, Inc. EXPD | FY2025 | $11.1B | $810.3M | 7.3% | $23.8B | 65/100 |
| C.H. Robinson Worldwide, Inc. CHRW | FY2025 | $16.2B | $587.1M | 3.6% | $14.5B | 48/100 |
| FedEx Corporation FDX | FY2026 | $94.7B | $4.4B | 4.7% | $72.2B | 51/100 |
Where FedEx Freight Holding Company, Inc. Ranks
Frequently Asked Questions
FedEx Freight Holding Company, Inc. (FDXF) reported $8.8B in total revenue for fiscal year 2026. This represents a -1.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
FedEx Freight Holding Company, Inc. (FDXF) revenue declined by 1.1% year-over-year, from $8.9B to $8.8B in fiscal year 2026.
Yes, FedEx Freight Holding Company, Inc. (FDXF) reported a net income of $655.0M in fiscal year 2026, with a net profit margin of 7.4%.
FedEx Freight Holding Company, Inc. (FDXF) had EBITDA of $1.1B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2026, FedEx Freight Holding Company, Inc. (FDXF) had $251.0M in cash and equivalents against $4.5B in long-term debt.
FedEx Freight Holding Company, Inc. (FDXF) had an operating margin of 6.1% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
FedEx Freight Holding Company, Inc. (FDXF) had a net profit margin of 7.4% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
FedEx Freight Holding Company, Inc. (FDXF) recorded an outflow of $212.0M in free cash flow during fiscal year 2026. This represents a -119.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
FedEx Freight Holding Company, Inc. (FDXF) generated $167.0M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
FedEx Freight Holding Company, Inc. (FDXF) had $6.9B in total assets as of fiscal year 2026, including both current and long-term assets.
FedEx Freight Holding Company, Inc. (FDXF) invested $379.0M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
FedEx Freight Holding Company, Inc. (FDXF) had a current ratio of 1.52 as of fiscal year 2026, which is generally considered healthy.
FedEx Freight Holding Company, Inc. (FDXF) had a return on assets of 9.5% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
FedEx Freight Holding Company, Inc. (FDXF) trades at 28.2x earnings, its market capitalization divided by $655.0M net income, FY2026. The market capitalization is $18.5B as of Nov 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
FedEx Freight Holding Company, Inc. (FDXF) trades at 2.1x sales, its market capitalization divided by $8.8B revenue, FY2026. The market capitalization is $18.5B as of Nov 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
FedEx Freight Holding Company, Inc. (FDXF) has negative shareholder equity of -$497.0M as of fiscal year 2026, so no debt-to-equity or liabilities-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
FedEx Freight Holding Company, Inc. (FDXF) has an Altman Z-Score of 3.02, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
FedEx Freight Holding Company, Inc. (FDXF) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
FedEx Freight Holding Company, Inc. (FDXF) has an earnings quality ratio of 0.25x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
FedEx Freight Holding Company, Inc. (FDXF) has an interest coverage ratio of 9.47x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
FedEx Freight Holding Company, Inc. (FDXF) scores 44 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.