FedEx vs United Parcel Service
FedEx and United Parcel Service are similar in size: $94.72bn and $88.66bn of revenue in their latest fiscal years. FedEx grew faster (7.7% against -2.6%). United Parcel Service kept more of each dollar of sales as profit: a net margin of 6.3% against 4.7%. FedEx carries less debt relative to equity (81.3% against 148.7%).
| Latest fiscal year | FedExFDX, 2026 | United Parcel ServiceUPS, 2025 |
|---|---|---|
| Revenue | $94.72bn | $88.66bn |
| Revenue growth | 7.7% | -2.6% |
| Net income | $4.43bn | $5.57bn |
| Operating margin | 5.8% | 8.9% |
| Net margin | 4.7% | 6.3% |
| Return on equity | 14.8% | 33.8% |
| Free cash flow | $5.12bn | $4.76bn |
| Cash | $13.06bn | $5.89bn |
| Total debt | $25.72bn | $24.13bn |
| Debt to equity | 81.3% | 148.7% |
| Dividend per share | $5.80 | $6.56 |
| Dividend yield | — | 5.8% |
| Share buybacks | $796m | $1.00bn |
| Employees | 452,000 | 460,000 |
| Market value | $76.41bn | $92.72bn |
| Price vs our value range | — | Within our value range |
| Moat score | 50 (Moderate) | 64 (Moderate) |
| Insider trades, 12 months | 0 buys, 11 sales | 0 buys, 4 sales |