Fedex vs United Parcel Service (FDX vs UPS)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
Fedex is the larger company by revenue ($94.7B vs $88.7B). United Parcel Service carries the larger market value ($87.3B vs $76.9B). Fedex has grown revenue faster over the last 4 fiscal years (+1.3% cumulative vs -8.9%). United Parcel Service runs the higher operating margin (8.9% vs 5.8%). Fedex trades at the lower trailing P/E (17.5x vs 19.1x).
About Fedex
FedEx Corporation provides transportation, e-commerce, and business services worldwide through an integrated air-ground express network. Its main operations include Federal Express, which offers rapid, time-definite delivery services across more than 220 countries and territories, and FedEx Freight, which provides less-than-truckload freight transportation. The company also operates segments focused on digital solutions, document and business services, customs brokerage, and supply chain management.
About United Parcel Service
United Parcel Service Inc (UPS) is a global package delivery and logistics company serving over 200 countries and territories. It provides transportation and delivery services through an integrated air and ground network, along with distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance. UPS serves a wide range of customers including healthcare, business-to-business, small- and medium-sized businesses, and international markets.
Head to head (FDX FY2026 vs UPS FY2025)
| Metric | FDXFY2026 | UPSFY2025 |
|---|---|---|
| Revenue | $94.72B | $88.66B |
| Revenue growth (YoY) | 7.7% | -2.6% |
| Gross margin | — | — |
| Operating margin | 5.8% | 8.9% |
| Net margin | 4.7% | 6.3% |
| Net income | $4.43B | $5.57B |
| Diluted EPS | $18.55 | $6.56 |
| FCF margin | 5.4% | 5.4% |
| ROE | 14.0% | 34.3% |
| Long-term debt / equity | 0.74× | 1.45× |
| Market cap | $76.89B | $87.34B |
| P/E | 17.5× | 19.1× |
Fundamentals are from each company’s SEC filings (FDX FY2026, UPS FY2025). ROE is net income over fiscal-year-end equity; long-term debt / equity counts non-current term debt only. P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
Five-year trend (as reported)
| FDX by fiscal year | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Revenue | $93.51B | $90.16B | $87.69B | $87.93B | $94.72B |
| Net income | $3.83B | $3.97B | $4.33B | $4.09B | $4.43B |
| Operating margin | 6.7% | 5.4% | 6.3% | 5.9% | 5.8% |
| UPS by fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $97.29B | $100.34B | $90.96B | $91.07B | $88.66B |
| Net income | $12.89B | $11.55B | $6.71B | $5.78B | $5.57B |
| Operating margin | 13.2% | 13.0% | 10.0% | 9.3% | 8.9% |
Fedex and United Parcel Service use different fiscal calendars (FDX's FY2026 ended 2026-05-31, UPS's FY2025 ended 2025-12-31), so their fiscal years are shown separately rather than forced into one timeline.
Peer standing
Where each company ranks among the 684 Industrials companies, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.
| Metric | FDX | UPS |
|---|---|---|
| Operating margin | 5.8%52nd percentile of 605 | 8.9%63rd percentile of 605 |
| Net margin | 4.7%55th percentile of 645 | 6.3%63rd percentile of 645 |
| FCF margin | 5.4%53rd percentile of 562 | 5.4%53rd percentile of 562 |
| Revenue growth (YoY) | +7.7%59th percentile of 668 | -2.6%27th percentile of 668 |
| ROE | 14.0%70th percentile of 600 | 34.3%93rd percentile of 600 |
| P/E | 17.5×31st percentile of 434 | 19.1×37th percentile of 434 |
| Long-term debt / equity | 0.74×67th percentile of 409 | 1.45×86th percentile of 409 |
| Short interest (days to cover) | 3.20d49th percentile of 676 | 5.08d75th percentile of 676 |
Short interest
| FINRA settlement data | FDX | UPS |
|---|---|---|
| Shares sold short | 5.0M | 26.1M |
| Change vs prior settlement | -1.0% | +9.6% |
| Days to cover | 3.20 | 5.08 |
| As of settlement | 2026-08-14 | 2026-08-14 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 activity (codes P/S) | FDX | UPS |
|---|---|---|
| Buys | 0 | — |
| Sells | 1 ($1.6M) | — |
Non-derivative purchases (code P) and sales (code S) reported on SEC Form 4, which may be open-market or private (grants, exercises and tax withholding excluded). For context, about 15% of covered companies saw any reported insider purchase (code P) in a 90-day window.
Held by the same investors
6 tracked 13F managers hold both Fedex and United Parcel Service as of their latest quarterly filings: AQR Capital Management, Citadel Advisors, D. E. Shaw, Gotham Asset Management, Millennium Management, Two Sigma Investments. See which superinvestors hold your own portfolio with the smart money checker.
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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.