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 has grown revenue faster over the last 4 fiscal years (+4.7% cumulative vs -8.9%). United Parcel Service runs the higher operating margin (8.9% vs 5.9%). Fedex trades at the lower trailing P/E (17.0x vs 18.3x).
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 FY2025 vs UPS FY2025)
| Metric | FDXFY2025 | UPSFY2025 |
|---|---|---|
| Revenue | $87.93B | $88.66B |
| Revenue growth (YoY) | 0.3% | -2.6% |
| Gross margin | — | — |
| Operating margin | 5.9% | 8.9% |
| Net margin | 4.7% | 6.3% |
| Net income | $4.09B | $5.57B |
| Diluted EPS | $16.81 | $6.56 |
| FCF margin | 3.4% | 5.4% |
| ROE | 14.6% | 34.3% |
| Debt / equity | 0.7× | 1.4× |
| Market cap | $75.09B | $95.96B |
| P/E (TTM) | 17.0× | 18.3× |
Fundamentals are from each company’s SEC filings (FDX FY2025, UPS FY2025). P/E and market cap are derived from recent market prices and update daily.
Five-year trend (as reported)
| Revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| FDX | $83.96B | $93.51B | $90.16B | $87.69B | $87.93B |
| UPS | $97.29B | $100.34B | $90.96B | $91.07B | $88.66B |
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 | 5.9%52nd percentile of 606 | 8.9%63rd percentile of 606 |
| Net margin | 4.7%56th percentile of 646 | 6.3%63rd percentile of 646 |
| FCF margin | 3.4%43rd percentile of 561 | 5.4%53rd percentile of 561 |
| Revenue growth (YoY) | +0.3%36th percentile of 669 | -2.6%27th percentile of 669 |
| ROE | 14.6%71st percentile of 600 | 34.3%93rd percentile of 600 |
| P/E (TTM) | 17.0×29th percentile of 435 | 18.3×33rd percentile of 435 |
| Debt / equity | 0.68×64th percentile of 407 | 1.45×85th percentile of 407 |
| Short interest (days to cover) | 1.93d35th percentile of 676 | 4.12d77th percentile of 676 |
Short interest
| FINRA settlement data | FDX | UPS |
|---|---|---|
| Shares sold short | 5.7M | 23.1M |
| Change vs prior settlement | +14.5% | -6.2% |
| Days to cover | 1.93 | 4.12 |
| As of settlement | 2026-06-30 | 2026-06-30 |
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 open-market activity | FDX | UPS |
|---|---|---|
| Buys | 0 | — |
| Sells | 1 ($1.6M) | — |
Open-market purchases and sales reported on SEC Form 4 (grants, exercises and tax withholding excluded). For context, about 16% of covered companies saw any open-market insider buy in a 90-day window.
Held by the same investors
9 tracked 13F managers hold both Fedex and United Parcel Service as of their latest quarterly filings: AQR Capital Management, Bridgewater Associates, Citadel Advisors, D. E. Shaw, Gotham Asset Management, Maverick Capital, Millennium Management, Point72 Asset 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 (public domain). 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.