FDXF vs GXO: FedEx Freight Holding Company and GXO Logistics compared

FedEx Freight Holding Company is the larger company, worth $18.5B, about 3.0 times GXO Logistics.

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The short version

From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.

  • FedEx Freight Holding Company is the larger company, worth $18.5B, about 3.0 times GXO Logistics.
  • GXO Logistics grew revenue faster over the last year (+7.1% vs -1.1%).
  • FedEx Freight Holding Company keeps more of each dollar of revenue as operating profit (6.1% vs 2.2%).
  • On earnings, FedEx Freight Holding Company is the cheaper stock (28.2x vs 47.6x).

Side by side

The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.

MeasureFDXFGXO
Market cap$18.5B$6.2B
Share price$123.56$55.18
Revenue (last fiscal year)$8.8B$13.2B
Free cash flow (last fiscal year)-$212M$110M
Revenue growth, last year-1.1%+7.1%
Revenue growth per year, last 5 fiscal years-3.4%+13.5%
Operating margin6.1%2.2%
Net margin7.5%0.98%
Return on equity—4.5%
P/E (trailing)28.2x47.6x
Price / free cash flow—35.8x
EV / EBITDA15.5x10.9x
FCF growth the price implies—18.7%
Dividend yield——
Debt / equity—0.94x
Fundamental gradeDC
Superinvestors holding it2720
Insider purchases, last 12 months01

Results from SEC filings

Revenue and free cash flow by fiscal year, from each company's 10-K filings.

FedEx Freight Holding Company

YearRevenueFree cash flowOp. margin
2024$9.4B$1.1B18.6%
2025$8.9B$1.1B15.8%
2026$8.8B-$212M6.1%

GXO Logistics

YearRevenueFree cash flowOp. margin
2021$7.9B$205M1.9%
2022$9.0B$200M2.7%
2023$9.8B$284M3.3%
2024$11.7B$190M1.9%
2025$13.2B$110M1.9%

Where the revenue comes from

FedEx Freight Holding Company · by products, 2026

Priority$5.6B63%
Economy$2.8B32%
Other$408M5%

GXO Logistics · by products, 2025

Omnichannel retail$6.4B49%
Technology and consumer electronics$1.6B12%
Industrial and manufacturing$1.5B12%
Food and beverage$1.4B10%
Consumer packaged goods$1.3B10%
Other$960M7%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
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Questions

Which is bigger, FedEx Freight Holding Company or GXO Logistics?

FedEx Freight Holding Company (FDXF), at $18.5B against $6.2B.

Is FDXF or GXO cheaper?

By trailing P/E, FedEx Freight Holding Company (28.2x) is cheaper than GXO Logistics (47.6x). A lower multiple can also mean the market expects less growth.

Which grows faster, FDXF or GXO?

GXO Logistics: revenue grew +7.1% over the last year, against -1.1%.

Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.

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