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.
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.
| Measure | FDXF | GXO |
|---|---|---|
| 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 margin | 6.1% | 2.2% |
| Net margin | 7.5% | 0.98% |
| Return on equity | — | 4.5% |
| P/E (trailing) | 28.2x | 47.6x |
| Price / free cash flow | — | 35.8x |
| EV / EBITDA | 15.5x | 10.9x |
| FCF growth the price implies | — | 18.7% |
| Dividend yield | — | — |
| Debt / equity | — | 0.94x |
| Fundamental grade | D | C |
| Superinvestors holding it | 27 | 20 |
| Insider purchases, last 12 months | 0 | 1 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
FedEx Freight Holding Company
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2024 | $9.4B | $1.1B | 18.6% |
| 2025 | $8.9B | $1.1B | 15.8% |
| 2026 | $8.8B | -$212M | 6.1% |
GXO Logistics
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $7.9B | $205M | 1.9% |
| 2022 | $9.0B | $200M | 2.7% |
| 2023 | $9.8B | $284M | 3.3% |
| 2024 | $11.7B | $190M | 1.9% |
| 2025 | $13.2B | $110M | 1.9% |
Where the revenue comes from
FedEx Freight Holding Company · by products, 2026
GXO Logistics · by products, 2025
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.