FDXF vs UPS: FedEx Freight Holding Company and United Parcel Service compared
United Parcel Service is the larger company, worth $92.2B, about 5.0 times FedEx Freight Holding Company.
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- United Parcel Service is the larger company, worth $92.2B, about 5.0 times FedEx Freight Holding Company.
- United Parcel Service grew revenue faster over the last year (+2.1% vs -1.1%).
- United Parcel Service keeps more of each dollar of revenue as operating profit (7.1% vs 6.1%).
- On earnings, United Parcel Service is the cheaper stock (20.8x vs 28.2x).
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 | UPS |
|---|---|---|
| Market cap | $18.5B | $92.2B |
| Share price | $123.56 | $108.30 |
| Revenue (last fiscal year) | $8.8B | $88.7B |
| Free cash flow (last fiscal year) | -$212M | $4.8B |
| Revenue growth, last year | -1.1% | +2.1% |
| Revenue growth per year, last 5 fiscal years | -3.4% | -2.3% |
| Operating margin | 6.1% | 7.1% |
| Net margin | 7.5% | 4.8% |
| Return on equity | — | 29.5% |
| P/E (trailing) | 28.2x | 20.8x |
| Price / free cash flow | — | 14.5x |
| EV / EBITDA | 15.5x | 10.3x |
| FCF growth the price implies | — | 4.6% |
| Dividend yield | — | 6.1% |
| Debt / equity | — | 1.74x |
| Fundamental grade | D | D |
| Superinvestors holding it | 27 | 27 |
| Insider purchases, last 12 months | 0 | 0 |
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% |
United Parcel Service
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $97.3B | $10.8B | 13.2% |
| 2022 | $100.3B | $9.3B | 13.0% |
| 2023 | $91.0B | $5.1B | 10.0% |
| 2024 | $91.1B | $6.2B | 9.3% |
| 2025 | $88.7B | $4.8B | 8.9% |
Where the revenue comes from
FedEx Freight Holding Company · by products, 2026
United Parcel Service · by products, 2024
Questions
Which is bigger, FedEx Freight Holding Company or United Parcel Service?
United Parcel Service (UPS), at $92.2B against $18.5B.
Is FDXF or UPS cheaper?
By trailing P/E, United Parcel Service (20.8x) is cheaper than FedEx Freight Holding Company (28.2x). A lower multiple can also mean the market expects less growth.
Which grows faster, FDXF or UPS?
United Parcel Service: revenue grew +2.1% 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.