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FedEx FDX Current ratio

Current ratio at other companies

Old Dominion Freight Line logo
Old Dominion Freight LineODFL
1.6×+0.2×
Amazon logo
AmazonAMZN
1.2×+0.1×
United Parcel Service, Inc. logo
United Parcel Service, Inc.UPS
1.2×+0.1×
XPO
XPOXPO
0.0×
Expeditors International of Washington logo
Expeditors International of WashingtonEXPD
1.8×0.0×
JB Hunt Transport Services logo
JB Hunt Transport ServicesJBHT
1.3×+0.4×

Other financials

Income statement

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Revenue$24.0B+8.3%
Operating income$1.3B+4.3%
Net income$1.1B+16.2%
EPS (diluted)$4.41+17.3%

Balance sheet

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Cash & equivalents$8.0B+56.0%
Total debt$43.2B+14.9%
Total equity$29.8B+11.6%
Total assets$94.7B+11.4%

Cash flow

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Operating cash flow$2.0B-0.9%
CapEx$955.0M-4.2%
Free cash flow$1.0B+2.3%

Valuation

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Market cap$77.77B+43.7%
Enterprise value$112.96B+31.7%
P/E17.3×+3.5×
P/S0.9×+0.2×

Profitability

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Gross margin76%
Operating margin6.2%+0.5pp
Net margin4.9%+0.4pp

Returns & leverage

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Return on equity15.9%+1.1pp
Debt / equity1.4×0.0×

Where this comes from

Calculated from FedEx’s reported figures.

Based on the most recent quarter.

The official record: FedEx’s 10-Q, filed March 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is FedEx's current ratio?
FedEx (FDX) reported current ratio of 1.5× in Q4 2025.
How has FedEx's current ratio changed year-over-year?
FedEx's current ratio increased by 19.0% year-over-year, from 1.2× to 1.5×.
What is the long-term trend for FedEx's current ratio?
Over 4 years (2021 to 2025), FedEx's current ratio has grown at a -6.8% compound annual growth rate (CAGR), from 6.6× to 4.9×.
What does current ratio mean?
Whether the company has enough short-term assets to cover its short-term bills.
How do you interpret current ratio?
Above 1.0 means short-term assets cover short-term liabilities. Very high values can signal idle cash or bloated inventory/receivables rather than strength — there's a healthy middle, not 'more is better'.
How does current ratio compare across companies?
Comparable within an industry. Working-capital-light businesses can operate safely below 1.0 by collecting before they pay.