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ValueScreener company report

FedEx Freight Holding Company, Inc. (FDXF)

NYSE / Industrials / Air Courier Services

Share price

110.50 USD Market dataClose of Oct 15, 2026

Market capitalisation

16.52B USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2026, filed Aug 5, 2026
Ratios computed
Oct 15, 2026
Filed years
3, FY2024 to FY2026
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on invested capital, after tax

n/a Computed

From the FY2026 filing

Why n/a

No cash line is filed for this year.

Read quality

Valuation

Price to earnings

25.23x Computed

FY2026 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

-1.3% Computed

FY2026 accounts, priced at the latest close

Read cash generation

Revenue and net income, by fiscal year

FY2023 Revenue: 10.08B USDFY2023 Net income: 1.58B USDFY2024 Revenue: 9.42B USDFY2024 Net income: 1.57B USDFY2025 Revenue: 8.89B USDFY2025 Net income: 1.35B USDFY2026 Revenue: 8.79B USDFY2026 Net income: 655.0M USD
Revenue Net income4 fiscal years; a year whose statement names no SEC filing is market data, and the table in Filings says which.
Named tests met
0 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 25.23x at the close of 2026-10-15 on FY2026 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits between 25.00x and 40.00x.

Today, against the Industrials sector (412 companies), 25.23x sits at the 50th percentile; the middle half of that group runs from 15.04x to 38.40x.

Is it safe

Interest coverage was 9.47x in FY2026, in the band labelled "Comfortable" (6.00x and above), on lines anchored on Damodaran's interest-coverage table, suggesting an interest bill operating profit covers many times over.

Year by year against peers
Whether FedEx Freight Holding Company, Inc.'s operating margin stayed above the median of the Industrials sector, year by year. (FY2023 to FY2026, 4 fiscal years of FedEx Freight Holding Company, Inc. with a comparable figure)
The direction
Which way FedEx Freight Holding Company, Inc.'s operating margin has moved, and how steadily. (FY2023 to FY2026, 4 filed years of FedEx Freight Holding Company, Inc.)
What could explain it
What in FedEx Freight Holding Company, Inc.'s filed statements could explain the movements. (3 readings drawn from the statement lines FedEx Freight Holding Company, Inc. filed)
What to check next
What to check next on FedEx Freight Holding Company, Inc., and where in its filings. (3 questions for FedEx Freight Holding Company, Inc.)
In one paragraph
One paragraph on FedEx Freight Holding Company, Inc.'s returns, cash, balance sheet and price. (9 of sixteen figures read for FedEx Freight Holding Company, Inc.)

These are FDXF’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research FDXFPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2026 annual report: 10-K, filed Aug 5, 2026, accession 0001628280-26-053359.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

FedEx Freight Holding Company, Inc: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax
Why n/a

No cash line is filed for this year.

n/a ComputedFY2026 10-K, filed Aug 5, 2026, 0001628280-26-053359
Return on equity
Why n/m

Book equity is zero or negative. Return on equity computed over it flips sign and can read as a strong positive on a loss-making company, so we will not show a number.

n/m ComputedFY2026 10-K, filed Aug 5, 2026, 0001628280-26-053359
Return on capital employed, pre-tax9.2% ComputedFY2026 10-K, filed Aug 5, 2026, 0001628280-26-053359
Return on assets9.5% ComputedFY2026 10-K, filed Aug 5, 2026, 0001628280-26-053359
Gross margin
Why n/a

Our archived statements for this filer carry no gross profit line, so there is nothing to compute a gross margin from and trace back to source. That may be because the filer presents no cost of revenue, or because we have not captured the concept. We do not guess which.

n/a ComputedFY2026 10-K, filed Aug 5, 2026, 0001628280-26-053359
Operating margin6.1% ComputedFY2026 10-K, filed Aug 5, 2026, 0001628280-26-053359
Net margin7.5% ComputedFY2026 10-K, filed Aug 5, 2026, 0001628280-26-053359
FDXF 7.5%
APG 3.8%CHRW 3.6%TRU 9.9%EMBJ 4.6%MTZ 2.8%
2.8%9.9%
Net margin: FDXF against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

FedEx Freight Holding Company, Inc: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity
Why n/m

Filed shareholders equity is zero or below, so debt measured against it is not a measurement (n/m).

n/m ComputedFY2026 10-K, filed Aug 5, 2026, 0001628280-26-053359
Current ratio1.52 ComputedFY2026 10-K, filed Aug 5, 2026, 0001628280-26-053359
Quick ratio1.52 ComputedFY2026 10-K, filed Aug 5, 2026, 0001628280-26-053359
Interest coverage9.47x ComputedFY2026 10-K, filed Aug 5, 2026, 0001628280-26-053359
Altman Z-score2.87 ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 5, 2026, 0001628280-26-053359
Net debt
Why n/a

The FY2026 balance sheet carries no net debt we could read.

n/a ComputedFY2026 10-K, filed Aug 5, 2026, 0001628280-26-053359
Total assets 6.88BTotal liabilities 7.38BOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity (zero or below, not drawn)
The balance sheet, line by line

Financial health

What FedEx Freight Holding Company, Inc owned and owed at the end of fiscal 2026, from the balance sheet it filed (10-K, filed Aug 5, 2026, 0001628280-26-053359).

FedEx Freight Holding Company, Inc: balance sheet position
Total assets6.88B FiledFY2026 10-K, filed Aug 5, 2026
Total liabilities7.38B FiledFY2026 10-K, filed Aug 5, 2026
Shareholders' equity-497.0M FiledFY2026 10-K, filed Aug 5, 2026
Cashn/a FiledFY2026 10-K, filed Aug 5, 2026
Total debt6.63B FiledFY2026 10-K, filed Aug 5, 2026
Net debtn/a
Current ratio1.52
Debt to equityn/m
  • Debt to equity: FY2026: Filed shareholders equity is zero or below, so debt measured against it is not a measurement (n/m).

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

FedEx Freight Holding Company, Inc: what the market charges, each with its source
FigureValue, source and document
Price to earnings25.23x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 5, 2026, 0001628280-26-053359
P/E on trailing twelve months
Why n/a

A trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 0 for this company. Nothing is drawn rather than a line built from fewer.

n/a ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book
Why n/m

Book equity is zero or negative, so a ratio measured against it (debt to equity, price to book) is not a measurement, and we will not show a number.

n/m ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 5, 2026, 0001628280-26-053359
Price to sales1.88x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 5, 2026, 0001628280-26-053359
Enterprise value to EBIT
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 5, 2026, 0001628280-26-053359
Enterprise value to EBITDA
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 5, 2026, 0001628280-26-053359
Price to earnings over growth
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 5, 2026, 0001628280-26-053359
Diluted earnings per share4.38 USD FiledFY2026 10-K, filed Aug 5, 2026, 0001628280-26-053359
Graham number
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2026 10-K, filed Aug 5, 2026, 0001628280-26-053359

We publish no fair value or price target of our own. Value FDXF on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for FedEx Freight Holding Company, Inc today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

FedEx Freight Holding Company, Inc: valuation
Share price110.50 USD
Market capitalisation16.52B USD
Enterprise value to EBITDAn/a
Graham numbern/a
Diluted earnings per share, FY20264.38 USD

Price to earnings on trailing twelve months: A trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 0 for this company. Nothing is drawn rather than a line built from fewer.

Companies like FedEx Freight Holding Company, Inc

  1. APi Group Corporation (APG)Market cap 17.43B USD
  2. C.H. Robinson Worldwide, Inc. (CHRW)Market cap 16.78B USD
  3. TransUnion (TRU)Market cap 14.20B USD
  4. Embraer S.A. (EMBJ)Market cap 13.23B USD
  5. MasTec, Inc. (MTZ)Market cap 15.39B USD

Same sector (Industrials) and size band (Large, 10B to 200B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

FedEx Freight Holding Company, Inc: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield-1.3% ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 5, 2026, 0001628280-26-053359
Free cash flow-212.0M USD ComputedFY2026 10-K, filed Aug 5, 2026, 0001628280-26-053359
Free cash flow margin-2.4% ComputedFY2026 10-K, filed Aug 5, 2026, 0001628280-26-053359
Dividend yield
Why n/a

No common dividend is on file for the year before, so one payment is not shown to be a run rate.

n/a ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 5, 2026, 0001628280-26-053359
Payout ratio7.3% ComputedFY2026 10-K, filed Aug 5, 2026, 0001628280-26-053359
FY2023 Free cash flow: 1.19B USDFY2023 Net income: 1.58B USDFY2024 Free cash flow: 1.08B USDFY2024 Net income: 1.57B USDFY2025 Free cash flow: 1.09B USDFY2025 Net income: 1.35B USDFY2026 Free cash flow: -212.0M USDFY2026 Net income: 655.0M USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

FedEx Freight Holding Company, Inc.: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
25.23xFY2026Oct 15, 2026
n/mFY2026Oct 15, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
n/aFY2026Oct 15, 2026
n/a Enterprise value is the market value plus total debt less cash, and the filed balance sheet reports no debt total or no cash.
-1.3%FY2026Oct 15, 2026
n/aFY2026Aug 5, 2026
n/a No cash line is filed for this year.
n/aFY2026Oct 15, 2026
n/a No common dividend is on file for the year before, so one payment is not shown to be a run rate.
n/mFY2026Aug 5, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
1.52FY2026Aug 5, 2026
1.88xFY2026Oct 15, 2026
n/aFY2026Oct 15, 2026
n/a This figure compares a year against the one before it, and we hold one filed year for this company.
2.87FY2026Oct 15, 2026
3.79FY2026Aug 5, 2026
4/9FY2026Aug 5, 2026

The figures are computed from the accounts for fiscal 2026, the newest full year on file. 3 filed fiscal years on record, FY2024 to FY2026, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

4 fiscal years, FY2023 to FY2026. 3 read from the annual reports FedEx Freight Holding Company, Inc filed with the SEC, each naming its filing; the rest from statements that name none, which are market data. Amounts in USD, as reported.

FedEx Freight Holding Company, Inc: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY20268.79B540.0M655.0M4.38-212.0M6.1%n/m10-K, Aug 5, 20260001628280-26-053359
FY20258.89B1.40B1.35B9.001.09B15.8%56.3%10-K, Aug 5, 20260001628280-26-053359
FY20249.42B1.75B1.57B10.531.08B18.6%n/a10-K, Aug 5, 20260001628280-26-053359
FY202310.08B1.89B1.58B12.351.19B18.8%n/aMarket data, supplied Oct 15, 2026accession n/a
  • Revenue, compound annual growth FY2023 to FY2026: -4.5%
  • Earnings, compound annual growth FY2023 to FY2026: -25.5%
  • Earnings per share, compound annual growth FY2023 to FY2026: -29.2%
  • Free cash flow: Free cash flow was not positive in both 2023 and 2026, so a compound rate across the window is not defined. Both figures are in the table.

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

FedEx Freight Holding Company, Inc: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score3.79 ComputedFY2026 10-K, filed Aug 5, 2026, 0001628280-26-053359
Piotroski F-score4/9 ComputedFY2026 10-K, filed Aug 5, 2026, 0001628280-26-053359
Named tests met0 of 30 Computed
Beta
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 0 met, 19 not met, 11 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
None of the named tests.
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; High F-score, low P/B (Joseph Piotroski); Three forensic scores; High yield, low payout; Dividends and buybacks; Near the 52-week low; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); Owner earnings yield; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Cash-covered dividend; Tangible book or below; Cash-flow yield and ROIC; Clean books, high ROIC; Cheapest quarter on P/E (David Dreman); Low P/E, growth, yield (John Neff)
Not measured
Earnings yield and ROIC (Joel Greenblatt); Low PEG, low debt (Peter Lynch); High returns and growth; Gross margin, turnover (Robert Novy-Marx); EV/EBITDA and coverage; Low beta, profitable; ROIC at or above WACC; P/E times P/B (Benjamin Graham); High returns, low debt; Book or below, low debt (Walter Schloss); Cheapest quarter on P/B (David Dreman). A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(19)
  • Debt to Equity: Filed shareholders equity is zero or below, so debt measured against it is not a measurement (n/m).
  • Positive Earnings Streak: We hold 4 profitable filed years in a row; the test needs 10.
  • P/B Ratio: Book equity is zero or negative, so a ratio measured against it (debt to equity, price to book) is not a measurement, and we will not show a number.
  • EV/EBIT: We do not hold this figure for this company, so there is nothing to show.
  • Return on Invested Capital: No cash line is filed for this year.
  • PEG Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Eps Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
  • Return on Equity: Book equity is zero or negative. Return on equity computed over it flips sign and can read as a strong positive on a loss-making company, so we will not show a number.
  • Rev Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
  • Gross Margin: Our archived statements for this filer carry no gross profit line, so there is nothing to compute a gross margin from and trace back to source. That may be because the filer presents no cost of revenue, or because we have not captured the concept. We do not guess which.
  • EV/EBITDA: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Yield: No common dividend is on file for the year before, so one payment is not shown to be a run rate.
  • Share Count Change Yoy: The stored figure is a zero that can stand for data we do not hold, so this test is not measured.
  • Beta: We do not hold this figure for this company, so there is nothing to show.
  • ROIC-WACC Spread: We do not hold this figure for this company, so there is nothing to show.
  • % Above 52-Week Low: We do not hold this figure for this company, so there is nothing to show.
  • Price To Graham: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Streak: The stored figure is a zero that can stand for data we do not hold, so this test is not measured.
  • Price Tangible Book: Book equity is zero or negative, so a ratio measured against it (debt to equity, price to book) is not a measurement, and we will not show a number.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by the founder: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 19 figures could not be read on this company, among them Debt to Equity, Positive Earnings Streak, P/B Ratio. Each blank in the table above names the rest, with its reason. 11 named tests come back incomplete because of them, which is neither met nor missed.
  • We hold 3 filed fiscal years rather than 10, so the run above is shorter than a full decade and is counted as what it is.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Margin Notes

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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