Stock Analysis on Net

FedEx Corp. (NYSE:FDX)

$24.99

Analysis of Reportable Segments

Microsoft Excel

Paying user area


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Segment Profit Margin

FedEx Corp., profit margin by reportable segment

Microsoft Excel
May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019
FedEx Express
FedEx Ground
FedEx Freight
FedEx Services

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).

Segment profitability ratio Reportable segment The company
Segment profit margin FedEx Express FedEx Express segment profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024.
FedEx Ground FedEx Ground segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.
FedEx Freight FedEx Freight segment profit margin ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024.
FedEx Services

Segment Profit Margin: FedEx Express

FedEx Corp.; FedEx Express; segment profit margin calculation

Microsoft Excel
May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019
Selected Financial Data (US$ in millions)
Operating income (loss)
Revenue
Segment Profitability Ratio
Segment profit margin1

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).

1 2024 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Revenue
= 100 × ÷ =

Segment profitability ratio Reportable segment The company
Segment profit margin FedEx Express FedEx Express segment profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Segment Profit Margin: FedEx Ground

FedEx Corp.; FedEx Ground; segment profit margin calculation

Microsoft Excel
May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019
Selected Financial Data (US$ in millions)
Operating income (loss)
Revenue
Segment Profitability Ratio
Segment profit margin1

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).

1 2024 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Revenue
= 100 × ÷ =

Segment profitability ratio Reportable segment The company
Segment profit margin FedEx Ground FedEx Ground segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.

Segment Profit Margin: FedEx Freight

FedEx Corp.; FedEx Freight; segment profit margin calculation

Microsoft Excel
May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019
Selected Financial Data (US$ in millions)
Operating income (loss)
Revenue
Segment Profitability Ratio
Segment profit margin1

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).

1 2024 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Revenue
= 100 × ÷ =

Segment profitability ratio Reportable segment The company
Segment profit margin FedEx Freight FedEx Freight segment profit margin ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024.

Segment Profit Margin: FedEx Services

FedEx Corp.; FedEx Services; segment profit margin calculation

Microsoft Excel
May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019
Selected Financial Data (US$ in millions)
Operating income (loss)
Revenue
Segment Profitability Ratio
Segment profit margin1

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).

1 2024 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Revenue
= 100 × ÷ =

Segment profitability ratio Reportable segment The company
Segment profit margin FedEx Services

Segment Return on Assets (Segment ROA)

FedEx Corp., ROA by reportable segment

Microsoft Excel
May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019
FedEx Express
FedEx Ground
FedEx Freight
FedEx Services

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).

Segment profitability ratio Reportable segment The company
Segment ROA FedEx Express FedEx Express segment ROA deteriorated from 2022 to 2023 and from 2023 to 2024.
FedEx Ground FedEx Ground segment ROA improved from 2022 to 2023 and from 2023 to 2024.
FedEx Freight FedEx Freight segment ROA improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.
FedEx Services

Segment ROA: FedEx Express

FedEx Corp.; FedEx Express; segment ROA calculation

Microsoft Excel
May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019
Selected Financial Data (US$ in millions)
Operating income (loss)
Segment assets
Segment Profitability Ratio
Segment ROA1

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).

1 2024 Calculation
Segment ROA = 100 × Operating income (loss) ÷ Segment assets
= 100 × ÷ =

Segment profitability ratio Reportable segment The company
Segment ROA FedEx Express FedEx Express segment ROA deteriorated from 2022 to 2023 and from 2023 to 2024.

Segment ROA: FedEx Ground

FedEx Corp.; FedEx Ground; segment ROA calculation

Microsoft Excel
May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019
Selected Financial Data (US$ in millions)
Operating income (loss)
Segment assets
Segment Profitability Ratio
Segment ROA1

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).

1 2024 Calculation
Segment ROA = 100 × Operating income (loss) ÷ Segment assets
= 100 × ÷ =

Segment profitability ratio Reportable segment The company
Segment ROA FedEx Ground FedEx Ground segment ROA improved from 2022 to 2023 and from 2023 to 2024.

Segment ROA: FedEx Freight

FedEx Corp.; FedEx Freight; segment ROA calculation

Microsoft Excel
May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019
Selected Financial Data (US$ in millions)
Operating income (loss)
Segment assets
Segment Profitability Ratio
Segment ROA1

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).

1 2024 Calculation
Segment ROA = 100 × Operating income (loss) ÷ Segment assets
= 100 × ÷ =

Segment profitability ratio Reportable segment The company
Segment ROA FedEx Freight FedEx Freight segment ROA improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Segment ROA: FedEx Services

FedEx Corp.; FedEx Services; segment ROA calculation

Microsoft Excel
May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019
Selected Financial Data (US$ in millions)
Operating income (loss)
Segment assets
Segment Profitability Ratio
Segment ROA1

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).

1 2024 Calculation
Segment ROA = 100 × Operating income (loss) ÷ Segment assets
= 100 × ÷ =

Segment profitability ratio Reportable segment The company
Segment ROA FedEx Services

Segment Asset Turnover

FedEx Corp., asset turnover by reportable segment

Microsoft Excel
May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019
FedEx Express
FedEx Ground
FedEx Freight
FedEx Services

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).

Segment activity ratio Reportable segment The company
Segment asset turnover FedEx Express FedEx Express segment asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.
FedEx Ground FedEx Ground segment asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.
FedEx Freight FedEx Freight segment asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.
FedEx Services FedEx Services segment asset turnover ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024.

Segment Asset Turnover: FedEx Express

FedEx Corp.; FedEx Express; segment asset turnover calculation

Microsoft Excel
May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019
Selected Financial Data (US$ in millions)
Revenue
Segment assets
Segment Activity Ratio
Segment asset turnover1

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).

1 2024 Calculation
Segment asset turnover = Revenue ÷ Segment assets
= ÷ =

Segment activity ratio Reportable segment The company
Segment asset turnover FedEx Express FedEx Express segment asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Segment Asset Turnover: FedEx Ground

FedEx Corp.; FedEx Ground; segment asset turnover calculation

Microsoft Excel
May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019
Selected Financial Data (US$ in millions)
Revenue
Segment assets
Segment Activity Ratio
Segment asset turnover1

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).

1 2024 Calculation
Segment asset turnover = Revenue ÷ Segment assets
= ÷ =

Segment activity ratio Reportable segment The company
Segment asset turnover FedEx Ground FedEx Ground segment asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.

Segment Asset Turnover: FedEx Freight

FedEx Corp.; FedEx Freight; segment asset turnover calculation

Microsoft Excel
May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019
Selected Financial Data (US$ in millions)
Revenue
Segment assets
Segment Activity Ratio
Segment asset turnover1

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).

1 2024 Calculation
Segment asset turnover = Revenue ÷ Segment assets
= ÷ =

Segment activity ratio Reportable segment The company
Segment asset turnover FedEx Freight FedEx Freight segment asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Segment Asset Turnover: FedEx Services

FedEx Corp.; FedEx Services; segment asset turnover calculation

Microsoft Excel
May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019
Selected Financial Data (US$ in millions)
Revenue
Segment assets
Segment Activity Ratio
Segment asset turnover1

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).

1 2024 Calculation
Segment asset turnover = Revenue ÷ Segment assets
= ÷ =

Segment activity ratio Reportable segment The company
Segment asset turnover FedEx Services FedEx Services segment asset turnover ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024.

Segment Capital Expenditures to Depreciation

FedEx Corp., capital expenditures to depreciation by reportable segment

Microsoft Excel
May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019
FedEx Express
FedEx Ground
FedEx Freight
FedEx Services

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation FedEx Express FedEx Express segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024.
FedEx Ground FedEx Ground segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 and from 2023 to 2024.
FedEx Freight FedEx Freight segment capital expenditures to depreciation ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024.
FedEx Services FedEx Services segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Segment Capital Expenditures to Depreciation: FedEx Express

FedEx Corp.; FedEx Express; segment capital expenditures to depreciation calculation

Microsoft Excel
May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019
Selected Financial Data (US$ in millions)
Capital expenditures
Depreciation and amortization
Segment Financial Ratio
Segment capital expenditures to depreciation1

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).

1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= ÷ =

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation FedEx Express FedEx Express segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024.

Segment Capital Expenditures to Depreciation: FedEx Ground

FedEx Corp.; FedEx Ground; segment capital expenditures to depreciation calculation

Microsoft Excel
May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019
Selected Financial Data (US$ in millions)
Capital expenditures
Depreciation and amortization
Segment Financial Ratio
Segment capital expenditures to depreciation1

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).

1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= ÷ =

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation FedEx Ground FedEx Ground segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Segment Capital Expenditures to Depreciation: FedEx Freight

FedEx Corp.; FedEx Freight; segment capital expenditures to depreciation calculation

Microsoft Excel
May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019
Selected Financial Data (US$ in millions)
Capital expenditures
Depreciation and amortization
Segment Financial Ratio
Segment capital expenditures to depreciation1

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).

1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= ÷ =

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation FedEx Freight FedEx Freight segment capital expenditures to depreciation ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024.

Segment Capital Expenditures to Depreciation: FedEx Services

FedEx Corp.; FedEx Services; segment capital expenditures to depreciation calculation

Microsoft Excel
May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019
Selected Financial Data (US$ in millions)
Capital expenditures
Depreciation and amortization
Segment Financial Ratio
Segment capital expenditures to depreciation1

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).

1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= ÷ =

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation FedEx Services FedEx Services segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Revenue

FedEx Corp., revenue by reportable segment

US$ in millions

Microsoft Excel
May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019
FedEx Express
FedEx Ground
FedEx Freight
FedEx Services
Corporate, other and eliminations
Consolidated total

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).


Depreciation and amortization

FedEx Corp., depreciation and amortization by reportable segment

US$ in millions

Microsoft Excel
May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019
FedEx Express
FedEx Ground
FedEx Freight
FedEx Services
Corporate, other and eliminations
Consolidated total

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).


Operating income (loss)

FedEx Corp., operating income (loss) by reportable segment

US$ in millions

Microsoft Excel
May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019
FedEx Express
FedEx Ground
FedEx Freight
FedEx Services
Corporate, other and eliminations
Consolidated total

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).


Segment assets

FedEx Corp., segment assets by reportable segment

US$ in millions

Microsoft Excel
May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019
FedEx Express
FedEx Ground
FedEx Freight
FedEx Services
Corporate, other and eliminations
Consolidated total

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).


Capital expenditures

FedEx Corp., capital expenditures by reportable segment

US$ in millions

Microsoft Excel
May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019
FedEx Express
FedEx Ground
FedEx Freight
FedEx Services
Corporate, other and eliminations
Consolidated total

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).