FedEx Corporation (FDX) — Capital Reinvestment Ratio
Latest as of February 2026:
0.48x
FedEx Corporation (FDX) has a Capital Reinvestment Ratio of 0.48x as of February 2026, meaning it reinvests 0% of its operating cash flow ($1.99 Billion) in capital expenditures ($955.00 Million). See FDX free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.48x
Capex / Operating Cash Flow
Operating Cash Flow
$1.99 Billion
USD
Capital Expenditures
$955.00 Million
USD
Data as of
Feb 2026
Most recent filing
FedEx Corporation Capital Reinvestment Ratio (1990–2025)
This chart tracks FedEx Corporation's Capital Reinvestment Ratio across 39 annual periods.
Annual Capital Reinvestment Ratio for FedEx Corporation (1990–2025)
Year-by-year Capital Reinvestment Ratio for FedEx Corporation from 1990 to 2025. For live market cap and broader valuation context, see FedEx Corporation market capitalisation.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.58x | $7.04 Billion | $4.05 Billion | ▼ -7.5% |
| 2024 | 0.62x | $8.31 Billion | $5.18 Billion | ▼ -11.1% |
| 2023 | 0.70x | $8.81 Billion | $6.17 Billion | ▲ +1.8% |
| 2022 | 0.69x | $9.83 Billion | $6.76 Billion | ▲ +18.5% |
| 2021 | 0.58x | $10.13 Billion | $5.88 Billion | ▼ -49.6% |
| 2020 | 1.15x | $5.10 Billion | $5.87 Billion | ▲ +17.7% |
| 2019 | 0.98x | $5.61 Billion | $5.49 Billion | ▼ -19.3% |
| 2018 | 1.21x | $4.67 Billion | $5.66 Billion | ▼ -4.8% |
| 2017 | 1.27x | $2.46 Billion | $3.13 Billion | ▲ +22.7% |
| 2017 | 1.04x | $4.93 Billion | $5.12 Billion | ▲ +2.7% |
| 2016 | 1.01x | $2.89 Billion | $2.92 Billion | ▲ +19.7% |
| 2016 | 0.84x | $5.71 Billion | $4.82 Billion | ▼ -37.5% |
| 2015 | 1.35x | $2.62 Billion | $3.53 Billion | ▲ +66.8% |
| 2015 | 0.81x | $5.37 Billion | $4.35 Billion | ▼ -2.2% |
| 2014 | 0.83x | $4.26 Billion | $3.53 Billion | ▲ +15.1% |
| 2013 | 0.72x | $4.69 Billion | $3.38 Billion | ▼ -13.1% |
| 2012 | 0.83x | $4.83 Billion | $4.01 Billion | ▼ -2.5% |
| 2011 | 0.85x | $4.04 Billion | $3.43 Billion | ▼ -5.3% |
| 2010 | 0.90x | $3.14 Billion | $2.82 Billion | ▲ +0.5% |
| 2009 | 0.89x | $2.75 Billion | $2.46 Billion | ▲ +5.6% |
| 2008 | 0.85x | $3.48 Billion | $2.95 Billion | ▲ +4.6% |
| 2007 | 0.81x | $3.56 Billion | $2.88 Billion | ▲ +18.1% |
| 2006 | 0.68x | $3.68 Billion | $2.52 Billion | ▼ -4.5% |
| 2005 | 0.72x | $3.12 Billion | $2.24 Billion | ▲ +70.4% |
| 2004 | 0.42x | $3.02 Billion | $1.27 Billion | ▼ -47.9% |
| 2003 | 0.81x | $1.87 Billion | $1.51 Billion | ▲ +11.4% |
| 2002 | 0.72x | $2.23 Billion | $1.61 Billion | ▼ -21.8% |
| 2001 | 0.93x | $2.04 Billion | $1.89 Billion | ▼ -7.5% |
| 2000 | 1.00x | $1.63 Billion | $1.63 Billion | ▲ +0.3% |
| 1999 | 1.00x | $1.77 Billion | $1.77 Billion | ▼ -9.4% |
| 1998 | 1.10x | $1.71 Billion | $1.88 Billion | ▼ -24.5% |
| 1997 | 1.46x | $1.01 Billion | $1.47 Billion | ▼ -2.2% |
| 1996 | 1.49x | $946.60 Million | $1.41 Billion | ▲ +45.0% |
| 1995 | 1.03x | $1.03 Billion | $1.06 Billion | ▼ -27.4% |
| 1994 | 1.42x | $767.30 Million | $1.09 Billion | ▲ +0.4% |
| 1993 | 1.41x | $725.10 Million | $1.02 Billion | ▼ -19.7% |
| 1992 | 1.76x | $520.80 Million | $915.90 Million | ▲ +34.7% |
| 1991 | 1.31x | $787.40 Million | $1.03 Billion | ▼ -42.1% |
| 1990 | 2.25x | $516.30 Million | $1.16 Billion | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow