FedEx Corporation (FDX) - Cash Flow Conversion Efficiency
Based on the latest financial reports, FedEx Corporation (FDX) has a cash flow conversion efficiency ratio of 0.067x as of February 2026. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($1.99 Billion) by net assets ($29.80 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See FedEx Corporation defensive interval ratio to measure how many days the company can operate on defensive assets alone.
FedEx Corporation - Cash Flow Conversion Efficiency Trend (1990–2025)
This chart illustrates how FedEx Corporation's cash flow conversion efficiency has evolved over time, based on yearly financial data.
FedEx Corporation Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of FedEx Corporation ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Emerson Electric Company
NYSE:EMR
|
0.038x |
|
Lloyds Banking Group plc
MX:LYGN
|
N/A |
|
ESSILORLUXOTTICA 1/2/O.N.
F:ESLC
|
N/A |
|
AXA SA
F:AXAA
|
0.049x |
|
United Parcel Service Inc
NYSE:UPS
|
0.203x |
|
Equinor ASA
F:DNQA
|
0.119x |
|
Mondelez International Inc
NASDAQ:MDLZ
|
0.018x |
|
Christian Dior SE
PA:CDI
|
0.165x |
Annual Cash Flow Conversion Efficiency for FedEx Corporation (1990–2025)
The table below shows the annual cash flow conversion efficiency of FedEx Corporation from 1990 to 2025. For the full company profile with market capitalisation and key ratios, see FedEx Corporation (FDX) total market value.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-05-31 | $28.07 Billion | $7.04 Billion | 0.251x | -16.83% |
| 2024-05-31 | $27.58 Billion | $8.31 Billion | 0.301x | -10.93% |
| 2023-05-31 | $26.05 Billion | $8.81 Billion | 0.338x | -14.18% |
| 2022-05-31 | $24.94 Billion | $9.83 Billion | 0.394x | -5.99% |
| 2021-05-31 | $24.17 Billion | $10.13 Billion | 0.419x | +50.52% |
| 2020-05-31 | $18.30 Billion | $5.10 Billion | 0.279x | -11.86% |
| 2019-05-31 | $17.76 Billion | $5.61 Billion | 0.316x | +31.31% |
| 2018-05-31 | $19.42 Billion | $4.67 Billion | 0.241x | -21.52% |
| 2017-05-31 | $16.07 Billion | $4.93 Billion | 0.307x | -25.93% |
| 2016-05-31 | $13.78 Billion | $5.71 Billion | 0.414x | +15.70% |
| 2015-05-31 | $14.99 Billion | $5.37 Billion | 0.358x | +28.23% |
| 2014-05-31 | $15.28 Billion | $4.26 Billion | 0.279x | +3.58% |
| 2013-05-31 | $17.40 Billion | $4.69 Billion | 0.269x | -17.93% |
| 2012-05-31 | $14.73 Billion | $4.83 Billion | 0.328x | +23.65% |
| 2011-05-31 | $15.22 Billion | $4.04 Billion | 0.266x | +16.85% |
| 2010-05-31 | $13.81 Billion | $3.14 Billion | 0.227x | +12.46% |
| 2009-05-31 | $13.63 Billion | $2.75 Billion | 0.202x | -15.76% |
| 2008-05-31 | $14.53 Billion | $3.48 Billion | 0.240x | -14.81% |
| 2007-05-31 | $12.66 Billion | $3.56 Billion | 0.282x | -11.84% |
| 2006-05-31 | $11.51 Billion | $3.68 Billion | 0.319x | -1.77% |
| 2005-05-31 | $9.59 Billion | $3.12 Billion | 0.325x | -13.49% |
| 2004-05-31 | $8.04 Billion | $3.02 Billion | 0.376x | +46.39% |
| 2003-05-31 | $7.29 Billion | $1.87 Billion | 0.257x | -24.58% |
| 2002-05-31 | $6.54 Billion | $2.23 Billion | 0.340x | -1.72% |
| 2001-05-31 | $5.90 Billion | $2.04 Billion | 0.346x | +1.99% |
| 2000-05-31 | $4.79 Billion | $1.63 Billion | 0.340x | -10.62% |
| 1999-05-31 | $4.66 Billion | $1.77 Billion | 0.380x | -11.79% |
| 1998-05-31 | $3.96 Billion | $1.71 Billion | 0.431x | +49.70% |
| 1997-05-31 | $3.50 Billion | $1.01 Billion | 0.288x | -21.69% |
| 1996-05-31 | $2.58 Billion | $946.60 Million | 0.367x | -19.94% |
| 1995-05-31 | $2.25 Billion | $1.03 Billion | 0.459x | +15.13% |
| 1994-05-31 | $1.92 Billion | $767.30 Million | 0.399x | -8.11% |
| 1993-05-31 | $1.67 Billion | $725.10 Million | 0.434x | +31.59% |
| 1992-05-31 | $1.58 Billion | $520.80 Million | 0.330x | -30.14% |
| 1991-05-31 | $1.67 Billion | $787.40 Million | 0.472x | +50.74% |
| 1990-05-31 | $1.65 Billion | $516.30 Million | 0.313x | -- |
About FedEx Corporation
FedEx Corporation, together with its subsidiaries, provides transportation, e-commerce, and business services in the United States and internationally. It operates through Federal Express and FedEx Freight segments. The company offers transportation services, including express, freight, less-than-truckload freight, and time-specific freight-shipping; and small-package ground delivery services. It… Read more