FedEx Corporation Cash Flow Conversion Efficiency
FedEx Corporation 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.
Cash Flow Conversion Efficiency of FedEx Corporation (1990–2025)
Cash flow conversion efficiency of FedEx Corporation from 1990 to 2025. This chart illustrates how FedEx Corporation's cash flow conversion efficiency has evolved over time, based on yearly financial data. View FedEx Corporation (FDX) share price today for real-time trading data and today's change.
FedEx Corporation Cash Flow Conversion Ratio Explained
FedEx Corporation cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.
FedEx Corporation Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of FedEx Corporation ranked by their cash flow conversion efficiency. Also see FedEx Corporation market cap and net worth for the company's overall valuation and market capitalisation.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
NetEase Inc
MX:NTESN
|
0.080x |
|
Intercontinental Exchange Inc
NYSE:ICE
|
0.045x |
|
Dell Technologies Inc
NYSE:DELL
|
-0.447x |
|
Christian Dior SE
PA:CDI
|
0.114x |
|
Ross Stores Inc
NASDAQ:ROST
|
0.133x |
|
ICICI Bank Limited
F:ICBA
|
0.050x |
|
Moodys Corporation
NYSE:MCO
|
0.299x |
|
IND.+COMM.BK CHINA ADR/20
F:ICKB
|
-0.011x |
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. Review FedEx Corporation (FDX) free cash flow to assess how much free cash flow the company generates relative to operating cash flow.
| 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