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 net asset quality index of FedEx Corporation to measure how much of total assets are equity-financed.
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. Check FedEx Corporation cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
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 |
|---|---|
|
Brookfield Asset Management Ltd.
NYSE:BAM
|
0.030x |
|
Eni SpA ADR
NYSE:E
|
0.026x |
|
Schlumberger NV
NYSE:SLB
|
0.018x |
|
Apollo Global Management LLC Class A
NYSE:APO
|
0.041x |
|
O’Reilly Automotive Inc
NASDAQ:ORLY
|
-0.968x |
|
Marathon Petroleum Corp
NYSE:MPC
|
0.048x |
|
CAIXABANK UN.ADR 1/3 DL 1
F:FV9J
|
N/A |
|
Wesfarmers Ltd
AU:WES
|
0.317x |
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 market cap and net worth.
| 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