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
FedEx Corporation (FDX) - Net Assets
Latest net assets as of November 2025: $28.14 Billion USD
Based on the latest financial reports, FedEx Corporation (FDX) has net assets worth $28.14 Billion USD as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($89.18 Billion) and total liabilities ($61.04 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $28.14 Billion |
| % of Total Assets | 31.55% |
| Annual Growth Rate | 8.68% |
| 5-Year Change | 16.16% |
| 10-Year Change | 103.67% |
| Growth Volatility | 10.9 |
FedEx Corporation - Net Assets Trend (1986–2025)
This chart illustrates how FedEx Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for FedEx Corporation (1986–2025)
The table below shows the annual net assets of FedEx Corporation from 1986 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-05-31 | $28.07 Billion | +1.78% |
| 2024-05-31 | $27.58 Billion | +5.86% |
| 2023-05-31 | $26.05 Billion | +4.47% |
| 2022-05-31 | $24.94 Billion | +3.19% |
| 2021-05-31 | $24.17 Billion | +32.10% |
| 2020-05-31 | $18.30 Billion | +3.03% |
| 2019-05-31 | $17.76 Billion | -8.54% |
| 2018-05-31 | $19.42 Billion | +20.80% |
| 2017-05-31 | $16.07 Billion | +16.61% |
| 2016-05-31 | $13.78 Billion | -8.06% |
| 2015-05-31 | $14.99 Billion | -1.86% |
| 2014-05-31 | $15.28 Billion | -12.19% |
| 2013-05-31 | $17.40 Billion | +18.14% |
| 2012-05-31 | $14.73 Billion | -3.24% |
| 2011-05-31 | $15.22 Billion | +10.20% |
| 2010-05-31 | $13.81 Billion | +1.36% |
| 2009-05-31 | $13.63 Billion | -6.20% |
| 2008-05-31 | $14.53 Billion | +14.78% |
| 2007-05-31 | $12.66 Billion | +9.95% |
| 2006-05-31 | $11.51 Billion | +20.06% |
| 2005-05-31 | $9.59 Billion | +19.31% |
| 2004-05-31 | $8.04 Billion | +10.26% |
| 2003-05-31 | $7.29 Billion | +11.35% |
| 2002-05-31 | $6.54 Billion | +10.92% |
| 2001-05-31 | $5.90 Billion | +23.30% |
| 2000-05-31 | $4.79 Billion | +2.61% |
| 1999-05-31 | $4.66 Billion | +17.73% |
| 1998-05-31 | $3.96 Billion | +13.14% |
| 1997-05-31 | $3.50 Billion | +35.91% |
| 1996-05-31 | $2.58 Billion | +14.72% |
| 1995-05-31 | $2.25 Billion | +16.67% |
| 1994-05-31 | $1.92 Billion | +15.15% |
| 1993-05-31 | $1.67 Billion | +5.80% |
| 1992-05-31 | $1.58 Billion | -5.33% |
| 1991-05-31 | $1.67 Billion | +1.18% |
| 1990-05-31 | $1.65 Billion | +10.43% |
| 1989-05-31 | $1.49 Billion | +12.23% |
| 1988-05-31 | $1.33 Billion | +23.34% |
| 1987-05-31 | $1.08 Billion | -1.17% |
| 1986-05-31 | $1.09 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to FedEx Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 6821.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (May 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $41.40 Billion | 147.47% |
| Common Stock | $32.00 Million | 0.11% |
| Other Comprehensive Income | $-1.36 Billion | -4.85% |
| Total Equity | $28.07 Billion | 100.00% |
FedEx Corporation Competitors by Market Cap
The table below lists competitors of FedEx Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HCA Holdings Inc
NYSE:HCA
|
$77.08 Billion |
|
Petróleo Brasileiro S.A. - Petrobras
NYSE:PBR-A
|
$77.12 Billion |
|
Hon Hai Precision Industry Co Ltd
TW:2317
|
$77.18 Billion |
|
NetEase Inc
NASDAQ:NTES
|
$77.58 Billion |
|
BNP Paribas SA
OTCQX:BNPQF
|
$76.94 Billion |
|
Investor AB Series B
LSE:0NC6
|
$76.75 Billion |
|
The Bank of Nova Scotia
MX:BNS
|
$76.65 Billion |
|
Brookfield Corp
NYSE:BN
|
$76.43 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FedEx Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 27,582,000,000 to 28,074,000,000, a change of 492,000,000 (1.8%).
- Net income of 4,092,000,000 contributed positively to equity growth.
- Dividend payments of 1,339,000,000 reduced retained earnings.
- Share repurchases of 3,017,000,000 reduced equity.
- New share issuances of 524,000,000 increased equity.
- Other comprehensive income decreased equity by 3,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $4.09 Billion | +14.58% |
| Dividends Paid | $1.34 Billion | -4.77% |
| Share Repurchases | $3.02 Billion | -10.75% |
| Share Issuances | $524.00 Million | +1.87% |
| Other Comprehensive Income | $-3.00 Million | -0.01% |
| Other Changes | $235.00 Million | +0.84% |
| Total Change | $- | 1.78% |
Book Value vs Market Value Analysis
This analysis compares FedEx Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.07x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 64.88x to 3.07x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-05-31 | $5.47 | $354.66 | x |
| 1987-05-31 | $5.11 | $354.66 | x |
| 1988-05-31 | $6.31 | $354.66 | x |
| 1989-05-31 | $7.18 | $354.66 | x |
| 1990-05-31 | $7.83 | $354.66 | x |
| 1991-05-31 | $8.48 | $354.66 | x |
| 1992-05-31 | $7.36 | $354.66 | x |
| 1993-05-31 | $7.75 | $354.66 | x |
| 1994-05-31 | $8.59 | $354.66 | x |
| 1995-05-31 | $9.94 | $354.66 | x |
| 1996-05-31 | $11.27 | $354.66 | x |
| 1997-05-31 | $11.89 | $354.66 | x |
| 1998-05-31 | $13.31 | $354.66 | x |
| 1999-05-31 | $15.51 | $354.66 | x |
| 2000-05-31 | $16.14 | $354.66 | x |
| 2001-05-31 | $20.11 | $354.66 | x |
| 2002-05-31 | $21.57 | $354.66 | x |
| 2003-05-31 | $24.06 | $354.66 | x |
| 2004-05-31 | $26.47 | $354.66 | x |
| 2005-05-31 | $31.23 | $354.66 | x |
| 2006-05-31 | $37.16 | $354.66 | x |
| 2007-05-31 | $40.69 | $354.66 | x |
| 2008-05-31 | $46.56 | $354.66 | x |
| 2009-05-31 | $43.67 | $354.66 | x |
| 2010-05-31 | $43.98 | $354.66 | x |
| 2011-05-31 | $48.01 | $354.66 | x |
| 2012-05-31 | $46.46 | $354.66 | x |
| 2013-05-31 | $54.88 | $354.66 | x |
| 2014-05-31 | $49.28 | $354.66 | x |
| 2015-05-31 | $52.24 | $354.66 | x |
| 2016-05-31 | $49.41 | $354.66 | x |
| 2017-05-31 | $59.53 | $354.66 | x |
| 2018-05-31 | $71.38 | $354.66 | x |
| 2019-05-31 | $67.01 | $354.66 | x |
| 2020-05-31 | $69.83 | $354.66 | x |
| 2021-05-31 | $90.18 | $354.66 | x |
| 2022-05-31 | $93.76 | $354.66 | x |
| 2023-05-31 | $101.91 | $354.66 | x |
| 2024-05-31 | $109.89 | $354.66 | x |
| 2025-05-31 | $115.53 | $354.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FedEx Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.58%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.65%
- • Asset Turnover: 1.00x
- • Equity Multiplier: 3.12x
- Recent ROE (14.58%) is above the historical average (10.72%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 12.07% | 5.06% | 1.14x | 2.09x | $22.63 Million |
| 1987 | -6.07% | -2.06% | 1.27x | 2.32x | $-173.39 Million |
| 1988 | 14.11% | 4.83% | 1.29x | 2.26x | $54.63 Million |
| 1989 | 11.15% | 3.22% | 0.98x | 3.54x | $17.15 Million |
| 1990 | 7.02% | 1.65% | 1.24x | 3.44x | $-49.12 Million |
| 1991 | 0.35% | 0.08% | 1.36x | 3.40x | $-160.96 Million |
| 1992 | -7.20% | -1.51% | 1.38x | 3.46x | $-271.77 Million |
| 1993 | 3.22% | 0.69% | 1.35x | 3.47x | $-113.24 Million |
| 1994 | 10.62% | 2.41% | 1.42x | 3.11x | $11.93 Million |
| 1995 | 13.25% | 3.17% | 1.46x | 2.86x | $73.04 Million |
| 1996 | 11.95% | 3.00% | 1.53x | 2.60x | $50.19 Million |
| 1997 | 10.32% | 3.14% | 1.27x | 2.58x | $11.08 Million |
| 1998 | 12.70% | 3.17% | 1.64x | 2.45x | $106.91 Million |
| 1999 | 13.54% | 3.76% | 1.58x | 2.28x | $164.96 Million |
| 2000 | 14.38% | 3.77% | 1.58x | 2.41x | $209.81 Million |
| 2001 | 9.90% | 2.98% | 1.47x | 2.26x | $-5.67 Million |
| 2002 | 10.85% | 3.45% | 1.49x | 2.11x | $55.50 Million |
| 2003 | 11.39% | 3.69% | 1.46x | 2.11x | $101.20 Million |
| 2004 | 10.43% | 3.39% | 1.29x | 2.38x | $34.40 Million |
| 2005 | 15.11% | 4.93% | 1.44x | 2.13x | $490.20 Million |
| 2006 | 15.69% | 5.59% | 1.42x | 1.97x | $654.90 Million |
| 2007 | 15.93% | 5.72% | 1.47x | 1.90x | $750.40 Million |
| 2008 | 7.74% | 2.96% | 1.48x | 1.76x | $-327.60 Million |
| 2009 | 0.72% | 0.28% | 1.46x | 1.78x | $-1.26 Billion |
| 2010 | 8.57% | 3.41% | 1.39x | 1.80x | $-197.10 Million |
| 2011 | 9.54% | 3.69% | 1.44x | 1.80x | $-70.00 Million |
| 2012 | 13.80% | 4.76% | 1.43x | 2.03x | $559.30 Million |
| 2013 | 8.97% | 3.52% | 1.32x | 1.93x | $-178.80 Million |
| 2014 | 13.73% | 4.60% | 1.38x | 2.16x | $569.30 Million |
| 2015 | 7.00% | 2.21% | 1.28x | 2.47x | $-449.30 Million |
| 2016 | 13.20% | 3.61% | 1.09x | 3.34x | $441.60 Million |
| 2017 | 18.65% | 4.97% | 1.24x | 3.02x | $1.39 Billion |
| 2018 | 23.55% | 6.99% | 1.25x | 2.70x | $2.63 Billion |
| 2019 | 3.04% | 0.77% | 1.28x | 3.06x | $-1.24 Billion |
| 2020 | 7.03% | 1.86% | 0.94x | 4.02x | $-543.50 Million |
| 2021 | 21.64% | 6.24% | 1.01x | 3.43x | $2.81 Billion |
| 2022 | 15.34% | 4.09% | 1.09x | 3.45x | $1.33 Billion |
| 2023 | 15.23% | 4.41% | 1.03x | 3.34x | $1.36 Billion |
| 2024 | 15.70% | 4.94% | 1.01x | 3.15x | $1.57 Billion |
| 2025 | 14.58% | 4.65% | 1.00x | 3.12x | $1.28 Billion |
Industry Comparison
This section compares FedEx Corporation's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $368,651,163
- Average return on equity (ROE) among peers: 13.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FedEx Corporation (FDX) | $28.14 Billion | 12.07% | 2.17x | $77.00 Billion |
| Andlauer Healthcare Group Inc (ANDHF) | $352.12 Million | 25.55% | 0.83x | $469.38 Million |
| Aqua Power Systems Inc (APSI) | $-106.64K | 0.00% | 0.00x | $383.65K |
| A-Sonic Aerospace Limited (ASNCF) | $38.42 Million | 0.28% | 1.15x | $7.03 Million |
| Addentax Group Corp (ATXG) | $86.00K | 65.43% | 97.87x | $2.89 Million |
| bpost SA/NV (BPOSF) | $682.60 Million | 22.59% | 4.53x | $472.00 Million |
| Armlogi Holding Corp. Common Stock (BTOC) | $25.09 Million | -61.17% | 5.78x | $4.28 Million |
| Compañía de Distribución Integral Logista Holdings S.A (CDNIF) | $641.80 Million | 48.03% | 11.59x | $1.70 Billion |
| Cargojet Inc (CGJTF) | $66.60 Million | 3.60% | 5.94x | $791.09 Million |
| CH Robinson Worldwide Inc (CHRW) | $1.88 Billion | 26.94% | 1.74x | $20.09 Billion |
| Tianci International, Inc. Common Stock (CIIT) | $-32.66K | 0.00% | 0.00x | $14.82 Million |