UPS (UPS) vs FedEx (FDX): Stock Comparison
Data as of November 7, 2026. Refreshed weekly from SEC filings and market data.
The two are priced about the same on earnings (20.4 and 19.0 times); net margin is about the same (5.1% and 4.1%); FedEx grew revenue faster over the last year (7.6% against -0.4%); UPS pays the higher dividend yield (5.8% against 1.8%). UPS clears 4 of this site's 8 value filters and FedEx 5. Figures are as of November 7, 2026; each is on the page below with its source.
How do UPS and FedEx compare on the numbers?
| Measure | UPS (UPS) | FedEx (FDX) | Clearer lead |
|---|---|---|---|
| Share price | $108.30 | $308.14 | |
| Market value | $93.3 billion | $74.2 billion | |
| P/E ratio (trailing) | 20.4 | 19.0 | About the same |
| PEG ratio | 4.38 | 0.48 | FDX |
| Free-cash-flow yield | 5.8% | 7.4% | FDX |
| Net profit margin | 5.1% | 4.1% | About the same |
| Revenue growth, last year | -0.4% | 7.6% | FDX |
| Return on equity | 29.1% | 12.6% | UPS |
| Debt to equity | 1.63 | 0.56 | FDX |
| Dividend yield | 5.8% | 1.8% | UPS |
| Margin of safety (DCF) | -0.1% | +20.8% | FDX |
| Value filters passed (of 8) | 4 | 5 | FDX |
| Distance from 52-week high | -9.8% | -9.2% |
How have UPS and FedEx shares done against each other?
UPS 52FedEx 154
Each share price set to 100 on Nov 2021, to Nov 2026. Price only: dividends are not included.
From Nov 2021 to Nov 2026, UPS shares are down 48% and FedEx shares up 54%, so FedEx has pulled ahead of UPS by 102 points of the starting price. The deepest fall from a prior high in that window was 63% for UPS and 43% for FedEx.
| Period | UPS (UPS) | FedEx (FDX) |
|---|---|---|
| Last 1 year | +15.7% | +47.7% |
| Last 3 years | -23.9% | +55.9% |
| Last 5 years | -48.0% | +57.5% |
Which has grown faster, UPS or FedEx?
Over 5 years, UPS grew revenue 0.9% a year and earnings per share 33.6% a year; FedEx grew revenue 2.4% and earnings per share -1.0%. Its net margin averaged 9.0% at UPS and 4.6% at FedEx.
| Measure | UPS (UPS) | FedEx (FDX) |
|---|---|---|
| Latest fiscal year ended | Dec 2025 | May 2026 |
| Revenue, first year to latest | $84.6 billion to $88.7 billion | $84 billion to $94.7 billion |
| Revenue growth per year | 0.9% | 2.4% |
| Earnings per share, first year to latest | $1.54 to $6.56 | $19.52 to $18.55 |
| Earnings per share growth per year | 33.6% | -1.0% |
| Net margin, latest year | 6.3% | 4.7% |
| Net margin, average of the years | 9.0% | 4.6% |
| Free cash flow margin, latest year | 5.4% | 5.4% |
From each company's 10-K filings (SEC EDGAR), over its latest 5 years. Fiscal years end in different months, so each is shown for its own latest 5 years.
What growth does each share price assume?
| Measure | UPS (UPS) | FedEx (FDX) |
|---|---|---|
| Free cash flow growth the price implies | 8.0% a year | 2.3% a year |
| Free cash flow per share | $6.33 | $22.78 |
| Margin of safety on this site's DCF | -0.1% | +20.8% |
At $108.30, UPS's price implies free cash flow growth of 8.0% a year, fading to 2.5% over 10 years. That is about the same growth as the 8% baseline.
At $308.14, FedEx's price implies free cash flow growth of 2.3% a year, fading to 2.5% over 10 years. That is less growth than the 8% baseline.
The same model and baseline as every stock page. A price that asks for less growth is not a better company, only a lower bar to clear.
Where is each stronger?
Where UPS leads
- Higher return on equity: 29.1% against 12.6%
- Higher dividend yield: 5.8% against 1.8%
- Faster earnings-per-share growth over its filed record: 33.6% against -1.0%
- A higher net margin in its latest filed year: 6.3% against 4.7%
- A higher average net margin: 9.0% against 4.6%
Where FedEx leads
- Lower PEG: 0.48 against 4.38
- Higher free-cash-flow yield: 7.4% against 5.8%
- Faster revenue growth last year: 7.6% against -0.4%
- Less debt for its equity: 0.56 against 1.63
- Higher margin of safety on this site's DCF: +20.8% against -0.1%
- More of the 8 value filters: 5 against 4
- Faster revenue growth over its filed record: 2.4% against 0.9%
About the same on: p/e ratio (trailing), net profit margin, free cash flow margin, latest year. A lead needs a clear gap (10% apart on a ratio, 1 point on a percentage), so a rounding difference never names a winner. A lead on one measure is not a verdict on the company.
How do the businesses differ?
UPS. UPS delivers packages and freight worldwide, with a large US ground network, international air express and supply-chain and logistics services.
FedEx. FedEx delivers packages and freight worldwide through its Express air network, a large US ground network and freight services.
Both are in the Logistics & Transportation industry on this site. Both move parcels and freight around the world. FedEx runs a large air-cargo network of its own, while UPS earns most of its profit from ground delivery in the US.
What stands out about UPS
- Misses 2 of the 8 value filters. It fails PEG Ratio < 1.5 (4.38) and EPS Growth YoY > -5% (-53.1%); the other 4 pass and 2 were not evaluated.
- Strongest against peers: dividend yield. At 5.80% (peer median 1.68%) it ranks 1st of 11 among transportation stocks this site tracks.
- Weakest against peers: debt / equity. At 1.63 (peer median 0.80) it ranks 13th of 13 among transportation stocks this site tracks.
What stands out about FedEx
- Misses 1 of the 8 value filters. It fails EPS Growth YoY > -5% (-65.0%); the other 5 pass and 2 were not evaluated.
- Strongest against peers: free-cash-flow yield. At 7.4% (peer median 4.5%) it ranks 2nd of 14 among transportation stocks this site tracks.
- Weakest against peers: return on equity. At 13% (peer median 22%) it ranks 13th of 13 among transportation stocks this site tracks.
Frequently asked questions about UPS and FedEx
Which is cheaper, UPS or FedEx?
On trailing earnings, they are priced about the same: UPS trades at 20.4 times and FedEx at 19.0 times. On free cash flow, the yields are 5.8% and 7.4%. Cheaper is not the same as better value: read the growth each price assumes below.
Which pays the higher dividend, UPS or FedEx?
UPS pays the higher yield: UPS 5.8% and FedEx 1.8% over the last year.
Which has grown faster, UPS or FedEx?
Over their latest filed five years, UPS grew revenue 0.9% a year and FedEx 2.4%; earnings per share grew 33.6% and -1.0% a year.
Which has more debt, UPS or FedEx?
UPS has more debt for its equity: debt to equity is 1.63 for UPS and 0.56 for FedEx. A very high figure can also come from buybacks that shrank equity.
Which is more profitable, UPS or FedEx?
Their net margins are about the same: 5.1% for UPS and 4.1% for FedEx, with a return on equity of 29.1% and 12.6%.
Which passes more of the 8 value filters?
FedEx clears more: UPS 4 of 8 and FedEx 5 of 8. The filters are this site's own value rules, not a prediction.
Where do these numbers come from?
Prices, ratios and yield are from this site's weekly data as of November 7, 2026; growth and margins by year are from each company's 10-K filings (sources on UPS and FedEx). The DCF is the same model on every stock page. See Editorial Standards. Educational, not investment advice.