FEDEX CORP（FDX）の決算・業績分析
FEDEX CORPの2025年有価証券報告書をAI分析。売上高$87.9B(+0.3%)。営業利益$5.2B。Industrials。
目次
FEDEX CORPの2025年度 業績サマリー
FEDEX CORP（証券コード: FDX）の2025年度決算・業績分析。売上高は$87.9B（前年比+0.3%）。営業利益は$5.2B（前年比-6.2%）。純利益は$4.1B（前年比-5.5%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
FEDEX CORPの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue grew 11.4% YoY to $93.5B (XBRL), but net income fell 26.9% YoY to $3.8B (XBRL).
- Operating margin improved to 6.7% (XBRL), while net margin declined to 4.1% (XBRL).
- Net debt to EBITDA ratio stands at 1.3x (XBRL), with $12.9B in net debt (XBRL).
- Five-year revenue CAGR of 6.6% (XBRL) contrasts with a -2.8% CAGR in net income (XBRL).
FEDEX CORPの売上高変化の要因
- •Revenue increased 11.4% YoY to $93.5B (XBRL), growing from $84.0B in FY2023 (XBRL). Historical growth shows a 6.6% CAGR over five years (XBRL), though FY2025 revenue declined slightly to $90.2B (XBRL). Operating income rose 6.6% YoY to $6.2B (XBRL), but net income fell 26.9% YoY to $3.8B (XBRL), reflecting a -2.8% CAGR in net income over five years (XBRL).
FEDEX CORPの営業利益変化の要因
- •Operating margin improved to 6.7% (XBRL), up from 7.1% in FY2023 (XBRL). Net margin declined to 4.1% (XBRL), down from 6.2% in FY2023 (XBRL). EBITDA of $10.2B (10.9% margin) (XBRL) reflects strong operational efficiency despite declining net income. Five-year operating income CAGR of 2.8% (XBRL) contrasts with net income's negative CAGR of -2.8% (XBRL).
FEDEX CORPの事業リスクと対応
Macroeconomic risks (e.g., inflation, global trade slowdowns) hurt demand for shipping services (10-K).
Declining U.S. imports and global industrial production reduce freight volumes, lowering revenue (10-K).
Geopolitical conflicts (e.g., Ukraine, Middle East) create operational uncertainty and disruptions (10-K).
Customer preference shifts toward slower, cheaper shipping services reduce revenue and margins (10-K).
High fixed costs and difficulty adjusting operations to volume changes hurt profitability during downturns (10-K).
FEDEX CORPの事業内容
FedEx Corp (FDX) operates a global logistics network, generating revenue through shipping, logistics, and integrated business solutions (10-K). Key segments include FedEx Express (global express transportation), FedEx Ground (North American small-package delivery), FedEx Freight (LTL freight), and FedEx Services (support functions). Post-2024 consolidation, Federal Express and FedEx Freight are major segments, with FedEx Dataworks, FedEx Office, and FedEx Logistics under 'Corporate, other, and eliminations' (10-K). Competitive advantages include a unified global network, brand recognition, and long-term focus on optimizing returns through technology and asset investments (10-K).
FEDEX CORPのAI業績分析レポート（2024年度）
FedEx Corp (FDX) FY2024 Annual Report Analysis
Highlights
Business Overview
FedEx Corp operates a global logistics network, generating revenue through shipping, logistics, and integrated business solutions (10-K). Key segments include FedEx Express (global express transportation), FedEx Ground (North American small-package delivery), FedEx Freight (LTL freight), and FedEx Services (support functions). Post-2024 consolidation, Federal Express and FedEx Freight are major segments, with FedEx Dataworks, FedEx Office, and FedEx Logistics under 'Corporate, other, and eliminations' (10-K). Competitive advantages include a unified global network, brand recognition, and long-term focus on optimizing returns through technology and asset investments (10-K).
Revenue Analysis
Revenue increased 11.4% YoY to $93.5B (XBRL), growing from $84.0B in FY2023 (XBRL). Historical growth shows a 6.6% CAGR over five years (XBRL), though FY2025 revenue declined slightly to $90.2B (XBRL). Operating income rose 6.6% YoY to $6.2B (XBRL), but net income fell 26.9% YoY to $3.8B (XBRL), reflecting a -2.8% CAGR in net income over five years (XBRL).
Profitability Analysis
Operating margin improved to 6.7% (XBRL), up from 7.1% in FY2023 (XBRL). Net margin declined to 4.1% (XBRL), down from 6.2% in FY2023 (XBRL). EBITDA of $10.2B (10.9% margin) (XBRL) reflects strong operational efficiency despite declining net income. Five-year operating income CAGR of 2.8% (XBRL) contrasts with net income's negative CAGR of -2.8% (XBRL).
Balance Sheet Analysis
Equity ratio of 28.1% (XBRL) and current ratio of 1.37x (XBRL) indicate moderate leverage and liquidity. Total assets grew from $52.3B in FY2020 (XBRL) to $87.1B in FY2025 (XBRL), while total equity increased from $16.1B in FY2020 (XBRL) to $24.9B in FY2025 (XBRL). Net debt of $12.9B (XBRL) represents 1.3x EBITDA (XBRL), with $6.9B in cash (XBRL).
Cash Flow Analysis
Operating cash flow of $9.8B (XBRL) supported $3.0B in free cash flow (XBRL). Investing cash flow was -$6.8B (XBRL), reflecting capital expenditures, while financing cash flow was -$3.0B (XBRL), including $793M in dividends (XBRL) and $2.2B in share repurchases (XBRL). Depreciation and amortization totaled $4.0B (XBRL).
Working Capital Analysis
N/A
Risks
Outlook
N/A
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 65.5B | 69.7B | 69.2B | 84.0B | 93.5B | 90.2B |
| Operating Income | 4.3B | 4.5B | 2.4B | 5.9B | 6.2B | 4.9B |
| Net Income | 4.6B | 540M | 1.3B | 5.2B | 3.8B | 4.0B |
| Total Assets | 52.3B | 54.4B | 73.5B | 82.8B | 86.0B | 87.1B |
| Total Equity | 16.1B | 19.4B | 17.8B | 18.3B | 24.2B | 24.9B |
Industrialsの企業一覧
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