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Side-by-side financial comparison of Allstate (ALL) and FedEx (FDX). Click either name above to swap in a different company.
FedEx is the larger business by last-quarter revenue ($23.5B vs $17.3B, roughly 1.4× Allstate). Allstate runs the higher net margin — 22.1% vs 4.1%, a 18.0% gap on every dollar of revenue. On growth, FedEx posted the faster year-over-year revenue change (6.8% vs 5.1%). Allstate produced more free cash flow last quarter ($2.9B vs $1.2B). Over the past eight quarters, Allstate's revenue compounded faster (6.6% CAGR vs 3.9%).
The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal ...
FedEx Corporation, originally known as Federal Express Corporation, is an American multinational conglomerate holding company specializing in transportation, e-commerce, and business services. The company is headquartered in Memphis, Tennessee. The name "FedEx" is a syllabic abbreviation of its original air division, Federal Express, which operated under this name from 1973 until 1994.
ALL vs FDX — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $17.3B | $23.5B |
| Net Profit | $3.8B | $956.0M |
| Gross Margin | — | — |
| Operating Margin | — | 5.9% |
| Net Margin | 22.1% | 4.1% |
| Revenue YoY | 5.1% | 6.8% |
| Net Profit YoY | 98.8% | 29.0% |
| EPS (diluted) | $14.24 | $4.04 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $17.3B | $23.5B | ||
| Q3 25 | $17.3B | $22.2B | ||
| Q2 25 | $16.6B | $22.2B | ||
| Q1 25 | $16.5B | $22.2B | ||
| Q4 24 | $16.5B | $22.0B | ||
| Q3 24 | $16.6B | $21.6B | ||
| Q2 24 | $15.7B | $22.1B | ||
| Q1 24 | $15.3B | $21.7B |
| Q4 25 | $3.8B | $956.0M | ||
| Q3 25 | $3.7B | $824.0M | ||
| Q2 25 | $2.1B | $1.6B | ||
| Q1 25 | $595.0M | $909.0M | ||
| Q4 24 | $1.9B | $741.0M | ||
| Q3 24 | $1.2B | $794.0M | ||
| Q2 24 | $331.0M | $1.5B | ||
| Q1 24 | $1.2B | $879.0M |
| Q4 25 | — | 5.9% | ||
| Q3 25 | — | 5.3% | ||
| Q2 25 | — | 8.1% | ||
| Q1 25 | — | 5.8% | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | — | 5.0% | ||
| Q2 24 | — | 7.0% | ||
| Q1 24 | — | 5.7% |
| Q4 25 | 22.1% | 4.1% | ||
| Q3 25 | 21.7% | 3.7% | ||
| Q2 25 | 12.7% | 7.4% | ||
| Q1 25 | 3.6% | 4.1% | ||
| Q4 24 | 11.7% | 3.4% | ||
| Q3 24 | 7.2% | 3.7% | ||
| Q2 24 | 2.1% | 6.7% | ||
| Q1 24 | 8.0% | 4.0% |
| Q4 25 | $14.24 | $4.04 | ||
| Q3 25 | $13.95 | $3.46 | ||
| Q2 25 | $7.76 | $6.81 | ||
| Q1 25 | $2.11 | $3.76 | ||
| Q4 24 | $7.07 | $3.03 | ||
| Q3 24 | $4.33 | $3.21 | ||
| Q2 24 | $1.13 | $5.92 | ||
| Q1 24 | $4.46 | $3.51 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.9B | $6.6B |
| Total DebtLower is stronger | $7.5B | $20.3B |
| Stockholders' EquityBook value | $30.6B | $28.1B |
| Total Assets | $119.8B | $89.2B |
| Debt / EquityLower = less leverage | 0.24× | 0.72× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9B | $6.6B | ||
| Q3 25 | $8.7B | $6.2B | ||
| Q2 25 | $9.6B | $5.5B | ||
| Q1 25 | $6.5B | $5.1B | ||
| Q4 24 | $4.5B | $5.0B | ||
| Q3 24 | $7.0B | $5.9B | ||
| Q2 24 | $5.3B | $6.5B | ||
| Q1 24 | $4.3B | $5.6B |
| Q4 25 | $7.5B | $20.3B | ||
| Q3 25 | $8.1B | $20.3B | ||
| Q2 25 | $8.1B | $19.2B | ||
| Q1 25 | $8.1B | $19.5B | ||
| Q4 24 | $8.1B | $19.4B | ||
| Q3 24 | $8.1B | $19.7B | ||
| Q2 24 | $8.1B | $20.1B | ||
| Q1 24 | $7.9B | $20.1B |
| Q4 25 | $30.6B | $28.1B | ||
| Q3 25 | $27.5B | $27.8B | ||
| Q2 25 | $24.0B | $28.1B | ||
| Q1 25 | $22.1B | $26.7B | ||
| Q4 24 | $21.4B | $26.5B | ||
| Q3 24 | $20.9B | $27.2B | ||
| Q2 24 | $18.6B | $27.6B | ||
| Q1 24 | $18.6B | $26.4B |
| Q4 25 | $119.8B | $89.2B | ||
| Q3 25 | $120.4B | $88.4B | ||
| Q2 25 | $115.9B | $87.6B | ||
| Q1 25 | $115.2B | $85.0B | ||
| Q4 24 | $111.6B | $85.5B | ||
| Q3 24 | $113.7B | $86.7B | ||
| Q2 24 | $108.4B | $87.0B | ||
| Q1 24 | $105.2B | $86.1B |
| Q4 25 | 0.24× | 0.72× | ||
| Q3 25 | 0.29× | 0.73× | ||
| Q2 25 | 0.34× | 0.68× | ||
| Q1 25 | 0.37× | 0.73× | ||
| Q4 24 | 0.38× | 0.73× | ||
| Q3 24 | 0.39× | 0.72× | ||
| Q2 24 | 0.43× | 0.73× | ||
| Q1 24 | 0.43× | 0.76× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.0B | $2.0B |
| Free Cash FlowOCF − Capex | $2.9B | $1.2B |
| FCF MarginFCF / Revenue | 16.7% | 5.1% |
| Capex IntensityCapex / Revenue | 0.5% | 3.2% |
| Cash ConversionOCF / Net Profit | 0.78× | 2.04× |
| TTM Free Cash FlowTrailing 4 quarters | $9.9B | $4.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0B | $2.0B | ||
| Q3 25 | $3.3B | $1.7B | ||
| Q2 25 | $1.9B | $2.5B | ||
| Q1 25 | $2.0B | $2.0B | ||
| Q4 24 | $1.7B | $1.3B | ||
| Q3 24 | $3.2B | $1.2B | ||
| Q2 24 | $2.4B | $2.7B | ||
| Q1 24 | $1.7B | $1.6B |
| Q4 25 | $2.9B | $1.2B | ||
| Q3 25 | $3.2B | $1.1B | ||
| Q2 25 | $1.9B | $1.0B | ||
| Q1 25 | $1.9B | $1.0B | ||
| Q4 24 | $1.7B | $500.0M | ||
| Q3 24 | $3.1B | $420.0M | ||
| Q2 24 | $2.3B | $1.5B | ||
| Q1 24 | $1.6B | $231.0M |
| Q4 25 | 16.7% | 5.1% | ||
| Q3 25 | 18.8% | 4.9% | ||
| Q2 25 | 11.3% | 4.7% | ||
| Q1 25 | 11.4% | 4.6% | ||
| Q4 24 | 10.0% | 2.3% | ||
| Q3 24 | 18.9% | 1.9% | ||
| Q2 24 | 14.7% | 6.8% | ||
| Q1 24 | 10.6% | 1.1% |
| Q4 25 | 0.5% | 3.2% | ||
| Q3 25 | 0.3% | 2.8% | ||
| Q2 25 | 0.0% | 6.6% | ||
| Q1 25 | 0.6% | 4.5% | ||
| Q4 24 | 0.3% | 3.7% | ||
| Q3 24 | 0.4% | 3.6% | ||
| Q2 24 | 0.4% | 5.4% | ||
| Q1 24 | 0.3% | 6.3% |
| Q4 25 | 0.78× | 2.04× | ||
| Q3 25 | 0.88× | 2.08× | ||
| Q2 25 | 0.89× | 1.53× | ||
| Q1 25 | 3.30× | 2.21× | ||
| Q4 24 | 0.88× | 1.78× | ||
| Q3 24 | 2.69× | 1.49× | ||
| Q2 24 | 7.13× | 1.83× | ||
| Q1 24 | 1.37× | 1.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALL
Segment breakdown not available.
FDX
| United States Ground | $9.2B | 39% |
| United States Priority | $2.8B | 12% |
| Other | $2.2B | 9% |
| Fedex Freight Segment | $2.1B | 9% |
| International Economy | $1.5B | 6% |
| Freight Revenue | $1.5B | 6% |
| United States Deferred | $1.4B | 6% |
| International Domestic | $1.3B | 5% |
| International Economy Freight | $582.0M | 2% |
| United States Freight | $304.0M | 1% |
| Other International Revenue | $240.0M | 1% |
