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Side-by-side financial comparison of C.H. Robinson (CHRW) and FedEx (FDX), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
FedEx is the larger business by last-quarter revenue ($23.5B vs $3.9B, roughly 6.0× C.H. Robinson). FedEx runs the higher net margin — 3.5% vs 4.1%, a 0.6% gap on every dollar of revenue. On growth, FedEx posted the faster year-over-year revenue change (6.8% vs -6.5%). FedEx produced more free cash flow last quarter ($1.2B vs $302.4M). Over the past eight quarters, FedEx's revenue compounded faster (3.9% CAGR vs -5.8%).
C.H. Robinson Worldwide, Inc. is an American transportation company that includes third-party logistics (3PL). The company offers freight transportation, transportation management, brokerage and warehousing. It offers truckload, less than truckload, air freight, intermodal, and ocean transportation.
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.
CHRW vs FDX — Head-to-Head
Income Statement — Q4 2025 vs Q2 2026
| Metric | | |
|---|---|---|
| Revenue | $3.9B | $23.5B |
| Net Profit | $136.3M | $956.0M |
| Gross Margin | — | — |
| Operating Margin | 4.6% | 5.9% |
| Net Margin | 3.5% | 4.1% |
| Revenue YoY | -6.5% | 6.8% |
| Net Profit YoY | -8.7% | 29.0% |
| EPS (diluted) | $1.12 | $4.04 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $3.9B | $23.5B | ||
| Q3 25 | $4.1B | $22.2B | ||
| Q2 25 | $4.1B | $22.2B | ||
| Q1 25 | $4.0B | $22.2B | ||
| Q4 24 | $4.2B | $22.0B | ||
| Q3 24 | $4.6B | $21.6B | ||
| Q2 24 | $4.5B | $22.1B | ||
| Q1 24 | $4.4B | $21.7B |
| Q4 25 | $136.3M | $956.0M | ||
| Q3 25 | $163.0M | $824.0M | ||
| Q2 25 | $152.5M | $1.6B | ||
| Q1 25 | $135.3M | $909.0M | ||
| Q4 24 | $149.3M | $741.0M | ||
| Q3 24 | $97.2M | $794.0M | ||
| Q2 24 | $126.3M | $1.5B | ||
| Q1 24 | $92.9M | $879.0M |
| Q4 25 | 4.6% | 5.9% | ||
| Q3 25 | 5.3% | 5.3% | ||
| Q2 25 | 5.2% | 8.1% | ||
| Q1 25 | 4.4% | 5.8% | ||
| Q4 24 | 4.4% | 4.8% | ||
| Q3 24 | 3.9% | 5.0% | ||
| Q2 24 | 4.0% | 7.0% | ||
| Q1 24 | 2.9% | 5.7% |
| Q4 25 | 3.5% | 4.1% | ||
| Q3 25 | 3.9% | 3.7% | ||
| Q2 25 | 3.7% | 7.4% | ||
| Q1 25 | 3.3% | 4.1% | ||
| Q4 24 | 3.6% | 3.4% | ||
| Q3 24 | 2.1% | 3.7% | ||
| Q2 24 | 2.8% | 6.7% | ||
| Q1 24 | 2.1% | 4.0% |
| Q4 25 | $1.12 | $4.04 | ||
| Q3 25 | $1.34 | $3.46 | ||
| Q2 25 | $1.26 | $6.81 | ||
| Q1 25 | $1.11 | $3.76 | ||
| Q4 24 | $1.23 | $3.03 | ||
| Q3 24 | $0.80 | $3.21 | ||
| Q2 24 | $1.05 | $5.92 | ||
| Q1 24 | $0.78 | $3.51 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $160.9M | $6.6B |
| Total DebtLower is stronger | $1.1B | $20.3B |
| Stockholders' EquityBook value | $1.8B | $28.1B |
| Total Assets | $5.1B | $89.2B |
| Debt / EquityLower = less leverage | 0.59× | 0.72× |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $160.9M | $6.6B | ||
| Q3 25 | $136.8M | $6.2B | ||
| Q2 25 | $156.0M | $5.5B | ||
| Q1 25 | $129.9M | $5.1B | ||
| Q4 24 | $145.8M | $5.0B | ||
| Q3 24 | $131.7M | $5.9B | ||
| Q2 24 | $113.2M | $6.5B | ||
| Q1 24 | $121.8M | $5.6B |
| Q4 25 | $1.1B | $20.3B | ||
| Q3 25 | $1.2B | $20.3B | ||
| Q2 25 | $1.4B | $19.2B | ||
| Q1 25 | $1.4B | $19.5B | ||
| Q4 24 | $1.4B | $19.4B | ||
| Q3 24 | $1.6B | $19.7B | ||
| Q2 24 | $1.6B | $20.1B | ||
| Q1 24 | $1.7B | $20.1B |
| Q4 25 | $1.8B | $28.1B | ||
| Q3 25 | $1.9B | $27.8B | ||
| Q2 25 | $1.8B | $28.1B | ||
| Q1 25 | $1.7B | $26.7B | ||
| Q4 24 | $1.7B | $26.5B | ||
| Q3 24 | $1.6B | $27.2B | ||
| Q2 24 | $1.5B | $27.6B | ||
| Q1 24 | $1.4B | $26.4B |
| Q4 25 | $5.1B | $89.2B | ||
| Q3 25 | $5.2B | $88.4B | ||
| Q2 25 | $5.3B | $87.6B | ||
| Q1 25 | $5.2B | $85.0B | ||
| Q4 24 | $5.3B | $85.5B | ||
| Q3 24 | $5.6B | $86.7B | ||
| Q2 24 | $5.5B | $87.0B | ||
| Q1 24 | $5.5B | $86.1B |
| Q4 25 | 0.59× | 0.72× | ||
| Q3 25 | 0.64× | 0.73× | ||
| Q2 25 | 0.76× | 0.68× | ||
| Q1 25 | 0.80× | 0.73× | ||
| Q4 24 | 0.80× | 0.73× | ||
| Q3 24 | 0.95× | 0.72× | ||
| Q2 24 | 1.07× | 0.73× | ||
| Q1 24 | 1.19× | 0.76× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $305.4M | $2.0B |
| Free Cash FlowOCF − Capex | $302.4M | $1.2B |
| FCF MarginFCF / Revenue | 7.7% | 5.1% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 0.1% | 3.2% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | 2.24× | 2.04× |
| TTM Free Cash FlowTrailing 4 quarters | $894.9M | $4.3B |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $305.4M | $2.0B | ||
| Q3 25 | $275.4M | $1.7B | ||
| Q2 25 | $227.1M | $2.5B | ||
| Q1 25 | $106.5M | $2.0B | ||
| Q4 24 | $267.9M | $1.3B | ||
| Q3 24 | $108.1M | $1.2B | ||
| Q2 24 | $166.4M | $2.7B | ||
| Q1 24 | $-33.3M | $1.6B |
| Q4 25 | $302.4M | $1.2B | ||
| Q3 25 | $269.5M | $1.1B | ||
| Q2 25 | $219.8M | $1.0B | ||
| Q1 25 | $103.2M | $1.0B | ||
| Q4 24 | $265.3M | $500.0M | ||
| Q3 24 | $103.3M | $420.0M | ||
| Q2 24 | $159.8M | $1.5B | ||
| Q1 24 | $-41.9M | $231.0M |
| Q4 25 | 7.7% | 5.1% | ||
| Q3 25 | 6.5% | 4.9% | ||
| Q2 25 | 5.3% | 4.7% | ||
| Q1 25 | 2.5% | 4.6% | ||
| Q4 24 | 6.3% | 2.3% | ||
| Q3 24 | 2.2% | 1.9% | ||
| Q2 24 | 3.6% | 6.8% | ||
| Q1 24 | -1.0% | 1.1% |
| Q4 25 | 0.1% | 3.2% | ||
| Q3 25 | 0.1% | 2.8% | ||
| Q2 25 | 0.2% | 6.6% | ||
| Q1 25 | 0.1% | 4.5% | ||
| Q4 24 | 0.1% | 3.7% | ||
| Q3 24 | 0.1% | 3.6% | ||
| Q2 24 | 0.1% | 5.4% | ||
| Q1 24 | 0.2% | 6.3% |
| Q4 25 | 2.24× | 2.04× | ||
| Q3 25 | 1.69× | 2.08× | ||
| Q2 25 | 1.49× | 1.53× | ||
| Q1 25 | 0.79× | 2.21× | ||
| Q4 24 | 1.79× | 1.78× | ||
| Q3 24 | 1.11× | 1.49× | ||
| Q2 24 | 1.32× | 1.83× | ||
| Q1 24 | -0.36× | 1.83× |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
CHRW
| North American Service Transportation NAST | $2.8B | 72% |
| Global Forwarding | $731.0M | 19% |
| Sourcing | $340.9M | 9% |
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% |
