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Side-by-side financial comparison of FedEx (FDX) and JBS N.V. (JBS). Click either name above to swap in a different company.
FedEx is the larger business by last-quarter revenue ($23.5B vs $22.6B, roughly 1.0× JBS N.V.). FedEx runs the higher net margin — 4.1% vs 2.9%, a 1.2% gap on every dollar of revenue. On growth, JBS N.V. posted the faster year-over-year revenue change (13.4% vs 6.8%). FedEx produced more free cash flow last quarter ($1.2B vs $-264.6M).
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.
JBS N.V. is a Brazilian multinational company that is the largest meat processing enterprise in the world, producing factory processed beef, chicken, salmon, sheep, pork, and also selling by-products from the processing of these meats. It is headquartered in São Paulo. It was founded in 1953 in Anápolis, Goiás.
FDX vs JBS — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $23.5B | $22.6B |
| Net Profit | $956.0M | $644.1M |
| Gross Margin | — | 13.2% |
| Operating Margin | 5.9% | 5.4% |
| Net Margin | 4.1% | 2.9% |
| Revenue YoY | 6.8% | 13.4% |
| Net Profit YoY | 29.0% | -14.9% |
| EPS (diluted) | $4.04 | $0.52 |
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 | $23.5B | — | ||
| Q3 25 | $22.2B | $22.6B | ||
| Q2 25 | $22.2B | — | ||
| Q1 25 | $22.2B | — | ||
| Q4 24 | $22.0B | — | ||
| Q3 24 | $21.6B | $19.9B | ||
| Q2 24 | $22.1B | — | ||
| Q1 24 | $21.7B | — |
| Q4 25 | $956.0M | — | ||
| Q3 25 | $824.0M | $644.1M | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $909.0M | — | ||
| Q4 24 | $741.0M | — | ||
| Q3 24 | $794.0M | $756.6M | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $879.0M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 13.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 16.5% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 5.9% | — | ||
| Q3 25 | 5.3% | 5.4% | ||
| Q2 25 | 8.1% | — | ||
| Q1 25 | 5.8% | — | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | 5.0% | 7.8% | ||
| Q2 24 | 7.0% | — | ||
| Q1 24 | 5.7% | — |
| Q4 25 | 4.1% | — | ||
| Q3 25 | 3.7% | 2.9% | ||
| Q2 25 | 7.4% | — | ||
| Q1 25 | 4.1% | — | ||
| Q4 24 | 3.4% | — | ||
| Q3 24 | 3.7% | 3.8% | ||
| Q2 24 | 6.7% | — | ||
| Q1 24 | 4.0% | — |
| Q4 25 | $4.04 | — | ||
| Q3 25 | $3.46 | $0.52 | ||
| Q2 25 | $6.81 | — | ||
| Q1 25 | $3.76 | — | ||
| Q4 24 | $3.03 | — | ||
| Q3 24 | $3.21 | $0.62 | ||
| Q2 24 | $5.92 | — | ||
| Q1 24 | $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 | $6.6B | $485.5B |
| Total DebtLower is stronger | $20.3B | $213.0M |
| Stockholders' EquityBook value | $28.1B | $9.5B |
| Total Assets | $89.2B | $44.2B |
| Debt / EquityLower = less leverage | 0.72× | 0.02× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $6.6B | — | ||
| Q3 25 | $6.2B | $485.5B | ||
| Q2 25 | $5.5B | — | ||
| Q1 25 | $5.1B | — | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $5.9B | $5.1B | ||
| Q2 24 | $6.5B | — | ||
| Q1 24 | $5.6B | — |
| Q4 25 | $20.3B | — | ||
| Q3 25 | $20.3B | $213.0M | ||
| Q2 25 | $19.2B | — | ||
| Q1 25 | $19.5B | — | ||
| Q4 24 | $19.4B | — | ||
| Q3 24 | $19.7B | — | ||
| Q2 24 | $20.1B | — | ||
| Q1 24 | $20.1B | — |
| Q4 25 | $28.1B | — | ||
| Q3 25 | $27.8B | $9.5B | ||
| Q2 25 | $28.1B | — | ||
| Q1 25 | $26.7B | — | ||
| Q4 24 | $26.5B | — | ||
| Q3 24 | $27.2B | $9.5B | ||
| Q2 24 | $27.6B | — | ||
| Q1 24 | $26.4B | — |
| Q4 25 | $89.2B | — | ||
| Q3 25 | $88.4B | $44.2B | ||
| Q2 25 | $87.6B | — | ||
| Q1 25 | $85.0B | — | ||
| Q4 24 | $85.5B | — | ||
| Q3 24 | $86.7B | — | ||
| Q2 24 | $87.0B | — | ||
| Q1 24 | $86.1B | — |
| Q4 25 | 0.72× | — | ||
| Q3 25 | 0.73× | 0.02× | ||
| Q2 25 | 0.68× | — | ||
| Q1 25 | 0.73× | — | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | 0.72× | — | ||
| Q2 24 | 0.73× | — | ||
| Q1 24 | 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 | $2.0B | $996.4M |
| Free Cash FlowOCF − Capex | $1.2B | $-264.6M |
| FCF MarginFCF / Revenue | 5.1% | -1.2% |
| Capex IntensityCapex / Revenue | 3.2% | 5.6% |
| Cash ConversionOCF / Net Profit | 2.04× | 1.55× |
| TTM Free Cash FlowTrailing 4 quarters | $4.3B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | — | ||
| Q3 25 | $1.7B | $996.4M | ||
| Q2 25 | $2.5B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $1.6B | — |
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.1B | $-264.6M | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $500.0M | — | ||
| Q3 24 | $420.0M | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $231.0M | — |
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.9% | -1.2% | ||
| Q2 25 | 4.7% | — | ||
| Q1 25 | 4.6% | — | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | 6.8% | — | ||
| Q1 24 | 1.1% | — |
| Q4 25 | 3.2% | — | ||
| Q3 25 | 2.8% | 5.6% | ||
| Q2 25 | 6.6% | — | ||
| Q1 25 | 4.5% | — | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 3.6% | — | ||
| Q2 24 | 5.4% | — | ||
| Q1 24 | 6.3% | — |
| Q4 25 | 2.04× | — | ||
| Q3 25 | 2.08× | 1.55× | ||
| Q2 25 | 1.53× | — | ||
| Q1 25 | 2.21× | — | ||
| Q4 24 | 1.78× | — | ||
| Q3 24 | 1.49× | — | ||
| Q2 24 | 1.83× | — | ||
| Q1 24 | 1.83× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
JBS
Segment breakdown not available.
