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Side-by-side financial comparison of FedEx (FDX) and Proficient Auto Logistics, Inc (PAL). Click either name above to swap in a different company.

Proficient Auto Logistics, Inc is the larger business by last-quarter revenue ($93.7B vs $23.5B, roughly 4.0× FedEx). On growth, FedEx posted the faster year-over-year revenue change (6.8% vs -1.6%).

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.

Proficient Auto Logistics, Inc. is a specialized automotive sector logistics provider. It offers tailored solutions including finished vehicle transport, auto parts storage and distribution, and supply chain support for automotive industry stakeholders, prioritizing reliable, efficient service delivery.

FDX vs PAL — Head-to-Head

Bigger by revenue
PAL
PAL
4.0× larger
PAL
$93.7B
$23.5B
FDX
Growing faster (revenue YoY)
FDX
FDX
+8.4% gap
FDX
6.8%
-1.6%
PAL

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
FDX
FDX
PAL
PAL
Revenue
$23.5B
$93.7B
Net Profit
$956.0M
Gross Margin
Operating Margin
5.9%
-7.4%
Net Margin
4.1%
Revenue YoY
6.8%
-1.6%
Net Profit YoY
29.0%
EPS (diluted)
$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.

Revenue
FDX
FDX
PAL
PAL
Q1 26
$93.7B
Q4 25
$23.5B
$430.4M
Q3 25
$22.2B
Q2 25
$22.2B
Q1 25
$22.2B
Q4 24
$22.0B
Q3 24
$21.6B
$91.5M
Q2 24
$22.1B
Net Profit
FDX
FDX
PAL
PAL
Q1 26
Q4 25
$956.0M
Q3 25
$824.0M
Q2 25
$1.6B
Q1 25
$909.0M
Q4 24
$741.0M
Q3 24
$794.0M
$-1.4M
Q2 24
$1.5B
Operating Margin
FDX
FDX
PAL
PAL
Q1 26
-7.4%
Q4 25
5.9%
-7.5%
Q3 25
5.3%
Q2 25
8.1%
Q1 25
5.8%
Q4 24
4.8%
Q3 24
5.0%
-2.4%
Q2 24
7.0%
Net Margin
FDX
FDX
PAL
PAL
Q1 26
Q4 25
4.1%
Q3 25
3.7%
Q2 25
7.4%
Q1 25
4.1%
Q4 24
3.4%
Q3 24
3.7%
-1.5%
Q2 24
6.7%
EPS (diluted)
FDX
FDX
PAL
PAL
Q1 26
Q4 25
$4.04
Q3 25
$3.46
Q2 25
$6.81
Q1 25
$3.76
Q4 24
$3.03
Q3 24
$3.21
$-0.05
Q2 24
$5.92

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FDX
FDX
PAL
PAL
Cash + ST InvestmentsLiquidity on hand
$6.6B
$9.8M
Total DebtLower is stronger
$20.3B
$49.4M
Stockholders' EquityBook value
$28.1B
Total Assets
$89.2B
$466.4M
Debt / EquityLower = less leverage
0.72×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FDX
FDX
PAL
PAL
Q1 26
$9.8M
Q4 25
$6.6B
$14.3M
Q3 25
$6.2B
Q2 25
$5.5B
Q1 25
$5.1B
Q4 24
$5.0B
Q3 24
$5.9B
$16.8M
Q2 24
$6.5B
Total Debt
FDX
FDX
PAL
PAL
Q1 26
$49.4M
Q4 25
$20.3B
$53.7M
Q3 25
$20.3B
Q2 25
$19.2B
Q1 25
$19.5B
Q4 24
$19.4B
Q3 24
$19.7B
$64.0M
Q2 24
$20.1B
Stockholders' Equity
FDX
FDX
PAL
PAL
Q1 26
Q4 25
$28.1B
Q3 25
$27.8B
Q2 25
$28.1B
Q1 25
$26.7B
Q4 24
$26.5B
Q3 24
$27.2B
$338.5M
Q2 24
$27.6B
Total Assets
FDX
FDX
PAL
PAL
Q1 26
$466.4M
Q4 25
$89.2B
$477.0M
Q3 25
$88.4B
Q2 25
$87.6B
Q1 25
$85.0B
Q4 24
$85.5B
Q3 24
$86.7B
$498.2M
Q2 24
$87.0B
Debt / Equity
FDX
FDX
PAL
PAL
Q1 26
Q4 25
0.72×
Q3 25
0.73×
Q2 25
0.68×
Q1 25
0.73×
Q4 24
0.73×
Q3 24
0.72×
0.19×
Q2 24
0.73×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FDX
FDX
PAL
PAL
Operating Cash FlowLast quarter
$2.0B
Free Cash FlowOCF − Capex
$1.2B
FCF MarginFCF / Revenue
5.1%
Capex IntensityCapex / Revenue
3.2%
Cash ConversionOCF / Net Profit
2.04×
TTM Free Cash FlowTrailing 4 quarters
$4.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FDX
FDX
PAL
PAL
Q1 26
Q4 25
$2.0B
Q3 25
$1.7B
Q2 25
$2.5B
Q1 25
$2.0B
Q4 24
$1.3B
Q3 24
$1.2B
Q2 24
$2.7B
Free Cash Flow
FDX
FDX
PAL
PAL
Q1 26
Q4 25
$1.2B
Q3 25
$1.1B
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
$500.0M
Q3 24
$420.0M
Q2 24
$1.5B
FCF Margin
FDX
FDX
PAL
PAL
Q1 26
Q4 25
5.1%
Q3 25
4.9%
Q2 25
4.7%
Q1 25
4.6%
Q4 24
2.3%
Q3 24
1.9%
Q2 24
6.8%
Capex Intensity
FDX
FDX
PAL
PAL
Q1 26
Q4 25
3.2%
Q3 25
2.8%
Q2 25
6.6%
Q1 25
4.5%
Q4 24
3.7%
Q3 24
3.6%
Q2 24
5.4%
Cash Conversion
FDX
FDX
PAL
PAL
Q1 26
Q4 25
2.04×
Q3 25
2.08×
Q2 25
1.53×
Q1 25
2.21×
Q4 24
1.78×
Q3 24
1.49×
Q2 24
1.83×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FDX
FDX

United States Ground$9.2B39%
United States Priority$2.8B12%
Other$2.2B9%
Fedex Freight Segment$2.1B9%
International Economy$1.5B6%
Freight Revenue$1.5B6%
United States Deferred$1.4B6%
International Domestic$1.3B5%
International Economy Freight$582.0M2%
United States Freight$304.0M1%
Other International Revenue$240.0M1%

PAL
PAL

Segment breakdown not available.

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