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Side-by-side financial comparison of FedEx (FDX) and RIO TINTO PLC (RIO). Click either name above to swap in a different company.
RIO TINTO PLC is the larger business by last-quarter revenue ($30.8B vs $23.5B, roughly 1.3× FedEx). RIO TINTO PLC runs the higher net margin — 18.6% vs 4.1%, a 14.5% gap on every dollar of revenue. On growth, RIO TINTO PLC posted the faster year-over-year revenue change (14.6% vs 6.8%). RIO TINTO PLC produced more free cash flow last quarter ($2.3B vs $1.2B).
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.
Rio Tinto Group is a British-Australian multinational mining company headquartered in London, England, and Melbourne, Australia. It was founded in 1873 when a group of British investors purchased a mine complex on the Río Tinto, in Huelva, Spain, from the Spanish government. It has grown through a long series of mergers and acquisitions and is today a major producer of commodities such as copper, iron ore, aluminium and lithium.
FDX vs RIO — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $23.5B | $30.8B |
| Net Profit | $956.0M | $5.7B |
| Gross Margin | — | — |
| Operating Margin | 5.9% | 25.9% |
| Net Margin | 4.1% | 18.6% |
| Revenue YoY | 6.8% | 14.6% |
| Net Profit YoY | 29.0% | 0.5% |
| EPS (diluted) | $4.04 | $3.32 |
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 | $30.8B | ||
| Q3 25 | $22.2B | — | ||
| Q2 25 | $22.2B | — | ||
| Q1 25 | $22.2B | — | ||
| Q4 24 | $22.0B | $26.9B | ||
| Q3 24 | $21.6B | — | ||
| Q2 24 | $22.1B | — | ||
| Q1 24 | $21.7B | — |
| Q4 25 | $956.0M | $5.7B | ||
| Q3 25 | $824.0M | — | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $909.0M | — | ||
| Q4 24 | $741.0M | $5.7B | ||
| Q3 24 | $794.0M | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $879.0M | — |
| Q4 25 | 5.9% | 25.9% | ||
| Q3 25 | 5.3% | — | ||
| Q2 25 | 8.1% | — | ||
| Q1 25 | 5.8% | — | ||
| Q4 24 | 4.8% | 27.5% | ||
| Q3 24 | 5.0% | — | ||
| Q2 24 | 7.0% | — | ||
| Q1 24 | 5.7% | — |
| Q4 25 | 4.1% | 18.6% | ||
| Q3 25 | 3.7% | — | ||
| Q2 25 | 7.4% | — | ||
| Q1 25 | 4.1% | — | ||
| Q4 24 | 3.4% | 21.2% | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 6.7% | — | ||
| Q1 24 | 4.0% | — |
| Q4 25 | $4.04 | $3.32 | ||
| Q3 25 | $3.46 | — | ||
| Q2 25 | $6.81 | — | ||
| Q1 25 | $3.76 | — | ||
| Q4 24 | $3.03 | $3.51 | ||
| Q3 24 | $3.21 | — | ||
| 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 | $9.4B |
| Total DebtLower is stronger | $20.3B | $21.9B |
| Stockholders' EquityBook value | $28.1B | $67.0B |
| Total Assets | $89.2B | $128.1B |
| Debt / EquityLower = less leverage | 0.72× | 0.33× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $6.6B | $9.4B | ||
| Q3 25 | $6.2B | — | ||
| Q2 25 | $5.5B | — | ||
| Q1 25 | $5.1B | — | ||
| Q4 24 | $5.0B | $8.8B | ||
| Q3 24 | $5.9B | — | ||
| Q2 24 | $6.5B | — | ||
| Q1 24 | $5.6B | — |
| Q4 25 | $20.3B | $21.9B | ||
| Q3 25 | $20.3B | — | ||
| Q2 25 | $19.2B | — | ||
| Q1 25 | $19.5B | — | ||
| Q4 24 | $19.4B | $12.4B | ||
| Q3 24 | $19.7B | — | ||
| Q2 24 | $20.1B | — | ||
| Q1 24 | $20.1B | — |
| Q4 25 | $28.1B | $67.0B | ||
| Q3 25 | $27.8B | — | ||
| Q2 25 | $28.1B | — | ||
| Q1 25 | $26.7B | — | ||
| Q4 24 | $26.5B | $58.0B | ||
| Q3 24 | $27.2B | — | ||
| Q2 24 | $27.6B | — | ||
| Q1 24 | $26.4B | — |
| Q4 25 | $89.2B | $128.1B | ||
| Q3 25 | $88.4B | — | ||
| Q2 25 | $87.6B | — | ||
| Q1 25 | $85.0B | — | ||
| Q4 24 | $85.5B | $102.8B | ||
| Q3 24 | $86.7B | — | ||
| Q2 24 | $87.0B | — | ||
| Q1 24 | $86.1B | — |
| Q4 25 | 0.72× | 0.33× | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.68× | — | ||
| Q1 25 | 0.73× | — | ||
| Q4 24 | 0.73× | 0.21× | ||
| 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 | $9.9B |
| Free Cash FlowOCF − Capex | $1.2B | $2.3B |
| FCF MarginFCF / Revenue | 5.1% | 7.5% |
| Capex IntensityCapex / Revenue | 3.2% | 24.7% |
| Cash ConversionOCF / Net Profit | 2.04× | 1.73× |
| TTM Free Cash FlowTrailing 4 quarters | $4.3B | $11.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $9.9B | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $2.5B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $1.3B | $8.5B | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $1.6B | — |
| Q4 25 | $1.2B | $2.3B | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $500.0M | $2.9B | ||
| Q3 24 | $420.0M | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $231.0M | — |
| Q4 25 | 5.1% | 7.5% | ||
| Q3 25 | 4.9% | — | ||
| Q2 25 | 4.7% | — | ||
| Q1 25 | 4.6% | — | ||
| Q4 24 | 2.3% | 10.9% | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | 6.8% | — | ||
| Q1 24 | 1.1% | — |
| Q4 25 | 3.2% | 24.7% | ||
| Q3 25 | 2.8% | — | ||
| Q2 25 | 6.6% | — | ||
| Q1 25 | 4.5% | — | ||
| Q4 24 | 3.7% | 20.9% | ||
| Q3 24 | 3.6% | — | ||
| Q2 24 | 5.4% | — | ||
| Q1 24 | 6.3% | — |
| Q4 25 | 2.04× | 1.73× | ||
| Q3 25 | 2.08× | — | ||
| Q2 25 | 1.53× | — | ||
| Q1 25 | 2.21× | — | ||
| Q4 24 | 1.78× | 1.50× | ||
| 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% |
RIO
Segment breakdown not available.
