FedEx Freight Holding Company, Inc.
FDXF · Industrials · $18.9B mkt cap · FY2026 filings · · No moat ·
Doesn't clear the bar
The five investor questions
2024–2026 (latest 3 aligned FYs; v3 window cap 5): revenue $9.4B to $8.8B, decreasing; diluted EPS 10.53 to 4.38, decreasing.
Not enough years of gross-margin data to score pricing power.
Median ROIC 42.5%, above the 12% hurdle in 67% of years.
Net debt/EBITDA 4.3x, interest coverage 9x.
Owner earnings changed -29.2%/yr over up to the ten most recent annual observations, share count n/a.
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
Price vs. value if growth stopped today
A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.
- $1.4B
- $102.56
- $102.56
- $126.64
- 23% above value if growth stopped today
What today’s price assumes: owner earnings growing ~4%/yr over 5 years. The zero-growth estimate assumes owner earnings stay flat (0% growth).
How to read this
We solve for the constant annual change in owner earnings that would make the five-year zero-growth estimate equal today’s price. This keeps the existing model inputs and calculation unchanged; it is an expectations lens, not a forecast.
This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. Flag status unavailable — four adjacent recent FY revenue observations are required.
Among the current top-score group, the median current price is 238% above the zero-growth estimate across 49 of the current top 50 companies by Moat Score with both values.
Score records captured Sep 4, 2026.
Exactly which 50 companies?
FTNT, META, MEDP, IBEX, MSFT, GOOG, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, VEEV, RMD, GRMN, PCTY, EAT, UI, SSD, MNST, DOCS, LRCX, MCO, CPRT, NTAP, NVDA, CORT, SFM, MPTI, ULTA, SN, ROL, CTAS, PAYC, IRMD, INTU, DECK, MORN, JKHY, TPR, LGCY, DAL, GWW, ISRG, MPWR, LOPE
Missing a usable price or zero-growth estimate: ANF.
Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.
4 years of fundamentals
The business, in plain English
It earned 9.9% on invested capital in the latest filed year, FY2026. Across the full 3-year measurable filed record, median ROIC was 42.5%. Over the v3 recent window (3 measurable filed years), median ROIC was 42.5%. The Returns on Capital filter above scores it 88/100.
The balance sheet carried $4.5B of total debt in FY2026 against $788M of owner earnings — roughly 5.7 years of owner earnings to retire it all. Balance-Sheet Safety scores it 19/100.
This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.
Not disclosed in FDXF’s filings for these years — we don’t estimate it.
Exact FY and FY-1 financing invested-capital inputs are required.
Exact FY and FY-1 financing invested-capital inputs are required.
The explained ROIC gaps have filed inputs but no meaningful positive invested-capital denominator. Other gaps mean the item is not in the filings for that year. The series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.
Visual explainers
The filing-backed explainer service is temporarily unavailable, so no partial or guessed chart is shown.
Moat Score history
Score history begins Sep 4, 2026 — the record builds forward from here.
Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars
- Not ratedchanged toNo moatSep 4, 2026
- Normalizer upgraded unstamped (version unknown)tomoat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
- Methodology upgraded moat-index@2.0.0tomoat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
- Methodology upgraded moat-index@1.2.0tomoat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026
Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.
Insider activity
Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”
These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.
The insider-filing service is temporarily unavailable, so no partial or guessed answer is shown for FDXF.
Industrials context
#292 of 447 scored Industrials companies, ranked by Moat Score.
Nearest peers by Moat Score
- #290GTEC GREENLAND TECHNOLOGIES HOLDING CORPORATION35.3 out of 100, No moatNo moat
- #291FTEK FUEL TECH, INC.35.2 out of 100, No moatNo moat
- #293TDDWW TIDEWATER INC34.9 out of 100, No moatNo moat
- #294RRX REGAL REXNORD CORP34.8 out of 100, No moatNo moat
Compare FDXF with its nearest peers →All Industrials companies on the Index →
Common questions about FDXF
- Does FedEx Freight Holding Company, Inc. have an economic moat?
- Based on its FY2026 SEC filings, the Moat Index scores FedEx Freight Holding Company, Inc. (FDXF) 35.1 out of 100 — below the Shallow-moat bar, so no moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 13, pricing power not measurable from the filings, returns on capital 88, balance-sheet safety 19, capital allocation 20.
- Is FDXF trading below the conservative owner-earnings estimate?
- The value if growth stopped today — a zero-growth baseline — is $102.56 per share. It capitalizes normalized owner earnings at a 9% rate and assumes 0% growth. Versus a recent price of $126.64, that is 23% above value if growth stopped today. The model also publishes a capped-growth comparison, but the zero-growth estimate is the cautious baseline. It assumes trailing owner earnings persist and is unreliable for declining businesses. This is an educational estimate from primary SEC filings, not intrinsic value as a fact or investment advice.
- How has FDXF's Moat Score changed over time?
- The record logs 13 readings since Jul 18, 2026; the latest reads 35.1 out of 100 (no moat). Tier changes so far: Not rated → No moat on Sep 4, 2026. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.