FDX vs LUV
FedEx Corp. and Southwest Airlines Co., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | FDX | LUV |
|---|---|---|
| Revenue | $94.7B | $28.1B |
| Net income | $4.4B | $441.0M |
| Gross margin | · | · |
| Net margin | 4.7% | 1.6% |
| Return on equity | 14.8% | 4.8% |
| Diluted EPS | $18.55 | $0.79 |
| Dividend / share | $5.80 | $0.72 |
| Payout ratio | 31.0% | 90.5% |
| Free cash flow | $5.1B | $-831.0M |
| Equity | $31.6B | $8.0B |
| Net debt / equity | 0.34× | 0.21× |
| Current ratio | 1.48× | 0.52× |
| Revenue CAGR 5y | 2.4% | 25.4% |
| Profit CAGR 5y | −3.3% | · |
FDX bills 3.4× the revenue of LUV, and keeps more of each dollar of revenue as profit (4.7% against 1.6%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | FDX | LUV |
|---|---|---|
| FY2025 | $94.7B | $28.1B |
| FY2024 | $87.9B | $27.5B |
| FY2023 | $87.7B | $26.1B |
| FY2022 | $90.2B | $23.8B |
| FY2021 | $93.5B | $15.8B |
| FY2020 | $84.0B | $9.0B |
| FY2019 | $69.2B | $22.4B |
| FY2018 | $69.7B | $22.0B |
| FY2017 | $65.5B | $21.1B |
| FY2016 | $60.3B | $20.3B |
Bottom line
| Fiscal year | FDX | LUV |
|---|---|---|
| FY2025 | $4.4B | $441.0M |
| FY2024 | $4.1B | $465.0M |
| FY2023 | $4.3B | $465.0M |
| FY2022 | $4.0B | $539.0M |
| FY2021 | $3.8B | $977.0M |
| FY2020 | $5.2B | $-3.1B |
| FY2019 | $1.3B | $2.3B |
| FY2018 | $540.0M | $2.5B |
| FY2017 | $4.6B | $3.4B |
| FY2016 | $3.0B | $2.2B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$66,657,000,000 | FDX |
| FY2024 | +$60,443,000,000 | FDX |
| FY2023 | +$61,602,000,000 | FDX |
| FY2022 | +$66,341,000,000 | FDX |
| FY2021 | +$77,722,000,000 | FDX |
| FY2020 | +$74,911,000,000 | FDX |
| FY2019 | +$46,789,000,000 | FDX |
| FY2018 | +$47,728,000,000 | FDX |
| FY2017 | +$44,304,000,000 | FDX |
| FY2016 | +$40,030,000,000 | FDX |
| FY2015 | +$30,545,000,000 | FDX |
| FY2014 | +$28,848,000,000 | FDX |
| FY2013 | +$27,868,000,000 | FDX |
| FY2012 | +$27,199,000,000 | FDX |
| FY2011 | +$27,022,000,000 | FDX |
| FY2010 | +$27,200,000,000 | FDX |
| FY2009 | +$24,384,000,000 | FDX |
| FY2008 | +$24,474,000,000 | FDX |
| FY2007 | +$28,092,000,000 | FDX |
FDX has reported the higher revenue in every one of these 19 fiscal years. The gap has widened since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +3.1 pp | FDX |
| FY2024 | +3.0 pp | FDX |
| FY2023 | +3.2 pp | FDX |
| FY2022 | +2.1 pp | FDX |
| FY2021 | −2.1 pp | LUV |
| FY2020 | +40.2 pp | FDX |
| FY2019 | −8.4 pp | LUV |
| FY2018 | −10.4 pp | LUV |
| FY2017 | −8.9 pp | LUV |
| FY2016 | −5.8 pp | LUV |
| FY2015 | −7.4 pp | LUV |
| FY2014 | −3.9 pp | LUV |
| FY2013 | +0.8 pp | FDX |
| FY2012 | +3.7 pp | FDX |
| FY2011 | +3.6 pp | FDX |
| FY2010 | −0.1 pp | LUV |
| FY2009 | +2.5 pp | FDX |
| FY2008 | −1.3 pp | LUV |
| FY2007 | −3.6 pp | LUV |
The higher net margin has changed hands between FDX and LUV over this period.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
LUV's net margin has been more volatile than FDX's over the 19 comparable fiscal years — 9.8 percentage points of standard deviation against 1.7.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between FDX and LUV over these 19 fiscal years — FDX led in 9 and LUV in 10.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
LUV's return on equity has been more volatile than FDX's over the 19 comparable fiscal years — 15.0 percentage points of standard deviation against 6.4.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between FDX and LUV over these 19 fiscal years — FDX led in 11 and LUV in 8.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.