FedEx Corp. (NYSE:FDX)

The operating profit margin exhibits a fluctuating pattern over the observed periods. Initial values are not available until May 2019, where the margin began at 6.41%, slightly declining to 3.49% by August 2020. Subsequently, there was a recovery trend reaching around 6.67% in May 2022, followed by another moderate decline to values slightly above 5.5% by early 2025. Overall, the operating profit margin shows resilience with periodic dips and recoveries, stabilizing within a mid-5% to mid-6% range in the latter periods.

Net profit margin shows greater variability with negative values in early 2020, indicating a loss during that quarter. After the dip to -0.5%, the margin improved steadily, peaking around 6.23% in May 2021. Post this peak, there is a gradual decline, settling into a range just below 5% in the most recent periods. This trend suggests recovery from a period of financial difficulty, followed by stabilization at a moderate profitability level.

Return on equity (ROE) reveals a similar pattern to net profit margin, with a sharp fall into negative territory in early 2020, indicating a challenging period for shareholder returns. After recovering sharply to a peak above 21% in May 2021, ROE declines gradually but remains robust above 14% in subsequent quarters through early 2025. This indicates strong equity returns despite some recent weakening.

Return on assets (ROA) closely aligns with the net profit margin and ROE trends, showing initial negative returns in early 2020 followed by a recovery to a high of 6.32% in May 2021. Thereafter, ROA experiences a slight downward trend, stabilizing near 4.5% in the final reporting periods. This pattern reflects improved asset utilization post-recessionary conditions, maintaining moderate efficiency over time.

Operating Profit Margin

Displayed a declining trend until mid-2020 followed by recovery and stabilization around 5.5% to 6.5% in later periods.

Net Profit Margin

Experienced negative values during early 2020, then rebounded strongly, peaking mid-2021, and subsequently stabilized just under 5%.

Return on Equity (ROE)

Deteriorated to negative in early 2020, recovered significantly to over 20% by mid-2021, and maintained solid levels above 14% thereafter.

Return on Assets (ROA)

Followed a similar pattern to ROE and net profit margin with negative returns early 2020, peaking mid-2021 around 6.3%, and later stabilizing near 4.5%.

In summary, the financial ratios indicate a challenging period around early 2020, likely reflecting adverse operational impacts. Following this, there has been a noticeable recovery and stabilization across profitability and efficiency metrics, with the company maintaining moderate to strong returns through the most recent reporting periods. The overall trajectory reflects resilience and an ability to restore operational performance after disruption.

Operating Income

The operating income exhibits a fluctuating pattern over the analyzed periods. Initially, it shows moderate values around 1000 to 1300 million USD from 2018 to early 2019. A significant decline is observed starting in late 2019 through early-mid 2020, reaching lows near 400-500 million USD, likely impacted by external factors. Thereafter, a recovery phase occurs with a peak approaching 1900 million USD in mid-2021. Following this peak, operating income oscillates with values typically ranging between 1000 and 1500 million USD, without establishing a sustained upward or downward trend through early 2025. Overall, the volatility suggests sensitivity to market conditions or operational changes, with notable recovery phases after downturns.

Revenue

Revenue trend indicates a general upward trajectory from 2018 through mid-2022, increasing from approximately 17,000 million USD to nearly 24,400 million USD. This growth is relatively steady, except for a brief plateau and minor fluctuations around 22,000 to 23,000 million USD from mid-2022 onwards. Despite these variations, revenue maintains a relatively high and stable level, showing resilience after 2020. The overall trend reflects expansion and consistent top-line performance with some moderation in the most recent periods.

Operating Profit Margin

The operating profit margin, available from mid-2019 onward, ranges mostly between 3.5% and nearly 7%. Early in the observed margin data, there is a dip to around 3.5%-4.7% during 2019 to mid-2020, coinciding with a drop in operating income. Subsequently, margins improve, peaking near 7% in 2021. From then, the margin stabilizes in the 5.5% to 6.7% range with minor fluctuations, indicating improved operational efficiency relative to revenue. The maintained profitability margins, despite revenue fluctuations, suggest effective cost management or pricing strategies.

Summary Insights

The company experienced volatility in operating income, with significant downturns likely linked to external disruptions followed by recovery periods. Revenue mostly trended upward over the years, indicating growth and market penetration, though recent periods show a stabilization of sales figures. The operating profit margin data reflects a reduction during the income decline but rebounded and stabilized thereafter, suggesting adaptation to changing conditions and improved profitability relative to sales. Overall, the data points to a company that has faced and managed challenges while maintaining growth and profitability within a competitive environment.

Net Income

The net income exhibits significant volatility over the analyzed periods. Initially, values fluctuated moderately between 315 and 935 million US dollars until early 2019, with a notable sharp loss of 1,969 million in May 2019. Following this dip, net income recovered and showed an upward trend reaching a peak of 1,868 million in May 2021. Post-peak, net income maintained a generally positive level but with periodic decreases, dipping below 600 million in several quarters, yet rising again to near 1,500 million in May 2023. Towards the end of the series, net income showed some variability, stabilizing around 700 to 900 million US dollars.

Revenue

Revenue demonstrated a mostly increasing trend across the timeline. Starting at approximately 17 billion US dollars in August 2018, revenue experienced consistent growth, surpassing 22 billion US dollars by early 2021. Subsequent quarters showed some fluctuation but revenue generally remained in the range of 21 to 24 billion US dollars. Notably, revenue peaked around mid-2022 near 24.4 billion US dollars before slightly declining and stabilizing between 21.5 and 22.2 billion US dollars toward the latest periods.

Net Profit Margin

The net profit margin data, available from May 2019 onward, starts with a relatively low but positive margin of 0.77%, decreasing slightly to 0.11% by February 2020. A negative margin of -0.5% appears in May 2020, coinciding with the earlier observed net income loss. Subsequently, the margin increases markedly, reaching a peak of 6.23% in May 2021. After this peak, the margin gradually declined but remained solidly positive, staying above 3.2% through the rest of the periods. By February 2025, the margin is approximately 4.46%, indicating continued profitability despite some downward movement from earlier highs.

Overall Insights

The data reveal resilience in the financial performance despite occasional setbacks, particularly the sharp net income loss in mid-2019 and the negative margin in mid-2020. Revenue growth supports improved earnings, with net profit margins reflecting expanded profitability between 2020 and 2021, before stabilizing at a healthy level thereafter. The quarterly fluctuations in net income suggest sensitivity to periodic operational or market factors but the persistent positive net profit margin over the latter part of the timeframe indicates effective cost management and profitability maintenance.

The analysis of the quarterly financial data reveals several key trends in profitability, investment, and returns over the observed period.

Net Income

Net income exhibits significant volatility across the quarters. The period starts with positive earnings in 2018, followed by a sharp decline reaching a negative value in May 2019 (-1969 million USD). Subsequently, net income recovers and remains generally positive, showing substantial increases notably in May 2021 (1868 million USD) and August 2020 (1245 million USD). The fluctuation suggests periods of operational challenges followed by recovery phases. More recently, from mid-2022 through early 2025, net income remains positive and shows a tendency towards stabilization with some quarters reaching above 1400 million USD, indicating improvement in profitability.

Common Stockholders’ Investment

Common stockholders’ investment, measured in millions of USD, displays an overall upward trend throughout the timeline despite some fluctuations. Beginning at approximately 19,173 million USD in August 2018, the value increases steadily reaching around 26,708 million USD by February 2025. There are episodes of slight declines or stagnation, such as in mid-2019 and late 2022, but the general pattern indicates growth in invested capital, reflecting potential reinvestment or share issuance activity.

Return on Equity (ROE)

ROE data is missing for the initial quarters but shows values starting from February 2019 onwards. Initial ROE percentages are quite low and even negative in some quarters (e.g., May 2020 at -1.85%), suggesting underperformance relative to equity. From August 2020 forward, ROE improves significantly, reaching double-digit rates consistently—from 11.65% to over 20% in some quarters (August 2021 at 21.64%). Although ROE slightly declines after the peak, it stabilizes at a healthy range near 15% in recent quarters, indicating improved profitability relative to equity and efficient use of shareholder capital.

Overall, the data indicates a company that experienced operational and financial difficulties in early 2019 resulting in negative net income and low or negative ROE. However, following that period, there is a marked recovery with increasing net income, rising stockholder investment, and improved returns on equity. The latter part of the timeline reflects sustained financial health with profitability and equity returns stabilizing at favorable levels.

The financial data reveals several notable trends over the observed quarters. Net income demonstrates considerable volatility with periods of both positive and negative earnings. Initially, there is a positive net income which declines sharply in May 2019 to a significant loss, before recovering to positive figures in subsequent quarters. From August 2019 onward, net income generally remains positive, with notable peaks around May 2021 and May 2023, suggesting improved profitability during these periods. The data also shows intermittent declines, such as the loss recorded in May 2020, followed by a recovery phase.

Total assets exhibit a steady upward trend over the entire period. The asset base increases from approximately $51.9 billion in August 2018 to a peak of around $88 billion in late 2023 and early 2024, with minor fluctuations thereafter. This gradual increase indicates ongoing asset growth and possibly expansion or investment activities supporting the business operations.

The Return on Assets (ROA) metric, available from February 2019, generally shows an improving trend. Beginning with minimal or slightly negative returns, ROA significantly increases starting August 2019, reaching a peak above 6% in the year 2021. Following this peak, ROA slightly declines but remains robust above 3.5% up to the most current data point. This trend suggests enhanced operational efficiency and profitability relative to the company's asset base during the period analyzed.

Net Income

Shows fluctuations with periods of losses and gains, significant loss in May 2019 and May 2020, recovery phases thereafter, and peaks in mid-2021 and mid-2023.

Total Assets

Displays a consistent growth trend throughout the period from about $51.9 billion to nearly $88 billion, indicating asset accumulation and potential expansion.

Return on Assets (ROA)

Improves over time from near zero and negative values to a peak above 6% in 2021, then stabilizes around 4.5% - 5% in recent quarters, reflecting improved profitability relative to assets.