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Industrials · Air Freight & Logistics · US listing · 🇺🇸 United States
S&P 500
318.84
+3.47%
Close of 9 Nov 2026, in USD
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in USD, from our data supplier.
Revenue
$94.72bn
FY2017FY2026
Net income
$4.43bn
FY2017FY2026
Free cash flow
$5.12bn
FY2017FY2026
Shareholders' equity
$31.65bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $94.72bn | $87.93bn | $87.69bn | $90.16bn | $93.51bn | $83.79bn | $69.22bn | $69.69bn | $65.45bn | $60.32bn |
| Gross profit | $20.62bn | $19.00bn | $18.95bn | $19.17bn | $20.17bn | $17.79bn | $13.34bn | $14.83bn | $14.10bn | $13.77bn |
| Operating income | $6.62bn | $6.08bn | $6.36bn | $5.34bn | $6.52bn | $6.02bn | $2.85bn | $4.79bn | $5.13bn | $5.42bn |
| Net income | $4.43bn | $4.09bn | $4.33bn | $3.97bn | $3.83bn | $5.23bn | $1.29bn | $540.0m | $4.57bn | $3.00bn |
| Diluted earnings per share | 18.55 | 16.84 | 17.75 | 15.70 | 14.95 | 19.52 | 4.78 | 2.06 | 17.19 | 11.02 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $98.94bn | $87.63bn | $87.01bn | $87.11bn | $85.99bn | $82.78bn | $73.54bn | $54.40bn | $52.33bn | $48.55bn |
| Cash and short-term investments | $13.31bn | $5.57bn | $6.50bn | $6.86bn | $6.90bn | $7.09bn | $4.88bn | $2.32bn | $3.27bn | $3.97bn |
| Total liabilities | $67.29bn | $59.55bn | $59.42bn | $61.05bn | $61.05bn | $58.61bn | $55.24bn | $36.65bn | $32.91bn | $32.48bn |
| Debt | $42.94bn | $37.42bn | $37.72bn | $38.33bn | $37.19bn | $36.46bn | $36.12bn | $17.58bn | $16.59bn | $14.93bn |
| Shareholders' equity | $31.65bn | $28.07bn | $27.58bn | $26.09bn | $24.94bn | $24.17bn | $18.30bn | $17.76bn | $19.42bn | $16.07bn |
| Shares outstanding | 239m | 243m | 244m | 253m | 256m | 268m | 269m | 262m | 266m | 272m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $8.93bn | $7.04bn | $8.31bn | $8.81bn | $9.83bn | $10.13bn | $5.10bn | $5.61bn | $4.67bn | $4.93bn |
| Capital spending | −$3.81bn | −$4.05bn | −$5.18bn | −$6.17bn | −$6.76bn | −$5.88bn | −$5.87bn | −$5.49bn | −$5.66bn | −$5.12bn |
| Free cash flow | $5.12bn | $2.98bn | $3.14bn | $2.64bn | $3.07bn | $4.25bn | −$771.0m | $123.0m | −$989.0m | −$186.0m |
| Dividends paid | −$1.37bn | −$1.34bn | −$1.26bn | −$1.18bn | −$793.0m | −$686.0m | −$679.0m | −$683.0m | −$535.0m | −$426.0m |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $22.86bn | $25.01bn | $24.00bn | $23.47bn | $22.24bn | $22.22bn | $22.16bn | $21.97bn |
| Gross profit | $1.07bn | $5.67bn | $5.12bn | $6.20bn | $4.69bn | $5.31bn | $4.73bn | $4.58bn |
| Operating income | $1.07bn | $2.09bn | $1.61bn | $1.38bn | $1.30bn | $1.99bn | $1.47bn | $1.38bn |
| Net income | $290.0m | $1.60bn | $1.06bn | $956.0m | $824.0m | $1.65bn | $909.0m | $741.0m |
| Diluted earnings per share | 1.21 | 6.69 | 4.42 | 3.93 | 3.39 | 6.78 | 3.74 | 3.04 |
| Cash from operations | $2.19bn | $3.27bn | $1.99bn | $1.95bn | $1.72bn | $2.52bn | $2.01bn | $1.32bn |
| Capital spending | −$616.0m | −$1.47bn | −$955.0m | −$757.0m | −$623.0m | −$1.47bn | −$997.0m | −$818.0m |
| Free cash flow | $1.57bn | $1.79bn | $1.04bn | $1.19bn | $1.09bn | $1.05bn | $1.01bn | $500.0m |
| Total assets | $92.93bn | $98.94bn | $94.73bn | $89.18bn | $88.42bn | $87.63bn | $85.04bn | $85.48bn |
| Cash and short-term investments | $11.21bn | $13.31bn | $8.01bn | $6.57bn | $6.24bn | $5.57bn | $5.21bn | $5.03bn |
| Debt | $21.87bn | $28.39bn | $27.88bn | $23.82bn | $23.77bn | $23.14bn | $22.66bn | $22.56bn |
| Shareholders' equity | $34.57bn | $31.65bn | $29.80bn | $28.14bn | $27.77bn | $28.07bn | $26.71bn | $26.46bn |
Financial ratios
Data as of 10 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 21.8% | 21.6% | 21.6% | 21.3% | 21.6% | 21.2% |
| Operating margin | 7.0% | 6.9% | 7.2% | 6.5% | 7.0% | 8.1% |
| Net margin | 4.7% | 4.7% | 4.9% | 4.4% | 4.1% | 6.2% |
| Return on equity | 14.0% | 14.6% | 15.7% | 15.2% | 15.3% | 21.6% |
| Return on assets | 4.5% | 4.7% | 5.0% | 4.6% | 4.4% | 6.3% |
| Free cash flow yield | 17.1% | 14.8% | 17.9% | 19.2% | 21.0% | 19.3% |
| Revenue growth | 7.7% | 0.3% | -2.7% | -3.6% | 11.6% | 21.1% |
| Earnings growth | 8.3% | -5.5% | 9.0% | 3.8% | -26.9% | 306.8% |
| Current ratio | 1.48x | 1.19x | 1.36x | 1.37x | 1.43x | 1.51x |
| Debt to equity | 0.90x | 0.82x | 0.82x | 0.88x | 0.91x | 0.96x |
| Equity ratio | 32.0% | 32.0% | 31.7% | 29.9% | 29.0% | 29.2% |
| Interest coverage | 12.43x | 7.71x | 8.53x | 8.41x | 9.47x | 8.52x |
| Buybacks as a share of market value | 0.8% | 0.4% | 3.6% | 1.2% | 4.5% | 0.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.7% | 2.5% | 6.5% |
| Operating income | 7.5% | 1.9% | 6.5% |
| Net income | 3.7% | -3.3% | 9.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.7% | 21.6% | 21.5% | 21.5% |
| Operating margin | 7.0% | 6.8% | 6.9% | 6.9% |
| Net margin | 4.7% | 4.7% | 4.8% | 4.4% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 17.8 | 17.1 | 15.8 | 16.1 | 11.6 | 13.3 | 54.3 | 73.4 | 9.4 | 22.6 |
| Price to sales | 0.8 | 0.8 | 0.8 | 0.7 | 0.5 | 0.8 | 1.0 | 0.6 | 0.7 | 1.1 |
Market value over time
30 Nov 2015 to 9 Sept 2026, in USD
$44.87bn$74.51bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 5% | -2% | 66% | -31% | -10% | 84% | -7% | -36% | 26% | 39% |
Dividends and splits
Per share, in the currency the company pays
Paid for 24 years. Last went ex-dividend on 14 Sept 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 2.44 | 5.80 | 5.52 | 3.78 | 5.86 | 3.00 | 2.60 | 2.60 |
- 2-for-1 split · 7 May 1999
- 2-for-1 split · 5 Nov 1996
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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