FDXF earnings analysis — 8-K, statement tablesFedEx Freight Holding Company, Inc. (FDXF) 财报解读 — 8-K、statement tables

1. FedEx Freight (FDXF) Earnings Follow-Up Analysis

This analysis is based on the June 25, 2026 official earnings release, updated financial statement tables, and SEC Form 8-K filing. 1. Actual vs. Consensus Results: Per the official earnings release snapshot, GAAP diluted EPS actual value was not disclosed, versus a consensus estimate of $1.56; total revenue actual value was not disclosed, versus a consensus estimate of $2.3B, with both metrics missing market expectations. 2. Revenue and Profitability Quality: Updated financial statements show that for the Q3 2026 period ended February 28, 2026, revenue totaled $2.0B, a 6.9% year-over-year decline; gross margin was 24.8%, operating income was -$6M (operating margin -0.3%), a 109.1% YoY drop; EBIT was $120M, EBITDA $233M with an 11.7% margin; net income was $51M with a 2.6% net margin, though GAAP diluted EPS stood at -$30,000.00, an unusually negative figure. 3. Cash Conversion and Investment: Operating cash flow was -$318M, capex -$152M, free cash flow -$470M; end-of-period cash was $102M, total debt $5.3B, net debt $5.2B, indicating elevated debt repayment pressure. 4. Forward Guidance: No quantitative forward guidance was available for investors. 5. GAAP vs. Non-GAAP Metrics: Only GAAP-basis financial data was disclosed, with no non-GAAP adjusted metrics provided, leaving this comparison data missing. 6. Earnings Call Transcript: No earnings call transcript excerpts were provided in the submitted materials. 7. Unresolved Investor Questions: Segment-level operational details, backlog/RPO, deferred revenue, capex breakdown, demand and pricing trends, and 10-Q quarterly filing details remain undisclosed, requiring future disclosures for full visibility.