FedEx (FDX), measured in bitcoin
One FedEx share costs 349,513 sats today ($290.59). That's 122% more sats than a year ago, so over the past year the stock beat holding bitcoin.
Next earnings: Wednesday, October 28 after the close.
What one share costs in bitcoin today ($290.59). One bitcoin is 100 million sats.
More sats per share than a year ago. Above zero means the stock beat simply holding bitcoin.
What each $1 it spent buying back its own stock since 2019 is worth today, versus the same $1 in bitcoin bought at the same times. Bitcoin wins.
$25.0 billion of revenue in the quarter to May 31, 2026, at that quarter's average price: ₿339,087 of the 21 million that will ever exist.
Since mid-2022 it kept $945 million of free cash flow after dividends and buybacks.
How it compares: industrials
Sorted by the past year in bitcoin. Within the same window every stock is divided by the same bitcoin price, so the order matches dollars; what bitcoin adds is the line at zero: above it, the stock beat holding bitcoin.
| Company | Sats per share | Past year, ₿ | Vs 2019 avg, ₿ | Shareholder return, ₿ |
|---|---|---|---|---|
| FedEx FDX | 349,513 | +122% | −84% | – |
| GE Vernova GEV | 1,207,629 | +115% | n/a | – |
| Caterpillar CAT | 929,477 | +112% | −56% | −20%/yr |
| Deere & DE | 781,800 | +105% | −70% | −15%/yr |
| Emerson Electric EMR | 196,653 | +77% | −82% | −23%/yr |
| Union Pacific UNP | 339,614 | +73% | −87% | −23%/yr |
| RTX RTX | 220,131 | +60% | −82% | −21%/yr |
| United Parcel Service UPS | 114,011 | +58% | −93% | −16%/yr |
| 3M MMM | 195,775 | +49% | −92% | −30%/yr |
| GE Aerospace GE | 370,008 | +43% | −54% | −26%/yr |
| Lockheed Martin LMT | 606,220 | +39% | −89% | −18%/yr |
| General Dynamics GD | 399,825 | +38% | −86% | −10%/yr |
| Boeing BA | 224,305 | +20% | −96% | – |
| Uber UBER | 85,782 | +5.2% | −78% | – |
Questions
- How many sats is one FedEx share?
- 349,513 sats ($290.59) at the close on October 13, 2026, or 0.00350 bitcoin.
- Has FedEx beaten bitcoin?
- Measured by share price, no: a share costs 84% fewer sats than its 2019 average (in dollars: +121%).
- Did FedEx's buybacks beat bitcoin?
- No. It spent $10.2 billion buying back its own stock since 2019. Each $1 is now worth $1.55 in shares; the same $1 in bitcoin, bought at the same times, would be worth $2.12. (Per dollar: at that size the buying itself would have moved bitcoin's price.)