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Operates Germany's postal service and DHL, one of the world's largest express delivery, freight and logistics networks.
Operates Germany's postal service and DHL, one of the world's largest express delivery, freight and logistics networks.
Express delivery carries the profit: customers pay for time-guaranteed international parcels, and results follow world trade and e-commerce volumes. Forwarding is bought per shipment and moves with freight rates, while the German mail and parcel business is regulated. The German state, through KfW, is a large shareholder. It renamed itself DHL Group in 2022.
In one line: Germany's USPS combined with FedEx/UPS.
Moat: narrow (scale, installed base, distribution). Dense global express network and Germany's universal postal licence, though logistics margins are thin and competitive.
Headquarters: Bonn, Germany · Founded: 1995 · Employees: 583,998
Size Deutsche Post (DHL.DE) is a Germany Industrials company (Air Freight/Couriers) with a market value of $72.8B, the 7th largest of 205 Germany companies the cockpit tracks. Shares closed at €58.02 on 6 Nov 2026.
Performance Over six months the shares gained 21.1%, against +1.0% for the median peer and +2.6% for the Germany market (cap-weighted) — highest of 9 in its peer set.
Growth Revenue grew 1.3% over the last twelve months (peer median +9.1%); the operating margin is 7.8% (peer median 8.5%).
Valuation It trades at 16.0× forward earnings against a peer median of 15.6× (4th most expensive of 9).
Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.5 points above its cost of capital (7.4% WACC).
Next results Next results expected around 5 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €85.0B | €82.9B | €84.2B | €81.8B | €94.4B |
| Revenue growth | — | -2% | +3% | -13% | — |
| Gross profit | €9.75B | €8.99B | €8.63B | €8.83B | €11.3B |
| EBITDA | €11.6B | €8.87B | €8.60B | €8.87B | €10.7B |
| Net income | €3.72B | €3.50B | €3.33B | €3.67B | €5.36B |
| Free cash flow | €6.18B | €5.61B | €5.12B | €5.42B | €6.60B |
| Capital expenditure | €2.87B | €2.79B | €2.94B | €3.38B | €3.91B |
| Total debt | €28.0B | €25.4B | €22.4B | €20.8B | €20.2B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Deutsche Post DHL.DE | $72.8B | +21% | +1% | 8% | 16.0× | 3.3% |
| United Parcel Service UPS | $92.1B | +9% | 0% | 9% | 13.6× | 3.9% |
| FedEx FDX | $72.2B | +1% | +8% | 7% | 15.4× | 8.3% |
| Dsv A/s DSV.CO | $51.5B | -3% | +37% | 8% | 23.5× | 3.9% |
| Kuehne & Nagel International KNIN.SW | $34.3B | +35% | +1% | 5% | 25.4× | 3.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DHL.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.6% | +11.1% | 3rd lowest of 9 |
| 6-month return | +21.1% | +1.0% | highest of 9 |
| Distance from 52-week high | -5.3% | -14.6% | highest of 9 |
| Revenue growth (TTM) | +1.3% | +9.1% | 3rd lowest of 9 |
| Operating margin | 7.8% | 8.5% | 5th highest of 9 |
| Forward P/E | 16.0× | 15.6× | 4th most expensive of 9 |
| Growth the price implies (Req g, 7 yrs) | 3.3% | 6.1% | 3rd least demanding of 9 |
| Growth delivered (Del g) | +4.4% | +5.6% | 5th highest of 9 |
| Hurdle (Req g minus delivered) | -1.1 pp | +1.8 pp | 4th least demanding of 9 |
| ROIC minus cost of capital | +2.5 pp | +7.1 pp | 3rd lowest of 9 |
| EV / EBITDA | 7.7× | 11.8× | cheapest of 7 |
| Net debt / EBITDA | 2.0× | 2.0× | 4th least indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Deutsche Post DHL.DE | Germany | $72.8B | +21% | +1% | 8% | 16.0× | 3.3% | +4.4% |
| FedEx FDX | United States | $72.2B | +1% | +8% | 7% | 15.4× | 8.3% | +2.5% |
| United Parcel Service UPS | United States | $92.1B | +9% | 0% | 9% | 13.6× | 3.9% | +1.0% |
| Dsv A/s DSV.CO | Denmark | $51.5B | -3% | +37% | 8% | 23.5× | 3.9% | +16.3% |
| Poste Italiane PST.MI | Italy | $43.9B | +1% | +11% | 14% | 13.5× | 17.6% | -6.8% |
| Expeditors International EXPD | United States | $24.0B | +18% | +19% | 10% | 21.1× | 8.9% | +2.9% |
| S.F 6936.HK | Hong Kong | $23.9B | -12% | +11% | 5% | 12.5× | -11.4% | +14.1% |
| S.F 002352.SZ | China | $23.9B | -7% | +6% | 5% | 15.9× | -12.9% | +14.9% |
| Brambles BXB.AX | Australia | $20.4B | +2% | +1% | 17% | 20.8× | 8.9% | +8.3% |