United Parcel Service, Inc.(UPS)Earnings, Financials & Key Ratios

UPS•NYSE

$98.07

$83.33B mkt cap·14.9× P/E·Price updated May 6, 2026

SectorIndustrials IndustryFreight & Logistics Sub-IndustryAsset-Based Parcel, Express and LTL Carriers

AboutUnited Parcel Service, Inc. provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States. The International Package segment provides guaranteed day and time-definite international shipping services in Europe, the Asia Pacific, Canada and Latin America, the Indian sub-continent, the Middle East, and Africa. This segment offers guaranteed time-definite express options. The company also provides international air and ocean freight forwarding, customs brokerage, distribution and post-sales, and mail and consulting services in approximately 200 countries and territories. In addition, it offers truckload brokerage services; supply chain solutions to the healthcare and life sciences industry; shipping, visibility, and billing technologies; and financial and insurance services. The company operates a fleet of approximately 121,000 package cars, vans, tractors, and motorcycles; and owns 59,000 containers that are used to transport cargo in its aircraft. United Parcel Service, Inc. was founded in 1907 and is headquartered in Atlanta, Georgia.Show more

Revenue$88.64B-2.5%
EBITDA$12.22B-0.6%
Net Income$5.57B-3.6%
EPS (Diluted)6.56-3.0%
Gross Margin18.53%-1.3%
EBITDA Margin13.79%+1.9%
Operating Margin9.56%
Net Margin6.29%-1.2%
ROE33.77%-0.5%
ROIC16.1%-4.6%
Debt/Equity1.99+29.7%
Interest Coverage8.38-13.1%

Analysis→Technical→

UPS Key Insights

United Parcel Service, Inc. (UPS) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Excellent 3Y average ROE of 34.6%
✓Strong 5Y profit CAGR of 32.9%
✓16 consecutive years of dividend growth
✓High quality earnings: Operating CF exceeds net income
✓Efficient asset utilization: 1.2x turnover

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

UPS Price & Volume

United Parcel Service, Inc. (UPS) stock price & volume — 10-year historical chart

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UPS Growth Metrics

United Parcel Service, Inc. (UPS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years4.32%

5 Years0.98%

3 Years-3.95%

TTM-2.69%

Profit CAGR

10 Years1.41%

5 Years32.92%

3 Years-21.57%

TTM-10.37%

EPS CAGR

10 Years2.06%

5 Years33.62%

3 Years-20.79%

TTM-9.91%

Return on Capital

10 Years20.19%

5 Years20.17%

3 Years16.39%

Last Year15.25%

UPS Recent Earnings

United Parcel Service, Inc. (UPS) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 10/12 qtrs (83%)●Beat Revenue 6/12 qtrs (50%)

Q2 2026Latest

Apr 28, 2026

EPS

$1.07

Est $1.02

+4.9%

Revenue

$21.2B

Est $21.0B

+1.0%

Q1 2026

Jan 27, 2026

EPS

$2.38

Est $2.20

+8.2%

Revenue

$24.5B

Est $24.0B

+2.0%

Q4 2025

Oct 28, 2025

EPS

$1.74

Est $1.29

+34.9%

Revenue

$21.4B

Est $20.8B

+2.8%

Q3 2025

Jul 29, 2025

EPS

$1.55

Est $1.56

-0.6%

Revenue

$21.2B

Est $20.9B

+1.8%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 28, 2026	$1.07vs $1.02+4.9%	$21.2Bvs $21.0B+1.0%
Q1 2026	Jan 27, 2026	$2.38vs $2.20+8.2%	$24.5Bvs $24.0B+2.0%
Q4 2025	Oct 28, 2025	$1.74vs $1.29+34.9%	$21.4Bvs $20.8B+2.8%
Q3 2025	Jul 29, 2025	$1.55vs $1.56-0.6%	$21.2Bvs $20.9B+1.8%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	FCF Yield	Debt / Equity
FDXFedEx CorporationDirect Competitor	85.29B	362.75	21.58	0.27%	4.88%	15.76%	3.5%	1.33
XPOXPO Logistics, Inc.Direct Competitor	24.37B	207.55	78.62	1.05%	4.19%	19.04%	1.35%	2.53
ODFLOld Dominion Freight Line, Inc.Direct Competitor	40.86B	196.04	40.59	-5.48%	18.63%	24.03%	2.34%	0.03
SAIASaia, Inc.Direct Competitor	11.26B	422.31	44.36	0.79%	7.84%	10.04%	0.24%	0.16
AMZNAmazon.com, Inc.Product Competitor	2.94T	273.52	38.15	12.38%	12.22%	23.34%	0.26%	0.37
CHRWC.H. Robinson Worldwide, Inc.Product Competitor	19.83B	167.13	34.60	-8.42%	3.7%	33.32%	4.51%	0.88
EXPDExpeditors International of Washington, Inc.Product Competitor	20.34B	152.97	25.71	4.42%	7.48%	36.68%	4.69%	0.44
FWRDForward Air CorporationProduct Competitor	531.42M	17.03	-4.89	0.84%	-4.32%	-66.68%	2.87%	13.36

Compare UPS vs Peers

United Parcel Service, Inc. (UPS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs FDX

Most directly comparable listed peer for UPS.

Scale Benchmark

vs AMZN

Larger-name benchmark to compare UPS against a more recognizable public peer.

Peer Set

Compare Top 5

vs FDX, XPO, ODFL, SAIA

UPS Income Statement

United Parcel Service, Inc. (UPS) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Sales/Revenue	66.55B	71.91B	73.92B	84.43B	97.2B	100.03B	90.75B	90.89B	88.64B	88.33B
Revenue Growth %	10%	8.06%	2.79%	14.23%	15.13%	2.91%	-9.29%	0.16%	-2.49%	-2.69%
Cost of Goods Sold	53.2B	57.74B	57.82B	62.65B	79.77B	79.95B	73.04B	73.84B	72.21B	72.31B
COGS % of Revenue	79.94%	80.3%	78.23%	74.2%	82.07%	79.93%	80.49%	81.23%	81.47%	-
Gross Profit	13.35B▲ 0%	14.17B▲ 6.1%	16.09B▲ 13.6%	21.78B▲ 35.4%	17.43B▼ 20.0%	20.08B▲ 15.2%	17.71B▼ 11.8%	17.06B▼ 3.7%	16.42B▼ 3.7%	16.03B▲ 0%
Gross Margin %	20.06%	19.7%	21.77%	25.8%	17.93%	20.07%	19.51%	18.77%	18.53%	18.15%
Gross Profit Growth %	8.2%	6.12%	13.6%	35.36%	-19.97%	15.19%	-11.82%	-3.66%	-3.72%	-
Operating Expenses	5.86B	7.09B	8.22B	13.95B	4.33B	7.11B	8.34B	8.37B	7.95B	8.4B
OpEx % of Revenue	8.8%	9.86%	11.12%	16.52%	4.45%	7.11%	9.19%	9.21%	8.97%	-
Selling, General & Admin	5.86B	7.09B	8.22B	13.95B	4.33B	7.11B	8.34B	8.68B	8.32B	2.54B
SG&A % of Revenue	8.8%	9.86%	11.12%	16.52%	4.45%	7.11%	9.19%	9.55%	9.39%	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	-311M	-371M	2M
Operating Income	7.49B▲ 0%	7.07B▼ 5.6%	7.88B▲ 11.3%	7.84B▼ 0.5%	13.11B▲ 67.3%	12.97B▼ 1.1%	9.37B▼ 27.7%	8.69B▼ 7.3%	8.47B▼ 2.4%	7.63B▲ 0%
Operating Margin %	11.26%	9.84%	10.66%	9.28%	13.48%	12.96%	10.33%	9.56%	9.56%	8.63%
Operating Income Growth %	47.78%	-5.6%	11.34%	-0.51%	67.27%	-1.06%	-27.74%	-7.32%	-2.44%	-
EBITDA	9.78B	9.28B	10.24B	10.53B	16.06B	16.16B	12.74B	12.29B	12.22B	10.46B
EBITDA Margin %	14.69%	12.91%	13.85%	12.48%	16.52%	16.15%	14.04%	13.53%	13.79%	11.84%
EBITDA Growth %	34.01%	-5.06%	10.29%	2.91%	52.46%	0.6%	-21.16%	-3.48%	-0.61%	-15.06%
D&A (Non-Cash Add-back)	2.28B	2.21B	2.36B	2.7B	2.95B	3.19B	3.37B	3.61B	3.75B	2.83B
EBIT	7.55B	6.59B	6.28B	2.53B	17.28B	15.52B	9.35B	8.3B	8.47B	7.79B
Net Interest Income	-409M	-572M	-629M	-684M	-683M	-694M	-775M	-861M	-1.01B	-1.06B
Interest Income	8M	0	0	0	0	0	0	0	0	0
Interest Expense	417M	572M	629M	684M	683M	694M	775M	861M	1.01B	1.06B
Other Income/Expense	-357M	-1.05B	-2.22B	-5.99B	3.49B	1.86B	-798M	-1.24B	-1.31B	-860M
Pretax Income	7.14B▲ 0%	6.02B▼ 15.7%	5.65B▼ 6.1%	1.84B▼ 67.4%	16.59B▲ 799.9%	14.82B▼ 10.7%	8.57B▼ 42.2%	7.44B▼ 13.2%	7.16B▼ 3.7%	6.76B▲ 0%
Pretax Margin %	10.72%	8.37%	7.65%	2.18%	17.07%	14.82%	9.45%	8.19%	8.08%	7.66%
Income Tax	2.23B	1.23B	1.21B	501M	3.71B	3.28B	1.86B	1.66B	1.59B	1.52B
Effective Tax Rate %	31.27%	20.4%	21.44%	27.17%	22.33%	22.1%	21.75%	22.31%	22.22%	22.41%
Net Income	4.91B▲ 0%	4.79B▼ 2.3%	4.44B▼ 7.3%	1.34B▼ 69.8%	12.89B▲ 859.8%	11.55B▼ 10.4%	6.71B▼ 41.9%	5.78B▼ 13.8%	5.57B▼ 3.6%	5.25B▲ 0%
Net Margin %	7.37%	6.66%	6.01%	1.59%	13.26%	11.54%	7.39%	6.36%	6.29%	5.94%
Net Income Growth %	42.96%	-2.32%	-7.33%	-69.75%	859.79%	-10.41%	-41.91%	-13.8%	-3.63%	-10.37%
Net Income (Continuing)	4.91B	4.79B	4.44B	1.34B	12.89B	11.55B	6.71B	5.78B	5.57B	5.25B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	30M	16M	16M	12M	16M	17M	8M	25M	28M	28M
EPS (Diluted)	5.61▲ 0%	5.51▼ 1.8%	5.11▼ 7.3%	1.54▼ 69.9%	14.68▲ 853.2%	13.20▼ 10.1%	7.80▼ 40.9%	6.76▼ 13.3%	6.56▼ 3.0%	6.18▲ 0%
EPS Growth %	44.96%	-1.78%	-7.26%	-69.86%	853.25%	-10.08%	-40.91%	-13.33%	-2.96%	-9.91%
EPS (Basic)	5.63	5.53	5.14	1.55	14.75	13.26	7.81	6.76	6.56	-
Diluted Shares Outstanding	875M	870M	869M	871M	878M	871M	860M	856M	850M	850M
Basic Shares Outstanding	871M	866M	864M	867M	874M	871M	859M	855M	849M	850M
Dividend Payout Ratio	56.49%	62.85%	71.94%	251.23%	26.66%	44.28%	80.08%	93.38%	96.88%	-

UPS Balance Sheet

United Parcel Service, Inc. (UPS) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Current Assets	15.72B	16.21B	17.1B	20.22B	24.93B	22.22B	19.41B	19.31B	19.05B	17.79B
Cash & Short-Term Investments	4.07B	5.04B	5.74B	6.32B	10.59B	7.59B	6.04B	6.32B	5.89B	5.8B
Cash Only	3.32B	4.22B	5.24B	5.91B	10.26B	5.6B	3.17B	6.11B	5.89B	5.8B
Short-Term Investments	749M	810M	503M	406M	338M	1.99B	2.87B	206M	0	0
Accounts Receivable	10.35B	9.9B	9.55B	10.75B	12.54B	12.58B	11.22B	10.87B	11.21B	9.95B
Days Sales Outstanding	56.74	50.24	47.17	46.47	47.09	45.91	45.11	43.65	46.16	42.93
Inventory	404M	421M	511M	620M	717M	889M	935M	826M	0	0
Days Inventory Outstanding	2.77	2.66	3.23	3.61	3.28	4.06	4.67	4.08	-	-
Other Current Assets	899M	856M	1.3B	2.53B	1.08B	1.15B	1.23B	1.29B	1.95B	2.04B
Total Non-Current Assets	29.86B	33.81B	40.75B	42.19B	44.47B	48.91B	51.44B	50.76B	54.05B	54.02B
Property, Plant & Equipment	22.12B	26.58B	33.34B	35.33B	37.04B	38.47B	41.25B	41.33B	41.99B	42.11B
Fixed Asset Turnover	3.01x	2.71x	2.22x	2.39x	2.62x	2.60x	2.20x	2.20x	2.11x	2.11x
Goodwill	3.87B	3.81B	3.81B	3.37B	3.69B	4.22B	4.87B	4.3B	5.84B	5.8B
Intangible Assets	1.96B	2.08B	2.17B	2.27B	2.49B	2.8B	3.31B	3.06B	4.02B	3.98B
Long-Term Investments	19M	19M	21M	23M	23M	0	0	0	0	0
Other Non-Current Assets	1.62B	1.18B	1.08B	674M	1.06B	3.27B	1.89B	1.96B	2.05B	8.13B
Total Assets	45.57B▲ 0%	50.02B▲ 9.7%	57.86B▲ 15.7%	62.41B▲ 7.9%	69.41B▲ 11.2%	71.12B▲ 2.5%	70.86B▼ 0.4%	70.07B▼ 1.1%	73.09B▲ 4.3%	71.81B▲ 0%
Asset Turnover	1.46x	1.44x	1.28x	1.35x	1.40x	1.41x	1.28x	1.30x	1.21x	1.23x
Asset Growth %	12.87%	9.75%	15.68%	7.87%	11.21%	2.48%	-0.38%	-1.11%	4.31%	15.94%
Total Current Liabilities	12.71B	14.09B	15.41B	17.02B	17.57B	18.14B	17.68B	16.44B	15.62B	14.67B
Accounts Payable	3.93B	5.19B	5.55B	6.46B	7.52B	7.51B	6.34B	6.3B	6.63B	5.91B
Days Payables Outstanding	26.99	32.79	35.06	37.61	34.42	34.31	31.68	31.15	33.53	30.75
Short-Term Debt	4.01B	2.81B	3.42B	2.62B	2.13B	2.34B	3.35B	1.84B	1.37B	1.38B
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	2.28B	3.05B	3.35B	3.81B	3.52B	3.61B	4.05B	3.91B	2.51B	7.38B
Current Ratio	1.24x	1.15x	1.11x	1.19x	1.42x	1.22x	1.10x	1.17x	1.22x	1.22x
Quick Ratio	1.21x	1.12x	1.08x	1.15x	1.38x	1.18x	1.05x	1.12x	1.22x	1.22x
Cash Conversion Cycle	32.53	20.11	15.33	12.48	15.95	15.66	18.1	16.58	-	12.17
Total Non-Current Liabilities	31.66B	32.89B	39.16B	44.72B	37.57B	33.18B	35.87B	36.89B	41.22B	41.34B
Long-Term Debt	20.28B	19.93B	21.82B	22.03B	19.78B	17.32B	18.92B	19.45B	27.22B	23.75B
Capital Lease Obligations	449M	0	2.39B	2.54B	3.03B	3.24B	3.76B	3.63B	3.7B	10.83B
Deferred Tax Liabilities	756M	1.62B	1.63B	488M	3.13B	4.3B	3.77B	3.6B	3.69B	14.53B
Other Non-Current Liabilities	10.18B	11.34B	13.32B	19.66B	11.63B	8.32B	9.42B	10.21B	6.61B	40.45B
Total Liabilities	44.55B	46.98B	54.57B	61.74B	55.14B	51.32B	53.54B	53.33B	56.84B	56.02B
Total Debt	24.79B	22.74B	28.17B	27.75B	25.53B	23.52B	26.73B	25.65B	32.29B	25.13B
Net Debt	21.47B	18.51B	22.93B	21.84B	15.27B	17.92B	23.56B	19.54B	26.4B	19.33B
Debt / Equity	24.21x	7.49x	8.58x	41.49x	1.79x	1.19x	1.54x	1.53x	1.99x	1.99x
Debt / EBITDA	2.54x	2.45x	2.75x	2.63x	1.59x	1.46x	2.10x	2.09x	2.64x	2.40x
Net Debt / EBITDA	2.20x	1.99x	2.24x	2.07x	0.95x	1.11x	1.85x	1.59x	2.16x	2.16x
Interest Coverage	18.12x	11.52x	9.99x	3.70x	25.30x	22.36x	12.06x	9.64x	8.38x	7.37x
Total Equity	1.02B▲ 0%	3.04B▲ 196.6%	3.28B▲ 8.1%	669M▼ 79.6%	14.27B▲ 2032.9%	19.8B▲ 38.8%	17.31B▼ 12.6%	16.74B▼ 3.3%	16.25B▼ 2.9%	15.79B▲ 0%
Equity Growth %	138.69%	196.58%	8.1%	-79.62%	2032.88%	38.78%	-12.57%	-3.3%	-2.91%	-15.85%
Book Value per Share	1.17	3.49	3.78	0.77	16.25	22.74	20.13	19.56	19.12	18.58
Total Shareholders' Equity	994M	3.02B	3.27B	657M	14.25B	19.79B	17.31B	16.72B	16.23B	15.76B
Common Stock	9M	9M	9M	9M	9M	9M	9M	9M	9M	9M
Retained Earnings	5.86B	8.01B	9.11B	6.9B	16.18B	21.33B	21.05B	20.88B	20.15B	19.62B
Treasury Stock	-37M	-32M	-26M	-20M	-16M	-13M	-9M	-7M	-5M	0
Accumulated OCI	-4.87B	-4.99B	-6B	-7.11B	-3.28B	-1.55B	-3.75B	-4.31B	-4.2B	-4.25B
Minority Interest	30M	16M	16M	12M	16M	17M	8M	25M	28M	28M

UPS Cash Flow Statement

United Parcel Service, Inc. (UPS) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	1.48B	12.71B	8.64B	10.46B	15.01B	14.1B	10.24B	10.12B	8.45B	8.45B
Operating CF Margin %	2.22%	17.68%	11.69%	12.39%	15.44%	14.1%	11.28%	11.14%	9.53%	-
Operating CF Growth %	-77.15%	759.43%	-32.04%	21.07%	43.48%	-6.02%	-27.41%	-1.13%	-16.52%	-21.3%
Net Income	4.91B	4.79B	4.44B	1.43B	12.89B	11.55B	6.71B	5.78B	5.57B	5.25B
Depreciation & Amortization	2.28B	2.21B	2.36B	2.7B	2.95B	3.19B	3.37B	3.61B	3.75B	3.82B
Stock-Based Compensation	584M	634M	915M	796M	878M	1.57B	220M	24M	73M	76M
Deferred Taxes	1.23B	758M	100M	-812M	1.65B	531M	199M	-15M	-8M	77M
Other Non-Cash Items	-6.07B	2.28B	688M	5.27B	-2.69B	-2.31B	117M	466M	-3M	-784M
Working Capital Changes	-1.46B	2.04B	136M	1.08B	-664M	-420M	-372M	256M	-930M	-81M
Change in Receivables	-1.02B	-421M	-717M	-1.56B	-2.15B	-322M	1.26B	-566M	-382M	-257M
Change in Inventory	-3.87B	-694M	0	0	0	0	0	0	0	0
Change in Payables	592M	1.03B	419M	904M	1.26B	34M	-1.38B	262M	-190M	221M
Cash from Investing	-4.97B	-6.33B	-6.06B	-5.28B	-3.82B	-7.47B	-7.13B	-217M	-4.74B	-4.32B
Capital Expenditures	-5.23B	-6.28B	-6.38B	-5.41B	-4.19B	-4.77B	-5.16B	-3.91B	-3.69B	-3.84B
CapEx % of Revenue	7.85%	8.74%	8.63%	6.41%	4.31%	4.77%	5.68%	4.3%	4.16%	-
Acquisitions	-134M	-2M	-6M	-20M	-602M	-743M	-1.14B	1.04B	-1.97B	-1.55B
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	30M	42M	3M	43M	924M	-309M	-19M	-24M	715M	812M
Cash from Financing	3.29B	-5.69B	-1.73B	-4.52B	-6.82B	-11.19B	-5.53B	-6.85B	-4.14B	-3.16B
Debt Issued (Net)	7.83B	-1.62B	2.11B	-851M	-2.77B	-2.3B	2.27B	-974M	2.08B	-39M
Equity Issued (Net)	-1.57B	-1.01B	-1B	61M	-249M	-3.24B	-2B	-268M	-841M	132M
Dividends Paid	-2.77B	-3.01B	-3.19B	-3.37B	-3.44B	-5.11B	-5.37B	-5.4B	-5.4B	-5.4B
Share Repurchases	-1.81B	-1.01B	-1B	-224M	-500M	-3.5B	-2.25B	-500M	-1B	0
Other Financing	-203M	-48M	362M	-353M	-364M	-529M	-432M	-209M	14M	2.15B
Net Change in Cash	-156M▲ 0%	598M▲ 483.3%	871M▲ 45.7%	672M▼ 22.8%	4.34B▲ 546.6%	-4.65B▼ 207.1%	-2.4B▲ 48.5%	2.91B▲ 221.3%	-225M▼ 107.7%	1B▲ 0%
Free Cash Flow	-3.75B▲ 0%	6.43B▲ 271.5%	2.26B▼ 64.9%	5.05B▲ 123.4%	10.81B▲ 114.2%	9.34B▼ 13.7%	5.08B▼ 45.6%	6.21B▲ 22.3%	4.76B▼ 23.3%	4.52B▲ 0%
FCF Margin %	-5.63%	8.94%	3.06%	5.98%	11.12%	9.33%	5.6%	6.84%	5.38%	5.11%
FCF Growth %	-206.84%	271.5%	-64.86%	123.42%	114.25%	-13.67%	-45.58%	22.3%	-23.31%	-15.97%
FCF per Share	-4.28	7.39	2.60	5.79	12.32	10.72	5.91	7.26	5.61	5.61
FCF Conversion (FCF/Net Income)	0.30x	2.65x	1.95x	7.79x	1.16x	1.22x	1.53x	1.75x	1.52x	0.86x
Interest Paid	428M	595M	628M	691M	697M	721M	762M	854M	0	0
Taxes Paid	1.56B	2M	514M	1.14B	1.87B	2.57B	1.98B	1.35B	0	0

UPS Key Ratios

United Parcel Service, Inc. (UPS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	675.15%	235.95%	140.51%	67.97%	172.58%	67.79%	36.15%	33.95%	33.77%	32.98%
Return on Invested Capital (ROIC)	31.25%	24.09%	24.74%	24.12%	37.77%	28.92%	17.88%	16.88%	16.1%	16.1%
Gross Margin	20.06%	19.7%	21.77%	25.8%	17.93%	20.07%	19.51%	18.77%	18.53%	18.15%
Net Margin	7.37%	6.66%	6.01%	1.59%	13.26%	11.54%	7.39%	6.36%	6.29%	5.94%
Debt / Equity	24.21x	7.49x	8.58x	41.49x	1.79x	1.19x	1.54x	1.53x	1.99x	1.99x
Interest Coverage	18.12x	11.52x	9.99x	3.70x	25.30x	22.36x	12.06x	9.64x	8.38x	7.37x
FCF Conversion	0.30x	2.65x	1.95x	7.79x	1.16x	1.22x	1.53x	1.75x	1.52x	0.86x
Revenue Growth	10%	8.06%	2.79%	14.23%	15.13%	2.91%	-9.29%	0.16%	-2.49%	-2.69%

UPS SEC Filings & Documents

United Parcel Service, Inc. (UPS) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 28, 2026·SEC

Material company update

Feb 6, 2026·SEC

Material company update

Jan 27, 2026·SEC

10-K Annual Reports

FY 2026

Feb 17, 2026·SEC

FY 2025

Feb 18, 2025·SEC

FY 2024

Feb 20, 2024·SEC

10-Q Quarterly Reports

FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 6, 2025·SEC

FY 2025

May 7, 2025·SEC

UPS Frequently Asked Questions

United Parcel Service, Inc. (UPS) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

United Parcel Service, Inc. (UPS) reported $88.33B in revenue for fiscal year 2025. This represents a 256% increase from $24.79B in 1998.

United Parcel Service, Inc. (UPS) saw revenue decline by 2.5% over the past year.

Yes, United Parcel Service, Inc. (UPS) is profitable, generating $5.25B in net income for fiscal year 2025 (6.3% net margin).

Dividend & Returns

Yes, United Parcel Service, Inc. (UPS) pays a dividend with a yield of 6.48%. This makes it attractive for income-focused investors.

United Parcel Service, Inc. (UPS) has a return on equity (ROE) of 33.8%. This is excellent, indicating efficient use of shareholder capital.

United Parcel Service, Inc. (UPS) generated $4.52B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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