UNITED PARCEL SERVICE INC
UPS· NYSE· Trucking & Courier Services (No Air)
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 5.4%
- ROIC, 5 yr avg
- 26.3%
- Revenue, 5 yr CAGR
- +0.9%
We record prices for the companies we cover; UPS is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 850.0M
- Revenue
- $88.7B
- Free cash flow
- $4.8B
- Owner earnings
- $4.7B
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- 8.9%
- Net
- 6.3%
- Free cash flow
- 5.4%
- Owner earnings
- 5.3%
- Stock pay
- 0.1%
Returns
- ROIC, FY2025
- 18.0%
- ROIC, 5 yr avg
- 26.3%
- ROE, FY2025
- 34.3%
- ROE, 5 yr avg
- 51.3%
Growth (CAGR)
- Revenue, 3 yr
- -4.0%
- Revenue, 5 yr
- 0.9%
- Revenue, 9 yr
- 4.1%
- Diluted EPS, 3 yr
- -20.8%
- Diluted EPS, 5 yr
- 33.6%
- Diluted EPS, 9 yr
- 6.1%
- Free cash flow, 3 yr
- -20.1%
- Free cash flow, 5 yr
- -1.1%
- Free cash flow, 9 yr
- 3.5%
Financial health · FY2025
- Cash and investments
- $5.9B
- Total debt
- $23.6B
- Net debt
- $17.7B
- Debt/Equity
- 1.5x
- Debt/FCF
- 4.9x
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- 96.9%
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- -0.5%
Financials: ten years from the 10-Ks
Revenue
$88.7B
+4.1% a year over 9 years
FY2016FY2025
Margins
Operating8.9%Net6.3%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow$4.8BOwner earnings$4.7B
Free cash flow +3.5% a year
FY2016FY2025
Diluted shares
850.0M
-4.2% over 9 years, net buybacks
FY2016FY2025
Return on invested capital
18.0%
FY2025
FY2016FY2025
Net debt (below zero)
-$17.7B
$17.7B more debt than cash
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $61.6B | $66.6B | $71.9B | $74.1B | $84.6B | $97.3B | $100.3B | $91.0B | $91.1B | $88.7B |
| Revenue growth | 5.6% | 8.1% | 7.9% | 3.1% | 14.2% | 15.0% | 3.1% | -9.3% | 0.1% | -2.6% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | 12.5% | 11.3% | 9.8% | 10.5% | 9.1% | 13.2% | 13.0% | 10.0% | 9.3% | 8.9% |
| Net income | $3.4B | $4.9B | $4.8B | $4.4B | $1.3B | $12.9B | $11.5B | $6.7B | $5.8B | $5.6B |
| Net margin | 5.6% | 7.4% | 6.7% | 6.0% | 1.6% | 13.2% | 11.5% | 7.4% | 6.3% | 6.3% |
| Diluted EPS | $3.86 | $5.61 | $5.51 | $5.11 | $1.54 | $14.68 | $13.20 | $7.80 | $6.75 | $6.56 |
| Return on invested capital? | 43.1% | 24.4% | 27.0% | 26.9% | 29.5% | 38.9% | 32.0% | 21.5% | 20.9% | 18.0% |
| Cash | ||||||||||
| Operating cash flow | $6.5B | $1.5B | $12.7B | $8.6B | $10.5B | $15.0B | $14.1B | $10.2B | $10.1B | $8.4B |
| Capital expenditure | $3.0B | $5.2B | $6.3B | $6.4B | $5.4B | $4.2B | $4.8B | $5.2B | $3.9B | $3.7B |
| Free cash flow | $3.5B | -$3.7B | $6.4B | $2.3B | $5.0B | $10.8B | $9.3B | $5.1B | $6.2B | $4.8B |
| Stock-based compensation | $591.0M | $584.0M | $634.0M | $915.0M | $796.0M | $878.0M | $1.6B | $220.0M | $24.0M | $73.0M |
| Owner earnings? | $2.9B | -$4.3B | $5.8B | $1.3B | $4.3B | $9.9B | $7.8B | $4.9B | $6.2B | $4.7B |
| Free cash flow per share | $3.95 | $-4.28 | $7.39 | $2.60 | $5.79 | $12.32 | $10.67 | $5.91 | $7.26 | $5.61 |
| Capital allocation | ||||||||||
| Dividends paid | $2.6B | $2.8B | $3.0B | $3.2B | $3.4B | $3.4B | $5.1B | $5.4B | $5.4B | $5.4B |
| Share repurchases | $2.7B | $1.8B | $1.0B | $1.0B | $224.0M | $500.0M | $3.5B | $2.3B | $500.0M | $1.0B |
| Diluted shares | 887.0M | 875.0M | 870.0M | 869.0M | 871.0M | 878.0M | 875.0M | 860.0M | 856.0M | 850.0M |
| Share count change? | -2.1% | -1.4% | -0.6% | -0.1% | 0.2% | 0.8% | -0.3% | -1.7% | -0.5% | -0.7% |
| Balance sheet | ||||||||||
| Cash and equivalents | $3.5B | $3.3B | $4.2B | $5.2B | $5.9B | $10.3B | $5.6B | $3.2B | $6.1B | $5.9B |
| Short-term investments | $1.1B | $749.0M | $810.0M | $503.0M | $406.0M | $338.0M | $2.0B | $2.9B | $206.0M | – |
| Total debt | $16.1B | $24.3B | $22.7B | $25.2B | $24.7B | $21.9B | $19.7B | $22.0B | $21.0B | $23.6B |
| Net debt | $11.5B | $20.2B | $17.7B | $19.5B | $18.3B | $11.3B | $12.1B | $15.9B | $14.7B | $17.7B |
| Shareholders' equity | $405.0M | $994.0M | $3.0B | $3.3B | $657.0M | $14.3B | $19.8B | $17.3B | $16.7B | $16.2B |
Latest filings
| 2026-10-27 | 8-K | Earnings release |
| 2026-08-05 | 10-Q | Quarterly report |
| 2026-07-28 | 8-K | Earnings release |
| 2026-05-06 | 10-Q | Quarterly report |
| 2026-04-28 | 8-K | Earnings release |
| 2026-03-19 | DEF 14A | Proxy statement |
| 2026-02-17 | 10-K | Annual report |
| 2026-01-27 | 8-K | Earnings release |
| 2025-11-05 | 10-Q | Quarterly report |
| 2025-10-28 | 8-K | Earnings release |
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