United Parcel Service
UPS NYSE· Air Freight & Logistics
Last close · Oct 27, 2026
$106.09
KIRA · Stoqly’s AI analyst, in plain words
- United Parcel Service had $88.7B of revenue in fiscal 2025, down 2.7% on the year before. Over five years, revenue changed +0.9% a year on average.
- Its operating margin was 8.9%, down 0.4 pts: of every 100 in sales, about 9 is left after running the business.
- United Parcel Service made $5.6B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 6.1% a year.
- Free cash flow was $4.8B in fiscal 2025, 5.4% of revenue.
- United Parcel Service returned $6.4B to shareholders in fiscal 2025, 134% of free cash flow. The diluted share count fell 0.7%.
- United Parcel Service owes $18.5B more than it holds in cash, about 1.7 years of operating profit.
Market cap
$90.3B
P/E
19.7x
Revenue
$88.7B
Net income
$5.6B
Free cash flow
$4.8B
Operating margin
8.9%
United Parcel Service in 30 seconds · fiscal 2025
Are sales growing?
−2.7%
No. Sales fell 2.7% last year.
Does it make a profit?
6.3%
A little. It keeps 6.3% of every sale as profit.
Does profit turn into cash?
5.4%
Partly. 5.4% of sales ends up as free cash.
Is debt under control?
1.7x
Keep an eye on it. Repaying its debt would take 1.7 years of operating profit.
How healthy are the accounts?
5 / 8
Mixed. It passes 5 of 8 health tests.
How is the share priced?
19.7x
One share costs 19.7 times its yearly profit per share. Typical for its sector: 26.0x.
What United Parcel Service does
UPS picks up and delivers packages for businesses and consumers in more than 200 countries and territories, using one network of planes, trucks and sorting hubs. It also moves freight by air and sea, runs warehouses, handles customs paperwork and sells shipping insurance. In 2025 it delivered an average of 20.8 million packages a day, and its total revenue was $88.7 billion. It reports two package segments, U.S. Domestic Package and International Package, and groups its freight forwarding, logistics and digital businesses as Supply Chain Solutions. Its largest customer, Amazon, made up about 10.6% of 2025 revenue, almost all in the U.S. package business, and UPS plans to cut the volume it handles for Amazon by more than 50% by June 2026 from 2024 levels. UPS is expanding in health care shipping and says that business brought in more than $11 billion in 2025. It competes with local, regional, national and international delivery and logistics firms, and with national postal services.
Biggest risks, in its own words
- Losing business from its large customers, including the planned drop in volume from its largest one, Amazon.
- Strikes, work stoppages or slowdowns by its largely unionized workforce.
- Fierce competition in a delivery industry that keeps changing quickly.
- Rising or unstable prices for gasoline, diesel and jet fuel, and interruptions in their supply.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 17, 2026
- Legal name
- UNITED PARCEL SERVICE INC
- CIK
- 0001090727
United Parcel Service · UPS
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $97.3B | $100.3B | $91.0B | $91.1B | $88.7B |
| Revenue growth | 15.0% | 3.1% | −9.4% | 0.1% | −2.7% |
| Operating margin | 13.2% | 13.1% | 10.1% | 9.3% | 8.9% |
| Net income | $12.9B | $11.5B | $6.7B | $5.8B | $5.6B |
| Net margin | 13.3% | 11.5% | 7.4% | 6.4% | 6.3% |
| Diluted EPS | $14.68 | $13.20 | $7.80 | $6.75 | $6.56 |
| Cash | |||||
| Cash from operations | $15.0B | $14.1B | $10.2B | $10.1B | $8.5B |
| Capital expenditure | $4.2B | $4.8B | $5.2B | $3.9B | $3.7B |
| Free cash flow | $10.8B | $9.3B | $5.1B | $6.2B | $4.8B |
| FCF margin | 11.1% | 9.3% | 5.6% | 6.8% | 5.4% |
| Dividends paid | $3.4B | $5.1B | $5.4B | $5.4B | $5.4B |
| Share buybacks | $500M | $3.5B | $2.3B | $500M | $1.0B |
| Share count change | 0.8% | −0.3% | −1.7% | −0.5% | −0.7% |
| Debt and strength | |||||
| Cash and short-term investments | $10.6B | $7.6B | $6.1B | $6.3B | $5.9B |
| Debt incl. finance leases | $22.1B | $19.8B | $22.5B | $21.5B | $24.4B |
| Shareholders' equity | $14.3B | $19.8B | $17.3B | $16.7B | $16.2B |
| Net debt / EBITDA | 0.7x | 0.8x | 1.4x | 1.3x | 1.7x |
| Current ratio | 1.4x | 1.2x | 1.1x | 1.2x | 1.2x |
| Interest coverage | 18.5x | 18.6x | 11.6x | 9.8x | 7.7x |
| Returns and quality | |||||
| Return on capital | 44.3% | 35.3% | 21.8% | 20.1% | 18.4% |
| Return on equity | 172.9% | 67.9% | 36.2% | 34.0% | 33.8% |
| Piotroski F-score | 7 | 5 | 4 | 7 | 5 |
| Altman Z'' | 3.0 | 3.0 | 2.3 | 2.4 | 2.2 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$2.7M
1 insider
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
United Parcel Service · UPS
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| United Parcel Service UPS | $90.3B | −2.7% | 8.9% | 5.4% | 18.4% | 19.7x | 5 |
| FedEx FDX | $73.4B | 7.7% | 5.8% | 5.4% | 9.4% | — | 7 |
| C.H. Robinson CHRW | $17.2B | −8.4% | 4.9% | 5.5% | 22.6% | 27.4x | 6 |
| GXO Logistics GXO | $5.8B | 12.6% | 1.9% | 0.8% | 2.3% | 44.3x | 5 |
| Expeditors International EXPD | $26.2B | 4.4% | 9.5% | 8.6% | — | 29.1x | — |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $106.09 a share, the company is worth $90.3B: 19.7 times its earnings of the last four quarters.
United Parcel Service grew sales faster than 1 of its 4 similar companies. Its P/E is higher than 0 of 3.
Source: SEC EDGAR XBRL filings (CIK 0001090727). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.