UPS · United Parcel Service Inc - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · UPS

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$88.66B	$91.07B	$90.96B	$100.34B	$97.29B	$84.63B
Cost of Revenue	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-
R&D	-	-	-	-	-	-
SG&A	-	-	-	-	-	-
Total Operating Expenses	$80.79B	$82.60B	$81.82B	$87.24B	$84.48B	$76.94B
D&A	$3.00B	$3.61B	$3.37B	$3.19B	$2.95B	$2.70B
Operating Income	$7.87B	$8.47B	$9.14B	$13.09B	$12.81B	$7.68B
Interest Expense	$1.02B	$866.00M	$785.00M	$704.00M	$694.00M	$701.00M
Income Tax	$1.59B	$1.66B	$1.86B	$3.28B	$3.71B	$501.00M
Net Income	$5.57B	$5.78B	$6.71B	$11.55B	$12.89B	$1.34B
EPS - Basic	$6.56	$6.76	$7.81	$13.26	$14.75	$1.55
EPS - Diluted	$6.56	$6.75	$7.80	$13.20	$14.68	$1.54

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$5.89B	$6.11B	$3.21B	$5.60B	$10.26B	$5.91B
Accounts Receivable	$11.21B	$10.87B	$11.22B	$12.58B	$12.54B	$10.75B
Inventory	$739.00M	$826.00M	$935.00M	$889.00M	$717.00M	$620.00M
Accounts Payable	$6.63B	$6.30B	$6.34B	$7.51B	$7.52B	$6.46B
Current Assets	$19.05B	$19.31B	$19.41B	$22.22B	$24.93B	$20.22B
Total Assets	$73.09B	$70.07B	$70.86B	$71.12B	$69.41B	$62.41B
Current Liabilities	$15.62B	$16.44B	$17.68B	$18.14B	$17.57B	$17.02B
Long-term Debt	$23.59B	$21.03B	$22.00B	$17.32B	$19.78B	$22.03B
Total Liabilities	-	-	-	-	-	-
Stockholders' Equity	$16.23B	$16.72B	$17.31B	$19.79B	$14.25B	$657.00M
Retained Earnings	$20.15B	$20.88B	$21.05B	$21.33B	$16.18B	$6.90B

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$8.45B	$10.12B	$10.24B	$14.10B	$15.01B	$10.46B
Investing Cash Flow	($4.74B)	($217.00M)	($7.13B)	($7.47B)	($3.82B)	($5.28B)
Financing Cash Flow	($4.14B)	($6.85B)	($5.53B)	($11.19B)	($6.82B)	($4.52B)
CapEx	$3.69B	$3.91B	$5.16B	$4.77B	$4.19B	$5.41B
Free Cash Flow	$4.76B	$6.21B	$5.08B	$9.34B	$10.81B	$5.05B

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	-	-	-	-	-	-
Operating margin	8.9%	9.3%	10.0%	13.0%	13.2%	9.1%
EBITDA margin	12.3%	13.3%	13.8%	16.2%	16.2%	12.3%
Net margin	6.3%	6.3%	7.4%	11.5%	13.2%	1.6%
Free cash flow margin	5.4%	6.8%	5.6%	9.3%	11.1%	6.0%
FCF / Net income	0.86	1.07	0.76	0.81	0.84	3.76
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	-	-	-	-	-	-
Effective tax rate	22.2%	22.3%	21.8%	22.1%	22.3%	27.2%
Return on assets	7.6%	8.3%	9.5%	16.2%	18.6%	2.2%
Return on equity	34.3%	34.6%	38.8%	58.4%	90.4%	204.4%
Return on invested capital	15.4%	17.4%	18.2%	27.5%	29.2%	24.7%
Liquidity
Current ratio	1.22	1.17	1.10	1.22	1.42	1.19
Quick ratio	1.17	1.12	1.05	1.18	1.38	1.15
Cash ratio	0.38	0.37	0.18	0.31	0.58	0.35
Leverage
Debt / Equity	1.45	1.26	1.27	0.88	1.39	33.53
Debt / Assets	0.32	0.30	0.31	0.24	0.29	0.35
Debt / EBITDA	2.17	1.74	1.76	1.06	1.26	2.12
Interest coverage	7.7x	9.8x	11.6x	18.6x	18.5x	11.0x
Equity multiplier	4.50	4.19	4.09	3.59	4.87	94.99
Liabilities / Assets	-	-	-	-	-	-
Efficiency
Asset turnover	1.21	1.30	1.28	1.41	1.40	1.36
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	46d	44d	45d	46d	47d	46d
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	15.1x	18.7x	20.2x	13.2x	14.6x	109.4x
P / B	5.2x	6.5x	7.8x	7.7x	13.2x	223.3x
P / S	1.0x	1.2x	1.5x	1.5x	1.9x	1.7x
EV / EBITDA	9.4x	10.2x	12.3x	10.1x	12.5x	15.7x
Growth
Revenue growth (YoY)	-2.6%	0.1%	-9.3%	3.1%	15.0%	14.2%
Revenue CAGR (3y)	-4.0%	-2.2%	2.4%	10.6%	16.4%	8.7%
Revenue CAGR (5y)	0.9%	4.2%	8.1%	8.8%	9.8%	7.7%
Gross profit growth (YoY)	-	-	-	-	-	-
Operating income growth (YoY)	-7.1%	-7.4%	-30.2%	2.2%	66.7%	-1.5%
Net income growth (YoY)	-3.6%	-13.8%	-41.9%	-10.4%	859.8%	-69.8%
EPS growth (YoY)	-2.8%	-13.5%	-40.9%	-10.1%	853.2%	-69.9%
EPS CAGR (3y)	-20.8%	-22.8%	71.7%	37.2%	38.6%	-35.0%
EPS CAGR (5y)	33.6%	5.7%	7.2%	18.7%	30.6%	-22.0%
FCF growth (YoY)	-23.3%	22.3%	-45.6%	-13.7%	114.2%	123.4%
FCF CAGR (5y)	-1.1%	22.4%	-4.6%	-	25.2%	-0.0%
Book value growth (YoY)	-2.9%	-3.4%	-12.5%	38.8%	2069.4%	-79.9%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$78.09B total

U.S.Domestic Package Segment$59.52B · 76.2%

International Segment$18.58B · 23.8%

Product / service

$88.66B total

Ground$44.18B · 49.8%

Export$14.48B · 16.3%

Next Day Air$9.65B · 10.9%

Logistic$5.86B · 6.6%

Deferred$4.45B · 5.0%

Domestic$3.40B · 3.8%

Forwarding$2.92B · 3.3%

Product And Service Other$1.79B · 2.0%

Cargo And Other$1.24B · 1.4%

Cargo$696.00M · 0.8%

Geographic

$88.66B total

US$67.43B · 76.1%

Non Us$21.23B · 23.9%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

5/9

Neutral

✓Net income positive
✓Operating cash flow positive
✗ROA improved YoY
✓Cash flow > net income
✗Long-term debt decreased
✓Current ratio improved
✓No share dilution
-Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Trucking & Courier Services (No Air)

Company	Revenue (last FY)	Net margin	ROE
PATI	-	-	7.8%
ZTO	-	-	13.7%
FLX	$570.86M	2.7%	13.1%
TOPP	$16.55M	-44.4%	-85.2%

Comparing UNITED PARCEL SERVICE INC against the 4 most active filers in the same SIC group.

Dividends

$6.56/share trailing 12 months · +0.3% YoY

Ex-date	Per share
May 18, 2026	$1.6400
Feb 17, 2026	$1.6400
Nov 17, 2025	$1.6400
Aug 18, 2025	$1.6400
May 19, 2025	$1.6400
Feb 18, 2025	$1.6400
Nov 18, 2024	$1.6300
Aug 19, 2024	$1.6300
May 10, 2024	$1.6300
Feb 16, 2024	$1.6300
Nov 10, 2023	$1.6200
Aug 11, 2023	$1.6200
May 12, 2023	$1.6200
Feb 17, 2023	$1.6200
Nov 10, 2022	$1.5200
Aug 12, 2022	$1.5200
May 13, 2022	$1.5200
Feb 18, 2022	$1.5200
Nov 19, 2021	$1.0200
Aug 20, 2021	$1.0200
May 21, 2021	$1.0200
Feb 19, 2021	$1.0200
Nov 12, 2020	$1.0100
Aug 21, 2020	$1.0100