— Know what they know.
/
Not Investment Advice

UPS

NYSE · USD
United Parcel Service, Inc.
Industrials · Integrated Freight & Logistics
CEO Carol Tomé Employees 460,000 R&D / revenue 0.0%
Last price
$97.50−0.34%last session
Market cap
$73.1B
P/E (TTM)
18.1x
From 52w high
−20.3%
From 52w low
+14.4%
1-year return
+15.8%
RSI 14 · vs SMA200
53.6 · −6.5%
IS score
43.9/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

UPS   SPY   XLI (sector ETF) · weekly closes
100110120130140Jan 26Apr 26Jul 26Oct 26SPY 116UPS 116XLI 111

Score DNA

Each bar is a 0-100 score within the scored universe
35
Profitability
27
Growth
50
Value
58
Momentum
65
Risk (safety)
55
Quality
38
Balance sheet
76
Earnings quality

Flags

Strengths
✓ FCF yield 5%+✓ Congress buying
Warnings
▲ Share count rising
Observations
Moat model: Weak, Efficient ScalePiotroski 4 / 9Altman Z 3.0Beta 1.043 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
No open-market sales on file
Form 144 notices (12m): 2, $5.7M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
4
Last disclosed purchase 2026-09-25
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+32
196 new holders, 135 closed
2,148 filers hold 65.7% · 898 added, 820 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+292
1,185 funds adding shares
893 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
55.1%
20-day avg 61.1%, 50-day avg 63.6%
Latest 6.0 pp under its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$88.6B
Revenue growth YoY−2.5%
Gross margin18.5%
Operating income$8.5B
Operating margin9.6%
Net income$5.6B
Net margin6.3%
EPS (diluted)$6.56
Cash flow
Operating cash flow$8.4B
Capital expenditure$3.7B
Free cash flow$4.8B
FCF conversion (FCF / OCF)56.4%
Stock-based compensation$73.0M
FCF less SBC$4.7B
Buybacks$1.0B
Dividends$5.4B
Balance sheet & returns
Cash & short-term investments$5.9B
Total debt$28.6B
Net debt$22.7B
Shareholders' equity$16.3B
Goodwill & intangibles$9.9B
Debt / equity1.90
ROE (TTM)29.1%
ROIC (TTM)8.9%
Operating margin by fiscal year
13.5%FY202113.0%FY202210.4%FY20239.6%FY20248.9%FY2025
Revenue $97.2B (FY2021) to $88.6B (FY2025), a -2.3% CAGR.

Valuation

P/E (TTM)18.1x
EV / EBITDA9.2x
Price / sales0.81x
Price / FCF13.3x
FCF yield7.51%
Buyback yield1.37%
SBC / revenue0.1%
Price / book5.50x
Forward P/E FY202613.6x
Forward P/E FY202712.2x
Forward P/E FY202811.3x
Forward multiples divide today's price by Street EPS estimates. Street mean target $122.92 across 13 analysts last quarter is theirs, not ours.

UPS vs industry median

66 companies in Integrated Freight & Logistics
Gross margin 16.6% 15.0% Operating margin 7.3% 3.6% Net margin 5.1% 2.7% ROIC 8.9% 4.7%
UPS (TTM)Industry median Asset turnover 1.26 vs industry 1.23 · financial leverage 4.73

Earnings delivery

Next report 2026-10-27 · consensus EPS $1.63
83%
beat rate, 10 of 12 quarters
+7.3%
median EPS surprise
4
longest beat streak
+3+1+11-10+8+9+8-1+35+8+5+7
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-10-26 to 2026-07-28. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
UPS United Parcel Service, Inc. $73.1B18.1x29.1%5.1%−2.5% +15.8%
FDX FedEx Corporation $69.5B16.0x14.8%6.4%+7.7% +55.9%
EXPD Expeditors International of $25.5B28.4x42.6%7.6%+6.8% +66.5%
JBHT J.B. Hunt Transport Services $21.5B32.1x18.4%5.2%+5.3% +35.3%
FDXF FedEx Freight Holding Compan $16.9B29.3x-31.8%6.4%— −25.0%
CHRW C.H. Robinson Worldwide, Inc $16.3B26.3x37.1%3.8%−0.1% —
CMI Cummins Inc. $73.1B27.0x22.0%9.9%+2.9% —
NSC Norfolk Southern Corporation $73.4B27.9x17.0%21.2%+3.0% —
12-month window: SPY +15.9%, sector ETF XLI +10.7%. Past returns describe history only.

Recent 8-K filings

2026-08-31Officer/Director Change; Regulation FD; Exhibits
2026-08-18Other Events; Exhibits
2026-08-12Other Events; Exhibits
2026-07-28Earnings Release; Exhibits
2026-06-15Officer/Director Change
2026-05-13Officer/Director Change

Context

Shares outstanding749,349,405
Free float99.9%
Institutional ownership65.7%
Beta1.04
Dividend yield6.73%
Last dividend$1.64 on 2026-08-17
50 / 200-day average$99.54 / $104.72
Large-cap Industrials median P/E29.8x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where UPS sits among 13 scored companies in Integrated Freight & Logistics (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureUPSIndustry medianIndustry percentileSector median
P/E (TTM) 16.0x 25.7x
30th		 25.4x
PEG (P/E ÷ 3-yr EPS CAGR) —
Price / sales 0.8x 1.0x
42nd		 2.0x
Price / book 4.8x 3.5x
56th		 2.9x
Price / tangible book 17.1x 7.9x
88th		 5.6x
Price / free cash flow 13.3x 14.1x
30th		 20.8x
Price / operating cash flow 8.2x 12.0x
27th		 14.5x
Enterprise value $97.1B $10.8B
92nd		 $4.8B
EV / sales 1.1x 1.1x
50th		 2.4x
EV / EBITDA 9.2x 13.5x
22nd		 13.6x
EV / EBIT 14.4x 20.4x
22nd		 19.9x
EV / free cash flow 17.7x 24.0x
20th		 24.3x
Earnings yield 6.3% 3.6%
75th		 3.3%
FCF yield 7.5% 5.1%
75th		 3.8%
Operating cash flow yield 12.2% 7.4%
75th		 6.2%
Graham number (per share) $46.25 $46.25
50th		 $38.21

Profitability (TTM)

MeasureUPSIndustry medianIndustry percentileSector median
Gross margin 16.6% 16.6%
50th		 30.5%
EBITDA margin 11.8% 5.9%
83rd		 14.3%
Operating margin 7.3% 4.9%
67th		 9.8%
EBIT margin 7.5% 4.0%
83rd		 9.9%
Net margin 5.1% 3.7%
67th		 6.0%
NOPAT margin 5.7% 4.0%
67th		 7.8%
FCF margin 6.1% 3.5%
75th		 7.0%
Operating cash flow margin 9.9% 4.3%
83rd		 11.2%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 0.0% 5.2%
0th		 14.1%
Stock comp / revenue 0.1% 0.3%
33rd		 0.6%
Effective tax rate 22.1% 23.5%
33rd		 21.0%

Returns on capital

MeasureUPSIndustry medianIndustry percentileSector median
ROE (on average equity) 29.7% 14.8%
80th		 11.9%
ROA 6.4% 4.8%
67th		 4.8%
ROIC 13.1% 8.0%
58th		 8.7%
ROCE 11.9% 7.8%
58th		 9.4%
Return on tangible assets 9.5% 6.7%
58th		 7.9%
Cash ROIC (OCF / invested capital) 22.8% 14.6%
67th		 12.8%
Gross profitability (GP / assets) 21.0% 25.0%
33rd		 19.2%
ROIC, 3-yr average 11.6% 8.0%
73rd		 7.8%
ROIC, 5-yr average 18.8% 10.4%
70th		 8.6%
ROE, 5-yr average 42.9% 17.4%
100th		 12.5%
Incremental ROIC -71.7% -2.1%
27th		 20.5%

Growth

MeasureUPSIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) -0.3% 1.7%
27th		 8.6%
Revenue growth (QoQ) 7.7% 11.0%
45th		 9.9%
Revenue CAGR, 3 yr -2.1% -3.9%
64th		 5.0%
Revenue CAGR, 5 yr -0.5% 1.0%
30th		 8.3%
Gross profit CAGR, 3 yr -8.8% -3.2%
18th		 6.5%
Operating income CAGR, 3 yr -17.1% -6.1%
22nd		 6.4%
Net income growth (TTM YoY) -20.2% 8.5%
11th		 11.3%
Net income CAGR, 3 yr -23.0% -7.7%
25th		 6.6%
EPS growth (TTM YoY) -20.6% 10.3%
0th		 13.3%
EPS CAGR, 3 yr -22.7% -4.7%
25th		 5.6%
EPS CAGR, 5 yr -5.2% 1.8%
12th		 8.3%
FCF growth (TTM YoY) 55.0% 62.1%
40th		 14.7%
FCF CAGR, 3 yr -4.0% -19.8%
67th		 12.2%
Operating cash flow CAGR, 3 yr -8.0% -14.0%
64th		 8.8%
Book value CAGR, 3 yr -8.7% 2.3%
0th		 7.3%
Dividend CAGR, 3 yr 0.5% 2.5%
14th		 2.7%
Sustainable growth rate -5.4% 8.0%
0th		 11.0%

Margin history & stability

MeasureUPSIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 17.5% 17.1%
55th		 30.6%
Operating margin, 3-yr average 8.5% 4.6%
82nd		 10.0%
Net margin, 3-yr average 5.8% 3.2%
91st		 6.2%
FCF margin, 3-yr average 5.1% 4.4%
73rd		 7.1%
Revenue stability (0-1) 0.31 0.25
55th		 0.81
Earnings stability (0-1) 0.32 0.21
73rd		 0.47
Margin stability (0-1) 0.91 0.89
55th		 0.90

Liquidity (latest quarter)

MeasureUPSIndustry medianIndustry percentileSector median
Cash & short-term investments $4.7B $278.8M
92nd		 $249.6M
Net cash (− = net debt) −$24.0B −$1.8B
8th		 −$666.5M
Working capital $2.7B $368.7M
92nd		 $376.4M
Current ratio 1.18 1.48
17th		 1.79
Quick ratio 1.18 1.47
17th		 1.33
Cash ratio (cash + ST investments / current liabilities) 0.31 0.25
58th		 0.32
Defensive interval (days) 669 days 669 days
50th		 614 days

Leverage & solvency (latest quarter)

MeasureUPSIndustry medianIndustry percentileSector median
Total debt $28.7B $2.0B
92nd		 $919.8M
Debt / equity 1.90 0.40
89th		 0.65
Net debt / equity 1.59 0.27
89th		 0.46
Debt / assets 40.2% 33.8%
58th		 29.3%
Debt / capital 65.6% 28.5%
89th		 39.5%
Debt / EBITDA 2.71 2.10
67th		 2.44
Net debt / EBITDA 2.27 1.67
67th		 1.86
Interest coverage (EBIT / interest) 4.1x 7.4x
40th		 5.0x
Cash interest coverage 5.5x 5.6x
40th		 6.1x
Debt payback (years of OCF) 3.2 yrs 3.8 yrs
45th		 3.2 yrs
Liabilities / assets 78.8% 68.0%
75th		 56.7%
IS credit model rating BBB — —
Implied credit spread (bps) 275 225
58th		 200

Efficiency

MeasureUPSIndustry medianIndustry percentileSector median
Asset turnover 1.26 1.26
50th		 0.75
Fixed asset turnover 2.15 3.85
18th		 5.14
Inventory turnover —
Receivables turnover 8.5 6.4
83rd		 6.7
Days sales outstanding 43 days 57 days
17th		 54 days
Days inventory outstanding —
Days payables outstanding 29 days 36 days
42nd		 41 days
Cash conversion cycle (days) 14 days 20 days
33rd		 63 days
Capex / revenue 3.8% 1.3%
67th		 3.0%
Capex / depreciation 0.88 0.68
83rd		 0.76
Operating expense ratio 9.2% 13.2%
25th		 17.7%

Cash flow & earnings quality

MeasureUPSIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.95 1.53
60th		 1.50
FCF / net income 1.20 1.15
60th		 1.15
FCF / operating cash flow 61.7% 73.1%
18th		 74.0%
Capex / operating cash flow 38.3% 26.9%
82nd		 26.1%
Accruals ratio -6.1% -3.4%
25th		 -4.0%
Sloan accruals ratio -8.2% -3.5%
8th		 -2.4%
Earnings quality score (0-1) 0.75 1.00
10th		 1.00

Dividends & buybacks

MeasureUPSIndustry medianIndustry percentileSector median
Dividend yield 6.7% 0.8%
100th		 0.6%
Dividend per share (TTM) $6.56 $0.50
100th		 $0.44
Payout ratio (dividends / net income) 118.4% 28.6%
100th		 22.5%
Dividends / FCF 98.6% 22.6%
100th		 19.6%
Dividend growth (YoY) -0.2% 2.7%
0th		 5.6%
Buyback yield 0.0% 1.1%
8th		 0.5%
Shareholder yield (dividends + buybacks) 7.4% 3.4%
92nd		 2.0%
Share count change (YoY) 0.5% -0.6%
73rd		 0.0%
Buybacks, last 5 years $3.5B $696.6M
75th		 $76.0M

Scores & forensic checks

MeasureUPSIndustry medianIndustry percentileSector median
IS score 44 50
33rd		 53
IS profitability 35 29
75th		 37
IS growth 27 49
9th		 54
IS value 50 37
75th		 47
IS momentum 58 70
18th		 76
IS risk (safety) 65 65
42nd		 80
IS quality 55 63
33rd		 67
IS balance sheet 38 51
25th		 56
IS earnings quality 76 72
75th		 70
IS cash flow 61 59
58th		 54
Piotroski F-score (0-9) 4 6
17th		 6
Altman Z-score 3.0 3.0
50th		 3.3
Beneish M-score −2.33 −2.50
82nd		 −2.52
Ohlson O-score −7.11 −7.18
58th		 −7.49
IS credit score 56 64
42nd		 65

Per share

MeasureUPSIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $5.37 $1.74
75th		 $2.21
Book value per share $17.71 $15.96
58th		 $18.38
Tangible book per share $6.32 $6.32
50th		 $4.39
Revenue per share $105.68 $90.68
58th		 $36.64
FCF per share $6.45 $3.88
75th		 $2.70
Operating cash flow per share $10.45 $4.40
83rd		 $4.28
Cash per share $5.47 $4.29
58th		 $3.02

Size (TTM)

MeasureUPSIndustry medianIndustry percentileSector median
Market cap $73.1B $5.8B
100th		 $3.9B
Revenue $89.9B $5.0B
92nd		 $2.7B
EBITDA $10.6B $463.1M
92nd		 $394.8M
Net income $4.6B $158.0M
100th		 $136.3M
Free cash flow $5.5B $421.4M
100th		 $162.9M
Total assets $71.3B $5.1B
92nd		 $3.5B
Shareholders' equity $15.1B $1.6B
92nd		 $1.4B
Employees 460,000 11,599
92nd		 6,050

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-09-01Ramos Wilfredo
Chief Intl, Healthcare and SCS
 Award / grant 5,413——10,256
2026-09-01Subramanian Bala
Chief Digital & Tech Officer
 Award / grant 29,223——29,223
2026-09-01Cesarone Nando
Chief Global Operations Off
 Award / grant 58,446——58,446
2026-09-01Ramos Wilfredo
Chief Intl, Healthcare and SCS
 — 4,144$95.89$397,3680
2026-09-01Ramos Wilfredo
Chief Intl, Healthcare and SCS
 — 17,293$116.74$2.0M0
2026-09-01Ramos Wilfredo
Chief Intl, Healthcare and SCS
 — 2,044$154.76$316,3290
2026-09-01Ramos Wilfredo
Chief Intl, Healthcare and SCS
 — 1,599$185.54$296,6780
2026-09-01Ramos Wilfredo
Chief Intl, Healthcare and SCS
 — 1,975——0
2026-09-01Ramos Wilfredo
Chief Intl, Healthcare and SCS
 — 4,843——0
2026-05-15Subramanian Bala
Chief Digital & Tech Officer
 Option exercise 3,086——25,589
2026-05-15Subramanian Bala
Chief Digital & Tech Officer
 Tax withholding 1,027$100.78$103,50124,562
2026-05-15Subramanian Bala
Chief Digital & Tech Officer
 Option exercise 3,086——9,260

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MaySep

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired23224,599—
Option exerciseAcquired720,674—
Option exerciseDisposed720,674—
Tax withholdingDisposed78,863$893,213
—Disposed831,898$3.0M
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 2 notices · 55,564 shares · $5.7M
FiledFilerShares proposedEst. proceeds
2026-05-15Kevin Maxwell Warsh30,550$3.0M
2026-01-28Brothers Norman M. Jr25,014$2.7M
2025-02-28Lane Laura J660$78,349
2024-11-25Brothers Norman M. Jr7,325$1.0M
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 16 trades (7 purchases) · Senate 5 (5 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-25Ro KhannaHousePurchase$1,001 - $15,0002026-10-09
2026-09-11Ro KhannaHousePurchase$1,001 - $15,0002026-10-09
2026-09-04Ro KhannaHouseSale$1,001 - $15,0002026-10-09
2026-08-10Ro KhannaHouseSale$1,001 - $15,0002026-09-07
2026-03-27Alan ArmstrongSenatePurchase$1,001 - $15,0002026-07-21
2025-11-07Katie BrittSenatePurchase$1,001 - $15,0002026-01-26
2025-11-07Katie Boyd BrittSenatePurchase$1,001 - $15,0002026-01-26
2025-11-07Katie BrittSenatePurchase$1,001 - $15,0002026-01-25
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.54,929,329$5.9B7.33%
VANGUARD CAPITAL MANAGEMENT LLC48,739,036$5.2B6.50%
STATE STREET CORP33,864,263$3.6B4.52%
FMR LLC32,848,561$3.5B4.38%
Sixth Street Partners Management Company, L.P.24,697,958$2.7B3.30%
CHARLES SCHWAB INVESTMENT MANAGEMENT INC24,697,958$2.7B3.30%
GEODE CAPITAL MANAGEMENT, LLC17,861,160$1.9B2.38%
VICTORY CAPITAL MANAGEMENT INC14,251,075$1.5B1.90%
VANGUARD PORTFOLIO MANAGEMENT LLC13,889,226$1.5B1.85%
BANK OF AMERICA CORP /DE/10,795,270$1.2B1.44%
GOLDMAN SACHS GROUP INC8,841,037$950.4M1.18%
Capital World Investors8,019,194$862.1M1.07%
NORGES BANK8,018,679$862.0M1.07%
ROYAL BANK OF CANADA6,232,101$670.0M0.83%
UBS Group AG5,831,355$626.9M0.78%

Institutional ownership by quarter

2023-092026-0665.7%
% of shares held by 13F filers
2023-092026-062,148
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-302,14865.7%196898820135
2026-03-312,11659.2%183942756156
2025-12-312,12659.5%363724860141
2025-09-301,94955.5%149758850282
2025-06-302,12058.7%170881855234
2025-03-312,20959.4%191926845236
2024-12-312,29560.5%314789959146
2024-09-302,16962.1%157822941142
2024-06-302,18361.0%159850930161
2024-03-312,22460.4%152989844167
2023-12-312,26960.5%2507961,005152
2023-09-302,21159.6%134897908152

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-04-30SCHEDULE 13GVanguard Capital Management7.5%55,681,378
2026-03-27SCHEDULE 13G/AThe Vanguard Group0.0%0
2025-04-17SCHEDULE 13G/ABlackRock, Inc.6.1%44,732,830
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.10%$2.2B
VTSAX0.10%$2.2B
VSMPX0.10%$2.2B
VTI0.10%$2.2B
SCHD1.79%$2.0B
VFINX0.11%$1.8B

Share structure

Shares outstanding749,349,405
Float748,466,589
Free float99.9%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$97.2B$100.0B$90.7B$90.9B$88.6B
Cost of revenue$79.8B$80.0B$73.0B$73.8B$72.2B
Gross profit$17.4B$20.1B$17.7B$17.1B$16.4B
R&D$0$0$0$0$0
SG&A$4.3B$7.1B$8.3B$8.7B$8.3B
Operating income$13.1B$13.0B$9.4B$8.7B$8.5B
EBITDA$20.2B$18.7B$12.7B$11.9B$12.2B
Pretax income$16.6B$14.8B$8.6B$7.4B$7.2B
Income tax$3.7B$3.3B$1.9B$1.7B$1.6B
Net income$12.9B$11.5B$6.7B$5.8B$5.6B
EPS, diluted$14.68$13.20$7.80$6.76$6.56
Diluted shares878.0M871.0M860.0M856.0M850.0M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$10.6B$7.6B$6.0B$6.3B$5.9B
Receivables$12.5B$12.6B$11.2B$10.9B$11.2B
Inventory$717.0M$889.0M$935.0M$826.0M$0
Total current assets$24.9B$22.2B$19.4B$19.3B$19.0B
PP&E, net$37.0B$38.5B$41.3B$41.3B$42.0B
Goodwill & intangibles$6.2B$7.0B$8.2B$7.4B$9.9B
Total assets$69.4B$71.1B$70.9B$70.1B$73.1B
Accounts payable$7.5B$7.5B$6.3B$6.3B$6.6B
Total current liabilities$17.6B$18.1B$17.7B$16.4B$15.6B
Long-term debt$19.8B$17.3B$18.9B$19.4B$27.2B
Total liabilities$55.1B$51.3B$53.5B$53.3B$56.8B
Shareholders' equity$14.3B$19.8B$17.3B$16.7B$16.3B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$12.9B$11.5B$6.7B$5.8B$5.6B
Depreciation & amortization$3.0B$3.2B$3.4B$3.6B$3.7B
Stock-based compensation$878.0M$1.6B$220.0M$24.0M$73.0M
Change in working capital−$664.0M−$420.0M−$372.0M$256.0M−$930.0M
Operating cash flow$15.0B$14.1B$10.2B$10.1B$8.4B
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
Investing cash flow−$3.8B−$7.5B−$7.1B−$217.0M−$4.7B
Net debt issued / repaid−$2.8B−$2.3B$2.3B−$974.0M$2.1B
Buybacks−$500.0M−$3.5B−$2.2B−$500.0M−$1.0B
Dividends paid−$3.4B−$5.1B−$5.4B−$5.4B−$5.4B

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin21.3%21.1%19.2%18.0%18.1%
Operating margin13.5%13.0%10.4%9.6%8.9%
Net margin13.3%11.5%7.4%6.4%6.3%
FCF margin11.1%9.3%5.6%6.8%5.4%
ROE172.9%67.9%36.2%34.0%33.8%
ROIC34.9%28.3%19.4%18.8%14.4%
ROA19.6%16.4%9.4%8.2%7.8%
Debt / equity1.791.191.541.531.99
Interest coverage25.3x22.4x12.1x9.6x8.1x
Current ratio1.421.221.101.171.22
Revenue growth+15.1%+2.9%−9.3%+0.2%−2.5%
EPS growth+795.1%−9.6%−41.0%−13.8%−3.1%
P/E at year end12.1x11.3x18.0x17.5x15.2x
EV / EBITDA at year end8.5x7.8x11.1x10.1x9.3x
FCF yield at year end6.90%7.18%4.22%6.14%5.63%
Dividend payout26.7%44.3%80.1%93.4%96.9%

Revenue by segment

FY2025
U.S. Domestic Package$44.2B
International Package$14.5B
Supply Chain & Freight$5.9B

Revenue by region · FY2025

UNITED STATES$44.2B · 68%
International$14.5B · 22%
Supply Chain & Freight$5.9B · 9%

Street estimates by fiscal year

Next report 2026-10-27 · consensus EPS $1.63 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$91.6B$90.8B – $93.5B$7.18$6.93 – $7.271813.6x
2027$95.0B$93.2B – $97.7B$8.02$7.18 – $8.411912.2x
2028$98.3B$88.7B – $103.3B$8.61$6.84 – $9.34711.3x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-07-28$1.65$1.76+6.7%$21.9B$22.8B+4.3%
2026-04-28$1.02$1.07+4.9%$21.0B$21.2B+1.0%
2026-01-27$2.20$2.38+8.2%$24.0B$24.5B+2.0%
2025-10-28$1.29$1.74+34.9%$20.8B$21.4B+2.8%
2025-07-29$1.56$1.55−0.6%$20.9B$21.2B+1.8%
2025-04-29$1.38$1.49+8.0%$21.0B$21.5B+2.6%
2025-01-30$2.52$2.75+9.1%$25.4B$25.3B−0.4%
2024-10-24$1.63$1.76+8.0%$22.1B$22.2B+0.7%
2024-07-23$1.99$1.79−10.1%$22.2B$21.8B−1.8%
2024-04-23$1.29$1.43+10.9%$21.8B$21.7B−0.8%
2024-01-30$2.44$2.47+1.2%$25.4B$24.9B−2.1%
2023-10-26$1.52$1.57+3.3%$21.4B$21.1B−1.8%
2023-08-08$2.50$2.54+1.6%$23.1B$22.1B−4.5%
2023-04-25$2.21$2.20−0.5%$23.0B$22.9B−0.4%
2023-01-31$3.59$3.62+0.8%$28.1B$27.0B−3.7%
2022-10-25$2.84$2.99+5.3%$24.3B$24.2B−0.6%
2022-07-26$3.16$3.29+4.1%$24.6B$24.8B+0.5%
2022-04-26$2.88$3.05+5.9%$23.8B$24.4B+2.3%
2022-02-01$3.10$3.59+15.8%$27.1B$27.8B+2.6%
2021-10-26$2.55$2.71+6.3%$22.7B$23.2B+2.4%
2021-07-27$2.82$3.06+8.5%$22.7B$23.4B+3.4%
2021-04-27$1.67$2.77+65.9%$22.1B$22.9B+3.7%
2021-02-02$2.11$2.66+26.1%$18.8B$24.9B+32.1%
2020-10-28$1.90$2.28+20.0%$17.7B$21.2B+20.0%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.506-150.606-220.306-290.507-060.607-130.607-201.107-270.608-030.408-100.408-170.508-240.408-31
Week ofNotionalSharesTrades
2026-08-31$422.6M4,096,90396,226
2026-08-24$482.1M4,596,45696,223
2026-08-17$390.9M3,811,78789,674
2026-08-10$419.5M4,015,88596,837
2026-08-03$613.5M5,798,596116,009
2026-07-27$1.1B10,184,917177,731

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1555.1%
DateShort shareShort volumeTotal volume
2026-10-1555.1%1,343,0842,436,432
2026-10-1460.7%1,020,3871,679,911
2026-10-1356.5%721,8271,277,140
2026-10-1263.7%941,7481,479,136
2026-10-0963.9%1,049,6771,643,437
2026-10-0862.1%1,151,4711,855,459
2026-10-0742.7%1,012,1022,369,297
2026-10-0656.1%961,1291,713,606
2026-10-0567.8%1,516,0982,235,249
2026-10-0268.1%1,512,3612,221,561
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
-3.1Jan+0.1Feb+2.3Mar+0.5Apr-0.3May+0.5Jun+1.4Jul+1.1Aug-0.8Sep+1.2Oct+4.8Nov-0.9Dec
MonthAvg returnUp yearsYears
Jan−3.1%35%20
Feb+0.1%60%20
Mar+2.3%71%21
Apr+0.5%65%20
May−0.3%50%20
Jun+0.5%60%20
Jul+1.4%50%20
Aug+1.1%60%20
Sep−0.8%50%20
Oct+1.2%55%20
Nov+4.8%85%20
Dec−0.9%50%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1453.6
MFI71.0
ADX35.5
Stochastic %K / %D86.2 / 83.7
Williams %R-27.4
CCI189
TSI / signal-12.5 / -22.5
Chaikin money flow0.00
ATR$2.01
Bollinger width6.4%
Volume vs 20-day avg0.84x
SupertrendDown

Moving averages and bands

level (price vs level)
SMA 20$94.47 (+3.2%)
SMA 50$99.23 (−1.7%)
SMA 200$104.31 (−6.5%)
EMA 21$95.95 (+1.6%)
EMA 50$98.79 (−1.3%)
EMA 200$101.98 (−4.4%)
Bollinger upper$97.48 (+0.0%)
Bollinger lower$91.46 (+6.6%)
Parabolic SAR$93.18 (+4.6%)
Open the live chart, 110+ indicators

About United Parcel Service, Inc.

United Parcel Service, Inc., a package delivery and logistics provider, offers transportation and delivery services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery services for express letters, documents, packages and palletized freight through air and ground services. The International Package segment provides small package operations in Europe, the Middle East and Africa, Canada and Latin America, and Asia. The company offers a range of guaranteed day- and time-definite international transportation services; day-definite services; cross-border ground package delivery; contract-only, e-commerce solutions for non-urgent, and cross-border shipments; and international service for urgent and palletized shipments. It also provides international air and ocean freight forwarding, contract logistics, customs brokerage and insurance, mail services, healthcare logistics, distribution, and post-sales services. United Parcel Service, Inc. was founded in 1907 and is headquartered in Atlanta, Georgia.

https://www.ups.com

Key executives

NameTitlePayBorn
Carol TomeChief Executive Officer & Director$4.0M1957
Kathleen GutmannStrategic Advisor$1.9M1969
Nando CesaroneExecutive VP & Chief Global Operations Officer$1.9M1972
Brian DykesExecutive Vice President & Chief Financial Officer$1.7M1979
Bala SubramanianEVice President and Chief Digital & Technology Officer$1.6M1971
Darrell L. FordExecutive Vice President & Chief Human Resources Officer—1965
GuidoInvestor Relations Officer——
Harrison ParkManaging Director of UPS Korea——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Carol Tomé Chief Executive Officer2025$1.5M$17.6M$2.3M$22.9M
Kate Gutmann President International, Healthcare and Supply Chain Solutions2025$926,296$5.4M$814,004$8.4M
Nando Cesarone President U.S. and UPS Airline2025$926,296$5.4M$814,004$7.8M
Brian Dykes Chief Financial Officer2025$806,567$4.8M$719,115$7.0M
Bala Subramanian Chief Digital and Technology Officer2025$814,274$4.7M$707,463$6.8M

Employees

481k2018495k2019543k2020534k2021536k2022500k2023490k2024460k2025

Dividends

Ex-dateAmountPaid
2026-08-17$1.642026-09-03
2026-05-18$1.642026-06-04
2026-02-17$1.642026-03-05
2025-11-17$1.642025-12-04
2025-08-18$1.642025-09-04
2025-05-19$1.642025-06-05
2025-02-18$1.642025-03-06
2024-11-18$1.632024-12-05

Moat model

Weak · Efficient Scale · 2026-06-30
Cost advantage67
Intangibles36
Switching costs30
Network effect40
Efficient scale95
Our component scores (0-100) and overall 50.2; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms