UPS
SP100NYSEUnited Parcel Service, Inc.
Industrials · Integrated Freight & Logistics · United States
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.
www.ups.com ↗Shares trade at a moderate 17.9× trailing earnings, easing to 13.8× on forward estimates. Profitability shows a net margin of 5.9% and return on equity of 33.4%. Leverage is modest at 1.9× net debt/EBITDA. Revenue grew -1.6% year-on-year. It yields 5.9% in dividends. The mean analyst target of USD113.60 sits 2.7% above the current price (Buy, 25 analysts).
business model
United Parcel Service is a global package delivery and logistics company moving parcels and freight for businesses and consumers. It earns revenue from time-definite and deferred package delivery, international express, and supply-chain and freight-forwarding services, leveraging an integrated air and ground network.
revenue segments
Three segments: US Domestic Package (its largest, ground and air parcel delivery within the US), International Package (export and domestic delivery outside the US), and Supply Chain Solutions (freight forwarding, logistics, healthcare distribution, and related services).
key dependencies
Depends on e-commerce and B2B shipment volumes, package pricing and mix, fuel costs, its unionized workforce (Teamsters contract), key customer relationships (including Amazon volume decisions), and network automation and capacity investments.
competitors
Competes with FedEx, the US Postal Service, DHL (internationally), regional carriers, and increasingly with Amazon's in-house logistics network.
moat
A dense, integrated global delivery network with high barriers to replicate, brand and reliability reputation, scale efficiencies, and long-standing enterprise shipping relationships.
risks
Volume and pricing pressure from soft e-commerce cycles and deliberate reduction of low-margin Amazon volume, high labor costs under Teamsters contracts, fuel and cost inflation, competitive and capacity dynamics, and macro-driven shipping demand swings.
Financials & metrics
as of 26 Aug 2026Price is around the middle of its range. Green = nearer the yearly low, red = nearer the high — a position indicator, not a buy/sell signal.
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Full financial statements
Income statement
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total revenue | $88.66B | $91.07B | $90.96B | $100.34B | — |
| Cost of revenue | $72.63B | $74.71B | $73.72B | $79.32B | — |
| Gross profit | $16.03B | $16.36B | $17.24B | $21.01B | — |
| Operating expense | $8.16B | $7.89B | $8.10B | $7.92B | — |
| Operating income | $7.87B | $8.47B | $9.14B | $13.09B | — |
| Interest expense | $1.02B | $866.00M | $787.00M | $704.00M | — |
| Pretax income | $7.16B | $7.44B | $8.57B | $14.82B | — |
| Tax provision | $1.59B | $1.66B | $1.86B | $3.28B | — |
| Net income | $5.57B | $5.78B | $6.71B | $11.55B | — |
| EBITDA | $11.93B | $11.92B | $12.73B | $18.72B | — |
| Diluted EPS | $6.56 | $6.75 | $7.80 | $13.20 | — |
Balance sheet
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | $73.09B | $70.07B | $70.86B | $71.12B | — |
| Current assets | $19.05B | $19.31B | $19.41B | $22.22B | — |
| Cash & equivalents | $5.89B | $6.11B | $3.17B | $5.60B | — |
| Inventory | $739.00M | $826.00M | $935.00M | $889.00M | — |
| Total liabilities | $56.84B | $53.33B | $53.54B | $51.32B | — |
| Current liabilities | $15.62B | $16.44B | $17.68B | $18.14B | — |
| Total debt | $28.59B | $25.65B | $26.73B | $23.52B | — |
| Long-term debt | $23.52B | $19.45B | $18.92B | $17.32B | — |
| Shareholders' equity | $16.23B | $16.72B | $17.31B | $19.79B | — |
| Retained earnings | $20.15B | $20.88B | $21.05B | $21.33B | — |
| Working capital | $3.42B | $2.87B | $1.74B | $4.08B | — |
Cash flow
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | $8.45B | $10.12B | $10.24B | $14.10B | — |
| Investing cash flow | -$4.74B | -$217.00M | -$7.13B | -$7.47B | — |
| Financing cash flow | -$4.14B | -$6.85B | -$5.53B | -$11.19B | — |
| Capital expenditure | -$3.69B | -$3.91B | -$5.16B | -$4.77B | — |
| Free cash flow | $4.76B | $6.21B | $5.08B | $9.34B | — |
| Dividends paid | -$5.40B | -$5.40B | -$5.37B | -$5.11B | — |
| Share buybacks | -$1.00B | -$500.00M | -$2.25B | -$3.50B | — |
| End cash position | $5.89B | $6.11B | $3.21B | $5.60B | — |
Reported figures from public filings via Yahoo Finance. Line coverage varies by company. Not investment advice.
Dividends
Analyst assessment
as of 26 Aug 2026Aggregate consensus only. Named per-analyst targets require a premium source and are not shown; the data model is ready to hold them if one is added.
Technicals
as of 26 Aug 2026News
Sector peers
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