As the world's largest parcel delivery company, UPS manages a massive fleet of more than 500 planes and 100,000 vehicles, along with many hundreds of sorting facilities, to deliver an average of about 22 million packages per day to residences and businesses across the globe.
It is a $80.6B industrial company. Revenue shrank 0.4% over the last year, it keeps 5¢ of every dollar of sales as profit, and its net debt equals ~3.3 years of free cash flow. It trades at 17.6× earnings — around the middle of its own history.
- Website
- ups.com
- Location
- Atlanta, GA
- Employees
- 460 000
- Sector
- Industrials
- Founded
- 1907
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong valuation and quality; Health lags behind.
Valuation75
- P/E vs own history67th pct · 5/25
- FCF yield6.8% · 20/25
- P/S0.9x · 25/25
- EV/EBITDA9.6x · 25/25
Growth50
- Revenue CAGR-2.3% · 0/25
- Net income CAGR-18.9% · 0/25
- EPS CAGR ~5Y33.6% · 25/25
- Fwd implied growth43.8% · 25/25
Profitability63
- ROIC16.2% · 20/25
- ROE29.1% · 25/25
- Net margin5.1% · 13/25
- Operating margin7.3% · 5/25
Health42
- Altman Zn/a · 0/25
- Current ratio1.18 · 12/25
- Interest coverage8.0x · 18/25
- Net cash / debtD/A 25% · 12/25
Quality90
- Piotroski F5/9 · 15/25
- Beneish M-2.67 · 25/25
- FCF conversion119% · 25/25
- Margin stabilityσ 2.3% · 25/25
Moat55
- ROIC >12% years10/10 yrs · 25/25
- Median gross margin10.7% · 0/25
- FCF-positive years9/10 yrs · 18/25
- Worst-year net marginworst 1.6% · 12/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- Sep 17, 2025AcquisitionAlthough the deal was expected to close in the first half of 2025, UPS terminated the planned acquisition on…
- FY2022FinancialRevenue crossed $100B$100B for the year
- FY2021FinancialBest year on record$12.9B net income
- 2019ProductUPS launched a partnership with autonomous trucking startup TuSimple to carry cargo across Phoenix, Arizona
- FY2018FinancialPositive free cash flow every year since8-year streak
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $50B$60.9B in first reported year
- Aug 5, 2005AcquisitionUPS announced that it had completed its acquisition of less-than-truckload (LTL) trucking company…
- 2004MilestoneUPS entered the heavy freight business with the purchase of Menlo Worldwide Forwarding, a former subsidiary…
- 2001AcquisitionUPS acquired Mail Boxes Etc., Inc., a franchised network of packing and shipping retail centers across the…
- 1992AcquisitionFollowing this in 1992, UPS acquired both Haulfast and Carryfast and rebranded them into UPS Supply Chain Solutions
- 1988ProductUPS Airlines was launched with authorization from the Federal Aviation Administration and became the…
- 1919MilestoneThe company expanded for the first time outside of Seattle to Oakland, California
- 1913AcquisitionThe company acquired a Ford Model T as its first delivery vehicle
- 1907FoundedUnited Parcel Service, Inc. (UPS) is an American multinational shipping-and-receiving and supply chain management…
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (81.9%)
- Interest covered 8.0× by operating earnings
- High returns on invested capital (ROIC 16.2%)
Watch-outs
- Revenue shrinking 0.4% year over year
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago-0.4% YoY
- Profitable — makes more than it spends$4.57B TTM
- Profit growing — earnings are higher than last year-20.8% YoY
- Generates cash — cash left after running and investing$5.46B TTM
- Debt under control — could handle its obligations~3.3y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$80.6B market cap
- Not printing shares — share count not ballooning — you keep your slice-2.6% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distresshealth score 30/100
- Pays a dividend — returns cash to shareholdersyield 6.72%
- Valuation not extreme — price not wildly above earningsP/E 17.6
Peer comparisonUnited Parcel Service, Inc. vs 6 largest industrials peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| UPS this company | $80.6B | 17.6 | -0.4% | 5.1% | Strained |
| LRCX Lam Research Corp | $399.2B | 54.9 | +26.0% | 31.3% | Strong |
| CAT Caterpillar Inc. | $368.0B | 33.9 | +18.4% | 14.5% | Solid |
| RTX RTX Corporation | $251.3B | 32.4 | +11.8% | 8.3% | Strained |
| DE Deere & Company | $167.7B | 34.4 | +8.3% | 10.2% | Solid |
| ETN Eaton Corporation, plc | $167.2B | 43.6 | +15.5% | 12.8% | Mixed |
| UNP Union Pacific Corp. | $166.8B | 22.6 | +4.2% | 28.8% | Strained |
Head-to-head: UPS vs LRCX · UPS vs CAT · UPS vs RTX
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/UPS
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of UPS on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $94.74 · market cap $80.6B.