# United Parcel Service, Inc. Class B (UPS) — Stock CV

United Parcel Service, Inc. 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.

> 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.

## Identity

- **Ticker**: UPS
- **Sector**: Industrials
- **Industry**: Trucking & Courier Services (No Air)
- **Headquarters**: ATLANTA, GA
- **Employees**: 460 000
- **Website**: https://www.ups.com
- **Market cap**: $80.6B
- **Last price**: $94.74
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $89.9B
- **Net income**: $4.57B
- **Free cash flow**: $5.46B
- **Net debt**: $18.2B
- **P/E**: 17.6
- **Revenue growth (YoY)**: -0.4%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 75 |
| Growth | 50 |
| Profitability | 63 |
| Health | 42 |
| Quality | 90 |
| Moat | 55 |

## Qualifications (beginner checklist) — 8 of 11 passed

- [ ] Revenue growing — -0.4% YoY
- [x] Profitable — $4.57B TTM
- [ ] Profit growing — -20.8% YoY
- [x] Generates cash — $5.46B TTM
- [x] Debt under control — ~3.3y of cash flow to repay
- [x] Established company — $80.6B market cap
- [x] Not printing shares — -2.6% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — health score 30/100
- [x] Pays a dividend — yield 6.72%
- [x] Valuation not extreme — P/E 17.6

## Experience (career milestones)

- **Sep 17, 2025** — Although the deal was expected to close in the first half of 2025, UPS terminated the planned acquisition on…
- **FY2022** — Revenue crossed $100B: $100B for the year
- **FY2021** — Best year on record: $12.9B net income
- **2019** — UPS launched a partnership with autonomous trucking startup TuSimple to carry cargo across Phoenix, Arizona
- **FY2018** — Positive free cash flow every year since: 8-year streak
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $50B: $60.9B in first reported year
- **Aug 5, 2005** — UPS announced that it had completed its acquisition of less-than-truckload (LTL) trucking company…
- **2004** — UPS entered the heavy freight business with the purchase of Menlo Worldwide Forwarding, a former subsidiary…
- **2001** — UPS acquired Mail Boxes Etc., Inc., a franchised network of packing and shipping retail centers across the…
- **1992** — Following this in 1992, UPS acquired both Haulfast and Carryfast and rebranded them into UPS Supply Chain Solutions
- **1988** — UPS Airlines was launched with authorization from the Federal Aviation Administration and became the…
- **1919** — The company expanded for the first time outside of Seattle to Oakland, California
- **1913** — The company acquired a Ford Model T as its first delivery vehicle
- **1907** — United Parcel Service, Inc. (UPS) is an American multinational shipping-and-receiving and supply chain management…

## 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

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $97.3B | $12.9B | $10.8B |
| FY2022 | $100B | $11.5B | $9.34B |
| FY2023 | $91.0B | $6.71B | $5.08B |
| FY2024 | $91.1B | $5.78B | $6.21B |
| FY2025 | $88.7B | $5.57B | $4.76B |

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Source: https://stockcv.com/UPS — derived from company filings; may be delayed or incomplete. Information, not investment advice.