UPS Industrials

United Parcel Service, Inc.

$109.17-0.49%

Price as of close on Nov 3, 2026 · Financials updated Oct 10, 2026

Basics

Sector: Industrials
Industry: Integrated Freight & Logistics
Country: United States
Market cap: 92.9B USD
Enterprise value: 102.7B USD
Full-time employees: 460,000

Overall health

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.05 vs a peer median of 0.64), less short-term liquidity (current ratio 1.18 vs a peer median of 1.62) and more debt relative to equity (1.63× vs a peer median of 0.40×)higher risk: bigger price swings (beta 1.05 vs peers 0.64), less liquidity (current ratio 1.18 vs peers 1.62) and more debt vs equity (1.63× vs peers 0.40×)

Ranks #1,612 of 2,308 industrials companies (bottom 31%)

See how it ranks against its peers

Worth knowing

Returning more cash than it generates. Paid out $19.9B vs $16.1B of free cash flow over the 3 fiscal years to 2025.
United Parcel Service returned $19.9B to shareholders over three years, 124% of the free cash flow it produced. That gap has to be covered by cash reserves or new debt, which can't last indefinitely.
Sales growing faster than profits. Since 2022: revenue −12%, operating profit −40%.
Since 2022, United Parcel Service's revenue changed −12% while operating profit fell 40%: costs rose faster than sales.
Profit is backed by cash. Free cash flow is 119% of reported profit.
United Parcel Service's free cash flow is 119% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

StockQuotient Score

41/ 100

Oct 5 43 → Nov 4 41 (-2)

Valuation

Is the price right?

60/100

Moderate▼ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 61 → 60

Share price +2.9%-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ FCF yield
▲ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield4.9%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score 0.39Sector median: 0.0377 · MAD: 0.0294

EBITDA yield8.6%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score 0.39Sector median: 0.0695 · MAD: 0.0425

Free cash flow yield5.9%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score 0.59Sector median: 0.0370 · MAD: 0.0370

Other data (not scored)

Book yield16.2%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5027 · MAD: 0.2823

Growth

Is it growing?

24/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ EPS growth
▼ 3-yr revenue
▼ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-20.6%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.12Sector median: 0.0709 · MAD: 0.2481

3-year revenue growth-2.2%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score -1.03Sector median: 0.0421 · MAD: 0.0625

Revenue growth-0.4%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.63Sector median: 0.0439 · MAD: 0.0766

Profitability

Does it earn well?

69/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ ROA
▲ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin7.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.08Sector median: 0.0773 · MAD: 0.0507

Return on assets6.4%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.38Sector median: 0.0311 · MAD: 0.0241

Return on invested capital14.9%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.39Sector median: 0.0715 · MAD: 0.0558

Other data (not scored)

Gross margin22.4%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.2573 · MAD: 0.1038

Return on equity30.3%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0802 · MAD: 0.0639

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Debt / equity
▼ Beta
▼ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.05

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.46Sector median: 0.6440 · MAD: 0.2745

Current ratio1.18×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.82Sector median: 1.6180 · MAD: 0.5360

Debt / equity1.63×

SEC filings · latest balance sheetReported value33% base weight · Z-score -3.62Sector median: 0.4019 · MAD: 0.3378

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about United Parcel Service

Is United Parcel Service getting weaker?: Its latest SEC filing (Aug 5, 2026) showed no major changes. Its overall score is unchanged at 41/100 since Oct 28, 2026.
How is United Parcel Service valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 60/100 against 2,459 industrials peers. Free cash flow yield 5.9% vs a peer median of 3.7% (stronger than 67% of peers).Free cash flow yield 5.9% vs peers 3.7% (stronger than 67% of peers).
Is United Parcel Service growing?: More slowly than most of its peers. Growth scores 24/100 against 2,459 industrials peers. Earnings per share growth -20.6% vs a peer median of 7.1% (weaker than 76% of peers).Earnings per share growth -20.6% vs peers 7.1% (weaker than 76% of peers).
How profitable is United Parcel Service?: More profitable than most of its peers. Profitability scores 69/100 against 2,459 industrials peers. Return on assets 6.4% vs a peer median of 3.1% (stronger than 80% of peers).Return on assets 6.4% vs peers 3.1% (stronger than 80% of peers).
How risky is United Parcel Service?: Higher risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Debt / equity 1.63× vs a peer median of 0.40× (weaker than 88% of peers).Debt / equity 1.63× vs peers 0.40× (weaker than 88% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 5, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	88.3B USD	89.9B USD	+1.8%
Net income (12 months)	5.2B USD	4.6B USD	−12.9%
Operating margin	8.5%	7.3%	−1.1 pts
Free cash flow (12 months)	4.5B USD	5.5B USD	+20.8%
Debt	24.4B USD	24.5B USD	+0.4%
Cash	5.8B USD	4.7B USD	−19.8%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Industrials · 318 companies

Valuations in Industrials are near the top of their range since 2016.

85% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +20% and earnings +14% (medians): prices and earnings moved broadly together.
Median price-to-sales is −24% vs the whole market, against a usual −31%.

2016Shaded: most expensive fifth of its range2026

Shown for Industrials: too few Integrated Freight & Logistics companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	13.2%	13.0%	10.0%	9.3%	8.9%	▼ 0.4 pts
Net margin	13.2%	11.5%	7.4%	6.3%	6.3%	▼ 0.1 pts
Return on assets (ROA)	18.6%	16.2%	9.5%	8.3%	7.6%	▼ 0.6 pts
Return on equity (ROE)	90.4%	58.4%	38.8%	34.6%	34.3%	▼ 0.2 pts
Free cash flow margin	11.1%	9.3%	5.6%	6.8%	5.4%	▼ 1.4 pts
Current ratio	1.42×	1.22×	1.10×	1.17×	1.22×	▲ 3.8%
Quick ratio	1.38×	1.18×	1.05×	1.12×	1.17×	▲ 4.2%
Debt to equity	1.54×	0.99×	1.29×	1.27×	1.49×	▲ 17%
Interest coverage	18.46×	18.60×	11.64×	9.78×	7.74×	▼ 21%

UPS price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.05 vs a peer median of 0.64), less short-term liquidity (current ratio 1.18 vs a peer median of 1.62) and more debt relative to equity (1.63× vs a peer median of 0.40×)higher risk: bigger price swings (beta 1.05 vs peers 0.64), less liquidity (current ratio 1.18 vs peers 1.62) and more debt vs equity (1.63× vs peers 0.40×)

Ranks #1,612 of 2,308 industrials companies (bottom 31%)

See how it ranks against its peers

Worth knowing

Returning more cash than it generates. Paid out $19.9B vs $16.1B of free cash flow over the 3 fiscal years to 2025.

United Parcel Service returned $19.9B to shareholders over three years, 124% of the free cash flow it produced. That gap has to be covered by cash reserves or new debt, which can't last indefinitely.

Sales growing faster than profits. Since 2022: revenue −12%, operating profit −40%.

Since 2022, United Parcel Service's revenue changed −12% while operating profit fell 40%: costs rose faster than sales.

Profit is backed by cash. Free cash flow is 119% of reported profit.

United Parcel Service's free cash flow is 119% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

Questions investors ask about United Parcel Service

Is United Parcel Service getting weaker?

Its latest SEC filing (Aug 5, 2026) showed no major changes. Its overall score is unchanged at 41/100 since Oct 28, 2026.

How is United Parcel Service valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 60/100 against 2,459 industrials peers. Free cash flow yield 5.9% vs a peer median of 3.7% (stronger than 67% of peers).Free cash flow yield 5.9% vs peers 3.7% (stronger than 67% of peers).

Is United Parcel Service growing?

More slowly than most of its peers. Growth scores 24/100 against 2,459 industrials peers. Earnings per share growth -20.6% vs a peer median of 7.1% (weaker than 76% of peers).Earnings per share growth -20.6% vs peers 7.1% (weaker than 76% of peers).

How profitable is United Parcel Service?

More profitable than most of its peers. Profitability scores 69/100 against 2,459 industrials peers. Return on assets 6.4% vs a peer median of 3.1% (stronger than 80% of peers).Return on assets 6.4% vs peers 3.1% (stronger than 80% of peers).

How risky is United Parcel Service?

Higher risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Debt / equity 1.63× vs a peer median of 0.40× (weaker than 88% of peers).Debt / equity 1.63× vs peers 0.40× (weaker than 88% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

88.3B USD

89.9B USD

+1.8%

Net income (12 months)

5.2B USD

4.6B USD

−12.9%

Operating margin

8.5%

7.3%

−1.1 pts

Free cash flow (12 months)

4.5B USD

5.5B USD

+20.8%

Debt

24.4B USD

24.5B USD

+0.4%

Cash

5.8B USD

4.7B USD

−19.8%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

13.2%

13.0%

10.0%

9.3%

8.9%

▼ 0.4 pts

Net margin

13.2%

11.5%

7.4%

6.3%

▼ 0.1 pts

Return on assets (ROA)

18.6%

16.2%

9.5%

8.3%

7.6%

▼ 0.6 pts

Return on equity (ROE)

90.4%

58.4%

38.8%

34.6%

34.3%

▼ 0.2 pts

Free cash flow margin

11.1%

9.3%

5.6%

6.8%

5.4%

▼ 1.4 pts

Current ratio

1.42×

1.22×

1.10×

1.17×

1.22×

▲ 3.8%

Quick ratio

1.38×

1.18×

1.05×

1.12×

1.17×

▲ 4.2%

Debt to equity

1.54×

0.99×

1.29×

1.27×

1.49×

▲ 17%

Interest coverage

18.46×

18.60×

11.64×

9.78×

7.74×

▼ 21%