United Parcel Service, Inc.UPS
NYSE•Industrials•Integrated Freight & Logistics
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.
United Parcel Service, Inc. (UPS) reported trailing twelve months revenue of $88.33B as of March 2026, a 2.7% decline year-over-year. Quarterly revenue reached $21.20B, reflecting a contraction in sales.
United Parcel Service, Inc. generated $5.25B in TTM net income, with quarterly EBITDA of $1.27B. The operating margin contracted from 7.7% to 6.0%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (6.0%) and net margin (4.1%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 5.5% a year ago, reflecting increased costs or interest expense.
UPS trades at a P/E of 15.4x (in line with broad market averages) and a P/S of 0.9x. The price-to-book ratio of 5.1x indicates a significant premium over book value.
The company generated $1.19B in free cash flow over the trailing twelve months, a 17.3% decrease year-over-year, indicating cash generation ability. The balance sheet shows $71.81B in total assets with no in long-term debt against $15.76B in stockholders equity. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~9.0% on average, but show some variability — pricing power may be sensitive to market conditions.
Consistently high ROE averaging 34.4% suggests a durable competitive advantage and efficient capital allocation.
7 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 21 quarters
Operating margins declined 10.0% — watch for continued compression, which may signal competitive or cost pressure.
FCF covers net income by 0.9x on average — earnings are well-supported by cash generation.
Debt-to-equity has risen 24.6% recently — increasing financial risk even if the current ratio is manageable.
Revenue has softened, declining in 5 quarters. Monitor for further erosion.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation