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UPS

United Parcel Service, Inc.

UPS

United Parcel Service, Inc. • NYSE
$95.79 ▲ 0.13% (+0.12)
Market Cap $81.27 B
52w High $136.99
52w Low $82.00
Dividend Yield 6.56%
P/E 14.81
Volume 2.55M
Outstanding Shares 848.38M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $21.415B ▲ $1.682B ▼ $1.311B ▲ 6.122% ▲ $1.55 ▲ $2.824B ▼
Q2-2025 $21.221B ▼ $1.958B ▲ $1.283B ▲ 6.046% ▲ $1.51 ▲ $2.836B ▲
Q1-2025 $21.489B ▼ $1.948B ▼ $1.187B ▼ 5.524% ▼ $1.397 ▼ $2.656B ▼
Q4-2024 $25.243B ▲ $2.268B ▲ $1.721B ▲ 6.818% ▼ $2.015 ▲ $3.274B ▲
Q3-2024 $22.215B $1.683B $1.539B 6.928% $1.8 $3.044B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $6.764B ▲ $71.392B ▲ $55.544B ▲ $15.823B ▲
Q2-2025 $6.286B ▲ $70.923B ▲ $55.146B ▲ $15.75B ▲
Q1-2025 $5.065B ▼ $68.466B ▼ $52.782B ▼ $15.66B ▼
Q4-2024 $6.318B ▲ $70.07B ▲ $53.327B ▲ $16.718B ▼
Q3-2024 $6.06B $68.263B $51.379B $16.857B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.311B ▲ $2.482B ▲ $-456M ▲ $-1.428B ▼ $570M ▼ $1.512B ▲
Q2-2025 $1.283B ▲ $348M ▼ $-923M ▲ $1.794B ▲ $1.392B ▲ $-775M ▼
Q1-2025 $1.187B ▼ $2.318B ▼ $-1.355B ▼ $-2.313B ▼ $-1.31B ▼ $1.442B ▼
Q4-2024 $1.721B ▲ $3.315B ▲ $-1.057B ▼ $-1.847B ▲ $257M ▲ $2.217B ▲
Q3-2024 $1.539B $1.498B $187M $-2.236B $-474M $655M

Revenue by Products

Product Q3-2017Q4-2017Q2-2025Q3-2025
International Package
International Package
 $3.36Bn ▲$3.75Bn ▲$4.49Bn ▲$4.67Bn ▲
Supply Chain Freight
Supply Chain Freight
 $2.96Bn ▲$3.24Bn ▲$2.65Bn ▼$2.52Bn ▼
US Domestic Package
US Domestic Package
 $9.65Bn ▲$11.84Bn ▲$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement UPS’s sales have leveled off after the pandemic-era surge, holding at a high but not growing pace over the last few years. The bigger story is profit pressure: operating and net income have come down noticeably from their peak, even though revenue hasn’t fallen by nearly as much. That suggests rising costs, weaker pricing power, or a less favorable mix of business. The company is still clearly profitable and generates solid earnings per share, but margins are thinner than they were at the height of the e‑commerce boom, pointing to a more normal, less “supercharged” environment.

Balance Sheet

Balance Sheet UPS’s balance sheet looks fairly steady and mature. Total assets have been stable, with only modest movement year to year. Debt is significant but not extreme for a capital‑intensive logistics business, and it has edged down from its earlier peak. Equity has rebuilt strongly compared with a very thin cushion several years ago, which means the company now has a more solid capital base supporting its operations. Cash balances move up and down but remain healthy, giving UPS flexibility to manage investments, debt, and shareholder returns without appearing stretched.

Cash Flow

Cash Flow Cash generation is a clear strength. UPS has consistently produced strong cash from operations each year, even as accounting profits have come down from their highs. After funding its investment in vehicles, hubs, and technology, the company still ends up with solid free cash flow. Capital spending has been sizeable but manageable, reflecting ongoing investment in the network and automation rather than emergency catch‑up. Overall, the cash flow profile supports the view of a durable, cash‑rich business, though it is tied closely to economic and shipping cycles.

Competitive Edge

Competitive Edge UPS remains one of the global leaders in parcel and freight logistics, backed by a vast integrated network, a trusted brand, and long‑standing customer relationships. Its scale in ground delivery in the U.S., combined with air and international capabilities, creates high barriers for newcomers and makes it a key partner for large retailers and industrial customers. At the same time, competition is intense: FedEx, DHL, national postal services, and in‑house networks like Amazon’s all push on pricing and service. Labor costs, service reliability, and e‑commerce volumes are key battlegrounds. UPS’s diversified service mix in package delivery, freight, and supply chain solutions helps smooth some of these pressures, but the company operates in a structurally competitive, cyclical industry.

Innovation and R&D

Innovation and R&D UPS leans heavily on technology to defend and extend its moat. Route optimization tools like ORION, sensor‑enabled “smart packages,” and highly automated sorting facilities aim to squeeze more efficiency from each mile driven and each package handled. Robotics, digital twins of its network, and data‑rich customer platforms are meant to make operations faster, more reliable, and more predictable. On top of that, UPS is exploring drones, advanced warehouse automation, and generative AI to improve planning and customer service. These efforts do not eliminate industry pressures, but they help UPS keep its cost base competitive, differentiate service quality, and open new higher‑value niches such as healthcare logistics and end‑to‑end supply chain management.

Summary

UPS looks like a mature logistics leader transitioning from an extraordinary pandemic period back to a more normal environment. Revenues remain high but no longer surge, while profits have slipped from prior peaks as costs and competitive pressures bite into margins. Even so, the company maintains a solid balance sheet and robust cash generation, giving it room to keep investing in its network and technology. Its scale, global reach, and brand create a durable competitive position, but it still faces meaningful risks from economic cycles, labor and fuel costs, and aggressive rivals, including in‑house e‑commerce delivery networks. Ongoing investment in automation, data, and specialized services—especially in areas like healthcare and supply chain management—represents a key lever for UPS to sustain its role as a core player in global logistics over the long term.

NEWS

November 6, 2025 · 4:15 PM UTC

UPS Announces Quarterly Dividend

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November 3, 2025 · 7:30 AM UTC

UPS Acquires Andlauer Healthcare Group for $1.6 Billion, Accelerating Its Expansion as a Global Leader in Complex Healthcare Logistics

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October 28, 2025 · 6:00 AM UTC

UPS Releases 3Q 2025 Earnings

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October 14, 2025 · 4:15 PM UTC

UPS To Release Third-Quarter 2025 Results On Tuesday, October 28, 2025

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October 13, 2025 · 6:00 AM UTC

Solidion Technology Unveils Advanced UPS Battery System Tailored for AI Data Centers

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