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Global package delivery company moving parcels and freight for businesses and consumers, plus supply-chain logistics services.
Global package delivery company moving parcels and freight for businesses and consumers, plus supply-chain logistics services.
Charges per package, with US ground delivery the main earner and a Teamsters-represented workforce a key cost. It is deliberately shrinking low-margin volume for Amazon, its largest customer, to emphasise small businesses, healthcare and international shipments. Supply-chain and freight services earn separately under contracts.
Moat: wide (scale, distribution, installed base). Dense, hard-to-replicate ground/air delivery network built over a century gives cost and coverage advantages.
Headquarters: Atlanta, Georgia, US · Founded: 1907 · Employees: 460,000
Size United Parcel Service (UPS) is a United States Industrials company (Air Freight/Couriers) with a market value of $92.1B, the 139th largest of 3,117 United States companies the cockpit tracks. Shares closed at $108.30 on 6 Nov 2026.
Performance Over six months the shares gained 9.3%, against +0.6% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 8 in its peer set.
Growth Revenue fell 0.2% over the last twelve months (peer median +10.5%); the operating margin is 9.3% (peer median 7.8%).
Valuation It trades at 13.6× forward earnings against a peer median of 15.9× (3rd cheapest of 8).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is +3 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 8.3 points above its cost of capital (8.6% WACC).
Credit United Parcel Service has 28 bonds outstanding ($22.2B), rated A by the agencies and trading like A+ at a weighted spread of 68 bp.
Short interest Short interest is 3.5% of the free float (15 Oct 2026).
Next results Next results expected around 2 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $90.0B | $88.6B | $90.9B | $90.7B | $100B |
| Revenue growth | — | -2% | 0% | -9% | — |
| Gross profit | $16.5B | $16.4B | $17.1B | $17.7B | $20.1B |
| EBITDA | $12.2B | $12.2B | $12.3B | $12.7B | $16.2B |
| Net income | $4.57B | $5.57B | $5.78B | $6.71B | $11.5B |
| Free cash flow | $5.46B | $4.76B | $6.21B | $5.08B | $9.34B |
| Capital expenditure | $3.41B | $3.69B | $3.91B | $5.16B | $4.77B |
| Total debt | $28.7B | $28.6B | $25.7B | $26.7B | $23.5B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| United Parcel Service UPS | $92.1B | +9% | 0% | 9% | 13.6× | 3.9% |
| FedEx FDX | $72.2B | +1% | +8% | 7% | 15.4× | 8.3% |
| Deutsche Post DHL.DE | $72.8B | +21% | +1% | 8% | 16.0× | 3.3% |
| Amazon AMZN | $2.80T | -5% | +15% | 13% | 26.3× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | UPS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +15.1% | +5.6% | 2nd highest of 8 |
| 6-month return | +9.3% | +0.6% | 3rd highest of 8 |
| Distance from 52-week high | -8.8% | -16.5% | 2nd highest of 8 |
| Revenue growth (TTM) | -0.2% | +10.5% | lowest of 8 |
| Operating margin | 9.3% | 7.8% | 3rd highest of 8 |
| Forward P/E | 13.6× | 15.9× | 3rd cheapest of 8 |
| Growth the price implies (Req g, 7 yrs) | 3.9% | 3.9% | 4th least demanding of 8 |
| Growth delivered (Del g) | +1.0% | +4.4% | 2nd lowest of 8 |
| Hurdle (Req g minus delivered) | +2.9 pp | -1.1 pp | 4th most demanding of 8 |
| ROIC minus cost of capital | +8.3 pp | +2.8 pp | 4th highest of 8 |
| EV / EBITDA | 9.5× | 12.6× | 3rd cheapest of 6 |
| Net debt / EBITDA | 2.0× | 2.1× | 2nd least indebted of 6 |
| Bond spread | 68 bp | 93 bp | 2nd tightest of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| United Parcel Service UPS | United States | $92.1B | +9% | 0% | 9% | 13.6× | 3.9% | +1.0% |
| Deutsche Post DHL.DE | Germany | $72.8B | +21% | +1% | 8% | 16.0× | 3.3% | +4.4% |
| FedEx FDX | United States | $72.2B | +1% | +8% | 7% | 15.4× | 8.3% | +2.5% |
| Dsv A/s DSV.CO | Denmark | $51.5B | -3% | +37% | 8% | 23.5× | 3.9% | +16.3% |
| Poste Italiane PST.MI | Italy | $43.9B | +1% | +11% | 14% | 13.5× | 17.6% | -6.8% |
| Expeditors International EXPD | United States | $24.0B | +18% | +19% | 10% | 21.1× | 8.9% | +2.9% |
| S.F 6936.HK | Hong Kong | $23.9B | -12% | +11% | 5% | 12.5× | -11.4% | +14.1% |
| S.F 002352.SZ | China | $23.9B | -7% | +6% | 5% | 15.9× | -12.9% | +14.9% |
United Parcel Service has 28 bonds outstanding with $22.2B face value. The agencies rate it A; its bonds trade like A+. Weighted yield 5.54%, a spread of 68 bp over government bonds.