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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $88.7B | $11.9B | $5.6B | $4.8B | 34.3% | -2.6% | -3.6% |
| 2024 | $91.1B | $11.9B | $5.8B | $6.2B | 34.6% | 0.1% | -13.8% |
| 2023 | $91.0B | $12.7B | $6.7B | $5.1B | 38.8% | -9.3% | -41.9% |
| 2022 | $100.3B | $18.7B | $11.5B | $9.3B | 58.4% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 100,338 | 90,958 | 91,070 | 88,661 |
| Cost Of Revenue | 79,324 | 73,720 | 74,714 | 72,631 |
| Gross Profit | 21,014 | 17,238 | 16,356 | 16,030 |
| Operating Expense | 7,920 | 8,097 | 7,888 | 8,163 |
| Operating Income | 13,094 | 9,141 | 8,468 | 7,867 |
| EBITDA | 18,717 | 12,726 | 11,917 | 11,927 |
| EBIT | 15,529 | 9,360 | 8,308 | 8,181 |
| Pretax Income | 14,825 | 8,573 | 7,442 | 7,164 |
| Tax Provision | 3,277 | 1,865 | 1,660 | 1,592 |
| Net Income | 11,548 | 6,708 | 5,782 | 5,572 |
| Net Income Common Stockholders | 11,548 | 6,708 | 5,782 | 5,572 |
| Total Expenses | 87,244 | 81,817 | 82,602 | 80,794 |
| Interest Expense | 704 | 787 | 866 | 1,017 |
| Normalized EBITDA | 16,282 | 12,507 | 12,077 | 11,613 |
| Normalized Income | 9,651.14 | 6,536.64 | 5,906.32 | 5,327.71 |
| Market Cap | 90,931.99 | 90,931.99 | 90,931.99 | 90,931.99 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| United Parcel Service, Inc.this co. | UPS | $90.9B | 16.32β discount | 5.60 | 34.3% | 9.53 |
| Howmet Aerospace Inc. | HWM | $98.0B | 64.46 | 18.16 | 28.2% | 43.83 |
| FedEx Corporation | FDX | $94.3B | 22.62 | 3.30 | 14.6% | 11.86 |
| Quanta Services, Inc. | PWR | $93.0B | 91.17 | 10.49 | 11.5% | 38.94 |
| Johnson Controls International plc | JCI |
| $92.7B |
| 26.39 |
| 6.72 |
| 25.5% |
| 31.48 |
| Waste Management, Inc. | WM | $92.5B | 34.19 | 9.27 | 27.1% | 16.01 |
| Cummins Inc. | CMI | $91.1B | 32.13 | 7.40 | 23.0% | 17.90 |
| CSX Corporation | CSX | $84.4B | 29.21 | 6.41 | 22.0% | 16.38 |
| General Dynamics Corporation | GD | $84.2B | 20.15 | 3.31 | 16.4% | 14.35 |
| Peer Median | - | 30.67 | 7.06 | 22.5% | 17.14 | |