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UNITED PARCEL SERVICE INC UPS

NYSE · stock · Trucking & Courier Services (No Air) · website · IPO 1999-11-10 · LEI

UNITED PARCEL SERVICE INC statistics & valuation

Market cap$93.5B
P / E16.8×
P / S1.1×
P / B5.8×
P / FCF19.6×
Dividend yield5.77%
Net margin6.3%
Return on equity34.3%
FCF margin5.4%
Net debt$17.7B
Net debt / EBITDA1.5×
Enterprise value USD$111.2B
EV / EBITDA9.6×
Earnings yield EBIT/EV7.1%
Return on capital13.7%
Graham number -48.9%$53.13

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($53.13); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
5.60% 7.40% 6.70% 6.00% 1.60% 13.20% 11.50% 7.40% 6.30% 6.30% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
12.50% 11.30% 9.80% 10.50% 9.10% 13.20% 13.00% 10.00% 9.30% 8.90% 2016201720182019202020212022202320242025
Return on equity (%)
797.70% 479.00% 157.80% 135.20% 200.70% 90.30% 58.30% 38.70% 34.50% 34.30% 2016201720182019202020212022202320242025
Shares outstanding
887.0M 875.0M 870.0M 869.0M 871.0M 878.0M 875.0M 860.0M 856.0M 850.0M 2016201720182019202020212022202320242025
Net debt ($)
$12.08B $20.57B $18.12B $19.65B $18.56B $11.42B $13.83B $18.79B $14.92B $17.70B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
8.40% 10.80% 9.60% 7.70% 2.20% 18.60% 16.20% 9.50% 8.30% 7.60% 2016201720182019202020212022202320242025
Free cash flow margin (%)
5.70% -5.60% 8.90% 3.00% 6.00% 11.10% 9.30% 5.60% 6.80% 5.40% 2016201720182019202020212022202320242025
Debt / equity (×)
36.26× 23.33× 7.36× 7.58× 36.58× 1.52× 0.98× 1.27× 1.26× 1.45× 2016201720182019202020212022202320242025
EPS ($)
$3.86 $5.61 $5.51 $5.11 $1.54 $14.68 $13.20 $7.80 $6.75 $6.56 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

UNITED PARCEL SERVICE INC trades at about 15.8× earnings — below its 10-year norm (10-year range 13.8×–100.6×, median 19.1×).

13.8× 100.6×

Shaded band = 10-year range (13.8×–100.6×); dot = today's 15.8×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin8.9%9.3%10.0%13.0%13.2%9.1%10.5%9.8%11.3%12.5%
Net margin6.3%6.3%7.4%11.5%13.2%1.6%6.0%6.7%7.4%5.6%
FCF margin5.4%6.8%5.6%9.3%11.1%6.0%3.0%8.9%-5.6%5.7%
Return on assets7.6%8.3%9.5%16.2%18.6%2.2%7.7%9.6%10.8%8.4%
Return on equity34.3%34.5%38.7%58.3%90.3%200.7%135.2%157.8%479.0%797.7%
Debt / equity1.45×1.26×1.27×0.98×1.52×36.58×7.58×7.36×23.33×36.26×
Current ratio1.221.171.101.221.421.191.111.151.221.18

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.