United Parcel Service, Inc. — UPS

Close PriceMarket CapP/E RatioForward P/E RatioImplied Growth*Implied Forward Growth*DividendP/B Ratio
$85.20$72.21B12.79.76.5%3.7%$6.56
777.0%
4.6

Revenue & Net Income

Revenue & Net Income
  Date Revenue Net Income EPS Revenue Change Net Income Change EPS Change
0 2020-12-31 $84.6B $1.3B $1.65 N/A N/A N/A
1 2021-12-31 $97.3B $12.9B $14.75 15.0% 859.8% 793.9%
2 2022-12-31 $100.3B $11.5B $13.26 3.1% -10.4% -10.1%
3 2023-12-31 $91.0B $6.7B $7.81 -9.3% -41.9% -41.1%
4 2024-12-31 $91.1B $5.8B $6.76 0.1% -13.8% -13.4%
5 TTM 2025-03-31 $90.9B $5.9B $6.85 -0.2% 1.3% 1.3%
6 Average 1.7% 159.0% 146.1%

EPS

EPS

Forecasts

Revenue/Net Income Forecast EPS Forecast

Y/Y % Change

Revenue YoY Change EPS YoY Change
YoY Growth Rates

UPS Year-over-Year Growth

  2020 2021 2022 2023 2024 2025 2026 Average
Revenue Growth (%) 15.0% 3.1% -9.3% 0.1% -3.9% 0.6% 0.9%
Revenue Analysts (#) 0 0 0 0 0 9 9
EPS Growth (%) 859.8% -10.4% -41.9% -13.8% -4.3% 13.5% 133.8%
EPS Analysts (#) 0 0 0 0 0 11 11

Expenses

Revenue vs Expenses Expenses % of Revenue
Year Revenue ($) Cost of Revenue ($) Facilities / D&A ($)
2021 $97.3B $74.1B $3.0B
2022 $100.3B $76.1B $3.2B
2023 $91.0B $70.4B $3.4B
2024 $91.1B $71.1B $3.6B
TTM $90.3B $70.2B $3.7B
Year Revenue Change (%) Cost of Revenue Change (%) Facilities / D&A Change (%)
2022 3.14 2.81 7.96
2023 -9.35 -7.59 5.58
2024 0.12 1.07 7.22
TTM -0.83 -1.26 1.75
No unmapped expenses.

Segment Performance

SEGMENTS v2025-09-09 · 2025-09-05 15:08 UTC — Values are shown in a single scale for this table: $B. TTM values are bold. “% of Total (TTM)” shows revenue mix.
Segment 2022 Rev ($B) 2022 OI ($B) 2023 Rev ($B) 2023 OI ($B) 2024 Rev ($B) 2024 OI ($B) TTM Rev ($B) TTM OI ($B) % of Total (TTM)
Ground 47.5B 0.00B 45.0B 0.00B 45.3B 0.00B 44.9B 0.00B 50.0%
Export 15.3B 0.00B 14.0B 0.00B 14.1B 0.00B 14.3B 0.00B 16.0%
Next Day Air 10.7B 0.00B 9.89B 0.00B 9.70B 0.00B 9.72B 0.00B 10.8%
Logistic 5.35B 0.00B 5.93B 0.00B 6.44B 0.00B 6.33B 0.00B 7.1%
Deferred 5.97B 0.00B 5.09B 0.00B 4.76B 0.00B 4.48B 0.00B 5.0%
Domestic 3.35B 0.00B 3.14B 0.00B 3.19B 0.00B 3.32B 0.00B 3.7%
Forwarding 8.94B 0.00B 5.53B 0.00B 4.73B 0.00B 3.01B 0.00B 3.4%
Product And Service Other 1.74B 0.00B 1.46B 0.00B 1.57B 0.00B 1.74B 0.00B 1.9%
Cargo 1.01B 0.00B 0.68B 0.00B 0.63B 0.00B 1.37B 0.00B 1.5%
Cargo And Other 0.40B 0.00B 0.25B 0.00B 0.57B 0.00B 0.57B 0.00B 0.6%
SEGMENTS v2025-09-09 · 2025-09-05 15:08 UTC — Values are shown in a single scale for this table: $B. TTM values are bold. “% of Total (TTM)” shows revenue mix.
Segment 2022 Rev ($B) 2022 OI ($B) 2023 Rev ($B) 2023 OI ($B) 2024 Rev ($B) 2024 OI ($B) TTM Rev ($B) TTM OI ($B) % of Total (TTM)
U. S. Domestic Package 64.6B 0.00B 60.2B 0.00B 60.4B 0.00B 60.3B 0.00B 35.8%
U S Domestic Package 64.6B 0.00B 60.2B 0.00B 60.4B 0.00B 60.3B 0.00B 35.8%
International 19.7B 0.00B 17.8B 0.00B 18.0B 0.00B 18.3B -0.11B 10.9%
International Package 19.7B 0.00B 17.8B 0.00B 18.0B 0.00B 18.3B 0.00B 10.9%
Supply Chain Solutions 16.0B 0.00B 12.9B 0.00B 12.7B 0.00B 11.1B 0.00B 6.6%

Balance Sheet

Balance Sheet
  Metric Value
0 Total Assets $68,466M
1 Cash $4,802M
2 Total Liabilities $52,782M
3 Total Debt $25,594M
4 Total Equity $15,660M
5 Debt to Equity Ratio 1.63

EPS & Dividend

EPS & Dividend

Valuation

Valuation
Share Price Treasury Yield Estimates Fair Value (P/E) Fair Value (P/S) Current P/S Current P/E
$99.27 4.4% Nicks Growth: 5%
Nick's Expected Margin: 8%
FINVIZ Growth: 4%
Nicks: 11
Finviz: 9
Nick's: 0.851 0.9 14.5
Basis Year Nicks Valuation Nicks vs Share Price Finviz Valuation Finviz vs Share Price
$6.85 EPS TTM $72.90 -26.6% $63.63 -35.9%
$7.08 EPS 2025 $75.35 -24.1% $65.76 -33.8%
$8.06 EPS 2026 $85.78 -13.6% $74.87 -24.6%

Implied Growth

Implied Growth
Average Median Std Dev Current Percentile
TTM Forward TTM Forward TTM Forward TTM Forward TTM Forward
Timeframe
1 Year 7.57% 4.90% 7.09% 4.34% 0.79% 0.86% 6.58% 3.76% 6.9% 1.7%
3 Years 7.57% 4.90% 7.09% 4.34% 0.79% 0.86% 6.58% 3.76% 6.9% 1.7%
5 Years 7.57% 4.90% 7.09% 4.34% 0.79% 0.86% 6.58% 3.76% 6.9% 1.7%
10 Years 7.57% 4.90% 7.09% 4.34% 0.79% 0.86% 6.58% 3.76% 6.9% 1.7%

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