Stock Analysis on Net

United Parcel Service Inc. (NYSE:UPS)

Analysis of Profitability Ratios
Quarterly Data

Microsoft Excel

Profitability Ratios (Summary)

United Parcel Service Inc., profitability ratios (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Return on Sales
Operating profit margin 9.30% 8.84% 8.24% 9.15% 10.05% 10.59% 12.09% 12.52% 13.05% 13.64% 13.56% 13.46% 13.17% 11.60% 11.27% 10.48% 9.08%
Net profit margin 6.35% 6.25% 5.87% 6.60% 7.37% 9.19% 10.41% 10.90% 11.51% 11.07% 10.92% 10.90% 13.25% 6.83% 6.57% 5.78% 1.59%
Return on Investment
Return on equity (ROE) 34.59% 33.61% 30.85% 35.05% 38.76% 44.64% 50.02% 53.80% 58.36% 65.94% 67.12% 69.80% 90.44% 53.57% 56.25% 72.34% 204.41%
Return on assets (ROA) 8.25% 8.30% 7.57% 8.76% 9.47% 12.17% 14.23% 14.93% 16.24% 16.09% 15.60% 15.35% 18.57% 9.81% 9.37% 8.17% 2.15%

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. United Parcel Service Inc. operating profit margin ratio improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. United Parcel Service Inc. net profit margin ratio improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. United Parcel Service Inc. ROE improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
ROA A profitability ratio calculated as net income divided by total assets. United Parcel Service Inc. ROA improved from Q2 2024 to Q3 2024 but then slightly deteriorated from Q3 2024 to Q4 2024.

Operating Profit Margin

United Parcel Service Inc., operating profit margin calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Selected Financial Data (US$ in millions)
Operating profit 2,926 1,985 1,944 1,613 2,477 1,343 2,780 2,541 3,195 3,113 3,535 3,251 3,891 2,896 3,258 2,765 2,037 2,363 2,212 1,072
Revenue 25,301 22,245 21,818 21,706 24,917 21,061 22,055 22,925 27,033 24,161 24,766 24,378 27,771 23,184 23,424 22,908 24,896 21,238 20,459 18,035
Profitability Ratio
Operating profit margin1 9.30% 8.84% 8.24% 9.15% 10.05% 10.59% 12.09% 12.52% 13.05% 13.64% 13.56% 13.46% 13.17% 11.60% 11.27% 10.48% 9.08%
Benchmarks
Operating Profit Margin, Competitors2
FedEx Corp. 6.34% 6.29% 6.03% 5.88% 5.45% 5.76% 5.97% 6.37% 6.68% 6.67% 6.47% 6.54% 6.98% 5.76% 5.27% 4.24% 3.49% 4.68% 5.43% 6.27%
Uber Technologies Inc. 6.36% 6.39% 5.03% 4.00% 2.98% 0.88% -1.64% -4.76% -5.75% -7.71% -9.07% -13.04% -21.97% -28.04% -36.73% -47.47% -43.66%
Union Pacific Corp. 40.05% 39.51% 38.76% 38.02% 37.65% 37.64% 38.53% 39.22% 39.87% 40.71% 41.59% 42.90% 42.83% 41.98% 41.35% 39.80% 40.11%
United Airlines Holdings Inc. 8.93% 8.20% 8.56% 7.94% 7.84% 8.74% 8.47% 7.52% 5.20% 1.35% 0.37% -3.51% -4.15% -13.85% -37.01% -63.87% -41.41%

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Operating profit margin = 100 × (Operating profitQ4 2024 + Operating profitQ3 2024 + Operating profitQ2 2024 + Operating profitQ1 2024) ÷ (RevenueQ4 2024 + RevenueQ3 2024 + RevenueQ2 2024 + RevenueQ1 2024)
= 100 × (2,926 + 1,985 + 1,944 + 1,613) ÷ (25,301 + 22,245 + 21,818 + 21,706) = 9.30%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. United Parcel Service Inc. operating profit margin ratio improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Net Profit Margin

United Parcel Service Inc., net profit margin calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Selected Financial Data (US$ in millions)
Net income 1,721 1,539 1,409 1,113 1,605 1,127 2,081 1,895 3,453 2,584 2,849 2,662 3,093 2,329 2,676 4,792 (3,347) 1,957 1,768 965
Revenue 25,301 22,245 21,818 21,706 24,917 21,061 22,055 22,925 27,033 24,161 24,766 24,378 27,771 23,184 23,424 22,908 24,896 21,238 20,459 18,035
Profitability Ratio
Net profit margin1 6.35% 6.25% 5.87% 6.60% 7.37% 9.19% 10.41% 10.90% 11.51% 11.07% 10.92% 10.90% 13.25% 6.83% 6.57% 5.78% 1.59%
Benchmarks
Net Profit Margin, Competitors2
FedEx Corp. 4.94% 5.02% 4.87% 4.71% 4.41% 3.23% 3.54% 3.79% 4.09% 5.60% 5.49% 5.88% 6.23% 3.85% 3.28% 2.50% 1.86% -0.50% 0.11% 0.65%
Uber Technologies Inc. 22.41% 10.49% 5.02% 3.60% 5.06% 2.93% -1.07% -9.95% -28.68% -30.45% -39.39% -29.52% -2.84% -15.87% -7.97% -36.50% -60.76%
Union Pacific Corp. 27.82% 27.33% 26.90% 26.52% 26.45% 26.37% 27.18% 27.91% 28.13% 28.95% 29.23% 30.06% 29.92% 29.19% 28.60% 27.02% 27.38%
United Airlines Holdings Inc. 5.52% 4.94% 5.28% 4.90% 4.87% 5.45% 5.24% 3.93% 1.64% -1.85% -3.43% -6.85% -7.97% -16.19% -37.89% -63.43% -46.04%

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Net profit margin = 100 × (Net incomeQ4 2024 + Net incomeQ3 2024 + Net incomeQ2 2024 + Net incomeQ1 2024) ÷ (RevenueQ4 2024 + RevenueQ3 2024 + RevenueQ2 2024 + RevenueQ1 2024)
= 100 × (1,721 + 1,539 + 1,409 + 1,113) ÷ (25,301 + 22,245 + 21,818 + 21,706) = 6.35%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. United Parcel Service Inc. net profit margin ratio improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Return on Equity (ROE)

United Parcel Service Inc., ROE calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Selected Financial Data (US$ in millions)
Net income 1,721 1,539 1,409 1,113 1,605 1,127 2,081 1,895 3,453 2,584 2,849 2,662 3,093 2,329 2,676 4,792 (3,347) 1,957 1,768 965
Equity for controlling interests 16,718 16,857 17,030 16,909 17,306 19,168 20,019 20,038 19,786 16,968 16,289 15,416 14,253 12,041 10,805 7,147 657 5,592 4,363 3,299
Profitability Ratio
ROE1 34.59% 33.61% 30.85% 35.05% 38.76% 44.64% 50.02% 53.80% 58.36% 65.94% 67.12% 69.80% 90.44% 53.57% 56.25% 72.34% 204.41%
Benchmarks
ROE, Competitors2
FedEx Corp. 15.70% 16.66% 16.02% 15.73% 15.23% 12.10% 13.82% 14.28% 15.34% 20.94% 19.71% 20.96% 21.64% 13.78% 11.65% 9.18% 7.03% -1.85% 0.40% 2.48%
Uber Technologies Inc. 45.72% 29.78% 16.28% 12.57% 16.77% 11.26% -4.31% -44.86% -124.54% -141.59% -151.07% -70.86% -3.43% -16.91% -7.20% -28.97% -55.18%
Union Pacific Corp. 39.95% 40.02% 39.38% 40.79% 43.14% 45.45% 51.02% 56.19% 57.54% 60.21% 53.89% 57.26% 46.06% 44.49% 41.12% 32.09% 31.54%
United Airlines Holdings Inc. 24.84% 24.17% 27.89% 29.26% 28.08% 32.32% 34.60% 28.79% 10.69% -15.35% -30.80% -54.75% -39.05% -59.20% -112.74% -129.12% -118.61%

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
ROE = 100 × (Net incomeQ4 2024 + Net incomeQ3 2024 + Net incomeQ2 2024 + Net incomeQ1 2024) ÷ Equity for controlling interests
= 100 × (1,721 + 1,539 + 1,409 + 1,113) ÷ 16,718 = 34.59%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. United Parcel Service Inc. ROE improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Return on Assets (ROA)

United Parcel Service Inc., ROA calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Selected Financial Data (US$ in millions)
Net income 1,721 1,539 1,409 1,113 1,605 1,127 2,081 1,895 3,453 2,584 2,849 2,662 3,093 2,329 2,676 4,792 (3,347) 1,957 1,768 965
Total assets 70,070 68,263 69,418 67,628 70,857 70,281 70,347 72,189 71,124 69,544 70,089 70,113 69,405 65,739 64,869 63,312 62,408 62,406 62,057 60,895
Profitability Ratio
ROA1 8.25% 8.30% 7.57% 8.76% 9.47% 12.17% 14.23% 14.93% 16.24% 16.09% 15.60% 15.35% 18.57% 9.81% 9.37% 8.17% 2.15%
Benchmarks
ROA, Competitors2
FedEx Corp. 4.98% 5.10% 4.87% 4.77% 4.56% 3.49% 3.89% 4.18% 4.45% 6.11% 5.84% 6.21% 6.32% 3.66% 3.02% 2.30% 1.75% -0.50% 0.11% 0.66%
Uber Technologies Inc. 19.23% 9.34% 4.84% 3.51% 4.88% 2.93% -1.09% -10.38% -28.47% -28.43% -32.45% -19.26% -1.28% -6.39% -2.82% -11.37% -20.35%
Union Pacific Corp. 9.96% 9.82% 9.58% 9.50% 9.50% 9.57% 10.19% 10.61% 10.69% 10.82% 10.63% 10.64% 10.27% 9.93% 9.48% 8.44% 8.57%
United Airlines Holdings Inc. 4.25% 3.81% 4.01% 3.74% 3.68% 3.91% 3.64% 2.73% 1.09% -1.09% -1.73% -2.87% -2.88% -4.64% -7.78% -10.90% -11.87%

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
ROA = 100 × (Net incomeQ4 2024 + Net incomeQ3 2024 + Net incomeQ2 2024 + Net incomeQ1 2024) ÷ Total assets
= 100 × (1,721 + 1,539 + 1,409 + 1,113) ÷ 70,070 = 8.25%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. United Parcel Service Inc. ROA improved from Q2 2024 to Q3 2024 but then slightly deteriorated from Q3 2024 to Q4 2024.