PerpEquities

Equity · Industrials

Is United Parcel Service (UPS) tradable as a perp? Not yet

United Parcel Service provides package delivery and logistics, including domestic and international shipping, freight, and supply chain solutions.

Not yet listed on any perp exchange

No perpetual-futures venue lists UPS yet. We track it continuously; as soon as the first listing appears, this page becomes a full market page. Until then: fundamentals below and tradable alternatives.

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Company data

Company fundamentals

Updated 1h ago
Market cap
$84.1B
Updated 1h ago
Revenue
$89.9B
Trailing 12 months
Revenue growth
+3%
Next fiscal year
Profit margin
+5.1%
P/E
18.4
Peer P/E 30.1
Free cash flow
$5.5B
Trailing 12 months
More metrics
Net income
$4.6B
Trailing 12 months
P/S
0.9
Peer P/E
30.1
Similar listed perps
Revenue estimate
$91.4B
Next fiscal year
Earnings
2026-10-27
Revenue est. $22.1B · Updated 1h ago
Dividend
$1.64
2026-08-17

Fundamental detail

Annual + quarterly
Latest revenue$88.7B
Net margin+6.3%
Free cash flow$4.8B
Net debt$26.4B
2020$84.4B
2021$97.2B
2022$100B
2023$90.7B
2024$90.9B
2025$88.7B
PeriodRevenueGrowthNet incomeFCF
2020$84.4B+14%$1.3B$5B
2021$97.2B+15%$12.9B$10.8B
2022$100B+3%$11.5B$9.3B
2023$90.7B-9%$6.7B$5.1B
2024$90.9B0%$5.8B$6.2B
2025$88.7B-2%$5.6B$4.8B
PeriodGross marginOperating marginNet marginROEROA
2020+25.8%+9.3%+1.6%+204.4%+2.2%
2021+17.9%+13.5%+13.3%+90.4%+18.6%
2022+20.1%+13.0%+11.5%+58.4%+16.2%
2023+19.5%+10.3%+7.4%+38.8%+9.5%
2024+18.8%+9.6%+6.4%+34.6%+8.3%
2025+18.1%+8.9%+6.3%+34.3%+7.6%
PeriodCashDebtNet debtCurrent ratio
2020$5.9B$27.8B$21.8B1.19
2021$10.3B$25.5B$15.3B1.42
2022$5.6B$23.5B$17.9B1.22
2023$3.2B$26.7B$23.6B1.10
2024$6.1B$25.7B$19.5B1.17
2025$5.9B$32.3B$26.4B1.22
PeriodMarket capEnterprise valueP/SP/E
2020$146B$167.8B1.7108.6
2021$187.3B$202.6B1.914.5
2022$151.4B$169.3B1.513.1
2023$135.1B$158.6B1.520.1
2024$107.8B$127.4B1.218.7
2025$84.2B$110.6B0.915.1
Q3 2024$22.2B
Q4 2024$25.2B
Q1 2025$21.5B
Q2 2025$21.2B
Q3 2025$21.4B
Q4 2025$24.5B
Q1 2026$21.2B
Q2 2026$22.8B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$22.2B+6%$1.5B$655M
Q4 2024$25.2B+2%$1.7B$2.2B
Q1 2025$21.5B-1%$1.2B$1.4B
Q2 2025$21.2B-3%$1.3B-$775M
Q3 2025$21.4B-4%$1.3B$1.5B
Q4 2025$24.5B-3%$1.8B$2.6B
Q1 2026$21.2B-2%$864M$1.2B
Q2 2026$22.8B+8%$604M$194M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+17.1%+9.5%+6.9%+9.1%+2.3%
Q4 2024+20.8%+11.8%+6.8%+10.3%+2.5%
Q1 2025+17.1%+7.7%+5.5%+7.6%+1.7%
Q2 2025+17.8%+8.6%+6.0%+8.1%+1.8%
Q3 2025+16.3%+8.4%+6.1%+8.3%+1.8%
Q4 2025+20.8%+10.5%+7.3%+11.0%+2.5%
Q1 2026+15.8%+6.0%+4.1%+5.5%+1.2%
Q2 2026+13.3%+4.1%+2.6%+4.0%+0.8%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$5.9B$26.2B$20.4B1.14
Q4 2024$6.1B$25.7B$19.5B1.17
Q1 2025$4.8B$25.6B$20.8B1.09
Q2 2025$6.2B$28.9B$22.7B1.32
Q3 2025$6.8B$29.2B$22.4B1.30
Q4 2025$5.9B$32.3B$26.4B1.22
Q1 2026$5.8B$28.7B$22.9B1.21
Q2 2026$4.7B$28.7B$24B1.18
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$116.3B$136.7B5.218.9
Q4 2024$107.7B$127.2B4.315.6
Q1 2025$93.5B$114.3B4.319.6
Q2 2025$85.5B$108.2B4.016.7
Q3 2025$70.8B$93.3B3.313.5
Q4 2025$84.2B$110.6B3.411.8
Q1 2026$83.6B$106.5B3.924.1
Q2 2026$91.4B$115.4B4.037.9

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$22.8BQ2 2026
$6.3B$12.6B$18.9B$25.2BQ3 2023: $21BQ4 2023: $24.9BQ1 2024: $21.7BQ2 2024: $21.8BQ3 2024: $22.2BQ4 2024: $25.2BQ1 2025: $21.5BQ2 2025: $21.2BQ3 2025: $21.4BQ4 2025: $24.5BQ1 2026: $21.2BQ2 2026: $22.8BQ3 2023Q2 2026
Net income$604MQ2 2026
$447.8M$895.5M$1.3B$1.8BQ3 2023: $1.1BQ4 2023: $1.6BQ1 2024: $1.1BQ2 2024: $1.4BQ3 2024: $1.5BQ4 2024: $1.7BQ1 2025: $1.2BQ2 2025: $1.3BQ3 2025: $1.3BQ4 2025: $1.8BQ1 2026: $864MQ2 2026: $604MQ3 2023Q2 2026
EBITDA$1.8BQ2 2026
$902.5M$1.8B$2.7B$3.6BQ3 2023: $2.3BQ4 2023: $3.1BQ1 2024: $2.6BQ2 2024: $3BQ3 2024: $3BQ4 2024: $3.3BQ1 2025: $2.7BQ2 2025: $2.8BQ3 2025: $2.8BQ4 2025: $3.6BQ1 2026: $2.4BQ2 2026: $1.8BQ3 2023Q2 2026
Free cash flow$194MQ2 2026
$65.3M$905.5M$1.7B$2.6BQ3 2023: $944MQ4 2023: $362MQ1 2024: $2.3BQ2 2024: $1.1BQ3 2024: $655MQ4 2024: $2.2BQ1 2025: $1.4BQ2 2025: -$775MQ3 2025: $1.5BQ4 2025: $2.6BQ1 2026: $1.2BQ2 2026: $194MQ3 2023Q2 2026
EPS$0.71Q2 2026
$0.53$1.05$1.58$2.1Q3 2023: $1.31Q4 2023: $1.87Q1 2024: $1.3Q2 2024: $1.64Q3 2024: $1.8Q4 2024: $2.02Q1 2025: $1.4Q2 2025: $1.51Q3 2025: $1.55Q4 2025: $2.1Q1 2026: $1.02Q2 2026: $0.71Q3 2023Q2 2026
Cash / Debt$4.7BQ2 2026
$8.1B$16.1B$24.2B$32.3BQ3 2023 · Cash: $4.3BQ3 2023 · Debt: $25.4BQ4 2023 · Cash: $3.2BQ4 2023 · Debt: $26.7BQ1 2024 · Cash: $4.3BQ1 2024 · Debt: $24.4BQ2 2024 · Cash: $6.3BQ2 2024 · Debt: $26.4BQ3 2024 · Cash: $5.9BQ3 2024 · Debt: $26.2BQ4 2024 · Cash: $6.1BQ4 2024 · Debt: $25.7BQ1 2025 · Cash: $4.8BQ1 2025 · Debt: $25.6BQ2 2025 · Cash: $6.2BQ2 2025 · Debt: $28.9BQ3 2025 · Cash: $6.8BQ3 2025 · Debt: $29.2BQ4 2025 · Cash: $5.9BQ4 2025 · Debt: $32.3BQ1 2026 · Cash: $5.8BQ1 2026 · Debt: $28.7BQ2 2026 · Cash: $4.7BQ2 2026 · Debt: $28.7BQ3 2023Q2 2026
CashDebt
Profitability+13.3%Q2 2026
+5.2%+10.4%+15.6%+20.8%Q3 2023 · Gross margin: +15.9%Q4 2023 · Gross margin: +19.8%Q1 2024 · Gross margin: +16.5%Q2 2024 · Gross margin: +17.3%Q3 2024 · Gross margin: +17.1%Q4 2024 · Gross margin: +20.8%Q1 2025 · Gross margin: +17.1%Q2 2025 · Gross margin: +17.8%Q3 2025 · Gross margin: +16.3%Q4 2025 · Gross margin: +20.8%Q1 2026 · Gross margin: +15.8%Q2 2026 · Gross margin: +13.3%Q3 2023 · Operating margin: +6.9%Q4 2023 · Operating margin: +10.6%Q1 2024 · Operating margin: +7.9%Q2 2024 · Operating margin: +8.9%Q3 2024 · Operating margin: +9.5%Q4 2024 · Operating margin: +11.8%Q1 2025 · Operating margin: +7.7%Q2 2025 · Operating margin: +8.6%Q3 2025 · Operating margin: +8.4%Q4 2025 · Operating margin: +10.5%Q1 2026 · Operating margin: +6.0%Q2 2026 · Operating margin: +4.1%Q3 2023 · Net margin: +5.4%Q4 2023 · Net margin: +6.5%Q1 2024 · Net margin: +5.1%Q2 2024 · Net margin: +6.5%Q3 2024 · Net margin: +6.9%Q4 2024 · Net margin: +6.8%Q1 2025 · Net margin: +5.5%Q2 2025 · Net margin: +6.0%Q3 2025 · Net margin: +6.1%Q4 2025 · Net margin: +7.3%Q1 2026 · Net margin: +4.1%Q2 2026 · Net margin: +2.6%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+7.6%Q2 2026
-0.8%+2.0%+4.8%+7.6%Q3 2024: +5.7%Q4 2024: +1.5%Q1 2025: -0.5%Q2 2025: -2.5%Q3 2025: -3.6%Q4 2025: -3.0%Q1 2026: -1.6%Q2 2026: +7.6%Q3 2023Q2 2026
Shares outstanding851MQ2 2026
214.5M429M643.5M858MQ3 2023: 858MQ4 2023: 858MQ1 2024: 857MQ2 2024: 857MQ3 2024: 852.9MQ4 2024: 858MQ1 2025: 850MQ2 2025: 847MQ3 2025: 848MQ4 2025: 853MQ1 2026: 850MQ2 2026: 851MQ3 2023Q2 2026
Valuation37.9Q2 2026
9.518.928.437.9Q3 2023 · P/E: 29.6Q4 2023 · P/E: 21.0Q1 2024 · P/E: 28.4Q2 2024 · P/E: 20.6Q3 2024 · P/E: 18.9Q4 2024 · P/E: 15.6Q1 2025 · P/E: 19.6Q2 2025 · P/E: 16.7Q3 2025 · P/E: 13.5Q4 2025 · P/E: 11.8Q1 2026 · P/E: 24.1Q2 2026 · P/E: 37.9Q3 2023 · P/S: 6.4Q4 2023 · P/S: 5.4Q1 2024 · P/S: 5.8Q2 2024 · P/S: 5.3Q3 2024 · P/S: 5.2Q4 2024 · P/S: 4.3Q1 2025 · P/S: 4.3Q2 2025 · P/S: 4.0Q3 2025 · P/S: 3.3Q4 2025 · P/S: 3.4Q1 2026 · P/S: 3.9Q2 2026 · P/S: 4.0Q3 2023Q2 2026
P/EP/S
Revenue$88.7B2025
$25B$50B$75B$100B2018: $71.9B2019: $73.9B2020: $84.4B2021: $97.2B2022: $100B2023: $90.7B2024: $90.9B2025: $88.7B20182025
Net income$5.6B2025
$3.2B$6.4B$9.7B$12.9B2018: $4.8B2019: $4.4B2020: $1.3B2021: $12.9B2022: $11.5B2023: $6.7B2024: $5.8B2025: $5.6B20182025
EBITDA$11.9B2025
$5.1B$10.1B$15.2B$20.2B2018: $8.8B2019: $8.6B2020: $5.2B2021: $20.2B2022: $18.7B2023: $12.7B2024: $11.9B2025: $11.9B20182025
Free cash flow$4.8B2025
$2.7B$5.4B$8.1B$10.8B2018: $6.4B2019: $2.3B2020: $5B2021: $10.8B2022: $9.3B2023: $5.1B2024: $6.2B2025: $4.8B20182025
EPS$6.562025
$3.67$7.34$11$14.72018: $5.512019: $5.112020: $1.542021: $14.72022: $13.22023: $7.82024: $6.762025: $6.5620182025
Cash / Debt$5.9B2025
$8.1B$16.1B$24.2B$32.3B2018 · Cash: $4.2B2018 · Debt: $22.7B2019 · Cash: $5.2B2019 · Debt: $28.2B2020 · Cash: $5.9B2020 · Debt: $27.8B2021 · Cash: $10.3B2021 · Debt: $25.5B2022 · Cash: $5.6B2022 · Debt: $23.5B2023 · Cash: $3.2B2023 · Debt: $26.7B2024 · Cash: $6.1B2024 · Debt: $25.7B2025 · Cash: $5.9B2025 · Debt: $32.3B20182025
CashDebt
Profitability+18.1%2025
+6.4%+12.9%+19.3%+25.8%2018 · Gross margin: +19.7%2019 · Gross margin: +21.8%2020 · Gross margin: +25.8%2021 · Gross margin: +17.9%2022 · Gross margin: +20.1%2023 · Gross margin: +19.5%2024 · Gross margin: +18.8%2025 · Gross margin: +18.1%2018 · Operating margin: +9.8%2019 · Operating margin: +10.7%2020 · Operating margin: +9.3%2021 · Operating margin: +13.5%2022 · Operating margin: +13.0%2023 · Operating margin: +10.3%2024 · Operating margin: +9.6%2025 · Operating margin: +8.9%2018 · Net margin: +6.7%2019 · Net margin: +6.0%2020 · Net margin: +1.6%2021 · Net margin: +13.3%2022 · Net margin: +11.5%2023 · Net margin: +7.4%2024 · Net margin: +6.4%2025 · Net margin: +6.3%20182025
Gross marginOperating marginNet margin
Revenue growth-2.5%2025
-3.2%+2.9%+9.0%+15.1%2019: +2.8%2020: +14.2%2021: +15.1%2022: +2.9%2023: -9.3%2024: +0.2%2025: -2.5%20182025
Shares outstanding850M2025
219.5M439M658.5M878M2018: 870M2019: 869M2020: 871M2021: 878M2022: 871M2023: 860M2024: 856M2025: 850M20182025
Valuation15.12025
27.254.381.5108.62018 · P/E: 17.62019 · P/E: 22.82020 · P/E: 108.62021 · P/E: 14.52022 · P/E: 13.12023 · P/E: 20.12024 · P/E: 18.72025 · P/E: 15.12018 · P/S: 1.22019 · P/S: 1.42020 · P/S: 1.72021 · P/S: 1.92022 · P/S: 1.52023 · P/S: 1.52024 · P/S: 1.22025 · P/S: 0.920182025
P/EP/S

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20267.19$91.4B+3%18
FY 20278.02$94.9B+7%19
FY 20288.67$98.2B+11%7
FY 202910.17$102.3B+15%2
FY 203012.08$108.8B+23%4
Q1 20281.56$23.4B+10%9

Company events

6
2026-10-27EarningsActual - / Estimate 1.63-
2026-08-17Dividend$1.64-
2026-07-28EarningsActual 1.76 / Estimate 1.65Beat
2026-05-18Dividend$1.64-
2026-04-28EarningsActual 1.07 / Estimate 1.04Beat
2026-02-17Dividend$1.64-

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
HWM$91.9B10.149.2+20.5%1NOC$74.9B1.716.7+10.5%3GD$95.5B1.721.2+8.2%2PWR$95.7B2.972.0+4.1%1VRT$96B8.455.2+15.1%13ROK$46.2B5.238.9+13.4%5LMT$123.2B1.619.6+8.2%6SUMIELEC$41.3B1.216.2+7.6%2

Analyst track record

How the analysts covering UPS have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings138406
Analysts3144
Buy / hold / sell69 / 52 / 17207 / 162 / 37
Upgrades / downgrades / initiations2 / 3 / 412 / 12 / 10
Price targets hit / missed28 / 105 (21%)58 / 333 (15%)
Avg. return after a rating (TipRanks)-8.6%-21.5%
Best / worst call+33.6% / -25.8%+33.6% / -51.1%

After buy calls on this stock: median 21-day move +0.1% vs S&P 500 -2.2% (n = 207)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Ravi ShankerMorgan Stanley50% hit rate on this stock · 12 targets measuredSelltarget $76.00Jul 29, 2026
  2. Scott SchneebergerOppenheimer30% hit rate on this stock · 10 targets measuredBuytarget $117Jul 29, 2026
  3. Christian WetherbeeWells Fargo19% hit rate on this stock · 16 targets measuredHoldtarget $110Aug 31, 2026

Latest ratings

DateAnalystCallTarget
Sep 3, 2026Alex IrvingBernsteinBuyMaintained$131article ↗
Sep 1, 2026Ken HoexterBank of America SecuritiesHoldMaintained$115article ↗
Aug 31, 2026Christian WetherbeeWells FargoHoldMaintained$110article ↗
Aug 27, 2026Ariel RosaCitiBuyReiterated$132article ↗
Aug 24, 2026Alex IrvingBernsteinBuyMaintained$131article ↗
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$95.00$100$105$110$115$120Oct 25 · Buy 10 · Hold 9 · Sell 3Oct 25Nov 25 · Buy 10 · Hold 9 · Sell 3Dec 25 · Buy 10 · Hold 8 · Sell 3Dec 25Jan 26 · Buy 12 · Hold 10 · Sell 3Feb 26 · Buy 12 · Hold 10 · Sell 3Feb 26Mar 26 · Buy 12 · Hold 9 · Sell 3Apr 26 · Buy 11 · Hold 11 · Sell 3Apr 26May 26 · Buy 11 · Hold 11 · Sell 3Jun 26 · Buy 11 · Hold 11 · Sell 3Jun 26Jul 26 · Buy 11 · Hold 11 · Sell 2Aug 26 · Buy 13 · Hold 11 · Sell 2Aug 26Sep 26 · Buy 13 · Hold 11 · Sell 2Oct 25 · avg. target $105Nov 25 · avg. target $105Dec 25 · avg. target $105Jan 26 · avg. target $113Feb 26 · avg. target $113Mar 26 · avg. target $114Apr 26 · avg. target $114May 26 · avg. target $114Jun 26 · avg. target $114Jul 26 · avg. target $117Aug 26 · avg. target $119Sep 26 · avg. target $119Oct 25 · month-end close $96.42Nov 25 · month-end close $95.79Dec 25 · month-end close $99.19Jan 26 · month-end close $106Feb 26 · month-end close $116Mar 26 · month-end close $98.38Apr 26 · month-end close $109May 26 · month-end close $107Jun 26 · month-end close $108Jul 26 · month-end close $104Aug 26 · month-end close $104Sep 26 · month-end close $100

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Sep 18, 2026 · 138 ratings