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United Parcel Service, Inc. UPS Return on invested capital

Return on invested capital at other companies

Amazon logo
AmazonAMZN
14%-3.8pp
FedEx logo
FedExFDX
7%+0.7pp
Cencora logo
CencoraCOR
21.2%-19.2pp
Expeditors International of Washington logo
Expeditors International of WashingtonEXPD
52.2%-2.9pp
United Airlines Holdings logo
United Airlines HoldingsUAL
10.7%-1.8pp
Old Dominion Freight Line logo
Old Dominion Freight LineODFL
24.2%-4.3pp

Other financials

Income statement

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Revenue$21.2B-1.6%
Operating income$1.3B-24.0%
Net income$864.0M-27.2%
EPS (diluted)$1.02-27.1%

Balance sheet

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Cash & equivalents$5.8B+20.8%
Total debt$5.4B+14.5%
Total equity$15.8B+0.7%
Total assets$71.8B+4.9%

Cash flow

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Operating cash flow$2.2B-4.1%
CapEx$1.0B+17.7%
Free cash flow$1.2B-17.3%

Valuation

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Market cap$89.13B-10.3%
Enterprise value$88.69B-10.7%
P/E17×0.0×
P/S-0.1×

Profitability

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Operating margin8.5%-0.9pp
Net margin5.9%-0.5pp

Returns & leverage

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Return on equity33.4%-2.6pp
Debt / equity0.3×0.0×
Current ratio1.2×+0.1×

Where this comes from

Calculated from United Parcel Service, Inc.’s reported figures.

Based on trailing twelve months.

The official record: United Parcel Service, Inc.’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is United Parcel Service, Inc.'s return on invested capital?
United Parcel Service, Inc. (UPS) reported return on invested capital of 37.5% in Q1 2026.
How has United Parcel Service, Inc.'s return on invested capital changed year-over-year?
United Parcel Service, Inc.'s return on invested capital decreased by 7.7% year-over-year, from 40.7% to 37.5%.
What is the long-term trend for United Parcel Service, Inc.'s return on invested capital?
Over 4 years (2021 to 2025), United Parcel Service, Inc.'s return on invested capital has grown at a 2.6% compound annual growth rate (CAGR), from 152.5% to 168.9%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.