United Parcel Service, Inc.

UPSNYSEIndustrials● Active

$108.57

+$0.03(+0.03%)

Market Cap$92.3B

P/E Ratio—

52W High$122.41

52W Low$82

Avg Volume6.3M

Open$109.27

Beta1.04

Free Cash Flow Financials Revenue

United Parcel Service, Inc. (UPS) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

UPS · free cash flow · updated Jun 8, 2026

Core FCF metrics

UPS · FCF · TTM · margin & CAGR

Free cash flow was $4.76B for FY2025 (fiscal year ending 2025-12-31), down 23.3% year-over-year The FCF margin was 5.4%. Five-year CAGR stands at -1.1%.

FY2025 Free Cash Flow$4.76B▼ -23.3% YoY

Trailing 12M (TTM)$4.52Btrailing 4 quarters sum

FCF Margin5.4%$4.76B ÷ revenue

3-Year CAGR-20.1%FY2022 → FY2025

5-Year CAGR-1.1%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

UPS · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$8.45B(3.69B)$4.76B▼ 23.3%5.4%

FY2024$10.12B(3.91B)$6.21B▲ +22.3%6.8%

FY2023$10.24B(5.16B)$5.08B▼ 45.6%5.6%

FY2022$14.10B(4.77B)$9.34B▼ 13.7%9.3%

FY2021$15.01B(4.19B)$10.81B▲ +114.2%11.1%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

UPS · P/FCF · FCF yield · FCF per share

United Parcel Service, Inc. (UPS) trades at a FCF yield of 4.91% and a price-to-free-cash-flow ratio of 20.4x. FCF per share stands at $5.32, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

4.91%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$5.32

TTM FCF ÷ Shares Outstanding

Price / FCF

x20.4

Share Price ÷ FCF per Share

EV / FCF (TTM)

x24.7

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

UPS · cash flow statement · operating / investing / financing

For FY2025, United Parcel Service, Inc. generated $8.45B in operating cash flow and spent 3.69B in capital expenditures, yielding $4.76B in free cash flow.

Operating Activities

+$8.45B

Cash from core business operations

2025-12-31

Investing Activities

−$4.74B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$4.14B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($8.45B) − |CapEx| (3.69B) = FCF ($4.76B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

UPS vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

United Parcel Service, Inc.YOU

UPS

$4.76B-23.3%5.4%

46%

Union Pacific Corporation

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

United Parcel Service, Inc. (UPS) reported free cash flow of $4.76B for FY2025 (fiscal year ending 2025-12-31), down 23.3% year-over-year. The FCF margin was 5.4%.

Based on available data, United Parcel Service, Inc. has maintained positive free cash flow for at least 14 fiscal year(s). FCF peaked at $10.81B in FY2021. The 5-year CAGR stands at -1.1%.

United Parcel Service, Inc.'s FCF yield is 4.91% and price-to-FCF ratio is 20.4x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

UPS free cash flow · 8 questions

United Parcel Service, Inc. free cash flow was $4.76B for FY2025, down 23.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $4.52B.

UPS free cash flowUPS FCFUPS FCF 2025UPS free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · United Parcel Service, Inc. · United Parcel Service, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026