# United Parcel Service, Inc. (UPS.TO) fundamentals

Data as of 2026-11-04. TSX, Canada. Sector: Industrials / Freight & Logistics. Price C$13.60, market value C$121.0 billion.

## Valuation
- **P/E (trailing): 20.3×** (5-yr avg 19.5×, 3-yr avg 19.5×). United Parcel Service, Inc. trades at 20.3× trailing earnings, close to its own five-year average of 19.5×. The Industrials median in the September 2026 study was 25.7×.
- **Price / sales: 1.3×**. Each dollar of revenue is priced at 1.3×.
- **Price / book: 8.7×**. The shares trade at 8.7× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 13.3×**. Enterprise value is 13.3× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 4.5%** (5-yr avg 4.4%). Free cash flow equals 4.5% of the market value, in line with its five-year average of 4.4%.
- **Earnings yield: 4.9%**. The inverse of the P/E: 4.9% of the price is earned each year.

## Profitability
- **Gross margin: 16.6%**. United Parcel Service, Inc. keeps 16.6% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 7.3%**. 7.3% of revenue is left after running the business.
- **Net margin: 6.3%**. 6.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 34.3%**. 34.3% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 13.2%**. Return on all capital, debt included, is 13.2%.
- **Return on assets: 6.3%**. Each dollar of assets produces 6.3% of profit.

## Growth
- **Revenue growth (1 yr): -2.6%** (3-yr -4.0%/yr). Revenue fell 2.6% over the last year.
- **EPS growth (1 yr): -2.8%** (3-yr -20.8%/yr). Earnings per share fell 2.8%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): -20.1%/yr**. Free cash flow has compounded at -20.1% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 1.76**. Debt is 1.76 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 2.1×**. It would take 2.1 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 6.0×**. Operating profit covers interest 6.0× over, a safe margin.
- **Current ratio: 1.22** (quick 1.17). Current assets cover the next year's liabilities 1.22 times.
- **Altman Z-score: 3.20**. A Z-score of 3.20 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. United Parcel Service, Inc. does not currently pay a dividend, but it returned -0.1% of its market value through buybacks over the last year.

## Price and momentum
- **From 52-week high: -12.1%** (18.8% above the low). Trading 12% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 73**. An RSI of 73 is in overbought territory; short-term pullbacks are common from here.
- **Beta (1 yr): 0.79** (volatility 31%). Beta of 0.79 against the S&P/TSX Composite: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=UPS.TO · Page: https://foliofundamentals.com/stocks/ups.to

Not investment advice.