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FCF Margin for United Parcel Service (UPS)

As of · Reported

Metric

TTM

5.1%

YoY change

−1.46pp

Trough year (2017)

-5.6%

Peak year (2002)

12.7%

FCF Margin history chart for United Parcel Service (UPS) from 1998 to 2025

Latest: 5.4%

FCF Margin change chart for United Parcel Service (UPS) from 1998 to 2025

Latest: −1.46pp

FCF Margin history table for United Parcel Service (UPS) from 1998 to 2025

  • 20255.4%-1.46pp
  • 20246.8%+1.24pp
  • 20235.6%-3.73pp
  • 20229.3%-1.79pp
  • 202111.1%+5.15pp
  • 20206.0%+2.92pp
  • 20193.1%-5.88pp
  • 20188.9%+14.57pp
  • 2017-5.6%-11.43pp
  • 20165.8%-2.90pp
  • 20158.7%+2.87pp
  • 20145.8%-3.61pp
  • 20139.4%+0.08pp
  • 20129.4%-0.16pp
  • 20119.5%+4.58pp
  • 20104.9%-3.22pp
  • 20098.2%-3.08pp
  • 200811.2%+14.66pp
  • 2007-3.4%-8.68pp
  • 20065.3%-3.20pp
  • 20058.5%-0.29pp
  • 20048.8%+0.70pp
  • 20038.1%-4.63pp
  • 200212.7%+7.71pp
  • 20015.0%+2.99pp
  • 20002.0%-0.76pp
  • 19992.8%-2.17pp
  • 19984.9%—

FCF Margin values are taken from United Parcel Service's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About FCF Margin at United Parcel Service (UPS)

According to United Parcel Service's latest reported financial statements, the company's latest reported free cash flow margin is 5.1%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

The 2025 reading of United Parcel Service (UPS) free cash flow margin is 5.37% – contracted 1.5 percentage points year-over-year.

Across the available history, free cash flow margin reached its high of 12.69% in 2002 and its low of -5.63% in 2017.

United Parcel Service FCF Margin by Year

United Parcel Service FCF Margin 2025: 5.4%

United Parcel Service posted free cash flow margin of 5.37% in 2025, contracted 1.5 percentage points from 2024.

United Parcel Service FCF Margin 2024: 6.8%

In 2024, United Parcel Service reported free cash flow margin of 6.84%, expanded 1.2 percentage points from 2023.

United Parcel Service FCF Margin 2023: 5.6%

United Parcel Service free cash flow margin in 2023 was 5.60%, contracted 3.7 percentage points from 2022.

United Parcel Service FCF Margin 2022: 9.3%

2022's free cash flow margin for United Parcel Service came in at 9.33%, contracted 1.8 percentage points from 2021.

United Parcel Service FCF Margin 2021: 11.1%

United Parcel Service free cash flow margin in 2021 was 11.12%.

See more financial history for United Parcel Service (UPS).

Sector peers by FCF Margin

Industrials peers of United Parcel Service (UPS), ranked by their latest free cash flow margin

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