Free Cash Flow for United Parcel Service (UPS)
Free Cash Flow for United Parcel Service (UPS): headline value $4.76B · YoY -23.3%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingFree Cash FlowSwitch metric
Latest period
$4.76B
YoY change
-23.3%
5Y CAGR
-1.1%
Peak year (2021)
$10.81B
Latest annual
$4.76B
Free Cash Flow history chart for United Parcel Service (UPS) from 1998 to 2025
Free Cash Flow history table for United Parcel Service (UPS) from 1998 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $4.76B | -23.3% | ||
| 2024 | $6.21B | +22.3% | ||
| 2023 | $5.08B | -45.6% | ||
| 2022 | $9.34B | -13.7% | ||
| 2021 | $10.81B | +114.2% | ||
| 2020 | $5.05B | +123.4% | ||
| 2019 | $2.26B | -64.9% | ||
| 2018 | $6.43B | -271.5% | ||
| 2017 | -$3.75B | -206.8% | ||
| 2016 | $3.51B | -30.5% | ||
| 2015 | $5.05B | +48.6% | ||
| 2014 | $3.40B | -35.1% | ||
| 2013 | $5.24B | +3.5% | ||
| 2012 | $5.06B | -0.1% | ||
| 2011 | $5.07B | +107.2% | ||
| 2010 | $2.45B | -33.6% | ||
| 2009 | $3.68B | -36.4% | ||
| 2008 | $5.79B | -441.2% | ||
| 2007 | -$1.70B | -167.8% | ||
| 2006 | $2.50B | -30.6% | ||
| 2005 | $3.61B | +12.5% | ||
| 2004 | $3.20B | +18.7% | ||
| 2003 | $2.70B | -32.0% | ||
| 2002 | $3.97B | +159.8% | ||
| 2001 | $1.53B | +156.8% | ||
| 2000 | $595.00M | -20.3% | ||
| 1999 | $747.00M | -38.9% | ||
| 1998 | $1.22B | — |
Free Cash Flow values are taken from United Parcel Service's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual free cash flow for United Parcel Service (UPS) came in at $4.76B – declined 23.3% year-over-year.
United Parcel Service free cash flow has contracted on net over the period, with a -1.1% compound annual growth rate over 2020–2025 (5 years).
Between 2021 and 2025, United Parcel Service free cash flow plunged 55.9%, falling from $10.81B to $4.76B.
Across the available history, free cash flow reached its high of $10.81B in 2021 and its low of -$3.75B in 2017.
Within Industrials, United Parcel Service (UPS) ranks 6th among 8 peers we track. The peer median for free cash flow is $5.45B.
United Parcel Service Free Cash Flow by Year
United Parcel Service Free Cash Flow 2025: $4.76B
United Parcel Service free cash flow in 2025 was $4.76B, declined 23.3% below 2024.
United Parcel Service Free Cash Flow 2024: $6.21B
United Parcel Service free cash flow in 2024 was $6.21B, grew 22.3% from 2023.
United Parcel Service Free Cash Flow 2023: $5.08B
United Parcel Service free cash flow in 2023 was $5.08B, plunged 45.6% below 2022.
United Parcel Service Free Cash Flow 2022: $9.34B
United Parcel Service free cash flow in 2022 was $9.34B, declined 13.7% below 2021.
United Parcel Service Free Cash Flow 2021: $10.81B
United Parcel Service free cash flow in 2021 was $10.81B.
See more financial history for United Parcel Service (UPS).
Sector peers — Free Cash Flow
Companies in the same sector as United Parcel Service, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $10.27B | Industrials |
| RTX Corporation (RTX) | $7.94B | Industrials |
| GE Aerospace (GE) | $7.26B | Industrials |
| Union Pacific Corporation (UNP) | $5.50B | Industrials |
| Honeywell International Inc. (HON) | $5.39B | Industrials |
| Eaton Corporation plc (ETN) | $4.47B | Industrials |
| Deere & Company (DE) | $3.23B | Industrials |
| The Boeing Company (BA) | -$1.88B | Industrials |
Frequently asked questions
What is United Parcel Service's free cash flow?
Latest reported free cash flow for United Parcel Service (UPS) is $4.76B (period ending December 31, 2025).
How has United Parcel Service free cash flow changed year-over-year?
United Parcel Service (UPS) free cash flow changed -23.3% year-over-year on the latest annual filing.
What is the long-term growth rate of United Parcel Service free cash flow?
United Parcel Service (UPS) free cash flow compound annual growth rate is -1.1% over the most recent 5 years available.
When did United Parcel Service free cash flow hit its highest annual value?
United Parcel Service free cash flow reached its highest annual value of $10.81B in 2021.
What was United Parcel Service free cash flow in 2024?
United Parcel Service (UPS) free cash flow in 2024 was $6.21B.
What was United Parcel Service free cash flow in 2025?
United Parcel Service (UPS) free cash flow in 2025 was $4.76B.
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