United Parcel Service (UPS) Debt/Equity Ratio: History & Chart

United Parcel Service, Inc. (UPS)UPSUnited Parcel Service, Inc.

About United Parcel Service, Inc.

United Parcel Service, Inc., a package delivery and logistics provider, offers transportation and delivery services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery services for express letters, documents, packages and palletized freight through air and ground services. The International Package segment provides small package operations in Europe, the Middle East and Africa, Canada and Latin America, and Asia. The company offers a range of guaranteed day- and time-definite international transportation services; day-definite services; cross-border ground package delivery; contract-only, e-commerce solutions for non-urgent, and cross-border shipments; and international service for urgent and palletized shipments. It also provides international air and ocean freight forwarding, contract logistics, customs brokerage and insurance, mail services, healthcare logistics, distribution, and post-sales services. United Parcel Service, Inc. was founded in 1907 and is headquartered in Atlanta, Georgia.

Atlanta, GA

460,000 employees

www.ups.com

Industrials / Integrated Freight & Logistics

Sector: Industrials
Industry: Integrated Freight & Logistics
CEO: Carol Tomé

View full financials

UPS Debt to Equity Ratio Metrics

DEBT TO EQUITY RATIO

1.82

DEBT TO EQUITY RATIO AVG TTM

1.82

DEBT TO EQUITY RATIO AVG 3Y

1.59

DEBT TO EQUITY RATIO AVG 5Y

1.64

DEBT TO EQUITY RATIO AVG 10Y

4.28

DEBT TO EQUITY RATIO AVG 15Y

3.91

DEBT TO EQUITY RATIO AVG 20Y

2.84

CURRENT VS TTM AVG

-0.36%

CURRENT VS 3Y AVG

+14.44%

CURRENT VS 5Y AVG

+11.14%

CURRENT VS 10Y AVG

-57.48%

CURRENT VS 15Y AVG

-53.48%

CURRENT VS 20Y AVG

-35.95%

SECTOR MEDIAN · INDUSTRIALS

0.62

median of 133 covered companies

CURRENT VS SECTOR MEDIAN

+193.28%

vs the sector median at left

NAME	MARKET CAP	DEBT TO EQUITY RATIO	TTM	3Y	5Y
United Parcel Service, Inc. (UPS)	$85.70B	1.82	1.82	1.59	1.64
Johnson Controls International plc (JCI)vs ›	$87.47B	0.87	0.73	0.64	0.57
Emerson Electric Co. (EMR)vs ›	$82.86B	0.68	0.54	0.63	0.70
Cintas Corporation (CTAS)vs ›	$82.39B	0.53	0.55	0.60	0.67
3M Company (MMM)vs ›	$89.02B	2.75	3.16	2.73	2.28
Canadian Pacific Kansas City Ltd. (CP)vs ›	$81.99B	0.51	0.49	0.51	0.67
Illinois Tool Works Inc. (ITW)vs ›	$81.42B	2.78	2.61	2.64	2.56
Cummins Inc. (CMI)vs ›	$91.71B	0.66	0.70	0.79	0.71
Norfolk Southern Corporation (NSC)vs ›	$78.76B	1.10	1.16	1.23	1.14
Canadian National Railway Company (CNI)vs ›	$78.54B	1.01	1.02	0.93	0.83

NAME

MARKET CAP

DEBT TO EQUITY RATIO

TTM

United Parcel Service, Inc. (UPS)

$85.70B

1.82

1.59

1.64

Johnson Controls International plc (JCI)vs ›

$87.47B

0.87

0.73

0.64

0.57

Emerson Electric Co. (EMR)vs ›

$82.86B

0.68

0.54

0.63

0.70

Cintas Corporation (CTAS)vs ›

$82.39B

0.53

0.55

0.60

0.67

3M Company (MMM)vs ›

$89.02B

2.75

3.16

2.73

2.28

Canadian Pacific Kansas City Ltd. (CP)vs ›

$81.99B

0.51

0.49

0.51

0.67

Illinois Tool Works Inc. (ITW)vs ›

$81.42B

2.78

2.61

2.64

2.56

Cummins Inc. (CMI)vs ›

$91.71B

0.66

0.70

0.79

0.71

Norfolk Southern Corporation (NSC)vs ›

$78.76B

1.10

1.16

1.23

1.14

Canadian National Railway Company (CNI)vs ›

$78.54B

1.01

1.02

0.93

0.83

Debt to Equity Ratio FAQ

What is the debt to equity ratio for United Parcel Service, Inc. (UPS)?

The debt to equity ratio for UPS stock is 1.82.

Is United Parcel Service, Inc.'s debt to equity ratio high or low?

The debt to equity ratio of 1.82 is in line with its 5-year average of 1.74, near the low end of its 5-year range (1.19–3.75).

What is the TTM average debt to equity ratio for United Parcel Service, Inc. (UPS)?

The TTM average debt to equity ratio for UPS stock is 1.82.

What is the 3Y average debt to equity ratio for United Parcel Service, Inc. (UPS)?

The 3Y average debt to equity ratio for UPS stock is 1.59.

What is the 5Y average debt to equity ratio for United Parcel Service, Inc. (UPS)?

The 5Y average debt to equity ratio for UPS stock is 1.64.

What is the 10Y average debt to equity ratio for United Parcel Service, Inc. (UPS)?

The 10Y average debt to equity ratio for UPS stock is 4.28.

What is the 15Y average debt to equity ratio for United Parcel Service, Inc. (UPS)?

The 15Y average debt to equity ratio for UPS stock is 3.91.

What is the 20Y average debt to equity ratio for United Parcel Service, Inc. (UPS)?

The 20Y average debt to equity ratio for UPS stock is 2.84.

DATE	DEBT TO EQUITY RATIO
2026-03-31	1.82
2025-12-31	1.99
2025-09-30	1.85
2025-06-30	1.84
2025-03-31	1.63
2024-12-31	1.53
2024-09-30	1.56
2024-06-30	1.55
2024-03-31	1.44
2023-12-31	1.54
2023-09-30	1.33
2023-06-30	1.25
2023-03-31	1.32
2022-12-31	1.19
2022-09-30	1.41
2022-06-30	1.48
2022-03-31	1.65
2021-12-31	1.79
2021-09-30	2.13
2021-06-30	2.42
2021-03-31	3.75
2020-12-31	42.24
2020-09-30	5.14
2020-06-30	6.86
2020-03-31	9.58
2019-12-31	8.62
2019-09-30	4.76
2019-06-30	5.88
2019-03-31	7.43
2018-12-31	7.53
2018-09-30	7.52
2018-06-30	9.76
2018-03-31	17.18
2017-12-31	24.94
2017-09-30	12.53
2017-06-30	14.53
2017-03-31	32.22
2016-12-31	40.80
2016-09-30	5.59
2016-06-30	5.47
2016-03-31	6.28
2015-12-31	6.00
2015-09-30	7.57
2015-06-30	6.74
2015-03-31	7.16
2014-12-31	5.27
2014-09-30	2.18
2014-06-30	2.13
2014-03-31	1.93
2013-12-31	1.75
2013-09-30	3.46
2013-06-30	3.30
2013-03-31	3.14
2012-12-31	2.86
2012-09-30	1.99
2012-06-30	1.70
2012-03-31	1.62
2011-12-31	1.58
2011-09-30	1.59
2011-06-30	1.47
2011-03-31	1.48
2010-12-31	1.36
2010-09-30	1.14
2010-06-30	1.30
2010-03-31	1.32
2009-12-31	1.25
2009-09-30	1.48
2009-06-30	1.60
2009-03-31	1.78
2008-12-31	1.46
2008-09-30	0.99
2008-06-30	0.98
2008-03-31	0.85
2007-12-31	0.90
2007-09-30	0.30
2007-06-30	0.30
2007-03-31	0.27
2006-12-31	0.27
2006-09-30	0.28
2006-06-30	0.21
2006-03-31	0.22
2005-12-31	0.24
2005-09-30	0.30
2005-06-30	0.25
2005-03-31	0.25
2004-12-31	0.27
2004-09-30	0.24
2004-06-30	0.26
2004-03-31	0.26
2003-12-31	0.26
2003-09-30	0.30
2003-06-30	0.31
2003-03-31	0.32
2002-12-31	0.37
2002-09-30	0.44
2002-06-30	0.45

DATE

DEBT TO EQUITY RATIO

2026-03-31

1.82

2025-12-31

1.99

2025-09-30

1.85

2025-06-30

1.84

2025-03-31

1.63

2024-12-31

1.53

2024-09-30

1.56

2024-06-30

1.55

2024-03-31

1.44

2023-12-31

1.54

2023-09-30

1.33

2023-06-30

1.25

2023-03-31

1.32

2022-12-31

1.19

2022-09-30

1.41

2022-06-30

1.48

2022-03-31

1.65

2021-12-31

1.79

2021-09-30

2.13

2021-06-30

2.42

2021-03-31

3.75

2020-12-31

42.24

2020-09-30

5.14

2020-06-30

6.86

2020-03-31

9.58

2019-12-31

8.62

2019-09-30

4.76

2019-06-30

5.88

2019-03-31

7.43

2018-12-31

7.53

2018-09-30

7.52

2018-06-30

9.76

2018-03-31

17.18

2017-12-31

24.94

2017-09-30

12.53

2017-06-30

14.53

2017-03-31

32.22

2016-12-31

40.80

2016-09-30

5.59

2016-06-30

5.47

2016-03-31

6.28

2015-12-31

6.00

2015-09-30

7.57

2015-06-30

6.74

2015-03-31

7.16

2014-12-31

5.27

2014-09-30

2.18

2014-06-30

2.13

2014-03-31

1.93

2013-12-31

1.75

2013-09-30

3.46

2013-06-30

3.30

2013-03-31

3.14

2012-12-31

2.86

2012-09-30

1.99

2012-06-30

1.70

2012-03-31

1.62

2011-12-31

1.58

2011-09-30

1.59

2011-06-30

1.47

2011-03-31

1.48

2010-12-31

1.36

2010-09-30

1.14

2010-06-30

1.30

2010-03-31

1.32

2009-12-31

1.25

2009-09-30

1.48

2009-06-30

1.60

2009-03-31

1.78

2008-12-31

1.46

2008-09-30

0.99

2008-06-30

0.98

2008-03-31

0.85

2007-12-31

0.90

2007-09-30

0.30

2007-06-30

0.30

2007-03-31

0.27

2006-12-31

0.27

2006-09-30

0.28

2006-06-30

0.21

2006-03-31

0.22

2005-12-31

0.24

2005-09-30

0.30

2005-06-30

0.25

2005-03-31

0.25

2004-12-31

0.27

2004-09-30

0.24

2004-06-30

0.26

2004-03-31

0.26

2003-12-31

0.26

2003-09-30

0.30

2003-06-30

0.31

2003-03-31

0.32

2002-12-31

0.37

2002-09-30

0.44

2002-06-30

0.45

Debt to Equity Ratio: 1.82

UPS Debt to Equity Ratio

UPS Average Debt to Equity Ratio Chart

UPS Current vs Average Debt to Equity Ratio Chart

UPS Debt to Equity Ratio Metrics

UPS Competitors' Debt to Equity Ratio

Financial Health

Debt to Equity Ratio Formula & Definition

Debt to Equity Ratio FAQ

UPS Debt to Equity Ratio History

Related Metrics