United Parcel Service, Inc. (UPS) FCF Payout Ratio: 123.33%
Is United Parcel Service, Inc.’s FCF payout ratio high or low?
United Parcel Service, Inc.'s FCF payout ratio of 123.33% is 61% above its 5-year average of 76.56%, near the high end of its 5-year range (31.79%–113.28%).
The FCF payout ratio for United Parcel Service, Inc. (UPS) is 123.33%. It is above its 12-month average by 23.22% (100.09%).
UPS FCF Payout Ratio Chart
UPS Average FCF Payout Ratio Chart
UPS Current vs Average FCF Payout Ratio Chart
UPS FCF Payout Ratio Metrics
FCF PAYOUT RATIO
123.33%
FCF PAYOUT RATIO AVG TTM
100.09%
FCF PAYOUT RATIO AVG 3Y
90.18%
FCF PAYOUT RATIO AVG 5Y
76.56%
FCF PAYOUT RATIO AVG 10Y
77.29%
FCF PAYOUT RATIO AVG 15Y
69.43%
FCF PAYOUT RATIO AVG 20Y
64.68%
CURRENT VS TTM AVG
+23.22%
CURRENT VS 3Y AVG
+36.76%
CURRENT VS 5Y AVG
+61.09%
CURRENT VS 10Y AVG
+59.56%
CURRENT VS 15Y AVG
+77.63%
CURRENT VS 20Y AVG
+90.68%
Payout Ratio Comparison
FCF Payout Ratio
123.3%
Earnings Payout Ratio
100.0%
Dividend Yield
6.08%
FCF Yield
4.93%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $4.76B | $5.40B | 113.3% |
| 2024 | $6.21B | $5.40B | 86.9% |
| 2023 | $5.08B | $5.37B | 105.7% |
| 2022 | $9.34B | $5.11B | 54.8% |
| 2021 | $10.81B | $3.44B | 31.8% |
| 2020 | $5.05B | $3.37B | 66.9% |
| 2019 | $2.26B | $3.19B | 141.4% |
| 2018 | $6.43B | $3.01B | 46.8% |
| 2017 | ($3.75B) | $2.77B | N/A (Loss) |
| 2016 | $3.51B | $2.64B | 75.3% |
| 2015 | $5.05B | $2.52B | 50.0% |
| 2014 | $3.40B | $2.37B | 69.6% |
| 2013 | $5.24B | $2.26B | 43.1% |
| 2012 | $5.06B | $2.13B | 42.1% |
| 2011 | $5.07B | $2.00B | 39.4% |
| 2010 | $2.45B | $1.82B | 74.3% |
| 2009 | $3.68B | $1.75B | 47.5% |
| 2008 | $5.79B | $2.22B | 38.3% |
| 2007 | ($1.70B) | $1.70B | N/A (Loss) |
| 2006 | $2.50B | $1.58B | 63.0% |
| 2005 | $3.61B | $1.39B | 38.6% |
| 2004 | $3.20B | $1.21B | 37.7% |
| 2003 | $2.70B | $1.03B | 38.0% |
| 2002 | $3.97B | $849.00M | 21.4% |
| 2001 | $1.53B | $856.00M | 56.0% |
| 2000 | $595.00M | $786.00M | 132.1% |
| 1999 | $747.00M | $672.00M | 90.0% |
| 1998 | $1.22B | $466.00M | 38.1% |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
United Parcel Service, Inc. FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
United Parcel Service, Inc. FCF Payout Ratio FAQ
- What is the FCF payout ratio for United Parcel Service, Inc. (UPS)?
- The FCF payout ratio for UPS stock is 123.33%.
- Is United Parcel Service, Inc.'s FCF payout ratio high or low?
- United Parcel Service, Inc.'s FCF payout ratio of 123.33% is 61% above its 5-year average of 76.56%, near the high end of its 5-year range (31.79%–113.28%).
- What is the TTM average FCF payout ratio for United Parcel Service, Inc. (UPS)?
- The TTM average FCF payout ratio for UPS stock is 100.09%.
- What is the 3Y average FCF payout ratio for United Parcel Service, Inc. (UPS)?
- The 3Y average FCF payout ratio for UPS stock is 90.18%.
- What is the 5Y average FCF payout ratio for United Parcel Service, Inc. (UPS)?
- The 5Y average FCF payout ratio for UPS stock is 76.56%.
- What is the 10Y average FCF payout ratio for United Parcel Service, Inc. (UPS)?
- The 10Y average FCF payout ratio for UPS stock is 77.29%.
- What is the 15Y average FCF payout ratio for United Parcel Service, Inc. (UPS)?
- The 15Y average FCF payout ratio for UPS stock is 69.43%.
- What is the 20Y average FCF payout ratio for United Parcel Service, Inc. (UPS)?
- The 20Y average FCF payout ratio for UPS stock is 64.68%.
United Parcel Service, Inc. FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-12-31 | 113.28% |
| 2024-12-31 | 86.90% |
| 2023-12-31 | 105.75% |
| 2022-12-31 | 54.78% |
| 2021-12-31 | 31.79% |
| 2020-12-31 | 66.85% |
| 2019-12-31 | 141.39% |
| 2018-12-31 | 46.84% |
| 2016-12-31 | 75.34% |
| 2015-12-31 | 49.99% |
| 2014-12-31 | 69.63% |
| 2013-12-31 | 43.14% |
| 2012-12-31 | 42.07% |
| 2011-12-31 | 39.40% |
| 2010-12-31 | 74.33% |
| 2009-12-31 | 47.54% |
| 2008-12-31 | 38.32% |
| 2006-12-31 | 62.98% |
| 2005-12-31 | 38.57% |
| 2004-12-31 | 37.70% |
| 2003-12-31 | 38.01% |
| 2002-12-31 | 21.39% |
| 2001-12-31 | 56.02% |
| 2000-12-31 | 132.10% |
| 1999-12-31 | 89.96% |
| 1998-12-31 | 38.10% |
About United Parcel Service, Inc.
United Parcel Service, Inc. (UPS) stands as a leading global entity in shipping and logistics, delivering an extensive array of services such as parcel and document conveyance, transportation of goods, and supply chain management. The corporation structures its widespread operations into two principal divisions: U.S. Domestic Package and International Package. Within the United States, its Domestic Package unit specializes in time-guaranteed delivery for a range of items, including correspondence, critical paperwork, smaller parcels, and palletized cargo, utilizing both air and surface transportation methods. Conversely, the International Package division ensures reliable, precise-time international shipping services across extensive geographical areas, encompassing Europe, the Asia Pacific region, Canada, Latin America, the Indian sub-continent, the Middle East, and Africa. This segment notably features guaranteed express options for urgent consignments. Beyond core package services, UPS extends its reach to roughly 200 nations and jurisdictions, offering international air and sea cargo forwarding, expert customs clearance, distribution and after-sales support, alongside postal and advisory solutions. Furthermore, its diversified portfolio includes truckload transport brokering; tailored supply chain management for the healthcare and life sciences sectors; sophisticated shipping, tracking, and invoicing technologies; and a suite of financial and insurance offerings. Supporting these extensive operations is an impressive operational fleet of around 121,000 vehicles, comprising package cars, vans, tractors, and motorcycles. Additionally, it possesses 59,000 specialized containers integral for cargo transport aboard its aircraft. Established in 1907, United Parcel Service, Inc. has its corporate headquarters situated in Atlanta, Georgia.
- Sector
- Industrials
- Industry
- Integrated Freight & Logistics
- CEO
- Carol Tome