United Parcel Service, Inc. Financial Ratios — UPAB Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	50.67	13.81	78.58	70.39	210.11	238.05	701.22	238.66	141.22	68.45	172.9	67.85	36.17	33.99	33.83
Return on Assets (%)	11.14	2.19	11.65	8.46	13.14	8.7	11.41	10.02	8.23	2.23	19.56	16.44	9.45	8.21	7.78
Return on Capital (%)	21.73	6.32	26.43	21.54	34.06	22.06	24.95	20.64	17.31	6.19	39.37	29.11	16.77	14.94	14.59
Return on Invested Capital (%)	21.64	6.25	26.55	21.62	34.27	31.03	24.87	21.97	21.48	18.77	29.28	24.62	16.42	15.27	14.08
Gross Margin (%)	19.28	10.33	20.4	16.32	21.08	19.98	18.9	17.38	18.51	18.06	20.85	20.94	18.95	17.96	18.08
EBITDA Margin (%)	14.8	5.91	16.06	11.83	16.71	16.09	14.73	12.85	13.71	12.27	16.2	16.23	13.75	13.26	13.1
Operating Margin (%)	11.45	2.48	12.69	8.53	13.14	12.48	11.31	9.77	10.52	9.08	13.17	13.05	10.05	9.3	8.87
Incremental Operating Margin (%)	12.33	- -	434.1	- -	2,061.07	0.62	- -	- -	34.66	- -	40.49	9.31	42.14	- -	24.95
Pretax Margin (%)	10.88	1.8	12.04	7.96	12.58	8.31	10.72	8.38	7.63	2.18	17.06	14.78	9.43	8.17	8.08
Profit Margin (%)	7.16	1.49	7.89	5.21	8.3	5.55	7.37	6.67	5.99	1.59	13.25	11.51	7.37	6.35	6.28
Net Income to Common Margin (%)	7.16	1.49	7.89	5.21	8.3	5.55	7.37	6.67	5.99	1.59	13.25	11.51	7.37	6.35	6.28
Effective Tax Rate (%)	34.14	17.15	34.49	34.61	34.02	33.18	31.27	20.4	21.44	27.17	22.33	22.1	21.75	22.31	22.22
Dvd Payout Ratio (%)	52.5	263.94	51.69	78.03	52.13	77.24	56.49	62.85	71.94	251.23	26.66	44.28	80.08	93.38	96.88
Sustainable Growth Rate (%)	24.07	-22.64	37.96	15.46	100.59	54.19	305.08	88.67	39.63	-103.52	126.8	37.8	7.2	2.25	1.06

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	11,128	12,870	10,872	10,779	14,334	16,075	24,289	22,736	28,167	27,754	25,528	23,521	26,729	25,652	28,590
ST Debt	33	1,781	48	923	3,018	3,681	4,011	2,805	3,958	3,183	2,711	2,962	4,057	2,571	1,371
LT Debt	11,095	11,089	10,824	9,856	11,316	12,394	20,278	19,931	24,209	24,571	22,817	20,559	22,672	23,081	27,219
Total Debt/EBITDA	1.42	4.02	1.22	1.56	1.47	1.62	2.48	2.46	2.77	2.67	1.62	1.44	2.14	2.12	2.46
Net Debt/EBITDA	1.03	1.73	0.7	1.23	1.19	1.27	2.14	2.01	1.97	1.81	0.74	0.86	1.53	1.26	1.57
Total Debt/EBIT	1.83	9.58	1.55	2.17	1.87	2.09	3.23	3.24	3.61	3.61	1.99	1.8	2.92	3.03	3.63
Net Debt/EBIT	1.33	4.13	0.88	1.71	1.51	1.64	2.79	2.64	2.56	2.44	0.91	1.07	2.09	1.79	2.32
EBITDA to Interest Expense	22.59	8.15	23.42	19.52	28.6	26.02	21.66	15.26	15.56	14.81	22.71	23.13	15.89	13.95	11.42
EBITDA-CapEx/Interest Expense	22.59	8.15	23.42	19.52	28.6	26.02	21.66	15.26	15.56	14.81	22.71	23.13	15.89	13.95	11.42
EBIT to Interest Expense	17.47	3.42	18.51	14.07	22.49	20.18	16.62	11.61	11.94	10.96	18.46	18.6	11.61	9.78	7.74
Interest Expense	348	393	380	353	341	381	453	605	653	701	694	704	787	866	1,017
Common Equity/Total Assets	20.27	11.97	17.88	6.04	6.45	1	2.18	6.04	5.65	1.05	20.54	27.82	24.42	23.86	22.2
Long-Term Debt/Equity (%)	156.09	234.29	166.83	456.72	454.28	2,889.04	1,980.27	656.27	737.4	3,672.8	159.91	103.82	130.95	137.85	167.45
Long-Term Debt/Capital (%)	60.84	62.99	62.35	76.18	67.26	75.1	80.11	77.33	76.98	86.45	57.33	47.45	51.48	54.44	60.7
Long-Term Debt/Total Assets (%)	31.97	28.53	29.89	27.81	29.54	30.7	44.49	39.85	41.84	39.37	32.88	28.91	32	32.94	37.24
Total Debt/Equity (%)	156.56	271.92	167.57	499.49	575.43	3,747.09	2,371.97	748.63	857.97	4,148.58	178.91	118.77	154.38	153.21	175.88
Total Debt/Capital (%)	61.02	73.11	62.63	83.32	85.19	97.4	95.95	88.22	89.56	97.65	64.15	54.29	60.69	60.51	63.75
Total Debt/Total Assets (%)	32.07	33.12	30.02	30.41	37.41	39.81	53.3	45.46	48.68	44.47	36.78	33.07	37.72	36.61	39.12
Net Debt to Equity	113.87	117.11	95.67	393.33	465.84	2,936.83	2,047.75	609.52	609.2	2,801.79	81.72	71	110.29	90.62	112.21
Net Debt/Capital (%)	53.24	53.94	48.89	79.73	82.33	96.71	95.34	85.91	76.3	83.26	39.47	37.27	46.72	41.82	46.82
EBITDA	7,862	3,201	8,901	6,891	9,752	9,912	9,811	9,231	10,158	10,382	15,763	16,282	12,507	12,077	11,613
EBITDA-CapEx	7,862	3,201	8,901	6,891	9,752	9,912	9,811	9,231	10,158	10,382	15,763	16,282	12,507	12,077	11,613
Operating Income (Loss)	6,080	1,343	7,034	4,968	7,668	7,688	7,529	7,024	7,798	7,684	12,810	13,094	9,141	8,468	7,867

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.66	0.94	0.74	0.38	0.44	0.39	0.32	0.36	0.37	0.37	0.6	0.42	0.34	0.38	0.38
Current Ratio	1.89	1.86	1.88	1.3	1.23	1.18	1.22	1.15	1.11	1.19	1.42	1.22	1.1	1.17	1.22
Quick Ratio	1.62	1.67	1.65	1.15	1.11	1.1	1.12	1.06	0.99	1	1.32	1.11	0.98	1.05	1.09
CFO/Avg Current Liab	1.14	0.97	0.94	0.73	0.77	0.58	0.12	0.94	0.59	0.65	0.87	0.79	0.57	0.59	0.53
Common Equity/Total Assets	20.27	11.97	17.88	6.04	6.45	1	2.18	6.04	5.65	1.05	20.54	27.82	24.42	23.86	22.2
Long-Term Debt/Equity (%)	156.09	234.29	166.83	456.72	454.28	2,889.04	1,980.27	656.27	737.4	3,672.8	159.91	103.82	130.95	137.85	167.45
Long-Term Debt/Capital (%)	60.84	62.99	62.35	76.18	67.26	75.1	80.11	77.33	76.98	86.45	57.33	47.45	51.48	54.44	60.7
Long-Term Debt/Total Assets (%)	31.97	28.53	29.89	27.81	29.54	30.7	44.49	39.85	41.84	39.37	32.88	28.91	32	32.94	37.24
Total Debt/Equity (%)	156.56	271.92	167.57	499.49	575.43	3,747.09	2,371.97	748.63	857.97	4,148.58	178.91	118.77	154.38	153.21	175.88
Total Debt/Capital (%)	61.02	73.11	62.63	83.32	85.19	97.4	95.95	88.22	89.56	97.65	64.15	54.29	60.69	60.51	63.75
Total Debt/Total Assets (%)	32.07	33.12	30.02	30.41	37.41	39.81	53.3	45.46	48.68	44.47	36.78	33.07	37.72	36.61	39.12
CFO/Total Liabilities	25.63	21.14	24.57	17.2	20.74	16.2	3.32	27.06	15.83	16.94	27.22	27.48	19.12	18.98	14.87
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	4.49	- -	- -	4.46	4.29	4.27	3.97	3.65	3.33	3.6	4.74	4.59	4.05	- -	3.22

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	8.95	8.76	8.79	8.85	8.46	8.31	8.09	8.11	8.01	8.34	8.35	7.99	7.64	8.25	8.03
Days Sales Outstanding	40.8	41.66	41.52	41.25	43.14	43.93	45.14	45.03	45.59	43.78	43.69	45.7	47.75	44.26	45.45
Inventory Turnover	- -	131.53	110.87	130.46	141.29	151.7	144.77	143.93	129.56	122.62	115.19	98.78	80.83	84.85	92.82
Days Inventory Outstanding	- -	2.78	3.29	2.8	2.58	2.41	2.52	2.54	2.82	2.98	3.17	3.69	4.52	4.3	3.93
Accounts Payable Turnover	- -	21.22	18.56	18.6	17.23	17.53	15.5	13.02	11.26	11.57	11.03	10.57	10.65	11.8	11.22
Accounts Payable Turnover Days	- -	17.2	19.67	19.62	21.18	20.82	23.55	28.03	32.42	31.56	33.08	34.52	34.28	30.93	32.54
Cash Conversion Cycle	- -	27.24	25.15	24.43	24.54	25.51	24.11	19.53	15.98	15.2	13.78	14.87	17.99	17.64	16.84
Inventory to Cash Days	- -	38.89	38.23	38.46	40.55	41.52	42.62	42.49	42.77	40.8	40.52	42	43.24	39.96	41.52
Inventories	345	393	403	344	308	342	404	421	511	620	717	889	935	826	739
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	345	393	403	344	308	342	404	421	511	620	717	889	935	826	739

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	71,267	- -	- -	100,825	85,771	100,269	102,412	92,742	102,068	146,965	187,202	154,398	143,917	- -	84,671
- Cash & Cash Equivalents	3,034	7,327	4,665	2,291	2,730	3,476	3,320	4,225	5,238	5,910	10,255	5,602	3,169	6,112	5,887
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	73	80	14	17	21	24	30	16	16	12	16	17	8	25	28
+ Total Debt	11,128	12,870	10,872	10,779	14,334	16,075	24,289	22,736	28,167	27,754	25,528	23,521	26,729	25,652	28,590
Enterprise Value	78,193	- -	- -	108,338	95,400	111,801	122,662	110,459	124,510	168,415	202,153	170,341	164,619	- -	107,402
Total Capital	18,236	17,603	17,360	12,937	16,825	16,504	25,313	25,773	31,450	28,423	39,797	43,324	44,043	42,395	44,845
Total Debt/Capital (%)	61.02	73.11	62.63	83.32	85.19	97.4	95.95	88.22	89.56	97.65	64.15	54.29	60.69	60.51	63.75
Total Debt / EV	0.14	- -	- -	0.1	0.15	0.14	0.2	0.21	0.23	0.16	0.13	0.14	0.16	- -	0.27
EV/Sales	1.47	- -	- -	1.86	1.63	1.81	1.84	1.54	1.68	1.99	2.08	1.7	1.81	- -	1.21
EV/EBITDA	9.95	- -	- -	15.72	9.78	11.28	12.5	11.97	12.26	16.22	12.82	10.46	13.16	- -	9.25
EV/EBIT	12.86	- -	- -	21.81	12.44	14.54	16.29	15.73	15.97	21.92	15.78	13.01	18.01	- -	13.65
EV/Cash Flow to Firm	10.71	- -	- -	18.19	12.46	16.62	68.51	8.37	13.6	15.35	13	11.63	15.17	- -	11.62
EV/Free Cash Flow to Firm	10.71	- -	- -	18.19	12.46	16.62	68.51	8.37	13.6	15.35	13	11.63	15.17	- -	11.62
Diluted Market Cap	73,339	- -	- -	102,942	87,707	102,422	104,319	94,039	103,497	148,053	188,988	157,311	144,993	- -	84,780
Diluted Enterprise Value	80,265	- -	- -	110,455	97,336	113,954	124,569	111,756	125,939	169,503	203,939	173,254	165,695	- -	107,511
EV per Share	81.2	- -	- -	119.71	107.67	128.75	142.8	128.74	145.29	194.79	232.44	198.35	192.85	- -	126.52
TTM Sales	53,105	54,127	55,438	58,232	58,363	61,610	66,585	71,861	74,094	84,628	97,287	100,338	90,958	91,070	88,661
TTM EBITDA	7,862	3,201	8,901	6,891	9,752	9,912	9,811	9,231	10,158	10,382	15,763	16,282	12,507	12,077	11,613
TTM Operating Income	6,080	1,343	7,034	4,968	7,668	7,688	7,529	7,024	7,798	7,684	12,810	13,094	9,141	8,468	7,867
TTM Cash Flow to Firm	7,302	7,542	7,553	5,957	7,655	6,728	1,790	13,193	9,152	10,970	15,546	14,652	10,854	10,795	9,241
TTM Free Cash Flow to Firm	7,302	7,542	7,553	5,957	7,655	6,728	1,790	13,193	9,152	10,970	15,546	14,652	10,854	10,795	9,241

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	10.37	- -	- -	17.98	11.8	15.82	70.53	7.4	11.98	14.16	12.59	11.15	14.16	- -	10.03
EV/EBIT	12.86	- -	- -	21.81	12.44	14.54	16.29	15.73	15.97	21.92	15.78	13.01	18.01	- -	13.65
Enterprise Value	78,193	- -	- -	108,338	95,400	111,801	122,662	110,459	124,510	168,415	202,153	170,341	164,619	- -	107,402
Low Price	68.43	- -	- -	94.56	93.3	87.26	102.74	100.53	113.67	78.7	155.08	162.65	167.34	- -	81.99
EV/Sales	1.47	- -	- -	1.86	1.63	1.81	1.84	1.54	1.68	1.99	2.08	1.7	1.81	- -	1.21
EV/EBITDA	9.95	- -	- -	15.72	9.78	11.28	12.5	11.97	12.26	16.22	12.82	10.46	13.16	- -	9.25
Price/Earnings	19.08	- -	- -	33.66	18.01	29.8	21.17	19.54	23.18	109.73	14.59	13.56	21.59	- -	15.2
Price/Earnings Average	18.62	- -	- -	30.43	18.8	27.71	19.88	22.29	23.28	83.72	12.95	14.51	23.4	- -	13.92
Price/Earnings High	19.48	- -	- -	33.89	21.55	30.96	22.16	24.71	24.19	115.7	14.98	17.72	25.35	- -	16.16
Price/Earnings Low	17.65	- -	- -	28.57	17.35	22.52	18.24	18.17	22.12	50.81	10.51	12.27	21.43	- -	12.49
Price/Book Value	10.13	- -	- -	47.09	34.73	247.58	103.03	30.7	31.24	223.69	13.13	7.8	8.32	- -	5.22
Price/Book Value Average	9.89	- -	- -	42.58	36.25	230.26	96.76	35.02	31.39	170.67	11.65	8.35	9.01	- -	4.78
Price/Book Value High	10.34	- -	- -	47.42	41.56	257.29	107.86	38.82	32.61	235.85	13.48	10.2	9.76	- -	5.55
Price/Book Value Low	9.37	- -	- -	39.97	33.47	187.1	88.79	28.55	29.82	103.57	9.46	7.06	8.25	- -	4.29
Price/Tangible Book Value	16.39	- -	- -	-113.29	-34.34	-19.62	-21.15	-32.36	-37.62	-29.49	23.18	12.09	15.76	- -	13.29
Price/Tangible Book Value Average	15.99	- -	- -	-102.44	-35.85	-18.25	-19.86	-36.92	-37.8	-22.5	20.57	12.94	17.08	- -	12.17
Price/Tangible Book Value High	16.73	- -	- -	-114.08	-41.09	-20.39	-22.14	-40.92	-39.26	-31.09	23.8	15.8	18.51	- -	14.14
Price/Tangible Book Value Low	15.15	- -	- -	-96.16	-33.09	-14.83	-18.23	-30.09	-35.91	-13.65	16.7	10.94	15.65	- -	10.93
Price/Sales	1.37	- -	- -	1.75	1.49	1.65	1.56	1.3	1.39	1.74	1.93	1.56	1.59	- -	0.96
Price/Sales Average	1.33	- -	- -	1.58	1.56	1.54	1.46	1.49	1.4	1.33	1.72	1.67	1.73	- -	0.87
Price/Sales High	1.4	- -	- -	1.76	1.79	1.72	1.63	1.65	1.45	1.84	1.99	2.04	1.87	- -	1.02
Price/Sales Low	1.26	- -	- -	1.49	1.44	1.25	1.34	1.21	1.33	0.81	1.39	1.41	1.58	- -	0.79
Price/Cash Flow	10.26	- -	- -	17.82	11.74	15.75	70.21	7.36	11.91	14.09	12.54	11.1	14.15	- -	10.02
Price/Cash Flow Average	10.02	- -	- -	16.12	12.26	14.65	65.94	8.4	11.97	10.75	11.12	11.88	15.33	- -	9.18
Price/Cash Flow High	10.48	- -	- -	17.95	14.05	16.37	73.5	9.31	12.43	14.86	12.87	14.51	16.61	- -	10.66
Price/Cash Flow Low	9.49	- -	- -	15.13	11.31	11.9	60.51	6.85	11.37	6.52	9.03	10.04	14.04	- -	8.24
Price/Free Cash Flow Average	10.12	- -	- -	16.26	12.32	14.72	66.24	8.44	12.04	10.8	11.17	11.94	15.35	- -	9.19
Price/Free Cash Flow High	10.59	- -	- -	18.1	14.13	16.44	73.84	9.36	12.5	14.92	12.93	14.57	16.63	- -	10.67
Price/Free Cash Flow Low	9.59	- -	- -	15.26	11.38	11.96	60.78	6.88	11.43	6.55	9.07	10.09	14.06	- -	8.25
EV/Sales Average	1.44	- -	- -	1.69	1.7	1.7	1.75	1.72	1.69	1.58	1.86	1.81	1.94	- -	1.13
EV/Sales High	1.5	- -	- -	1.87	1.92	1.88	1.91	1.88	1.74	2.08	2.13	2.17	2.09	- -	1.27
EV/Sales Low	1.37	- -	- -	1.6	1.58	1.42	1.63	1.45	1.62	1.06	1.54	1.55	1.8	- -	1.04
EV/EBITDA Average	9.73	- -	- -	14.32	10.17	10.57	11.87	13.38	12.3	12.87	11.49	11.13	14.12	- -	8.63
EV/EBITDA High	10.13	- -	- -	15.82	11.51	11.68	12.99	14.62	12.7	16.99	13.14	13.37	15.17	- -	9.71
EV/EBITDA Low	9.26	- -	- -	13.51	9.46	8.81	11.06	11.26	11.8	8.62	9.5	9.56	13.08	- -	7.95
EV/EBIT Average	12.58	- -	- -	19.86	12.93	13.63	15.46	17.59	16.03	17.38	14.13	13.84	19.33	- -	12.75
EV/EBIT High	13.11	- -	- -	21.95	14.64	15.05	16.93	19.22	16.54	22.96	16.17	16.62	20.75	- -	14.33
EV/EBIT Low	11.98	- -	- -	18.74	12.04	11.36	14.41	14.8	15.37	11.65	11.7	11.89	17.89	- -	11.74
Last Price	74.01	- -	- -	111.41	96.81	115.47	119.22	108.09	119.1	169.98	215.25	179.78	168.6	- -	99.74
High Price	75.55	- -	- -	112.19	115.86	120	124.81	136.69	124.3	179.22	220.97	234.9	197.97	- -	106.06
Enterprise Value Average	76,469	- -	- -	98,682	99,176	104,787	116,429	123,520	124,989	133,581	181,056	181,179	176,660	- -	100,272
Enterprise Value High	79,680	- -	- -	109,043	112,284	115,735	127,459	134,993	128,964	176,401	207,132	217,673	189,694	- -	112,766
Enterprise Value Low	72,827	- -	- -	93,094	92,294	87,308	108,506	103,969	119,855	89,497	149,820	155,628	163,546	- -	92,335

Shares Outstanding	963	953	923	905	886	868	859	858	857	865	870	859	854	854	849
Diluted Weighted Avg Shares	991	969	948	924	906	887	875	870	869	871	878	875	860	856	850
Basic Weighted Avg Shares	981	960	940	916	901	883	871	866	864	867	874	871	859	855	849
Revenue per Share	54.13	56.38	58.98	63.57	64.78	69.77	76.45	82.98	85.76	97.61	111.31	115.2	105.89	106.51	104.43
EBITDA per Share	8.01	3.33	9.47	7.52	10.82	11.23	11.26	10.66	11.76	11.97	18.04	18.69	14.56	14.13	13.68
Operating Income per Share	6.2	1.4	7.48	5.42	8.51	8.71	8.64	8.11	9.03	8.86	14.66	15.03	10.64	9.9	9.27
Basic EPS, GAAP	3.88	0.84	4.65	3.31	5.38	3.88	5.63	5.53	5.14	1.55	14.75	13.26	7.81	6.76	6.56
Basic EPS from Cont Ops	3.88	0.84	4.65	3.31	5.38	3.88	5.63	5.53	5.14	1.55	14.75	13.26	7.81	6.76	6.56
Diluted EPS, GAAP	3.84	0.83	4.61	3.28	5.35	3.86	5.61	5.51	5.11	1.54	14.68	13.2	7.8	6.75	6.56
Diluted EPS from Cont Ops	3.84	0.83	4.61	3.28	5.35	3.86	5.61	5.51	5.11	1.54	14.68	13.2	7.8	6.75	6.56
Dividend per Share	2.04	2.22	2.4	2.58	2.8	2.99	3.18	3.48	3.7	3.89	3.93	5.87	6.25	6.31	6.36
Cash Flow per Share	7.21	7.52	7.77	6.25	8.25	7.33	1.7	14.68	10	12.06	17.17	16.19	11.92	11.84	9.95
Free Cash Flow per Basic Share	7.21	7.52	7.77	6.25	8.25	7.33	1.7	14.68	10	12.06	17.17	16.19	11.92	11.84	9.95
Cash & Equivalents per Share	4.44	8.31	5.68	3.63	5.33	5.26	4.74	5.87	6.7	7.31	12.18	8.84	7.07	7.4	6.93
Book Value per Share	7.31	4.88	7.01	2.37	2.79	0.47	1.16	3.52	3.81	0.76	16.39	23.04	20.27	19.58	19.12
Tangible Book Value per Share	4.52	1.97	3.8	-0.98	-2.82	-5.88	-5.64	-3.34	-3.17	-5.76	9.28	14.87	10.69	10.95	7.5

United Parcel Service, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)