Stock Analysis on Net
Stock Analysis on Net

United Parcel Service Inc. (NYSE:UPS)

$24.99

Operating Profit Margin
since 2005

Microsoft Excel

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Calculation

United Parcel Service Inc., operating profit margin, long-term trends, calculation

Microsoft Excel
Operating profit margin = 100 × Operating profit1 ÷ Revenue1
Dec 31, 2024 = 100 × ÷
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Dec 31, 2005 = 100 × ÷

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions

Operating Profit
The operating profit experienced significant fluctuations over the period analyzed. Initially, it grew from 6,143 million USD in 2005 to a peak of 6,635 million USD in 2006, followed by a sharp decline to 578 million USD in 2007. It then recovered and fluctuated, reaching another peak of 7,798 million USD in 2019. The highest value was observed in 2021 at 12,810 million USD with a slight increase to 13,094 million USD in 2022. However, a notable decline occurred in the following two years, dropping to 9,141 million USD in 2023 and further to 8,468 million USD in 2024.
Revenue
Revenue demonstrated a general upward trend over the entire period. Starting at 42,581 million USD in 2005, it increased steadily to surpass 100,000 million USD in 2022 at 100,338 million USD. There was continuous growth without any major decreases except a minor dip from 100,338 million USD in 2022 to 90,958 and 91,070 million USD in 2023 and 2024 respectively, indicating a recent plateau or slight downturn.
Operating Profit Margin
The operating profit margin displayed volatility throughout the years. It began at a strong 14.43% in 2005, declined sharply to 1.16% in 2007, and then gradually recovered, with fluctuations between approximately 8.39% and 13.14% up to 2017. From 2018 onwards, the margin remained relatively stable, generally between 9% and 13%. The margin peaked at 13.17% in 2021 but declined afterward to 9.3% by 2024, suggesting reduced profitability efficiency in the most recent years.
Overall Analysis
The financial data reveals a company with growing revenues but fluctuating profits and profitability margins. While revenues show a consistent long-term growth trajectory, operating profit and margin figures highlight periods of operational challenges and recovery. The peak in profitability around 2021 indicates strong performance during that year, followed by declines in subsequent years that may warrant further investigation into cost management, market conditions, or operational changes affecting profit generation and margin sustainability.

Comparison to Competitors

United Parcel Service Inc., operating profit margin, long-term trends, comparison to competitors

Microsoft Excel
United Parcel Service Inc. FedEx Corp. Uber Technologies Inc. Union Pacific Corp. United Airlines Holdings Inc.
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Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).