Return on Assets (ROA)
since 2005
Calculation
United Parcel Service Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2025 | 7.62% | = | 100 | × | 5,572) | ÷ | 73,090) |
| Dec 31, 2024 | 8.25% | = | 100 | × | 5,782) | ÷ | 70,070) |
| Dec 31, 2023 | 9.47% | = | 100 | × | 6,708) | ÷ | 70,857) |
| Dec 31, 2022 | 16.24% | = | 100 | × | 11,548) | ÷ | 71,124) |
| Dec 31, 2021 | 18.57% | = | 100 | × | 12,890) | ÷ | 69,405) |
| Dec 31, 2020 | 2.15% | = | 100 | × | 1,343) | ÷ | 62,408) |
| Dec 31, 2019 | 7.67% | = | 100 | × | 4,440) | ÷ | 57,857) |
| Dec 31, 2018 | 9.58% | = | 100 | × | 4,791) | ÷ | 50,016) |
| Dec 31, 2017 | 10.81% | = | 100 | × | 4,910) | ÷ | 45,403) |
| Dec 31, 2016 | 8.50% | = | 100 | × | 3,431) | ÷ | 40,377) |
| Dec 31, 2015 | 12.64% | = | 100 | × | 4,844) | ÷ | 38,311) |
| Dec 31, 2014 | 8.55% | = | 100 | × | 3,032) | ÷ | 35,471) |
| Dec 31, 2013 | 12.07% | = | 100 | × | 4,372) | ÷ | 36,212) |
| Dec 31, 2012 | 2.08% | = | 100 | × | 807) | ÷ | 38,863) |
| Dec 31, 2011 | 10.96% | = | 100 | × | 3,804) | ÷ | 34,701) |
| Dec 31, 2010 | 10.38% | = | 100 | × | 3,488) | ÷ | 33,597) |
| Dec 31, 2009 | 6.75% | = | 100 | × | 2,152) | ÷ | 31,883) |
| Dec 31, 2008 | 9.42% | = | 100 | × | 3,003) | ÷ | 31,879) |
| Dec 31, 2007 | 0.98% | = | 100 | × | 382) | ÷ | 39,042) |
| Dec 31, 2006 | 12.65% | = | 100 | × | 4,202) | ÷ | 33,210) |
| Dec 31, 2005 | 10.99% | = | 100 | × | 3,870) | ÷ | 35,222) |
Based on: 10-K (reporting date: 2025-12-31), 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
The Return on Assets (ROA) exhibited considerable fluctuation over the period from 2005 to 2025. Initial years demonstrated a generally positive trend, followed by periods of volatility and, ultimately, stabilization at a lower level compared to the earlier peak.
- Initial Growth & Volatility (2005-2009)
- From 2005 to 2006, ROA increased from 10.99% to 12.65%, indicating improving profitability relative to asset utilization. However, a significant decline occurred in 2007, falling to 0.98%, followed by a recovery to 9.42% in 2008. The year 2009 saw a further decrease to 6.75%, suggesting a period of economic challenges impacting asset efficiency. This period highlights a substantial degree of volatility in the company’s ability to generate earnings from its assets.
- Moderate Recovery & Subsequent Decline (2010-2014)
- ROA experienced a moderate recovery between 2010 and 2013, rising from 10.38% to 12.07%. This suggests improved operational performance and asset management. However, 2014 witnessed a decline to 8.55%, interrupting the positive trend. The ROA remained relatively stable between 8.50% and 12.64% during this period, indicating a degree of consistency despite fluctuations.
- Recent Performance & Peak (2015-2022)
- From 2015 to 2019, ROA fluctuated between 8.50% and 10.81%, demonstrating a moderate level of profitability. A dramatic increase occurred in 2020 and 2021, reaching 2.15%, 18.57%, and 16.24% respectively. This substantial surge likely reflects exceptional circumstances, potentially related to increased demand or favorable market conditions. The ROA then decreased to 9.47% in 2022.
- Stabilization at Lower Levels (2023-2025)
- The final three years of the observed period (2023-2025) show a stabilization of ROA at a lower level than the peak observed in 2021. Values decreased from 6.708% to 5.782% and 5.572% respectively. This suggests a return to more typical profitability levels following the exceptional performance of 2020 and 2021, and a potential trend towards lower returns on assets.
Overall, the ROA demonstrates a cyclical pattern with periods of growth, volatility, and recent stabilization. The significant peak in 2021 warrants further investigation to understand the underlying drivers and whether these factors are sustainable. The recent decline and stabilization suggest a need for continued monitoring of asset utilization and profitability.
AI Ask an analyst for more
Comparison to Competitors
United Parcel Service Inc., ROA, long-term trends, comparison to competitors
| United Parcel Service Inc. | FedEx Corp. | Uber Technologies Inc. | Union Pacific Corp. | United Airlines Holdings Inc. | |
|---|---|---|---|---|---|
| Dec 31, 2025 | 7.62% | 4.67% | 16.27% | 10.24% | 4.39% |
| Dec 31, 2024 | 8.25% | 4.98% | 19.23% | 9.96% | 4.25% |
| Dec 31, 2023 | 9.47% | 4.56% | 4.88% | 9.50% | 3.68% |
| Dec 31, 2022 | 16.24% | 4.45% | -28.47% | 10.69% | 1.09% |
| Dec 31, 2021 | 18.57% | 6.32% | -1.28% | 10.27% | -2.88% |
| Dec 31, 2020 | 2.15% | 1.75% | -20.35% | 8.57% | -11.87% |
| Dec 31, 2019 | 7.67% | 0.99% | -26.78% | 9.60% | 5.72% |
| Dec 31, 2018 | 9.58% | 8.74% | — | 10.09% | 4.75% |
| Dec 31, 2017 | 10.81% | 6.17% | — | 18.53% | 5.03% |
| Dec 31, 2016 | 8.50% | 3.95% | — | 7.60% | 5.64% |
| Dec 31, 2015 | 12.64% | 2.83% | — | 8.74% | 17.96% |
| Dec 31, 2014 | 8.55% | 6.34% | — | 9.83% | 3.03% |
| Dec 31, 2013 | 12.07% | 4.65% | — | 8.82% | 1.55% |
| Dec 31, 2012 | 2.08% | 6.80% | — | 8.36% | -1.92% |
| Dec 31, 2011 | 10.96% | 5.30% | — | 7.30% | 2.21% |
| Dec 31, 2010 | 10.38% | 4.75% | — | 6.45% | 0.64% |
| Dec 31, 2009 | 6.75% | 0.40% | — | 4.48% | -3.48% |
| Dec 31, 2008 | 9.42% | 4.39% | — | 5.89% | -27.48% |
| Dec 31, 2007 | 0.98% | 8.40% | — | 4.88% | 1.66% |
| Dec 31, 2006 | 12.65% | 7.96% | — | 4.40% | 90.17% |
| Dec 31, 2005 | 10.99% | 7.10% | — | 2.88% | -109.48% |
Based on: 10-K (reporting date: 2025-12-31), 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).
Comparison to Sector (Transportation)
United Parcel Service Inc., ROA, long-term trends, comparison to sector (transportation)
| United Parcel Service Inc. | Transportation | |
|---|---|---|
| Dec 31, 2025 | 7.62% | 8.19% |
| Dec 31, 2024 | 8.25% | 8.53% |
| Dec 31, 2023 | 9.47% | 6.44% |
| Dec 31, 2022 | 16.24% | 4.34% |
| Dec 31, 2021 | 18.57% | 6.88% |
| Dec 31, 2020 | 2.15% | -2.01% |
| Dec 31, 2019 | 7.67% | 2.09% |
| Dec 31, 2018 | 9.58% | 8.46% |
| Dec 31, 2017 | 10.81% | 10.69% |
| Dec 31, 2016 | 8.50% | 6.44% |
| Dec 31, 2015 | 12.64% | 10.54% |
| Dec 31, 2014 | 8.55% | 7.21% |
| Dec 31, 2013 | 12.07% | 6.97% |
| Dec 31, 2012 | 2.08% | 3.95% |
| Dec 31, 2011 | 10.96% | 6.47% |
| Dec 31, 2010 | 10.38% | 5.46% |
| Dec 31, 2009 | 6.75% | 2.98% |
| Dec 31, 2008 | 9.42% | 0.96% |
| Dec 31, 2007 | 0.98% | 3.72% |
| Dec 31, 2006 | 12.65% | 25.89% |
| Dec 31, 2005 | 10.99% | -13.41% |
Based on: 10-K (reporting date: 2025-12-31), 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).
Comparison to Industry (Industrials)
United Parcel Service Inc., ROA, long-term trends, comparison to industry (industrials)
| United Parcel Service Inc. | Industrials | |
|---|---|---|
| Dec 31, 2025 | 7.62% | 6.35% |
| Dec 31, 2024 | 8.25% | 5.24% |
| Dec 31, 2023 | 9.47% | 5.61% |
| Dec 31, 2022 | 16.24% | 3.31% |
| Dec 31, 2021 | 18.57% | 3.40% |
| Dec 31, 2020 | 2.15% | 0.04% |
| Dec 31, 2019 | 7.67% | 2.56% |
| Dec 31, 2018 | 9.58% | 3.16% |
| Dec 31, 2017 | 10.81% | 3.59% |
| Dec 31, 2016 | 8.50% | 4.55% |
| Dec 31, 2015 | 12.64% | 3.52% |
| Dec 31, 2014 | 8.55% | 4.31% |
| Dec 31, 2013 | 12.07% | 3.91% |
| Dec 31, 2012 | 2.08% | 3.38% |
| Dec 31, 2011 | 10.96% | 3.69% |
| Dec 31, 2010 | 10.38% | 3.03% |
| Dec 31, 2009 | 6.75% | 2.24% |
| Dec 31, 2008 | 9.42% | 3.10% |
| Dec 31, 2007 | 0.98% | 3.87% |
| Dec 31, 2006 | 12.65% | 6.41% |
| Dec 31, 2005 | 10.99% | 1.42% |
Based on: 10-K (reporting date: 2025-12-31), 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).