United Parcel Service (UPS) Return on Invested Capital [ROIC] (2009 - 2026)
United Parcel Service's Return on Invested Capital [ROIC] was 12.25% in Q3 2026, down 3.85 percentage points from 16.11% a year earlier and down 0.60 percentage points from the prior quarter.
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Analysis
United Parcel Service (UPS) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at United Parcel Service came in at 15.61%, down 1.35 percentage points from FY2024.
- Return on Invested Capital [ROIC] has now declined for four consecutive years, with a five-year change of -4.21 percentage points (FY2020 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was 16.96% in FY2024 (-1.14 pp), 18.10% in FY2023 (-8.13 pp), 26.23% in FY2022 (-3.81 pp) and 30.03% in FY2021 (+10.21 pp).
- The Q3 2026 figure marks the lowest quarterly Return on Invested Capital [ROIC] since Q3 2013.
- Compared with a year earlier, Return on Invested Capital [ROIC] has declined for four straight quarters, with an average year-over-year change of -1.37 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q4 2021 (a gain of 8.57 percentage points); the worst was Q3 2023 (a drop of 8.52 percentage points).
- Per Business Quant data, UPS's Return on Invested Capital [ROIC] in the three quarters before Q3 2026 was 12.85% (Q2 2026), 14.39% (Q1 2026) and 15.11% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 172.47 Bn | 164.72 Bn | - | 15.71% |
| 2 | United Parcel Service | 92.24 Bn | 69.07 Bn | - | 12.25% |
| 3 | Csx | 90.81 Bn | 86.03 Bn | - | 12.59% |
| 4 | Canadian Pacific Kansas City | 81.61 Bn | 80.64 Bn | - | 5.96% |
| 5 | Fedex | 72.98 Bn | 39.17 Bn | - | 7.49% |
| 6 | Norfolk Southern | 71.87 Bn | 66.34 Bn | - | 9.67% |
| 7 | Delta Air Lines | 57.23 Bn | 39.41 Bn | - | 10.82% |
| 8 | United Airlines Holdings | 36.65 Bn | -21.05 Bn | - | 8.90% |
| 9 | Old Dominion Freight Line | 34.12 Bn | 32.96 Bn | - | 25.01% |
| 10 | Ryanair Holdings | 31.32 Bn | 15.58 Bn | - | 14.81% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 12.25% |
| Jun 30, 2026 | 12.85% |
| Mar 31, 2026 | 14.39% |
| Dec 31, 2025 | 15.11% |
| Sep 30, 2025 | 16.11% |
| Jun 30, 2025 | 17.18% |
| Mar 31, 2025 | 17.89% |
| Dec 31, 2024 | 17.12% |
| Sep 30, 2024 | 15.78% |
| Jun 30, 2024 | 15.10% |
| Mar 31, 2024 | 16.77% |
| Dec 31, 2023 | 17.91% |
| Sep 30, 2023 | 18.63% |
| Jun 30, 2023 | 20.68% |
| Mar 31, 2023 | 22.77% |
| Dec 31, 2022 | 25.70% |
| Sep 30, 2022 | 27.14% |
| Jun 30, 2022 | 26.78% |
| Mar 31, 2022 | 26.69% |
| Dec 31, 2021 | 27.46% |
API Access
United Parcel Service Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=UPS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "UPS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=UPS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();