United Parcel Service Inc (UPS) — Free Cash Flow Generation Index
United Parcel Service Inc (UPS) has a Free Cash Flow Generation Index of 0.78x as of December 2025. Free cash flow of $2.59 Billion represents 1% of operating cash flow ($3.30 Billion). See United Parcel Service Inc (UPS) liquidity to equity ratio to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
United Parcel Service Inc Free Cash Flow Generation Index (1998–2025)
Historical FCF Generation Index trend for United Parcel Service Inc across 28 annual periods. Explore cash flow to debt ratio of United Parcel Service Inc to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for United Parcel Service Inc (1998–2025)
Year-by-year Free Cash Flow Generation Index for United Parcel Service Inc. For the full company profile including market capitalisation, see UPS market cap overview.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.56x | $4.76 Billion | $8.45 Billion | $3.69 Billion | ▼ -8.1% |
| 2024 | 0.61x | $6.21 Billion | $10.12 Billion | $3.91 Billion | ▲ +23.7% |
| 2023 | 0.50x | $5.08 Billion | $10.24 Billion | $5.16 Billion | ▼ -25.0% |
| 2022 | 0.66x | $9.34 Billion | $14.10 Billion | $4.77 Billion | ▼ -8.1% |
| 2021 | 0.72x | $10.81 Billion | $15.01 Billion | $4.19 Billion | ▲ +49.3% |
| 2020 | 0.48x | $5.05 Billion | $10.46 Billion | $5.41 Billion | ▲ +84.5% |
| 2019 | 0.26x | $2.26 Billion | $8.64 Billion | $6.38 Billion | ▼ -48.3% |
| 2018 | 0.51x | $6.43 Billion | $12.71 Billion | $6.28 Billion | ▲ +120.0% |
| 2017 | -2.53x | $-3.75 Billion | $1.48 Billion | $5.23 Billion | ▼ -567.6% |
| 2016 | 0.54x | $3.51 Billion | $6.47 Billion | $2.96 Billion | ▼ -20.3% |
| 2015 | 0.68x | $5.05 Billion | $7.43 Billion | $2.38 Billion | ▲ +14.6% |
| 2014 | 0.59x | $3.40 Billion | $5.73 Billion | $2.33 Billion | ▼ -17.3% |
| 2013 | 0.72x | $5.24 Billion | $7.30 Billion | $2.06 Billion | ▲ +2.2% |
| 2012 | 0.70x | $5.06 Billion | $7.22 Billion | $2.15 Billion | ▼ -2.1% |
| 2011 | 0.72x | $5.07 Billion | $7.07 Billion | $2.00 Billion | ▲ +12.3% |
| 2010 | 0.64x | $2.45 Billion | $3.83 Billion | $1.39 Billion | ▼ -8.5% |
| 2009 | 0.70x | $3.68 Billion | $5.29 Billion | $1.60 Billion | ▲ +1.4% |
| 2008 | 0.69x | $5.79 Billion | $8.43 Billion | $2.64 Billion | ▲ +145.5% |
| 2007 | -1.51x | $-1.70 Billion | $1.12 Billion | $2.82 Billion | ▼ -437.3% |
| 2006 | 0.45x | $2.50 Billion | $5.59 Billion | $3.08 Billion | ▼ -28.0% |
| 2005 | 0.62x | $3.61 Billion | $5.79 Billion | $2.19 Billion | ▲ +3.6% |
| 2004 | 0.60x | $3.20 Billion | $5.33 Billion | $2.13 Billion | ▲ +3.5% |
| 2003 | 0.58x | $2.70 Billion | $4.65 Billion | $1.95 Billion | ▼ -17.6% |
| 2002 | 0.71x | $3.97 Billion | $5.63 Billion | $1.66 Billion | ▲ +80.0% |
| 2001 | 0.39x | $1.53 Billion | $3.90 Billion | $2.37 Billion | ▲ +80.6% |
| 2000 | 0.22x | $595.00 Million | $2.74 Billion | $2.15 Billion | ▼ -35.4% |
| 1999 | 0.34x | $747.00 Million | $2.22 Billion | $1.48 Billion | ▼ -21.2% |
| 1998 | 0.43x | $1.22 Billion | $2.87 Billion | $1.65 Billion | — |