UNITED PARCEL SERVICE INC（UPS）の決算・業績分析
UNITED PARCEL SERVICE INCの2025年有価証券報告書をAI分析。売上高$88.7B(-2.6%)。営業利益$7.9B。Industrials。
目次
UNITED PARCEL SERVICE INCの2025年度 業績サマリー
UNITED PARCEL SERVICE INC（証券コード: UPS）の2025年度決算・業績分析。売上高は$88.7B（前年比-2.6%）。営業利益は$7.9B（前年比-7.1%）。純利益は$5.6B（前年比-3.6%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
UNITED PARCEL SERVICE INCの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- UPS reported $100.3B revenue in FY2024 (+3.1% YoY) (XBRL), driven by consistent 4.8% CAGR over 5 years (XBRL).
- Net Income declined -10.4% YoY to $11.5B (XBRL), despite strong operating income (+2.2% YoY to $13.1B) (XBRL).
- Free Cash Flow reached $9.3B (XBRL), supported by $14.1B operating cash flow and $4.8B CapEx (XBRL).
- ROE of 66.7% (XBRL) reflects strong equity returns, though net debt stands at $17.8B (1.1x EBITDA) (XBRL).
- Amazon accounted for 11.8% of FY2024 revenue (10-K), with potential 50% volume reduction by 2026 (10-K).
UNITED PARCEL SERVICE INCの売上高変化の要因
- •Revenue grew 3.1% YoY to $100.3B (XBRL), with 5-year CAGR of 4.8% (XBRL). Historical data shows steady growth from $71.9B (FY2020) to $100.3B (FY2024) (XBRL). Supply Chain Solutions and International Package segments likely drove growth, though segment-specific revenue details are not disclosed (10-K).
UNITED PARCEL SERVICE INCの営業利益変化の要因
- •Operating margin remained stable at 13.1% (XBRL), while net margin declined to 11.5% (-10.4% YoY) (XBRL). EBITDA of $16.3B (16.2% margin) (XBRL) reflects efficient cost management despite net income contraction. Gross profit data is not available (N/A).
UNITED PARCEL SERVICE INCの事業リスクと対応
Economic volatility impacts global operations (10-K).
Intense competition from postal services, tech firms, and startups (10-K).
Reliance on Amazon (11.8% revenue) with potential 50% volume reduction by 2026 (10-K).
Customer contract terminations or changes could disrupt revenue (10-K).
Industry evolution demands faster delivery and tech innovation (10-K).
UNITED PARCEL SERVICE INCの今後の見通し・業績予想
UNITED PARCEL SERVICE INCの事業内容
UPS operates as a global leader in package delivery and logistics, generating revenue through transportation, distribution, and integrated logistics solutions (10-K). Key segments include U.S. Domestic Package, International Package, and Supply Chain Solutions, serving businesses across healthcare, B2B, and international markets (10-K). Competitive advantages include a global smart logistics network, RFID-enabled systems, and a strong brand (10-K). No significant customer concentration is reported (10-K).
UNITED PARCEL SERVICE INCのAI業績分析レポート（2024年度）
UPS FY2024 Annual Report Analysis
Highlights
Business Overview
UPS operates as a global logistics leader, generating revenue through package delivery, distribution, and integrated logistics solutions (10-K). Key segments include U.S. Domestic Package, International Package, and Supply Chain Solutions (10-K). Competitive advantages include a global smart logistics network, RFID-enabled systems, and strong brand equity (10-K). No significant customer concentration is reported (10-K).
Revenue Analysis
Revenue grew 3.1% YoY to $100.3B (XBRL), with 5-year CAGR of 4.8% (XBRL). Historical data shows growth from $71.9B (FY2020) to $100.3B (FY2024) (XBRL). Segment-specific revenue details are not disclosed (10-K).
Profitability Analysis
Operating margin of 13.1% (XBRL) and EBITDA margin of 16.2% (XBRL) reflect strong cost control. Net income declined -10.4% YoY to $11.5B (XBRL), with gross profit data unavailable (N/A).
Balance Sheet Analysis
Equity ratio of 24.3% (XBRL) and current ratio of 1.10x (XBRL) indicate moderate leverage. Total assets of $71.1B (XBRL) vs. total equity of $17.3B (XBRL). Net debt of $17.8B (1.1x EBITDA) (XBRL) highlights reliance on debt.
Cash Flow Analysis
Operating cash flow of $14.1B (XBRL) funded $9.3B FCF after $4.8B CapEx (XBRL). Dividends paid $5.1B (XBRL) and share repurchases totaled $3.5B (XBRL). Investing cash flow was -$7.5B (XBRL).
Working Capital Analysis
CCC of 21 days (XBRL) with 41 days receivables, 3 days inventory, and 23 days payables. Asset turnover of 1.41x (XBRL) indicates efficient asset use.
Risks
Outlook
Management guidance not explicitly detailed (10-K). Risks like Amazon's volume reduction agreement (10-K) and geopolitical conflicts (10-K) may impact future performance.
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 71.9B | 74.1B | 84.6B | 97.3B | 100.3B | 91.0B |
| Operating Income | 7.0B | 7.8B | 7.7B | 12.8B | 13.1B | 9.1B |
| Net Income | 4.8B | 4.4B | 1.3B | 12.9B | 11.5B | 6.7B |
| Total Assets | 50.0B | 57.9B | 62.4B | 69.4B | 71.1B | 70.1B |
| Total Equity | 3.3B | 657M | 14.3B | 19.8B | 17.3B | 16.7B |
| Operating Cash Flow | 12.7B | 8.6B | 10.5B | 15.0B | 14.1B | 10.2B |
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