UPS
Market read
The latest filing evidence is available. 0 of 12 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.
Invalidation: The isolated read changes if UPS's group or a disclosed connection begins moving with it.
Research brief
The latest filing evidence is available. 0 of 12 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“Interest Expense Interest expense increased $34 million for the quarter ($78 million year to date), primarily due to higher average outstanding debt balances and higher interest cost on finance leases.”10-Q · Aug 5, 2026 ↗
“Within our air products, average daily volume decreased 2.3% for the quarter (down 5.7% year to date), driven by the continued execution of planned volume declines from our largest customer, partially offset by growth from SMB and healthcare customers.”10-Q · Aug 5, 2026 ↗
“The changes were primarily driven by: • Ground transportation expense increased $362 million for the quarter (up $338 million year to date) primarily due to an increase in fees paid to the USPS associated with outsourcing our Ground Saver product and increase…”10-Q · Aug 5, 2026 ↗
“In addition, our International Package and SCS businesses were also negatively impacted by a number of challenging macroeconomic conditions during 2023.”10-K · Feb 17, 2026 ↗
Valuation discipline
Price/sales 1.0× · EV/sales 1.2×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for UPS. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment
10-Q filed 2026-08-05 against the comparable filing from 2025-08-06.
Capital and cash conversion
Capital-spending intensity declined while free-cash-flow margin improved.
Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.
“Cost per piece increased 16.8% during the second quarter of 2026 (up 13.3% year to date) primarily driven by separation costs related to the Driver Choice Program, higher fees paid to the USPS associated with outsourcing our Ground Saver product, higher fuel costs, contractual wage rate increases and lower average daily volume and stops, partially offset by increased productivity and operational efficiencies from our network reconfiguration efforts.”
“The changes were primarily driven by: • Ground transportation expense increased $362 million for the quarter (up $338 million year to date) primarily due to an increase in fees paid to the USPS associated with outsourcing our Ground Saver product and increases in expense related to our digital businesses due to overall growth, partially offset by the impact of the decline in volume in Mail Innovations.”
“Interest Expense Interest expense increased $34 million for the quarter ($78 million year to date), primarily due to higher average outstanding debt balances and higher interest cost on finance leases.”
Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depended on by
“The Coyote Acquisition On September 16, 2024 (the “acquisition date”), the Company acquired the technology-driven, asset-light based truckload freight brokerage services business, as well as certain assets used to conduct haulage, dedicated transport and ware…”
Filing peers
Companies whose filings use similar operating language.
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What is moving around it
UPS is currently a Follower in the organic co-movement group Freight Transportation. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
Context history
No durable theme membership has been observed for this name yet.