United Parcel Service annual debt-to-ebitda ratio
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2025
United Parcel Service Debt-to-EBITDA Ratio Growth & History (UPS)
United Parcel Service's debt-to-ebitda ratio was 2.63 for fiscal 2025.
View full United Parcel Service company overviewUnited Parcel Service annual debt-to-ebitda ratio history
| Fiscal year | Period ended | Debt-to-EBITDA ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 2.63 | 0.39 | +17.62% |
| 2024 | 2024-12-31 | 2.24 | −0.00 | −0.07% |
| 2023 | 2023-12-31 | 2.24 | 0.79 | +54.95% |
| 2022 | 2022-12-31 | 1.44 | −0.20 | −12.20% |
| 2021 | 2021-12-31 | 1.65 | −1.06 | −39.20% |
| 2020 | 2020-12-31 | 2.71 | −0.12 | −4.10% |
| 2019 | 2019-12-31 | 2.82 | 0.30 | +11.94% |
| 2018 | 2018-12-31 | 2.52 | −0.01 | −0.23% |
| 2017 | 2017-12-31 | 2.53 | 0.86 | +51.58% |
| 2016 | 2016-12-31 | 1.67 | 0.15 | +9.77% |
| 2015 | 2015-12-31 | 1.52 | −0.12 | −7.26% |
| 2014 | 2014-12-31 | 1.64 | 0.36 | +28.47% |
| 2013 | 2013-12-31 | 1.27 | −2.88 | −69.35% |
| 2012 | 2012-12-31 | 4.16 | 2.68 | +181.89% |
| 2011 | 2011-12-31 | 1.48 | −0.00 | −0.29% |
| 2010 | 2010-12-31 | 1.48 | −0.33 | −18.35% |
| 2009 | 2009-12-31 | 1.81 | 0.44 | +32.08% |
| 2008 | 2008-12-31 | 1.37 | — | — |
United Parcel Service quarterly debt-to-ebitda ratio
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| Fiscal quarter | Period ended | Debt-to-EBITDA ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 2.97 | 0.41 | +15.85% |
| Q1 2026 | 2026-03-31 | 2.73 | 0.47 | +21.04% |
| Q4 2025 | 2025-12-31 | 2.63 | 0.39 | +17.62% |
| Q3 2025 | 2025-09-30 | 2.62 | 0.24 | +10.08% |
| Q2 2025 | 2025-06-30 | 2.56 | −0.01 | −0.31% |
| Q1 2025 | 2025-03-31 | 2.25 | 0.05 | +2.24% |
| Q4 2024 | 2024-12-31 | 2.24 | −0.00 | −0.07% |
| Q3 2024 | 2024-09-30 | 2.38 | 0.46 | +24.10% |
| Q2 2024 | 2024-06-30 | 2.57 | 0.86 | +50.39% |
| Q1 2024 | 2024-03-31 | 2.20 | 0.49 | +28.74% |
| Q4 2023 | 2023-12-31 | 2.24 | 0.79 | +54.95% |
| Q3 2023 | 2023-09-30 | 1.92 | 0.48 | +33.41% |
| Q2 2023 | 2023-06-30 | 1.71 | 0.23 | +15.76% |
| Q1 2023 | 2023-03-31 | 1.71 | 0.12 | +7.70% |
| Q4 2022 | 2022-12-31 | 1.44 | −0.20 | −12.20% |
| Q3 2022 | 2022-09-30 | 1.44 | −0.45 | −23.62% |
| Q2 2022 | 2022-06-30 | 1.48 | −0.53 | −26.41% |
| Q1 2022 | 2022-03-31 | 1.59 | −0.65 | −28.92% |
| Q4 2021 | 2021-12-31 | 1.65 | −1.06 | −39.20% |
| Q3 2021 | 2021-09-30 | 1.88 | −1.15 | −37.88% |
| Q2 2021 | 2021-06-30 | 2.00 | −1.39 | −40.99% |
| Q1 2021 | 2021-03-31 | 2.23 | −1.45 | −39.33% |
| Q4 2020 | 2020-12-31 | 2.71 | −0.12 | −4.10% |
| Q3 2020 | 2020-09-30 | 3.03 | 0.33 | +12.04% |
| Q2 2020 | 2020-06-30 | 3.40 | 0.62 | +22.27% |
| Q1 2020 | 2020-03-31 | 3.68 | 0.79 | +27.24% |
| Q4 2019 | 2019-12-31 | 2.82 | 0.30 | +11.94% |
| Q3 2019 | 2019-09-30 | 2.71 | 0.21 | +8.54% |
| Q2 2019 | 2019-06-30 | 2.78 | 0.38 | +15.87% |
| Q1 2019 | 2019-03-31 | 2.89 | 0.53 | +22.30% |
| Q4 2018 | 2018-12-31 | 2.52 | −0.01 | −0.23% |
| Q3 2018 | 2018-09-30 | 2.50 | 0.51 | +25.48% |
| Q2 2018 | 2018-06-30 | 2.40 | 0.54 | +28.87% |
| Q1 2018 | 2018-03-31 | 2.37 | 0.59 | +33.29% |
| Q4 2017 | 2017-12-31 | 2.53 | 0.86 | +51.58% |
| Q3 2017 | 2017-09-30 | 1.99 | 0.48 | +31.66% |
| Q2 2017 | 2017-06-30 | 1.86 | 0.43 | +30.43% |
| Q1 2017 | 2017-03-31 | 1.78 | 0.22 | +14.43% |
| Q4 2016 | 2016-12-31 | 1.67 | 0.15 | +9.77% |
| Q3 2016 | 2016-09-30 | 1.51 | −0.23 | −13.00% |
| Q2 2016 | 2016-06-30 | 1.43 | −0.15 | −9.55% |
| Q1 2016 | 2016-03-31 | 1.55 | −0.30 | −16.05% |
| Q4 2015 | 2015-12-31 | 1.52 | −0.12 | −7.26% |
| Q3 2015 | 2015-09-30 | 1.74 | 0.21 | +13.57% |
| Q2 2015 | 2015-06-30 | 1.58 | 0.07 | +4.42% |
| Q1 2015 | 2015-03-31 | 1.85 | 0.48 | +35.06% |
| Q4 2014 | 2014-12-31 | 1.64 | 0.36 | +28.47% |
| Q3 2014 | 2014-09-30 | 1.53 | −1.46 | −48.81% |
| Q2 2014 | 2014-06-30 | 1.51 | −2.23 | −59.64% |
| Q1 2014 | 2014-03-31 | 1.37 | −2.56 | −65.13% |
| Q4 2013 | 2013-12-31 | 1.27 | −2.88 | −69.35% |
| Q3 2013 | 2013-09-30 | 2.99 | 0.89 | +42.36% |
| Q2 2013 | 2013-06-30 | 3.74 | 2.12 | +130.98% |
| Q1 2013 | 2013-03-31 | 3.93 | 2.42 | +160.96% |
| Q4 2012 | 2012-12-31 | 4.16 | 2.68 | +181.89% |
| Q3 2012 | 2012-09-30 | 2.10 | 0.61 | +40.88% |
| Q2 2012 | 2012-06-30 | 1.62 | 0.15 | +9.93% |
| Q1 2012 | 2012-03-31 | 1.50 | −0.03 | −1.67% |
| Q4 2011 | 2011-12-31 | 1.48 | −0.00 | −0.29% |
| Q3 2011 | 2011-09-30 | 1.49 | 0.06 | +3.97% |
| Q2 2011 | 2011-06-30 | 1.47 | −0.22 | −12.74% |
| Q1 2011 | 2011-03-31 | 1.53 | −0.26 | −14.41% |
| Q4 2010 | 2010-12-31 | 1.48 | −0.33 | −18.35% |
| Q3 2010 | 2010-09-30 | 1.43 | — | — |
| Q2 2010 | 2010-06-30 | 1.69 | — | — |
| Q1 2010 | 2010-03-31 | 1.79 | — | — |
| Q4 2009 | 2009-12-31 | 1.81 | — | — |
United Parcel Service debt-to-ebitda ratio trends
Over the last five fiscal years, United Parcel Service's debt-to-ebitda ratio decreased from 2.71 to 2.63, a change of −0.08. The latest reported quarter, Q2 2026, shows 2.97.
About the metric
What the debt-to-EBITDA ratio means
Debt-to-EBITDA compares interest-bearing debt with operating earnings before interest, taxes, depreciation, and amortization. It is commonly used to assess leverage, but it is generally unsuitable for banks and other financial companies.
Calculation and source
How debt-to-EBITDA is calculated
TickerStat divides period-end total debt by annual EBITDA. Quarterly observations use trailing-12-month EBITDA. Periods with zero or negative EBITDA are excluded because the leverage multiple would not be meaningful. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review United Parcel Service source filings ↗