UPSHIGH SIGNALFINANCIAL10-K

UPS reported extraordinary 312% revenue growth to $65.9B while operating cash flow declined 16.5%, indicating potential acquisition activity or major business transformation.

The massive revenue increase far exceeds organic growth capabilities for a mature logistics company, strongly suggesting a major acquisition or business combination occurred during this period. The simultaneous decline in operating cash flow despite revenue growth raises questions about the profitability and integration costs of this expansion.

Comparing 2026-02-17 vs 2025-02-18View on EDGAR →
FINANCIAL ANALYSIS

UPS demonstrated dramatic financial expansion with revenue surging 312% to $65.9B, while simultaneously experiencing declining operational efficiency as operating cash flow fell 16.5% to $8.4B. The company increased leverage with total debt rising 12.1% to $23.6B and doubled share buybacks to $1.0B, while inventory declined 10.5%, suggesting improved working capital management. This financial profile indicates a transformational period involving significant M&A activity, with mixed signals on operational performance and increased financial leverage to fund growth initiatives.

FINANCIAL STATEMENT CHANGES
Revenue
P&L
+312.3%
$16.0B→$65.9B

Strong top-line growth of 312.3% — accelerating demand or successful expansion into new markets.

Share Buybacks
Cash Flow
+100%
$500.0M→$1.0B

Share repurchases increased 100% — management returning capital, signals confidence in intrinsic value.

Operating Cash Flow
Cash Flow
-16.5%
$10.1B→$8.4B

Operating cash flow softened — monitor whether temporary working capital timing or structural deterioration.

Total Debt
Balance Sheet
+12.1%
$21.0B→$23.6B

Debt rose 12.1% — additional borrowing for investment or operations; monitor coverage ratios.

Inventory
Balance Sheet
-10.5%
$826.0M→$739.0M

Inventory reduced 10.5% — lean inventory management or demand outpacing supply.

LANGUAGE CHANGES
NEW — 2026-02-17
PRIOR — 2025-02-18
ADDED
See definitions of "large accelerated filer", "accelerated filer", "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.
As of February 2, 2026, there were 105,245,883 outstanding shares of class A common stock and 743,855,831 outstanding shares of class B common stock.
Management s Discussion and Analysis of Financial Condition and Results of Operations 23 Overview 23 Supplemental Information - Items Affecting Comparability 25 U.S.
Domestic Package Operations 30 International Package Operations 33 Supply Chain Solutions ("SCS") Operations 35 Consolidated Operating Expenses 37 Other Income and (Expense) 40 Income Tax Expense 41 Liquidity and Capital Resources 42 Collective Bargaining Agreements 47 New Accounting Pronouncements 47 Critical Accounting Estimates 48 Item 7A.
Form 10-K Summary 130 PART I Introductory Note In this Annual Report on Form 10-K ("Annual Report" and "this report"), the "Company," "we," "us" and "our" refer to United Parcel Service, Inc.
+7 more — sign up free →
REMOVED
See definitions of large accelerated filer , accelerated filer , smaller reporting company, and "emerging growth company" in Rule 12b-2 of the Exchange Act.
As of February 3, 2025, there were 114,298,155 outstanding shares of class A common stock and 739,873,795 outstanding shares of class B common stock.
Management s Discussion and Analysis of Financial Condition and Results of Operations 22 Overview 22 Supplemental Information - Items Affecting Comparability 26 U.S.
Domestic Package Operations 33 International Package Operations 36 Supply Chain Solutions Operations 39 Consolidated Operating Expenses 42 Other Income and (Expense) 46 Income Tax Expense 47 Liquidity and Capital Resources 48 Collective Bargaining Agreements 53 New Accounting Pronouncements 53 Critical Accounting Estimates 54 Item 7A.
("UPS"), founded in 1907, is a global package delivery and logistics provider.
+7 more — sign up free →
MORE FINANCIAL SIGNALS
PNRGHIGHPNRG achieved exceptional profitability improvement with net income surging 2,21...
2026-04-16
BNAIHIGHBNAI underwent a dramatic reverse stock split that reduced share count by 86% wh...
2026-04-16
LAKEHIGHLAKE's financial performance deteriorated significantly with operating losses wo...
2026-04-16
NXXTHIGHNextNRG experienced massive financial deterioration with operating losses explod...
2026-04-16
ANALYZE ANY FILING FREE

See what changed in your portfolio's filings

500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.

Try Tracenotes free →