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Side-by-side financial comparison of Allstate (ALL) and United Parcel Service (UPS). Click either name above to swap in a different company.
United Parcel Service is the larger business by last-quarter revenue ($21.2B vs $922.0M, roughly 23.0× Allstate). Allstate runs the higher net margin — 266.6% vs 4.1%, a 262.5% gap on every dollar of revenue. On growth, Allstate posted the faster year-over-year revenue change (7.2% vs -1.6%). Over the past eight quarters, United Parcel Service's revenue compounded faster (-1.4% CAGR vs -75.8%).
The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal ...
United Parcel Service, Inc. (UPS) is an American multinational shipping & receiving and supply chain management company founded in 1907. Originally known as the American Messenger Company specializing in telegraphs, UPS has expanded to become a Fortune 500 company and one of the world's largest shipping couriers. UPS today is primarily known for its ground shipping services as well as the UPS Store, a retail chain which assists UPS shipments and provides tools for small businesses.
ALL vs UPS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $922.0M | $21.2B |
| Net Profit | $2.5B | $864.0M |
| Gross Margin | — | — |
| Operating Margin | -1400.3% | 6.0% |
| Net Margin | 266.6% | 4.1% |
| Revenue YoY | 7.2% | -1.6% |
| Net Profit YoY | — | — |
| EPS (diluted) | $9.25 | $1.02 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $922.0M | $21.2B | ||
| Q4 25 | $17.3B | $24.5B | ||
| Q3 25 | $17.3B | $21.4B | ||
| Q2 25 | $16.6B | $21.2B | ||
| Q1 25 | $16.5B | $21.5B | ||
| Q4 24 | $16.5B | $25.3B | ||
| Q3 24 | $16.6B | $22.2B | ||
| Q2 24 | $15.7B | $21.8B |
| Q1 26 | $2.5B | $864.0M | ||
| Q4 25 | $3.8B | $1.8B | ||
| Q3 25 | $3.7B | $1.3B | ||
| Q2 25 | $2.1B | $1.3B | ||
| Q1 25 | $595.0M | $1.2B | ||
| Q4 24 | $1.9B | $1.7B | ||
| Q3 24 | $1.2B | $1.5B | ||
| Q2 24 | $331.0M | $1.4B |
| Q1 26 | -1400.3% | 6.0% | ||
| Q4 25 | — | 10.5% | ||
| Q3 25 | — | 8.4% | ||
| Q2 25 | — | 8.6% | ||
| Q1 25 | — | 7.7% | ||
| Q4 24 | — | 11.6% | ||
| Q3 24 | — | 8.9% | ||
| Q2 24 | — | 8.9% |
| Q1 26 | 266.6% | 4.1% | ||
| Q4 25 | 22.1% | 7.3% | ||
| Q3 25 | 21.7% | 6.1% | ||
| Q2 25 | 12.7% | 6.0% | ||
| Q1 25 | 3.6% | 5.5% | ||
| Q4 24 | 11.7% | 6.8% | ||
| Q3 24 | 7.2% | 6.9% | ||
| Q2 24 | 2.1% | 6.5% |
| Q1 26 | $9.25 | $1.02 | ||
| Q4 25 | $14.24 | $2.10 | ||
| Q3 25 | $13.95 | $1.55 | ||
| Q2 25 | $7.76 | $1.51 | ||
| Q1 25 | $2.11 | $1.40 | ||
| Q4 24 | $7.07 | $2.00 | ||
| Q3 24 | $4.33 | $1.80 | ||
| Q2 24 | $1.13 | $1.65 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $5.8B |
| Total DebtLower is stronger | — | $23.7B |
| Stockholders' EquityBook value | $31.6B | — |
| Total Assets | $124.0B | $71.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $5.8B | ||
| Q4 25 | $4.9B | $5.9B | ||
| Q3 25 | $8.7B | $6.8B | ||
| Q2 25 | $9.6B | $6.3B | ||
| Q1 25 | $6.5B | $5.1B | ||
| Q4 24 | $4.5B | $6.3B | ||
| Q3 24 | $7.0B | $6.1B | ||
| Q2 24 | $5.3B | $6.5B |
| Q1 26 | — | $23.7B | ||
| Q4 25 | $7.5B | $23.5B | ||
| Q3 25 | $8.1B | $23.9B | ||
| Q2 25 | $8.1B | $23.8B | ||
| Q1 25 | $8.1B | $19.5B | ||
| Q4 24 | $8.1B | $19.4B | ||
| Q3 24 | $8.1B | $20.3B | ||
| Q2 24 | $8.1B | $20.2B |
| Q1 26 | $31.6B | — | ||
| Q4 25 | $30.6B | $16.2B | ||
| Q3 25 | $27.5B | $15.8B | ||
| Q2 25 | $24.0B | $15.8B | ||
| Q1 25 | $22.1B | $15.7B | ||
| Q4 24 | $21.4B | $16.7B | ||
| Q3 24 | $20.9B | $16.9B | ||
| Q2 24 | $18.6B | $17.0B |
| Q1 26 | $124.0B | $71.8B | ||
| Q4 25 | $119.8B | $73.1B | ||
| Q3 25 | $120.4B | $71.4B | ||
| Q2 25 | $115.9B | $70.9B | ||
| Q1 25 | $115.2B | $68.5B | ||
| Q4 24 | $111.6B | $70.1B | ||
| Q3 24 | $113.7B | $68.3B | ||
| Q2 24 | $108.4B | $69.4B |
| Q1 26 | — | — | ||
| Q4 25 | 0.24× | 1.45× | ||
| Q3 25 | 0.29× | 1.51× | ||
| Q2 25 | 0.34× | 1.51× | ||
| Q1 25 | 0.37× | 1.25× | ||
| Q4 24 | 0.38× | 1.16× | ||
| Q3 24 | 0.39× | 1.21× | ||
| Q2 24 | 0.43× | 1.19× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | — |
| Free Cash FlowOCF − Capex | — | $1.3B |
| FCF MarginFCF / Revenue | — | 6.0% |
| Capex IntensityCapex / Revenue | — | 4.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $4.6B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $3.0B | $3.3B | ||
| Q3 25 | $3.3B | $2.5B | ||
| Q2 25 | $1.9B | $348.0M | ||
| Q1 25 | $2.0B | $2.3B | ||
| Q4 24 | $1.7B | $3.3B | ||
| Q3 24 | $3.2B | $1.5B | ||
| Q2 24 | $2.4B | $2.0B |
| Q1 26 | — | $1.3B | ||
| Q4 25 | $2.9B | $2.6B | ||
| Q3 25 | $3.2B | $1.5B | ||
| Q2 25 | $1.9B | $-775.0M | ||
| Q1 25 | $1.9B | $1.4B | ||
| Q4 24 | $1.7B | $2.2B | ||
| Q3 24 | $3.1B | $655.0M | ||
| Q2 24 | $2.3B | $1.1B |
| Q1 26 | — | 6.0% | ||
| Q4 25 | 16.7% | 10.6% | ||
| Q3 25 | 18.8% | 7.1% | ||
| Q2 25 | 11.3% | -3.7% | ||
| Q1 25 | 11.4% | 6.7% | ||
| Q4 24 | 10.0% | 8.8% | ||
| Q3 24 | 18.9% | 2.9% | ||
| Q2 24 | 14.7% | 4.9% |
| Q1 26 | — | 4.9% | ||
| Q4 25 | 0.5% | 2.9% | ||
| Q3 25 | 0.3% | 4.5% | ||
| Q2 25 | 0.0% | 5.3% | ||
| Q1 25 | 0.6% | 4.1% | ||
| Q4 24 | 0.3% | 4.3% | ||
| Q3 24 | 0.4% | 3.8% | ||
| Q2 24 | 0.4% | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.78× | 1.84× | ||
| Q3 25 | 0.88× | 1.89× | ||
| Q2 25 | 0.89× | 0.27× | ||
| Q1 25 | 3.30× | 1.95× | ||
| Q4 24 | 0.88× | 1.93× | ||
| Q3 24 | 2.69× | 0.97× | ||
| Q2 24 | 7.13× | 1.41× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALL
Segment breakdown not available.
UPS
| U.S. Domestic Package | $14.1B | 67% |
| International Package | $4.5B | 21% |
| Supply Chain Solutions | $2.5B | 12% |
