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Side-by-side financial comparison of United Parcel Service (UPS) and Verizon (VZ). Click either name above to swap in a different company.
Verizon is the larger business by last-quarter revenue ($34.4B vs $21.2B, roughly 1.6× United Parcel Service). Verizon runs the higher net margin — 14.9% vs 4.1%, a 10.9% gap on every dollar of revenue. On growth, Verizon posted the faster year-over-year revenue change (2.9% vs -1.6%). Over the past eight quarters, Verizon's revenue compounded faster (2.5% CAGR vs -1.4%).
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.
Verizon Communications Inc., is an American telecommunications company headquartered in New York City. It is the world's second-largest telecommunications company by revenue and its mobile network is the largest wireless carrier in the United States, with 146.1 million subscribers as of June 30, 2025.
UPS vs VZ — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $21.2B | $34.4B |
| Net Profit | $864.0M | $5.1B |
| Gross Margin | — | — |
| Operating Margin | 6.0% | 23.9% |
| Net Margin | 4.1% | 14.9% |
| Revenue YoY | -1.6% | 2.9% |
| Net Profit YoY | — | 3.4% |
| EPS (diluted) | $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 | $21.2B | $34.4B | ||
| Q4 25 | $24.5B | $36.4B | ||
| Q3 25 | $21.4B | $33.8B | ||
| Q2 25 | $21.2B | $34.5B | ||
| Q1 25 | $21.5B | $33.5B | ||
| Q4 24 | $25.3B | $35.7B | ||
| Q3 24 | $22.2B | $33.3B | ||
| Q2 24 | $21.8B | $32.8B |
| Q1 26 | $864.0M | $5.1B | ||
| Q4 25 | $1.8B | $2.3B | ||
| Q3 25 | $1.3B | $5.0B | ||
| Q2 25 | $1.3B | $5.0B | ||
| Q1 25 | $1.2B | $4.9B | ||
| Q4 24 | $1.7B | $5.0B | ||
| Q3 24 | $1.5B | $3.3B | ||
| Q2 24 | $1.4B | $4.6B |
| Q1 26 | 6.0% | 23.9% | ||
| Q4 25 | 10.5% | 13.8% | ||
| Q3 25 | 8.4% | 24.0% | ||
| Q2 25 | 8.6% | 23.7% | ||
| Q1 25 | 7.7% | 23.8% | ||
| Q4 24 | 11.6% | 20.8% | ||
| Q3 24 | 8.9% | 17.8% | ||
| Q2 24 | 8.9% | 23.8% |
| Q1 26 | 4.1% | 14.9% | ||
| Q4 25 | 7.3% | 6.4% | ||
| Q3 25 | 6.1% | 14.6% | ||
| Q2 25 | 6.0% | 14.5% | ||
| Q1 25 | 5.5% | 14.6% | ||
| Q4 24 | 6.8% | 14.0% | ||
| Q3 24 | 6.9% | 9.9% | ||
| Q2 24 | 6.5% | 14.0% |
| Q1 26 | $1.02 | — | ||
| Q4 25 | $2.10 | $0.56 | ||
| Q3 25 | $1.55 | $1.17 | ||
| Q2 25 | $1.51 | $1.18 | ||
| Q1 25 | $1.40 | $1.15 | ||
| Q4 24 | $2.00 | $1.18 | ||
| Q3 24 | $1.80 | $0.78 | ||
| Q2 24 | $1.65 | $1.09 |
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 | $8.4B |
| Total DebtLower is stronger | $23.7B | $144.2B |
| Stockholders' EquityBook value | — | $104.6B |
| Total Assets | $71.8B | $417.9B |
| Debt / EquityLower = less leverage | — | 1.38× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $5.8B | $8.4B | ||
| Q4 25 | $5.9B | $19.0B | ||
| Q3 25 | $6.8B | $7.7B | ||
| Q2 25 | $6.3B | $3.4B | ||
| Q1 25 | $5.1B | $2.3B | ||
| Q4 24 | $6.3B | $4.2B | ||
| Q3 24 | $6.1B | $5.0B | ||
| Q2 24 | $6.5B | $2.4B |
| Q1 26 | $23.7B | $144.2B | ||
| Q4 25 | $23.5B | $139.5B | ||
| Q3 25 | $23.9B | $126.6B | ||
| Q2 25 | $23.8B | $123.9B | ||
| Q1 25 | $19.5B | $121.0B | ||
| Q4 24 | $19.4B | $121.4B | ||
| Q3 24 | $20.3B | $128.9B | ||
| Q2 24 | $20.2B | $126.0B |
| Q1 26 | — | $104.6B | ||
| Q4 25 | $16.2B | $105.7B | ||
| Q3 25 | $15.8B | $106.3B | ||
| Q2 25 | $15.8B | $104.4B | ||
| Q1 25 | $15.7B | $102.0B | ||
| Q4 24 | $16.7B | $100.6B | ||
| Q3 24 | $16.9B | $97.7B | ||
| Q2 24 | $17.0B | $97.5B |
| Q1 26 | $71.8B | $417.9B | ||
| Q4 25 | $73.1B | $404.3B | ||
| Q3 25 | $71.4B | $388.3B | ||
| Q2 25 | $70.9B | $383.3B | ||
| Q1 25 | $68.5B | $380.4B | ||
| Q4 24 | $70.1B | $384.7B | ||
| Q3 24 | $68.3B | $381.2B | ||
| Q2 24 | $69.4B | $379.1B |
| Q1 26 | — | 1.38× | ||
| Q4 25 | 1.45× | 1.32× | ||
| Q3 25 | 1.51× | 1.19× | ||
| Q2 25 | 1.51× | 1.19× | ||
| Q1 25 | 1.25× | 1.19× | ||
| Q4 24 | 1.16× | 1.21× | ||
| Q3 24 | 1.21× | 1.32× | ||
| Q2 24 | 1.19× | 1.29× |
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 | — | $8.0B |
| Free Cash FlowOCF − Capex | — | $3.8B |
| FCF MarginFCF / Revenue | — | 11.0% |
| Capex IntensityCapex / Revenue | 4.9% | 12.2% |
| Cash ConversionOCF / Net Profit | — | 1.55× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $8.0B | ||
| Q4 25 | $3.3B | $9.1B | ||
| Q3 25 | $2.5B | $11.3B | ||
| Q2 25 | $348.0M | $9.0B | ||
| Q1 25 | $2.3B | $7.8B | ||
| Q4 24 | $3.3B | $10.4B | ||
| Q3 24 | $1.5B | $9.9B | ||
| Q2 24 | $2.0B | $9.5B |
| Q1 26 | — | $3.8B | ||
| Q4 25 | $2.6B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $-775.0M | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $655.0M | — | ||
| Q2 24 | $1.1B | — |
| Q1 26 | — | 11.0% | ||
| Q4 25 | 10.6% | — | ||
| Q3 25 | 7.1% | — | ||
| Q2 25 | -3.7% | — | ||
| Q1 25 | 6.7% | — | ||
| Q4 24 | 8.8% | — | ||
| Q3 24 | 2.9% | — | ||
| Q2 24 | 4.9% | — |
| Q1 26 | 4.9% | 12.2% | ||
| Q4 25 | 2.9% | — | ||
| Q3 25 | 4.5% | — | ||
| Q2 25 | 5.3% | — | ||
| Q1 25 | 4.1% | — | ||
| Q4 24 | 4.3% | — | ||
| Q3 24 | 3.8% | — | ||
| Q2 24 | 4.3% | — |
| Q1 26 | — | 1.55× | ||
| Q4 25 | 1.84× | 3.89× | ||
| Q3 25 | 1.89× | 2.28× | ||
| Q2 25 | 0.27× | 1.79× | ||
| Q1 25 | 1.95× | 1.59× | ||
| Q4 24 | 1.93× | 2.08× | ||
| Q3 24 | 0.97× | 3.00× | ||
| Q2 24 | 1.41× | 2.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
UPS
| U.S. Domestic Package | $14.1B | 67% |
| International Package | $4.5B | 21% |
| Supply Chain Solutions | $2.5B | 12% |
VZ
| Service revenues and other | $28.8B | 84% |
| Wireless equipment revenues | $5.7B | 16% |
