Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $84,628 | $97,287 | $100,338 | $90,958 | $91,070 |
| Gross Profit | $7,684 | $12,810 | $13,094 | $9,141 | $8,468 |
| Operating Income | $7,684 | $12,810 | $13,094 | $9,141 | $8,468 |
| Net Income | $1,343 | $12,890 | $11,548 | $6,708 | $5,782 |
Over the five-year period, UPS's revenue grew from USD 84.6 billion in 2020 to a peak of USD 100.3 billion in 2022 before declining to about USD 91.1 billion in 2024. Gross profit—and correspondingly, operating income, which mirrors gross profit in these statements—increased significantly from USD 7.7 billion in 2020 to roughly USD 13.1 billion in 2022. However, both figures experienced a notable decline thereafter, falling to USD 9.1 billion in 2023 and further to USD 8.5 billion in 2024. This pattern indicates that while the company achieved strong operational performance in the earlier part of the period, recent years have seen a contraction in both top-line and core operational profitability. Net income shows even more pronounced volatility. The jump from USD 1.3 billion in 2020 to nearly USD 12.9 billion in 2021 represents an extraordinary increase of more than 900 percent, suggesting a substantial one-time benefit or a dramatic improvement in operational efficiency during that year. However, net income then declines to USD 11.5 billion in 2022, drops further to USD 6.7 billion in 2023, and settles at USD 5.8 billion in 2024—a series of year-over-year declines exceeding 20 percent following the 2021 peak. These swings may reflect variations in expense management, non-operating items, or other extraordinary factors typical in capital-intensive logistics operations. Overall, while UPS demonstrated robust growth and operational strength in the earlier years, the recent declines in revenue and profitability warrant closer examination of underlying cost pressures and market conditions. Nonetheless, given its industry standing in global logistics, UPS remains structurally sound, though stakeholders should monitor these trend shifts to ensure sustainable long-term performance.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.