CHRW vs UPS: Which Is the Better Buy in 2026?

Same yardstick, side by side (as of October 2026). Valuation lined up like this is most meaningful for two names in the same corner of the market, which these are. Figures are approximate; verify before investing.

Reading it: UPS is the cheaper of the two on forward earnings, but cheaper is not the same as better. Pair the valuation with growth (how far the forward P/E sits below the trailing P/E) and risk (beta) before you decide.

The metrics above tell you which is the marginally better business. The bigger risk for most people is not picking the slightly worse stock, it is over-concentrating. CHRW and UPS share themes, so owning both, or adding either to what you already hold, can quietly push a large share of your portfolio into one bet.

This is the part a generic comparison page cannot answer, because it depends on what you own. Connect your brokerage and Walnut shows your real, combined CHRW and UPS exposure, flags overlap with your existing positions, and tells you if adding one would tip you past a concentration you are comfortable with, read-only by default, with your login staying at your broker. Walnut is not an investment adviser.

C.H. Robinson Worldwide is one of the world's largest logistics platforms, operating an asset-light model: it owns very few trucks or ships and instead brokers capacity, matching shippers who need goods moved with the carriers that move them. Its two core engines are North American Surface Transportation (NAST, roughly two-thirds of net revenue, spanning truckload and less-than-truckload brokerage) and Global Forwarding (ocean, air, and customs). The company earns a spread between what shippers pay and what carriers charge, so its profitability tracks freight-market pricing and volume cycles more than gross revenue, which simply passes through freight costs.

Full CHRW guide

United Parcel Service is a global package delivery and supply chain management company founded in 1907 in Seattle and headquartered in Atlanta. It reports through three segments. U.S. Domestic Package is the largest, moving ground and air parcels across the United States and contributing the bulk of revenue. International Package handles cross-border and in-country delivery across Europe, Asia, and the Americas and historically carries the highest operating margins. Supply Chain Solutions covers freight forwarding, customs brokerage, contract logistics, and the fast-growing healthcare and cold-chain logistics business. UPS makes money primarily by charging shippers per package based on weight, distance, speed, and service level, so revenue per piece and total volume are the two levers that drive results, alongside the fixed cost of running an integrated air and ground network.

Full UPS guide

Both fit overlapping themes, but they are not interchangeable. The useful comparison is which set of drivers and risks you want exposure to.

• CHRW drivers: Margin expansion through automation and cost discipline; Scale and network advantage as the #1 broker.
• UPS drivers: Quality of revenue over raw volume; A high and long-standing dividend.

A faster-growing, richer-valued name usually swings harder, so it suits a longer horizon and a higher tolerance for volatility; a steadier, more cash-generative business suits a more conservative or income-minded investor. The honest test is which set of risks you could hold through a drawdown: CHRW operates in an intensely competitive, low-margin industry where it faces asset-based carriers (J.B. For UPS, the bear case starts with falling volume: total package volume continues to decline, and if the higher revenue per piece does not offset the loss of fixed-cost leverage, margins stay pressured (Q1 2026 operating margin compressed to 6.0 percent from 7.7 percent a year earlier).

Growth-minded investors who believe the theme has years to run tend to accept the richer multiple for more upside; value-minded investors lean toward the cheaper forward earnings and steadier profile. Pick CHRW if you believe its drivers more; UPS if you believe its. Many investors hold both, but since they share themes, that is a concentrated bet, not diversification. Decide deliberately and check overlap. For the full detail, see the CHRW and UPS guides.

CHRW. The multiple has compressed: CHRW now trades near 26 times trailing and 18 times forward earnings, down from the mid-30s P/E of mid-2026, as the shares fell about 34% in three months and investors priced in the leverage and integration risk of the ~$5.8 billion RXO acquisition. Earnings themselves are still rising, with second-quarter 2026 EPS of $1.61 beating the $1.52 consensus. Third-quarter results on October 28 carry a consensus near $1.75, and the 23 analysts tracked by Yahoo Finance have a mean target around $193, though several cut targets in mid-October.

UPS. UPS still draws most investor attention as an income holding, and at a share price near $97 the yield has climbed to about 6.7 percent. The dividend is not covered by trailing GAAP earnings, with a payout ratio near 122 percent, so its sustainability hinges on the margin recovery management is guiding to. The forward P/E of about 12x sits well below the trailing 18x because analysts expect EPS to rebound toward about $8.06 in 2027, gains that third-quarter results on October 27, 2026 will start to test.

Headline figures (approximate, October 2026): CHRW shows revenue (ttm) ~$17.0B; Q2 2026 ~$4.93B, up ~19% y/y, net income (ttm) ~$633M, eps (ttm / forward) ~$5.24 / ~$7.49, p/e (trailing / forward) ~26x / ~18x; UPS shows revenue (ttm) ~$89.9 billion, revenue growth (q2 2026, year over year) ~7.6%, operating margin (ttm) ~9.1% (net margin ~5.1%), net income (ttm) ~$4.6 billion (EPS ~$5.38).

CHRW and UPS are related but distinct: same themes, different businesses and risks. Neither wins in the abstract; the right pick is whichever thesis you actually believe, sized so you are not over-concentrated in one theme. Walnut can show your combined CHRW and UPS exposure against your real portfolio. It is not an investment adviser.