Union Pacific is experiencing a cyclical demand inflection, with revenue growth accelerating to 11.5% YoY in 2026Q2, the strongest in ten quarters. This volume-led recovery is translating into robust cash generation, as operating cash flow reached $3.1B (1.54x...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth accelerated to 11.5% YoY in 2026Q2, the strongest in ten quarters, while gross margin held steady at 45.5% and operating margin expanded to 40.3%, reflecting operating leverage despite an EPS miss of $0.09.
Union Pacific has exceeded earnings per share expectations and maintains a high return on equity, reflecting effective management.
The stock is near its 52-week high, indicating strong market performance, with some metrics suggesting it may be modestly undervalued.
Inflation and tariff headwinds could boost goods movement, supported by a resilient economy and increased capital expenditure.
Union Pacific's debt-to-equity ratio is 1.53, indicating potential liquidity issues and higher debt risks.
Discounted cash flow analyses suggest UNP may be overvalued, with a PEG ratio of 3.7x indicating potential overvaluation.
Projected slower global economic growth could dampen industrial production and consumer demand, impacting freight volumes.
Trailing total returns as of 10/3/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 23, 2026 | $3.41+4.6% vs $3.26 | $6.9B+2.2% vs $6.7B |
Q2 2026 Apr 23, 2026 | $2.93+2.4% vs $2.86 | $6.2B-0.2% vs $6.2B |
Q1 2026 Jan 27, 2026 | $2.86+0.0% vs $2.86 | $6.1B-0.4% vs $6.1B |
Q4 2025 Oct 23, 2025 | $3.08+3.0% vs $2.99 | $6.2B-0.1% vs $6.3B |
UNP deploys its first two battery-electric locomotives in Southern California to test zero-emission rail technology in real-world operations.
OMAHA, Neb.--(BUSINESS WIRE)--Union Pacific Railroad today announced the arrival of two battery-electric locomotives in Southern California, part of the company's ongoing investments in testing next-generation technologies in real-world, operating environments. The locomotives are the first of four FLXdrive battery-electric units built by Wabtec and ordered by Union Pacific. Two additional locomotives are scheduled to arrive in October, completing the four-unit fleet that will operate in the Gr.
OMAHA, Neb. & ATLANTA--(BUSINESS WIRE)--Union Pacific Corporation (NYSE: UNP) and Norfolk Southern Corporation (NYSE: NSC) today acknowledged two significant milestones in the creation of America's first transcontinental railroad, which will eliminate time-consuming interchanges between railroads and strengthen the nation's supply chain. The Surface Transportation Board (STB) has unanimously denied merger opponents' requests to dismiss the companies' revised merger application. With the rejecti.
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Benchmark UNP against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Union Pacific Corporation (UNP)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $278.28 | $165.32B | 23.25 | 1.07% | 29.12% | 40.38% | 1.96% | |
| $47.43 | $87.86B | 30.80 | -3.08% | 22.21% | 24.06% | — | |
| $317.44 | $71.3B | 24.90 | 0.47% | 21.02% | 16.8% | — | |
| $85.94 | $75.55B | 27.15 | 3.66% | 18.76% | 9.58% | — | |
| $119.77 | $72.45B | 22.57 | 1.43% | 26.91% | 22.19% | — | |
| $234.20 | $22.08B | 38.27 | -0.73% | 5.31% | 18.75% | — |
Union Pacific Corporation (UNP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Union Pacific Corporation (UNP) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 23, 2026·SEC
May 18, 2026·SEC
Apr 23, 2026·SEC
Feb 6, 2026·SEC
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Union Pacific Corporation (UNP) stock FAQ — growth, dividends, profitability & financials explained
Union Pacific Corporation (UNP) reported $25.41B in revenue for fiscal year 2025. This represents a 189% increase from $8.79B in 1996.
Union Pacific Corporation (UNP) grew revenue by 1.1% over the past year. Growth has been modest.
Yes, Union Pacific Corporation (UNP) is profitable, generating $7.33B in net income for fiscal year 2025 (29.1% net margin).
Yes, Union Pacific Corporation (UNP) pays a dividend with a yield of 1.96%. This makes it attractive for income-focused investors.
Union Pacific Corporation (UNP) has a return on equity (ROE) of 40.4%. This is excellent, indicating efficient use of shareholder capital.
Union Pacific Corporation (UNP) generated $6.50B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
