Seeking Alpha·Sep 16, 2026
Union Pacific Corporation (UNP) Presents at Morgan Stanley's 14th Annual Laguna Conference TranscriptUnion Pacific Corporation (UNP) Presents at Morgan Stanley's 14th Annual Laguna Conference Transcript
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 9/24/2026, 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 |
Union Pacific Corporation (UNP) Presents at Morgan Stanley's 14th Annual Laguna Conference Transcript
Union Pacific on Wednesday said soaring diesel prices were prompting some shippers to move freight from trucks to rail, boosting demand for the railroad as customers seek lower transportation costs.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Union Pacific (UNP) have what it takes?
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.
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 |
|---|---|---|---|---|---|---|---|
| $275.53 | $163.69B | 23.02 | 1.07% | 29.12% | 40.38% | 1.98% | |
| $47.19 | $87.42B | 30.64 | -3.08% | 22.21% | 24.06% | — | |
| $315.01 | $70.75B | 24.71 | 0.47% | 21.02% | 16.8% | — | |
| $88.28 | $77.61B | 27.62 | 3.66% | 18.76% | 9.58% | — | |
| $119.49 | $72.28B | 22.30 | 1.43% | 26.91% | 22.19% | — | |
| $234.63 | $22.13B | 38.34 | -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 1.98%. 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.
