Union Pacific Corporation(UNP)Earnings, Financials & Key Ratios

UNP•NYSE

$268.23

$159.24B mkt cap·22.4× P/E·Price updated May 6, 2026

SectorIndustrials IndustryRailroads Sub-IndustryNorth American freight railroads

AboutUnion Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers. As of December 31, 2021, its rail network included 32,452 route miles connecting Pacific Coast and Gulf Coast ports with the Midwest and Eastern United States gateways. The company was founded in 1862 and is headquartered in Omaha, Nebraska.Show more

Revenue$24.51B+1.1%
EBITDA$12.31B+1.3%
Net Income$7.14B+5.8%
EPS (Diluted)11.97+7.9%
Gross Margin59.38%+30.4%
EBITDA Margin50.23%+0.3%
Operating Margin40.14%+0.2%
Net Margin29.12%+4.7%
ROE40.38%-5.2%
ROIC15.16%+0.2%
Debt/Equity1.72-10.4%
Interest Coverage8.00+0.9%

Analysis→Technical→

UNP Key Insights

Union Pacific Corporation (UNP) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Excellent 3Y average ROE of 43.4%
✓Strong Piotroski F-Score: 8/9
✓FCF machine: 22.4% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 2.0%
✓Share count reduced 2.5% through buybacks

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

UNP Price & Volume

Union Pacific Corporation (UNP) stock price & volume — 10-year historical chart

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UNP Growth Metrics

Union Pacific Corporation (UNP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years1.17%

5 Years4.64%

3 Years-0.49%

TTM-23.74%

Profit CAGR

10 Years4.11%

5 Years5.94%

3 Years0.66%

TTM-18.1%

EPS CAGR

10 Years8.11%

5 Years8.72%

3 Years2.21%

TTM9.36%

Return on Capital

10 Years15.28%

5 Years15.78%

3 Years15.33%

Last Year15.48%

UNP Recent Earnings

Union Pacific Corporation (UNP) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 8/12 qtrs (67%)●Beat Revenue 2/12 qtrs (17%)

Q2 2026Latest

Apr 23, 2026

EPS

$2.93

Est $2.86

+2.4%

Revenue

$6.2B

Est $6.2B

-0.2%

Q1 2026

Jan 27, 2026

EPS

$2.86

Est $2.86

+0.0%

Revenue

$6.1B

Est $6.1B

-0.4%

Q4 2025

Oct 23, 2025

EPS

$3.08

Est $2.99

+3.0%

Revenue

$6.2B

Est $6.3B

-0.1%

Q3 2025

Jul 24, 2025

EPS

$3.03

Est $2.91

+4.1%

Revenue

$6.2B

Est $6.2B

-0.2%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 23, 2026	$2.93vs $2.86+2.4%	$6.2Bvs $6.2B-0.2%
Q1 2026	Jan 27, 2026	$2.86vs $2.86+0.0%	$6.1Bvs $6.1B-0.4%
Q4 2025	Oct 23, 2025	$3.08vs $2.99+3.0%	$6.2Bvs $6.3B-0.1%
Q3 2025	Jul 24, 2025	$3.03vs $2.91+4.1%	$6.2Bvs $6.2B-0.2%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
CSXCSX CorporationDirect Competitor	84.69B	45.58	29.60	-3.08%	21.55%	23.52%	1.47
NSCNorfolk Southern CorporationDirect Competitor	71.25B	317.25	24.88	0.47%	21.91%	17.43%	1.10
CPCanadian Pacific Kansas City Ltd.Direct Competitor	77.19B	85.98	25.90	3.66%	27.21%	10.09%	0.50
CNICanadian National Railway CompanyDirect Competitor	68.59B	112.19	20.16	1.43%	27.22%	21.93%	1.01
JBHTJ.B. Hunt Transport Services, Inc.Product Competitor	23.27B	245.95	40.19	-0.73%	4.99%	16.78%	0.41
ODFLOld Dominion Freight Line, Inc.Product Competitor	41.81B	200.62	41.54	-5.48%	18.63%	24.03%	0.03
SAIASaia, Inc.Product Competitor	11.99B	449.40	47.21	0.79%	7.84%	10.04%	0.16
XPOXPO Logistics, Inc.Product Competitor	24.84B	211.58	80.14	1.05%	4.19%	19.04%	2.53

Compare UNP vs Peers

Union Pacific Corporation (UNP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CSX

Most directly comparable listed peer for UNP.

Scale Benchmark

vs CAT

Larger-name benchmark to compare UNP against a more recognizable public peer.

Peer Set

Compare Top 5

vs CSX, NSC, CP, CNI

UNP Income Statement

Union Pacific Corporation (UNP) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Sales/Revenue	21.24B	22.83B	21.71B	19.53B	21.8B	24.88B	24.12B	24.25B	24.51B	18.49B
Revenue Growth %	6.51%	7.5%	-4.92%	-10.02%	11.63%	14.08%	-3.04%	0.54%	1.07%	-23.74%
Cost of Goods Sold	12.23B	13.29B	12.09B	10.35B	11.29B	13.67B	13.59B	13.21B	9.96B	10.02B
COGS % of Revenue	57.58%	58.22%	55.71%	53.01%	51.78%	54.95%	56.35%	54.48%	40.62%	-
Gross Profit	9.01B▲ 0%	9.54B▲ 5.9%	9.61B▲ 0.8%	9.18B▼ 4.5%	10.51B▲ 14.5%	11.21B▲ 6.6%	10.53B▼ 6.0%	11.04B▲ 4.8%	14.55B▲ 31.8%	8.47B▲ 0%
Gross Margin %	42.42%	41.78%	44.29%	46.99%	48.22%	45.05%	43.65%	45.52%	59.38%	45.83%
Gross Profit Growth %	8.95%	5.88%	0.79%	-4.52%	14.54%	6.57%	-6.03%	4.84%	31.83%	-
Operating Expenses	948M	1.02B	1.06B	1.34B	1.18B	1.29B	1.45B	1.33B	4.71B	1.02B
OpEx % of Revenue	4.46%	4.48%	4.88%	6.89%	5.39%	5.18%	6%	5.47%	19.23%	-
Selling, General & Admin	1.11B	1.22B	1.27B	1.58B	1.18B	1.29B	1.45B	0	3.33B	344M
SG&A % of Revenue	5.25%	5.36%	5.87%	8.07%	5.39%	5.18%	6%	-	13.57%	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-167M	-202M	-215M	-231M	0	0	0	1.33B	1.39B	3M
Operating Income	8.06B▲ 0%	8.52B▲ 5.7%	8.55B▲ 0.4%	7.83B▼ 8.4%	9.34B▲ 19.2%	9.92B▲ 6.2%	9.08B▼ 8.4%	9.71B▲ 6.9%	9.84B▲ 1.3%	7.46B▲ 0%
Operating Margin %	37.95%	37.3%	39.4%	40.11%	42.83%	39.87%	37.66%	40.05%	40.14%	40.33%
Operating Income Growth %	10.85%	5.66%	0.43%	-8.42%	19.2%	6.2%	-8.42%	6.95%	1.3%	-
EBITDA	10.17B	10.71B	10.77B	10.04B	11.55B	12.21B	11.44B	12.15B	12.31B	9.32B
EBITDA Margin %	47.86%	46.9%	49.61%	51.42%	52.95%	49.09%	47.42%	50.09%	50.23%	50.4%
EBITDA Growth %	9.19%	5.33%	0.58%	-6.74%	14.95%	5.75%	-6.33%	6.22%	1.34%	-23.15%
D&A (Non-Cash Add-back)	2.1B	2.19B	2.22B	2.21B	2.21B	2.29B	2.35B	2.44B	2.47B	1.86B
EBIT	8.35B	8.61B	8.8B	8.12B	9.63B	10.34B	9.57B	10.06B	10.47B	8.03B
Net Interest Income	-703M	-840M	-987M	-1.13B	-1.15B	-1.27B	-1.29B	-1.19B	-1.29B	-957M
Interest Income	16M	30M	63M	12M	5M	0	52M	76M	16M	30M
Interest Expense	719M	870M	1.05B	1.14B	1.16B	1.27B	1.34B	1.27B	1.31B	986.68M
Other Income/Expense	-474M	-776M	-807M	-854M	-860M	-845M	-849M	-919M	-673M	-415.23M
Pretax Income	7.63B▲ 0%	7.74B▲ 1.4%	7.75B▲ 0.1%	6.98B▼ 9.9%	8.48B▲ 21.5%	9.07B▲ 7.0%	8.23B▼ 9.2%	8.79B▲ 6.8%	9.17B▲ 4.2%	7.04B▲ 0%
Pretax Margin %	35.93%	33.9%	35.69%	35.73%	38.88%	36.47%	34.13%	36.26%	37.4%	38.08%
Income Tax	-3.08B	1.77B	1.83B	1.63B	1.96B	2.07B	1.85B	2.05B	2.03B	1.53B
Effective Tax Rate %	-40.36%	22.93%	23.6%	23.37%	23.06%	22.86%	22.52%	23.28%	22.13%	21.68%
Net Income	10.71B▲ 0%	5.97B▼ 44.3%	5.92B▼ 0.8%	5.35B▼ 9.6%	6.52B▲ 21.9%	7B▲ 7.3%	6.38B▼ 8.8%	6.75B▲ 5.8%	7.14B▲ 5.8%	5.51B▲ 0%
Net Margin %	50.43%	26.13%	27.27%	27.38%	29.92%	28.13%	26.45%	27.82%	29.12%	29.82%
Net Income Growth %	153.06%	-44.31%	-0.79%	-9.63%	21.95%	7.28%	-8.85%	5.77%	5.8%	-18.1%
Net Income (Continuing)	10.71B	5.97B	5.92B	5.35B	6.52B	7B	6.38B	6.75B	7.14B	5.51B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	13.36▲ 0%	7.91▼ 40.8%	8.38▲ 5.9%	7.88▼ 6.0%	9.95▲ 26.3%	11.21▲ 12.7%	10.45▼ 6.8%	11.09▲ 6.1%	11.97▲ 7.9%	9.29▲ 0%
EPS Growth %	163.51%	-40.79%	5.94%	-5.97%	26.27%	12.66%	-6.78%	6.12%	7.94%	9.36%
EPS (Basic)	13.42	7.95	8.41	7.90	9.98	11.24	10.47	11.10	12.01	-
Diluted Shares Outstanding	801.7M	754.3M	706.1M	679.1M	655.4M	624M	610.2M	608.6M	593.5M	593.6M
Basic Shares Outstanding	798.4M	750.9M	703.5M	677.3M	653.8M	622.7M	609.2M	607.6M	592.5M	593M
Dividend Payout Ratio	18.5%	38.54%	43.89%	49.09%	42.93%	45.14%	49.74%	47.62%	45.33%	-

UNP Balance Sheet

Union Pacific Corporation (UNP) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Current Assets	4.04B	4.16B	3.46B	4.21B	3.55B	3.95B	4.15B	4.02B	4.55B	735K
Cash & Short-Term Investments	1.36B	1.33B	891M	1.86B	1.01B	1.02B	1.07B	1.04B	1.52B	735K
Cash Only	1.27B	1.27B	831M	1.8B	960M	973M	1.05B	1.02B	1.27B	735K
Short-Term Investments	90M	60M	60M	60M	46M	46M	16M	20M	250M	0
Accounts Receivable	1.49B	1.75B	1.59B	1.5B	1.72B	1.89B	2.07B	1.89B	1.86B	0
Days Sales Outstanding	25.66	28.06	26.82	28.12	28.83	27.75	31.37	28.51	27.7	28.11
Inventory	749M	742M	751M	638M	621M	741M	743M	769M	787M	0
Days Inventory Outstanding	22.35	20.37	22.67	22.49	20.08	19.79	19.96	21.25	28.85	21.35
Other Current Assets	399M	333M	222M	212M	202M	301M	261M	322M	383M	0
Total Non-Current Assets	53.8B	54.98B	58.21B	58.18B	59.97B	61.5B	62.98B	63.69B	65.14B	3.86M
Property, Plant & Equipment	50.96B	52.05B	55.09B	55.09B	55.97B	56.98B	58.23B	58.85B	59.65B	907K
Fixed Asset Turnover	0.42x	0.44x	0.39x	0.35x	0.39x	0.44x	0.41x	0.41x	0.41x	0.41x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	645M	624M	633M	679M	686M	729M	814M	791M	745M	0
Long-Term Investments	1.81B	1.91B	2.05B	2.16B	2.24B	2.38B	2.6B	2.66B	2.95B	8.58B
Other Non-Current Assets	386M	393M	436M	249M	1.07B	1.41B	1.34B	1.39B	1.8B	3.87B
Total Assets	57.81B▲ 0%	59.15B▲ 2.3%	61.67B▲ 4.3%	62.4B▲ 1.2%	63.52B▲ 1.8%	65.45B▲ 3.0%	67.13B▲ 2.6%	67.72B▲ 0.9%	69.7B▲ 2.9%	69.64M▲ 0%
Asset Turnover	0.37x	0.39x	0.35x	0.31x	0.34x	0.38x	0.36x	0.36x	0.35x	0.36x
Asset Growth %	3.75%	2.32%	4.27%	1.18%	1.81%	3.03%	2.57%	0.87%	2.93%	-94.26%
Total Current Liabilities	3.94B	4.63B	4.35B	4.17B	5.74B	5.52B	5.11B	5.25B	5.01B	1.49M
Accounts Payable	1.01B	872M	749M	612M	752M	784M	856M	847M	804M	0
Days Payables Outstanding	30.23	23.94	22.61	21.57	24.31	20.93	22.99	23.4	29.47	22.52
Short-Term Debt	800M	1.47B	1.26B	960M	2.17B	1.68B	1.42B	1.43B	1.52B	867K
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	671M	575M	538M	592M	1.06B	1.37B	993M	1.23B	2.2B	619K
Current Ratio	1.03x	0.90x	0.79x	1.01x	0.62x	0.72x	0.81x	0.77x	0.91x	0.91x
Quick Ratio	0.83x	0.74x	0.62x	0.86x	0.51x	0.58x	0.67x	0.62x	0.75x	0.75x
Cash Conversion Cycle	17.78	24.49	26.88	29.04	24.59	26.6	28.34	26.35	27.08	26.94
Total Non-Current Liabilities	29.01B	34.1B	39.19B	41.27B	43.62B	47.77B	47.24B	45.57B	46.22B	45.62M
Long-Term Debt	16.14B	20.93B	23.94B	25.32B	27.56B	31.65B	31.16B	29.77B	30.29B	619K
Capital Lease Obligations	0	0	1.47B	1.62B	1.43B	1.3B	1.25B	925M	738M	2.33B
Deferred Tax Liabilities	10.94B	11.3B	11.99B	12.25B	12.68B	13.03B	13.12B	13.15B	13.42B	39.79B
Other Non-Current Liabilities	1.93B	1.87B	1.79B	2.08B	1.95B	1.78B	1.71B	1.73B	1.76B	5.25B
Total Liabilities	32.95B	38.72B	43.55B	45.44B	49.36B	53.29B	52.34B	50.83B	51.23B	50.23M
Total Debt	16.94B	22.39B	27.03B	28.33B	31.49B	34.96B	34.18B	32.46B	31.81B	1.49M
Net Debt	15.67B	21.12B	26.2B	26.53B	30.53B	33.98B	33.12B	31.45B	30.54B	751K
Debt / Equity	0.68x	1.10x	1.49x	1.67x	2.22x	2.87x	2.31x	1.92x	1.72x	1.72x
Debt / EBITDA	1.67x	2.09x	2.51x	2.82x	2.73x	2.86x	2.99x	2.67x	2.58x	0.00x
Net Debt / EBITDA	1.54x	1.97x	2.43x	2.64x	2.64x	2.78x	2.90x	2.59x	2.48x	2.48x
Interest Coverage	11.61x	9.90x	8.38x	7.12x	8.33x	8.14x	7.14x	7.93x	8.00x	8.13x
Total Equity	24.86B▲ 0%	20.42B▼ 17.8%	18.13B▼ 11.2%	16.96B▼ 6.5%	14.16B▼ 16.5%	12.16B▼ 14.1%	14.79B▲ 21.6%	16.89B▲ 14.2%	18.47B▲ 9.3%	19.42M▲ 0%
Equity Growth %	24.7%	-17.83%	-11.24%	-6.45%	-16.49%	-14.11%	21.58%	14.21%	9.34%	-87.6%
Book Value per Share	31.00	27.08	25.67	24.97	21.61	19.49	24.23	27.75	31.12	0.03
Total Shareholders' Equity	24.86B	20.42B	18.13B	16.96B	14.16B	12.16B	14.79B	16.89B	18.47B	19.42M
Common Stock	2.78B	2.78B	2.78B	2.78B	2.78B	2.78B	2.78B	2.78B	2.78B	0
Retained Earnings	41.32B	45.28B	48.6B	51.33B	55.05B	58.89B	62.09B	65.63B	69.53B	70.41M
Treasury Stock	-22.57B	-30.67B	-36.42B	-40.42B	-47.73B	-54B	-54.67B	-56.13B	-58.84B	0
Accumulated OCI	-1.14B	-1.42B	-1.36B	-1.59B	-914M	-582M	-614M	-723M	-591M	-553K
Minority Interest	0	0	0	0	0	0	0	0	0	0

UNP Cash Flow Statement

Union Pacific Corporation (UNP) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	7.23B	8.69B	8.61B	8.54B	9.03B	9.36B	8.38B	9.35B	9.29B	9.29B
Operating CF Margin %	34.04%	38.04%	39.66%	43.72%	41.42%	37.64%	34.74%	38.54%	37.9%	-
Operating CF Growth %	-3.92%	20.14%	-0.89%	-0.8%	5.76%	3.65%	-10.5%	11.54%	-0.6%	-99.09%
Net Income	10.71B	5.97B	5.92B	5.35B	6.52B	7B	6.38B	6.75B	7.14B	5.51B
Depreciation & Amortization	2.1B	2.19B	2.22B	2.21B	2.21B	2.25B	2.32B	2.4B	2.46B	41.47M
Stock-Based Compensation	103M	96M	93M	73M	88M	99M	0	0	0	0
Deferred Taxes	-5.07B	338M	566M	340M	154M	262M	117M	28M	241M	-101M
Other Non-Cash Items	-520M	191M	-15M	302M	-144M	-251M	-132M	-13M	-193M	7.12B
Working Capital Changes	-127M	-126M	-170M	266M	203M	8M	-303M	186M	-361M	-364M
Change in Receivables	-235M	-262M	160M	90M	-217M	-169M	-177M	179M	34M	104.87M
Change in Inventory	-32M	7M	-9M	113M	17M	-120M	-2M	-26M	-18M	-40M
Change in Payables	182M	-125M	-179M	-73M	184M	565M	-215M	189M	-196M	39.87M
Cash from Investing	-3.09B	-3.41B	-3.44B	-2.68B	-2.71B	-3.47B	-3.67B	-3.33B	-3.76B	-2.82B
Capital Expenditures	-3.26B	-3.44B	-3.45B	-2.93B	-2.94B	-3.62B	-3.61B	-3.45B	-3.79B	-202M
CapEx % of Revenue	15.33%	15.05%	15.91%	14.98%	13.47%	14.55%	14.95%	14.24%	15.47%	-
Acquisitions	-19M	0	0	2.93B	2.94B	194M	0	0	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	220M	26M	3M	-2.68B	-2.73B	-45M	-61M	127M	29M	-2.62B
Cash from Financing	-4.15B	-5.22B	-5.65B	-4.9B	-7.16B	-5.89B	-4.63B	-6.07B	-5.28B	-4.4B
Debt Issued (Net)	1.9B	5.35B	2.78B	1.5B	2.9B	3.79B	-591M	-1.43B	567M	-1.06B
Equity Issued (Net)	-4.01B	-8.22B	-5.8B	-3.71B	-7.29B	-6.28B	-705M	-1.5B	-2.68B	-128M
Dividends Paid	-1.98B	-2.3B	-2.6B	-2.63B	-2.8B	-3.16B	-3.17B	-3.21B	-3.24B	-2.43B
Share Repurchases	-4.01B	-8.22B	-5.8B	-3.71B	-7.29B	-6.28B	-705M	-1.5B	-2.68B	-128M
Other Financing	-46M	-48M	-20M	-67M	31M	-235M	-156M	77M	72M	-780.16M
Net Change in Cash	-2M▲ 0%	53M▲ 2750.0%	-472M▼ 990.6%	962M▲ 303.8%	-835M▼ 186.8%	4M▲ 100.5%	87M▲ 2075.0%	-46M▼ 152.9%	255M▲ 654.3%	-142.53M▲ 0%
Free Cash Flow	3.97B▲ 0%	5.25B▲ 32.1%	5.16B▼ 1.8%	5.61B▲ 8.9%	6.1B▲ 8.6%	5.74B▼ 5.8%	4.77B▼ 16.9%	5.89B▲ 23.5%	5.5B▼ 6.7%	4.2B▲ 0%
FCF Margin %	18.71%	22.99%	23.75%	28.74%	27.96%	23.08%	19.79%	24.31%	22.44%	22.7%
FCF Growth %	-1.17%	32.12%	-1.77%	8.86%	8.61%	-5.81%	-16.88%	23.49%	-6.7%	-28.53%
FCF per Share	4.96	6.96	7.30	8.27	9.30	9.20	7.82	9.68	9.27	9.27
FCF Conversion (FCF/Net Income)	0.67x	1.46x	1.45x	1.60x	1.38x	1.34x	1.31x	1.39x	1.30x	0.76x
Interest Paid	666M	728M	1.03B	1.05B	1.09B	1.16B	1.27B	1.26B	1.31B	872M
Taxes Paid	2.11B	1.21B	1.38B	1.21B	1.66B	2.06B	1.49B	1.34B	543M	482M

UNP Key Ratios

Union Pacific Corporation (UNP) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	47.83%	26.35%	30.71%	30.49%	41.92%	53.17%	47.34%	42.6%	40.38%	42.37%
Return on Invested Capital (ROIC)	16.3%	15.57%	14.94%	13.38%	15.88%	16.38%	14.48%	15.14%	15.16%	15.16%
Gross Margin	42.42%	41.78%	44.29%	46.99%	48.22%	45.05%	43.65%	45.52%	59.38%	45.83%
Net Margin	50.43%	26.13%	27.27%	27.38%	29.92%	28.13%	26.45%	27.82%	29.12%	29.82%
Debt / Equity	0.68x	1.10x	1.49x	1.67x	2.22x	2.87x	2.31x	1.92x	1.72x	1.72x
Interest Coverage	11.61x	9.90x	8.38x	7.12x	8.33x	8.14x	7.14x	7.93x	8.00x	8.13x
FCF Conversion	0.67x	1.46x	1.45x	1.60x	1.38x	1.34x	1.31x	1.39x	1.30x	0.76x
Revenue Growth	6.51%	7.5%	-4.92%	-10.02%	11.63%	14.08%	-3.04%	0.54%	1.07%	-23.74%

UNP SEC Filings & Documents

Union Pacific Corporation (UNP) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 23, 2026·SEC

Material company update

Jan 27, 2026·SEC

Material company update

Dec 19, 2025·SEC

10-K Annual Reports

FY 2026

Feb 6, 2026·SEC

10-Q Quarterly Reports

FY 2026

Apr 23, 2026·SEC

FY 2025

Oct 23, 2025·SEC

FY 2025

Jul 24, 2025·SEC

UNP Frequently Asked Questions

Union Pacific Corporation (UNP) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Union Pacific Corporation (UNP) reported $18.49B in revenue for fiscal year 2025. This represents a 110% 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 $5.51B in net income for fiscal year 2025 (29.1% net margin).

Dividend & Returns

Yes, Union Pacific Corporation (UNP) pays a dividend with a yield of 2.03%. 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 $4.20B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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