Last 48 quarters of trend data · Industrials · Railroads & Railcars
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 22.64 | 19.49 | 20.24 | 21.13 | 18.59 | 19.63 | 18.26 | 21.86 | 19.59 | 22.41 | 20.64 | 22.86 | 22.66 | 20.28 | 19.90 | 18.84 | 19.39 | 15.97 | 18.20 | 26.58 | 23.68 |
| — | -0.7% | +10.8% | -3.3% | -5.1% | -12.4% | -11.5% | -4.3% | -13.5% | +10.5% | +3.7% | +21.3% | +16.9% | +27.0% | +9.4% | -29.1% | -18.1% | -16.2% | -10.0% | -3.5% | -6.8% | |
| P/S Ratio | 6.54 | 5.62 | 5.88 | 5.79 | 5.64 | 5.61 | 5.56 | 5.90 | 5.67 | 6.16 | 5.75 | 6.22 | 6.08 | 5.23 | 5.23 | 5.08 | 5.14 | 4.61 | 5.33 | 7.39 | 7.05 |
| — | +0.1% | +5.8% | -1.8% | -0.5% | -8.8% | -3.3% | -5.2% | -6.8% | +17.8% | +9.9% | +22.4% | +18.3% | +13.3% | -1.9% | -31.2% | -27.1% | -19.5% | -19.2% | +0.2% | +3.3% | |
| P/B Ratio | 9.33 | 7.35 | 7.82 | 7.42 | 7.43 | 8.10 | 8.42 | 8.87 | 8.22 | 9.05 | 8.37 | 9.58 | 10.13 | 8.87 | 9.45 | 9.88 | 10.45 | 10.31 | 10.52 | 14.55 | 11.42 |
| — | -9.3% | -7.2% | -16.3% | -9.5% | -10.4% | +0.5% | -7.5% | -18.9% | +2.0% | -11.4% | -3.1% | -3.0% | -14.0% | -10.1% | -32.1% | -8.5% | +12.6% | +3.6% | +60.3% | +38.0% | |
| P/FCF | 25.75 | 22.95 | 18.33 | 23.96 | 28.00 | 22.30 | 24.49 | 27.26 | 19.94 | 20.61 | 34.21 | 28.31 | 27.32 | 26.97 | 26.36 | 28.81 | 23.33 | 16.29 | 29.47 | 31.18 | 26.29 |
| — | +2.9% | -25.1% | -12.1% | +40.4% | +8.2% | -28.4% | -3.7% | -27.0% | -23.6% | +29.8% | -1.7% | +17.1% | +65.5% | -10.6% | -7.6% | -11.3% | -21.8% | +30.5% | +20.2% | +43.4% | |
| EV / EBITDA | 15.52 | 13.31 | 14.05 | 14.19 | 13.93 | 13.60 | 13.55 | 14.65 | 13.59 | 15.09 | 14.24 | 15.34 | 15.23 | 14.27 | 14.26 | 13.64 | 13.44 | 12.11 | 13.63 | 17.57 | 16.05 |
| — | -2.1% | +3.7% | -3.2% | +2.5% | -9.9% | -4.8% | -4.5% | -10.8% | +5.7% | -0.1% | +12.5% | +13.4% | +17.8% | +4.6% | -22.4% | -16.3% | -8.0% | -5.5% | +2.4% | -1.4% | |
| EV / EBIT | 20.62 | 15.71 | 16.66 | 17.14 | 15.35 | 16.28 | 16.03 | 17.83 | 16.41 | 18.15 | 16.99 | 18.51 | 18.18 | 17.29 | 17.28 | 15.87 | 16.08 | 14.58 | 16.55 | 21.25 | 20.06 |
| — | -3.5% | +4.0% | -3.9% | -6.5% | -10.3% | -5.7% | -3.6% | -9.7% | +5.0% | -1.6% | +16.6% | +13.1% | +18.6% | +4.4% | -25.3% | -19.8% | -8.4% | -5.9% | -2.7% | -0.4% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.4% | 40.9% | 45.5% | 45.2% | 44.9% | 46.5% | 46.1% | 45.3% | 45.8% | 45.5% | 45.4% | 45.1% | 44.9% | 43.0% | 42.8% | 43.8% | 43.9% | 45.0% | 45.1% | 46.3% | 47.8% |
| — | -12.0% | -1.2% | -0.2% | -2.1% | +2.2% | +1.5% | +0.4% | +2.0% | +5.7% | +6.0% | +3.1% | +2.4% | -4.3% | -4.9% | -5.5% | -8.2% | -7.4% | -10.0% | +0.1% | -2.4% | |
| Operating Margin | 40.1% | 40.9% | 40.3% | 39.4% | 39.2% | 40.8% | 40.9% | 39.3% | 41.3% | 39.6% | 39.8% | 39.3% | 39.1% | 36.6% | 37.0% | 37.9% | 39.0% | 40.1% | 39.8% | 40.6% | 42.6% |
| — | +0.2% | -1.6% | +0.1% | -4.9% | +3.2% | +2.8% | +0.0% | +5.6% | +7.9% | +7.7% | +3.8% | +0.1% | -8.6% | -7.1% | -6.6% | -8.3% | -8.2% | -11.4% | +1.8% | +9.1% | |
| Net Margin | 29.1% | 28.8% | 29.0% | 27.4% | 30.4% | 28.6% | 30.5% | 27.0% | 28.8% | 27.4% | 27.9% | 27.2% | 26.8% | 25.7% | 26.3% | 26.9% | 26.5% | 28.9% | 29.3% | 27.8% | 29.8% |
| — | +0.7% | -4.8% | +1.4% | +5.5% | +4.4% | +9.5% | -0.8% | +7.3% | +6.7% | +5.8% | +1.1% | +1.2% | -10.9% | -10.1% | -3.2% | -11.2% | -4.0% | -10.4% | +3.7% | +11.2% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 40.4% | 9.7% | 9.9% | 9.0% | 10.3% | 10.7% | 11.6% | 9.9% | 10.5% | 10.1% | 10.4% | 10.8% | 11.5% | 11.2% | 12.2% | 13.2% | 13.7% | 15.5% | 14.9% | 12.5% | 12.2% |
| — | -8.7% | -14.4% | -9.1% | -1.9% | +5.4% | +11.6% | -8.4% | -8.3% | -10.1% | -14.9% | -18.6% | -16.3% | -27.5% | -18.0% | +5.9% | +12.4% | +30.7% | +26.7% | +54.9% | +50.8% | |
| ROA | 10.4% | 2.9% | 2.8% | 2.4% | 2.7% | 2.6% | 2.7% | 2.4% | 2.6% | 2.5% | 2.5% | 2.4% | 2.5% | 2.3% | 2.4% | 2.5% | 2.5% | 2.9% | 2.9% | 2.6% | 2.7% |
| — | +10.8% | +3.4% | +2.3% | +2.6% | +5.6% | +10.5% | -2.2% | +5.4% | +7.1% | +4.2% | -1.6% | -1.3% | -21.1% | -16.8% | -2.9% | -7.9% | +8.6% | -1.6% | +18.3% | +24.2% | |
| ROIC | 15.2% | 4.4% | 4.1% | 3.7% | 3.6% | 3.9% | 3.9% | 3.7% | 3.9% | 3.7% | 3.7% | 3.7% | 3.8% | 3.4% | 3.5% | 3.7% | 3.9% | 4.3% | 4.1% | 4.0% | 4.1% |
| — | +12.2% | +6.8% | +0.8% | -7.1% | +4.1% | +4.1% | -1.0% | +3.8% | +8.5% | +5.6% | +0.1% | -4.4% | -20.7% | -15.1% | -7.0% | -4.7% | +3.7% | -3.1% | +15.5% | +20.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.72 | 1.42 | 1.51 | 1.62 | 1.72 | 1.90 | 2.09 | 2.11 | 1.92 | 1.97 | 2.01 | 2.12 | 2.31 | 2.46 | 2.64 | 2.84 | 2.87 | 2.98 | 2.64 | 2.84 | 2.22 |
| — | -25.0% | -27.8% | -23.2% | -10.4% | -3.7% | +3.7% | -0.5% | -16.8% | -19.9% | -23.8% | -25.2% | -19.6% | -17.5% | -0.1% | -0.2% | +29.3% | +34.2% | +24.6% | +64.2% | +33.1% | |
| Debt / EBITDA | 2.59 | 8.74 | 9.16 | 10.23 | 10.57 | 10.37 | 10.85 | 11.37 | 10.37 | 10.86 | 11.11 | 11.19 | 11.39 | 12.47 | 12.52 | 12.26 | 11.66 | 10.97 | 11.01 | 11.54 | 10.51 |
| — | -15.7% | -15.5% | -10.1% | +1.9% | -4.5% | -2.4% | +1.6% | -8.9% | -12.9% | -11.3% | -8.7% | -2.4% | +13.7% | +13.8% | +6.2% | +11.0% | +5.7% | +9.6% | +4.2% | -4.9% | |
| Current Ratio | 0.91 | 1.16 | 0.99 | 0.92 | 0.91 | 0.75 | 0.65 | 0.73 | 0.77 | 0.77 | 1.05 | 0.93 | 0.81 | 0.72 | 0.71 | 0.65 | 0.72 | 0.77 | 0.66 | 0.71 | 0.62 |
| — | +55.5% | +52.1% | +25.6% | +18.7% | -3.3% | -38.2% | -21.1% | -5.8% | +7.6% | +46.8% | +41.5% | +13.5% | -6.8% | +7.9% | -7.9% | +15.8% | +3.5% | -23.3% | -7.1% | -38.8% | |
| Quick Ratio | 0.75 | 0.99 | 0.82 | 0.73 | 0.75 | 0.60 | 0.53 | 0.61 | 0.62 | 0.63 | 0.86 | 0.76 | 0.67 | 0.57 | 0.57 | 0.54 | 0.58 | 0.63 | 0.53 | 0.58 | 0.51 |
| — | +65.0% | +55.6% | +20.4% | +21.4% | -4.9% | -38.6% | -19.3% | -7.2% | +9.6% | +50.1% | +40.8% | +14.6% | -9.2% | +8.0% | -7.0% | +14.0% | +2.7% | -24.8% | -8.2% | -40.5% | |
| Interest Coverage | 8.00 | 9.74 | 9.16 | 7.97 | 8.41 | 8.09 | 7.90 | 7.61 | 8.31 | 7.97 | 7.85 | 7.60 | 7.60 | 6.84 | 6.78 | 7.38 | 7.52 | 8.43 | 7.96 | 7.90 | 8.13 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying UNP stock.
Union Pacific Corporation's current P/E is 22.6x. The average P/E over the last 4 quarters is 19.9x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Union Pacific Corporation's current operating margin is 40.1%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Union Pacific Corporation's business trajectory between earnings reports.