UNP · Union Pacific Corp - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · UNP

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$24.51B	$24.25B	$24.12B	$24.88B	$19.53B	$19.53B
Cost of Revenue	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-
R&D	-	-	-	-	-	-
SG&A	-	-	-	-	-	-
Total Operating Expenses	$14.66B	$14.54B	$15.04B	$14.96B	$11.70B	$11.70B
D&A	$2.46B	$2.40B	$2.32B	$2.25B	$2.21B	$2.21B
Operating Income	$9.85B	$9.71B	$9.08B	$9.92B	$9.34B	$7.83B
Interest Expense	$1.31B	$1.27B	$1.34B	$1.27B	$1.16B	$1.14B
Income Tax	$2.03B	$2.05B	$1.85B	$2.07B	$1.96B	$1.63B
Net Income	$7.14B	$6.75B	$6.38B	$7.00B	$6.52B	$5.35B
EPS - Basic	$12.00	$11.10	$10.47	$11.24	$9.98	$7.90
EPS - Diluted	$11.98	$11.09	$10.45	$11.21	$9.95	$7.88

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$1.27B	$1.02B	$1.05B	$973.00M	$960.00M	$1.80B
Accounts Receivable	$1.86B	$1.89B	$2.07B	$1.89B	$1.72B	$1.50B
Inventory	-	-	-	-	-	-
Accounts Payable	$804.00M	$847.00M	$856.00M	$784.00M	$752.00M	$612.00M
Current Assets	$4.55B	$4.02B	$4.15B	$3.95B	$3.55B	$4.21B
Total Assets	$69.70B	$67.72B	$67.13B	$65.45B	$63.52B	$62.40B
Current Liabilities	$5.01B	$5.25B	$5.11B	$5.52B	$5.74B	$4.17B
Long-term Debt	$31.81B	$31.19B	$32.58B	$33.33B	$29.73B	$26.73B
Total Liabilities	$51.23B	$50.83B	$52.34B	$53.29B	$49.36B	$45.44B
Stockholders' Equity	$18.47B	$16.89B	$14.79B	$12.16B	$14.16B	$16.96B
Retained Earnings	$69.53B	$65.63B	$62.09B	$58.89B	$55.05B	$51.33B

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$9.29B	$9.35B	$8.38B	$9.36B	$9.03B	$8.54B
Investing Cash Flow	($3.76B)	($3.33B)	($3.67B)	($3.47B)	($2.71B)	($2.68B)
Financing Cash Flow	($5.28B)	($6.07B)	($4.63B)	($5.89B)	($7.16B)	($4.90B)
CapEx	$3.79B	$3.45B	$3.61B	$3.62B	$2.94B	$2.93B
Free Cash Flow	$5.50B	$5.89B	$4.77B	$5.74B	$6.10B	$5.61B

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	-	-	-	-	-	-
Operating margin	40.2%	40.1%	37.7%	39.9%	47.8%	40.1%
EBITDA margin	50.2%	49.9%	47.3%	48.9%	59.1%	51.4%
Net margin	29.1%	27.8%	26.4%	28.1%	33.4%	27.4%
Free cash flow margin	22.4%	24.3%	19.8%	23.1%	31.2%	28.7%
FCF / Net income	0.77	0.87	0.75	0.82	0.93	1.05
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	-	-	-	-	-	-
Effective tax rate	22.1%	23.3%	22.5%	22.9%	23.1%	23.4%
Return on assets	10.2%	10.0%	9.5%	10.7%	10.3%	8.6%
Return on equity	38.7%	39.9%	43.1%	57.5%	46.1%	31.5%
Return on invested capital	15.2%	15.5%	14.9%	16.8%	16.4%	13.7%
Liquidity
Current ratio	0.91	0.77	0.81	0.72	0.62	1.01
Quick ratio	0.91	0.77	0.81	0.72	0.62	1.01
Cash ratio	0.25	0.19	0.21	0.18	0.17	0.43
Leverage
Debt / Equity	1.72	1.85	2.20	2.74	2.10	1.58
Debt / Assets	0.46	0.46	0.49	0.51	0.47	0.43
Debt / EBITDA	2.58	2.58	2.86	2.74	2.57	2.66
Interest coverage	7.5x	7.7x	6.8x	7.8x	8.1x	6.9x
Equity multiplier	3.77	4.01	4.54	5.38	4.49	3.68
Liabilities / Assets	0.74	0.75	0.78	0.81	0.78	0.73
Efficiency
Asset turnover	0.35	0.36	0.36	0.38	0.31	0.31
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	28d	29d	31d	28d	32d	28d
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	19.3x	20.6x	23.5x	18.5x	25.3x	26.4x
P / B	7.5x	8.2x	10.1x	10.6x	11.7x	8.3x
P / S	5.6x	5.7x	6.2x	5.2x	8.5x	7.2x
EV / EBITDA	13.7x	14.0x	15.9x	13.3x	16.8x	16.6x
Growth
Revenue growth (YoY)	1.1%	0.5%	-3.0%	27.3%	0.0%	-10.0%
Revenue CAGR (3y)	-0.5%	7.5%	7.3%	4.6%	-5.1%	-2.8%
Revenue CAGR (5y)	4.6%	2.2%	1.1%	3.2%	-0.4%	-2.2%
Gross profit growth (YoY)	-	-	-	-	-	-
Operating income growth (YoY)	1.4%	6.9%	-8.4%	6.2%	19.2%	-8.4%
Net income growth (YoY)	5.8%	5.8%	-8.8%	7.3%	21.9%	-9.6%
EPS growth (YoY)	8.0%	6.1%	-6.8%	12.7%	26.3%	-6.0%
EPS CAGR (3y)	2.2%	3.7%	9.9%	10.2%	7.9%	-16.1%
EPS CAGR (5y)	8.7%	5.8%	5.7%	-3.4%	14.4%	7.5%
FCF growth (YoY)	-6.7%	23.5%	-16.9%	-5.8%	8.6%	7.3%
FCF CAGR (5y)	-0.4%	2.4%	-1.9%	7.5%	8.7%	15.8%
Book value growth (YoY)	9.3%	14.2%	21.6%	-14.1%	-16.5%	-6.5%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$24.51B total

Reportable Segment$24.51B · 100.0%

Product / service

$49.02B total

Cargo And Freight$23.22B · 47.4%

Industrial$8.60B · 17.6%

Bulk$7.59B · 15.5%

Premium$7.03B · 14.3%

Product And Service Other$1.29B · 2.6%

Other Subsidiary Revenues$718.00M · 1.5%

Accessorial Revenues$475.00M · 1.0%

Other Miscellaneous Product And Service Revenues$97.00M · 0.2%

Geographic

$2.90B total

MX$2.90B · 100.0%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

1.78

Grey zone

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

6/9

Neutral

✓Net income positive
✓Operating cash flow positive
✓ROA improved YoY
✓Cash flow > net income
✗Long-term debt decreased
✓Current ratio improved
✓No share dilution
-Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Railroads, Line-Haul Operating

Company	Revenue (last FY)	Net margin	ROE
NSC	$12.18B	23.6%	18.5%
CSX	$14.09B	20.5%	22.0%
FIP	$502.52M	-41.3%	-972.6%

Comparing UNION PACIFIC CORP against the 3 most active filers in the same SIC group.

Dividends

$5.52/share trailing 12 months · +3.0% YoY

Ex-date	Per share
May 29, 2026	$1.3800
Feb 27, 2026	$1.3800
Dec 5, 2025	$1.3800
Aug 29, 2025	$1.3800
May 30, 2025	$1.3400
Feb 28, 2025	$1.3400
Dec 9, 2024	$1.3400
Aug 30, 2024	$1.3400
May 31, 2024	$1.3000
Feb 28, 2024	$1.3000
Dec 7, 2023	$1.3000
Aug 30, 2023	$1.3000
May 30, 2023	$1.3000
Feb 27, 2023	$1.3000
Dec 16, 2022	$1.3000
Aug 30, 2022	$1.3000
May 27, 2022	$1.3000
Feb 25, 2022	$1.1800
Dec 17, 2021	$1.1800
Aug 30, 2021	$1.0700
May 27, 2021	$1.0700
Feb 25, 2021	$0.9700
Nov 27, 2020	$0.9700
Aug 28, 2020	$0.9700