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.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.22B | - | $6.24B | $6.15B | $6.03B | - | $6.09B | $6.01B | $6.03B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $3.76B | - | $3.69B | $3.63B | $3.66B | - | $3.67B | $3.61B | $3.66B | - |
| D&A | $633.00M | - | $618.00M | $613.00M | $610.00M | - | $602.00M | $596.00M | $594.00M | - |
| Operating Income | $2.46B | - | $2.55B | $2.52B | $2.37B | - | $2.42B | $2.40B | $2.37B | - |
| Interest Expense | $320.00M | - | $314.00M | $335.00M | $324.00M | - | $314.00M | $319.00M | $324.00M | - |
| Income Tax | $528.00M | - | $530.00M | $437.00M | $501.00M | - | $518.00M | $511.00M | $499.00M | - |
| Net Income | $1.70B | - | $1.79B | $1.88B | $1.63B | - | $1.67B | $1.67B | $1.64B | - |
| EPS - Basic | $2.87 | - | $3.02 | $3.16 | $2.71 | - | $2.75 | $2.75 | $2.69 | - |
| EPS - Diluted | $2.87 | - | $3.01 | $3.15 | $2.70 | - | $2.75 | $2.74 | $2.69 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $735.00M | $1.27B | $808.00M | $1.06B | $1.41B | $1.02B | $947.00M | $1.14B | $925.00M | $1.05B |
| Accounts Receivable | $1.99B | $1.86B | $1.92B | $1.92B | $1.97B | $1.89B | $2.04B | $2.12B | $2.16B | $2.07B |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $940.00M | $804.00M | $853.00M | $815.00M | $898.00M | $847.00M | $830.00M | $870.00M | $814.00M | $856.00M |
| Current Assets | $4.21B | $4.55B | $3.90B | $4.18B | $4.54B | $4.02B | $4.15B | $4.50B | $4.19B | $4.15B |
| Total Assets | $69.64B | $69.70B | $68.65B | $68.58B | $68.49B | $67.72B | $67.57B | $67.82B | $67.27B | $67.13B |
| Current Liabilities | $4.60B | $5.01B | $5.22B | $6.45B | $6.22B | $5.25B | $5.37B | $4.29B | $4.53B | $5.11B |
| Long-term Debt | - | $31.81B | - | - | - | $31.19B | - | - | - | $32.58B |
| Total Liabilities | $50.23B | $51.23B | $51.34B | $52.32B | $52.45B | $50.83B | $50.99B | $51.33B | $51.60B | $52.34B |
| Stockholders' Equity | $19.42B | $18.47B | $17.30B | $16.26B | $16.04B | $16.89B | $16.58B | $16.49B | $15.66B | $14.79B |
| Retained Earnings | $70.41B | $69.53B | $68.50B | $67.53B | $66.45B | $65.63B | $64.68B | $63.82B | $62.94B | $62.09B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.44B | - | - | - | $2.21B | - | - | - | $2.12B | - |
| Investing Cash Flow | ($988.00M) | - | - | - | ($938.00M) | - | - | - | ($802.00M) | - |
| Financing Cash Flow | ($1.98B) | - | - | - | ($878.00M) | - | - | - | ($1.45B) | - |
| CapEx | $937.00M | - | - | - | $906.00M | - | - | - | $797.00M | - |
| Free Cash Flow | $1.50B | - | - | - | $1.30B | - | - | - | $1.32B | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 39.5% | - | 40.8% | 41.0% | 39.3% | - | 39.7% | 40.0% | 39.3% | - |
| EBITDA margin | 49.7% | - | 50.7% | 51.0% | 49.5% | - | 49.5% | 49.9% | 49.2% | - |
| Net margin | 27.4% | - | 28.6% | 30.5% | 27.0% | - | 27.4% | 27.9% | 27.2% | - |
| Free cash flow margin | 24.2% | - | - | - | 21.6% | - | - | - | 22.0% | - |
| FCF / Net income | 0.88 | - | - | - | 0.80 | - | - | - | 0.81 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 23.7% | - | 22.9% | 18.9% | 23.6% | - | 23.7% | 23.4% | 23.3% | - |
| Return on assets | 2.4% | - | 2.6% | 2.7% | 2.4% | - | 2.5% | 2.5% | 2.4% | - |
| Return on equity | 8.8% | - | 10.3% | 11.5% | 10.1% | - | 10.1% | 10.1% | 10.5% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.92 | 0.91 | 0.75 | 0.65 | 0.73 | 0.77 | 0.77 | 1.05 | 0.93 | 0.81 |
| Quick ratio | 0.92 | 0.91 | 0.75 | 0.65 | 0.73 | 0.77 | 0.77 | 1.05 | 0.93 | 0.81 |
| Cash ratio | 0.16 | 0.25 | 0.15 | 0.16 | 0.23 | 0.19 | 0.18 | 0.27 | 0.20 | 0.21 |
| Leverage | ||||||||||
| Debt / Equity | - | 1.72 | - | - | - | 1.85 | - | - | - | 2.20 |
| Debt / Assets | - | 0.46 | - | - | - | 0.46 | - | - | - | 0.49 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 7.7x | - | 8.1x | 7.5x | 7.3x | - | 7.7x | 7.5x | 7.3x | - |
| Equity multiplier | 3.59 | 3.77 | 3.97 | 4.22 | 4.27 | 4.01 | 4.07 | 4.11 | 4.29 | 4.54 |
| Liabilities / Assets | 0.72 | 0.74 | 0.75 | 0.76 | 0.77 | 0.75 | 0.75 | 0.76 | 0.77 | 0.78 |
| Efficiency | ||||||||||
| Asset turnover | 0.09 | - | 0.09 | 0.09 | 0.09 | - | 0.09 | 0.09 | 0.09 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 117d | - | 112d | 114d | 119d | - | 122d | 129d | 131d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 84.5x | - | 78.5x | 73.0x | 87.5x | - | 89.6x | 82.6x | 91.4x | - |
| P / B | 7.4x | - | 8.1x | 8.4x | 8.9x | - | 9.0x | 8.4x | 9.6x | - |
| P / S | 23.2x | - | 22.5x | 22.2x | 23.6x | - | 24.6x | 23.0x | 24.9x | - |
| EV / EBITDA | 46.4x | - | 44.0x | 43.3x | 47.2x | - | 49.4x | 45.7x | 50.3x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 3.2% | - | 2.5% | 2.4% | -0.1% | - | 2.5% | 0.7% | -0.4% | - |
| Revenue CAGR (3y) | 0.9% | - | -1.7% | -0.6% | 0.9% | - | 3.1% | 3.0% | 6.4% | - |
| Revenue CAGR (5y) | 4.4% | - | 4.9% | 7.7% | 2.9% | - | 1.8% | 1.4% | 2.3% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 3.7% | - | 5.5% | 5.2% | -0.0% | - | 11.0% | 8.9% | 3.4% | - |
| Net income growth (YoY) | 4.6% | - | 7.0% | 12.1% | -0.9% | - | 9.4% | 6.6% | 0.7% | - |
| EPS growth (YoY) | 6.3% | - | 9.5% | 15.0% | 0.4% | - | 9.6% | 6.6% | 0.7% | - |
| EPS CAGR (3y) | 2.4% | - | -0.4% | 2.4% | 1.7% | - | 2.3% | 0.2% | 10.4% | - |
| EPS CAGR (5y) | 7.5% | - | 8.4% | 13.5% | 4.7% | - | 4.4% | 4.3% | 6.9% | - |
| FCF growth (YoY) | 15.3% | - | - | - | -1.6% | - | - | - | 24.1% | - |
| FCF CAGR (5y) | 1.1% | - | - | - | -0.7% | - | - | - | 1.9% | - |
| Book value growth (YoY) | 21.1% | 9.3% | 4.3% | -1.4% | 2.4% | 14.2% | 18.4% | 25.0% | 25.8% | 21.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$24.51B totalReportable Segment$24.51B · 100.0%
Product / service
$49.02B totalCargo 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 totalMX$2.90B · 100.0%
Peer comparison
Same SIC group: Railroads, Line-Haul Operating
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 |