Union Pacific Corp (UNP)

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. It offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, and ethanol and renewable biofuel producers; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers. The company was founded in 1862 and is headquartered in Omaha, Nebraska.

Symbol: UNP
Exchange: NYSE
Sector: Industrials
Industry: Railroads
Market cap: $160.10B
52 week range: 215.53 - 315.99

Valuation

Share price: $272.39 (close of 2026-10-01)
P/E (TTM): 21.81x
Price to book: 7.74x
Price to free cash flow: 24.62x
Enterprise value: $189.66B
Book value per share: $34.81

Price performance

Period	Change
1 day	+0.10%
5 days	-0.61%
1 month	-6.27%
3 months	-1.92%
6 months	+12.04%
Year to date	+17.75%
1 year	+16.04%
3 years	+33.78%
5 years	+35.03%
10 years	+179.28%
All time	+8919.54%

Members of Congress who disclosed UNP trades

Josh Gottheimer · Julie Johnson · Scott Franklin · Bruce Westerman · Jefferson Shreve · John Boozman · Lisa McClain · Ritchie Torres · Adam Smith · Alan Armstrong · Dan Newhouse · George Whitesides

And 1 others

Super investors holding UNP

Andreas Halvorsen (Viking Global Investors) · Seth Klarman (Baupost Group) · Ray Dalio (Bridgewater Associates) · Dan Loeb (Third Point LLC) · Tweedy Browne (Tweedy Browne Company LLC)

Profitability and growth

Return on equity: 38.65%
Return on invested capital: 15.63%
Return on assets: 10.24%
Return on capital employed: 15.22%
Gross margin: 40.17%
Net margin: 29.12%
EBITDA margin: 50.23%
Revenue growth: 1.07%
Net income growth: 5.80%
Free cash flow growth: -6.70%

Cash flow and balance sheet

Free cash flow yield (TTM): 4.06%
Current ratio: 0.99x
Net debt to EBITDA: 2.22x

Latest reported year

Period end: 2025-12-31
Fiscal year: 2025
Revenue: $24.51B
Cost of revenue: $14.66B
Gross profit: $9.85B
EBITDA: $12.31B
Net income: $7.14B
Earnings per share: $12.00
Shares outstanding: 595.00M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$24.51B	$9.85B	$7.14B	$12.00
2024-12-31	$24.25B	$9.71B	$6.75B	$11.10
2023-12-31	$24.12B	$9.08B	$6.38B	$10.47
2022-12-31	$24.88B	$9.92B	$7.00B	$11.24
2021-12-31	$21.80B	$9.34B	$6.52B	$9.98
2020-12-31	$19.53B	$7.83B	$5.35B	$7.90
2019-12-31	$21.71B	$8.55B	$5.92B	$8.41
2018-12-31	$22.83B	$8.52B	$5.97B	$7.95
2017-12-31	$21.24B	$8.11B	$10.71B	$13.42
2016-12-31	$19.94B	$7.24B	$4.23B	$5.09

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	40.17%	29.12%	38.65%	15.63%
2024-12-31	40.05%	27.82%	39.95%	15.86%
2023-12-31	37.65%	26.45%	43.14%	15.09%
2022-12-31	39.87%	28.13%	57.54%	17.00%
2021-12-31	42.83%	29.92%	46.06%	16.64%
2020-12-31	40.11%	27.38%	31.54%	14.12%
2019-12-31	39.40%	27.27%	32.65%	14.97%
2018-12-31	37.30%	26.13%	29.21%	16.23%
2017-12-31	38.16%	50.43%	43.10%	20.00%
2016-12-31	36.32%	21.23%	21.24%	13.99%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$1.27B	$31.81B
2024-12-31	$1.02B	$31.19B
2023-12-31	$1.05B	$32.58B
2022-12-31	$973.00M	$33.33B
2021-12-31	$960.00M	$29.73B
2020-12-31	$1.80B	$26.73B
2019-12-31	$831.00M	$25.20B
2018-12-31	$1.27B	$22.39B
2017-12-31	$1.27B	$16.94B
2016-12-31	$1.28B	$15.01B

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$5.50B	$142.00M
2024-12-31	$5.89B	$118.00M
2023-12-31	$4.77B	$107.00M
2022-12-31	$5.74B	$99.00M
2021-12-31	$6.10B	$88.00M
2020-12-31	$5.61B	$73.00M
2019-12-31	$5.16B	$93.00M
2018-12-31	$5.25B	$96.00M
2017-12-31	$3.99B	$103.00M
2016-12-31	$4.02B	$82.00M