UNP Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price

$263.13

Market Cap

$137.23B

P/E (TTM)

19.3

EPS (TTM)

$11.98

Revenue (TTM)

$24.51B

Div Yield

2.4%

ROE

41.1%

Debt/Equity

0.0

52W Range

$211 – $280

UNP Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $24.51B

2016-12-31 → 2025-12-31

EPS $11.98

2016-12-31 → 2025-12-31

Free Cash Flow $5.50B

2016-12-31 → 2025-12-31

Margins 29.1%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric

5Y trend

UNP

Peer Median

P/E (TTM)

19.3

23.3

P/S (TTM)

5.6

5.4

P/B

7.4

4.8

EV / EBITDA

13.8

—

Price / FCF

25.0

—

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric

5Y trend

UNP

Peer Median

Operating Margin

40.2%

—

Net Profit Margin

29.1%

22.1%

ROA

10.4%

6.6%

ROE

41.1%

21.2%

ROIC

41.5%

—

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric

5Y trend

UNP

Peer Median

Debt / Equity

0.0

150.2

Current Ratio

0.9

Quick Ratio

0.6

—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric

5Y trend

UNP

Peer Median

Revenue YoY

1.1%

—

Revenue CAGR 3Y

-0.49%

—

Revenue CAGR 5Y

4.6%

—

EPS YoY

8.0%

—

Net Income YoY

5.8%

—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric

5Y trend

UNP

Peer Median

EPS (Diluted)

$11.98

—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric

5Y trend

UNP

Peer Median

Payout Ratio

45.3%

—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield

2.4%

Payout Ratio

45.3%

5Y Div CAGR

—

Ex-date	Amount
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

UNP Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 30 analysts

Strong Buy 8 26.7%
Buy 12 40.0%
Hold 10 33.3%
Sell 0 0.0%
Strong Sell 0 0.0%

12-Month Price Target

22 analysts · 2026-05-28

Median $294.50

Now $263.13

Low $239.00

High $330.00

Median target $294.50 +11.9%

Mean target $291.05 +10.6%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise

0.01%

Period	EPS Actual	EPS Est	Surprise
March 31, 2026	$2.93	$2.89	0.04%
Dec. 31, 2025	$2.86	$2.90	-0.04%
Sept. 30, 2025	$3.08	$3.02	0.06%
June 30, 2025	$3.03	$2.94	0.09%
March 31, 2025	$2.70	$2.78	-0.08%

Peer Comparison Key metrics vs sector peers

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
UNP	$137.23B	19.3	1.1%	29.1%	41.1%	—
CSX	$67.42B	23.5	-3.1%	20.5%	22.6%	—
NSC	$64.79B	22.6	0.47%	23.6%	18.9%	—
FIP	$536M	-2.0	51.6%	-30.3%	-135.8%	—

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 14

Annual Income Statement data for UNP
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$24.51B	$24.25B	$24.12B	$24.88B	$21.80B	$19.53B	$21.71B	$22.83B	$21.24B	$19.94B	$21.81B	$23.99B
Operating Expenses	$14.66B	$14.54B	$15.04B	$14.96B	$12.47B	$11.70B	$13.15B	$14.31B	$13.13B	$12.70B	$13.76B	$15.23B
Operating Income	$9.85B	$9.71B	$9.08B	$9.92B	$9.34B	$7.83B	$8.55B	$8.52B	$8.11B	$7.24B	$8.05B	$8.75B
Interest Expense	·	·	$1.34B	$1.27B	$1.16B	$1.14B	$1.05B	$870M	$719M	$698M	$622M	$561M
Interest Income	·	$52M	$52M	$23M	$4M	$12M	$32M	$30M	$16M	$11M	$5M	$4M
Other Non-op	$629M	$350M	$491M	$426M	$297M	$287M	$243M	$94M	$245M	$221M	$226M	$151M
Pretax Income	$9.17B	$8.79B	$8.23B	$9.07B	$8.48B	$6.98B	$7.75B	$7.74B	$7.63B	$6.77B	$7.66B	$8.34B
Income Tax	$2.03B	$2.05B	$1.85B	$2.07B	$1.96B	$1.63B	$1.83B	$1.77B	$-3.08B	$2.53B	$2.88B	$3.16B
Net Income	$7.14B	$6.75B	$6.38B	$7.00B	$6.52B	$5.35B	$5.92B	$5.97B	$10.71B	$4.23B	$4.77B	$5.18B
EPS (Basic)	$12.00	$11.10	$10.47	$11.24	$9.98	$7.90	$8.41	$7.95	$13.42	$5.09	$5.51	$5.77
EPS (Diluted)	$11.98	$11.09	$10.45	$11.21	$9.95	$7.88	$8.38	$7.91	$13.36	$5.07	$5.49	$5.75
Shares (Basic)	595,000,000	607,600,000	609,200,000	622,700,000	653,800,000	677,300,000	703,500,000	750,900,000	798,400,000	832,400,000	866,200,000	897,100,000
Shares (Diluted)	595,900,000	608,600,000	610,200,000	624,000,000	655,400,000	679,100,000	706,100,000	754,300,000	801,700,000	835,400,000	869,400,000	901,100,000
EBITDA	$9.85B	$9.71B	$9.08B	$9.92B	$9.34B	$7.83B	$8.55B	$8.52B	$8.06B	$7.27B	$8.05B	$8.75B

Balance Sheet 26

Annual Balance Sheet data for UNP
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Cash & Equivalents	$1.27B	$1.02B	$1.05B	$973M	$960M	$1.80B	$831M	$1.27B	$1.27B	$1.28B	$1.39B	$1.59B
Receivables	$1.86B	$1.89B	$2.07B	$1.89B	$1.72B	$1.50B	$1.59B	$1.75B	$1.49B	$1.26B	$1.36B	$1.61B
Other Current Assets	$392M	$322M	$261M	$301M	$202M	$212M	$222M	$333M	$399M	$284M	$647M	$492M
Current Assets	$4.55B	$4.02B	$4.15B	$3.95B	$3.55B	$4.21B	$3.46B	$4.16B	$4.01B	$3.60B	$4.13B	$4.40B
PP&E (Net)	·	·	$57.40B	$56.04B	$54.87B	$54.16B	$53.92B	$52.68B	$51.60B	$50.39B	$48.87B	$46.27B
PP&E (Gross)	·	·	$81.73B	$79.25B	$77.28B	$75.42B	$74.25B	$72.81B	$70.81B	$69.06B	$66.56B	$63.21B
Accum. Depreciation	·	·	$24.34B	$23.22B	$22.40B	$21.26B	$20.33B	$20.13B	$19.21B	$18.67B	$17.70B	$16.94B
Other Non-current Assets	$1.58B	$1.39B	$1.34B	$1.41B	$1.07B	$249M	$436M	$393M	$386M	$276M	$194M	$309M
Total Assets	$69.70B	$67.72B	$67.13B	$65.45B	$63.52B	$62.40B	$61.67B	$59.15B	$57.81B	$55.72B	$54.60B	$52.37B
Accounts Payable	$804M	$847M	$856M	$784M	$752M	$612M	$749M	$872M	$1.01B	$955M	$743M	$877M
Short-term Debt	$0	$0	$0	$200M	$400M	$75M	$200M	$200M	$0	·	·	$0
Current Liabilities	$5.01B	$5.25B	$5.11B	$5.52B	$5.74B	$4.17B	$4.35B	$4.63B	$3.94B	$3.64B	$3.21B	$3.76B
Capital Leases	$738M	$925M	$1.25B	$1.30B	$1.43B	$1.28B	$1.47B	·	·	·	·	·
Deferred Tax	$13.42B	$13.15B	$13.12B	$13.03B	$12.68B	$12.25B	$11.99B	$11.30B	$10.94B	$16.00B	$15.24B	$14.40B
Other Non-current Liabilities	$1.76B	$1.73B	$1.71B	$1.78B	$1.95B	$2.08B	$1.79B	$1.87B	$1.93B	$1.90B	$1.84B	$2.06B
Total Liabilities	$51.23B	$50.83B	$52.34B	$53.29B	$49.36B	$45.44B	$43.55B	$38.72B	$32.95B	$35.79B	$33.90B	$31.18B
Long-term Debt	$31.81B	$31.19B	$32.58B	$33.33B	$29.73B	$26.73B	$25.20B	$22.39B	$16.94B	$15.01B	$14.20B	$11.41B
Total Debt	$0	$0	$0	$200M	$400M	$75M	$200M	$200M	·	·	·	$0
Common Stock	$2.78B	$2.78B	$2.78B	$2.78B	$2.78B	$2.78B	$2.78B	$2.78B	$2.78B	$2.78B	$2.78B	$2.77B
Paid-in Capital	$5.59B	$5.33B	$5.19B	$5.08B	$4.98B	$4.86B	$4.52B	$4.45B	$4.48B	$4.42B	$4.42B	$4.32B
Retained Earnings	$69.53B	$65.63B	$62.09B	$58.89B	$55.05B	$51.33B	$48.60B	$45.28B	$41.32B	$32.59B	$30.23B	$27.37B
Treasury Stock	$58.84B	$56.13B	$54.67B	$54.00B	$47.73B	$40.42B	$36.42B	$30.67B	$22.57B	$18.58B	$15.53B	$12.06B
AOCI	$-591M	$-723M	$-614M	$-582M	$-914M	$-1.59B	$-1.36B	$-1.42B	$-1.14B	$-1.27B	$-1.20B	$-1.21B
Stockholders' Equity	$18.47B	$16.89B	$14.79B	$12.16B	$14.16B	$16.96B	$18.13B	$20.42B	$24.86B	$19.93B	$20.70B	$21.19B
Liabilities + Equity	$69.70B	$67.72B	$67.13B	$65.45B	$63.52B	$62.40B	$61.67B	$59.15B	$57.81B	$55.72B	$54.60B	$52.37B
Shares Outstanding	593,245,884	1,113,000,000	1,112,900,000	1,112,600,000	1,112,400,000	671,351,360	1,112,000,000	1,111,700,000	1,111,400,000	1,111,000,000	1,110,400,000	1,110,100,000

Cash Flow 16

Annual Cash Flow data for UNP
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Stock-based Comp	·	·	$107M	$99M	$88M	$73M	$93M	$96M	$103M	$82M	$98M	$112M
Deferred Tax	$241M	$28M	$117M	$262M	$154M	$340M	$566M	$339M	$-5.07B	$831M	$765M	$895M
Restructuring	·	·	·	·	·	·	$24M	$25M	$86M	·	·	·
Operating Cash Flow	$9.29B	$9.35B	$8.38B	$9.36B	$9.03B	$8.54B	$8.61B	$8.69B	$7.23B	$7.53B	$7.34B	$7.38B
CapEx	$3.79B	$3.45B	$3.61B	$3.62B	$2.94B	$2.93B	$3.45B	$3.44B	$3.24B	$3.50B	$4.65B	$4.35B
Investing Cash Flow	$-3.76B	$-3.33B	$-3.67B	$-3.47B	$-2.71B	$-2.68B	$-3.44B	$-3.41B	$-3.09B	·	·	·
Debt Issued	$2.00B	$800M	$1.60B	$6.08B	$4.20B	$4.00B	$3.99B	$6.89B	$2.73B	$1.98B	$3.33B	$2.59B
Net Debt Issued	$2.00B	$800M	$1.60B	$6.08B	$4.20B	$4.00B	$3.99B	$6.89B	$2.73B	$1.98B	$3.33B	$2.59B
Stock Repurchased	$2.68B	$1.50B	$705M	$6.28B	$7.29B	$3.71B	$5.80B	$8.22B	$4.01B	$3.10B	$3.46B	$3.23B
Net Stock Activity	$-2.68B	$-1.50B	$-705M	$-6.28B	$-7.29B	$-3.71B	$-5.80B	$-8.22B	$-4.01B	$-3.10B	$-3.46B	$-3.23B
Dividends Paid	$3.24B	$3.21B	$3.17B	$3.16B	$2.80B	$2.63B	$2.60B	$2.30B	$1.98B	$1.88B	$2.34B	$1.63B
Financing Cash Flow	$-5.28B	$-6.07B	$-4.62B	$-5.89B	$-7.16B	$-4.90B	$-5.65B	$-5.22B	$-4.15B	·	·	·
Net Change in Cash	$252M	$-46M	$87M	$4M	$-835M	$962M	$-472M	$53M	$-2M	$-114M	$-195M	$154M
Taxes Paid	·	$1.34B	$1.49B	$2.06B	$-1.66B	$-1.21B	$-1.38B	$1.21B	$2.11B	$1.35B	$2.16B	$2.49B
Free Cash Flow	$5.50B	$5.89B	$4.77B	$5.74B	$6.10B	$5.61B	$5.16B	$5.25B	$3.99B	$4.02B	$2.69B	$3.04B
Levered FCF	·	·	$3.73B	$4.76B	$5.21B	$4.74B	$4.35B	$4.58B	$2.98B	$3.58B	$2.31B	$2.69B

Profitability 7

Annual Profitability data for UNP
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Operating Margin	40.2%	40.1%	37.6%	39.9%	42.8%	40.1%	39.4%	37.3%	38.0%	36.5%	36.9%	36.5%
Net Margin	29.1%	27.8%	26.5%	28.1%	29.9%	27.4%	27.3%	26.1%	50.4%	21.2%	21.9%	21.6%
Pretax Margin	37.4%	36.3%	34.1%	36.5%	38.9%	35.7%	35.7%	33.9%	35.9%	33.9%	35.1%	34.8%
EBITDA Margin	40.2%	40.1%	37.6%	39.9%	42.8%	40.1%	39.4%	37.3%	38.0%	36.5%	36.9%	36.5%
ROA	10.4%	10.0%	9.6%	10.8%	10.4%	8.6%	9.8%	10.2%	18.9%	7.7%	8.9%	10.1%
ROE	41.1%	40.3%	44.3%	58.6%	46.5%	30.5%	30.7%	26.4%	47.8%	20.8%	22.8%	24.4%
ROIC	41.5%	44.1%	47.6%	61.9%	49.3%	35.2%	35.7%	31.8%	45.5%	22.8%	24.2%	25.7%

Liquidity & Solvency 4

Annual Liquidity & Solvency data for UNP
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Current Ratio	0.9	0.8	0.8	0.7	0.6	1.0	0.8	0.9	1.0	1.0	1.3	1.2
Quick Ratio	0.6	0.6	0.6	0.5	0.5	0.8	0.6	0.7	0.7	0.7	0.9	0.8
Debt / Equity	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	·	·	·	0.0
Interest Coverage	·	·	6.8	7.8	8.1	6.9	8.1	9.8	11.2	10.4	12.9	15.6

Efficiency 2

Annual Efficiency data for UNP
Metric	Trend	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Asset Turnover		0.4	0.4	0.4	0.4	0.3	0.3	0.4	0.4	0.4	0.4	0.4	0.5
Receivables Turnover		13.1	12.2	12.2	13.8	13.5	12.6	13.0	14.1	15.4	15.3	14.7	15.9

Per Share 6

Annual Per Share data for UNP
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Book Value / Share	$31.13	$27.95	$24.25	$19.86	$22.17	$25.26	$26.19	$28.17	$31.83	$24.43	$24.38	$23.99
Revenue / Share	$41.13	$39.85	$39.53	$39.86	$33.27	$28.76	$30.74	$30.27	$26.49	$23.87	$25.09	$26.62
Cash Flow / Share	$15.59	$15.36	$13.73	$15.00	$13.78	$12.58	$12.19	$11.52	$9.02	$9.01	$8.45	$8.20
Cash / Share	$2.13	$1.68	$1.73	$1.59	$1.50	$2.68	$1.20	$1.76	$1.63	$1.57	$1.64	$1.80
Dividend / Share	$5	$5	$5	$5	$4	$4	$4	$3	$2	$2	$2	$2
EPS (TTM)	$11.98	$11.09	$10.45	$11.21	$9.95	$7.88	$8.38	$7.91	$13.36	$5.07	$5.49	$5.75

Growth Rates 10

Annual Growth Rates data for UNP
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue YoY	1.1%	0.54%	-3.0%	14.1%	11.6%	·	·	·	·	·	·	·
Revenue CAGR 3Y	-0.49%	3.6%	7.3%	·	·	·	·	·	·	·	·	·
Revenue CAGR 5Y	4.6%	·	·	·	·	·	·	·	·	·	·	·
EPS YoY	8.0%	6.1%	-6.8%	12.7%	26.3%	·	·	·	·	·	·	·
EPS CAGR 3Y	2.2%	3.7%	9.9%	·	·	·	·	·	·	·	·	·
EPS CAGR 5Y	8.7%	·	·	·	·	·	·	·	·	·	·	·
Net Income YoY	5.8%	5.8%	-8.8%	7.3%	21.9%	·	·	·	·	·	·	·
Net Income CAGR 3Y	0.66%	1.1%	6.0%	·	·	·	·	·	·	·	·	·
Net Income CAGR 5Y	5.9%	·	·	·	·	·	·	·	·	·	·	·
Dividend CAGR 5Y	4.3%	·	·	·	·	·	·	·	·	·	·	·

Valuation (TTM) 17

Annual Valuation (TTM) data for UNP
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue TTM	$24.51B	$24.25B	$24.12B	$24.88B	$21.80B	$19.53B	$21.71B	$22.83B	$21.24B	$19.94B	$21.81B	$23.99B
Net Income TTM	$7.14B	$6.75B	$6.38B	$7.00B	$6.52B	$5.35B	$5.92B	$5.97B	$10.71B	$4.23B	$4.77B	$5.18B
Market Cap	$137.23B	$137.79B	$149.76B	$126.81B	$160.94B	$139.79B	$125.12B	$100.22B	$104.72B	$84.58B	$66.41B	$105.24B
Enterprise Value	$135.96B	$136.78B	$148.70B	$126.04B	$160.38B	$138.06B	$124.49B	$99.15B	·	·	·	$103.65B
P/E	19.3	20.6	23.5	18.5	25.3	26.4	21.6	17.5	10.0	20.4	14.2	20.7
P/S	5.6	5.7	6.2	5.1	7.4	7.2	5.8	4.4	4.9	4.2	3.0	4.4
P/B	7.4	8.2	10.1	10.4	11.4	8.2	6.9	4.9	4.2	4.2	3.2	5.0
P / Tangible Book	7.4	8.2	10.1	10.4	11.4	8.2	·	·	·	·	·	·
P / Cash Flow	14.8	14.7	17.9	13.5	17.8	16.4	14.5	11.5	14.5	11.2	9.0	14.2
P / FCF	25.0	23.4	31.4	22.1	26.4	24.9	24.3	19.1	26.2	21.0	24.7	34.6
EV / EBITDA	13.8	14.1	16.4	12.7	17.2	17.6	14.6	11.6	·	·	·	11.8
EV / FCF	24.7	23.2	31.2	21.9	26.3	24.6	24.1	18.9	·	·	·	34.1
EV / Revenue	5.5	5.6	6.2	5.1	7.4	7.1	5.7	4.3	·	·	·	4.3
Dividend Yield	2.4%	2.3%	2.1%	2.5%	1.7%	1.9%	2.1%	2.3%	1.9%	2.2%	3.5%	1.6%
Earnings Yield	5.2%	4.9%	4.2%	5.4%	4.0%	3.8%	4.6%	5.7%	10.0%	4.9%	7.0%	4.8%
Payout Ratio	45.3%	47.6%	49.7%	45.1%	42.9%	49.1%	43.9%	38.5%	18.5%	44.4%	49.1%	31.5%
Annual Payout	$3.24B	$3.21B	$3.17B	$3.16B	$2.80B	$2.63B	$2.60B	$2.30B	$1.98B	$1.88B	$2.34B	$1.63B

Income Statement 13

Quarterly Income Statement data for UNP
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Revenue	$6.22B	$6.08B	$6.24B	$6.15B	$6.03B	$6.12B	$6.09B	$6.01B	$6.03B	$6.16B	$5.94B	$5.96B	$6.06B	$6.18B	$6.57B	$6.27B
Operating Expenses	$3.76B	$3.68B	$3.69B	$3.63B	$3.66B	$3.60B	$3.67B	$3.61B	$3.66B	$3.75B	$3.76B	$3.76B	$3.76B	$3.77B	$3.93B	$3.77B
Operating Income	$2.46B	$2.40B	$2.55B	$2.52B	$2.37B	$2.52B	$2.42B	$2.40B	$2.37B	$2.41B	$2.18B	$2.20B	$2.29B	$2.41B	$2.63B	$2.50B
Interest Expense	·	·	·	·	·	·	$314M	$319M	$324M	·	$334M	$339M	$336M	·	$315M	$316M
Other Non-op	$91M	$332M	$96M	$123M	$78M	$68M	$87M	$103M	$92M	$108M	$106M	$93M	$184M	$92M	$124M	$163M
Pretax Income	$2.23B	$2.41B	$2.32B	$2.31B	$2.13B	$2.28B	$2.19B	$2.18B	$2.14B	$2.18B	$1.95B	$1.96B	$2.14B	$2.17B	$2.44B	$2.34B
Income Tax	$528M	$560M	$530M	$437M	$501M	$519M	$518M	$511M	$499M	$532M	$421M	$389M	$512M	$533M	$547M	$507M
Net Income	$1.70B	$1.85B	$1.79B	$1.88B	$1.63B	$1.76B	$1.67B	$1.67B	$1.64B	$1.65B	$1.53B	$1.57B	$1.63B	$1.64B	$1.90B	$1.83B
EPS (Basic)	$2.87	$3.11	$3.02	$3.16	$2.71	$2.91	$2.75	$2.75	$2.69	$2.71	$2.51	$2.58	$2.67	$2.68	$3.05	$2.93
EPS (Diluted)	$2.87	$3.12	$3.01	$3.15	$2.70	$2.91	$2.75	$2.74	$2.69	$2.70	$2.51	$2.57	$2.67	$2.66	$3.05	$2.93
Shares (Basic)	593,000,000	-1,192,500,000	592,400,000	594,100,000	601,000,000	-1,218,600,000	607,600,000	609,400,000	609,200,000	-1,218,800,000	608,700,000	608,700,000	610,600,000	-1,255,500,000	620,400,000	625,600,000
Shares (Diluted)	593,600,000	-1,194,000,000	593,200,000	594,800,000	601,900,000	-1,220,500,000	608,600,000	610,300,000	610,200,000	-1,220,600,000	609,800,000	609,500,000	611,500,000	-1,257,900,000	621,500,000	626,800,000
EBITDA	$2.46B	·	$2.55B	$2.52B	$2.37B	·	$2.42B	$2.40B	$2.37B	·	$2.18B	$2.20B	$2.29B	·	$2.63B	$2.50B

Balance Sheet 26

Quarterly Balance Sheet data for UNP
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Cash & Equivalents	$735M	$1.27B	$808M	$1.06B	$1.41B	$1.02B	$947M	$1.14B	$925M	$1.05B	$750M	$830M	$1.08B	$973M	$1.27B	$788M
Receivables	$1.99B	$1.86B	$1.92B	$1.92B	$1.97B	$1.89B	$2.04B	$2.12B	$2.16B	·	$1.93B	$1.83B	$1.96B	·	$2.05B	$2.05B
Other Current Assets	$356M	$392M	$393M	$434M	$416M	$322M	$371M	$416M	$317M	·	$343M	$354M	$296M	·	$246M	$300M
Current Assets	$4.21B	$4.55B	$3.90B	$4.18B	$4.54B	$4.02B	$4.15B	$4.50B	$4.19B	·	$3.81B	$3.75B	$4.06B	·	$4.41B	$3.98B
PP&E (Net)	·	·	·	·	·	·	$58.04B	$57.84B	$57.59B	·	$57.01B	$56.64B	$56.27B	·	$55.69B	$55.31B
PP&E (Gross)	·	·	·	·	·	·	$83.27B	$82.73B	$82.27B	·	$81.13B	$80.51B	$79.84B	·	$78.74B	$78.07B
Accum. Depreciation	·	·	·	·	·	·	$25.23B	$24.89B	$24.68B	·	$24.12B	$23.87B	$23.57B	·	$23.05B	$22.76B
Other Non-current Assets	$1.61B	$1.58B	$1.42B	$1.40B	$1.40B	$1.39B	$1.39B	$1.39B	$1.38B	·	$1.47B	$1.47B	$1.50B	·	$1.23B	$1.16B
Total Assets	$69.64B	$69.70B	$68.65B	$68.58B	$68.49B	$67.72B	$67.57B	$67.82B	$67.27B	·	$66.54B	$66.03B	$65.97B	·	$65.34B	$64.44B
Accounts Payable	$940M	$804M	$853M	$815M	$898M	$847M	$830M	$870M	$814M	·	$936M	$894M	$952M	·	$916M	$896M
Short-term Debt	$0	$0	$0	$0	$0	$0	$225M	$300M	$298M	·	$302M	$224M	·	·	$200M	$250M
Current Liabilities	$4.60B	$5.01B	$5.22B	$6.45B	$6.22B	$5.25B	$5.37B	$4.29B	$4.53B	·	$5.30B	$5.25B	$6.21B	·	$5.71B	$6.00B
Capital Leases	$619M	$738M	$764M	$831M	$758M	$925M	$934M	$988M	$1.02B	·	$1.24B	$1.22B	$1.23B	·	$1.30B	$1.29B
Deferred Tax	$13.47B	$13.42B	$13.33B	$13.03B	$13.14B	$13.15B	$13.20B	$13.17B	$13.15B	·	$13.10B	$13.07B	$13.08B	·	$12.87B	$12.78B
Other Non-current Liabilities	$1.75B	$1.76B	$1.74B	$1.72B	$1.71B	$1.73B	$1.73B	$1.72B	$1.71B	·	$1.74B	$1.75B	$1.80B	·	$1.97B	$1.98B
Total Liabilities	$50.23B	$51.23B	$51.34B	$52.32B	$52.45B	$50.83B	$50.99B	$51.33B	$51.60B	·	$52.54B	$52.84B	$53.51B	·	$53.60B	$51.73B
Long-term Debt	·	$31.81B	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Total Debt	$0	·	$0	$0	$0	·	$225M	$300M	$298M	·	$302M	$224M	·	·	$200M	$250M
Common Stock	$2.78B	$2.78B	$2.78B	$2.78B	$2.78B	$2.78B	$2.78B	$2.78B	$2.78B	·	$2.78B	$2.78B	$2.78B	·	$2.78B	$2.78B
Paid-in Capital	$5.62B	$5.59B	$5.55B	$5.50B	$5.08B	$5.33B	$5.30B	$5.25B	$5.21B	·	$5.17B	$5.13B	$5.10B	·	$5.05B	$5.03B
Retained Earnings	$70.41B	$69.53B	$68.50B	$67.53B	$66.45B	$65.63B	$64.68B	$63.82B	$62.94B	·	$61.23B	$60.50B	$59.72B	·	$58.05B	$56.96B
Treasury Stock	$58.84B	$58.84B	$58.86B	$58.87B	$57.55B	$56.13B	$55.48B	$54.76B	$54.66B	·	$54.68B	$54.70B	$54.59B	·	$53.31B	$51.22B
AOCI	$-553M	$-591M	$-672M	$-692M	$-720M	$-723M	$-692M	$-606M	$-610M	·	$-497M	$-517M	$-560M	·	$-832M	$-841M
Stockholders' Equity	$19.42B	$18.47B	$17.30B	$16.26B	$16.04B	$16.89B	$16.58B	$16.49B	$15.66B	$14.79B	$14.00B	$13.19B	$12.45B	$12.16B	$11.74B	$12.71B
Liabilities + Equity	$69.64B	$69.70B	$68.65B	$68.58B	$68.49B	$67.72B	$67.57B	$67.82B	$67.27B	·	$66.54B	$66.03B	$65.97B	·	$65.34B	$64.44B
Shares Outstanding	593,675,922	593,245,884	593,127,096	593,009,409	598,992,024	604,241,260	606,908,876	609,727,377	610,088,307	1,112,900,000	·	609,398,738	609,884,944	1,112,600,000	615,789,169	625,168,003

Cash Flow 14

Quarterly Cash Flow data for UNP
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Stock-based Comp	·	·	·	·	·	·	$33M	$28M	$26M	·	$32M	$24M	$28M	·	$21M	$26M
Operating Cash Flow	$2.44B	$2.23B	$2.52B	$2.33B	$2.21B	$2.66B	$2.65B	$1.91B	$2.12B	$2.40B	$2.13B	$2.02B	$1.84B	$2.29B	$2.90B	$1.93B
CapEx	$937M	$999M	$950M	$936M	$906M	$922M	$831M	$902M	$797M	$1.02B	$975M	$835M	$772M	$930M	$1.04B	$797M
Investing Cash Flow	$-988M	$-971M	$-952M	$-901M	$-938M	$-899M	$-834M	$-790M	$-802M	$-1.02B	$-976M	$-869M	$-805M	$-912M	$-1.02B	$-704M
Debt Issued	$0	$0	$0	$-1M	$2.00B	$0	$0	$400M	$400M	$0	$0	$400M	$1.20B	$0	$1.99B	$600M
Net Debt Issued	$0	·	·	·	$2.00B	·	·	·	$400M	·	·	·	$1.20B	·	·	·
Stock Repurchased	$0	$0	$0	$1.26B	$1.42B	$674M	$731M	$100M	$0	$0	$0	$130M	$575M	$785M	$2.02B	$730M
Net Stock Activity	$0	·	·	·	$-1.42B	·	·	·	$0	·	·	·	$-575M	·	·	·
Dividends Paid	$821M	$818M	$819M	$795M	$804M	$810M	$815M	$793M	$795M	$793M	$792M	$793M	$795M	$797M	$806M	$813M
Financing Cash Flow	$-1.98B	$-804M	$-1.82B	$-1.77B	$-878M	$-1.69B	$-2.01B	$-917M	$-1.45B	$-1.08B	$-1.21B	$-1.40B	$-927M	$-1.68B	$-1.41B	$-1.34B
Net Change in Cash	$-529M	$450M	$-253M	$-339M	$394M	$71M	$-190M	$204M	$-131M	$293M	$-62M	$-252M	$108M	$-297M	$470M	$-116M
Taxes Paid	$59M	·	$56M	$724M	$61M	·	$2.37B	$1.19B	$46M	·	$-329M	$-791M	$-35M	$587M	$2.51B	$-1.03B
Free Cash Flow	$1.50B	·	·	·	$1.30B	·	·	·	$1.32B	·	·	·	$1.07B	·	·	·
Levered FCF	·	·	·	·	·	·	·	·	$1.08B	·	·	·	$812M	·	·	·

Profitability 7

Quarterly Profitability data for UNP
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Operating Margin	39.5%	·	40.8%	41.0%	39.3%	·	39.7%	40.0%	39.3%	·	36.6%	37.0%	37.9%	·	40.1%	39.8%
Net Margin	27.4%	·	28.6%	30.5%	27.0%	·	27.4%	27.9%	27.2%	·	25.7%	26.3%	26.9%	·	28.9%	29.3%
Pretax Margin	35.9%	·	37.1%	37.6%	35.3%	·	35.9%	36.4%	35.5%	·	32.8%	32.8%	35.4%	·	37.2%	37.4%
EBITDA Margin	39.5%	·	40.8%	41.0%	39.3%	·	39.7%	40.0%	39.3%	·	36.6%	37.0%	37.9%	·	40.1%	39.8%
ROA	2.5%	·	2.6%	2.8%	2.4%	·	2.5%	2.5%	2.5%	·	2.3%	2.4%	2.5%	·	3.0%	2.9%
ROE	9.6%	·	10.5%	11.5%	10.3%	·	10.9%	11.3%	11.7%	·	11.9%	12.1%	13.4%	·	14.8%	13.6%
ROIC	9.7%	·	11.4%	12.6%	11.3%	·	11.0%	10.9%	11.4%	·	11.9%	13.2%	14.0%	·	17.1%	15.1%

Liquidity & Solvency 4

Quarterly Liquidity & Solvency data for UNP
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Current Ratio	0.9	·	0.7	0.6	0.7	·	0.8	1.0	0.9	·	0.7	0.7	0.7	·	0.8	0.7
Quick Ratio	0.6	·	0.5	0.5	0.5	·	0.6	0.8	0.7	·	0.5	0.5	0.5	·	0.6	0.5
Debt / Equity	0.0	·	0.0	0.0	0.0	·	0.0	0.0	0.0	·	0.0	0.0	·	·	0.0	0.0
Interest Coverage	·	·	·	·	·	·	7.7	7.5	7.3	·	6.5	6.5	6.8	·	8.4	7.9

Efficiency 2

Quarterly Efficiency data for UNP
Metric	Trend	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Asset Turnover		0.1	·	0.1	0.1	0.1	·	0.1	0.1	0.1	·	0.1	0.1	0.1	·	0.1	0.1
Receivables Turnover		3.1	·	3.2	3.1	2.9	·	3.1	3.0	2.9	·	3.0	3.1	3.1	·	3.5	3.4

Per Share 6

Quarterly Per Share data for UNP
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Book Value / Share	$32.71	·	$29.17	$27.42	$26.78	·	$27.33	$27.04	$25.68	·	·	$21.65	$20.42	·	$19.07	$20.33
Revenue / Share	$10.47	·	$10.53	$10.35	$10.01	·	$10.01	$9.84	$9.88	·	$9.74	$9.78	$9.90	·	$10.56	$10.00
Cash Flow / Share	$4.11	·	·	·	$3.67	·	·	·	$3.48	·	·	·	$3.01	·	·	·
Cash / Share	$1.24	·	$1.36	$1.79	$2.36	·	$1.56	$1.86	$1.52	·	·	$1.36	$1.77	·	$2.06	$1.26
Dividend / Share	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1
EPS (TTM)	$11.73	·	$11.61	$11.34	$10.88	·	$10.69	$10.51	$10.44	·	$10.80	$11.22	$11.22	·	$11.12	$10.79

Valuation (TTM) 15

Quarterly Valuation (TTM) data for UNP
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Revenue TTM	$24.64B	·	$24.52B	$24.28B	$24.16B	·	$24.07B	$23.94B	$23.99B	·	$24.53B	$24.85B	$24.75B	·	$24.26B	$23.20B
Net Income TTM	$6.99B	·	$6.96B	$6.85B	$6.61B	·	$6.51B	$6.41B	$6.37B	·	$6.62B	$6.93B	$6.99B	·	$7.03B	$6.94B
Market Cap	$144.04B	·	$140.20B	$136.44B	$141.51B	·	$149.59B	$137.96B	$150.04B	·	·	$124.70B	$122.75B	·	$119.97B	$133.34B
Enterprise Value	$143.30B	·	$139.39B	$135.38B	$140.09B	·	$148.87B	$137.12B	$149.41B	·	·	$124.09B	·	·	$118.90B	$132.80B
P/E	20.7	·	20.4	20.3	21.7	·	23.1	21.5	23.6	·	18.9	18.2	17.9	·	17.5	19.8
P/S	5.8	·	5.7	5.6	5.9	·	6.2	5.8	6.3	·	·	5.0	5.0	·	4.9	5.7
P/B	7.4	·	8.1	8.4	8.8	·	9.0	8.4	9.6	·	·	9.5	9.9	·	10.2	10.5
P / Tangible Book	7.4	·	8.1	8.4	8.8	·	9.0	8.4	9.6	·	·	9.5	9.9	·	10.2	10.5
P / Cash Flow	59.0	·	·	·	64.0	·	·	·	70.7	·	·	·	66.7	·	·	·
P / FCF	95.8	·	·	·	108.5	·	·	·	113.2	·	·	·	114.9	·	·	·
EV / EBITDA	58.3	·	54.7	53.6	59.1	·	61.6	57.1	63.0	·	·	56.3	·	·	45.2	53.2
EV / FCF	95.3	·	·	·	107.4	·	·	·	112.8	·	·	·	·	·	·	·
EV / Revenue	5.8	·	5.7	5.6	5.8	·	6.2	5.7	6.2	·	·	5.0	·	·	4.9	5.7
Earnings Yield	4.8%	·	4.9%	4.9%	4.6%	·	4.3%	4.7%	4.2%	·	5.3%	5.5%	5.6%	·	5.7%	5.1%
Payout Ratio	48.3%	·	·	·	49.5%	·	·	·	48.4%	·	·	·	48.8%	·	·	·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	$24.51B	$24.25B	$24.12B	$24.88B	$21.80B
Operating Margin %	40.2%	40.1%	37.6%	39.9%	42.8%
Net Income	$7.14B	$6.75B	$6.38B	$7.00B	$6.52B
Diluted EPS	$11.98	$11.09	$10.45	$11.21	$9.95

Balance Sheet

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Debt / Equity	0.0	0.0	0.0	0.0	0.0
Current Ratio	0.9	0.8	0.8	0.7	0.6
Quick Ratio	0.6	0.6	0.6	0.5	0.5

Cash Flow

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Free Cash Flow	$5.50B	$5.89B	$4.77B	$5.74B	$6.10B

Latest News Recent headlines mentioning this company

How rail mega-merger moved ahead, and STB avoided making history Yahoo Finance · 19 minutes ago
Brookfield Infrastructure Could Quietly Cash In on the Coming Rail Megamerger Yahoo Finance · 20 minutes ago
STB Puts On Hold Union Pacific, Norfolk Southern Merger Review Nasdaq · 15 hours, 57 minutes ago
Is Union Pacific (UNP) the Best Slow Growth Stock to Buy According to Analysts? Yahoo Finance · 1 month ago
First look: Union Pacific Q1 earnings Yahoo Finance · 1 month ago
High Oil Prices Are Driving an EV Boom. Who's the Next Winner After Tesla? Nasdaq · 1 month ago
Notable Friday Option Activity: UAL, UNP, PWR Nasdaq · 1 month, 1 week ago

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UNP Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

UNP Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

Moving averages & overlays

Volume

Oscillators

Momentum & trend

10-Year Performance Revenue, net income, margins and EPS trends

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Financial Health Debt, liquidity, solvency — balance sheet strength

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Dividends Yield, payout ratio, dividend history, 5Y CAGR

UNP Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

12-Month Price Target

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Peer Comparison Key metrics vs sector peers

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Latest News Recent headlines mentioning this company

My Metrics Your personal watchlist — selected rows from Full Fundamentals