UNP

Union Pacific
D

UNP

Arincen77/100B

If you had invested in Union Pacific ago, it would be worth $3,911 today, against $4,096 in SPY and $6,368 in QQQ.

ArincenArincen ScoreBeta

77/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Union Pacific key facts

Style
Value stock · 5.9/10Growth 4.0 · Value 5.9 · Dividend 5.7
Day range
304.66 – 307.07
52-week range
219.89 – 315.99
Market capitalization
182.19B USD
P/E
23.86
PEG ratio
2.29
EPS
12.85
Div Yield
1.85%
EPS growth forecast (FY2026)
+12.9%
Volume
21,614
Beta
0.95
ESG score
66.2/100Environment 65 · Social 63 · Governance 71
Sector
Industrials
Industry
Railroads
CEO
Vincenzo James Vena
Employees
29K
Website
up.com
IPO date
2 Jan 1980

Union Pacific earnings

Next earnings · Q4 FY2026
EPS estimate
3.31 USD
Revenue estimate
7.13B USD
Last quarter · Q3 FY2026
EPS3.53Beat +1.7%Revenue7.20BBeat +0.5%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q1 FY20283.46——+6.58%8.60B——+24.71%
Q4 FY20273.67——+10.96%7.88B——+10.52%
Q1 FY20273.25——+10.90%6.89B——+10.88%
Q4 FY20263.31——+15.73%7.13B——+17.23%
Q3 FY20263.473.53+1.73%+14.61%7.16B7.20B+0.52%+15.26%
Q2 FY20263.263.41+4.60%+12.54%6.72B6.86B+2.21%+11.54%
Q1 FY20262.862.93+2.45%+8.52%6.23B6.22B-0.19%+3.15%
Q4 FY20252.862.860.00%-1.72%6.11B6.09B-0.43%-0.59%
Q3 FY20252.993.08+3.01%+12.00%6.25B6.24B-0.14%+2.51%
Q2 FY20252.913.03+4.12%+10.58%6.16B6.15B-0.16%+2.45%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

Union Pacific analyst forecast

12-month price target
327.60 USD
+6.85%

Analysts' 1-year price targets range from 294.00 to 350.00, with an average of 327.60.

Past year
1-year forecast
Strong sellStrong buy
Buy
16 ratings
Buy
12
Hold
4
Sell
0

12-month price target

Highest target350.00
Average target327.60
Lowest target294.00
Current price306.59

Union Pacific valuation

Price to earnings ratio (TTM)
23.86
Forward P/E (FY2026)
23.27
Price to sales (TTM)
6.91
Price to book
8.27
EV / EBITDA (TTM)
15.32

Capital structure

Market capitalization
182.19B USD
+
Total debt
31.11B USD
−
Cash and short-term investments
3.09B USD
=
Enterprise value
210.22B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)19.47————
FY2027 (est.)21.2919.47———
FY2026 (est.)23.2721.29———
Now (TTM)23.8621.536.918.2715.32
FY202519.2617.565.597.4212.95
FY202420.5419.525.718.2013.64
FY202323.4622.426.2010.1215.37
FY202218.4220.115.1810.6012.94
FY202125.2422.087.5511.6316.49

Union Pacific against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: CSX, Norfolk Southern, and Westinghouse Air Brake Technologies, the US Railroads companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Above its median23.9
    16.527.7
  • Gross marginHighest in 5 years59.4%
    43.7%59.4%
    Against its peers: 1 of 4Peers' median 33.2%
  • Operating marginAbove its median40.1%
    37.7%42.8%
    Against its peers: 1 of 4Peers' median 32.1%
  • Net marginAbove its median29.1%
    26.4%29.9%
    Against its peers: 1 of 4Peers' median 20.5%
  • Return on equityLowest in 5 years38.7%
    38.7%57.5%
    Against its peers: 1 of 4Peers' median 18.5%
  • Free cash flow marginBelow its median22.4%
    19.8%28.0%
    Against its peers: 1 of 4Peers' median 13.4%
  • Revenue growthAt its median1.1%
    -3.0%14.1%
    Against its peers: 2 of 4Peers' median 0.5%
  • EPS growthAt its median7.9%
    -6.8%26.3%
    Against its peers: 3 of 4Peers' median 10.2%
  • Debt to EBITDALowest in 5 years2.46×
    2.46×2.87×
    Against its peers: 2 of 4Peers' median 2.92×
  • Current ratioHighest in 5 years0.91
    0.620.91
    Against its peers: 2 of 4Peers' median 0.85

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Union Pacific growth and profitability

Revenue (TTM)
26.36B USD
Net income (TTM)
7.62B USD
Gross margin
44.04%
Operating margin
39.98%
Net margin
28.90%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202524.51B+1.07%7.14B+5.80%59.38%40.14%29.12%12.94B+3.84%
FY202424.25B+0.54%6.75B+5.77%45.52%40.05%27.82%12.46B+4.79%
FY202324.12B-3.04%6.38B-8.85%43.65%37.65%26.45%11.89B-5.54%
FY202224.88B+14.08%7.00B+7.28%45.05%39.87%28.13%12.59B+6.30%
FY202121.80B+11.63%6.52B+21.95%48.22%42.83%29.92%11.84B+14.64%

Union Pacific revenue breakdown

By product

FY2025
Industrial: 35.1%Bulk: 31.0%Premium: 28.7%Other Subsidiary Revenues: 2.9%Accessorial Revenues: 1.9%Other Miscellaneous Product and Service Revenues: 0.4%35.1%Industrial31.0%Bulk28.7%Premium2.9%Other Subsidiary Revenues1.9%Accessorial Revenues
SegmentRevenueShare of revenueChange on the year
Industrial8.60B35.1%+1.9%
Bulk7.59B31.0%+5.3%
Premium7.03B28.7%-1.9%
Other Subsidiary Revenues718.00M2.9%-8.9%
Accessorial Revenues475.00M1.9%-14.3%
Other Miscellaneous Product and Service Revenues97.00M0.4%0.0%

By region

FY2025
100.0%M [X]
RegionRevenueShare of revenueChange on the year
M [X]2.90B100.0%—

How Union Pacific makes its money

Industrial8.60B 35.1%
Bulk7.59B 31.0%
Premium7.03B 28.7%
Other Subsidiary Revenues718.00M 2.9%
Accessorial Revenues475.00M 1.9%
Other Miscellaneous Product and Service Revenues97.00M 0.4%
Revenue24.51B 100.0%
Cost of revenue9.96B 40.6%
Gross profit14.55B 59.4%
Selling and administration3.33B 13.6%
Other operating expenses1.39B 5.7%
Operating income9.84B 40.1%
Tax2.03B 8.3%
Other expense673.00M 2.7%
Net income7.14B 29.1%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Union Pacific dividends

Annual dividend
5.68 USD
Dividend yield (indicated)
1.85%
Payout ratio
43.27%
Years of dividend growth
20
Frequency
Quarterly
Last payment
1.42 USD
Last ex-dividend date
31 Aug 2026
Last payment date
30 Sept 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share5.445.285.205.084.293.883.703.062.482.26

Union Pacific financial health

Cash and short-term investments
3.09B USD
Total debt
31.11B USD
Net cash
-28.03B USD
Free cash flow (TTM)
6.69B USD
Current ratio
1.16
Debt to equity
1.41
Piotroski score
7 / 9
Altman Z-score
4.33

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20251.53B31.81B5.50B
FY20241.04B32.46B5.89B
FY20231.07B34.18B4.77B
FY20221.02B34.96B5.74B
FY20211.01B31.49B6.10B

Union Pacific ownership

Institutions
89.91%
Institutional holders
2,976 (+114)
Free float
99.80%

Who owns the shares

Institutions 89.9% Others 10.1%
As of 30 Jun 2026

Shares free to trade

Free float 593.05M shares ·99.8% Closely held 1.20M shares ·0.2%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 2026002.81K0.00
Q3 2026002.81K431.00
Q2 20260330.93K44.23K
Q1 202601430.31K56.18K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025592.50M593.50M-2.48%
FY2024607.60M608.60M-0.26%
FY2023609.20M610.20M-2.21%
FY2022622.70M624.00M-4.79%
FY2021653.80M655.40M-3.49%

Source: Financial Modeling Prep

Related Instruments

Title: Union Pacific Corp

Sector: Industrials
Industry: Railroads
Union Pacific Corporation is a rail transport company incorporated and operating in the US. The company was founded in 1969 and is headquartered in Omaha, Nebraska. Its primary business runs through its main operating entity, Union Pacific Railroad Company (UPRR). Its routes crisscross 23 states in the western two-thirds of the country, handling an array of goods that include agricultural, automotive, and chemical products. Its diversified freight mix includes bulk, industrial, and premium.

Common questions about Union Pacific stock