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UNPUnion Pacific Corporation
$283.12$168.1B
Overview & Verdict
OverviewShould I Buy?
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UNP logoUnion Pacific Corporation(UNP)Earnings, Financials & Key Ratios

UNP•NYSE
$283.12
23.7× P/E·Price updated Jul 7, 2026
SectorIndustrialsIndustryRailroadsSub-IndustryNorth American freight railroads
AboutUnion Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers. As of December 31, 2021, its rail network included 32,452 route miles connecting Pacific Coast and Gulf Coast ports with the Midwest and Eastern United States gateways. The company was founded in 1862 and is headquartered in Omaha, Nebraska.Show more
  • Revenue$24.51B+1.1%
  • EBITDA$12.31B+1.3%
  • Net Income$7.14B+5.8%
  • EPS (Diluted)11.97+7.9%
  • Gross Margin59.38%+30.4%
  • EBITDA Margin50.23%+0.3%
  • Operating Margin40.14%+0.2%
  • Net Margin29.12%+4.7%
  • ROE40.38%-5.2%

UNP Price & Volume

Union Pacific Corporation (UNP) stock price & volume — 10-year historical chart

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Resilient Rail Margins Face Competitive Network Headwinds

Investment Thesis • Updated 2026Q1

VerdictNeutral: While the company maintains a strong 39.2% operating margin
Growth:Stable
Profitability:Strong
Financial:Healthy
Cash Flow:Robust
Primary Risk:Competitive CPKC network expansion

Key Thesis Takeaways

  • Union Pacific maintains a robust competitive moat through its massive 32,000-mile rail network, consistently converting approximately 40% of revenue into operating income despite stagnant top-line growth.
  • While the company has successfully deleveraged, reducing its debt-to-equity ratio from 2.31 in 2023Q4 to 1.72 by 2025Q4, investors should monitor the long-term pricing pressure introduced by the expanded CPKC network.
  • Future performance will likely depend on the firm's ability to balance its 15-16% revenue-based capital expenditure requirements with sustained shareholder returns.

Verdict Logic

the current P/E ratio of 22.42 and the competitive threat from CPKC suggest limited upside until top-line growth accelerates beyond the recent stagnant trend.

UNP Growth Metrics

Union Pacific Corporation (UNP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years1.17%
5 Years4.64%
3 Years-0.49%
TTM-23.74%

Profit CAGR

10 Years4.11%
5 Years5.94%
3 Years0.66%
TTM-18.1%

EPS CAGR

10 Years8.11%
5 Years8.72%
3 Years2.21%
TTM9.36%

Return on Capital

10 Years15.28%
5 Years15.78%
3 Years15.33%
Last Year15.48%

UNP Recent Earnings

Union Pacific Corporation (UNP) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 2/12 qtrs (17%)
Q2 2026Latest
Apr 23, 2026
Metric
Actual
Est
EPS
$2.93+2.4%
$2.86
Rev
$6.2B-0.2%
$6.2B
Q1 2026
Jan 27, 2026
Metric
Actual
Est
EPS
$2.86+0.0%
$2.86
Rev
$6.1B-0.4%
$6.1B
Q4 2025
Oct 23, 2025
Metric
Actual
Est
EPS
$3.08+3.0%
$2.99
Rev
$6.2B-0.1%
$6.3B
Q3 2025
Jul 24, 2025
Metric
Actual
Est
EPS
$3.03+4.1%
$2.91
Rev
$6.2B-0.2%
$6.2B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 23, 2026
$2.93vs $2.86+2.4%
$6.2Bvs $6.2B-0.2%
Q1 2026Jan 27, 2026
$2.86vs $2.86+0.0%
$6.1Bvs $6.1B-0.4%
Q4 2025Oct 23, 2025
$3.08vs $2.99+3.0%
$6.2Bvs $6.3B-0.1%
Q3 2025Jul 24, 2025
$3.03vs $2.91+4.1%
$6.2Bvs $6.2B-0.2%
Based on last 12 quarters of dataView full earnings history →

Latest UNP News

Recent stock market news and headlines for Union Pacific Corporation (UNP)

Business Wire·Jun 25, 2026
Union Pacific Corporation Announces Second Quarter 2026 Earnings Release Date

OMAHA, Neb.--(BUSINESS WIRE)--Union Pacific Corporation (NYSE: UNP) will release second quarter 2026 financial and operating results on Thursday, July 23, 2026, at 7:45 a.m. ET. The company's management team will host a conference call and live webcast at 8:45 a.m. ET. Parties interested in participating via teleconference may dial 877-407-8293. International callers may dial 201-689-8349. A live webcast of the presentation and materials will be available in the investor relations section of Un.

Seeking Alpha·Jun 24, 2026
Union Pacific: A Dividend Growth Train To Board Now

Union Pacific's market-beating payout remains positioned to grow in the years ahead. The railroad operator's pricing power/operational efficiency and the ongoing merger with Norfolk Southern remain key growth catalysts. Union Pacific maintains an A- S&P credit rating with a stable outlook.

Zacks Investment Research·Jun 23, 2026
Why Investors Need to Take Advantage of These 2 Transportation Stocks Now

Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.

Seeking Alpha·Jun 16, 2026
Union Pacific Corporation (UNP) Presents at NYSE 2026 European Investor Conference Transcript

Union Pacific Corporation (UNP) Presents at NYSE 2026 European Investor Conference Transcript

GuruFocus·Jun 16, 2026
CRH elects W. Anthony (Tony) Will to its Board of Directors

CRH (NYSE: CRH), the leading provider of building materials, today announced the election of Mr. Tony Will, 60, to the CRH Board of Directors, effective July 1

Peers Comparison

Key metrics vs top competitors for Union Pacific Corporation (UNP)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
UNP logoUNPUnion Pacific CorporationCurrent
$283.12$168.08B23.651.07%29.12%40.38%1.93%
CSX logoCSXCSX Corporation
$48.51$90.14B31.50-3.08%21.55%23.52%—
NSC logoNSCNorfolk Southern Corporation
$322.74$72.48B25.310.47%21.91%17.43%—
CP logoCPCanadian Pacific Kansas City Ltd.
$88.72$79.65B27.963.66%27.21%10.09%—
CNI logoCNICanadian National Railway Company
$122.78$75.07B23.081.43%27.22%21.93%—
JBHT logoJBHTJ.B. Hunt Transport Services, Inc.
$275.00$25.93B44.93-0.73%5.13%17.3%—

Compare UNP vs Peers

Union Pacific Corporation (UNP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CSX

Most directly comparable listed peer for UNP.

Scale Benchmark

vs CAT

Larger-name benchmark to compare UNP against a more recognizable public peer.

Peer Set

Compare Top 5

vs CSX, NSC, CP, CNI

UNP SEC Filings & Documents

Union Pacific Corporation (UNP) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 23, 2026·SEC

Material company update

Jan 27, 2026·SEC

Material company update

Dec 19, 2025·SEC

10-K Annual Reports

1
FY 2026

Feb 6, 2026·SEC

10-Q Quarterly Reports

3
FY 2026

Apr 23, 2026·SEC

FY 2025

Oct 23, 2025·SEC

FY 2025

Jul 24, 2025·SEC

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UNP Frequently Asked Questions

Union Pacific Corporation (UNP) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Union Pacific Corporation's revenue?

Union Pacific Corporation (UNP) reported $18.49B in revenue for fiscal year 2025. This represents a 110% increase from $8.79B in 1996.

How fast is Union Pacific Corporation growing?

Union Pacific Corporation (UNP) grew revenue by 1.1% over the past year. Growth has been modest.

Is UNP profitable?

Yes, Union Pacific Corporation (UNP) is profitable, generating $5.51B in net income for fiscal year 2025 (29.1% net margin).

Dividend & Returns
Does UNP pay dividends?

Yes, Union Pacific Corporation (UNP) pays a dividend with a yield of 1.93%. This makes it attractive for income-focused investors.

What is UNP's return on equity?

Union Pacific Corporation (UNP) has a return on equity (ROE) of 40.4%. This is excellent, indicating efficient use of shareholder capital.

What is Union Pacific Corporation's free cash flow?

Union Pacific Corporation (UNP) generated $4.20B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in UNP back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →