Union Pacific operates a freight railroad across the western two-thirds of the U.S., covering over 30,000 route miles. It hauls bulk commodities (coal, grain, fertilizers, chemicals), manufactured goods (automotive parts, industrial products), and intermodal containers for shippers ranging from farmers and energy companies to retailers and manufacturers. Revenue comes from charging per-shipment freight rates. It also holds a ~25% stake in Mexican railroad Ferromex, with cross-border Mexico traffic representing roughly 10% of revenue.
Employees28,647IPOJun 20, 1969SIC4011HQ1400 Douglas Street, Omaha, NE, USA, 68179
to
Financials
Profitability
Metric
Current
Margins
Gross Margin
45.6%
Operating Margin
40.0%
EBITDA Margin
52.4%
Net Margin
28.9%
OCF Margin
40.4%
FCF Margin
25.6%
Returns on Capital
ROE
39.8%
ROA
10.5%
ROIC
11.5%
ROCE
16.8%
ROC (Greenblatt)
17.8%
3Y ROIIC
0.5%
Consistency
Years Profitable / 10Y
10
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
23.40
Forward P/E
22.11
P/E ex-NRI
23.54
Shiller P/E (CAPE)
23.98
Cash Flow Multiples
P/FCF
26.36
P/OCF
16.73
P/Owner Earnings
23.02
FCF Yield
3.79%
Enterprise Value Multiples
EV / EBIT
18.58
EV / Forward EBIT
19.03
EV / EBITDA
15.07
EV / Forward EBITDA
15.27
EV / Revenue
7.89
EV / Forward Revenue
7.66
Asset / Sales
P/S
6.76
P/B
8.31
P/Tangible Book
8.31
Growth-Adjusted
PEG
3.80
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
1.87%
Forward Dividend Yield
1.94%
3Y Dividend Growth
2.3%
Payout Ratio
0.45
5Y Yield on Cost
2.57%
Buybacks & Dilution
3Y Buyback Ratio
1.10%
5Y Share Change
−12.2%
Combined
Shareholder Yield
2.56%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
1.51
Gross Debt / EBITDA
2.34
Cash / Debt
0.07
Equity / Assets
0.29
Coverage
Interest Coverage
7.92
Short-Term Liquidity
Current Ratio
0.99
Quick Ratio
0.82
Cash Ratio
0.38
Composite Scores
Piotroski F-Score
8
Altman Z-Score
4.36
Split History
Date
Split
2014-06-09
2:1
2008-05-29
2:1
1991-10-02
2:1
1980-05-12
2:1
1977-02-16
2:1
Ex-date
Amount
Pay date
2026-05-29
$1.38
2026-06-30
2026-02-27
$1.38
2026-03-31
2025-12-05
$1.38
2025-12-30
2025-08-29
$1.38
2025-09-30
2025-05-30
$1.34
2025-06-30
2025-02-28
$1.34
2025-03-31
2024-12-09
$1.34
2024-12-30
2024-08-30
$1.34
2024-09-30
2024-05-31
$1.3
2024-06-28
2024-02-28
$1.3
2024-03-29
10 of 168
View allDate
Transcript
Type
2026-07-23
Q2 2026 Union Pacific Corp Earnings Call Transcript
Earnings Call
2026-05-21
Union Pacific Corp at RBC Capital Markets Canadian Industrials Conference Transcript
Conference Presentations
2026-05-20
Union Pacific Corp at Wolfe Research Global Transportation & Industrials Conference Transcript
Conference Presentations
2026-04-23
Q1 2026 Union Pacific Corp Earnings Call Transcript
Earnings Call
2026-03-18
Union Pacific Corp at JPMorgan Industrials Conference Transcript
Conference Presentations
2026-02-18
Union Pacific Corp at Barclays Industrial Select Conference Transcript
Conference Presentations
2026-01-27
Q4 2025 Union Pacific Corp Earnings Call Transcript
Earnings Call
2025-12-19
Union Pacific Corp and Norfolk Southern Corp Merger Application Conference Call Transcript
Corporate Presentation
2025-12-02
Union Pacific Corp at UBS Global Industrials & Transportation Conference Transcript
Conference Presentations
2025-10-23
Q3 2025 Union Pacific Corp Earnings Call Transcript
Earnings Call
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5-Step DuPont Analysis
ROE %
39.70%
×
×
Net Margin %
28.85%
×
×
Operating Margin %
40.03%
Operating Income
$10.17B
÷
Revenue
$25.41B
×
Tax Burden
0.7708
Net Income
$7.33B
÷
Pretax Income
$9.51B
×
Interest Burden
0.9350
Pretax Income
$9.51B
÷
Operating Income
$10.17B
×
Asset Turnover
0.36
÷
Revenue
$25.41B
÷
Average Total Assets
$69.89B
Begin Total Assets
$68.58B
End Total Assets
$71.21B
×
Equity Multiplier
3.79
÷
Avg Total Assets
$69.89B
÷
Avg Stockholders Equity
$18.47B
Begin Equity
$16.26B
End Equity
$20.67B
Top institutional holders
Q2 2026| Holder | Shares | % Owned | Chg. shares | |
|---|---|---|---|---|
| BlackRock, Inc. | 47.9M | 8.07% | +115.6K | $13.03B |
| VANGUARD CAPITAL MANAGEMENT LLC | 38.8M | 6.53% | +217.0K | $10.55B |
| STATE STREET CORP | 27.9M | 4.70% | +1.3M | $7.59B |
| Capital World Investors | 27.1M | 4.57% | +69.4K | $7.38B |
| Capital Research Global Investors | 17.1M | 2.88% | +206.0K | $4.65B |
| GEODE CAPITAL MANAGEMENT, LLC | 16.1M | 2.72% | +260.1K | $4.38B |
| JPMORGAN CHASE & CO | 15.7M | 2.64% | -2.0M | $4.27B |
| MORGAN STANLEY | 14.6M | 2.46% | -305.7K | $3.97B |
| BANK OF AMERICA CORP /DE/ | 14.5M | 2.45% | +64.5K | $3.95B |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 14.3M | 2.41% | -162.8K | $3.88B |
10 of 2,910
View allTop insider holdings
as reported| Insider | Shares held | % Owned | |
|---|---|---|---|
| Vena Vincenzo JOfficer | 223.9K | 0.0377% | $64.72M |
| Hamann Jennifer LOfficer | 120.2K | 0.0203% | $34.74M |
| Rocker Kenyatta GOfficer | 62.0K | 0.0105% | $17.92M |
| Gehringer Eric JOfficer | 56.0K | 0.0094% | $16.19M |
| Jalali RahulOfficer | 33.1K | 0.0056% | $9.58M |
| Richardson Craig VOfficer | 28.1K | 0.0047% | $8.12M |
| Conlin Christina BOfficer | 16.0K | 0.0027% | $4.63M |
| Whited Elizabeth FOfficer | — | — | — |
| Rynaski Todd M.Officer | — | — | — |
| DILLON DAVID BDirector | — | — | — |
10 of 11· 3 withheld
View allRecent insider activity
through Sep 10, 2026| Insider | Action | Shares | Date | |
|---|---|---|---|---|
| Powers Carrie JOfficer | Grant/Award (Rule 16b-3(d)) | +6 | $1,580 | Sep 10, 2026 |
| Conlin Christina BOfficer | Grant/Award (Rule 16b-3(d)) | +2 | $635 | Sep 10, 2026 |
| Rocker Kenyatta GOfficer | Grant/Award (Rule 16b-3(d)) | +3 | $744 | Sep 10, 2026 |
| Jalali RahulOfficer | Grant/Award (Rule 16b-3(d)) | +5 | $1,464 | Sep 10, 2026 |
| Hamann Jennifer LOfficer | Grant/Award (Rule 16b-3(d)) | +7 | $2,109 | Sep 10, 2026 |
| Rocker Kenyatta GOfficer | Gift | -431 | $0 | Sep 4, 2026 |
| Conlin Christina BOfficer | Grant/Award (Rule 16b-3(d)) | +2 | $635 | Aug 10, 2026 |
| Rocker Kenyatta GOfficer | Grant/Award (Rule 16b-3(d)) | +3 | $744 | Aug 10, 2026 |
| Powers Carrie JOfficer | Grant/Award (Rule 16b-3(d)) | +5 | $1,580 | Aug 10, 2026 |
| Hamann Jennifer LOfficer | Grant/Award (Rule 16b-3(d)) | +8 | $2,325 | Aug 10, 2026 |
10 of 2,693
View all