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Saturday 31 October 2026 Export UNP’s income statement to Excel — free account

Union Pacific Corporation

UNP Industrials Railroads

Union Pacific Corporation’s revenue for fiscal 2025 (year ended December 2025) was $24.5 billion, up 1.07% from fiscal 2024.

Revenue
+11.5%
EPS
+6.33%
Free cash flow
+57.7%
Total debt
−7.58%

Quarter to June 2026, against a year earlier

304.00 2.07 +0.69%
Market cap
$179.4B
P/E
24.6×
Fwd P/E
23.3×
Dividend yield
1.83%
F-score
8/9
Altman Z
3.82
Beneish M
−2.64
Dividend safety
73/100
Overview Business Profile
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Filings

Union Pacific Corporation (UNP) Debt to equity

Alert me on Debt to equity

Union Pacific Corporation's debt to equity at the end of the quarter to 30 June 2026 was 1.5×, down 0.3× from fiscal 2025 (1.7×). Over the past ten years it has ranged from 0.7× (fiscal 2017) to 2.7× (fiscal 2022); the current reading is higher than 64% of that period. That is above the Railroads industry median of 0.6× and above the Industrials sector median of 0.3×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 1.7× (6.72%)
FY2024 1.8× (16.17%)
FY2023 2.2× (19.59%)
FY2022 2.7× 30.51%
FY2021 2.1× 33.19%
FY2020 1.6× 13.39%
FY2019 1.4× 26.79%
FY2018 1.1× 60.83%
FY2017 0.7× (9.46%)
FY2016 0.8× 9.75%

Quarterly newest first

Period Debt to equity Change
Jun 2026 1.5× (7.06%)
Mar 2026 1.6× (8.37%)
Dec 2025 1.7× (6.28%)
Sep 2025 1.8× (8.93%)
42 more quarters

Against its own ten years

Low 0.7× High 2.7×
Ten-year median 1.6×
Current reading's percentile 64

Debt to equity against peers

Company Debt to equity
GBX Greenbrier Companies, Inc. (The) compare 0.0×
FSTR L.B. Foster Company compare 0.3×
CP Canadian Pacific Kansas City Limited compare 0.5×
WAB Wabtec compare 0.6×
NSC Norfolk Southern Corporation compare 1.0×
CSX CSX Corporation compare 1.3×
UNP Union Pacific Corporation 1.5×
RAIL Freightcar America, Inc. compare 2.8×
TRN Trinity Industries, Inc. compare 4.6×
Railroads industry median 0.6×
Industrials sector median 0.3×
Market median 0.2×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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