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. In the quarter to June 2026, revenue grew 11.5%, EPS grew 6.33%, free cash flow grew 57.7% and total debt fell 7.58%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.

289.04 0.33 +0.11%
Market cap
$171.5B
P/E
23.4×
Fwd P/E
21.9×
Dividend yield
1.92%
F-score
8/9
Altman Z
3.82
Beneish M
−2.64
Dividend safety
73/100

Union Pacific Corporation (UNP) EV/EBITDA

Alert me on EV/EBITDA

As of 16 October 2026, Union Pacific Corporation (UNP) trades at a EV/EBITDA of 15.7×. Over the past ten years it has ranged from 7.2× (January 2016) to 18.2× (March 2022); the current reading is higher than 85% of that period. That is above the Railroads industry median of 13.4× and above the Industrials sector median of 12.6×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 13.6× (2.08%)
FY2024 13.9× (11.68%)
FY2023 15.8× 18.74%
FY2022 13.3× (20.71%)
FY2021 16.8× 1.43%
FY2020 16.5× 17.42%
FY2019 14.1× 20.64%
FY2018 11.7× (3.97%)
FY2017 12.1× 13.82%
FY2016 10.7× 33.29%

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 14.9× 7.03%
Mar 2026 14.0× 2.39%
Dec 2025 13.6× (0.96%)
Sep 2025 13.8× 0.31%
42 more quarters

Against its own ten years

Low 7.2× High 18.2×
Ten-year median 13.4×
Current reading's percentile 85

EV/EBITDA against peers

Company EV/EBITDA
TRN Trinity Industries, Inc. compare 6.7×
GBX Greenbrier Companies, Inc. (The) compare 8.3×
RAIL Freightcar America, Inc. compare 9.3×
FSTR L.B. Foster Company compare 11.1×
UNP Union Pacific Corporation 15.7×
CSX CSX Corporation compare 15.9×
NSC Norfolk Southern Corporation compare 16.3×
CP Canadian Pacific Kansas City Limited compare 17.1×
WAB Wabtec compare 22.0×
Railroads industry median 13.4×
Industrials sector median 12.6×
Market median 11.0×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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