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
- +15.3%
- EPS
- +15.9%
- Free cash flow
- +12.1%
- Total debt
- −4.66%
Quarter to September 2026, against a year earlier
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Union Pacific Corporation (UNP) Gross margin
Union Pacific Corporation's gross margin over the twelve months to 30 September 2026 was 58.4%, down 1.2 percentage points from fiscal 2025 (59.6%). Over the past ten years it has ranged from 56.0% (fiscal 2015) to 62.8% (fiscal 2020); the current reading is higher than 82% of that period. That is above the Railroads industry median of 30.1% and above the Industrials sector median of 30.6%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 59.6% | 0.36 |
| FY2024 | 59.2% | 2.01 |
| FY2023 | 57.2% | (0.49) |
| FY2022 | 57.7% | (4.61) |
| FY2021 | 62.3% | (0.50) |
| FY2020 | 62.8% | 3.76 |
| FY2019 | 59.0% | 2.96 |
| FY2018 | 56.1% | (0.65) |
| FY2017 | 56.7% | (0.52) |
| FY2016 | 57.2% | 1.23 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 57.6% | (0.32) |
| Jun 2026 | 57.9% | (1.16) |
| Mar 2026 | 59.1% | (0.03) |
| Dec 2025 | 59.1% | (0.62) |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| CSX CSX Corporation compare | 69.6% |
| CP Canadian Pacific Kansas City Limited compare | 69.0% |
| NSC Norfolk Southern Corporation compare | 67.6% |
| UNP Union Pacific Corporation | 58.4% |
| WAB Wabtec compare | 35.6% |
| TRN Trinity Industries, Inc. compare | 24.6% |
| FSTR L.B. Foster Company compare | 20.9% |
| GBX Greenbrier Companies, Inc. (The) compare | 13.6% |
| RAIL Freightcar America, Inc. compare | 12.5% |
| Railroads industry median | 30.1% |
| Industrials sector median | 30.6% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on UNP
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement