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

297.49 11.04 −3.58%
Market cap
$177.1B
P/E
23.2×
Fwd P/E
23.3×
Dividend yield
1.87%
F-score
8/9
Altman Z
3.82
Beneish M
−2.64
Dividend safety
73/100

Union Pacific Corporation (UNP) Gross margin

Alert me on 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

Embed this chart

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

Against its own ten years

Low 56.0% High 62.8%
Ten-year median 57.7%
Current reading's percentile 53

Gross margin against peers

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

The full definition of Gross margin →

More on UNP