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.
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Union Pacific Corporation (UNP) Operating margin
Union Pacific Corporation's operating margin over the twelve months to 30 June 2026 was 40.0%, down 0.1 percentage points from fiscal 2025 (40.2%). Over the past ten years it has ranged from 36.3% (fiscal 2016) to 42.8% (fiscal 2021); the current reading is higher than 91% of that period. That is above the Railroads industry median of 24.3% and above the Industrials sector median of 5.13%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 40.2% | 0.12 |
| FY2024 | 40.1% | 2.40 |
| FY2023 | 37.7% | (2.22) |
| FY2022 | 39.9% | (2.96) |
| FY2021 | 42.8% | 2.72 |
| FY2020 | 40.1% | 0.71 |
| FY2019 | 39.4% | 2.10 |
| FY2018 | 37.3% | (0.86) |
| FY2017 | 38.2% | 1.84 |
| FY2016 | 36.3% | (0.59) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 40.3% | 0.71 |
| Mar 2026 | 39.5% | 0.08 |
| Dec 2025 | 39.5% | (1.36) |
| Sep 2025 | 40.8% | (0.21) |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| UNP Union Pacific Corporation | 40.0% |
| TRN Trinity Industries, Inc. compare | 37.0% |
| CP Canadian Pacific Kansas City Limited compare | 36.7% |
| CSX CSX Corporation compare | 34.2% |
| NSC Norfolk Southern Corporation compare | 32.2% |
| WAB Wabtec compare | 16.4% |
| GBX Greenbrier Companies, Inc. (The) compare | 7.23% |
| FSTR L.B. Foster Company compare | 4.36% |
| RAIL Freightcar America, Inc. compare | 3.77% |
| Railroads industry median | 24.3% |
| Industrials sector median | 5.13% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on UNP
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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