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Friday 6 November 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
+15.3%
EPS
+15.9%
Free cash flow
+12.1%
Total debt
−4.66%

Quarter to September 2026, against a year earlier

290.69 7.26 −2.44%
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
Overview Business Profile Earnings & Analysis
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Union Pacific Corporation (UNP) Operating margin

Alert me on Operating margin

Union Pacific Corporation's operating margin over the twelve months to 30 September 2026 was 40.1%, 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 24.4% and above the Industrials sector median of 5.21%.

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)
Sep 2026 40.9% 0.64
Jun 2026 40.3% 0.71
Mar 2026 39.5% 0.08
Dec 2025 39.5% (1.36)
43 more quarters

Against its own ten years

Low 36.3% High 42.8%
Ten-year median 39.4%
Current reading's percentile 67

Operating margin against peers

Company Operating margin
UNP Union Pacific Corporation 40.1%
CP Canadian Pacific Kansas City Limited compare 36.4%
CSX CSX Corporation compare 36.4%
TRN Trinity Industries, Inc. compare 34.5%
NSC Norfolk Southern Corporation compare 31.5%
WAB Wabtec compare 17.2%
GBX Greenbrier Companies, Inc. (The) compare 5.83%
FSTR L.B. Foster Company compare 4.44%
RAIL Freightcar America, Inc. compare 3.77%
Railroads industry median 24.4%
Industrials sector median 5.21%
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

The full definition of Operating margin →

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