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) Price to free cash flow

Alert me on Price to free cash flow

As of 16 October 2026, Union Pacific Corporation (UNP) trades at a price to free cash flow of 26.4×. Over the past ten years it has ranged from 15.3× (March 2020) to 35.0× (February 2015); the current reading is higher than 78% of that period. That is in line with the Railroads industry median of 27.3× and above the Industrials sector median of 20.1×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 25.0× 6.47%
FY2024 23.5× (24.34%)
FY2023 31.1× 38.02%
FY2022 22.5× (16.69%)
FY2021 27.0× 10.40%
FY2020 24.5× 0.65%
FY2019 24.3× 24.45%
FY2018 19.5× (25.02%)
FY2017 26.1× 26.70%
FY2016 20.6× (10.58%)

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 24.8× (1.72%)
Mar 2026 25.2× 0.88%
Dec 2025 25.0× 7.48%
Sep 2025 23.3× 6.66%
42 more quarters

Against its own ten years

Low 15.3× High 35.0×
Ten-year median 23.9×
Current reading's percentile 78

Price to free cash flow against peers

Company Price to free cash flow
TRN Trinity Industries, Inc. compare n/m
FSTR L.B. Foster Company compare 7.6×
RAIL Freightcar America, Inc. compare 10.6×
GBX Greenbrier Companies, Inc. (The) compare 20.3×
UNP Union Pacific Corporation 26.4×
WAB Wabtec compare 28.2×
CSX CSX Corporation compare 30.5×
NSC Norfolk Southern Corporation compare 38.5×
CP Canadian Pacific Kansas City Limited compare 43.9×
Railroads industry median 27.3×
Industrials sector median 20.1×
Market median 14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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