Stocktoria

UNION PACIFIC CORP UNP

NYSE · stock · Railroads, Line-Haul Operating · website · IPO 1969-06-20 · LEI

UNION PACIFIC CORP statistics & valuation

Market cap$158.8B
P / E22.2×
P / S6.5×
P / B8.6×
P / FCF28.9×
Dividend yield2.04%
Net margin29.1%
Return on equity38.7%
FCF margin22.4%
Net debt$30.5B
Net debt / EBITDA2.5×
Enterprise value USD$189.3B
EV / EBITDA15.4×
Earnings yield EBIT/EV5.2%
Return on capital15.2%
Graham number -68.9%$91.40

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($91.40); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
21.20% 50.40% 26.10% 27.30% 27.40% 29.90% 28.10% 26.40% 27.80% 29.10% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
36.30% 38.20% 37.30% 39.40% 40.10% 42.80% 39.90% 37.70% 40.10% 40.20% 2016201720182019202020212022202320242025
Return on equity (%)
21.20% 43.10% 29.20% 32.70% 31.50% 46.10% 57.50% 43.10% 39.90% 38.70% 2016201720182019202020212022202320242025
Shares outstanding
835.4M 801.7M 754.3M 706.1M 679.1M 655.4M 624.0M 610.2M 608.6M 595.9M 2016201720182019202020212022202320242025
Net debt ($)
$13.73B $15.67B $21.12B $24.37B $24.93B $28.77B $32.35B $31.52B $30.18B $30.55B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
7.60% 18.50% 10.10% 9.60% 8.60% 10.30% 10.70% 9.50% 10.00% 10.20% 2016201720182019202020212022202320242025
Free cash flow margin (%)
20.20% 18.80% 23.00% 23.80% 28.70% 28.00% 23.10% 19.80% 24.30% 22.40% 2016201720182019202020212022202320242025
Debt / equity (×)
0.75× 0.68× 1.10× 1.39× 1.58× 2.10× 2.74× 2.20× 1.85× 1.72× 2016201720182019202020212022202320242025
EPS ($)
$5.07 $13.36 $7.91 $8.38 $7.88 $9.95 $11.21 $10.45 $11.09 $11.98 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

UNION PACIFIC CORP trades at about 24.5× earnings — above its 10-year norm (10-year range 10×–25.1×, median 21.4×).

10× 25.1×

Shaded band = 10-year range (10×–25.1×); dot = today's 24.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin40.2%40.1%37.7%39.9%42.8%40.1%39.4%37.3%38.2%36.3%
Net margin29.1%27.8%26.4%28.1%29.9%27.4%27.3%26.1%50.4%21.2%
FCF margin22.4%24.3%19.8%23.1%28.0%28.7%23.8%23.0%18.8%20.2%
Return on assets10.2%10.0%9.5%10.7%10.3%8.6%9.6%10.1%18.5%7.6%
Return on equity38.7%39.9%43.1%57.5%46.1%31.5%32.7%29.2%43.1%21.2%
Debt / equity1.72×1.85×2.20×2.74×2.10×1.58×1.39×1.10×0.68×0.75×
Current ratio0.910.770.810.720.621.010.790.901.020.99

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.