UNP: the annual earnings and cash-flow comparison
A two-period review of UNP revenue, profitability and cash conversion; reported revenue growth was 1.07%.
Data through 2025-12-31
UNP / Industrials
Railroads, Line-Haul Operating
UNION PACIFIC CORP is an SEC-reporting issuer listed on NYSE under UNP. Its SEC industry description is Railroads, Line-Haul Operating. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications.
Equipment manufacturers, transport operators and industrial service providers face differing order and asset cycles.
Segment-level revenue is not included in this standardized dataset. Consult the business and segment notes in the linked annual filing for the issuer’s actual reporting segments.
Annual reporting currency: USD. Financial amounts are in millions, except per-share figures and ratios.
| Metric | 2025-12-31 | 2024-12-31 | Source filed |
|---|---|---|---|
| Revenue | USD 24,510m | USD 24,250m | 2026-02-06 |
| Operating income | USD 9,846m | USD 9,713m | 2026-02-06 |
| Net income | USD 7,138m | USD 6,747m | 2026-02-06 |
| Diluted EPS | USD 11.98 | USD 11.09 | 2026-02-06 |
| Operating cash flow | USD 9,290m | USD 9,346m | 2026-02-06 |
| Capital expenditure | USD 3,791m | USD 3,452m | 2026-02-06 |
| Free cash flow | USD 5,499m | USD 5,894m | 2026-02-06 |
| Gross margin | Not available | Not available | 2026-02-06 |
| Operating margin | 40.17% | 40.05% | 2026-02-06 |
FCF = operating cash flow − purchases of property, plant and equipment. Missing tags remain unavailable. Standardized cash-flow comparisons are particularly limited for financial businesses.
{
"revenue": {
"start": "2025-01-01",
"end": "2025-12-31",
"val": 24510000000,
"accn": "0000100885-26-000037",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2026-02-06",
"frame": "CY2025",
"tag": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax",
"unit": "USD"
},
"netIncome": {
"start": "2025-01-01",
"end": "2025-12-31",
"val": 7138000000,
"accn": "0000100885-26-000037",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2026-02-06",
"frame": "CY2025",
"tag": "us-gaap:NetIncomeLoss",
"unit": "USD"
},
"operatingIncome": {
"start": "2025-01-01",
"end": "2025-12-31",
"val": 9846000000,
"accn": "0000100885-26-000037",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2026-02-06",
"frame": "CY2025",
"tag": "us-gaap:OperatingIncomeLoss",
"unit": "USD"
},
"eps": {
"start": "2025-01-01",
"end": "2025-12-31",
"val": 11.98,
"accn": "0000100885-26-000037",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2026-02-06",
"frame": "CY2025",
"tag": "us-gaap:EarningsPerShareDiluted",
"unit": "USD/shares"
},
"operatingCashFlow": {
"start": "2025-01-01",
"end": "2025-12-31",
"val": 9290000000,
"accn": "0000100885-26-000037",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2026-02-06",
"frame": "CY2025",
"tag": "us-gaap:NetCashProvidedByUsedInOperatingActivities",
"unit": "USD"
},
"capex": {
"start": "2025-01-01",
"end": "2025-12-31",
"val": 3791000000,
"accn": "0000100885-26-000037",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2026-02-06",
"frame": "CY2025",
"tag": "us-gaap:PaymentsToAcquirePropertyPlantAndEquipment",
"unit": "USD"
},
"totalAssets": {
"end": "2025-12-31",
"val": 69698000000,
"accn": "0000100885-26-000037",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2026-02-06",
"tag": "us-gaap:Assets",
"unit": "USD"
},
"totalLiabilities": {
"end": "2025-12-31",
"val": 51231000000,
"accn": "0000100885-26-000037",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2026-02-06",
"tag": "us-gaap:Liabilities",
"unit": "USD"
},
"shareholdersEquity": {
"end": "2025-12-31",
"val": 18467000000,
"accn": "0000100885-26-000037",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2026-02-06",
"tag": "us-gaap:StockholdersEquity",
"unit": "USD"
},
"currentAssets": {
"end": "2025-12-31",
"val": 4555000000,
"accn": "0000100885-26-000037",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2026-02-06",
"tag": "us-gaap:AssetsCurrent",
"unit": "USD"
},
"currentLiabilities": {
"end": "2025-12-31",
"val": 5014000000,
"accn": "0000100885-26-000037",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2026-02-06",
"tag": "us-gaap:LiabilitiesCurrent",
"unit": "USD"
}
}Reported fiscal periods, not a live price chart.
Interactive chart loads in the browser. The full annual values are available below.
| Period end | Revenue | Net income | EPS |
|---|---|---|---|
| 2025-12-31 | USD 24,510m | USD 7,138m | USD 11.98 |
| 2024-12-31 | USD 24,250m | USD 6,747m | USD 11.09 |
| 2023-12-31 | USD 24,119m | USD 6,379m | USD 10.45 |
| 2022-12-31 | USD 24,875m | USD 6,998m | USD 11.21 |
This release does not quote price-based multiples because it does not include synchronized market prices. A financial denominator must be paired with a clearly dated market value.
| Measure | Interpretation |
|---|---|
| P/E | Price divided by EPS; identify annual, trailing or forward basis. |
| P/S & P/B | Market capitalization divided by sales or book equity. |
| EV / EBITDA | Enterprise value and EBITDA need consistent definitions. |
| FCF yield | Free cash flow divided by dated market capitalization. |
A sector median is descriptive, not a fair-value estimate. Explore sector context ↗
Annual-disclosure reading guide for UNP: Backlog conversion, utilization, deliveries, working capital and service revenue. Filing metadata only; this note is not a substantive review of the full document.
Read SEC original ↗A two-period review of UNP revenue, profitability and cash conversion; reported revenue growth was 1.07%.
Annual revenue of USD 24.510 billion and net income of USD 7.138 billion for the period ended 2025-12-31.
Order cancellations, supply constraints, execution risk, labor costs and capital-cycle sensitivity.
Backlog conversion, utilization, deliveries, working capital and service revenue.