Executive summary
Annual revenue of USD 24.510 billion and net income of USD 7.138 billion for the period ended 2025-12-31. This is a structured data brief from filed financial statements, not an independently audited investment opinion.
Business and industry context
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.
Financial evidence
The selected fiscal period runs from 2025-01-01 to 2025-12-31. Revenue was USD 24.510 billion; operating income was USD 9.846 billion; diluted EPS was USD 11.98 per share. Prior-period revenue was USD 24.250 billion. The reported revenue change was 1.07%. Comparisons are not adjusted for acquisitions, disposals, foreign exchange or fiscal-week differences.
Profitability and cash generation
Net margin, calculated as net income divided by revenue, was 29.12%. Operating cash flow was USD 9.290 billion; capital expenditure was USD 3.791 billion. Free cash flow (operating cash flow less purchases of property, plant and equipment) was USD 5.499 billion. Missing standard tags are not interpreted as zero. These measures may not be directly comparable between business models.
Balance-sheet context
Total assets were USD 69.698 billion, total liabilities USD 51.231 billion and reported shareholder equity USD 18.467 billion at the period end. Total liabilities include operating obligations and are not a measure of interest-bearing debt.
Valuation context
This release does not include a synchronized market-price dataset. Consequently, price-based multiples are not quoted. P/E requires a dated share price and a clearly identified EPS basis; P/S and P/B require consistently dated capitalization and accounting denominators. A multiple alone does not establish fair value.
Risks and uncertainties
Order cancellations, supply constraints, execution risk, labor costs and capital-cycle sensitivity. Standardized XBRL can omit custom-tag disclosures. Annual data cannot establish the direction of the latest quarter.
What to monitor
Backlog conversion, utilization, deliveries, working capital and service revenue. Read subsequent quarterly filings, footnotes and accounting-policy changes before interpreting these historical observations.
Methodology note
Source snapshots were collected on September 18, 2026. Values preserve reported currency and periods. This brief was compiled on September 26, 2026; the publication date is not a new source retrieval date.
Sources & dates
- SEC annual filing · 2025-12-31 ↗Source date 2026-02-06
- SEC annual filing · 2024-12-31 ↗Source date 2026-02-06
- SEC annual filing · 2023-12-31 ↗Source date 2026-02-06
- SEC annual filing · 2022-12-31 ↗Source date 2025-02-07
- SEC issuer record ↗Source date 2026-09-18