Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. It offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, and ethanol and renewable biofuel producers; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers. The company was founded in 1862 and is headquartered in Omaha, Nebraska.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $24.5B | $12.9B | $7.1B | $5.5B | 38.7% | 1.1% | 5.8% |
| 2024 | $24.3B | $12.5B | $6.7B | $5.9B | 39.9% | 0.5% | 5.8% |
| 2023 | $24.1B | $11.9B | $6.4B | $4.8B | 43.1% | -3.0% | -8.8% |
| 2022 | $24.9B | $12.6B | $7.0B | $5.7B | 57.5% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 24,875 | 24,119 | 24,250 | 24,510 |
| Cost Of Revenue | - | 13,670 | 13,590 | 13,211 | 13,290 |
| Gross Profit | - | 11,205 | 10,529 | 11,039 | 11,220 |
| Operating Expense | - | 1,288 | 1,447 | 1,326 | 1,374 |
| Operating Income | - | 9,917 | 9,082 | 9,713 | 9,846 |
| EBITDA | - | 12,589 | 11,891 | 12,461 | 12,940 |
| EBIT | - | 10,343 | 9,573 | 10,063 | 10,475 |
| Pretax Income | - | 9,072 | 8,233 | 8,794 | 9,166 |
| Tax Provision | - | 2,074 | 1,854 | 2,047 | 2,028 |
| Net Income | - | 6,998 | 6,379 | 6,747 | 7,138 |
| Net Income Common Stockholders | - | 6,998 | 6,379 | 6,747 | 7,138 |
| Total Expenses | - | 14,958 | 15,037 | 14,537 | 14,664 |
| Interest Expense | - | 1,271 | 1,340 | 1,269 | 1,309 |
| Interest Income | - | 23 | 52 | 76 | 56 |
| Normalized EBITDA | - | 12,589 | 11,891 | 12,461 | 12,940 |
| Normalized Income | - | 6,998 | 6,379 | 6,747 | 7,138 |
| Market Cap | 159,531 | 159,531 | 159,531 | 159,531 | 159,531 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Union Pacific Corporationthis co. | UNP | $159.8B | 22.35β discount | 8.64 | 38.7% | 14.77 |
| The Boeing Company | BA | $208.6B | 81.98 | 33.63 | 41.0% | 30.81 |
| Eaton Corporation plc | ETN | $165.3B | 40.24 | 8.47 | 21.0% | 28.22 |
| Deere & Company | DE | $152.5B | 30.23 | 5.86 | 19.4% | 17.84 |
| Parker-Hannifin Corporation | PH | $125.0B |
| - |
| - |
| - |
| - |
| - |
| - |
| 34.83 |
| 8.99 |
| 25.8% |
| 24.31 |
| Vertiv Holdings Co | VRT | $123.5B | 93.22 | 31.52 | 33.8% | 58.85 |
| Lockheed Martin Corporation | LMT | $119.4B | 23.60 | 17.61 | 74.6% | 15.58 |
| Trane Technologies plc | TT | $107.8B | 36.85 | 12.54 | 34.0% | 25.79 |
| Howmet Aerospace Inc. | HWM | $98.0B | 64.46 | 18.16 | 28.2% | 43.83 |
| Peer Median | - | 38.55 | 15.08 | 31.0% | 27.00 | |