UNP logo Union Pacific Corporation +
Ticker
UNP
CSX
Headquarter
Omaha ,NE
US
Jacksonville ,FL
US
CEO
Vincenzo James Vena
Stephen F. Angel
Industry
Railroads
Railroads
Stock Price
Stock Price
Market Cap
Market Cap
$149.84 B
$75.62 B
Employees
Years
  • 2024
  • 2025
  • 2026
  • 2023
  • 2024
  • 2025
Employees
  • 32.97 K
  • 32.44 K
  • 29.29 K
  • 22.50 K
  • 23.00 K
  • 23.50 K
Y/Y
0.62%
1.62%
9.72%
7.66%
2.22%
2.17%

Income Statement

Revenue
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Revenue
  • $24.12 B
  • $24.25 B
  • $24.51 B
  • $14.66 B
  • $14.54 B
  • $14.09 B
Y/Y
3.04%
0.54%
1.07%
1.32%
0.8%
3.08%
Revenue by Products / Services
Years
  • 2024
  • 2024
Revenue by Geography
Years
  • 2023
Research and Development
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Research and Development
  • -
  • -
  • -
  • -
  • -
  • -
Y/Y
0%
0%
0%
0%
0%
0%
Operating Income
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Operating Income
  • $9.08 B
  • $9.71 B
  • $9.84 B
  • $5.47 B
  • $5.37 B
  • $4.52 B
Y/Y
8.42%
6.95%
1.3%
5.5%
1.85%
15.75%
Tax Rate (%)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Tax Rate (%)
  • 22.52%
  • 23.28%
  • 22.13%
  • 24.04%
  • 23.82%
  • 23.35%
Y/Y
1.5%
3.37%
4.95%
4.3%
0.92%
1.98%
Net Income
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Net Income
  • $6.38 B
  • $6.75 B
  • $7.14 B
  • $3.67 B
  • $3.47 B
  • $2.89 B
Y/Y
8.85%
5.77%
5.8%
11.95%
5.4%
16.74%
Revenue Per Employee
Years
  • 2024
  • 2025
  • 2026
  • 2023
  • 2024
  • 2025
Revenue Per Employee
  • $735.45 K
  • $755.57 K
  • -
  • $651.42 K
  • $632.17 K
  • $599.66 K
Y/Y
1.17%
2.74%
100%
8.34%
2.95%
5.14%
Net Income Per Employee
Years
  • 2024
  • 2025
  • 2026
  • 2023
  • 2024
  • 2025
Net Income Per Employee
  • $204.62 K
  • $220.04 K
  • -
  • $163.02 K
  • $150.87 K
  • $122.94 K
Y/Y
6.43%
7.54%
100%
18.21%
7.45%
18.51%

Assets & Liabilities | Cash Flow

Total Assets
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Total Assets
  • $67.13 B
  • $67.72 B
  • $69.70 B
  • $42.21 B
  • $42.76 B
  • $43.68 B
Y/Y
2.57%
0.87%
2.93%
0.72%
1.31%
2.15%
Total Liabilities
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Total Liabilities
  • $52.34 B
  • $50.83 B
  • $51.23 B
  • $30.23 B
  • $30.26 B
  • $30.52 B
Y/Y
1.77%
2.9%
0.8%
3.21%
0.1%
0.88%
Capital Expenditures (Capex)
Years
  • 2022
  • 2023
  • 2024
  • 2023
  • 2024
  • 2025
Capital Expenditures (Capex)
  • -$3.62 B
  • -$3.61 B
  • -$3.45 B
  • -$2.28 B
  • -$2.53 B
  • -
Y/Y
23.3%
0.39%
4.27%
6.94%
10.87%
100%

Profitability

Operating Income Margin (%)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Operating Income Margin (%)
  • 37.65%
  • 40.05%
  • 40.14%
  • 37.30%
  • 36.91%
  • 32.08%
Y/Y
5.55%
6.37%
0.22%
4.23%
1.06%
13.07%
Net Income Margin (%)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Net Income Margin (%)
  • 26.45%
  • 27.82%
  • 29.12%
  • 25.03%
  • 23.87%
  • 20.50%
Y/Y
5.99%
5.2%
4.67%
10.78%
4.64%
14.1%
EBITDA
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
EBITDA
  • $11.93 B
  • $12.50 B
  • $12.95 B
  • $7.27 B
  • $7.07 B
  • $5.87 B
Y/Y
5.6%
4.78%
3.59%
4.99%
2.76%
17.06%
Free Cash Flow (FCF)
Years
  • 2022
  • 2023
  • 2024
  • 2023
  • 2024
  • 2025
Free Cash Flow (FCF)
  • $5.74 B
  • $4.77 B
  • $5.89 B
  • $3.27 B
  • $2.72 B
  • $4.61 B
Y/Y
5.81%
16.88%
23.49%
6.25%
16.83%
69.72%

Ratios

Return on Equity (ROE)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Return on Equity (ROE)
  • 43.14%
  • 39.95%
  • 38.65%
  • 30.62%
  • 27.76%
  • 21.95%
Y/Y
25.03%
7.39%
3.24%
7.21%
9.35%
20.91%
Return on Assets (ROA)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Return on Assets (ROA)
  • 9.50%
  • 9.96%
  • 10.24%
  • 8.69%
  • 8.11%
  • 6.61%
Y/Y
11.13%
4.86%
2.79%
12.58%
6.62%
18.49%
Debt to Equity
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Debt to Equity
  • 231.13%
  • 192.20%
  • 172.27%
  • 158.80%
  • 151.89%
  • 143.41%
Y/Y
19.58%
16.84%
10.37%
8.16%
4.35%
5.58%

Valuation

Enterprise Value
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Enterprise value
  • $182.76 B
  • $170.00 B
  • $167.61 B
  • $87.29 B
  • $80.53 B
  • $85.07 B
Y/Y
12.17%
6.98%
1.41%
5.48%
7.74%
5.63%
Enterprise value to Revenue
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Enterprise value to Revenue
  • 7.58
  • 7.01
  • 6.84
  • 5.96
  • 5.54
  • 6.04
Y/Y
15.69%
7.48%
2.46%
6.89%
7%
8.99%
Enterprise value to EBITDA
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Enterprise value to EBITDA
  • 15.32
  • 13.60
  • 13.29
  • 12.00
  • 11.39
  • 14.50
Y/Y
18.83%
11.22%
2.33%
11.02%
5.12%
27.37%