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Union Pacific Corp. (UNP)

Union Pacific hauls freight by rail across the western two-thirds of the country. Union Pacific Railroad Company, the principal operating company, is a Class I railroad operating in the U.S. with 32,889 route miles connecting 23 states, running from the Pacific and Gulf Coast ports to Midwest and Eastern gateways, connecting to Canada's rail systems and serving all six major Mexico gateways. The parent was incorporated in Utah in 1969 and its offices are at 1400 Douglas Street, Omaha, Nebraska. The railroad and its subsidiaries and rail affiliates are treated as one reportable segment because the network is integrated, though the traffic is analysed in three commodity groups. Freight brought in $23.2 billion in 2025.

Union Pacific Corp.

Union Pacific hauls freight by rail across the western two-thirds of the country. Union Pacific Railroad Company, the principal operating company, is a Class I railroad operating in the U.S. with 32,889 route miles connecting 23 states, running from the Pacific and Gulf Coast ports to Midwest and Eastern gateways, connecting to Canada's rail systems and serving all six major Mexico gateways. The parent was incorporated in Utah in 1969 and its offices are at 1400 Douglas Street, Omaha, Nebraska. The railroad and its subsidiaries and rail affiliates are treated as one reportable segment because the network is integrated, though the traffic is analysed in three commodity groups. Freight brought in $23.2 billion in 2025.

Bulk

Grain and grain products, fertiliser, food and refrigerated goods, and coal and renewables, together 33 percent of freight sales in 2025. The network reaches most major grain markets, connecting Midwest and Western producing areas to export terminals in the Pacific Northwest and Gulf Coast and to Mexico, and serves domestic grain processors, animal feeders and ethanol and renewable biofuel producers. Fertiliser moves from the Gulf Coast, Midwest, Western states and Canada by interline access. Coal goes to independent and regulated power companies and industrial plants, with reach extending to Eastern utilities, Mexico and other international destinations through interchange gateways and ports; the largest part of it originates in the Powder River Basin of Wyoming.

Industrial

Thirty-seven percent of freight sales in 2025: construction products, chemicals, plastics, forest products, specialised products such as waste, salt and roofing, metals and ores, petroleum, liquid petroleum gases, soda ash and sand. Steel, aggregates, cement and wood products move on the back of commercial, residential and government building. Lumber comes mainly from the Pacific Northwest or Western Canada for new homes and remodelling, and paper mostly supports packaging. Oil and gas drilling pulls raw steel, finished pipe, stone and drilling fluids. Petroleum and liquid petroleum gas traffic turns on refinery utilisation, regional crude price differences, pipeline capacity and asphalt for road programmes. Soda ash originates in south-western Wyoming and California for chemical and glass makers in North America and abroad.

Premium

Thirty percent of freight sales in 2025: finished vehicles, automotive parts and merchandise in intermodal containers. International intermodal is import and export traffic in 20 and 40-foot containers, mostly through West Coast ports and on to inland terminals. Domestic intermodal is container and trailer traffic picked up and delivered within North America for intermodal marketing companies and truckload carriers. The company is the largest automotive carrier west of the Mississippi River, operating or accessing more than 40 vehicle distribution centres, reaching six vehicle assembly plants and connecting to West Coast ports, all six major Mexico gateways and the Port of Houston. Automotive parts move in boxcars and intermodal containers to Mexico, the U.S. and Canada.

The pending Norfolk Southern acquisition

The company announced a pending acquisition of Norfolk Southern under a merger agreement dated 28 July 2025, and paused its share repurchase programme.

Seasons, safety and technology

Some commodities have peak seasons, whether from growing and harvest cycles or from demand, and intermodal traffic generally peaks in the third quarter to stock shelves for the fourth. How sharp the peaks are varies with the economy and currencies, consumer demand, the strength of harvests, agricultural prices and supply chain disruption. The company measures itself on a personal injury rate per 200,000 employee-hours and a derailment incident rate per million train miles, both reported to the Federal Railroad Administration above a damage threshold of $12,400 for 2025; the 2025 injury rate of 0.68 was 24 percent better than 2024 and the derailment rate of 1.75 was 19 percent better. Over 7,000 wayside detectors watch freight cars and locomotives in real time and generate 72 million data points a day, the Physics Train Builder system assesses train and route characteristics for its Operating Practices Command Center, and an autonomous geometry car fleet inspects 500,000 miles of track a year.

People

An average of 29,287 people were employed during 2025. Thirteen major rail unions represent approximately 83 percent of the workforce, and under the Railway Labor Act of 1926 collective bargaining agreements are open to modification every five years, with existing agreements staying in force until new ones are ratified or the Act's procedures are exhausted. Local negotiations covering 2025 to 2029 began on 1 January 2025 and most are concluded, with two still running at one subsidiary.

From Union Pacific's annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in Union Pacific became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 22 October 2026
Revenue
$7.2 billion
+15.3% on the year · +4.9% on the quarter
Q4 FY2024Q3 FY2026
Net income
$2.1 billion
+16.1% on the year · +4.2% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$3.49
+15.9% on the year · +3.9% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Last full yearFY2025ended 31 December 2025 · 10-K filed 6 February 2026
Revenue
$24.5 billion
+1.1% on the year
FY2018FY2025
Net income
$7.1 billion
+5.8% on the year
FY2018FY2025
Diluted EPS
$11.98
+8.0% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsUnion Pacific (UNP) reported revenue of $24.5 billion for fiscal 2025, the year ended 31 December 2025, up 1.1% on the year before. Net income was $7.1 billion and diluted earnings per share $11.98. Revenue was $24.2 billion in fiscal 2024, $24.1 billion in fiscal 2023, $24.9 billion in fiscal 2022 and $21.8 billion in fiscal 2021. Net income in the same years was $6.7 billion, $6.4 billion, $7.0 billion and $6.5 billion. Over the twelve months to 30 September 2026, Union Pacific reported revenue of $26.4 billion and net income of $7.6 billion. Revenue grew 4.6% a year, compounded, over the five years to fiscal 2025. Union Pacific declared $5.56 a share in dividends over the last four quarters and had 594 million shares outstanding at the latest filed count. At 30 September 2026 it carried $30.3 billion of debt and $2.2 billion of cash. At the close of 6 November 2026 the market cap of Union Pacific was $172.5 billion, 22.6 times its earnings over the last twelve months.

Ratios

From the filings

ROE34.6%
ROCE20.2%
Operating margin40.1%
Net margin28.9%
FCF margin25.4%
Interest cover8.3x
Debt to equity1.38x
Cash conversion1.38x
Share count, last 12 months0.2%
Sales CAGR, 3 years-0.5%
Profit CAGR, 3 years0.7%
EPS, TTM$12.83

At the close of 6 November 2026

Price$290.26
Market cap$172.5 billion
Stock P/E22.6x
Price to book7.8x
EV / EBITDAn/a
Dividend yield1.9%
Market cap / sales6.5x
52-week high$310.62
52-week low$217.99
Price, 1 year33.2%
Price CAGR, 3 years11.1%
Price CAGR, 5 years4.0%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Union Pacific Corp.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
UNPgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue5,7335,8606,2696,5666,1806,0565,9635,9416,1596,0316,0076,0916,1216,0276,1546,2446,0856,2176,8647,197
Operating income2,4402,3772,4952,6332,4122,2942,2042,1772,4072,3722,4002,4162,5252,3712,5252,5492,4012,4582,7632,943
Operating margin43%41%40%40%39%38%37%37%39%39%40%40%41%39%41%41%39%40%40%41%
Interest expense295307316315333336339334331324319314312322335327325320313312
Pre-tax income2,2282,1172,3422,4422,1712,1421,9581,9492,1842,1402,1842,1892,2812,1272,3132,3182,4082,2292,5552,726
Tax rate23%23%22%22%25%24%20%22%24%23%23%24%23%24%19%23%23%24%22%24%
Net income1,7111,6301,8351,8951,6381,6301,5691,5281,6521,6411,6731,6711,7621,6261,8761,7881,8481,7011,9932,076
Net margin30%28%29%29%27%27%26%26%27%27%28%27%29%27%30%29%30%27%29%29%
Diluted EPS$2.66$2.57$2.93$3.05$2.67$2.67$2.57$2.51$2.71$2.69$2.74$2.75$2.91$2.70$3.15$3.01$3.11$2.87$3.36$3.49
Operating cash flow2,5292,2361,9312,9032,2921,8402,0182,1262,3952,1221,9112,6512,6622,2102,3332,5222,2252,4403,0762,786
Capital expenditure9918487971,0459307728359751,0247979028319229069369509999378731,024
Free cash flow1,5381,3881,1341,8581,3621,0681,1831,1511,3711,3251,0091,8201,7401,3041,3971,5721,2261,5032,2031,762
Buybacks1,4452,7437302,0247855751300.00.00.01007316741,4201,2590.00.00.026.00.0
Dividends paid755743813806797795793792793795793815810804795819818821819844
Shares outstanding639m628m625m616m612m610m609m610m610m610m610m607m604m599m593m593m593m594m594m594m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2007 †FY2008 †FY2009 †FY2010FY2011FY2012FY2013FY2014 †FY2015FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue16,28317,97014,14316,96519,55720,92621,96323,98821,81319,94121,24022,83221,70819,53321,80424,87524,11924,25024,51026,363
Operating income3,3644,0753,3794,9815,7246,7457,4468,7538,0527,2438,1068,5178,5547,8349,3389,9179,0829,7139,84610,565
Operating margin20.7%22.7%23.9%29.4%29.3%32.2%33.9%36.5%36.9%36.3%38.2%37.3%39.4%40.1%42.8%39.9%37.7%40.1%40.2%40.1%
Interest expense4825116006025725355265616226987198701,0501,1411,1571,2711,3401,2691,3091,270
Pre-tax income2,9983,6562,9744,4335,2646,3187,0488,3437,6566,7667,6327,7417,7476,9808,4789,0728,2338,7949,1669,918
Income tax1,1501,3181,0841,6531,9722,3752,6603,1632,8842,533-3,0801,7751,8281,6311,9552,0741,8542,0472,0282,300
Effective tax rate38.4%36.1%36.4%37.3%37.5%37.6%37.7%37.9%37.7%37.4%-40.4%22.9%23.6%23.4%23.1%22.9%22.5%23.3%22.1%23.2%
Net income1,8482,3381,8902,7803,2923,9434,3885,1804,7724,23310,7125,9665,9195,3496,5236,9986,3796,7477,1387,618
Net margin11.3%13.0%13.4%16.4%16.8%18.8%20.0%21.6%21.9%21.2%50.4%26.1%27.3%27.4%29.9%28.1%26.4%27.8%29.1%28.9%
Diluted EPS$1.72$2.27$1.88$2.77$3.36$4.13$4.71$5.75$5.49$5.07$13.36$7.91$8.38$7.88$9.95$11.21$10.45$11.09$11.98$12.83
Filing8-K10-K8-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service FY2016 to FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Total freight revenues18,60119,83721,384n/an/an/a23,15922,57122,81123,22094.7%
Other revenues1,3401,4031,448n/an/an/a1,7161,5481,4391,2905.3%
Accessorial Revenuesn/an/an/a514473752n/an/an/an/an/a
Bulkn/an/an/a6,5295,9606,656n/an/an/an/an/a
Industrialn/an/an/a7,4726,6227,323n/an/an/an/an/a
Other Miscellaneous Product and Service Revenuesn/an/an/a716667n/an/an/an/an/a
Other Subsidiary Revenuesn/an/an/a880743741n/an/an/an/an/a
Premiumn/an/an/a6,2425,6696,265n/an/an/an/an/a
Total freight revenues FY2016 to FY2025Other revenues FY2016 to FY2025Industrial FY2019 to FY2021Bulk FY2019 to FY2021Premium FY2019 to FY2021Other Subsidiary Revenues FY2019 to FY2021Accessorial Revenues FY2019 to FY2021Other Miscellaneous Product and Service Revenues FY2019 to FY2021
21.2FY201721.7FY201921.8FY202124.1FY202324.5FY2025

$ billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow

FY2007 †FY2008 †FY2009 †FY2010FY2011FY2012FY2013FY2014 †FY2015FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow3,2484,0443,2044,1055,8736,1616,8237,3857,3447,5257,2308,6868,6098,5409,0329,3628,3799,3469,29010,527
Capital expenditure2,4672,7542,3542,4823,1763,7383,4964,3464,6503,5053,2383,4373,4532,9272,9363,6203,6063,4523,7913,833
Free cash flow7811,2908501,6232,6972,4233,3273,0392,6944,0203,9925,2495,1565,6136,0965,7424,7735,8945,4996,694
Free cash flow margin4.8%7.2%6.0%9.6%13.8%11.6%15.1%12.7%12.4%20.2%18.8%23.0%23.8%28.7%28.0%23.1%19.8%24.3%22.4%25.4%
Cash from investing-2,397-2,738-2,145-2,488-3,119-3,633n/an/an/an/a-3,086-3,411-3,435-2,676-2,709-3,471-3,667-3,325-3,762-4,427
Cash from financing-800-935-458-2,381-2,623-2,682n/an/an/an/a-4,146-5,222-5,646-4,902-7,158-5,887-4,625-6,067-5,276-4,712
Depreciation1,3031,3661,4271,4871,6171,7601,7771,9042,0122,0382,1052,1912,2162,2102,2082,2462,3182,3982,4652,538
Share-based compensationn/a65.058.074.082.093.098.011298.082.010396.093.073.088.099.0107118142130
Buybacksn/an/an/an/a1,4181,4742,2183,2253,4653,1054,0138,2255,8043,7057,2916,2827051,5052,67926.0
Dividends paid3644815446028371,1461,3331,6322,3441,8791,9822,2992,5982,6262,8003,1593,1733,2133,2363,302
Dividend per share$0.37$0.49$0.54$0.66$0.96$1.25$1.48$1.91$2.20$2.25$2.48$3.06$3.70$3.88$4.29$5.08$5.20$5.28$5.44n/a
Diluted shares, weighted1,074m1,030m1,012m1,006m980m953m932m901m869m835m802m754m706m679m655m624m610m609m596m594m
Shares outstanding at period endn/a1,006m1,010m983m960m939m912m883m849m816m781m725m692m671m639m612m610m604m593m594m
Filing8-K10-K8-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2007 †FY2008 †FY2009 †FY2010FY2011FY2012FY2013FY2014 †FY2015FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity15,45615,31516,80117,76318,57819,87721,22521,18920,70219,93224,85620,42318,12816,95814,16112,16314,78816,89018,46722,018
Debtn/a8,6079,8489,2428,9068,9979,57711,41314,20115,00716,94422,39125,20026,72929,72933,32632,57931,19231,81430,324
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/an/a1,4711,2831,4291,3001,245925738563
Finance lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/an/a491340n/an/a10972.066.0n/a
Other liabilitiesn/a15,58715,53516,08317,61218,27918,92919,77019,69720,77916,00616,33316,38317,08818,20618,66018,41118,63618,61319,704
Total liabilities and equityn/a39,50942,18443,08845,09647,15349,73152,37254,60055,71857,80659,14761,67362,39863,52565,44967,13267,71569,69872,609
Owned
Fixed assetsn/a35,48837,20238,25339,93441,99743,74946,27248,86650,38951,60552,67953,91654,16154,87156,03857,398n/an/an/a
Cash and equivalents8781,2491,8501,0861,2171,0631,4321,5861,3911,2771,2751,2738311,7999609731,0551,0161,2662,211
Receivablesn/a5946661,1841,4011,3311,4141,6111,3561,2581,4931,7551,5951,5051,7221,8912,0731,8941,8602,140
Other assetsn/a2,1782,4662,5652,5442,7623,1362,9032,9872,7943,4333,4405,3314,9335,9726,5476,60664,80566,57268,258
Total assetsn/a39,50942,18443,08845,09647,15349,73152,37254,60055,71857,80659,14761,67362,39863,52565,44967,13267,71569,69872,609
Filing8-K10-K8-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded1.2%4.6%-0.5%7.4%
Profit growth, compounded4.1%5.9%0.7%8.0%
Return on equity, average38.3%45.1%40.6%38.7%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Union Pacific's revenue in fiscal 2025?

Union Pacific (UNP) reported revenue of $24.5 billion for fiscal 2025, the year ended 31 December 2025, up 1.1% on the year before.

How much did Union Pacific earn in fiscal 2025?

Net income was $7.1 billion for fiscal 2025, and diluted earnings per share $11.98.

What is Union Pacific's P/E ratio?

At the close of 6 November 2026, Union Pacific traded at 22.6 times its earnings over the twelve months to 30 September 2026.

What is Union Pacific's market cap?

The market cap of Union Pacific was $172.5 billion at the close of 6 November 2026.

Does Union Pacific pay a dividend?

Yes. Union Pacific declared $5.56 a share in dividends over the four quarters to 30 September 2026.

Peers: Transportation

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Union Pacific Corp. UNP$172.5 billion22.6234.6%40.1%7.4%1.381.9%
Booking Holdings Inc. BKNG$119.5 billion17.37n/a32.8%8.0%n/a0.2%
Enbridge Inc. ENB$104.5 billion16.2810.0%12.2%40.0%1.568.0%
United Parcel Service Inc. UPS$92.3 billion20.8329.5%7.1%2.1%1.746.1%
CSX Corp. CSX$90.5 billion25.4424.9%36.4%5.8%1.311.1%
Royal Caribbean Cruises Ltd. RCL$87.5 billion19.3738.8%27.6%9.7%1.911.7%
Canadian Pacific Kansas City Ltd. CP$80.1 billion21.288.4%36.4%6.5%0.491.1%
FedEx Corp. FDX$72.2 billionn/an/an/an/a0.501.8%
Norfolk Southern Corp. NSC$71.9 billion26.8216.0%31.5%6.0%0.991.7%
Delta Air Lines, Inc. DAL$57.4 billion17.4014.6%7.4%14.1%0.620.8%
Mplx LP MPLX$56.6 billion13.06n/a42.0%3.1%n/an/a
Ftai Infrastructure Inc. FIP$410 millionn/an/a-2.9%67.7%n/a3.5%
All 68 in Transportation
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Union Pacific Corp. UNP$172.5 billion22.6234.6%40.1%7.4%1.381.9%
Booking Holdings Inc. BKNG$119.5 billion17.37n/a32.8%8.0%n/a0.2%
Enbridge Inc. ENB$104.5 billion16.2810.0%12.2%40.0%1.568.0%
United Parcel Service Inc. UPS$92.3 billion20.8329.5%7.1%2.1%1.746.1%
CSX Corp. CSX$90.5 billion25.4424.9%36.4%5.8%1.311.1%
Royal Caribbean Cruises Ltd. RCL$87.5 billion19.3738.8%27.6%9.7%1.911.7%
Canadian Pacific Kansas City Ltd. CP$80.1 billion21.288.4%36.4%6.5%0.491.1%
FedEx Corp. FDX$72.2 billionn/an/an/an/a0.501.8%
Norfolk Southern Corp. NSC$71.9 billion26.8216.0%31.5%6.0%0.991.7%
Delta Air Lines, Inc. DAL$57.4 billion17.4014.6%7.4%14.1%0.620.8%
Mplx LP MPLX$56.6 billion13.06n/a42.0%3.1%n/an/a
Carnival Corp. Ltd. CCL$39.8 billion12.9222.1%16.0%5.2%1.73n/a
United Airlines Holdings, Inc. UAL$36.6 billion10.3220.1%7.5%12.3%1.49n/a
Old Dominion Freight Line, Inc. ODFL$34.1 billion29.6724.9%26.6%3.8%0.000.7%
Expedia Group, Inc. EXPE$29.3 billion15.13127.5%17.2%12.9%3.310.7%
Expeditors International of Washington Inc. EXPD$23.9 billion23.4344.5%10.1%18.6%0.000.8%
Southwest Airlines Co. LUV$21.8 billion21.3714.4%4.4%14.5%0.801.6%
Xpo, Inc. XPO$20.7 billion41.7425.5%9.9%9.5%1.58n/a
J.B. Hunt Transport Services, Inc. JBHT$20.3 billion30.5618.6%7.2%10.6%0.310.8%
Plains ALL American Pipeline LP PAA$16.9 billionn/an/a3.1%12.2%n/an/a
HF Sinclair Corp. DINO$16.7 billion4.9330.1%13.5%29.5%0.242.1%
ZTO Express (Cayman) Inc. ZTO *$16.4 billion12.3713.7%21.3%10.9%n/a3.2%
C. H. Robinson Worldwide, Inc. CHRW$14.5 billion22.5042.3%4.9%10.4%1.182.0%
Knight-Swift Transportation Holdings Inc. KNX$9.5 billion62.832.2%4.2%7.0%0.261.3%
Saia Inc. SAIA$8.9 billion31.4710.0%10.7%9.3%0.04n/a
American Airlines Group Inc. AAL$8.7 billionn/an/a1.6%12.3%n/an/a
Norwegian Cruise Line Holdings Ltd. NCLH$8.2 billion9.8926.5%13.8%4.9%4.79n/a
Gatx Corp. GATX$6.4 billion16.9714.0%29.9%29.7%4.291.4%
Kirby Corp. KEX$6.3 billion17.4410.9%14.2%8.5%0.31n/a
Matson, Inc. MATX$6.3 billion11.9918.4%16.8%9.2%0.110.7%
GXO Logistics, Inc. GXO$6.2 billion46.804.5%2.2%7.1%0.94n/a
Plains GP Holdings LP PAGP$5.1 billionn/an/a3.1%12.2%n/an/a
Schneider National, Inc. SNDR$4.9 billion34.354.6%3.4%6.0%0.131.4%
International Seaways, Inc. INSW$4.9 billion4.6444.5%69.9%100.5%0.303.0%
Landstar System Inc. LSTR$4.8 billion30.3619.3%4.1%10.7%0.002.5%
Rxo, Inc. RXO$4.6 billionn/a-5.8%-0.8%10.1%0.33n/a
Brinks Co. BCO$4.5 billion28.9253.2%10.0%7.3%13.880.9%
Alaska Air Group, Inc. ALK$4.3 billionn/a-11.2%-1.9%8.2%1.74n/a
Tidewater Inc. TDW$3.5 billion14.1817.7%18.4%-1.0%0.47n/a
Skywest Inc. SKYW$3.0 billion7.6814.7%13.9%7.0%0.84n/a
Delek Logistics Partners, LP DKL$3.0 billion18.06n/a14.6%35.5%n/an/a
Arcbest Corp. ARCB$2.8 billion100.712.2%1.1%8.1%0.150.4%
Allegiant Travel Co. ALGT$2.5 billion28.203.1%5.5%27.8%1.660.0%
Lindblad Expeditions Holdings, Inc. LIND$2.2 billionn/an/a7.5%16.7%n/an/a
Dorian LPG Ltd. LPG$2.0 billion4.1434.0%72.3%87.1%0.347.2%
Frontier Group Holdings, Inc. ULCC$1.7 billionn/a-1,116.2%-9.5%24.0%13.14n/a
Werner Enterprises Inc. WERN$1.6 billionn/a-3.4%-0.9%9.6%0.582.1%
Genesis Energy LP GEL$1.6 billion67.63n/a18.3%-2.4%n/an/a
JetBlue Airways Corp. JBLU$1.4 billionn/a-74.8%-6.1%9.9%6.28n/a
Genco Shipping & Trading Ltd. GNK$1.1 billion14.618.9%19.2%54.7%0.416.9%
Bristow Group Inc. VTOL$1.1 billion13.957.3%9.5%10.1%0.68n/a
Marten Transport Ltd. MRTN$958 million65.171.7%1.9%-4.8%0.002.0%
Covenant Logistics Group, Inc. CVLG$802 million197.381.3%0.3%12.5%0.670.9%
Heartland Express Inc. HTLD$780 millionn/a-1.7%-1.0%-17.2%0.130.8%
Universal Logistics Holdings, Inc. ULH$715 millionn/an/an/an/a1.231.5%
GMR Solutions Inc. GMRS$671 millionn/an/an/an/a5.60n/a
Forward Air Corp. FWRD$562 millionn/an/a-6.7%-0.1%n/a0.0%
Strata Critical Medical, Inc. SRTA$496 millionn/a-9.0%-6.6%52.0%0.00n/a
Pangaea Logistics Solutions Ltd. PANL$496 million6.5815.3%12.2%27.8%0.480.7%
Radiant Logistics, Inc. RLGT$416 million22.747.8%2.6%3.5%0.10n/a
Ftai Infrastructure Inc. FIP$410 millionn/an/a-2.9%67.7%n/a3.5%
Virgin Galactic Holdings, Inc. SPCE$390 millionn/a-62.5%-24,804.5%-38.9%0.55n/a
Verra Mobility Corp. VRRM$332 million9.1014.3%12.7%6.5%3.90n/a
Pamt Corp. PAMT$295 millionn/a-23.0%-8.8%-2.1%1.66n/a
Seacor Marine Holdings Inc. SMHI$238 millionn/a-15.0%1.5%-15.0%1.28n/a
Wheels Up Experience Inc. UP$102 millionn/an/a-26.3%-7.6%n/an/a
Proficient Auto Logistics, Inc. PAL$85 millionn/an/an/an/a0.23n/a
T. Air Inc. AIRT$75 million1.1797.9%-6.6%25.4%3.78n/a
4 companies share its SEC industry code (Railroads, Line-Haul Operating); the rest are the names nearest in size in its wider industry, Transportation, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on UNP

Dividends$5.56 a share over the four quarters to 30 September 2026, a 1.92% yield
Filings18 in twelve months: 9 current reports (8-K), about 4 results of operations; 3 regulation FD disclosure; 2 officer or director change; 2 shareholder vote; 1 other events
Planned insider sales4 Form 144 notices in twelve months, $9.3 million; latest 3 June 2026
Options tapeput/call 0.65 by open interest at the 6 November 2026 close; the straddle prices a 3.2% move to 13 November 2026
13F holders2,908 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading5 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest27.9 million shares short, 12.90 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 202622 October 2026EDGAR
10-Q30 June 202623 July 2026EDGAR
10-Q31 March 202623 April 2026EDGAR
10-K31 December 20256 February 2026EDGAR
10-Q30 September 202523 October 2025EDGAR
10-Q30 June 202524 July 2025EDGAR
10-Q31 March 202524 April 2025EDGAR
10-K31 December 20247 February 2025EDGAR
10-Q30 September 202424 October 2024EDGAR
10-Q30 June 202425 July 2024EDGAR

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