Union Pacific (UNP) FY2024 results: revenue $24.2 billion, up 0.5% on the year
Union Pacific Corp. (UNP) reported revenue of $24.2 billion for fiscal 2024, the year ended 31 December 2024, up 0.5% on the year before. Net income was $6.7 billion, up 5.8%, and diluted earnings per share $11.09. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2025.
Revenue
$24.2 billion
+0.5% on the year
FY2017FY2024
Operating margin
40.1%
37.7% a year earlier
FY2017FY2024
Net income
$6.7 billion
+5.8% on the year
FY2017FY2024
Diluted EPS
$11.09
+6.1% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. 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.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
9,346
8,379
9,362
+11.5%
Capital expenditure
3,452
3,606
3,620
-4.3%
Free cash flow
5,894
4,773
5,742
+23.5%
Free cash flow margin
24.3%
19.8%
23.1%
Cash from investing
-3,325
-3,667
-3,471
Cash from financing
-6,067
-4,625
-5,887
Depreciation
2,398
2,318
2,246
+3.5%
Share-based compensation
118
107
99.0
+10.3%
Buybacks
1,505
705
6,282
+113.5%
Dividends paid
3,213
3,173
3,159
+1.3%
Dividend per share
$5.28
$5.20
$5.08
+1.5%
Diluted shares, weighted
609m
610m
624m
-0.3%
Shares outstanding at period end
604m
610m
612m
-0.9%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
16,890
14,788
12,163
+14.2%
Debt
31,192
32,579
33,326
-4.3%
Operating lease liabilities
925
1,245
1,300
-25.7%
Finance lease liabilities
72.0
109
n/a
-33.9%
Other liabilities
18,636
18,411
18,660
+1.2%
Total liabilities and equity
67,715
67,132
65,449
+0.9%
Fixed assets
n/a
57,398
56,038
Cash and equivalents
1,016
1,055
973
-3.7%
Receivables
1,894
2,073
1,891
-8.6%
Other assets
64,805
6,606
6,547
+881.0%
Total assets
67,715
67,132
65,449
+0.9%
10-K for the year ended 31 December 2024, filed 7 February 2025: the filing.