Cash flow Union Pacific Corporation

Equities

UNP

US9078181081

Ground Freight & Logistics

Market Closed - Nyse Other stock markets 04:00:02 2026-02-13 pm EST			5-day change	1st Jan Change
260.68 ^USD	-0.42%		+3.19%	+12.69%

Feb. 11	Wabtec forecasts 2026 profit above estimates as higher locomotive deliveries lift demand	RE
Feb. 11	Wabtec forecasts 2026 profit above estimates as higher locomotive deliveries lift demand	RE

4953b840.B0XDnXRJoUWCGAKb9-inOeexmGBFQ5wSxTCm_7TFly8.fyGxpCEEkSbBdU3quJnoaYrIx1cUJPdGvUnDrdm1030_L5bbWT7JDs1gVw

Published financial data: UNION PACIFIC CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	20.24B	23.16B	22.57B	22.81B	23.22B
Other Revenues, Total	1.56B	1.72B	1.55B	1.44B	1.29B
Total Revenues	21.8B	24.88B	24.12B	24.25B	24.51B
Cost of Goods Sold, Total	9.06B	11.34B	11.22B	10.76B	10.7B
Gross Profit	12.75B	13.54B	12.9B	13.49B	13.81B
Depreciation & Amortization - (IS)	2.21B	2.25B	2.32B	2.4B	2.46B
Other Operating Expenses	1.18B	1.29B	1.45B	1.33B	1.37B
Other Operating Expenses, Total	3.38B	3.53B	3.76B	3.72B	3.84B
Operating Income	9.36B	10B	9.13B	9.77B	9.97B
Interest Expense, Total	-1.16B	-1.27B	-1.34B	-1.27B	-1.31B
Interest And Investment Income	5M	-	-	76M	56M
Net Interest Expenses	-1.15B	-1.27B	-1.34B	-1.19B	-1.25B
Other Non Operating Income (Expenses)	133M	228M	332M	219M	518M
EBT, Excl. Unusual Items	8.34B	8.96B	8.13B	8.79B	9.24B
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-	-	-	-	-72M
Gain (Loss) On Sale Of Investments	36M	-	-	-	-
Gain (Loss) On Sale Of Assets	98M	114M	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	107M	-	-
EBT, Incl. Unusual Items	8.48B	9.07B	8.23B	8.79B	9.17B
Income Tax Expense	1.96B	2.07B	1.85B	2.05B	2.03B
Earnings From Continuing Operations	6.52B	7B	6.38B	6.75B	7.14B
Net Income to Company	6.52B	7B	6.38B	6.75B	7.14B
Net Income - (IS)	6.52B	7B	6.38B	6.75B	7.14B
Net Income to Common Incl Extra Items	6.52B	7B	6.38B	6.75B	7.14B
Net Income to Common Excl. Extra Items	6.52B	7B	6.38B	6.75B	7.14B
Per Share Items
Net EPS - Basic	9.98	11.24	10.47	11.1	12
Basic EPS - Continuing Operations	9.98	11.24	10.47	11.1	12
Basic Weighted Average Shares Outstanding	654M	623M	609M	608M	595M
Net EPS - Diluted	9.95	11.21	10.45	11.09	11.98
Diluted EPS - Continuing Operations	9.95	11.21	10.45	11.09	11.98
Diluted Weighted Average Shares Outstanding	655M	624M	610M	609M	596M
Normalized Basic EPS	7.98	8.99	8.34	9.05	9.7
Normalized Diluted EPS	7.96	8.97	8.32	9.03	9.69
Dividend Per Share	4.29	5.08	5.2	5.28	5.44
Payout Ratio	42.92	45.14	49.74	47.62	45.33
Supplemental Items
EBITDA	11.57B	12.25B	11.45B	12.17B	12.44B
EBITA	9.36B	10B	9.13B	9.77B	9.97B
EBIT	9.36B	10B	9.13B	9.77B	9.97B
EBITDAR	11.91B	12.62B	11.89B	12.57B	12.8B
Total Revenues (As Reported)	21.8B	24.88B	24.12B	24.25B	24.51B
Effective Tax Rate - (Ratio)	23.06	22.86	22.52	23.28	22.13
Current Domestic Taxes	1.79B	1.8B	1.73B	2.01B	1.78B
Current Foreign Taxes	8M	7M	6M	11M	6M
Total Current Taxes	1.8B	1.81B	1.74B	2.02B	1.79B
Deferred Domestic Taxes	155M	261M	115M	23M	237M
Deferred Foreign Taxes	-1M	1M	2M	5M	4M
Total Deferred Taxes	154M	262M	117M	28M	241M
Normalized Net Income	5.22B	5.6B	5.08B	5.5B	5.77B
Interest on Long-Term Debt	20M	12M	8M	53M	45M
Non-Cash Pension Expense	-25M	-84M	-52M	-55M	-55M
Supplemental Operating Expense Items
Net Rental Expense, Total	339M	369M	434M	401M	367M
Imputed Operating Lease Interest Expense	105M	113M	135M	122M	118M
Imputed Operating Lease Depreciation	234M	256M	299M	279M	249M
Maintenance & Repair Expenses, Total	2.1B	2.4B	2.5B	2.3B	2.3B
Stock-Based Comp., COGS (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	88M	99M	107M	118M	142M
Total Stock-Based Compensation	88M	99M	107M	118M	142M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	960M	973M	1.06B	1.02B	1.27B
Short Term Investments	46M	46M	16M	20M	250M
Total Cash And Short Term Investments	1.01B	1.02B	1.07B	1.04B	1.52B
Accounts Receivable, Total	1.72B	1.89B	2.07B	1.89B	1.86B
Total Receivables	1.72B	1.89B	2.07B	1.89B	1.86B
Inventory	621M	741M	743M	769M	787M
Restricted Cash	19M	10M	10M	4M	9M
Other Current Assets, Total	183M	291M	251M	318M	383M
Total Current Assets	3.55B	3.95B	4.15B	4.02B	4.56B
Gross Property Plant And Equipment	77.85B	79.67B	81.99B	83.71B	86.03B
Accumulated Depreciation	-21.88B	-22.69B	-23.76B	-24.86B	-26.09B
Net Property Plant And Equipment	55.97B	56.98B	58.23B	58.85B	59.94B
Long-term Investments	2.24B	2.38B	2.6B	2.66B	2.88B
Other Intangibles, Total	686M	729M	814M	791M	745M
Other Long-Term Assets, Total	1.08B	1.41B	1.34B	1.39B	1.58B
Total Assets	63.52B	65.45B	67.13B	67.72B	69.7B
Liabilities
Accounts Payable, Total	752M	784M	856M	847M	804M
Accrued Expenses, Total	967M	1.67B	1.33B	1.42B	1.4B
Current Portion of Long-Term Debt	2.07B	1.61B	1.37B	1.39B	1.48B
Current Portion of Leases	422M	398M	404M	383M	309M
Current Income Taxes Payable	823M	628M	685M	605M	491M
Other Current Liabilities	706M	431M	460M	613M	532M
Total Current Liabilities	5.74B	5.52B	5.11B	5.25B	5.01B
Long-Term Debt	27.32B	31.48B	31.05B	29.7B	30.23B
Long-Term Leases	1.67B	1.47B	1.35B	997M	804M
Pension & Other Post Retirement Benefits	518M	364M	373M	-	-
Deferred Tax Liability Non Current	12.68B	13.03B	13.12B	13.15B	13.42B
Other Non Current Liabilities	1.44B	1.42B	1.34B	1.73B	1.76B
Total Liabilities	49.36B	53.29B	52.34B	50.82B	51.23B
Common Stock, Total	2.78B	2.78B	2.78B	2.78B	2.78B
Additional Paid In Capital	4.98B	5.08B	5.19B	5.33B	5.59B
Retained Earnings	55.05B	58.89B	62.09B	65.63B	69.53B
Treasury Stock	-47.73B	-54B	-54.67B	-56.13B	-58.84B
Comprehensive Income and Other	-914M	-582M	-614M	-723M	-591M
Total Common Equity	14.16B	12.16B	14.79B	16.89B	18.47B
Total Equity	14.16B	12.16B	14.79B	16.89B	18.47B
Total Liabilities And Equity	63.52B	65.45B	67.13B	67.72B	69.7B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	637M	612M	610M	604M	593M
ECS Total Common Shares Outstanding	639M	612M	610M	604M	593M
Book Value / Share	22.17	19.86	24.25	27.95	31.13
Tangible Book Value	13.48B	11.43B	13.97B	16.1B	17.72B
Tangible Book Value Per Share	21.09	18.67	22.92	26.64	29.87
Total Debt	31.49B	34.96B	34.18B	32.46B	32.82B
Net Debt	30.48B	33.94B	33.11B	31.43B	31.31B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-258M	-638M	-520M	-555M	-703M
Debt Equivalent Oper. Leases	2.71B	2.95B	3.47B	3.21B	2.94B
Equity Method Investments, Total	1.6B	1.7B	1.8B	1.9B	2B
Account Code - Inventory Valuation	6	6	6	6	6
Land - (BS)	5.34B	5.34B	5.43B	5.44B	5.47B
Machinery, Total	12.76B	12.98B	13.4B	13.75B	14.32B
Full Time Employees	29.9K	33.18K	32.97K	32.44K	29.29K
Accumulated Allowance for Doubtful Accounts (Supple)	10M	10M	9M	6M	4M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	6.52B	7B	6.38B	6.75B	7.14B
Depreciation & Amortization - CF	2.21B	2.25B	2.32B	2.4B	2.46B
Depreciation & Amortization, Total	2.21B	2.25B	2.32B	2.4B	2.46B
(Gain) Loss From Sale Of Asset	-98M	-176M	-	-	-
Other Operating Activities, Total	196M	286M	-15M	15M	48M
Change In Accounts Receivable	-217M	-169M	-177M	179M	34M
Change In Inventories	17M	-120M	-2M	-26M	-18M
Change In Accounts Payable	184M	565M	-215M	189M	-196M
Change In Income Taxes	188M	-273M	129M	-87M	-206M
Change in Other Net Operating Assets	31M	5M	-38M	-69M	25M
Cash from Operations	9.03B	9.36B	8.38B	9.35B	9.29B
Capital Expenditure	-2.94B	-3.62B	-3.61B	-3.45B	-3.79B
Sale of Property, Plant, and Equipment	178M	194M	-	-	-
Investment in Marketable and Equity Securities, Total	24M	0	-	-	-
Other Investing Activities, Total	25M	-45M	-61M	127M	29M
Cash from Investing	-2.71B	-3.47B	-3.67B	-3.32B	-3.76B
Short Term Debt Issued, Total	325M	-	-	-	-
Long-Term Debt Issued, Total	4.2B	6.08B	1.6B	800M	2B
Total Debt Issued	4.53B	6.08B	1.6B	800M	2B
Short Term Debt Repaid, Total	-	-205M	-	-	-
Long-Term Debt Repaid, Total	-1.57B	-2.29B	-2.19B	-2.23B	-1.43B
Total Debt Repaid	-1.57B	-2.5B	-2.19B	-2.23B	-1.43B
Repurchase of Common Stock	-7.29B	-6.28B	-705M	-1.5B	-2.68B
Common Dividends Paid	-2.8B	-3.16B	-3.17B	-3.21B	-3.24B
Common & Preferred Stock Dividends Paid	-2.8B	-3.16B	-3.17B	-3.21B	-3.24B
Other Financing Activities, Total	-24M	-30M	-156M	77M	72M
Cash from Financing	-7.16B	-5.89B	-4.62B	-6.07B	-5.28B
Net Change in Cash	-835M	4M	87M	-46M	252M
Supplemental Items
Cash Interest Paid	1.09B	1.16B	1.27B	1.26B	1.31B
Cash Income Tax Paid (Refund)	1.66B	2.06B	1.49B	1.34B	877M
Levered Free Cash Flow	4.76B	4.06B	3.36B	4.62B	3.92B
Unlevered Free Cash Flow	5.49B	4.85B	4.2B	5.42B	4.74B
Change In Net Working Capital	-275M	125M	327M	-247M	313M
Net Debt Issued / Repaid	2.96B	3.58B	-591M	-1.43B	567M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	9.29	9.69	8.61	9.05	9.07
Return on Total Capital	12.87	13.48	11.88	12.42	12.39
Return On Equity %	41.92	53.17	47.34	42.6	40.38
Return on Common Equity	41.92	53.17	47.34	42.6	40.38
Margin Analysis
Gross Profit Margin %	58.46	54.41	53.48	55.64	56.35
EBITDA Margin %	53.07	49.23	47.48	50.17	50.75
EBITA Margin %	42.94	40.2	37.87	40.28	40.69
EBIT Margin %	42.94	40.2	37.87	40.28	40.69
Income From Continuing Operations Margin %	29.92	28.13	26.45	27.82	29.12
Net Income Margin %	29.92	28.13	26.45	27.82	29.12
Net Avail. For Common Margin %	29.92	28.13	26.45	27.82	29.12
Normalized Net Income Margin	23.92	22.51	21.06	22.66	23.56
Levered Free Cash Flow Margin	21.85	16.31	13.94	19.06	15.99
Unlevered Free Cash Flow Margin	25.16	19.5	17.42	22.33	19.32
Asset Turnover
Asset Turnover	0.35	0.39	0.36	0.36	0.36
Fixed Assets Turnover	0.39	0.44	0.42	0.41	0.41
Receivables Turnover (Average Receivables)	12.55	12.82	11.39	11.5	12.37
Inventory Turnover (Average Inventory)	14.39	16.65	15.12	14.23	13.75
Short Term Liquidity
Current Ratio	0.62	0.72	0.81	0.77	0.91
Quick Ratio	0.47	0.53	0.62	0.56	0.67
Operating Cash Flow to Current Liabilities	1.57	1.7	1.64	1.78	1.85
Days Sales Outstanding (Average Receivables)	29.09	28.47	32.05	31.82	29.5
Days Outstanding Inventory (Average Inventory)	25.37	21.92	24.14	25.72	26.54
Average Days Payable Outstanding	27.54	24.46	26.67	28.9	28.12
Cash Conversion Cycle (Average Days)	26.92	25.93	29.52	28.65	27.93
Long Term Solvency
Total Debt/Equity	222.36	287.4	231.13	192.2	177.73
Total Debt / Total Capital	68.98	74.19	69.8	65.78	63.99
LT Debt/Equity	204.73	270.89	219.1	181.72	168.04
Long-Term Debt / Total Capital	63.51	69.92	66.17	62.19	60.5
Total Liabilities / Total Assets	77.71	81.42	77.97	75.06	73.5
EBIT / Interest Expense	8.09	7.87	6.82	7.7	7.62
EBITDA / Interest Expense	10.29	9.93	8.87	9.9	9.78
(EBITDA - Capex) / Interest Expense	7.76	7.08	6.18	7.18	6.89
Total Debt / EBITDA	2.64	2.77	2.88	2.58	2.56
Net Debt / EBITDA	2.56	2.69	2.79	2.5	2.44
Total Debt / (EBITDA - Capex)	3.51	3.89	4.13	3.56	3.64
Net Debt / (EBITDA - Capex)	3.4	3.77	4	3.45	3.47
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	11.63	14.08	-3.04	0.54	1.07
Gross Profit, 1 Yr. Growth %	11.52	6.18	-4.7	4.6	2.37
EBITDA, 1 Yr. Growth %	14.73	5.84	-6.49	6.23	2.24
EBITA, 1 Yr. Growth %	18.9	6.81	-8.67	6.94	2.1
EBIT, 1 Yr. Growth %	18.9	6.81	-8.67	6.94	2.1
Earnings From Cont. Operations, 1 Yr. Growth %	21.95	7.28	-8.85	5.77	5.8
Net Income, 1 Yr. Growth %	21.95	7.28	-8.85	5.77	5.8
Normalized Net Income, 1 Yr. Growth %	21.54	6.11	-9.29	8.22	5.05
Diluted EPS Before Extra, 1 Yr. Growth %	26.27	12.66	-6.78	6.12	8.03
Accounts Receivable, 1 Yr. Growth %	14.42	9.81	9.62	-8.63	-1.8
Inventory, 1 Yr. Growth %	-2.66	19.32	0.27	3.5	2.34
Net Property, Plant and Equip., 1 Yr. Growth %	1.6	1.8	2.19	1.07	1.85
Total Assets, 1 Yr. Growth %	1.81	3.03	2.57	0.87	2.93
Tangible Book Value, 1 Yr. Growth %	-17.22	-15.15	22.21	15.21	10.08
Common Equity, 1 Yr. Growth %	-16.49	-14.11	21.58	14.21	9.34
Cash From Operations, 1 Yr. Growth %	5.76	3.65	-10.5	11.54	-0.6
Capital Expenditures, 1 Yr. Growth %	0.31	23.3	-0.39	-4.27	9.82
Levered Free Cash Flow, 1 Yr. Growth %	24.42	-14.85	-17.08	37.45	-15.25
Unlevered Free Cash Flow, 1 Yr. Growth %	20.81	-11.6	-13.4	28.93	-12.55
Dividend Per Share, 1 Yr. Growth %	10.57	18.41	2.36	1.54	3.03
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	0.22	12.85	5.17	-1.26	0.81
Gross Profit, 2 Yr. CAGR %	3.6	8.82	0.59	-0.16	3.48
EBITDA, 2 Yr. CAGR %	3.43	10.2	-0.52	-0.33	4.22
EBITA, 2 Yr. CAGR %	4.34	12.69	-1.23	-1.17	4.49
EBIT, 2 Yr. CAGR %	4.34	12.69	-1.23	-1.17	4.49
Earnings From Cont. Operations, 2 Yr. CAGR %	4.98	14.38	-1.11	-1.81	5.78
Net Income, 2 Yr. CAGR %	4.98	14.38	-1.11	-1.81	5.78
Normalized Net Income, 2 Yr. CAGR %	3.92	13.85	-2.1	-0.92	6.62
Diluted EPS Before Extra, 2 Yr. CAGR %	8.97	19.27	2.48	-0.54	7.07
Accounts Receivable, 2 Yr. CAGR %	3.9	12.09	9.72	0.08	-5.28
Inventory, 2 Yr. CAGR %	-9.07	7.77	9.38	1.87	2.92
Net Property, Plant and Equip., 2 Yr. CAGR %	0.79	1.7	1.99	1.63	1.46
Total Assets, 2 Yr. CAGR %	1.49	2.42	2.8	1.72	1.89
Tangible Book Value, 2 Yr. CAGR %	-12.24	-16.19	1.83	18.66	12.61
Common Equity, 2 Yr. CAGR %	-11.62	-15.31	2.19	17.84	11.75
Cash From Operations, 2 Yr. CAGR %	2.43	4.7	-3.68	-0.09	5.3
Capital Expenditures, 2 Yr. CAGR %	-7.79	11.21	10.82	-2.35	2.53
Levered Free Cash Flow, 2 Yr. CAGR %	18.22	2.93	-15.98	6.76	7.93
Unlevered Free Cash Flow, 2 Yr. CAGR %	16.18	3.34	-12.5	5.67	6.18
Dividend Per Share, 2 Yr. CAGR %	7.68	14.42	10.1	1.95	2.28
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-1.52	4.64	7.28	3.61	-0.49
Gross Profit, 3 Yr. CAGR %	2.77	4.46	4.11	1.91	0.68
EBITDA, 3 Yr. CAGR %	2.58	4.23	4.33	1.69	0.52
EBITA, 3 Yr. CAGR %	3.15	5.16	5.07	1.42	-0.09
EBIT, 3 Yr. CAGR %	3.15	5.16	5.07	1.42	-0.09
Earnings From Cont. Operations, 3 Yr. CAGR %	3.02	5.74	6.05	1.13	0.66
Net Income, 3 Yr. CAGR %	3.02	5.74	6.05	1.13	0.66
Normalized Net Income, 3 Yr. CAGR %	2.29	5.05	5.55	1.23	1.03
Diluted EPS Before Extra, 3 Yr. CAGR %	7.95	10.18	9.87	3.68	2.24
Accounts Receivable, 3 Yr. CAGR %	-0.63	5.84	11.26	3.22	-0.55
Inventory, 3 Yr. CAGR %	-5.76	-0.45	5.21	7.39	2.03
Net Property, Plant and Equip., 3 Yr. CAGR %	2.45	1.13	1.86	1.68	1.7
Total Assets, 3 Yr. CAGR %	2.41	2	2.47	2.15	2.12
Tangible Book Value, 3 Yr. CAGR %	-12.04	-13.22	-4.96	6.11	15.73
Common Equity, 3 Yr. CAGR %	-11.49	-12.46	-4.46	6.05	14.93
Cash From Operations, 3 Yr. CAGR %	1.31	2.83	-0.63	1.15	-0.26
Capital Expenditures, 3 Yr. CAGR %	-5.12	1.59	7.2	5.55	1.55
Levered Free Cash Flow, 3 Yr. CAGR %	11.15	5.97	-4.23	-1	-1.15
Unlevered Free Cash Flow, 3 Yr. CAGR %	10.99	6.07	-2.57	-0.43	-0.79
Dividend Per Share, 3 Yr. CAGR %	11.92	11.14	10.25	7.17	2.31
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	1.8	3.21	1.1	2.24	4.64
Gross Profit, 5 Yr. CAGR %	4.34	3.86	1.9	2.58	3.86
EBITDA, 5 Yr. CAGR %	4.44	3.62	1.33	2.38	4.28
EBITA, 5 Yr. CAGR %	5.18	4.19	1.38	2.58	4.84
EBIT, 5 Yr. CAGR %	5.18	4.19	1.38	2.58	4.84
Earnings From Cont. Operations, 5 Yr. CAGR %	9.03	-8.16	1.35	2.65	5.94
Net Income, 5 Yr. CAGR %	9.03	-8.16	1.35	2.65	5.94
Normalized Net Income, 5 Yr. CAGR %	4.57	3.5	0.83	2.62	5.98
Diluted EPS Before Extra, 5 Yr. CAGR %	14.44	-3.45	5.73	5.76	8.74
Accounts Receivable, 5 Yr. CAGR %	6.48	4.84	3.39	3.5	4.33
Inventory, 5 Yr. CAGR %	-2.83	-0.21	0.03	0.47	4.29
Net Property, Plant and Equip., 5 Yr. CAGR %	2.35	2.26	2.27	1.33	1.7
Total Assets, 5 Yr. CAGR %	2.66	2.51	2.56	1.89	2.24
Tangible Book Value, 5 Yr. CAGR %	-7	-13.93	-6.73	-1.65	1.71
Common Equity, 5 Yr. CAGR %	-6.61	-13.32	-6.25	-1.4	1.72
Cash From Operations, 5 Yr. CAGR %	3.72	5.3	-0.72	1.66	1.7
Capital Expenditures, 5 Yr. CAGR %	-3.48	2.26	0.96	-0.01	5.31
Levered Free Cash Flow, 5 Yr. CAGR %	6.52	3.07	-0.62	6.28	0.46
Unlevered Free Cash Flow, 5 Yr. CAGR %	7.01	4.26	0.92	5.91	0.84
Dividend Per Share, 5 Yr. CAGR %	13.73	15.42	11.19	7.37	6.99