Union Pacific Corporation

UNPNYSE

$296.11

Last price · USD

Market cap: $175.7B
P/E: 24.7x
EV / EBITDA: 15.9x
P/S: 7.2x
FCF yield: 3.1%
Div. yield: 1.84%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Union Pacific Corporation balance sheet

Annual · USD millions except per-share data · 42 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	1,275	1,016	1,055	973	960	+7.4%
Short-term investments	250	20	16	46	46	+52.7%
Cash & short-term investments	1,525	1,036	1,071	1,019	1,006	+11.0%
Net receivables	1,860	1,894	2,073	1,891	1,722	+1.9%
Accounts receivable	1,860	1,894	2,073	1,891	1,722	+1.9%
Inventory	787	769	743	741	621	+6.1%
Other current assets	383	322	261	301	202	+17.3%
Total current assets	4,555	4,021	4,148	3,952	3,551	+6.4%
Non-current assets
Property, plant & equipment (net)	59,645	58,849	58,227	56,981	55,972	+1.6%
Intangible assets	745	791	814	729	686	+2.1%
Goodwill & intangible assets	745	791	814	729	686	+2.1%
Long-term investments	2,954	2,664	2,605	2,375	2,241	+7.1%
Other non-current assets	1,799	1,390	1,338	1,412	1,075	+13.7%
Total non-current assets	65,143	63,694	62,984	61,497	59,974	+2.1%
Total assets	69,698	67,715	67,132	65,449	63,525	+2.3%
Current liabilities
Accounts payable	804	847	856	784	752	+1.7%
Other payables	491	714	783	737	921	-14.6%
Total payables	1,295	1,561	1,639	1,521	1,673	-6.2%
Short-term debt	1,520	1,425	1,423	1,678	2,166	-8.5%
Capital lease obligations (current)	(738)	346	355	331	330	—
Tax payables	0	605	685	628	823	—
Other current liabilities	2,199	1,231	993	1,369	1,058	+20.1%
Total current liabilities	5,014	5,254	5,106	5,520	5,744	-3.3%
Non-current liabilities
Long-term debt	30,294	29,767	31,156	31,648	27,563	+2.4%
Capital lease obligations (non-current)	738	925	1,245	1,300	1,429	-15.2%
Deferred tax liabilities (non-current)	13,421	13,151	13,123	13,033	12,675	+1.4%
Other non-current liabilities	1,764	1,728	1,714	1,785	1,953	-2.5%
Total non-current liabilities	46,217	45,571	47,238	47,766	43,620	+1.5%
Capital lease obligations	0	1,271	1,600	1,631	1,759	—
Total debt	31,814	32,463	34,179	34,957	31,488	+0.3%
Total liabilities	51,231	50,825	52,344	53,286	49,364	+0.9%
Stockholders' equity
Common stock	2,783	2,783	2,782	2,782	2,781	0.0%
Retained earnings	69,529	65,628	62,093	58,887	55,049	+6.0%
Additional paid-in capital	5,589	5,334	5,193	5,080	4,979	+2.9%
Treasury stock	(58,843)	(56,132)	(54,666)	(54,004)	(47,734)	—
Accumulated other comprehensive income (loss)	(591)	(723)	(614)	(582)	(914)	—
Total stockholders' equity	18,467	16,890	14,788	12,163	14,161	+6.9%
Total equity	18,467	16,890	14,788	12,163	14,161	+6.9%
Total liabilities & equity	69,698	67,715	67,132	65,449	63,525	+2.3%
Additional fields
Accrued Expenses	738	691	696	621	517	+9.3%
Net Debt	30,539	31,447	33,124	33,984	30,528	0.0%
Total Investments	3,204	2,684	2,621	2,421	2,287	+8.8%

Union Pacific Corporation

UNPNYSE

$296.11

Last price · USD

Market cap: $175.7B
P/E: 24.7x
EV / EBITDA: 15.9x
P/S: 7.2x
FCF yield: 3.1%
Div. yield: 1.84%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Union Pacific Corporation balance sheet

Annual · USD millions except per-share data · 42 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	1,275	1,016	1,055	973	960	+7.4%
Short-term investments	250	20	16	46	46	+52.7%
Cash & short-term investments	1,525	1,036	1,071	1,019	1,006	+11.0%
Net receivables	1,860	1,894	2,073	1,891	1,722	+1.9%
Accounts receivable	1,860	1,894	2,073	1,891	1,722	+1.9%
Inventory	787	769	743	741	621	+6.1%
Other current assets	383	322	261	301	202	+17.3%
Total current assets	4,555	4,021	4,148	3,952	3,551	+6.4%
Non-current assets
Property, plant & equipment (net)	59,645	58,849	58,227	56,981	55,972	+1.6%
Intangible assets	745	791	814	729	686	+2.1%
Goodwill & intangible assets	745	791	814	729	686	+2.1%
Long-term investments	2,954	2,664	2,605	2,375	2,241	+7.1%
Other non-current assets	1,799	1,390	1,338	1,412	1,075	+13.7%
Total non-current assets	65,143	63,694	62,984	61,497	59,974	+2.1%
Total assets	69,698	67,715	67,132	65,449	63,525	+2.3%
Current liabilities
Accounts payable	804	847	856	784	752	+1.7%
Other payables	491	714	783	737	921	-14.6%
Total payables	1,295	1,561	1,639	1,521	1,673	-6.2%
Short-term debt	1,520	1,425	1,423	1,678	2,166	-8.5%
Capital lease obligations (current)	(738)	346	355	331	330	—
Tax payables	0	605	685	628	823	—
Other current liabilities	2,199	1,231	993	1,369	1,058	+20.1%
Total current liabilities	5,014	5,254	5,106	5,520	5,744	-3.3%
Non-current liabilities
Long-term debt	30,294	29,767	31,156	31,648	27,563	+2.4%
Capital lease obligations (non-current)	738	925	1,245	1,300	1,429	-15.2%
Deferred tax liabilities (non-current)	13,421	13,151	13,123	13,033	12,675	+1.4%
Other non-current liabilities	1,764	1,728	1,714	1,785	1,953	-2.5%
Total non-current liabilities	46,217	45,571	47,238	47,766	43,620	+1.5%
Capital lease obligations	0	1,271	1,600	1,631	1,759	—
Total debt	31,814	32,463	34,179	34,957	31,488	+0.3%
Total liabilities	51,231	50,825	52,344	53,286	49,364	+0.9%
Stockholders' equity
Common stock	2,783	2,783	2,782	2,782	2,781	0.0%
Retained earnings	69,529	65,628	62,093	58,887	55,049	+6.0%
Additional paid-in capital	5,589	5,334	5,193	5,080	4,979	+2.9%
Treasury stock	(58,843)	(56,132)	(54,666)	(54,004)	(47,734)	—
Accumulated other comprehensive income (loss)	(591)	(723)	(614)	(582)	(914)	—
Total stockholders' equity	18,467	16,890	14,788	12,163	14,161	+6.9%
Total equity	18,467	16,890	14,788	12,163	14,161	+6.9%
Total liabilities & equity	69,698	67,715	67,132	65,449	63,525	+2.3%
Additional fields
Accrued Expenses	738	691	696	621	517	+9.3%
Net Debt	30,539	31,447	33,124	33,984	30,528	0.0%
Total Investments	3,204	2,684	2,621	2,421	2,287	+8.8%