Stock research

Union Pacific Corporation (UNP) Stock Research

Union Pacific operates one of the largest freight-rail networks in the western United States, hauling goods ranging from grain to industrial products.

For the fiscal year ended December 31, 2025, Union Pacific Corporation reported revenue of $24.5B and net income of $7.1B, with operating cash flow of $9.3B. Source: Form 10-K filed February 6, 2026

SEC data as of

Revenue
$24.5B
FY ending 2025-12-31
Net income
$7.1B
FY ending 2025-12-31
Diluted EPS
$11.98
Net margin
29.1%

Reported SEC XBRL figures. Each metric’s period and original filing are listed below.

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About Union Pacific

Rail volumes make it a useful read on the broader goods economy.

Exchange
NYSE: UNP
Sector
Industrials
SEC industry
Railroads, Line-Haul Operating (SIC 4011)
Fiscal year end
December 31
Headquarters
Omaha, Nebraska
Founded
1862

UNP key financials

Reported figures from Union Pacific Corporation's filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.

MetricValuePeriodSource
Revenue$24.5B2025-01-01 – 2025-12-31SEC filing
Net income$7.1B2025-01-01 – 2025-12-31SEC filing
Operating cash flow$9.3B2025-01-01 – 2025-12-31SEC filing
Diluted EPS$11.982025-01-01 – 2025-12-31SEC filing
Net margin29.1%2025-01-01 – 2025-12-31SEC filing
Shares outstanding593MAs of 2026-01-30SEC filing

Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.

Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price. Shares outstanding multiplied by the share price gives market capitalization.

What investors should watch in UNP

Union Pacific Corporation sits in Industrials. Aerospace, machinery, defense, and transports — a cyclical read on capex, reshoring, and the physical economy. We have not yet written company-specific drivers for UNP; the forces that matter most for the sector are:

  • ◆Capital-spending and manufacturing PMIs
  • ◆Reshoring and supply-chain reconfiguration
  • ◆Defense budgets and geopolitical conflict
  • ◆Freight rates and logistics demand

Key questions for the UNP thesis

Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.

Does UNP's reported profit turn into cash?

Operating cash flow was $9.3B, 1.30 times net income of $7.1B, for the fiscal year ended December 31, 2025.

Cash from operations exceeded reported earnings. Non-cash charges such as depreciation, amortization and stock-based compensation usually explain the gap; the cash-flow statement shows which.

Form 10-K filed February 6, 2026

How much of UNP's revenue is left as profit?

Net income was 29.1% of revenue for the fiscal year ended December 31, 2025, based on revenue and net income reported for the same period.

Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.

Form 10-K filed February 6, 2026

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Congressional trading in UNP

PoliticianTrade dateTypeOwnerAmountSource
Alan Armstrong2026-03-27PurchaseSelf$15,001 - $50,000Filing #fda235b3-bad7-4637-8fa1-053f354d929c
John Boozman2026-02-19SaleJoint$1,001 - $15,000Filing #2b56957f-6859-43e2-a447-898509c7f142
John Boozman2026-01-29SaleJoint$1,001 - $15,000Filing #bd886067-927f-48a8-9d43-8ab6fa713f98
Julie Johnson2025-12-18SaleJoint$1,001 - $15,000Filing #20033789
Julie Johnson2025-11-13SaleJoint$1,001 - $15,000Filing #20033611
C. Franklin2025-10-14PurchaseSelf$50,001 - $100,000Filing #20033327
C. Franklin2025-10-14PurchaseSelf$1,001 - $15,000Filing #20033327
C. Franklin2025-10-14PurchaseSpouse$1,001 - $15,000Filing #20033327
Julie Johnson2025-08-14SaleJoint$1,001 - $15,000Filing #20032066
Adam Smith2025-08-08SaleSpouse$1,001 - $15,000Filing #20030868

All verified UNP congressional disclosures

Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.

UNP — frequently asked questions

What does Union Pacific Corporation do?

Union Pacific operates one of the largest freight-rail networks in the western United States, hauling goods ranging from grain to industrial products.

What were UNP's latest reported annual revenue and net income?

For the fiscal year ended December 31, 2025, Union Pacific Corporation reported revenue of $24.5B and net income of $7.1B, with operating cash flow of $9.3B. The figures come from Union Pacific Corporation's SEC XBRL filings.

When does Union Pacific Corporation's fiscal year end?

The SEC lists Union Pacific Corporation's fiscal year end as December 31.

Do members of Congress trade UNP?

The current verified House and Senate snapshot contains 28 transaction rows for UNP, each linked to the original filing.

Where is Union Pacific Corporation headquartered?

Union Pacific Corporation is headquartered in Omaha, Nebraska and was founded in 1862.

Is UNP a good investment?

This page does not rate UNP as a buy or sell. It sets out what Union Pacific Corporation reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.

This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.

What do the UNP numbers leave unanswered?

Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.

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