UNP (Union Pacific Corporation) Stock Financials & Earnings | Market Cap Arena

UNP (Union Pacific Corporation) Stock Financials & Earnings | Market Cap Arena

UNPUnion Pacific Corporation

Mkt Cap$150B

UNPUnion Pacific Corporation

$150B

Company Info & Key Metrics

Industrials Railroads

Country🇺🇸 United States

ExchangeNYSE

Revenue$6.1B

YoY Growth-0.6%

QoQ Growth-2.5%

Net Income$1.8B

EPS$3.11

Free Cash Flow$1.2B

Gross Margin44.9%

Op. Margin39.2%

Net Margin30.4%

FCF Margin20.1%

Rev Multiple (TTM)6.1x

P/E Ratio (TTM)21.1x

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$6.1B	$2.7B	$2.3B
Q2 23	$6.0B	$2.6B	$2.2B
Q3 23	$5.9B	$2.6B	$2.2B
Q4 23	$6.2B	$2.8B	$2.4B
Q1 24	$6.0B	$2.7B	$2.4B
Q2 24	$6.0B	$2.7B	$2.4B
Q3 24	$6.1B	$2.8B	$2.4B
Q4 24	$6.1B	$2.8B	$2.5B
Q1 25	$6.0B	$2.7B	$2.4B
Q2 25	$6.2B	$2.8B	$2.5B
Q3 25	$6.2B	$2.9B	$2.5B
Q4 25	$6.1B	$2.7B	$2.4B

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	6.0x	21.5x
Q2 23	6.1x	22.3x
Q3 23	6.2x	23.6x
Q4 23	6.2x	23.6x
Q1 24	6.2x	23.5x
Q2 24	6.2x	23.1x
Q3 24	6.2x	22.7x
Q4 24	6.2x	22.3x
Q1 25	6.2x	22.3x
Q2 25	6.2x	21.7x
Q3 25	6.1x	21.3x
Q4 25	6.1x	21.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$1.8B	$1.1B
Q2 23	$2.0B	$1.2B
Q3 23	$2.1B	$1.2B
Q4 23	$2.4B	$1.4B
Q1 24	$2.1B	$1.3B
Q2 24	$1.9B	$1.0B
Q3 24	$2.7B	$1.8B
Q4 24	$2.7B	$1.7B
Q1 25	$2.2B	$1.3B
Q2 25	$2.3B	$1.4B
Q3 25	$2.5B	$1.6B
Q4 25	$2.2B	$1.2B

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$772M
Q2 23	$835M
Q3 23	$975M
Q4 23	$1.0B
Q1 24	$797M
Q2 24	$902M
Q3 24	$831M
Q4 24	$922M
Q1 25	$906M
Q2 25	$936M
Q3 25	$950M
Q4 25	$999M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+3.3%	+8.0%
Q2 23	-4.9%	-0.4%
Q3 23	-9.5%	-4.3%
Q4 23	-0.3%	-0.4%
Q1 24	-0.4%	-2.7%
Q2 24	+0.7%	-3.8%
Q3 24	+2.5%	-2.2%
Q4 24	-0.6%	-4.2%
Q1 25	-0.1%	-0.1%
Q2 25	+2.4%	+0.6%
Q3 25	+2.5%	+0.4%
Q4 25	-0.6%	+2.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$28M	0.5%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	S&M	SG&A
Q1 23	$371M	—
Q2 23	—	$351M
Q3 23	—	$378M
Q4 23	—	$361M
Q1 24	$370M	—
Q2 24	—	$336M
Q4 25	—	$344M

Revenue Segments

Quarter	Accessorial Revenues	Bulk	Industrial	Other Miscellaneous Product and Service Revenues	Other Subsidiary Revenues	Premium
Q1 23	$151M	$1.9B	$2.0B	$14M	$235M	$1.7B
Q2 23	$149M	$1.8B	$2.1B	$25M	$220M	$1.7B
Q3 23	$142M	$1.8B	$2.1B	$28M	$226M	$1.7B
Q4 23	$142M	$1.9B	$2.1B	$25M	$191M	$1.8B
Q1 24	$174M	$1.8B	$2.1B	$24M	$217M	$1.7B
Q2 24	$131M	$1.7B	$2.1B	$26M	$212M	$1.8B
Q3 24	$122M	$1.8B	$2.1B	$22M	$179M	$1.8B
Q4 24	$127M	$1.9B	$2.1B	$25M	$180M	$1.8B
Q1 25	$118M	$1.8B	$2.1B	$24M	$194M	$1.8B
Q2 25	$107M	$1.9B	$2.2B	$23M	$181M	$1.7B
Q3 25	$124M	$1.9B	$2.2B	$21M	$172M	$1.8B
Q4 25	$126M	$1.9B	$2.1B	$29M	$171M	$1.7B

Revenue by Geography

Quarter	Mexico	United States
Q2 25	$751M	$5.4B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$1.1B	$0	$1.1B
Q2 23	$830M	$0	$830M
Q3 23	$750M	$16M	$766M
Q4 23	$1.1B	$16M	$1.1B
Q1 24	$925M	$20M	$945M
Q2 24	$1.1B	$20M	$1.2B
Q3 24	$947M	$20M	$967M
Q4 24	$1.0B	$20M	$1.0B
Q1 25	$1.4B	$0	$1.4B
Q2 25	$1.1B	$0	$1.1B
Q3 25	$808M	$0	$808M
Q4 25	$1.3B	$250M	$1.5B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	612M	-0.4%
Q2 23	610M	-0.3%
Q3 23	610M	+0.0%
Q4 23	610M	+0.0%
Q1 24	610M	+0.0%
Q2 24	610M	+0.0%
Q3 24	609M	-0.3%
Q4 24	609M	+0.0%
Q1 25	602M	-1.1%
Q2 25	595M	-1.2%
Q3 25	593M	-0.3%
Q4 25	594M	+0.1%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$508K	47K
FY 15	$460K	47K
FY 16	$465K	43K
FY 17	$506K	42K
FY 18	$544K	42K
FY 19	$579K	37K
FY 20	$631K	31K
FY 21	$679K	32K
FY 22	$750K	33K
FY 23	$731K	33K
FY 24	$748K	32K
FY 25	$837K	29K