Union Pacific Corp (UNP)
Industrials · Rail Transportation · US stock · S&P 500 component
$289.04
▲ +0.33 (0.11%)
Fair valueFair
$285 −1.3% to fair value
$143fair band $200–$371$428
Day's range
$286.46 – $291.93
52-week range
$211.08 – $314.53
About Union Pacific Corp
Union Pacific runs a freight railroad network across the western United States, linking ports, mines, farms, factories and cities, and connecting with railroads in Canada and Mexico. It moves bulk commodities such as grain, coal and chemicals, industrial goods such as lumber and metals, and premium traffic including containers and automobiles. Customers are shippers, from agricultural producers and chemical firms to retailers and automakers, who pay to move their goods by rail.
Revenue comes from freight charges per shipment, with fuel surcharges added. Sales were $25.4 billion over the last twelve months, with growth of -0.5% a year over the last three years. The operating margin is 40.0%, and the business earns a profit of 16% on the capital invested in it. Net debt is 2.8 times EBITDA. The dividend yield is 1.9%. On the site's X-Ray Score it receives 49 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $211.08 – $314.53Volume 2,657,700Daily, split-adjusted
Vitals
Market cap$171.7B
52-week range$211.08 – $314.53
Volume (last day)2,657,700
P/E (TTM)23.4
EBIT / EV yield5.1%
Free-cash-flow yield3.8%
Dividend yield1.9%
Revenue (TTM)$25.4B
Net income (TTM)$7.3B
Operating margin40.0%
Return on capital15.9%
Debt incl. leases$30.3B
Cash & securities$1.6B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$285model spread $266 – $309
Fair
−1.3% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Price $289
Undervalued < $200Fair $200 – $371Overvalued > $371
10-year DCF (market-scaled)
$274
Peer multiples
$325
Earnings power floor (not blended)
$111
Fundamentals-adjusted multiple
$258
Growth the price implies
15.2%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Industrials peers. Open a lens to see the numbers behind it.
Valuation
Fair
54/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield5.1%
Free-cash-flow yield3.8%
Fair value vs price1.0×
Growth
Weak
24/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)-0.5%
EPS growth (3y)2.2%
Growth consistency60%
Profitability
Fair
65/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital15.9%
Operating margin40.0%
Financial health
Weak
50/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score8 / 9
Net debt / EBITDA2.8×
Interest cover7.9×
Dividends
Weak
43/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield1.9%
Dividends vs free cash flow51%
Dividend growth0.8%
Quarterly results: last 6 quarters
-0.1%
Mar '25
+2.4%
Jun '25
+2.5%
Sep '25
-0.6%
Dec '25
+3.2%
Mar '26
+11.5%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $6.9B, diluted EPS $3.36.
Compare with peers
CSX Csx Corp32 NSC Norfolk Southern Corp31Other Rail Transportation companies by X-Ray Score.
Fundamentals checklist
● 3 Good · ● 6 Average · ● 6 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldAverage
Risk models
Altman Z''Good
Piotroski F-ScoreGood
Growth
EPS growth (3y)Average
Free-cash-flow growth (3y)Bad
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Current ratioBad
Net debt / EBITDABad
Interest coverBad
Valuation
Fair value vs priceAverage
EBIT / EV yieldAverage
Profitability
Return on invested capitalAverage
Operating marginGood
Each check is graded against the company's sector, not a fixed number. Checklist score 48/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $21.8B | $24.9B | $24.1B | $24.3B | $24.5B |
| Operating income | $9.3B | $9.9B | $9.1B | $9.7B | $9.8B |
| Net income | $6.5B | $7.0B | $6.4B | $6.7B | $7.1B |
| Operating cash flow | $9.0B | $9.4B | $8.4B | $9.3B | $9.3B |
| Operating margin | 42.8% | 39.9% | 37.7% | 40.1% | 40.2% |
| Free cash flow | $6.1B | $5.7B | $4.8B | $5.9B | $5.5B |
| Diluted EPS | $9.95 | $11.21 | $10.45 | $11.09 | $11.98 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bullish
12 bullish · 1 neutral · 3 bearish
Weekly
Strongly bullish
10 bullish · 1 neutral · 1 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 281.3 | Bullish |
| EMA 10 | 282.9 | Bullish |
| SMA 20 | 277.6 | Bullish |
| EMA 20 | 281.5 | Bullish |
| SMA 50 | 287.3 | Bullish |
| EMA 50 | 283.1 | Bullish |
| SMA 100 | 282.8 | Bullish |
| EMA 100 | 279.5 | Bullish |
| SMA 200 | 265.2 | Bullish |
| EMA 200 | 267.8 | Bullish |
Oscillators (daily)
| RSI (14) | 63.13 | Neutral |
| MACD (12, 26) | 0.34 | Bullish |
| Momentum (12) | 6.21 | Bullish |
| Stochastic %K (14) | 87.57 | Bearish |
| Williams %R (14) | -12.43 | Bearish |
| CCI (20) | 201.3 | Bearish |
Pivot points (classic, last session)
S3 280.9 | S2 283.7 | S1 286.4 | Pivot 289.1 | R1 291.8 | R2 294.6 | R3 297.3 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
5.56 USD
Yield on today's price
1.92%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 31 Aug 2026 | 1.4200 |
| 29 May 2026 | 1.3800 |
| 27 Feb 2026 | 1.3800 |
| 5 Dec 2025 | 1.3800 |
| 29 Aug 2025 | 1.3800 |
| 30 May 2025 | 1.3400 |
| 28 Feb 2025 | 1.3400 |
| 9 Dec 2024 | 1.3400 |
| 30 Aug 2024 | 1.3400 |
| 31 May 2024 | 1.3000 |
| 28 Feb 2024 | 1.3000 |
| 7 Dec 2023 | 1.3000 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
UNP SEC filings
16 Oct 2026
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
23 Jul 2026
10-QSEC EDGAR
Quarterly report
23 Jul 2026
8-KSEC EDGAR
Results of operations
18 May 2026
8-KSEC EDGAR
Shareholder vote results
23 Apr 2026
10-QSEC EDGAR
Quarterly report
23 Apr 2026
8-KSEC EDGAR
Results of operations
25 Mar 2026
DEF 14ASEC EDGAR
Proxy statement
6 Feb 2026
10-KSEC EDGAR
Annual report
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.