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Union Pacific UNP Debt-to-equity

Debt-to-equity at other companies

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Canadian Pacific Kansas CityCP
0.1×
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1.6×+1.6×
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Berkshire HathawayBRK.B
0.0×
FIP
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180.7×+173×
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0.9×-0.2×

Other financials

Income statement

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Revenue$6.9B+11.5%
Operating income$2.8B+9.4%
Net income$2.0B+6.2%
EPS (diluted)$3.36+6.7%

Balance sheet

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Cash & equivalents$1.6B+52.3%
Total debt$31.2B-8.2%
Total equity$20.7B+27.2%
Total assets$71.2B+3.8%

Cash flow

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Operating cash flow$3.1B+31.8%
CapEx$873.0M-6.7%
Free cash flow$2.2B+57.7%

Valuation

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Market cap$173.55B+31.8%
Enterprise value$203.1B+23.4%
P/E23.7×+4.7×
P/S6.8×+1.4×

Profitability

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Operating margin40%-0.3pp
Net margin28.8%+0.4pp
FCF margin25.6%-0.1pp

Returns & leverage

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Return on equity39.7%-2.7pp
Current ratio+0.3×

Where this comes from

Calculated from Union Pacific’s reported figures.

Based on the most recent quarter.

The source filing: Union Pacific’s 10-Q, filed July 23, 2026. Open the filing →

Filed
Jul 23, 2026, 3:48 PM EDT
Fiscal quarter
Q4 FY2026
Calendar quarter
Q4 2026
Accession
0000100885-26-000250

FAQ

What is Union Pacific's debt-to-equity?
Union Pacific (UNP) reported debt-to-equity of 1.5× in Q2 2026.
How has Union Pacific's debt-to-equity changed year-over-year?
Union Pacific's debt-to-equity decreased by 27.8% year-over-year, from 2.1× to 1.5×.
What is the long-term trend for Union Pacific's debt-to-equity?
Over 5 years (2020 to 2025), Union Pacific's debt-to-equity has grown at a 0.3% compound annual growth rate (CAGR), from 1.8× to 1.8×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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