What is Union Pacific's D&A?

Union Pacific (UNP) reported D&A of $624M in Q4 2025.

How has Union Pacific's D&A changed year-over-year?

Union Pacific's D&A increased by 3.0% year-over-year, from $606M to $624M.

What is the long-term trend for Union Pacific's D&A?

Over 3 years (2022 to 2025), Union Pacific's D&A has grown at a 3.1% compound annual growth rate (CAGR), from $2.25B to $2.47B.

Non-cash expense representing the systematic allocation of tangible asset costs (depreciation) and intangible asset costs (amortization) over their useful lives.

Union Pacific UNP D&A

Discontinued — last reported Q4 '25

D&A at other companies

Canadian Pacific Kansas CityCP

$512M+1.6%

CSXCSX

$415M-2.4%

FIP

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$50.69M+103%

Norfolk SouthernNSC

——

Berkshire HathawayBRK.B

——

WabtecWAB

——

Segments

By segment

See full

Reportable Segment$633M+3.8%

Other financials

Income statement

See full

Revenue$6.2B+3.2%

Operating income$2.5B+3.7%

Net income$1.7B+4.6%

EPS (diluted)$2.87+6.3%

Balance sheet

See full

Cash & equivalents$735.0M-47.9%

Total debt$854.0M-97.5%

Total equity$19.4B+21.1%

Total assets$69.6B+1.7%

Cash flow

See full

Operating cash flow$2.4B+10.4%

CapEx$937.0M+3.4%

Free cash flow$1.5B+15.3%

Valuation

See full

Market cap$158.95B+19.6%

Enterprise value$159.07B-3.8%

P/E22×+2.3×

P/S6.4×+1.0×

Profitability

See full

Operating margin40.2%+0.2pp

Net margin29.2%+1.4pp

FCF margin23.1%-1.2pp

Returns & leverage

See full

Return on equity40.7%-1.8pp

Debt / equity0×-2.1×

Current ratio0.9×+0.2×

Where this comes from

Reported directly by Union Pacific in its filing.

Tagged under the XBRL concept us-gaap:Depreciation.

The official record: Union Pacific’s 10-K, filed February 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Union Pacific's D&A?: Union Pacific (UNP) reported D&A of $624M in Q4 2025.
How has Union Pacific's D&A changed year-over-year?: Union Pacific's D&A increased by 3.0% year-over-year, from $606M to $624M.
What is the long-term trend for Union Pacific's D&A?: Over 3 years (2022 to 2025), Union Pacific's D&A has grown at a 3.1% compound annual growth rate (CAGR), from $2.25B to $2.47B.
What does D&A mean?: Non-cash expense representing the systematic allocation of tangible asset costs (depreciation) and intangible asset costs (amortization) over their useful lives.