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Union Pacific UNP Equity Method Investments

Equity Method Investments at other companies

CSX logo
CSXCSX
$2.68B
Norfolk Southern logo
Norfolk SouthernNSC
$4.16B
ITT logo
ITTITT
$44M+4.8%
Berkshire Hathaway logo
Berkshire HathawayBRK.B

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$175.57B+31.3%
Enterprise value$205.13B+23.1%
P/E24×+4.7×
P/S6.9×+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
Debt / equity1.5×-0.6×
Current ratio+0.3×

Where this comes from

Reported directly by Union Pacific in its filing.

Tagged under the XBRL concept us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures.

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

Filed
Jul 23, 2026, 3:48 PM EDT
Fiscal quarter
Q4 FY2026
Calendar quarter
Q4 2026
Accession
0000100885-26-000250
Millions, except share and per share amountsJun. 30,2026Dec. 31,2025
Materials and supplies919787
Other current assets370392
Total current assets5,5334,555
Investments2,9772,885
Properties, net (Note 11)60,19959,645
Operating lease assets8751,036
Other assets1,6271,577
Total assets$71,211$69,698

Item 1. Condensed Consolidated Financial Statements

FAQ

What is Union Pacific's equity method investments?
Union Pacific (UNP) reported equity method investments of $2.98B in Q2 2026.
How has Union Pacific's equity method investments changed year-over-year?
Union Pacific's equity method investments increased by 6.9% year-over-year, from $2.79B to $2.98B.
What is the long-term trend for Union Pacific's equity method investments?
Over 5 years (2020 to 2025), Union Pacific's equity method investments has grown at a 5.9% compound annual growth rate (CAGR), from $2.16B to $2.89B.
What does equity method investments mean?
Investments in unconsolidated affiliates and joint ventures where the company has significant influence (typically 20-50% ownership), carried at proportional book value.

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