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Union Pacific UNP Free cash flow margin

Free cash flow margin at other companies

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19.3%+4.1pp
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13%-3.6pp
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6.4%
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-60.9%-4.9pp
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-0.5%

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

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

Calculated from Union Pacific’s reported figures.

Based on trailing twelve months.

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 free cash flow margin?
Union Pacific (UNP) reported free cash flow margin of 25.6% in Q2 2026.
How has Union Pacific's free cash flow margin changed year-over-year?
Union Pacific's free cash flow margin decreased by 0.3% year-over-year, from 25.7% to 25.6%.
What is the long-term trend for Union Pacific's free cash flow margin?
Over 4 years (2020 to 2025), Union Pacific's free cash flow margin has grown at a -6.0% compound annual growth rate (CAGR), from 28.7% to 22.4%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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