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Union Pacific UNP Free cash flow

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Other financials

Income statement

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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

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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

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Operating cash flow$2.4B+10.4%
CapEx$937.0M+3.4%

Valuation

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Market cap$158.95B+19.6%
Enterprise value$159.07B-3.8%
P/E22×+2.3×
P/S6.4×+1.0×

Profitability

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Operating margin40.2%+0.2pp
Net margin29.2%+1.4pp
FCF margin23.1%-1.2pp

Returns & leverage

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Return on equity40.7%-1.8pp
Debt / equity-2.1×
Current ratio0.9×+0.2×

Where this comes from

Calculated from Union Pacific’s reported figures.

The official record: Union Pacific’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Union Pacific's free cash flow?
Union Pacific (UNP) reported free cash flow of $1.5B in Q1 2026.
How has Union Pacific's free cash flow changed year-over-year?
Union Pacific's free cash flow increased by 15.3% year-over-year, from $1.3B to $1.5B.
What is the long-term trend for Union Pacific's free cash flow?
Over 4 years (2021 to 2025), Union Pacific's free cash flow has grown at a -2.5% compound annual growth rate (CAGR), from $6.1B to $5.5B.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.