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Union Pacific UNP Net debt / EBITDA

Net debt / EBITDA at other companies

Canadian Pacific Kansas City logo
Canadian Pacific Kansas CityCP
3.2×
CSX logo
CSXCSX
2.8×+2.8×
Norfolk Southern logo
Norfolk SouthernNSC
2.9×
Berkshire Hathaway logo
Berkshire HathawayBRK.B
0.1×0.0×
LSB Industries logo
LSB IndustriesLXU
-4.8×
Icahn Enterprises logo
Icahn EnterprisesIEP

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
Debt / equity1.5×-0.6×
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 net debt / EBITDA?
Union Pacific (UNP) reported net debt / EBITDA of 2.3× in Q2 2026.
How has Union Pacific's net debt / EBITDA changed year-over-year?
Union Pacific's net debt / EBITDA decreased by 13.1% year-over-year, from 2.7× to 2.3×.
What is the long-term trend for Union Pacific's net debt / EBITDA?
Over 4 years (2020 to 2025), Union Pacific's net debt / EBITDA has grown at a -2.0% compound annual growth rate (CAGR), from 2.8× to 2.6×.
What does net debt / EBITDA mean?
Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

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