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Union Pacific UNP Return on invested capital

Return on invested capital at other companies

Canadian Pacific Kansas City logo
Canadian Pacific Kansas CityCP
8.2%-1.9pp
CSX logo
CSXCSX
17.9%-18.0pp
Norfolk Southern logo
Norfolk SouthernNSC
15.4%-10.7pp
Berkshire Hathaway logo
Berkshire HathawayBRK.B
10.4%-4.9pp
LSB Industries logo
LSB IndustriesLXU
6.6%+5.7pp
Primoris Services logo
Primoris ServicesPRIM
12.1%+1.4pp

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 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 return on invested capital?
Union Pacific (UNP) reported return on invested capital of 15.8% in Q2 2026.
How has Union Pacific's return on invested capital changed year-over-year?
Union Pacific's return on invested capital increased by 0.7% year-over-year, from 15.7% to 15.8%.
What is the long-term trend for Union Pacific's return on invested capital?
Over 4 years (2020 to 2025), Union Pacific's return on invested capital has grown at a 3.9% compound annual growth rate (CAGR), from 13.3% to 15.6%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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