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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
25.1%-1.0pp
Berkshire Hathaway logo
Berkshire HathawayBRK.B
10.4%-4.9pp
Wabtec logo
WabtecWAB
8.7%-0.3pp
Parker-Hannifin logo
Parker-HannifinPH
17.3%+1.2pp

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%
Free cash flow$1.5B+15.3%

Valuation

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Market cap$153.21B+1.7%
Enterprise value$153.33B-17.2%
P/E21.2×-1.1×
P/S6.2×0.0×

Profitability

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Operating margin40.2%+0.2pp
Net margin29.2%+1.4pp

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.

Based on trailing twelve months.

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 return on invested capital?
Union Pacific (UNP) reported return on invested capital of 22.7% in Q1 2026.
How has Union Pacific's return on invested capital changed year-over-year?
Union Pacific's return on invested capital increased by 47.2% year-over-year, from 15.4% to 22.7%.
What is the long-term trend for Union Pacific's return on invested capital?
Over 2 years (2023 to 2025), Union Pacific's return on invested capital has grown at a -0.3% compound annual growth rate (CAGR), from 62.9% to 62.6%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.