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Union Pacific UNP Business Segments — Depreciation

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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%
Free cash flow$1.5B+15.3%

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

Reported directly by Union Pacific in its filing.

Tagged under the XBRL concept us-gaap:Depreciation.

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 business segments — depreciation?
Union Pacific (UNP) reported business segments — depreciation of $633M in Q1 2026.
How has Union Pacific's business segments — depreciation changed year-over-year?
Union Pacific's business segments — depreciation increased by 3.8% year-over-year, from $610M to $633M.
What is the long-term trend for Union Pacific's business segments — depreciation?
Over 3 years (2022 to 2025), Union Pacific's business segments — depreciation has grown at a 3.1% compound annual growth rate (CAGR), from $2.25B to $2.47B.
What does business segments — depreciation mean?
This represents the systematic allocation of the cost of long-lived assets, such as locomotives, track infrastructure, and facilities, over their useful lives. It reflects the capital-intensive nature of the railroad industry.