Union Pacific (UNP) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Union Pacific

NYSE•Industrials•Railroads

$303.43-3.57(-0.01%)After hours

Market Cap

$180.83B

P/E

23.7x

P/S

6.9x

P/B

8.2x

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. It offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, and ethanol and renewable biofuel producers; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers. The company was founded in 1862 and is headquartered in Omaha, Nebraska.

How this company scores

GoodMetricSide Score: 79/100

Strongest: Profitability (25/25); weakest: Balance Sheet & Red Flags (14/25).

Profitability25/25

Growth19/25

Balance Sheet & Red Flags14/25

Cash & Earnings Quality21/25

Strengths

Strong marginsHigh ROEConsistent free cash flowProfit converts from growth

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 23.7x5y range 17.3x – 25.7x

Currently near its 20-quarter median.

P/S · 6.9x5y range 4.8x – 7.6x

Currently near its 20-quarter median.

P/B · 8.2x5y range 7.3x – 14.7x

Currently near its 20-quarter median.

Price & Volume

Market Cap $180.83B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $26.36B
Q. Revenue: $7.20B
TTM EBITDA: $10.56B
TTM Op. Income: $10.56B
Q. Op. Income: $2.94B
TTM Net Income: $7.62B
Q. Net Income: $2.08B
EPS: $3.5
Shares Out.: $593.70M

$26.36B in TTM revenue grew 7.4% YoY, reaching $7.20B last quarter. TTM EBITDA of $10.56B and TTM operating income of $10.56B show growth is flowing through to the bottom line. TTM net income of $7.62B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 3 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 40.9%
Op. Margin: 40.9%
Net Margin: 28.8%

Op. margin of 40.9% is up 0.1% YoY — cost efficiency is improving. Net margin at 28.8% Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 23.7x
P/S Ratio: 6.9x
P/B Ratio: 8.2x

At 23.7x P/E, the stock trades within typical market levels. P/S of 6.9x and P/B of 8.2x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 3 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $72.61B
Cash: $2.21B
Long-Term Debt: $29.04B
Book Value: $22.02B
D/E Ratio: 1.3
Debt/EBITDA: 9.9

With $72.61B in assets and $29.04B in long-term debt, D/E is 1.3and book value is $22.02B — moderate leverage. Across the last 8 quarters, debt/equity has fallen for 6 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $2.79B
TTM Free Cash Flow: $6.69B
FCF Margin: 25.4%
FCF / Net Income: 0.9

TTM FCF of $6.69B on $2.79B in operating cash flow. The FCF / Net Income ratio of 0.9x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.