MARKETS / NYSE / UNP
NYSE · RAILROADS, LINE-HAUL OPERATING · LARGE CAP

Union Pacific Corp. UNP

19 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY12 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$24.5B
▲ 1.1% vs FY2024
Dividend streak
12 yrs
Raised every year since 2014
EPS · FY25
Dividend / sh · FY25
$5.44
Payout · FY25
45%
ROE · FY25
40.4%
Net margin · FY25
29.1%
Dividend coverage
2.2×
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Result
USD 24.5B
Revenue, FY2025 · full 19-year series below
Revenue Net income
816243224.57.12007201020132016201920222025
816243224.57.12016201920222025

29 cents of every revenue dollar became profit this year.

Per share
Diluted EPS, FY2025
EPS Dividend
2465.442007201020132016201920222025
2465.442016201920222025

Earnings covered the dividend 2.2 times — the rest stayed in the company.

Profitability
40.4%
Return on equity, FY2025
ROE
20406040.4%2007201020132016201920222025
20406040.4%2016201920222025
Operating margin40.2%
Net margin29.1%
Return on assets10.4%

Each USD of equity produced 40 cents of profit this year.

Returned to shareholders
USD 5.9B
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 3.2B
Net buybacksUSD 2.6B
Share of profit82.2%
Consecutive raises12 years

USD 3.2B in dividends and USD 2.6B in buybacks — 82% of the year's profit went back to shareholders.

Growth
+4.6% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−0.5%
+4.6%
+1.2%
+2.5%
Net income
+0.7%
+5.9%
+4.1%
+6.5%
EPS, diluted
+2.2%
+8.7%
+8.1%
Dividend / share
+2.3%
+7.0%
+9.5%
Returned to shareholders
−14.6%
−1.2%
+0.1%
+16.4%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2025
Change, 5 years−11.6%
Change, 10 years−30.1%

The share count shrank 12% in five years — the same company, cut into fewer, larger slices.

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Balance sheet
USD 69.7B
total assets, end of FY2025
Total assetsUSD 69.7B
EquityUSD 18.5B
CashUSD 1.3B
Gross debtUSD 31.8B
Net debtUSD 30.5B
Current ratio0.91×

Net debt stands at 165% of equity.

History
19 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
Revenue $B
24.5
24.2
24.1
24.9
21.8
19.5
21.7
22.8
21.2
19.9
21.8
24.0
22.0
20.9
19.6
17.0
14.1
18.0
16.3
Operating income $B
9.8
9.7
9.1
9.9
9.3
7.8
8.6
8.5
8.1
7.2
8.1
8.8
7.4
6.7
5.7
5.0
3.4
4.1
3.4
EBITDA $B
12.3
12.1
11.4
12.2
11.5
10.0
10.8
10.7
10.2
9.3
10.1
10.7
9.2
8.5
7.3
6.5
4.8
5.4
4.7
Income tax $B
2.0
2.0
1.9
2.1
2.0
1.6
1.8
1.8
−3.1
2.5
2.9
3.2
2.7
2.4
2.0
1.7
1.1
1.3
1.2
Net income $B
7.1
6.7
6.4
7.0
6.5
5.3
5.9
6.0
10.7
4.2
4.8
5.2
4.4
3.9
3.3
2.8
1.9
2.3
1.9
EPS, diluted $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Dividend / sh $
5.44
5.28
5.20
5.08
4.29
3.88
3.70
3.06
2.48
2.25
2.20
1.91
1.48
1.25
1.93
1.31
1.08
0.98
0.74
Payout %
45
48
50
45
43
49
44
39
19
44
49
32
30
29
25
22
29
21
20
ROE %
40.4
42.6
47.3
53.2
41.9
30.5
30.7
26.4
47.8
20.8
22.8
24.4
21.4
20.5
18.1
16.1
11.7
15.1
·
Shares out B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
55 of 55
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed