Stocks · Industrials · Railroads

Union Pacific Corporation UNP

$278.28 +2.15% Close, Oct 2, 2026 · NYSE · Market cap $165.32B

High qualityLow risk

Next earnings report: Oct 22, 2026

Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.

Three things to know

  1. The stock is in an uptrend: above its 200-day average for 177 trading days, with the 50-day average above the 200-day.
  2. Revenue over the last four quarters was $25.41B, up 4.2% from a year earlier, accelerating from 1.9% a quarter earlier.
  3. Diluted EPS over the last four quarters was $12.35, up 7.3% year over year.

PromtFinance scores

Each score is a percentile within the Industrials sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.

Growth32Weak

How fast revenue, earnings and cash flow are growing.

  • Revenue growth (TTM, YoY)Bottom 34%
  • EPS growth (TTM, YoY)Bottom 47%
  • FCF growth (TTM, YoY)Bottom 45%
  • Revenue growth, 3-year CAGRBottom 26%
  • Revenue growth accelerationTop 40%
Quality88Strong

Returns on capital, margins, earnings quality and balance-sheet strength.

  • Return on invested capitalTop 21%
  • Gross marginTop 16%
  • Operating marginTop 1%
  • Cash conversion (OCF / net income)Bottom 44%
  • Accruals (lower is better)Bottom 50%
  • Net debt / EBITDA (lower is better)Bottom 46%
  • Interest coverTop 30%
Value50Neutral

How cheap the shares are relative to earnings, cash flow and their own history.

  • Earnings yieldTop 24%
  • Free-cash-flow yieldTop 42%
  • EBITDA / enterprise valueTop 42%
  • Sales / enterprise valueBottom 9%
  • P/E vs own 5-year history (lower is better)Bottom 44%
Momentum68Positive

Strength and persistence of the price trend, including versus the S&P 500.

  • 12-month return excluding last monthTop 36%
  • 6-month returnTop 36%
  • 1-year return vs S&P 500Top 40%
  • Distance from 52-week highTop 19%
  • Trend checklist (0–4)Top 42%
Revisions40Weak

Earnings surprises and analyst sentiment (estimate-revision history is being collected).

  • Average EPS surprise, last 4 quartersBottom 40%
  • Consecutive EPS beatsTop 45%
  • Share of analysts rating BuyTop 45%
  • Upside to consensus price targetBottom 31%
Stability96Exceptional

Low volatility, shallow drawdowns, low market sensitivity and modest leverage.

  • Volatility, 60 days (lower is better)Top 4%
  • Maximum drawdown, 3 yearsTop 1%
  • Beta vs S&P 500 (lower is better)Top 10%
  • Net debt / EBITDA (lower is better)Bottom 46%

What changed

Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).

MeasureBeforeNow
Revenue growth (YoY)1.9%4.2%↑
EPS growth (YoY)9.4%7.3%↓
Gross margin45.7%45.5%↓
Operating margin40.3%39.9%↓
FCF margin25.7%25.6%↓

Fundamental momentum

MeasureNow (TTM)Year / quarter beforeSector rank
Revenue growth (TTM, YoY)4.2%1.9%↑Bottom 34%
EPS growth (TTM, YoY)7.3%9.4%↓Bottom 47%
Gross margin45.5%45.7%↓Top 16%
Operating margin39.9%40.3%↓Top 1%
Net margin28.8%28.4%↑—
Free-cash-flow margin25.6%25.7%↓—
Return on invested capital11.7%—Top 21%
Revenue growth, 3-year CAGR-0.5%—Bottom 26%

Quality of earnings and balance sheet

Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
1.40×
Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
-4.1%
Stock-based compensation / revenueA cost to shareholders through dilution.
0.0%
Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
+7.1 pp
Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
2.22×
Interest cover (operating income / interest)How many times operating profit covers interest.
7.9×

Shareholder returns

Dividend yield (dividends paid, TTM)
1.98%
Net buyback yield (TTM)
-0.49%
Shareholder yield
1.50%
Share count change, 1 year
-0.1%
Share count change, 3-year CAGR
-0.9%

Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.

Based on the four quarters through Jun 30, 2026 (filed Jul 23, 2026).

Earnings and expectations

Earnings momentum

Consecutive EPS beats
2
Beats in the last 8 reports
5 of 8
Average EPS surprise, last 4
+2.5%
Average 2-day reaction, last 8
+0.7%
Positive 20 days after report
5 of 8

Analysts

Consensus price target
$332.10
Target vs current price
+19.3%
Analysts with a rating
47
Share rating Buy or Strong Buy
62%
Consensus rating
Buy

How the stock reacted to recent reports

Report dateEPS surprise2 days5 days20 days60 days
Jul 23, 2026+4.6%+4.0%-0.1%+3.2%—
Apr 23, 2026+2.4%+8.8%+6.2%+6.6%+18.8%
Jan 27, 2026+0.0%+0.7%+1.9%+15.5%+8.0%
Oct 23, 2025+3.0%-2.3%-3.9%-1.8%-1.6%
Jul 24, 2025+4.1%-4.5%-2.5%-2.3%-3.0%
Apr 24, 2025-1.5%-2.0%-1.9%+1.7%+2.8%
Jan 23, 2025+5.4%+5.2%+5.8%+5.0%-6.6%
Oct 24, 2024-1.1%-4.4%-3.8%-3.2%-2.3%

Returns from the close before each report. Past reactions do not determine future ones.

Earnings history

Report dateEPSEstimateSurpriseRevenue
Jul 23, 2026$3.41$3.26+4.6%$6.86B
Apr 23, 2026$2.93$2.86+2.4%$6.22B
Jan 27, 2026$2.86$2.86+0.0%$6.08B
Oct 23, 2025$3.08$2.99+3.0%$6.24B
Jul 24, 2025$3.03$2.91+4.1%$6.15B
Apr 24, 2025$2.70$2.74-1.5%$6.03B
Jan 23, 2025$2.91$2.76+5.4%$6.12B
Oct 24, 2024$2.75$2.78-1.1%$6.09B

Valuation in context

MultipleNow5-year median5-year percentileSector rank (cheapness)
P/E (trailing)22.5×21.7×67thTop 24%
P/E (forward)21.3×———
EV / EBITDA14.6×——Top 42%
EV / Sales7.67×——Bottom 9%
Free-cash-flow yield3.93%——Top 42%
Earnings yield4.44%——Top 24%

P/E over the past five years

Range 16.6× – 25.0× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.

What moved the stock over the past year

Price return, 1 year
+18.5%
Earnings per share growth (TTM)
+7.3%
Change in P/E multiple
+28.6%

Most of the move came from a change in the valuation multiple.

Technical state

Trend checklist

  • ✗ Price above 20-day average
  • ✗ Price above 50-day average
  • ✓ Price above 200-day average
  • ✓ 50-day average above 200-day
  • ✓ MACD histogram positive

Trend quality

Days above the 50-day average
0
Days above the 200-day average
177
50-day average slope (20 days)
-0.9%
200-day average slope (20 days)
+1.9%
Distance from 50-day average
-4.2%
Distance from 200-day average
+5.1%
RSI (14)
44.3
Relative volume
1.25×

Risk and drawdowns

Volatility, 60 days (annualized)
21.6%
Volatility vs own 5-year history
48th percentile · Normal for this stock
Beta vs S&P 500 (2 years, weekly)
0.52
Correlation with S&P 500
0.35
Current drawdown from 1-year high
-10.4%
Maximum drawdown, 3 years
-18.9%

Largest declines in the past six years

From peakTo lowDeclineLengthRecovery
Mar 30, 2022Mar 22, 2023-32.9%245 days797 days (May 27, 2026)
Oct 16, 2020Oct 28, 2020-17.4%8 days48 days (Jan 7, 2021)
May 7, 2021Sep 30, 2021-14.6%101 days15 days (Oct 21, 2021)
Aug 26, 2026Sep 21, 2026-13.2%17 daysNot yet recovered
Jan 8, 2021Jan 27, 2021-11.2%12 days41 days (Mar 26, 2021)

Declines of 10% or more from a closing high, measured on daily closes.

Financial statements

Market cap
$165.32B
P/E (TTM)
22.5
EPS, diluted (TTM)
$12.35
Revenue (TTM)
$25.41B
Dividend yield
2.00%
52-week range
$215.53 – $315.99
FY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$21.80B$24.88B$24.12B$24.25B$24.51B
Gross profit$10.51B$11.21B$10.53B$11.04B$14.55B
Operating income$9.34B$9.92B$9.08B$9.71B$9.84B
Net income$6.52B$7.00B$6.38B$6.75B$7.14B
EPS (diluted)$9.95$11.21$10.45$11.09$11.97
Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Revenue$6.09B$6.12B$6.03B$6.15B$6.24B$6.08B$6.22B$6.86B
Net income$1.67B$1.76B$1.63B$1.88B$1.79B$1.85B$1.70B$1.99B
EPS (diluted)$2.75$2.91$2.70$3.15$3.01$3.11$2.87$3.36
FY 2021FY 2022FY 2023FY 2024FY 2025
Operating cash flow$9.03B$9.36B$8.38B$9.35B$9.29B
Capital expenditure-$2.94B-$3.62B-$3.61B-$3.45B-$3.79B
Free cash flow$6.10B$5.74B$4.77B$5.89B$5.50B
Dividends paid-$2.80B-$3.16B-$3.17B-$3.21B-$3.24B
Net share buybacks-$7.29B-$6.28B-$705.0M-$1.50B-$2.68B

Cash outflows are shown as negative numbers.

Cash and short-term investments
$2.11B
Total assets
$71.21B
Total liabilities
$50.54B
Total debt
$31.17B
Net debt
$29.55B
Shareholders’ equity
$20.67B

As of Jun 30, 2026 (filed Jul 23, 2026).

Dividends

Ex-dateAmountPaid
Aug 31, 2026$1.42Sep 30, 2026
May 29, 2026$1.38Jun 30, 2026
Feb 27, 2026$1.38Mar 31, 2026
Dec 5, 2025$1.38Dec 30, 2025
Aug 29, 2025$1.38Sep 30, 2025
May 30, 2025$1.34Jun 30, 2025
Feb 28, 2025$1.34Mar 31, 2025
Dec 9, 2024$1.34Dec 30, 2024

Short interest

Shares sold short
27,430,602
Days to cover
14.38
Change vs previous report
-1.1%

FINRA short interest, settlement date Sep 15, 2026.

Stock splits

Jun 9, 2014
2-for-1
May 29, 2008
2-for-1
Oct 16, 1996
2,500-for-1,681
Oct 2, 1991
2-for-1
May 12, 1980
2-for-1