Union Pacific (UNP) Stock Analysis

June 13, 2026

Here is a fundamental analysis of Union Pacific (UNP), benchmarking its profitability, financial strength, dividend and valuation against its industry group peers.

Performance

Cumulative Growth

UNP

GSPC

Union Pacific (UNP) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Union Pacific (UNP) and S&P 500 (GSPC). Returns over one year are annualized.

Performance at a Glance

Union Pacific (UNP) metric values compared with Transportation industry-group medians
Metric	Current stock: UNP	Industry group median
1-Year Return	23.68%	46.94%

Risk

Drawdown

UNP

GSPC

Union Pacific (UNP) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Risk at a Glance

Union Pacific (UNP) metric values compared with Transportation industry-group medians
Metric	Current stock: UNP	Industry group median
1-Year Volatility	21.66%	39.71%
Beta	0.96	1.15

Company Profile

Company profile fields for Union Pacific (UNP)
Profile Item	UNP
Name	Union Pacific Corporation
Country/Region	United States
GICS Sector	Industrials
GICS Industry Group	Transportation
GICS Industry	Ground Transportation
GICS Sub-Industry	Rail Transportation
Market Capitalization	161.91 billion USD
Currency	USD
Exchange	NYSE
Listing Date	January 2, 1980
Security Type	Common Stock

Valuation

Price-to-Earnings Ratio (TTM)

Union Pacific (UNP) trades at P/E ratio of 22.43, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

UNP

Transportation industry group

22.43

Group distribution

Max: 96.57
Q3: 48.32
Median: 23.00
UNP: 22.43
Q1: 13.51
Min: 0.00

Largest peers

CSX: 29.18
CP: 27.98
UNP: 22.43
CNI: 21.87
FDX: 18.05
UPS: 17.49
UBER: 17.08

Where Union Pacific (UNP) stands on P/E ratio within its Transportation peer group — the box is the group’s distribution and the dots its largest members.

Price-to-Sales Ratio (TTM)

Union Pacific (UNP) trades at 6.55 on P/S ratio, above the industry benchmark range. The stock is being valued at an unusually rich price per dollar of trailing revenue.

UNP

Transportation industry group

6.55

Group distribution

UNP: 6.55
Max: 4.18
Q3: 2.26
Median: 1.11
Q1: 0.60
Min: 0.07

Largest peers

UNP: 6.55
CSX: 6.25
CP: 5.34
CNI: 4.18
UBER: 2.61
UPS: 1.04
FDX: 0.88

Where Union Pacific (UNP) stands on P/S ratio within its Transportation peer group — the box is the group’s distribution and the dots its largest members.

Price-to-Book Ratio (MRQ)

Union Pacific (UNP) trades at 8.34 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

UNP

Transportation industry group

8.34

Group distribution

Max: 8.88
UNP: 8.34
Q3: 4.49
Median: 2.15
Q1: 1.24
Min: -2.43

Largest peers

UNP: 8.34
CSX: 6.51
UBER: 5.66
UPS: 5.66
CNI: 4.68
FDX: 2.71
CP: 2.41

Where Union Pacific (UNP) stands on P/B ratio within its Transportation peer group — the box is the group’s distribution and the dots its largest members.

Valuation at a Glance

Union Pacific (UNP) metric values compared with Transportation industry-group medians
Metric	Current stock: UNP	Industry group median
Price-to-Earnings Ratio (TTM)	22.43	23.00
Price-to-Sales Ratio (TTM)	6.55	1.11
Price-to-Book Ratio (MRQ)	8.34	2.15
Free Cash Flow Yield	2.49%	2.63%

Profitability

Return on Equity (TTM)

Union Pacific (UNP) posts ROE of 40.69%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

UNP

Transportation industry group

40.69%

Group distribution

Max: 43.37%
UNP: 40.69%
Q3: 20.41%
Median: 10.34%
Q1: 1.88%
Min: -18.53%

Largest peers

UNP: 40.69%
UBER: 35.31%
UPS: 33.35%
CSX: 23.68%
CNI: 21.85%
FDX: 15.87%
CP: 8.43%

Where Union Pacific (UNP) stands on ROE within its Transportation peer group — the box is the group’s distribution and the dots its largest members.

Net Profit Margin (TTM)

Union Pacific (UNP) keeps 29.20% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

UNP

Transportation industry group

29.20%

Group distribution

Max: 43.82%
UNP: 29.20%
Q3: 19.14%
Median: 5.11%
Q1: 0.86%
Min: -9.62%

Largest peers

UNP: 29.20%
CNI: 27.23%
CP: 27.21%
CSX: 21.55%
UBER: 15.91%
UPS: 5.94%
FDX: 4.88%

Where Union Pacific (UNP) stands on net margin within its Transportation peer group — the box is the group’s distribution and the dots its largest members.

Operating Profit Margin (TTM)

Union Pacific (UNP) turns 40.36% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

UNP

Transportation industry group

40.36%

Group distribution

Max: 54.53%
UNP: 40.36%
Q3: 24.85%
Median: 6.34%
Q1: 1.12%
Min: -33.27%

Largest peers

UNP: 40.36%
CNI: 38.41%
CP: 37.56%
CSX: 36.16%
UBER: 14.57%
FDX: 6.94%
UPS: 6.33%

Where Union Pacific (UNP) stands on operating margin within its Transportation peer group — the box is the group’s distribution and the dots its largest members.

Profitability at a Glance

Union Pacific (UNP) metric values compared with Transportation industry-group medians
Metric	Current stock: UNP	Industry group median
Return on Equity (TTM)	40.69%	10.34%
Return on Assets (TTM)	9.14%	4.02%
Net Profit Margin (TTM)	29.20%	5.11%
Operating Profit Margin (TTM)	40.36%	6.34%
Gross Profit Margin (TTM)	56.53%	27.82%

Financial Strength

Current Ratio (MRQ)

Union Pacific (UNP) has current ratio of 0.92, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

UNP

Transportation industry group

0.92

Group distribution

Max: 2.26
Q3: 1.61
Median: 1.16
UNP: 0.92
Q1: 0.84
Min: 0.42

Largest peers

FDX: 1.47
UPS: 1.21
UBER: 1.07
CSX: 0.97
UNP: 0.92
CP: 0.67
CNI: 0.67

Where Union Pacific (UNP) stands on current ratio within its Transportation peer group — the box is the group’s distribution and the dots its largest members.

Debt-to-Equity Ratio (MRQ)

Union Pacific (UNP) has debt-to-equity ratio of 1.62, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

UNP

Transportation industry group

1.62

Group distribution

Max: 3.37
Q3: 1.64
UNP: 1.62
Median: 0.80
Q1: 0.36
Min: 0.00

Largest peers

UPS: 1.82
UNP: 1.62
CSX: 1.43
FDX: 1.41
CNI: 1.06
CP: 0.51
UBER: 0.48

Where Union Pacific (UNP) stands on debt-to-equity ratio within its Transportation peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength at a Glance

Union Pacific (UNP) metric values compared with Transportation industry-group medians
Metric	Current stock: UNP	Industry group median
Current Ratio (MRQ)	0.92	1.16
Debt-to-Equity Ratio (MRQ)	1.62	0.80
Net Debt / EBITDA	2.42	2.13

Dividends

Dividend Yield (TTM)

Union Pacific (UNP) has dividend yield of 2.02%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

UNP

Transportation industry group

2.02%

Group distribution

Max: 6.07%
Q3: 2.46%
UNP: 2.02%
Median: 0.94%
Q1: 0.00%
Min: 0.00%

Largest peers

UPS: 6.07%
CNI: 2.21%
UNP: 2.02%
FDX: 1.44%
CSX: 1.18%
CP: 0.77%
UBER: 0.00%

Where Union Pacific (UNP) stands on dividend yield within its Transportation peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Union Pacific (UNP) has payout ratio of 45.10%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

UNP

Transportation industry group

45.10%

Group distribution

Max: 106.15%
Q3: 45.72%
UNP: 45.10%
Median: 20.46%
Q1: 0.00%
Min: 0.00%

Largest peers

UPS: 106.15%
CNI: 47.13%
UNP: 45.10%
CSX: 32.52%
FDX: 30.59%
CP: 20.36%
UBER: 0.00%

Where Union Pacific (UNP) stands on payout ratio within its Transportation peer group — the box is the group’s distribution and the dots its largest members.

Dividends at a Glance

Union Pacific (UNP) metric values compared with Transportation industry-group medians
Metric	Current stock: UNP	Industry group median
Dividend Yield (TTM)	2.02%	0.94%
Dividend Payout Ratio (TTM)	45.10%	20.46%