Mostly Markets
Subscribe
Stocks/Industrials/Rail Transportation

Union PacificUNP

Rail Transportation · Omaha, Nebraska · In the S&P 500
High quality
$304.00+0.69%After hours: $304.00 (0.00%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 40.5% over 1 year
Union Pacific over 1 yearDaily close, $, to 30 Oct 2026
$250Nov2026MarMayJulSep$304.00$250NovMarJul$304.00
Source: Nasdaq daily closes
Market value$181B
Price to earnings23.7x
Forward P/E22.3x
Dividend yield1.87%
Year to date+31.4%
One year+40.5%
Next earningsNot scheduled
SectorIndustrials
52-week range (closes)
$217.38$310.62

Quality and valuation

How Union Pacific compares with other industrials stocks. A description, not a recommendation.

Union Pacific and 7 rail transportation peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: stronger than mostValuation: in line with its sector

A stronger business than most industrials companies, priced about in line with them.

Union Pacific trades at 22.3 times the next 12 months of expected earnings, against a median of 21.4x for the 89 industrials stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew slower than the sector median: +7.4% vs +8.2%
  • More profitable (operating margin): 40.1% vs 17.5%
  • Turns more of its sales into cash: 25.4% vs 13.1%
UNP trades at 22.3x forward earnings, above the sector medianForward p/e, Rail Transportation peers
LMT20.6xCAT21.6xUNP22.3xETN24.4xRTX26.8xDE32.3xGE35.7xGEV40.8xSector median 21.4xLMT20.6xCAT21.6xUNP22.3xETN24.4xRTX26.8xDE32.3xGE35.7xGEV40.8xSector median 21.4x
Source: CNBC quotes; Mostly Markets
At 23.7x earnings, UNP is pricier than its average since Oct 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
20x22xAverage 21.2x2025202623.7x20x22x25xAverage 21.2x2025202623.7x
Source: Nasdaq prices; SEC filings

Financials

From Union Pacific's SEC filings, through the quarter ending 30 Sep 2026. Hover or tap a bar for its value.

Revenue grew 15.3% from a year earlierQuarterly revenue, $bn, latest Q3 ’26
$0bn$2bn$4bn$6bnQ4 ’24Q2 ’25Q4 ’25$7.2bnQ3 ’26$0bn$2bn$5bnQ4 ’24Q2 ’25Q4 ’25$7.2bnQ3 ’26
Source: SEC filings
Growth sped up to +15.3% last quarterRevenue growth, year on year, %
0%5%10%15%Q4 ’24Q2 ’25Q4 ’2515.3%Q3 ’260%10%Q4 ’24Q2 ’25Q4 ’2515.3%Q3 ’26
Source: SEC filings
Operating margin was 40.9% last quarterOperating income as a share of revenue, %
0%20%40%Q4 ’24Q2 ’25Q4 ’2540.9%Q3 ’260%20%40%Q4 ’24Q2 ’25Q4 ’2540.9%Q3 ’26
Source: SEC filings
Free cash flow was $6.7 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $bn
$0bn$1bn$2bnQ4 ’24Q2 ’25Q4 ’25$1.8bnQ3 ’26$0bn$1bn$2bnQ4 ’24Q2 ’25Q4 ’25$1.8bnQ3 ’26
Source: SEC filings
Last 12 monthsUNPSector median
Revenue growth+7.4%+8.2%
Operating margin40.1%17.5%
Free cash flow margin25.4%13.1%
Price to earnings23.7x25.8x

Stories on Union Pacific

We haven't written about Union Pacific yet. Follow it, and its first story will show under My stocks on the front page.

Similar companies

Rail Transportation, by market value.

CompanyPriceTodayYTDValue
GEGE Aerospace$301.80−3.59%−2.0%$312B
CATCaterpillar$622.75−3.81%+8.7%$286B
RTXRTX$199.80+0.20%+8.9%$270B
GEVGE Vernova$857.87−3.38%+31.3%$227B
DEDeere &$675.48+2.35%+45.1%$182B
LMTLockheed Martin$636.95−1.03%+31.7%$147B
ETNEaton$369.97−6.03%+16.2%$144B
BABoeing$171.55−0.64%−21.0%$136B