Union Pacific Corporation (UNP) is trading up at $288.25 (+0.43%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Industrials sector.
One firm's current price target on Union Pacific Corporation: $339 — 18% above the current $288. Each is tracked to its date and scored the same way a member's call is.
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $19.9B | $21.2B | $22.8B | $21.7B | $19.5B | $21.8B | $24.9B | $24.1B | $24.3B | $24.5B |
| Growth (year over year) | −8.6% | +6.5% | +7.5% | −4.9% | −10.0% | +11.6% | +14.1% | −3.0% | +0.5% | +1.1% |
| Operating income | $7.24B | $8.11B | $8.52B | $8.55B | $7.83B | $9.34B | $9.92B | $9.08B | $9.71B | $9.85B |
| Operating margin | 36.3% | 38.2% | 37.3% | 39.4% | 40.1% | 42.8% | 39.9% | 37.7% | 40.1% | 40.2% |
| Net income | $4.23B | $10.7B | $5.97B | $5.92B | $5.35B | $6.52B | $7.00B | $6.38B | $6.75B | $7.14B |
| Net margin | 21.2% | 50.4% | 26.1% | 27.3% | 27.4% | 29.9% | 28.1% | 26.4% | 27.8% | 29.1% |
| EPS (diluted) | $5.07 | $13.36 | $7.91 | $8.38 | $7.88 | $9.95 | $11.21 | $10.45 | $11.09 | $11.98 |
| Balance sheet | ||||||||||
| Cash and equivalents | $1.28B | $1.27B | $1.27B | $831.0M | $1.80B | $960.0M | $973.0M | $1.05B | $1.02B | $1.27B |
| Total assets | $55.7B | $57.8B | $59.1B | $61.7B | $62.4B | $63.5B | $65.4B | $67.1B | $67.7B | $69.7B |
| Total liabilities | $35.8B | $33.0B | $38.7B | $43.5B | $45.4B | $49.4B | $53.3B | $52.3B | $50.8B | $51.2B |
| Long-term debt | $14.2B | $16.1B | $20.9B | $23.9B | $25.7B | $27.6B | $31.6B | $31.2B | $29.8B | $30.3B |
| Shareholders' equity | $19.9B | $24.9B | $20.4B | $18.1B | $17.0B | $14.2B | $12.2B | $14.8B | $16.9B | $18.5B |
| Cash flow | ||||||||||
| Operating cash flow | $7.53B | $7.23B | $8.69B | $8.61B | $8.54B | $9.03B | $9.36B | $8.38B | $9.35B | $9.29B |
| Capital expenditure | $3.50B | $3.24B | $3.44B | $3.45B | $2.93B | $2.94B | $3.62B | $3.61B | $3.45B | $3.79B |
| Free cash flow | $4.02B | $3.99B | $5.25B | $5.16B | $5.61B | $6.10B | $5.74B | $4.77B | $5.89B | $5.50B |
| Dividends paid | $1.88B | $1.98B | $2.30B | $2.60B | $2.63B | $2.80B | $3.16B | $3.17B | $3.21B | $3.24B |
| Share buybacks | $3.10B | $4.01B | $8.22B | $5.80B | $3.71B | $7.29B | $6.28B | $705.0M | $1.50B | $2.68B |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $6.09B | $6.12B | $6.03B | $6.15B | $6.24B | $6.08B | $6.22B | $6.86B |
| Growth (year over year) | +2.5% | −0.6% | −0.1% | +2.4% | +2.5% | −0.6% | +3.2% | +11.5% |
| Operating income | $2.42B | $2.52B | $2.37B | $2.52B | $2.55B | $2.40B | $2.46B | $2.76B |
| Operating margin | 39.7% | 41.3% | 39.3% | 41.0% | 40.8% | 39.5% | 39.5% | 40.3% |
| Net income | $1.67B | $1.76B | $1.63B | $1.88B | $1.79B | $1.85B | $1.70B | $1.99B |
| Net margin | 27.4% | 28.8% | 27.0% | 30.5% | 28.6% | 30.4% | 27.4% | 29.0% |
| EPS (diluted) | $2.75 | $2.91 | $2.70 | $3.15 | $3.01 | $3.12 | $2.87 | $3.36 |
| Balance sheet | ||||||||
| Cash and equivalents | $947.0M | $1.02B | $1.41B | $1.06B | $808.0M | $1.27B | $735.0M | $1.61B |
| Total assets | $67.6B | $67.7B | $68.5B | $68.6B | $68.6B | $69.7B | $69.6B | $71.2B |
| Total liabilities | $51.0B | $50.8B | $52.5B | $52.3B | $51.3B | $51.2B | $50.2B | $50.5B |
| Long-term debt | $29.8B | $29.8B | $30.6B | $30.3B | $30.3B | $30.3B | $29.8B | $29.0B |
| Shareholders' equity | $16.6B | $16.9B | $16.0B | $16.3B | $17.3B | $18.5B | $19.4B | $20.7B |
| Cash flow | ||||||||
| Operating cash flow | $2.65B | $2.66B | $2.21B | $2.33B | $2.52B | $2.23B | $2.44B | $3.08B |
| Capital expenditure | $831.0M | $922.0M | $906.0M | $936.0M | $950.0M | $999.0M | $937.0M | $873.0M |
| Free cash flow | $1.82B | $1.74B | $1.30B | $1.40B | $1.57B | $1.23B | $1.50B | $2.20B |
| Dividends paid | $815.0M | $810.0M | $804.0M | $795.0M | $819.0M | $818.0M | $821.0M | $819.0M |
| Share buybacks | $731.0M | $674.0M | $1.42B | $1.26B | $0 | $0 | $0 | $26.0M |
From Union Pacific Corporation's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
Union Pacific Corporation's latest reported figures next to the median of the other 81 S&P 500 Industrials companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.
| Measure | Union Pacific Corporation | Industrials (81 other S&P 500 companies) | S&P 500 (502 other companies) |
|---|---|---|---|
| Revenue growth, latest fiscal year | +1.1% | +4.6% | +7.0% |
| Net margin, latest fiscal year | 29.1% | 11.2% | 12.9% |
| Dividend per share, latest fiscal year | $5.44 | $2.49 | $2.40 |
| Share price change, 1 year | +26.3% | +7.0% | +5.6% |
Union Pacific Corporation: fiscal year ended December 2025, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, Union Pacific Corporation included, are the last regular-session prices of October 19, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 79/496, net margin 79/496, dividend per share 63/349, 1-year price change 79/490; the reasons below can overlap. 12 are left out of the price figure because our archive holds no comparable close for them; dividend medians are among the 63 sector and 349 S&P 500 companies reporting a per-share dividend. The S&P 500 price figure is the middle company's change, not the index's return.
The Union Pacific Corporation is an American publicly traded railroad holding company serving as the holding company for the Union Pacific Railroad.
Source: Wikipedia — Union Pacific Corporation
Union Pacific CFO Jennifer Hamann to retire in early 2027
Union Pacific CFO Jennifer Hamann to retire in early 2027
Union Pacific shares may move 4.1% on Oct. 22 earnings
Union Pacific shares may move 4.1% on Oct. 22 earnings
Union Pacific Sees Broad Volume Growth as Fuel Costs Threaten Operating Ratio
Union Pacific Sees Broad Volume Growth as Fuel Costs Threaten Operating Ratio
Union Pacific upgraded to Buy by UBS on stronger 2027 growth outlook
Union Pacific upgraded to Buy by UBS on stronger 2027 growth outlook
Union Pacific says high diesel prices shifting freight from trucks to rail
Union Pacific says high diesel prices shifting freight from trucks to rail
UBS upgrades Union Pacific stock rating on volume growth outlook
UBS upgrades Union Pacific stock rating on volume growth outlook
Union Pacific Sees Norfolk Southern Merger Closing by Late 2027 as STB Review Advances
Union Pacific Sees Norfolk Southern Merger Closing by Late 2027 as STB Review Advances
Is Union Pacific Stock Outperforming the S&P 500?
Is Union Pacific Stock Outperforming the S&P 500?
Union Pacific (UNP) is Winning the Railroad Race. Can Norfolk Southern (NSC) Catch Up through the Merger?
Union Pacific (UNP) is Winning the Railroad Race. Can Norfolk Southern (NSC) Catch Up through the Merger?
Union Pacific (UNP) Reported a $91M Fuel Surcharge Surplus. Could That Hurt its Norfolk Southern Deal?
Union Pacific (UNP) Reported a $91M Fuel Surcharge Surplus. Could That Hurt its Norfolk Southern Deal?
US transport regulator resumes review of Union Pacific’s proposed Norfolk merger
US transport regulator resumes review of Union Pacific’s proposed Norfolk merger
US railroad Union Pacific turned charges meant to cover fuel costs from Iran war into profit
US railroad Union Pacific turned charges meant to cover fuel costs from Iran war into profit