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Union Pacific Corp. (UNP) Stock Fundamental Analysis & AI Rating 2026

UNP NYSE Railroads, Line-Haul Operating UT CIK: 0000100885
Recently Updated • Analysis: Apr 29, 2026 • SEC Data: 2026-03-31
Combined AI Rating
BUY
77% Confidence
STRONG AGREEMENT
BUY
72% Conf
BUY
82% Conf

📊 UNP Key Takeaways

Revenue: $6.2B
Net Margin: 27.4%
Free Cash Flow: $1.5B
Current Ratio: 0.92x
Debt/Equity: 1.53x
EPS: $2.87
AI Rating: BUY with 72% confidence
Union Pacific Corp. (UNP) receives a BUY rating with 77% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $6.2B, net profit margin of 27.4%, and return on equity (ROE) of 8.8%, Union Pacific Corp. demonstrates strong fundamentals in the Transportation sector. Below is our complete UNP stock analysis for 2026.

Is Union Pacific Corp. (UNP) a Good Investment?

Claude

Union Pacific demonstrates exceptional operational efficiency with 39.5% operating margins and 27.4% net margins, generating robust free cash flow of $1.5B annually. However, elevated leverage (1.53x Debt/Equity) with marginal interest coverage (2.6x) and sub-1.0 liquidity ratios create financial vulnerability, requiring close monitoring of debt service capacity amid modest 1.1% revenue growth.

ChatGPT

Union Pacific shows high-quality fundamentals, with exceptional operating efficiency, strong net margins, and robust free cash flow generation. Earnings are growing faster than revenue, indicating disciplined cost control and operating leverage in a mature business. The main constraints are elevated leverage and thin liquidity, but current cash generation and interest coverage suggest the balance sheet remains manageable.

Why Buy Union Pacific Corp. Stock? UNP Key Strengths

Claude
  • + Outstanding operating and net margins (39.5% and 27.4%) demonstrate pricing power and operational discipline
  • + Strong free cash flow generation ($1.5B, 24.2% FCF margin) covers debt service with adequate cushion
  • + EPS growing faster than revenue (+8.0% vs +1.1%) indicates margin expansion and cost management excellence
ChatGPT
  • + Excellent profitability with 40.2% operating margin and 29.1% net margin
  • + Strong free cash flow generation of $5.50B with a 22.4% FCF margin
  • + Net income and diluted EPS growth outpacing revenue growth, indicating solid operating leverage and cost discipline

UNP Stock Risks: Union Pacific Corp. Investment Risks

Claude
  • ! High financial leverage (1.53x Debt/Equity) with marginal interest coverage (2.6x) creates vulnerability to economic downturns or rate increases
  • ! Weak liquidity position with current ratio of 0.92x and minimal cash ($735M) versus $29.8B debt limits financial flexibility
  • ! Anemic revenue growth (+1.1% YoY) combined with mature industry dynamics limits upside potential
ChatGPT
  • ! High leverage with debt-to-equity of 1.72x and $31.81B in long-term debt
  • ! Liquidity is somewhat tight with a current ratio and quick ratio of 0.91x
  • ! Revenue growth is modest at 1.1%, which limits upside if volume or pricing softens

Key Metrics to Watch

Claude
  • * Interest coverage ratio trend - deterioration below 2.5x would indicate debt stress
  • * Free cash flow sustainability - must remain positive to service debt obligations
  • * Operating margin trends - any compression would pressure returns given high leverage
ChatGPT
  • * Free cash flow and capital expenditure intensity
  • * Debt levels, interest coverage, and liquidity ratios

Union Pacific Corp. (UNP) Financial Metrics & Key Ratios

Revenue
$6.2B
Net Income
$1.7B
EPS (Diluted)
$2.87
Free Cash Flow
$1.5B
Total Assets
$69.6B
Cash Position
$735.0M

💡 AI Analyst Insight

The 24.2% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.

UNP Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin 39.5%
Net Margin 27.4%
ROE 8.8%
ROA 2.4%
FCF Margin 24.2%

UNP vs Transportation Sector: How Union Pacific Corp. Compares

How Union Pacific Corp. compares to Transportation sector averages

Net Margin
UNP 27.4%
vs
Sector Avg 10.0%
UNP Sector
ROE
UNP 8.8%
vs
Sector Avg 18.0%
UNP Sector
Current Ratio
UNP 0.9x
vs
Sector Avg 1.0x
UNP Sector
Debt/Equity
UNP 1.5x
vs
Sector Avg 1.0x
UNP Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Union Pacific Corp. Stock Overvalued? UNP Valuation Analysis 2026

Based on fundamental analysis, Union Pacific Corp. has mixed fundamental signals relative to the Transportation sector in 2026.

Return on Equity
8.8%
Sector avg: 18%
Net Profit Margin
27.4%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
1.53x
Sector avg: 1x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Union Pacific Corp. Balance Sheet: UNP Debt, Cash & Liquidity

Current Ratio
0.92x
Quick Ratio
0.92x
Debt/Equity
1.53x
Debt/Assets
72.1%
Interest Coverage
2.57x
Long-term Debt
$29.8B

UNP Revenue & Earnings Growth: 5-Year Financial Trend

UNP 5-year financial data: Year 2021: Revenue $21.8B, Net Income $5.9B, EPS $8.38. Year 2022: Revenue $24.9B, Net Income $5.3B, EPS $7.88. Year 2023: Revenue $24.9B, Net Income $6.5B, EPS $9.95. Year 2024: Revenue $24.9B, Net Income $7.0B, EPS $11.21. Year 2025: Revenue $24.5B, Net Income $6.4B, EPS $10.45.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Union Pacific Corp.'s revenue has grown significantly by 12% over the 5-year period, indicating strong business expansion. The most recent EPS of $10.45 reflects profitable operations.

UNP Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
24.2%
Free cash flow / Revenue

UNP Quarterly Earnings & Performance

Quarterly financial performance data for Union Pacific Corp. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $6.0B $1.6B $2.70
Q3 2025 $6.1B $1.7B $2.75
Q2 2025 $6.0B $1.7B $2.74
Q1 2025 $6.0B $1.6B $2.69
Q3 2024 $5.9B $1.5B $2.51
Q2 2024 $6.0B $1.6B $2.57
Q1 2024 $6.0B $1.6B $2.67
Q3 2023 $5.9B $1.5B $2.51

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Union Pacific Corp. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$2.4B
Cash generated from operations
Capital Expenditures
$937.0M
Investment in assets
Dividends Paid
$821.0M
Returned to shareholders

UNP SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Union Pacific Corp. (CIK: 0000100885)

📋 Recent SEC Filings

Date Form Document Action
Apr 28, 2026 4 xslF345X06/edgardoc.xml View →
Apr 28, 2026 4 xslF345X06/edgardoc.xml View →
Apr 23, 2026 10-Q unp-20260331.htm View →
Apr 23, 2026 8-K unp-20260423.htm View →
Apr 13, 2026 4 xslF345X06/edgardoc.xml View →

Frequently Asked Questions about UNP

What is the AI rating for UNP?

Union Pacific Corp. (UNP) has a Combined AI Rating of BUY from Claude (BUY) and ChatGPT (BUY) with 77% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are UNP's key strengths?

Claude: Outstanding operating and net margins (39.5% and 27.4%) demonstrate pricing power and operational discipline. Strong free cash flow generation ($1.5B, 24.2% FCF margin) covers debt service with adequate cushion. ChatGPT: Excellent profitability with 40.2% operating margin and 29.1% net margin. Strong free cash flow generation of $5.50B with a 22.4% FCF margin.

What are the risks of investing in UNP?

Claude: High financial leverage (1.53x Debt/Equity) with marginal interest coverage (2.6x) creates vulnerability to economic downturns or rate increases. Weak liquidity position with current ratio of 0.92x and minimal cash ($735M) versus $29.8B debt limits financial flexibility. ChatGPT: High leverage with debt-to-equity of 1.72x and $31.81B in long-term debt. Liquidity is somewhat tight with a current ratio and quick ratio of 0.91x.

What is UNP's revenue and growth?

Union Pacific Corp. reported revenue of $6.2B.

Does UNP pay dividends?

Union Pacific Corp. pays dividends, with $821.0M distributed to shareholders in the trailing twelve months.

Where can I find UNP SEC filings?

Official SEC filings for Union Pacific Corp. (CIK: 0000100885) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is UNP's EPS?

Union Pacific Corp. has a diluted EPS of $2.87.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is UNP a good stock to buy right now?

Based on our AI fundamental analysis in May 2026, Union Pacific Corp. has a BUY rating with 77% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.

Is UNP stock overvalued or undervalued?

Valuation metrics for UNP: ROE of 8.8% (sector avg: 18%), net margin of 27.4% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.

Should I buy UNP stock in 2026?

Our dual AI analysis gives Union Pacific Corp. a combined BUY rating for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.

What is UNP's free cash flow?

Union Pacific Corp.'s operating cash flow is $2.4B, with capital expenditures of $937.0M. FCF margin is 24.2%.

How does UNP compare to other Transportation stocks?

Vs Transportation sector averages: Net margin 27.4% (avg: 10%), ROE 8.8% (avg: 18%), current ratio 0.92 (avg: 1).

Is Union Pacific Corp. carrying too much debt?

UNP has a debt-to-equity ratio of 1.53x, which is above the Transportation sector average of 1x. Combined with a current ratio below 1, this warrants careful monitoring of the balance sheet.

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 29, 2026 | Data as of: 2026-03-31 | Powered by Claude AI