Union Pacific (UNP) Financial Ratios: P/E, ROE & More

Union Pacific (UNP) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Union Pacific had a P/E ratio of 19.22 (down from 20.49), return on equity of 40.4% (down from 42.6%), debt-to-equity of 1.78 (down from 1.92) and a current ratio of 0.91 (up from 0.77). A current ratio of 0.91 means current liabilities exceed current assets. Its dividend yield was 2.35% with a payout ratio of 45.3%.

Union Pacific Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	19.22	20.49	23.47	19.02	24.83	26.23
Forward P/E	18.83	19.48	22.29	17.87	22.88	23.14
P/S Ratio	5.60	5.70	6.21	5.35	7.43	7.18
P/B Ratio	7.43	8.19	10.13	10.95	11.44	8.27
Price/Tangible Book	7.74	8.59	10.71	11.64	12.02	8.62
Price/FCF	24.95	23.46	31.37	23.18	26.57	25.00
Price/OCF	14.77	14.79	17.87	14.22	17.93	16.43
PEG Ratio	2.40	2.25	2.55	2.22	1.67	2.49
Enterprise Value Ratios
EV/Revenue	6.91	7.01	7.61	6.71	8.79	8.57
EV/EBITDA	13.61	13.97	16.02	13.62	16.57	16.59
EV/EBIT	16.97	17.40	20.08	16.68	20.47	21.25
EV/FCF	30.77	28.84	38.43	29.06	31.44	29.81
Profitability & Returns
Return on Equity (ROE)	40.38%	42.60%	47.34%	53.17%	41.92%	30.49%
Return on Assets (ROA)	9.07%	9.06%	8.61%	9.69%	9.29%	7.93%
Return on Invested Capital (ROIC)	15.84%	15.58%	15.06%	17.00%	16.36%	10.88%
Return on Capital Employed (ROCE)	15.40%	15.60%	14.70%	16.70%	16.20%	13.50%
Leverage & Solvency Ratios
Debt/Equity	1.78	1.92	2.31	2.87	2.22	1.67
Debt/EBITDA	2.56	2.58	2.76	2.66	2.53	2.59
Debt/FCF	5.97	5.51	7.16	6.09	5.17	5.05
Liquidity Ratios
Current Ratio	0.91	0.77	0.81	0.72	0.62	1.01
Quick Ratio	0.67	0.56	0.62	0.53	0.47	0.81
Efficiency Ratios
Asset Turnover	0.36	0.36	0.36	0.39	0.35	0.32
Inventory Turnover	13.75	14.23	15.12	16.65	14.39	11.67
Yield & Distribution Ratios
Earnings Yield	5.20%	4.88%	4.26%	5.26%	4.03%	3.81%
FCF Yield	4.01%	4.26%	3.19%	4.31%	3.76%	4.00%
Dividend Yield	2.35%	2.31%	2.12%	2.34%	1.69%	2.08%
Payout Ratio	45.34%	47.62%	49.74%	45.14%	42.93%	49.09%
Buyback Yield	2.09%	0.26%	2.21%	4.79%	3.49%	3.82%
Total Return	4.44%	2.57%	4.33%	7.13%	5.18%	5.91%

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2026. Data sources and methodology

Frequently Asked Questions About Union Pacific Financial Ratios

What is Union Pacific's P/E ratio?

Union Pacific's P/E ratio was 19.22 for fiscal 2025 (period ended Dec 31, 2025). It was 20.49 a year earlier.

What is Union Pacific's return on equity?

Union Pacific's return on equity (ROE) was 40.4% for fiscal 2025 (period ended Dec 31, 2025). It was 42.6% a year earlier.

What is Union Pacific's debt-to-equity ratio?

Union Pacific's debt-to-equity ratio was 1.78 for fiscal 2025 (period ended Dec 31, 2025). It was 1.92 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition