OakChart

Union Pacific Corp

UNPIndustrials·Railroads·USA·Large·NYSE·Nov 11 • 10:32 AM ET

300.23-0.39 (-0.13%)
2026-11-11 16:32 CET
Market cap
178,643.43 USD m
Revenue, TTM
26,363.00 USD m
Net income, TTM
7,618.00 USD m
Free cash flow, TTM
6,694.00 USD m
EPS diluted, TTM
12.83
P/E
23.41
Compare

Price

UNP against its 20, 50 and 200-day averages
2050200beat
240.00260.00280.00300.00320.003.7M7.4MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26UNPclose 300.2320-day 296.8450-day 286.68200-day 273.23300.23

5.0% under 315.99 on 23 Jul 2026. Last 15 sessions, 11.2% high to low

Profile

UNP
52-week range, 84% of the way up
219.89315.99

Union Pacific Corp. engages in the provision of railroad and freight transportation service. It delivers the goods families and businesses use every day with safe, reliable and efficient service. The company connects its customers and communities to the global economy. Union Pacific was founded on July 1, 1862 and is headquartered in Omaha, NE.

IndexS&P 500, RUI
Employees29287
IPOJul 16, 1969
Beta0.85
ATR, 14d6.36
Rel volume0.71
Short float5.14%
Insider own0.20%
Inst own92.10%

Snapshot

6 groups

Valuation

IndexS&P 500, RUI
Market Cap178.41B
Enterprise Value206.44B
Income7.62B
Sales26.36B
Book/sh37.05
Cash/sh5.19
Dividend Est.5.52 (1.84%)
Dividend TTM5.56 (1.85%)
Dividend Ex-DateAug 31, 2026
Dividend Gr. 3/5Y2.31% 6.99%
Payout45.41%
Employees29287
IPOJul 16, 1969

Ratios

P/E23.41
Forward P/E20.85
PEG1.98
P/S6.77
P/B8.10
P/C57.79
P/FCF26.65
EV/EBITDA15.73
EV/Sales7.83
Quick Ratio0.99
Current Ratio1.16
Debt/Eq1.41
LT Debt/Eq1.34
Option/ShortYes / Yes

Earnings

EPS (ttm)12.83
EPS next Y14.40
EPS next Q3.31
EPS this Y13.01%
EPS next Y9.28%
EPS next 5Y10.54%
EPS past 3/5Y2.22% 8.75%
Sales past 3/5Y-0.49% 4.64%
EPS Y/Y TTM8.86%
Sales Y/Y TTM7.40%
EPS Q/Q15.85%
Sales Q/Q15.26%
EarningsOct 22 BMO
EPS/Sales Surpr.1.59% 0.52%

Ownership

Insider Own0.20%
Insider Trans-0.25%
Inst Own92.10%
Inst Trans0.93%
ROA10.79%
ROE38.75%
ROIC14.76%
Gross Margin45.37%
Oper. Margin39.97%
Profit Margin28.90%
SMA201.14%
SMA504.72%
SMA2009.88%
Trades-

Technical

Shs Outstand594.22M
Shs Float593.05M
Short Float5.14%
Short Ratio12.12
Short Interest30.47M
52W High315.99 -4.99%
52W Low219.89 36.54%
Volatility2.88% 2.24%
ATR (14)6.36
RSI (14)56.00
Beta0.85
Rel Volume0.71
Avg Volume2.51M
Volume360,620

Performance

Perf Week-2.69%
Perf Month6.33%
Perf Quarter0.82%
Perf Half Y13.44%
Perf YTD29.79%
Perf Year33.55%
Perf 3Y41.96%
Perf 5Y24.80%
Perf 10Y209.90%
Recom1.86
Target Price333.17
Prev Close300.62
Price300.23
Change %-0.13%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Nov 05, 2026DowngradeRRobert W. BairdOutperform → Neutral$310+3.3%
Sep 16, 2026UpgradeUUBSNeutral → Buy$339+12.9%
Aug 27, 2026InitiatedEErste GroupBuy
Jul 15, 2026InitiatedCCitizensMkt Outperform$350+16.6%
Apr 24, 2026ReiteratedTTD CowenBuy$256 → $282-6.1%
Mar 19, 2026UpgradeEEvercore ISIIn-line → Outperform$262-12.7%
Mar 06, 2026UpgradeRRobert W. BairdNeutral → Outperform$311+3.6%
Jan 28, 2026ReiteratedTTD CowenBuy$257 → $255-15.1%
Jan 07, 2026DowngradeBBMO Capital MarketsOutperform → Market Perform$255-15.1%
Dec 11, 2025DowngradeDDeutsche BankBuy → Hold$245-18.4%

Peers

Mkt cap
TickerCompanyMkt cap
CSXCSX Corp95.17B
NSCNorfolk Southern Corp73.67B
CNICanadian National Railway Co76.27B
CPCanadian Pacific Kansas City Limited81.36B
WABWestinghouse Air Brake Technologies Corp50.90B
JBHTJ.B. Hunt Transport Services Inc21.15B
TRNTrinity Industries Inc2.34B
ODFLOld Dominion Freight Line Inc34.77B
KNXKnight-Swift Transportation Holdings Inc10.09B
GBXGreenbrier Cos. Inc1.29B

Insider trading

11 filings
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Gehringer Eric JEVP OPERATIONSJun 03 '26Sale263.962,991789,50443,012Jun 04 10:14 AM
ERIC GEHRINGEROfficerJun 03 '26Proposed Sale263.962,991789,504Jun 03 04:04 PM
Hamann Jennifer LOfficerApr 24 '26Proposed Sale274.502,000549,000Apr 30 01:06 PM
Hamann Jennifer LEVP & CHIEF FINANCIAL OFFICERApr 24 '26Sale274.702,000549,400114,642Apr 28 03:00 PM
Rocker Kenyatta GEVP MARKETING & SALESApr 24 '26Option Exercise175.4927,3874,806,04876,633Apr 28 03:00 PM
Rocker Kenyatta GEVP MARKETING & SALESApr 24 '26Sale271.7627,3877,442,69161,102Apr 28 03:00 PM
KENYATTA G ROCKEROfficerApr 24 '26Proposed Sale271.7627,3877,442,691Apr 24 04:02 PM
Gehringer Eric JEVP OPERATIONSMar 20 '26Sale234.931,999469,62545,973Apr 02 02:19 PM
ERIC GEHRINGEROfficerMar 20 '26Proposed Sale234.931,999469,625Mar 20 04:01 PM
Hamann Jennifer LEVP & CHIEF FINANCIAL OFFICERFeb 12 '26Option Exercise124.864,243529,781119,542Feb 12 06:18 PM
Gehringer Eric JEVP OPERATIONSFeb 12 '26Option Exercise161.575,271851,63552,021Feb 12 06:18 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VOOVanguard S&P 500 ETFAUM: 1054.75B
IVViShares Core S&P 500 ETFAUM: 871.38B
SPYSPDR S&P 500 ETF TrustAUM: 793.23B
VTVVanguard Morningstar Value ETFAUM: 196.23B
XLIState Street Industrial Select Sector SPDR ETFAUM: 30.88B
CGDVCapital Group Dividend Value ETFAUM: 38.73B
VIGVanguard Dividend Appreciation FTFAUM: 117.07B
VYMVanguard High Dividend Yield Indx ETFAUM: 83.15B
SPYMState Street SPDR Portfolio S&P 500 ETFAUM: 183.48B

News

latest 14 of 206
  • Rising Q3 transportation costs squeeze manufacturers, reward railroads and reshape trade (FreightWaves)
  • Union Pacific CEOs Rate Remark May Have Silenced Merger Opponents, STB Says (Sourcing Journal)
  • Berkshire Surprised With Record Buybacks, but Pace Slowed as the Stock Rose (Barrons.com)
  • UP CEOs rate threat adds wrinkle to Norfolk Southern merger process (Supply Chain Dive)
  • EXCLUSIVE: Humor is good, Union Pacific CEO says of video rate threat (FreightWaves)
  • Loading…
  • STB orders Union Pacific to make alleged rate hike threat video public (FreightWaves)
  • What 3.4% GDP Growth and a 4.2% Jobless Rate Say About a Hard Day on Wall Street (PR Newswire)
  • Schneider National says rail partner shift offers network boost (Trucking Dive)
  • Rail Rivalry: Schneiders Bold Move to Norfolk Southern from CSX (FreightWaves)
  • Schneider partners with Norfolk Southern; raises outlook despite Q3 miss (FreightWaves)
  • Schneider to shift eastern rail business to Norfolk Southern from CSX (FreightWaves)
  • CFOs On the Move: Week ending Oct. 23 (CFO.com)
  • Three Railroads, One Record Quarter Courtesy of Diesel Fuel (Sourcing Journal)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-223.5303.4753.4907,1977,16022
2026Q22026-07-233.4103.2583.3556,8646,71522
2026Q12026-04-232.9302.8632.8666,2176,22922
2025Q42026-01-272.8602.8633.1146,0856,11123
2025Q32025-10-233.0802.9933.0146,2446,25323
2025Q22025-07-243.0302.9133.1546,1546,16424
2025Q12025-04-242.7002.7362.7016,0276,06624
2024Q42025-01-232.9102.7872.9116,1216,14624
2024Q32024-10-242.7502.7762.7466,0916,14125
2024Q22024-07-252.7402.7042.7416,0076,05324
2024Q12024-04-252.6902.5072.6896,0315,97423
2023Q42024-01-252.7102.5802.7096,1596,05425
2023Q32023-10-192.5102.4122.5065,9415,95925
2023Q22023-07-262.5702.7422.5745,9636,08726
2023Q12023-04-202.6702.5682.6666,0566,02228
2022Q42023-01-242.6402.7672.6696,1806,27628

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY8.3808.3718.38321,70821,705
2020FY8.1908.0647.87719,53319,491
2021FY9.9509.8849.95321,80421,658
2022FY11.33011.40611.21524,87524,964
2023FY10.45010.29010.45424,11924,019
2024FY11.09010.96011.08624,25024,277
2025FY11.66011.69011.98024,51024,538
2026FY-13.177--27,419
2027FY-14.399--29,011
2028FY-15.751--31,264
2029FY-18.021--35,843
2030FY-19.630--39,611

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-10-23181807,1336,8827,348
2026Q4S2026-10-22181807,1216,8827,348
2026Q4S2026-10-19181606,9726,7827,316
2026Q4S2026-10-14181506,9596,7077,316
2026Q4S2026-10-09181306,9316,7077,316
2026Q4S2026-10-07181206,9156,5197,316
2026Q4S2026-10-06181106,9026,5197,316
2026Q4S2026-10-05181506,8926,5197,316
2026Q4S2026-10-02181406,8626,5197,316
2026Q4S2026-10-01181406,8566,5197,294
2026Q4S2026-09-29181306,8266,5197,294
2026Q4S2026-09-28181306,8156,5197,294
2026Q4S2026-09-23181206,7996,5197,294
2026Q4S2026-09-22181306,7936,5197,294

Estimate history

EPS, annual13.367.918.3837.8779.95311.21510.45411.08611.97912.8265
Period201720182019202020212022202320242025TTM
EPS, quarterly2.7462.9112.7013.1543.0143.1142.8663.3553.492
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual21240228322170819533218042487524119242502451026363
Period201720182019202020212022202320242025TTM
Sales, quarterly609161216027615462446085621768647197
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual780.918725.057692.101671.351638.842612.393609.704604.241593.246594.224
Period201720182019202020212022202320242025MRQ
Shares, quarterly606.909604.241598.992593.009593.127593.246593.676593.957594.224
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue26,363.0024,510.0024,250.0024,119.0024,875.0021,804.0019,533.0021,708.0022,832.00
Cost of Goods Sold Incl. D&A14,403.0013,322.0013,248.0013,627.0013,717.0011,290.0010,354.0012,094.0013,293.00
Gross Profit11,960.0011,188.0011,002.0010,492.0011,158.0010,514.009,179.009,614.009,539.00
Selling, General and Administrative Excl. Other1,424.001,374.001,326.001,447.001,288.001,176.001,576.001,275.001,224.00
Other Operating Expense0.000.000.000.000.000.00-231.00-215.00-202.00
Operating Income10,536.009,814.009,676.009,045.009,870.009,338.007,834.008,554.008,517.00
Interest Expense1,270.001,309.001,269.001,340.001,271.001,157.001,141.001,050.00870.00
Unusual Expense22.000.000.000.000.000.000.002.0085.00
Net Income Before Taxes9,918.009,166.008,794.008,233.009,072.008,478.006,980.007,747.007,741.00
Income Taxes2,300.002,028.002,047.001,854.002,074.001,955.001,631.001,828.001,775.00
Consolidated Net Income7,618.007,138.006,747.006,379.006,998.006,523.005,349.005,919.005,966.00
Net Income From Continuing Operations7,618.007,138.006,747.006,379.006,998.006,523.005,349.005,919.005,966.00
Net Income7,618.007,138.006,747.006,379.006,998.006,523.005,349.005,919.005,966.00
EPS (Recurring)12.8411.9811.0910.4511.219.957.888.387.99
EPS (Basic, Before Extraordinaries)12.8412.0011.1010.4711.249.987.908.417.95
EPS (Diluted)12.8311.9811.0910.4511.219.957.888.387.91
EBITDA13,125.0012,311.0012,111.0011,400.0012,163.0011,546.0010,044.0010,770.0010,708.00
Non-Operating Income (Expense)674.00661.00387.00528.00473.00297.00287.00245.00179.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense35,177.90130.00103.0096.0078.0062.0018.0041.0068.00
Price To Earnings Ratio23.4423.4420.9523.5818.4725.2826.4421.5617.43
Price To Sales Ratio6.145.625.726.215.197.577.245.884.57
Gross Margin45.3745.6545.3743.5044.8648.2246.9944.2941.78
Operating Margin39.9740.0439.9037.5039.6842.8340.1139.4037.30
Net Margin28.9029.1227.8226.4528.1329.9227.3827.2726.13
Shares Outstanding594.22593.25604.24609.70612.39638.84671.35692.10725.06
Market Capitalization178,643.43178,643.43138,250.85149,729.46127,306.84161,959.75140,313.00125,504.42101,846.48

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue7,197.006,864.006,217.006,085.006,244.006,154.006,027.006,121.00
Cost of Goods Sold Incl. D&A3,896.003,747.003,406.003,354.003,349.003,317.003,302.003,331.00
Gross Profit3,301.003,117.002,811.002,731.002,895.002,837.002,725.002,790.00
Selling, General and Administrative Excl. Other354.00362.00364.00344.00352.00319.00359.00281.00
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income2,947.002,755.002,447.002,387.002,543.002,518.002,366.002,509.00
Interest Expense312.00313.00320.00325.00327.00335.00322.00312.00
Unusual Expense22.000.000.000.000.000.000.000.00
Net Income Before Taxes2,726.002,555.002,229.002,408.002,318.002,313.002,127.002,281.00
Income Taxes650.00562.00528.00560.00530.00437.00501.00519.00
Consolidated Net Income2,076.001,993.001,701.001,848.001,788.001,876.001,626.001,762.00
Net Income From Continuing Operations2,076.001,993.001,701.001,848.001,788.001,876.001,626.001,762.00
Net Income2,076.001,993.001,701.001,848.001,788.001,876.001,626.001,762.00
EPS (Recurring)3.523.362.873.113.013.152.702.91
EPS (Basic, Before Extraordinaries)3.503.362.873.123.023.162.712.92
EPS (Diluted)3.493.362.873.113.013.152.702.91
EBITDA3,608.003,401.003,091.003,025.003,167.003,138.002,981.003,131.00
Non-Operating Income (Expense)113.00113.00102.00346.00102.00130.0083.0084.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense35,000.0028.0020.00129.900.0436.0027.0029.00
Price To Earnings Ratio23.4422.3920.2519.6420.5320.7321.3120.95
Price To Sales Ratio6.146.365.835.605.715.615.865.69
Gross Margin45.8745.4145.2144.8846.3646.1045.2145.58
Operating Margin40.9540.1439.3639.2340.7340.9239.2640.99
Net Margin28.8529.0427.3630.3728.6430.4826.9828.79
Shares Outstanding594.22593.96593.68593.25593.13593.01598.99604.24
Market Capitalization178,643.43161,489.94143,968.52137,210.00140,176.86137,467.28141,582.88138,250.85

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments1,525.001,040.001,081.001,029.001,025.001,866.00904.001,375.001,365.00
Short Term Receivables1,860.001,894.002,073.001,891.001,722.001,505.001,595.001,755.001,493.00
Inventories787.00769.00743.00741.00621.00638.00751.00742.00749.00
Other Current Assets383.00318.00251.00291.00183.00205.00209.00291.00399.00
Total Current Assets4,555.004,021.004,148.003,952.003,551.004,214.003,459.004,163.004,006.00
Net Property, Plant & Equipment60,681.0059,640.0059,041.0057,710.0056,658.0055,771.0055,728.0052,679.0051,605.00
Total Investments and Advances2,890.002,672.002,614.002,379.002,245.002,176.002,062.001,925.001,809.00
Long-Term Note Receivable64.0069.0071.0058.0051.0051.00---
Deferred Tax Assets726.00764.00824.00879.00957.001,068.00533.00501.00523.00
Other Assets1,508.001,313.001,258.001,350.001,020.00186.00424.00380.00386.00
Total Assets70,424.0068,479.0067,956.0066,328.0064,482.0063,466.0062,206.0059,648.0058,329.00
Short Term Debt Incl. Current Port. of LT Debt1,790.001,771.001,778.002,009.002,496.001,390.001,619.001,466.00800.00
Accounts Payable804.00847.00856.00784.00752.00612.00749.00872.001,013.00
Income Tax Payable491.00605.00685.00628.00823.00635.00496.00694.00547.00
Other Current Liabilities1,929.002,031.001,787.002,099.001,673.001,536.001,487.001,594.001,579.00
Total Current Liabilities5,014.005,254.005,106.005,520.005,744.004,173.004,351.004,626.003,939.00
Long Term Debt31,032.0030,692.0032,401.0032,948.0028,992.0026,943.0025,414.0020,925.0016,144.00
Provision for Risks Charges0.000.000.000.000.000.00678.00714.00781.00
Deferred Tax Liabilities14,147.0013,915.0013,947.0013,912.0013,632.0013,315.0012,525.0011,803.0011,459.00
Other Liabilities1,764.001,728.001,714.001,785.001,953.002,077.001,110.001,157.001,150.00
Total Liabilities51,957.0051,589.0053,168.0054,165.0050,321.0046,508.0044,078.0039,225.0033,473.00
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity18,467.0016,890.0014,788.0012,163.0014,161.0016,958.0018,128.0020,423.0024,856.00
Total Shareholders Equity18,467.0016,890.0014,788.0012,163.0014,161.0016,958.0018,128.0020,423.0024,856.00
Accumulated Minority Interest0.000.000.000.000.000.000.000.000.00
Total Equity18,467.0016,890.0014,788.0012,163.0014,161.0016,958.0018,128.0020,423.0024,856.00
Total Liabilities & Stockholders Equity70,424.0068,479.0067,956.0066,328.0064,482.0063,466.0062,206.0059,648.0058,329.00
Book Value Per Share31.1327.9524.2519.8622.1725.2626.1928.1731.83
Tangible Book Value Per Share31.1327.9524.2519.8622.1725.2626.1928.1731.83
Full-Time Employees29,28730,33631,49030,71729,90530,96037,48341,96741,992
Price to Book Ratio8.118.3510.6910.8611.378.246.904.915.53
Return on Assets10.289.899.5010.7010.208.519.7110.1118.62
Return on Equity40.3842.6047.3453.1741.9230.4930.7126.3547.83
Return on Invested Capital14.4214.1813.5215.5115.1212.1813.5914.4326.13
Quick Ratio0.750.620.670.580.510.860.620.740.83
Current Ratio0.910.770.810.720.621.010.790.901.02

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income7,618.007,138.006,747.006,379.006,998.006,523.005,349.005,919.005,966.00
Depreciation2,538.002,465.002,398.002,318.002,246.002,208.002,210.002,216.002,191.00
Other Funds (Non Cash)-167.00-193.00-13.00-132.00-152.00-56.00375.0078.00317.00
Funds from Operations10,265.009,651.009,160.008,682.009,354.008,829.008,274.008,779.008,812.00
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital262.00-361.00186.00-303.008.00203.00266.00-170.00-126.00
Income Taxes Payable491.00-206.00-87.00129.00-273.00188.00170.00-229.00278.00
Cash from Operating Activities10,527.009,290.009,346.008,379.009,362.009,032.008,540.008,609.008,686.00
Capital Expenditures-3,833.00-3,791.00-3,452.00-3,606.00-3,620.00-2,936.00-2,927.00-3,453.00-3,437.00
Net Assets From Acquisitions0.000.000.000.000.000.000.000.000.00
Sale of Fixed Assets and Businesses0.000.000.000.00194.00178.00149.0074.0063.00
Purchase or Sale of Investments-625.000.000.000.000.0024.005.0015.000.00
Purchase of Investments-975.000.000.000.00-46.00-70.00-136.00-115.00-90.00
Sale Or Maturity of Investments350.000.000.000.0046.0094.00141.00130.0090.00
Other Uses0.000.000.00-61.00-45.000.000.00-71.00-37.00
Other Sources31.0029.00127.000.000.0025.0097.000.000.00
Cash from Investing Activities-4,427.00-3,762.00-3,325.00-3,667.00-3,471.00-2,709.00-2,676.00-3,435.00-3,411.00
Cash Dividends Paid-3,302.00-3,236.00-3,213.00-3,173.00-3,159.00-2,800.00-2,626.00-2,598.00-2,299.00
Change in Capital Stock-26.00-2,679.00-1,505.00-705.00-6,282.00-7,291.00-3,705.00-5,804.00-8,225.00
Repurchase of Common Pref Stock-26.00-2,679.00-1,505.00-705.00-6,282.00-7,291.00-3,705.00-5,804.00-8,225.00
Sale of Common Pref Stock0.000.000.000.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-1,523.00567.00-1,426.00-591.003,584.002,957.001,496.002,776.005,350.00
Change in Long Term Debt-1,523.00567.00-1,426.00-591.003,789.002,632.001,623.002,776.005,350.00
Issuance of Long Term Debt0.001,995.00800.001,599.006,080.004,201.004,004.003,986.007,086.00
Reduction of Long Term Debt-1,523.00-1,428.00-2,226.00-2,190.00-2,291.00-1,569.00-2,381.00-1,210.00-1,736.00
Net Financing Active Other Cash Flow139.0072.0077.00-156.00-30.00-24.00-67.00-20.00-48.00
Other Financing Activities Uses0.000.000.00-156.00-30.00-24.00-67.00-20.00-48.00
Cash from Financing Activities-4,712.00-5,276.00-6,067.00-4,625.00-5,887.00-7,158.00-4,902.00-5,646.00-5,222.00
Net Change in Cash1,388.00252.00-46.0087.004.00-835.00962.00-472.0053.00
Free Cash Flow6,694.005,499.005,894.004,773.005,742.006,096.005,613.005,156.005,249.00
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow47.6960.9151.7793.6750.0250.1047.3449.9035.34
Deferred Taxes & Investment Tax Credit-241.0028.00117.00262.00154.00340.00566.00338.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments3,087.002,116.001,044.001,525.00845.001,098.00
Short Term Receivables2,140.002,130.001,986.001,860.001,921.001,915.00
Inventories985.00919.00838.00787.00782.00774.00
Other Current Assets305.00368.00347.00383.00356.00396.00
Total Current Assets6,517.005,533.004,215.004,555.003,904.004,183.00
Net Property, Plant & Equipment61,427.0061,074.0060,862.0060,681.0060,482.0060,210.00
Total Investments and Advances3,036.002,984.002,961.002,890.002,846.002,793.00
Deferred Tax Assets---726.00--
Other Assets1,568.001,620.001,544.001,508.001,344.001,320.00
Total Assets72,609.0071,211.0069,644.0070,424.0068,647.0068,576.00
Short Term Debt Incl. Current Port. of LT Debt1,514.001,521.001,102.001,790.001,798.002,834.00
Accounts Payable1,038.00931.00940.00804.00853.00815.00
Income Tax Payable1,218.001,252.00845.00491.00767.00910.00
Other Current Liabilities1,835.001,908.001,715.001,929.001,802.001,893.00
Total Current Liabilities5,605.005,612.004,602.005,014.005,220.006,452.00
Long Term Debt29,598.0029,648.0030,403.0031,032.0031,050.0031,122.00
Provision for Risks Charges0.000.000.000.000.000.00
Deferred Tax Liabilities13,640.0013,525.0013,475.0014,147.0013,329.0013,029.00
Other Liabilities1,748.001,753.001,746.001,764.001,744.001,715.00
Total Liabilities50,591.0050,538.0050,226.0051,957.0051,343.0052,318.00
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity22,018.0020,673.0019,418.0018,467.0017,304.0016,258.00
Total Shareholders Equity22,018.0020,673.0019,418.0018,467.0017,304.0016,258.00
Accumulated Minority Interest0.000.000.000.000.000.00
Total Equity22,018.0020,673.0019,418.0018,467.0017,304.0016,258.00
Total Liabilities & Stockholders Equity72,609.0071,211.0069,644.0070,424.0068,647.0068,576.00
Book Value Per Share37.0534.8132.7131.1329.1727.42
Tangible Book Value Per Share37.0534.8132.7131.1329.1727.42
Full-Time Employees28,540--29,287--
Price to Book Ratio8.118.327.797.938.628.59
Return on Assets10.7910.4910.4410.2810.3510.17
Return on Equity38.7539.7040.6940.3841.6242.36
Return on Invested Capital4.023.963.413.733.703.96
Quick Ratio0.990.820.730.750.600.53
Current Ratio1.160.990.920.910.750.65

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income2,076.001,993.001,701.001,848.001,788.001,876.00
Depreciation643.00638.00633.00624.00618.00613.00
Other Funds (Non Cash)26.0032.00-26.00-199.0049.00-21.00
Funds from Operations2,859.002,702.002,362.002,342.002,750.002,352.00
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-73.00374.0078.00-117.00-228.00-19.00
Income Taxes Payable-12.00402.00426.00-325.00-143.00-101.00
Cash from Operating Activities2,786.003,076.002,440.002,225.002,522.002,333.00
Capital Expenditures-1,024.00-873.00-937.00-999.00-950.00-936.00
Net Assets From Acquisitions0.000.000.000.000.000.00
Sale of Fixed Assets and Businesses0.000.000.000.000.000.00
Purchase or Sale of Investments-625.000.000.000.000.000.00
Purchase of Investments-975.000.000.000.000.000.00
Sale Or Maturity of Investments350.000.000.000.000.000.00
Other Uses254.00-203.00-51.000.000.0032.00
Other Sources3.000.000.0028.00-2.003.00
Cash from Investing Activities-1,392.00-1,076.00-988.00-971.00-952.00-901.00
Cash Dividends Paid-844.00-819.00-821.00-818.00-819.00-795.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock0.00-26.000.000.000.00-959.00
Repurchase of Common Pref Stock0.00-26.000.000.000.00-959.00
Sale of Common Pref Stock0.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-13.00-334.00-1,172.00-4.00-1,015.00-40.00
Change in Long Term Debt-13.00-334.00-1,172.00-4.00-1,015.00-40.00
Issuance of Long Term Debt0.000.000.000.000.00-1.00
Reduction of Long Term Debt-13.00-334.00-1,172.00-4.00-1,015.00-39.00
Net Financing Active Other Cash Flow58.0051.0012.0018.0011.0023.00
Other Financing Activities Uses0.000.000.000.000.000.00
Cash from Financing Activities-799.00-1,128.00-1,981.00-804.00-1,823.00-1,771.00
Net Change in Cash595.00872.00-529.00450.00-253.00-339.00
Free Cash Flow1,762.002,203.001,503.001,226.001,572.001,397.00
Price to Free Cash Flow47.6950.0758.9060.6750.3545.06

Revenue breakdown

Accessorial Revenues2024: 554.00M 2025: 475.00M
Bulk2024: 7.21B 2025: 7.59B
Industrial2024: 8.44B 2025: 8.60B
Other Miscellaneous Product and Service Revenues2024: 97.00M 2025: 97.00M
Other Subsidiary Revenues2024: 788.00M 2025: 718.00M
Premium2024: 7.16B 2025: 7.03B
United States2024: 24.25B 2025: 24.51B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-305.14%30.5M593.1M2.44M
2026-10-154.71%27.9M593.1M2.64M
2026-09-304.68%27.8M592.9M2.66M
2026-09-154.63%27.4M592.9M2.68M
2026-08-314.68%27.7M592.9M2.77M
2026-08-144.38%25.9M592.8M2.96M
2026-07-314.43%26.3M592.8M2.98M
2026-07-154.77%28.2M592.4M2.94M
2026-06-304.81%28.5M592.4M3.00M
2026-06-154.97%29.5M592.2M2.97M
2026-05-295.01%29.7M592.4M3.03M
2026-05-154.88%28.9M592.6M2.96M
2026-04-304.96%29.4M592.5M3.33M
2026-04-154.48%26.5M592.6M3.39M
2026-03-314.76%28.2M592.3M3.44M
2026-03-134.48%26.5M592.3M3.31M
2026-02-274.70%27.9M592.3M3.37M
2026-02-134.75%28.1M592.3M3.40M
2026-01-304.48%26.5M592.1M3.12M
2026-01-154.27%25.3M592.2M3.03M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call155144.1147.10.005.5490.000.000.987-0.7950.008
call160139.1142.10.005.3180.000.000.986-0.7910.008
call165134.1137.10.005.0940.000.000.985-0.7860.008
call170129.1132.10.004.8760.000.000.985-0.7810.009
call175124.1127.10.004.6640.000.000.984-0.7750.009
call180119.1122.10.004.4570.000.000.983-0.7690.009
call185114117.10.004.2560.000.000.982-0.7630.010
call190109.11120.004.1150.000.000.982-0.7570.010
call195104.11070.003.9210.000.000.981-0.7500.011
call20099.10102100.63.8064.000.000.980-0.7430.011
call20594.1097.1095.603.5829.000.000.979-0.7350.012
call21089.1092.1090.603.3981.000.000.977-0.7280.012
call21584.1087.100.003.3470.000.000.976-0.7190.013
call22079.2082.100.003.0710.000.000.975-0.7100.013
call22574.1077.100.002.8650.000.000.973-0.7010.014
call23069.1071.800.002.6000.000.000.971-0.6900.015
call23564.1067.1058.952.5231.000.000.969-0.6800.016
call24059.2062.1053.952.3551.000.000.967-0.6680.016
call24554.2057.100.002.1890.000.000.965-0.6550.018
call25049.2051.800.001.9470.000.000.962-0.6410.019
call252.546.7049.600.001.9110.000.000.960-0.6340.019
call25544.2047.100.001.8300.000.000.959-0.6260.020
call257.541.7044.700.001.7500.000.000.957-0.6180.021
call26039.2042.100.001.6690.000.000.955-0.6090.022
call262.536.7039.6035.601.5880.000.000.952-0.6000.022
call26534.2037.100.001.5330.000.000.949-0.5890.023
call267.531.7034.6030.601.4510.000.000.947-0.5790.025
call27029.1031.900.001.3370.000.000.943-0.5680.026
call272.526.6029.600.001.2860.000.000.935-0.6000.029
call27524.2027.1010.401.2033.000.000.926-0.6270.032
call277.521.7024.600.001.1190.000.000.916-0.6510.035
call28019.2022.209.791.0512.000.000.903-0.6790.039
call282.516.8019.800.000.9810.000.000.880-0.7590.045
call28514.3016.5011.700.7662.000.000.874-0.6830.047
call287.512.0014.9013.250.8011.000.000.842-0.7580.054
call2909.5012.308.000.6955.000.000.818-0.7320.060
call292.57.2010.106.400.63839.000.000.725-1.0540.075
call2955.107.504.480.52338.000.000.683-0.9290.081
call297.53.106.304.610.56113.000.000.601-0.9300.087
call3001.504.703.090.52953.0012.000.500-0.9190.090
call302.50.403.902.700.5657.000.000.411-1.0230.088
call3050.052.101.460.4592440.000.299-0.7890.078
call307.50.051.650.900.48914.000.000.235-0.7610.069
call3100.052.650.370.57063.000.000.218-0.8860.066
call312.50.050.700.420.48014.0018.000.135-0.5820.049
call3150.050.250.180.4204750.000.080-0.3720.034
call317.50.002.200.230.4461.000.000.097-0.5000.039
call3200.002.201.650.5231990.000.057-0.3390.026
call322.50.002.150.000.5470.000.000.073-0.4690.032
call3250.002.150.450.61062.000.000.054-0.3860.025
call327.50.002.150.000.6420.000.000.051-0.3840.024
call3300.002.150.050.6873.000.000.042-0.3410.021
call332.50.002.150.000.7320.000.000.038-0.3300.019
call3350.002.150.000.7770.000.000.036-0.3360.018
call337.50.002.150.000.8190.000.000.035-0.3410.017
call3400.002.150.000.8630.000.000.033-0.3460.017
call3450.002.150.000.9460.000.000.031-0.3550.016
call3500.002.150.001.0270.000.000.028-0.3640.015
call3550.002.150.001.1060.000.000.027-0.3720.014
call3600.002.150.001.1830.000.000.025-0.3790.013
call3650.002.150.001.2650.000.000.024-0.3860.013
call3700.002.150.001.3380.000.000.023-0.3920.012
call3750.002.150.001.4020.000.000.022-0.3970.012
call3800.002.150.001.4720.000.000.021-0.4020.011
call3850.002.150.001.5440.000.000.020-0.4080.011
call3900.002.150.001.6080.000.000.019-0.4120.011
put1550.002.150.003.9440.000.00-0.009-0.5210.006
put1600.002.150.003.7720.000.00-0.009-0.5180.006
put1650.002.150.003.6040.000.00-0.010-0.5150.006
put1700.002.150.003.4420.000.00-0.010-0.5110.006
put1750.002.150.003.2840.000.00-0.011-0.5080.007
put1800.002.150.003.1300.000.00-0.011-0.5040.007
put1850.002.150.002.9810.000.00-0.012-0.5000.007
put1900.002.150.002.8340.000.00-0.012-0.4960.007
put1950.002.150.002.6910.000.00-0.013-0.4910.008
put2000.002.150.002.5520.000.00-0.014-0.4870.008
put2050.002.150.002.4150.000.00-0.014-0.4820.008
put2100.002.150.002.2810.000.00-0.015-0.4770.009
put2150.002.150.002.1490.000.00-0.016-0.4710.009
put2200.002.150.002.0200.000.00-0.017-0.4650.010
put2250.002.150.001.8930.000.00-0.018-0.4590.010
put2300.002.150.001.7690.000.00-0.019-0.4530.011
put2350.002.150.001.6460.000.00-0.021-0.4460.011
put2400.002.150.001.5240.000.00-0.022-0.4380.012
put2450.002.150.001.4050.000.00-0.024-0.4300.013
put2500.002.150.681.40056.000.00-0.038-0.6290.019
put252.50.000.750.001.0300.000.00-0.024-0.2710.015
put2550.000.950.621.27452.000.00-0.041-0.6130.020
put257.50.002.150.001.1110.000.00-0.030-0.4060.015
put2600.002.151.101.1481.000.00-0.045-0.5950.022
put262.50.002.150.000.9950.000.00-0.033-0.3950.017
put2650.002.150.151.0224.000.00-0.050-0.5760.023
put267.50.002.150.000.8790.000.00-0.037-0.3820.018
put2700.002.150.050.8972020.00-0.057-0.5550.026
put272.50.002.150.000.7640.000.00-0.043-0.3840.021
put2750.002.150.200.77019.000.00-0.073-0.6060.031
put277.50.000.550.300.70780.000.00-0.083-0.6270.034
put2800.000.500.120.64057.000.00-0.097-0.6630.039
put282.50.002.250.000.6110.000.00-0.112-0.6950.043
put2850.000.600.500.5391290.00-0.123-0.6520.046
put287.50.051.150.410.46785.000.00-0.161-0.7560.055
put2900.150.600.370.40023.0040.00-0.182-0.7150.060
put292.50.052.750.840.53320.000.00-0.275-1.0360.075
put2950.052.351.250.43761.000.00-0.317-0.9120.081
put297.50.351.951.940.33241.000.00-0.399-0.9120.087
put3002.002.852.290.30810.0020.00-0.500-0.9010.090
put302.52.654.907.690.3770.000.00-0.589-1.0040.088
put3054.206.407.910.3511.000.00-0.701-0.7700.078
put307.56.308.604.640.3885.000.00-0.765-0.7420.069
put3108.5011.4010.400.4932.000.00-0.787-0.8510.066
put312.511.0013.500.000.5120.000.00-0.864-0.5630.049
put31513.4016.000.000.5510.000.00-0.924-0.3340.032
put317.515.8018.600.000.6440.000.00-0.930-0.3500.030
put32018.3021.000.000.7010.000.00-0.939-0.3450.027
put322.520.8023.400.000.6400.000.00-0.950-0.3050.023
put32523.3025.900.000.6920.000.00-0.954-0.3070.022
put327.525.8028.400.000.7430.000.00-0.958-0.3080.020
put33028.3031.300.001.0040.000.00-0.961-0.3090.019
put332.530.8033.500.000.9310.000.00-0.963-0.3140.018
put33533.3036.100.001.0630.000.00-0.964-0.3200.018
put337.535.8038.600.001.0280.000.00-0.966-0.3250.017
put34038.3041.100.001.1140.000.00-0.967-0.3290.016
put34543.3046.000.001.1920.000.00-0.970-0.3390.015
put35048.3051.100.001.3210.000.00-0.972-0.3460.015
put35553.3056.100.001.3980.000.00-0.973-0.3530.014
put36058.3060.800.001.4370.000.00-0.975-0.3600.013
put36563.3066.100.001.5740.000.00-0.976-0.3650.013
put37068.3071.100.001.6760.000.00-0.977-0.3710.012
put37573.3076.100.001.7420.000.00-0.978-0.3760.012
put38078.3080.800.001.7670.000.00-0.979-0.3810.011
put38583.3085.800.001.8440.000.00-0.980-0.3860.011
put39088.3091.100.001.9800.000.00-0.981-0.3890.011

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-10-2210-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-10-228-KCurrent report2026-10-22SEC
2026-10-204Statement of changes in beneficial ownership of securities2026-10-10SEC
2026-10-204Statement of changes in beneficial ownership of securities2026-10-10SEC
2026-10-204Statement of changes in beneficial ownership of securities2026-10-10SEC
2026-10-168-KCurrent report2026-10-16SEC
2026-10-014Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-014Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-014Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-014Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-014Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-014Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-014Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-014Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-014Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-09-114Statement of changes in beneficial ownership of securities2026-09-10SEC
2026-09-114Statement of changes in beneficial ownership of securities2026-09-10SEC
2026-09-114Statement of changes in beneficial ownership of securities2026-09-10SEC
2026-09-114Statement of changes in beneficial ownership of securities2026-09-10SEC
2026-09-114Statement of changes in beneficial ownership of securities2026-09-10SEC
2026-09-044Statement of changes in beneficial ownership of securities2026-09-04SEC
2026-08-114Statement of changes in beneficial ownership of securities2026-08-10SEC
2026-08-114Statement of changes in beneficial ownership of securities2026-08-10SEC
2026-08-114Statement of changes in beneficial ownership of securities2026-08-10SEC
2026-08-114Statement of changes in beneficial ownership of securities2026-08-10SEC
2026-08-114Statement of changes in beneficial ownership of securities2026-08-10SEC
2026-07-2310-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-07-238-KCurrent report2026-07-23SEC
2026-07-134Statement of changes in beneficial ownership of securities2026-07-10SEC
2026-07-134Statement of changes in beneficial ownership of securities2026-07-10SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-070000
2026-0600789.50K1
2026-050000
2026-04007.99M2
2026-0300469.63K1
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
BlackRock, Inc.8.07%
VANGUARD CAPITAL MANAGEMENT LLC6.53%
STATE STREET CORP4.70%
Capital World Investors4.57%
Capital Research Global Investors2.88%
GEODE CAPITAL MANAGEMENT, LLC2.82%
JPMORGAN CHASE & CO2.64%
MORGAN STANLEY2.46%
BANK OF AMERICA CORP /DE/2.45%
VANGUARD PORTFOLIO MANAGEMENT LLC2.41%

Funds

Fund% owned
Permanent Portfolio6.73%
THE ARBITRAGE FUND5.04%
VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND5.01%
VANGUARD WELLESLEY INCOME FUND3.23%
VANGUARD TOTAL STOCK MARKET INDEX FUND3.17%
VANGUARD 500 INDEX FUND2.59%
iShares iBoxx $ Investment Grade Corporate Bond ETF2.38%
VANGUARD LONG-TERM INVESTMENT-GRADE FUND2.38%
VANGUARD SHORT-TERM BOND INDEX FUND2.18%
VANGUARD TOTAL BOND MARKET INDEX FUND1.99%

OakChart. UNP. Cached 15 minutes.