Union Pacific Corporation UNP
Union Pacific Railroad Company is the principal operating company of Union Pacific Corporation. 10-K, Item 1
- Employees
- 29,287
- Headquarters
- Omaha, NE
- Next results
- around Jan 26, 2027
UNP among Industrials peers
Six ratios from the latest 10-K. Each corner is the share of 81 peers the company is above, not a score.
What changed
40 new risk paragraphs. 10-K filed Feb 6, 2026 against Feb 7, 2025.
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
Accounting checks
10 checks on the latest 10-K. Checks, not verdicts.
0facts worth reading about all 10 checks found nothing to note
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Receivables -1.8% vs revenue +1.1% (-2.9 pts)
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Cash from operations $9.3B vs net income $7.1B (FY ending Dec 31, 2025)
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Same auditor in both 10-Ks: Deloitte & Touche LLP
7 more checks with nothing to note
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No statement of substantial doubt about going concern
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No 8-K item 4.02 in the last 2 years
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No NT 10-K or NT 10-Q in the last 2 years
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No longer listed: Table of Contents. Same as last year: Capitalization of Properties
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No sentence in the 10-K concludes that controls were not effective because of a material weakness
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No 8-K item 2.06 in the last 2 years
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No 8-K item 1.03 in the last 2 years
In their words
40 paragraphs in Risk Factors that were not in the 10-K filed Feb 7, 2025. Quoted as filed.
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Item 1A · new paragraph · not in the 10-K filed Feb 7, 2025 10-K, ITEM 1A
The mergers are subject to conditions, some or all of which may not be satisfied or completed on a timely basis, if at all. Failure to complete the mergers could have material adverse effects on our business — On July 28, 2025, the Company, Norfolk Southern, Ruby Merger Sub 1 Corporation, and Ruby Merger Sub 2 LLC, entered into an…
New risk paragraphs, against peers
Latest 10-K of each, Industrials companies closest in revenue
Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.
Financial performance
Last 4 fiscal years · 10-K XBRL
| Metric | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | $24.9B | $24.1B | $24.2B | $24.5B |
| Net income | $7.0B | $6.4B | $6.7B | $7.1B |
| Operating cash flow | $9.4B | $8.4B | $9.3B | $9.3B |
| Free cash flow | $5.7B | $4.8B | $5.9B | $5.5B |
Revenue, FY2016 to FY2025
Ten fiscal years, each from its own 10-K · XBRL · USD
$24.5B ▲ 1.1% in FY2025$7.1B ▲ 5.8% in FY2025$5.5B ▼ 6.7% in FY2025
Recent filings
3 filings in the last 30 days · SEC EDGAR
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8-KOct 22, 2026Quarterly results 8-K item 2.02
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10-QOct 22, 2026Quarterly report (10-Q) period ended Sep 30, 2026
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OfficerOct 16, 2026CFO change Hamann plans to retire as Executive Vice President and Chief Financial Officer effective in early 2027.
About the company
Union Pacific Corporation, Omaha, NE · from the 10-K filed Feb 6, 2026
Union Pacific Railroad Company is the principal operating company of Union Pacific Corporation. One of America's most recognized companies, Union Pacific Railroad Company connects 23 states in the western two-thirds of the country by rail, providing a critical link in the global supply chain. The Railroad’s diversified business mix includes Bulk, Industrial, and Premium. Union Pacific serves many of the fastest-growing U.S. population centers, operates from all major West Coast and Gulf Coast ports to Eastern gateways, connects with Canada's rail systems, and is the only railroad serving all six major Mexico gateways.
- Headquarters
- Omaha, NE
- Country
- United States
- Reports in
- USD
- Listed on
- NYSE
- Fiscal year ends
- December 31
- Last results
- Oct 22, 2026
- Incorporated in
- UT
Employees, at the top of the page: "We employed an average of 29,287 employees during 2025" (10-K). Address and exchange: SEC's company file.
Email alerts
Sources
The 10-K filed Feb 6, 2026 (open at SEC), compared with the 10-K filed Feb 7, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.
Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/UNP/export.csv") into a cell.