Screener / SEC EDGAR /CIK 0000100885 /10-K filed Feb 6, 2026, compared with Feb 7, 2025 /Numbers from the XBRL of the 10-Ks
Industrials peers:
NYSE Industrials · Railroads

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
Compare with peers Embed

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.

Compare
Revenue growth: 1.1%, above 25% of 81 peers (their median 4.9%) REVENUE GROWTH 1.1% · above 25% Operating margin: 40.1%, above 97% of 71 peers (their median 17.5%) OPERATING MARGIN 40.1% · above 97% Net margin: 28.9%, above 99% of 81 peers (their median 13.0%) NET MARGIN 28.9% · above 99% FCF margin: 25.4%, above 95% of 78 peers (their median 13.0%) FCF MARGIN 25.4% · above 95% Return on capital: 14.6%, above 54% of 65 peers (their median 13.8%) RETURN ON CAPITAL 14.6% · above 54%
UNP Peer median Below the median

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.

How it works

0facts worth reading about all 10 checks found nothing to note

  • Receivables -1.8% vs revenue +1.1% (-2.9 pts)
  • Cash from operations $9.3B vs net income $7.1B (FY ending Dec 31, 2025)
  • Same auditor in both 10-Ks: Deloitte & Touche LLP
7 more checks with nothing to note
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No longer listed: Table of Contents. Same as last year: Capitalization of Properties
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • 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.

All 40 new paragraphs
  1. 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

All years
MetricFY2022FY2023FY2024FY2025
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

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

3 filings in the last 30 days · SEC EDGAR

All filings

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.

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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.

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