Union Pacific (UNP) Debt Ratio (2009 - 2026)
Union Pacific's Debt Ratio came in at 0.42 for Q3 2026, down 9.9% from 0.46 a year earlier and down 1.9% from the prior quarter.
Powered by 
Analysis
Union Pacific (UNP) Debt Ratio (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Union Pacific reported Debt Ratio of 1.70, down 9.7% year-over-year; for FY2025, it was 0.46, down 0.9% from FY2024.
- Debt Ratio has declined in each of the last three years.
- Going back by year, Debt Ratio was 0.46 in FY2024 (-5.1%), 0.49 in FY2023 (-4.7%), 0.51 in FY2022 (+8.8%) and 0.47 in FY2021 (+9.3%).
- The Q3 2026 figure represents the lowest quarterly Debt Ratio since Q4 2019.
- Year-over-year, Debt Ratio has declined for five consecutive quarters, with an average decline of 4.1% over the last eight quarters.
- The fastest year-over-year change in Debt Ratio over five years came in Q1 2022 (growth of 16.6%), and the weakest in Q2 2026 (a decline of 11.0%).
- Business Quant data shows UNP's Debt Ratio at 0.43 (Q2 2026), 0.44 (Q1 2026) and 0.46 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 176.01 Bn | 168.25 Bn | - | 0.42 |
| 2 | Csx | 93.62 Bn | 88.85 Bn | - | 0.42 |
| 3 | United Parcel Service | 92.85 Bn | 69.67 Bn | - | 0.36 |
| 4 | Canadian Pacific Kansas City | 82.31 Bn | 81.35 Bn | - | 0.29 |
| 5 | Fedex | 74.59 Bn | 40.78 Bn | - | 0.25 |
| 6 | Norfolk Southern | 72.94 Bn | 67.40 Bn | - | 0.36 |
| 7 | Delta Air Lines | 59.87 Bn | 42.05 Bn | - | 0.16 |
| 8 | United Airlines Holdings | 39.08 Bn | -18.61 Bn | - | 0.31 |
| 9 | Old Dominion Freight Line | 34.91 Bn | 33.76 Bn | - | 0.00 |
| 10 | Ryanair Holdings | 32.51 Bn | -871.89 Mn | - | 0.07 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.42 |
| Jun 30, 2026 | 0.43 |
| Mar 31, 2026 | 0.44 |
| Dec 31, 2025 | 0.46 |
| Sep 30, 2025 | 0.46 |
| Jun 30, 2025 | 0.48 |
| Mar 31, 2025 | 0.48 |
| Dec 31, 2024 | 0.46 |
| Sep 30, 2024 | 0.46 |
| Jun 30, 2024 | 0.47 |
| Mar 31, 2024 | 0.47 |
| Dec 31, 2023 | 0.49 |
| Sep 30, 2023 | 0.49 |
| Jun 30, 2023 | 0.50 |
| Mar 31, 2023 | 0.51 |
| Dec 31, 2022 | 0.51 |
| Sep 30, 2022 | 0.51 |
| Jun 30, 2022 | 0.50 |
| Mar 31, 2022 | 0.50 |
| Dec 31, 2021 | 0.47 |
API Access
Union Pacific Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=UNP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "UNP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=UNP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();