Union Pacific (UNP) Debt to Equity (2009 - 2026)

Union Pacific has disclosed Debt to Equity across 18 years of filings, most recently posting $1.58 for Q1 2026.

• Debt to Equity for Q1 2026 came in at $1.58, down 22.91% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.58 (down 22.91% YoY), and the FY2025 annual result was $1.72, down 6.72% from the prior year.
• Debt to Equity came in at $1.58 for Q1 2026 at Union Pacific, down from $1.72 in the prior quarter.
• In the past five years, Debt to Equity ranged from a high of $2.85 in Q3 2022 to a low of $1.58 in Q1 2026.
• The 5-year median for Debt to Equity is $2.05 (2025), against an average of $2.21.
• Across the five-year window, Debt to Equity jumped 65.08% in 2022 and fell 24.87% in 2024, its largest moves.
• Union Pacific's Debt to Equity stood at $2.74 in 2022, then decreased by 19.59% to $2.2 in 2023, then declined by 16.17% to $1.85 in 2024, then slipped by 6.72% to $1.72 in 2025, then declined by 8.37% to $1.58 in 2026.
• The last three Debt to Equity figures came in at $1.58 (Q1 2026), $1.72 (Q4 2025), and $1.84 (Q3 2025), per Business Quant data.