Union Pacific (UNP) FCF Margin (2009 - 2026)
Union Pacific (UNP) recorded FCF Margin of 32.09% in Q2 2026, up 9.39 percentage points from 22.70% a year earlier and up 7.92 percentage points from the prior quarter.
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Analysis
Union Pacific (UNP) FCF Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Union Pacific's FCF Margin came in at 25.60% as of Jun 30, 2026, down 0.07 percentage points year-over-year; for FY2025, it came in at 22.44%, down 1.87 percentage points from FY2024.
- Annual FCF Margin has a five-year change of -6.30 percentage points (FY2020 to FY2025).
- Across earlier years, FCF Margin came in at 24.31% in FY2024 (+4.52 pp), 19.79% in FY2023 (-3.29 pp), 23.08% in FY2022 (-4.87 pp) and 27.96% in FY2021 (-0.78 pp).
- The Q2 2026 figure is the highest quarterly FCF Margin since Q4 2020.
- On a year-over-year basis, FCF Margin rose in five of the last eight quarters, with an average year-over-year change of +2.65 percentage points.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 10.51 percentage points in Q3 2024, against a drop of 11.11 percentage points in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 24.18% (Q1 2026), 20.15% (Q4 2025) and 25.18% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.83 Bn | 157.35 Bn | - | 32.09% |
| 2 | Csx | 86.94 Bn | 83.15 Bn | - | 19.09% |
| 3 | Canadian Pacific Kansas City | 76.07 Bn | 75.78 Bn | - | 23.25% |
| 4 | United Parcel Service | 70.39 Bn | 47.31 Bn | - | 0.73% |
| 5 | Norfolk Southern | 70.35 Bn | 64.99 Bn | - | 17.75% |
| 6 | Fedex | 68.01 Bn | 33.95 Bn | - | 7.16% |
| 7 | Delta Air Lines | 55.83 Bn | 38.01 Bn | - | 12.05% |
| 8 | Old Dominion Freight Line | 36.82 Bn | 36.08 Bn | - | 12.59% |
| 9 | Ryanair Holdings | 28.96 Bn | 12.97 Bn | 3.13 Bn | 10.83% |
| 10 | Copart | 25.14 Bn | 9.56 Bn | 645.66 Mn | 24.19% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 32.09% |
| Mar 31, 2026 | 24.18% |
| Dec 31, 2025 | 20.15% |
| Sep 30, 2025 | 25.18% |
| Jun 30, 2025 | 22.70% |
| Mar 31, 2025 | 21.64% |
| Dec 31, 2024 | 28.43% |
| Sep 30, 2024 | 29.88% |
| Jun 30, 2024 | 16.80% |
| Mar 31, 2024 | 21.97% |
| Dec 31, 2023 | 22.26% |
| Sep 30, 2023 | 19.37% |
| Jun 30, 2023 | 19.84% |
| Mar 31, 2023 | 17.64% |
| Dec 31, 2022 | 22.04% |
| Sep 30, 2022 | 28.30% |
| Jun 30, 2022 | 18.09% |
| Mar 31, 2022 | 23.69% |
| Dec 31, 2021 | 26.83% |
| Sep 30, 2021 | 27.47% |
API Access
Union Pacific FCF Margin 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=fcf-margin&ticker=UNP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=UNP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();