Union Pacific (UNP) FCF Margin (2009 - 2026)

Union Pacific (UNP) posted FCF Margin of 32.09% for Q2 2026, up 32.76% sequentially from 24.18% in Q1 2026, and up 939.0% YoY from 3.09% in Q2 2025.

Union Pacific (UNP) FCF Margin (2009 - 2026) Analysis & Trends

Union Pacific has reported FCF Margin for 18 years, with the latest figure at 32.09% in Q2 2026.

Quarterly FCF Margin rose 939.0% year-over-year to 32.09% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 25.6% (down 7.0% YoY) and the FY2025 annual result came in at 22.44%, down 187.0% from the prior year.
FCF Margin improved to 32.09% in Q2 2026 per UNP's latest filing, from 24.18% in the prior quarter.
Over five years, FCF Margin peaked at 32.09% in Q2 2026 and troughed at 16.8% in Q2 2024.
A 5-year average of 23.01% and a median of 22.15% in 2022 frame the typical range for FCF Margin.
The sharpest annual moves came in 2022 and 2024: FCF Margin tumbled 1111 bps in 2022, then jumped 1051 bps in 2024.
Over 5 years, FCF Margin stood at 22.04% in 2022, then climbed by 1 bps to 22.26% in 2023, then grew by 28 bps to 28.43% in 2024, then declined by 29 bps to 20.15% in 2025, then soared by 59 bps to 32.09% in 2026.
According to Business Quant data, FCF Margin over the past three periods registered 32.09%, 24.18%, and 20.15% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	FCF Margin (Qtr)
1	Union Pacific	180.52 Bn	178.40 Bn	6.50 Bn	32.09%
2	Csx	94.59 Bn	93.20 Bn	3.29 Bn	19.09%
3	Canadian Pacific Kansas City	84.21 Bn	83.94 Bn	2.92 Bn	23.25%
4	Canadian National Railway	78.52 Bn	78.52 Bn	-	-
5	Norfolk Southern	77.93 Bn	76.86 Bn	-	17.75%
6	Westinghouse Air Brake Technologies	49.47 Bn	48.80 Bn	1.16 Bn	11.92%
7	Trinity Industries	2.37 Bn	2.21 Bn	109.90 Mn	-3.40%
8	Greenbrier Companies	1.42 Bn	1.15 Bn	81.10 Mn	-49.68%
9	Foster L B	390.24 Mn	384.46 Mn	30.87 Mn	10.32%
10	FreightCar America	228.00 Mn	163.70 Mn	-	-

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