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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Union Pacific (UNP) Gross Margin (2016 - 2025)

Union Pacific's Gross Margin history spans 17 years, with the latest figure at 81.87% for Q4 2025.

  • For Q4 2025, Gross Margin fell 863.0% year-over-year to 81.87%; the TTM value through Dec 2025 reached 90.25%, down 305.0%, while the annual FY2025 figure was 90.25%, 45.0% up from the prior year.
  • Gross Margin for Q4 2025 was 81.87% at Union Pacific, down from 94.36% in the prior quarter.
  • Across five years, Gross Margin topped out at 121.0% in Q4 2022 and bottomed at 76.03% in Q3 2023.
  • The 5-year median for Gross Margin is 93.82% (2021), against an average of 93.53%.
  • The largest YoY upside for Gross Margin was 1816bps in 2024 against a maximum downside of -2061bps in 2024.
  • A 5-year view of Gross Margin shows it stood at 104.03% in 2021, then increased by 16bps to 121.0% in 2022, then decreased by -8bps to 111.12% in 2023, then decreased by -19bps to 90.51% in 2024, then decreased by -10bps to 81.87% in 2025.
  • Per Business Quant, the three most recent readings for UNP's Gross Margin are 81.87% (Q4 2025), 94.36% (Q3 2025), and 90.64% (Q2 2025).