Union Pacific (UNP) Return on Invested Capital [ROIC] (2009 - 2026)
Union Pacific's Return on Invested Capital [ROIC] came in at 15.71% for Q3 2026, down 0.14 percentage points from 15.84% a year earlier but up 0.19 percentage points from the prior quarter.
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Analysis
Union Pacific (UNP) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Union Pacific's Return on Invested Capital [ROIC] was 15.59%, down 0.02 percentage points from FY2024.
- Return on Invested Capital [ROIC] carries a five-year change of +1.79 percentage points (FY2020 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was 15.61% in FY2024 (+0.46 pp), 15.16% in FY2023 (-1.96 pp), 17.12% in FY2022 (+0.71 pp) and 16.41% in FY2021 (+2.61 pp).
- The five-year range for quarterly Return on Invested Capital [ROIC] is 14.93% (Q4 2023) to 17.14% (Q3 2022).
- Year-over-year, Return on Invested Capital [ROIC] increased in five of the last eight quarters, with an average year-over-year change of +0.25 percentage points.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q1 2022 (a gain of 3.44 percentage points), and the weakest in Q3 2023 (a drop of 2.07 percentage points).
- Business Quant data shows UNP's Return on Invested Capital [ROIC] at 15.51% (Q2 2026), 15.41% (Q1 2026) and 15.43% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 172.47 Bn | 164.72 Bn | - | 15.71% |
| 2 | United Parcel Service | 92.24 Bn | 69.07 Bn | - | 12.25% |
| 3 | Csx | 90.81 Bn | 86.03 Bn | - | 12.59% |
| 4 | Canadian Pacific Kansas City | 81.61 Bn | 80.64 Bn | - | 5.96% |
| 5 | Fedex | 72.98 Bn | 39.17 Bn | - | 7.49% |
| 6 | Norfolk Southern | 71.87 Bn | 66.34 Bn | - | 9.67% |
| 7 | Delta Air Lines | 57.23 Bn | 39.41 Bn | - | 10.82% |
| 8 | United Airlines Holdings | 36.65 Bn | -21.05 Bn | - | 8.90% |
| 9 | Old Dominion Freight Line | 34.12 Bn | 32.96 Bn | - | 25.01% |
| 10 | Ryanair Holdings | 31.32 Bn | 15.58 Bn | - | 14.81% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 15.71% |
| Jun 30, 2026 | 15.51% |
| Mar 31, 2026 | 15.41% |
| Dec 31, 2025 | 15.43% |
| Sep 30, 2025 | 15.84% |
| Jun 30, 2025 | 15.63% |
| Mar 31, 2025 | 15.36% |
| Dec 31, 2024 | 15.51% |
| Sep 30, 2024 | 15.19% |
| Jun 30, 2024 | 14.97% |
| Mar 31, 2024 | 14.98% |
| Dec 31, 2023 | 14.93% |
| Sep 30, 2023 | 15.07% |
| Jun 30, 2023 | 15.90% |
| Mar 31, 2023 | 16.49% |
| Dec 31, 2022 | 16.88% |
| Sep 30, 2022 | 17.14% |
| Jun 30, 2022 | 16.94% |
| Mar 31, 2022 | 17.02% |
| Dec 31, 2021 | 16.48% |
API Access
Union Pacific Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=UNP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=UNP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();