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FCF Margin for Union Pacific (UNP)

As of · Reported

Metric

TTM

23.1%

YoY change

−1.87pp

Trough year (1998)

-14.6%

Peak year (2020)

28.7%

FCF Margin history chart for Union Pacific (UNP) from 1989 to 2025

Latest: 22.4%

FCF Margin change chart for Union Pacific (UNP) from 1989 to 2025

Latest: −1.87pp

FCF Margin history table for Union Pacific (UNP) from 1989 to 2025

  • 202522.4%-1.87pp
  • 202424.3%+4.52pp
  • 202319.8%-3.29pp
  • 202223.1%-4.87pp
  • 202128.0%-0.78pp
  • 202028.7%+4.98pp
  • 201923.8%+0.76pp
  • 201823.0%+4.28pp
  • 201718.7%-1.45pp
  • 201620.2%+7.81pp
  • 201512.4%-0.32pp
  • 201412.7%-2.48pp
  • 201315.1%+3.57pp
  • 201211.6%-1.78pp
  • 201113.4%+3.79pp
  • 20109.6%-12.38pp
  • 200921.9%+16.93pp
  • 20085.0%+4.04pp
  • 20071.0%+0.33pp
  • 20060.7%-2.48pp
  • 20053.1%+0.18pp
  • 20043.0%-2.84pp
  • 20035.8%+2.89pp
  • 20022.9%-0.60pp
  • 20013.5%+2.03pp
  • 20001.5%+1.16pp
  • 19990.3%+14.96pp
  • 1998-14.6%-10.13pp
  • 1997-4.5%-7.90pp
  • 19963.4%-1.91pp
  • 19955.3%+1.29pp
  • 19944.0%+4.15pp
  • 1993-0.1%-1.42pp
  • 19921.3%-1.02pp
  • 19912.3%-1.46pp
  • 19903.7%-1.01pp
  • 19894.8%—

FCF Margin values are taken from Union Pacific's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About FCF Margin at Union Pacific (UNP)

According to Union Pacific's latest reported financial statements, the company's latest reported free cash flow margin is 23.1%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

In 2025, Union Pacific (UNP) free cash flow margin totalled 22.44% – contracted 1.9 percentage points year-over-year.

The highest annual free cash flow margin of 28.74% was reported in 2020. The lowest in the available history was -14.65% in 1998.

Union Pacific FCF Margin by Year

Union Pacific FCF Margin 2025: 22.4%

2025's free cash flow margin for Union Pacific came in at 22.44%, contracted 1.9 percentage points from 2024.

Union Pacific FCF Margin 2024: 24.3%

Union Pacific posted free cash flow margin of 24.31% in 2024, expanded 4.5 percentage points from 2023.

Union Pacific FCF Margin 2023: 19.8%

In 2023, Union Pacific reported free cash flow margin of 19.79%, contracted 3.3 percentage points from 2022.

Union Pacific FCF Margin 2022: 23.1%

Union Pacific free cash flow margin in 2022 was 23.08%, contracted 4.9 percentage points from 2021.

Union Pacific FCF Margin 2021: 28.0%

Union Pacific free cash flow margin in 2021 was 27.96%.

See more financial history for Union Pacific (UNP).

Sector peers by FCF Margin

Industrials peers of Union Pacific (UNP), ranked by their latest free cash flow margin

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