Free Cash Flow for Union Pacific (UNP)
Free Cash Flow for Union Pacific (UNP): headline value $4.20B · YoY -6.7%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingFree Cash FlowSwitch metric
Latest period
$4.20B
YoY change
-6.7%
5Y CAGR
-0.4%
Peak year (2021)
$6.10B
Latest annual
$5.50B
Free Cash Flow history chart for Union Pacific (UNP) from 1989 to 2025
Free Cash Flow history table for Union Pacific (UNP) from 1989 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $5.50B | -6.7% | ||
| 2024 | $5.89B | +23.5% | ||
| 2023 | $4.77B | -16.9% | ||
| 2022 | $5.74B | -5.8% | ||
| 2021 | $6.10B | +8.6% | ||
| 2020 | $5.61B | +8.9% | ||
| 2019 | $5.16B | -1.8% | ||
| 2018 | $5.25B | +32.1% | ||
| 2017 | $3.97B | -1.2% | ||
| 2016 | $4.02B | +49.2% | ||
| 2015 | $2.69B | -11.4% | ||
| 2014 | $3.04B | -8.7% | ||
| 2013 | $3.33B | +37.3% | ||
| 2012 | $2.42B | -7.2% | ||
| 2011 | $2.61B | +60.9% | ||
| 2010 | $1.62B | -47.7% | ||
| 2009 | $3.10B | +244.1% | ||
| 2008 | $902.00M | +463.8% | ||
| 2007 | $160.00M | +56.9% | ||
| 2006 | $102.00M | -76.1% | ||
| 2005 | $426.00M | +18.0% | ||
| 2004 | $361.00M | -46.1% | ||
| 2003 | $670.00M | +84.6% | ||
| 2002 | $363.00M | -13.6% | ||
| 2001 | $420.00M | +140.0% | ||
| 2000 | $175.00M | +400.0% | ||
| 1999 | $35.00M | -102.3% | ||
| 1998 | -$1.55B | +208.6% | ||
| 1997 | -$501.00M | -268.7% | ||
| 1996 | $297.00M | -25.0% | ||
| 1995 | $396.00M | +26.9% | ||
| 1994 | $312.00M | -2936.4% | ||
| 1993 | -$11.00M | -111.8% | ||
| 1992 | $93.00M | -42.2% | ||
| 1991 | $161.00M | -38.3% | ||
| 1990 | $261.00M | -15.5% | ||
| 1989 | $309.00M | — |
Free Cash Flow values are taken from Union Pacific's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Union Pacific (UNP) reported free cash flow of $5.50B – declined 6.7% year-over-year.
Over 2020–2025 (5 years), Union Pacific free cash flow expanded at a -0.4% compound annual rate, with a net decline across the window.
Union Pacific free cash flow peaked at $6.10B in 2021; the latest annual figure is $5.50B in 2025 (9.8% below peak).
$6.10B stands as the all-time-high annual free cash flow, posted in 2021, against a low of -$1.55B during 1998.
Union Pacific (UNP) sits 4th of 8 Industrials peers we track on this metric, against a peer median of $4.93B.
Union Pacific Free Cash Flow by Year
Union Pacific Free Cash Flow 2025: $5.50B
Union Pacific free cash flow in 2025 was $5.50B, declined 6.7% below 2024.
Union Pacific Free Cash Flow 2024: $5.89B
Union Pacific free cash flow in 2024 was $5.89B, grew 23.5% from 2023.
Union Pacific Free Cash Flow 2023: $4.77B
Union Pacific free cash flow in 2023 was $4.77B, declined 16.9% below 2022.
Union Pacific Free Cash Flow 2022: $5.74B
Union Pacific free cash flow in 2022 was $5.74B, declined 5.8% below 2021.
Union Pacific Free Cash Flow 2021: $6.10B
Union Pacific free cash flow in 2021 was $6.10B.
See more financial history for Union Pacific (UNP).
Sector peers — Free Cash Flow
Companies in the same sector as Union Pacific, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $10.27B | Industrials |
| RTX Corporation (RTX) | $7.94B | Industrials |
| GE Aerospace (GE) | $7.26B | Industrials |
| Honeywell International Inc. (HON) | $5.39B | Industrials |
| Eaton Corporation plc (ETN) | $4.47B | Industrials |
| Parker-Hannifin Corporation (PH) | $3.34B | Industrials |
| Deere & Company (DE) | $3.23B | Industrials |
| The Boeing Company (BA) | -$1.88B | Industrials |
Frequently asked questions
What is Union Pacific's free cash flow?
Latest reported free cash flow for Union Pacific (UNP) is $4.20B (period ending March 31, 2026).
How has Union Pacific free cash flow changed year-over-year?
Union Pacific (UNP) free cash flow changed -6.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Union Pacific free cash flow?
Union Pacific (UNP) free cash flow compound annual growth rate is -0.4% over the most recent 5 years available.
When did Union Pacific free cash flow hit its highest annual value?
Union Pacific free cash flow reached its highest annual value of $6.10B in 2021.
What was Union Pacific free cash flow in 2024?
Union Pacific (UNP) free cash flow in 2024 was $5.89B.
What was Union Pacific free cash flow in 2025?
Union Pacific (UNP) free cash flow in 2025 was $5.50B.
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