TTM
45.7%
YoY change
+13.85pp
Trough year (2012)
36.0%
Peak year (2009)
84.3%
Latest annual
59.4%
Gross Margin history chart for Union Pacific (UNP) from 1985 to 2025
Latest: 59.4%
Gross Margin change chart for Union Pacific (UNP) from 1985 to 2025
Latest: +13.85pp
Gross Margin history table for Union Pacific (UNP) from 1985 to 2025
| 2025 | 59.4% | +13.85pp | ||
| 2024 | 45.5% | +1.87pp | ||
| 2023 | 43.7% | -1.39pp | ||
| 2022 | 45.0% | -3.18pp | ||
| 2021 | 48.2% | +1.23pp | ||
| 2020 | 47.0% | +2.70pp | ||
| 2019 | 44.3% | +2.51pp | ||
| 2018 | 41.8% | -0.64pp | ||
| 2017 | 42.4% | +0.95pp | ||
| 2016 | 41.5% | +0.32pp | ||
| 2015 | 41.1% | +0.81pp | ||
| 2014 | 40.3% | +2.57pp | ||
| 2013 | 37.8% | +1.77pp | ||
| 2012 | 36.0% | -29.47pp | ||
| 2011 | 65.5% | -15.79pp | ||
| 2010 | 81.3% | -3.00pp | ||
| 2009 | 84.3% | +24.38pp | ||
| 2008 | 59.9% | +0.87pp | ||
| 2007 | 59.0% | +0.40pp | ||
| 2006 | 58.6% | +1.49pp | ||
| 2005 | 57.1% | -2.37pp | ||
| 2004 | 59.5% | -5.51pp | ||
| 2003 | 65.0% | -2.61pp | ||
| 2002 | 67.6% | -6.00pp | ||
| 2001 | 73.6% | +0.75pp | ||
| 2000 | 72.9% | -2.68pp | ||
| 1999 | 75.5% | +2.39pp | ||
| 1998 | 73.1% | +6.40pp | ||
| 1997 | 66.7% | -3.26pp | ||
| 1996 | 70.0% | -7.01pp | ||
| 1995 | 77.0% | +19.11pp | ||
| 1994 | 57.9% | -7.86pp | ||
| 1993 | 65.8% | -2.61pp | ||
| 1992 | 68.4% | +1.36pp | ||
| 1991 | 67.0% | +0.09pp | ||
| 1990 | 66.9% | -0.65pp | ||
| 1989 | 67.6% | +5.38pp | ||
| 1988 | 62.2% | -18.03pp | ||
| 1987 | 80.2% | +13.83pp | ||
| 1986 | 66.4% | +17.46pp | ||
| 1985 | 48.9% | — |
- 202559.4%+13.85pp
- 202445.5%+1.87pp
- 202343.7%-1.39pp
- 202245.0%-3.18pp
- 202148.2%+1.23pp
- 202047.0%+2.70pp
- 201944.3%+2.51pp
- 201841.8%-0.64pp
- 201742.4%+0.95pp
- 201641.5%+0.32pp
- 201541.1%+0.81pp
- 201440.3%+2.57pp
- 201337.8%+1.77pp
- 201236.0%-29.47pp
- 201165.5%-15.79pp
- 201081.3%-3.00pp
- 200984.3%+24.38pp
- 200859.9%+0.87pp
- 200759.0%+0.40pp
- 200658.6%+1.49pp
- 200557.1%-2.37pp
- 200459.5%-5.51pp
- 200365.0%-2.61pp
- 200267.6%-6.00pp
- 200173.6%+0.75pp
- 200072.9%-2.68pp
- 199975.5%+2.39pp
- 199873.1%+6.40pp
- 199766.7%-3.26pp
- 199670.0%-7.01pp
- 199577.0%+19.11pp
- 199457.9%-7.86pp
- 199365.8%-2.61pp
- 199268.4%+1.36pp
- 199167.0%+0.09pp
- 199066.9%-0.65pp
- 198967.6%+5.38pp
- 198862.2%-18.03pp
- 198780.2%+13.83pp
- 198666.4%+17.46pp
- 198548.9%—
Gross 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 Gross Margin at Union Pacific (UNP)
According to Union Pacific's latest reported financial statements, the company's latest reported gross margin is 45.7%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Union Pacific (UNP) most recent annual gross margin stands at 59.38% (2025) – expanded 13.9 percentage points year-over-year.
2009 marks the peak gross margin at 84.25%, with the historical low of 36.00% recorded in 2012.
Union Pacific Gross Margin by Year
Union Pacific Gross Margin 2025: 59.4%
Union Pacific gross margin in 2025 was 59.38%, expanded 13.9 percentage points from 2024.
Union Pacific Gross Margin 2024: 45.5%
2024's gross margin for Union Pacific came in at 45.52%, expanded 1.9 percentage points from 2023.
Union Pacific Gross Margin 2023: 43.7%
Union Pacific posted gross margin of 43.65% in 2023, contracted 1.4 percentage points from 2022.
Union Pacific Gross Margin 2022: 45.0%
In 2022, Union Pacific reported gross margin of 45.05%, contracted 3.2 percentage points from 2021.
Union Pacific Gross Margin 2021: 48.2%
Union Pacific gross margin in 2021 was 48.22%.
See more financial history for Union Pacific (UNP).
Sector peers by Gross Margin
Industrials peers of Union Pacific (UNP), ranked by their latest gross margin
| 36.9% | |
| 36.9% | |
| 35.1% | |
| 34.8% | |
| 32.5% | |
| 20.2% | |
| 9.8% | |
| 4.8% |
- 35.1%
- 34.8%
- 32.5%
- 20.2%
- 4.8%
Frequently asked questions
Union Pacific (UNP) Key Financials
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