Union Pacific Corporation (UNP) — Capital Reinvestment Ratio
Union Pacific Corporation (UNP) has a Capital Reinvestment Ratio of 0.38x as of March 2026, meaning it reinvests 0% of its operating cash flow ($2.44 Billion) in capital expenditures ($937.00 Million). Check UNP tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Union Pacific Corporation Capital Reinvestment Ratio (1989–2025)
This chart tracks Union Pacific Corporation's Capital Reinvestment Ratio across 37 annual periods. For the full cash flow conversion analysis, see Union Pacific Corporation (UNP) cash conversion ratio.
Annual Capital Reinvestment Ratio for Union Pacific Corporation (1989–2025)
Year-by-year Capital Reinvestment Ratio for Union Pacific Corporation from 1989 to 2025. See free cash flow generation of Union Pacific Corporation to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.41x | $9.29 Billion | $3.79 Billion | ▲ +10.5% |
| 2024 | 0.37x | $9.35 Billion | $3.45 Billion | ▼ -14.2% |
| 2023 | 0.43x | $8.38 Billion | $3.61 Billion | ▲ +11.3% |
| 2022 | 0.39x | $9.36 Billion | $3.62 Billion | ▲ +19.0% |
| 2021 | 0.33x | $9.03 Billion | $2.94 Billion | ▼ -5.2% |
| 2020 | 0.34x | $8.54 Billion | $2.93 Billion | ▼ -14.5% |
| 2019 | 0.40x | $8.61 Billion | $3.45 Billion | ▲ +1.4% |
| 2018 | 0.40x | $8.69 Billion | $3.44 Billion | ▼ -12.2% |
| 2017 | 0.45x | $7.23 Billion | $3.26 Billion | ▼ -3.3% |
| 2016 | 0.47x | $7.53 Billion | $3.50 Billion | ▼ -26.4% |
| 2015 | 0.63x | $7.34 Billion | $4.65 Billion | ▲ +7.6% |
| 2014 | 0.59x | $7.38 Billion | $4.35 Billion | ▲ +14.9% |
| 2013 | 0.51x | $6.82 Billion | $3.50 Billion | ▼ -15.5% |
| 2012 | 0.61x | $6.16 Billion | $3.74 Billion | ▲ +9.3% |
| 2011 | 0.56x | $5.87 Billion | $3.26 Billion | ▼ -8.2% |
| 2010 | 0.60x | $4.11 Billion | $2.48 Billion | ▲ +1837.2% |
| 2009 | 0.03x | $3.20 Billion | $100.00 Million | ▼ -96.0% |
| 2008 | 0.78x | $4.07 Billion | $3.17 Billion | ▼ -18.2% |
| 2007 | 0.95x | $3.28 Billion | $3.12 Billion | ▼ -1.4% |
| 2006 | 0.96x | $2.88 Billion | $2.78 Billion | ▲ +15.4% |
| 2005 | 0.84x | $2.60 Billion | $2.17 Billion | ▼ -0.3% |
| 2004 | 0.84x | $2.24 Billion | $1.88 Billion | ▲ +15.9% |
| 2003 | 0.72x | $2.42 Billion | $1.75 Billion | ▼ -13.7% |
| 2002 | 0.84x | $2.25 Billion | $1.89 Billion | ▲ +6.3% |
| 2001 | 0.79x | $1.99 Billion | $1.57 Billion | ▼ -13.3% |
| 2000 | 0.91x | $1.96 Billion | $1.78 Billion | ▼ -7.2% |
| 1999 | 0.98x | $1.87 Billion | $1.83 Billion | ▼ -73.7% |
| 1998 | 3.74x | $565.00 Million | $2.11 Billion | ▲ +184.5% |
| 1997 | 1.31x | $1.60 Billion | $2.10 Billion | ▲ +60.0% |
| 1996 | 0.82x | $1.66 Billion | $1.36 Billion | ▲ +12.8% |
| 1995 | 0.73x | $1.45 Billion | $1.06 Billion | ▼ -13.0% |
| 1994 | 0.84x | $1.91 Billion | $1.60 Billion | ▼ -16.9% |
| 1993 | 1.01x | $1.56 Billion | $1.57 Billion | ▲ +6.7% |
| 1992 | 0.94x | $1.66 Billion | $1.57 Billion | ▲ +6.7% |
| 1991 | 0.88x | $1.39 Billion | $1.23 Billion | ▲ +7.6% |
| 1990 | 0.82x | $1.47 Billion | $1.21 Billion | ▲ +3.8% |
| 1989 | 0.79x | $1.48 Billion | $1.17 Billion | — |