Union Pacific Corporation
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. It offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, and ethanol and renewable biofuel producers; and construction products, industrial chemica… Read more
Union Pacific Corporation (UNP) - Net Assets
Latest net assets as of December 2025: $18.47 Billion USD
Based on the latest financial reports, Union Pacific Corporation (UNP) has net assets worth $18.47 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($69.70 Billion) and total liabilities ($51.23 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $18.47 Billion |
| % of Total Assets | 26.5% |
| Annual Growth Rate | 3.68% |
| 5-Year Change | 30.41% |
| 10-Year Change | -7.35% |
| Growth Volatility | 12.36 |
Union Pacific Corporation - Net Assets Trend (1985–2025)
This chart illustrates how Union Pacific Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Union Pacific Corporation (1985–2025)
The table below shows the annual net assets of Union Pacific Corporation from 1985 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $18.47 Billion | +9.34% |
| 2024-12-31 | $16.89 Billion | +14.21% |
| 2023-12-31 | $14.79 Billion | +21.58% |
| 2022-12-31 | $12.16 Billion | -14.11% |
| 2021-12-31 | $14.16 Billion | -16.49% |
| 2020-12-31 | $16.96 Billion | -6.45% |
| 2019-12-31 | $18.13 Billion | -11.24% |
| 2018-12-31 | $20.42 Billion | -17.83% |
| 2017-12-31 | $24.86 Billion | +24.70% |
| 2016-12-31 | $19.93 Billion | -3.72% |
| 2015-12-31 | $20.70 Billion | -0.69% |
| 2014-12-31 | $20.84 Billion | -1.79% |
| 2013-12-31 | $21.23 Billion | +6.78% |
| 2012-12-31 | $19.88 Billion | +6.99% |
| 2011-12-31 | $18.58 Billion | +4.59% |
| 2010-12-31 | $17.76 Billion | +5.73% |
| 2009-12-31 | $16.80 Billion | +8.77% |
| 2008-12-31 | $15.45 Billion | -0.89% |
| 2007-12-31 | $15.59 Billion | +1.78% |
| 2006-12-31 | $15.31 Billion | +11.71% |
| 2005-12-31 | $13.71 Billion | +8.31% |
| 2004-12-31 | $12.65 Billion | +2.44% |
| 2003-12-31 | $12.35 Billion | +15.99% |
| 2002-12-31 | $10.65 Billion | +11.24% |
| 2001-12-31 | $9.57 Billion | +10.54% |
| 2000-12-31 | $8.66 Billion | +8.26% |
| 1999-12-31 | $8.00 Billion | -10.03% |
| 1998-12-31 | $8.89 Billion | +8.12% |
| 1997-12-31 | $8.22 Billion | 0.00% |
| 1996-12-31 | $8.22 Billion | +25.00% |
| 1995-12-31 | $6.58 Billion | +28.24% |
| 1994-12-31 | $5.13 Billion | +5.04% |
| 1993-12-31 | $4.88 Billion | +5.30% |
| 1992-12-31 | $4.64 Billion | +11.43% |
| 1991-12-31 | $4.16 Billion | -2.67% |
| 1990-12-31 | $4.28 Billion | +9.36% |
| 1989-12-31 | $3.91 Billion | -12.74% |
| 1988-12-31 | $4.48 Billion | +32.29% |
| 1987-12-31 | $3.39 Billion | -0.59% |
| 1986-12-31 | $3.41 Billion | -21.76% |
| 1985-12-31 | $4.36 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Union Pacific Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1737.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $69.53 Billion | 376.50% |
| Common Stock | $2.78 Billion | 15.07% |
| Other Comprehensive Income | $-591.00 Million | -3.20% |
| Total Equity | $18.47 Billion | 100.00% |
Union Pacific Corporation Competitors by Market Cap
The table below lists competitors of Union Pacific Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Allianz SE
PINK:ALIZF
|
$143.52 Billion |
|
Deutsche Telekom AG Na
OTCQX:DTEGF
|
$145.64 Billion |
|
Welltower Inc
NYSE:WELL
|
$146.77 Billion |
|
HDFC Bank Limited
F:HDFA
|
$148.48 Billion |
|
Allianz SE VNA O.N.
XETRA:ALV
|
$142.76 Billion |
|
Insurance Australia Group Ltd
AU:IAGPF
|
$141.31 Billion |
|
LVMH Moët Hennessy - Louis Vuitton Société Européenne
PINK:LVMHF
|
$141.10 Billion |
|
Booking Holdings Inc
NASDAQ:BKNG
|
$140.30 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Union Pacific Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 16,890,000,000 to 18,467,000,000, a change of 1,577,000,000 (9.3%).
- Net income of 7,138,000,000 contributed positively to equity growth.
- Dividend payments of 3,236,000,000 reduced retained earnings.
- Share repurchases of 2,679,000,000 reduced equity.
- Other comprehensive income increased equity by 132,000,000.
- Other factors increased equity by 222,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $7.14 Billion | +38.65% |
| Dividends Paid | $3.24 Billion | -17.52% |
| Share Repurchases | $2.68 Billion | -14.51% |
| Other Comprehensive Income | $132.00 Million | +0.71% |
| Other Changes | $222.00 Million | +1.2% |
| Total Change | $- | 9.34% |
Book Value vs Market Value Analysis
This analysis compares Union Pacific Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 7.79x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 50.04x to 7.79x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $4.84 | $242.32 | x |
| 1986-12-31 | $3.97 | $242.32 | x |
| 1987-12-31 | $3.99 | $242.32 | x |
| 1988-12-31 | $4.98 | $242.32 | x |
| 1989-12-31 | $4.62 | $242.32 | x |
| 1990-12-31 | $5.33 | $242.32 | x |
| 1991-12-31 | $5.04 | $242.32 | x |
| 1992-12-31 | $5.69 | $242.32 | x |
| 1993-12-31 | $5.94 | $242.32 | x |
| 1994-12-31 | $6.24 | $242.32 | x |
| 1995-12-31 | $7.74 | $242.32 | x |
| 1996-12-31 | $9.43 | $242.32 | x |
| 1997-12-31 | $8.29 | $242.32 | x |
| 1998-12-31 | $7.51 | $242.32 | x |
| 1999-12-31 | $7.41 | $242.32 | x |
| 2000-12-31 | $8.04 | $242.32 | x |
| 2001-12-31 | $8.80 | $242.32 | x |
| 2002-12-31 | $9.62 | $242.32 | x |
| 2003-12-31 | $11.52 | $242.32 | x |
| 2004-12-31 | $12.07 | $242.32 | x |
| 2005-12-31 | $12.86 | $242.32 | x |
| 2006-12-31 | $14.08 | $242.32 | x |
| 2007-12-31 | $14.52 | $242.32 | x |
| 2008-12-31 | $15.00 | $242.32 | x |
| 2009-12-31 | $16.61 | $242.32 | x |
| 2010-12-31 | $17.66 | $242.32 | x |
| 2011-12-31 | $18.96 | $242.32 | x |
| 2012-12-31 | $20.86 | $242.32 | x |
| 2013-12-31 | $22.78 | $242.32 | x |
| 2014-12-31 | $23.51 | $242.32 | x |
| 2015-12-31 | $23.81 | $242.32 | x |
| 2016-12-31 | $23.86 | $242.32 | x |
| 2017-12-31 | $31.00 | $242.32 | x |
| 2018-12-31 | $27.08 | $242.32 | x |
| 2019-12-31 | $25.67 | $242.32 | x |
| 2020-12-31 | $24.97 | $242.32 | x |
| 2021-12-31 | $21.61 | $242.32 | x |
| 2022-12-31 | $19.49 | $242.32 | x |
| 2023-12-31 | $24.23 | $242.32 | x |
| 2024-12-31 | $27.75 | $242.32 | x |
| 2025-12-31 | $31.12 | $242.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Union Pacific Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 38.65%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 29.12%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 3.77x
- Recent ROE (38.65%) is above the historical average (18.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 11.50% | 6.42% | 0.73x | 2.46x | $65.40 Million |
| 1986 | -13.50% | -7.00% | 0.61x | 3.19x | $-800.80 Million |
| 1987 | 17.21% | 9.81% | 0.54x | 3.22x | $244.20 Million |
| 1988 | 14.37% | 10.61% | 0.50x | 2.73x | $195.80 Million |
| 1989 | 15.21% | 9.17% | 0.52x | 3.19x | $203.90 Million |
| 1990 | 14.45% | 8.87% | 0.53x | 3.06x | $190.30 Million |
| 1991 | 1.54% | 0.91% | 0.53x | 3.20x | $-352.30 Million |
| 1992 | 15.69% | 9.98% | 0.52x | 3.04x | $264.10 Million |
| 1993 | 10.85% | 7.01% | 0.50x | 3.07x | $41.50 Million |
| 1994 | 10.64% | 7.00% | 0.49x | 3.11x | $32.90 Million |
| 1995 | 14.86% | 12.64% | 0.38x | 3.06x | $309.60 Million |
| 1996 | 10.99% | 10.29% | 0.31x | 3.39x | $81.50 Million |
| 1997 | 5.25% | 3.90% | 0.39x | 3.50x | $-390.50 Million |
| 1998 | -8.56% | -6.00% | 0.36x | 3.97x | $-1.37 Billion |
| 1999 | 10.12% | 7.19% | 0.38x | 3.74x | $9.90 Million |
| 2000 | 9.72% | 7.09% | 0.39x | 3.52x | $-24.20 Million |
| 2001 | 10.09% | 8.07% | 0.38x | 3.30x | $8.50 Million |
| 2002 | 12.59% | 10.74% | 0.38x | 3.08x | $275.90 Million |
| 2003 | 12.83% | 13.72% | 0.35x | 2.71x | $349.60 Million |
| 2004 | 4.77% | 4.94% | 0.35x | 2.73x | $-661.50 Million |
| 2005 | 7.49% | 7.56% | 0.38x | 2.60x | $-344.70 Million |
| 2006 | 10.49% | 10.31% | 0.43x | 2.38x | $74.80 Million |
| 2007 | 11.90% | 11.39% | 0.43x | 2.44x | $296.50 Million |
| 2008 | 15.12% | 12.99% | 0.45x | 2.57x | $790.30 Million |
| 2009 | 11.25% | 13.36% | 0.34x | 2.51x | $209.90 Million |
| 2010 | 15.65% | 16.39% | 0.39x | 2.43x | $1.00 Billion |
| 2011 | 17.72% | 16.83% | 0.43x | 2.43x | $1.43 Billion |
| 2012 | 19.84% | 18.84% | 0.44x | 2.37x | $1.96 Billion |
| 2013 | 20.67% | 19.98% | 0.44x | 2.34x | $2.27 Billion |
| 2014 | 24.45% | 21.59% | 0.46x | 2.47x | $3.06 Billion |
| 2015 | 23.05% | 21.88% | 0.40x | 2.64x | $2.70 Billion |
| 2016 | 21.24% | 21.23% | 0.36x | 2.80x | $2.24 Billion |
| 2017 | 43.10% | 50.43% | 0.37x | 2.33x | $8.23 Billion |
| 2018 | 29.21% | 26.13% | 0.39x | 2.90x | $3.92 Billion |
| 2019 | 32.65% | 27.27% | 0.35x | 3.40x | $4.11 Billion |
| 2020 | 31.54% | 27.38% | 0.31x | 3.68x | $3.65 Billion |
| 2021 | 46.06% | 29.92% | 0.34x | 4.49x | $5.11 Billion |
| 2022 | 57.54% | 28.13% | 0.38x | 5.38x | $5.78 Billion |
| 2023 | 43.14% | 26.45% | 0.36x | 4.54x | $4.90 Billion |
| 2024 | 39.95% | 27.82% | 0.36x | 4.01x | $5.06 Billion |
| 2025 | 38.65% | 29.12% | 0.35x | 3.77x | $5.29 Billion |
Industry Comparison
This section compares Union Pacific Corporation's net assets metrics with peer companies in the Railroads industry.
Industry Context
- Industry: Railroads
- Average net assets among peers: $385,612,201,198
- Average return on equity (ROE) among peers: 9.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Union Pacific Corporation (UNP) | $18.47 Billion | 11.50% | 2.77x | $143.45 Billion |
| Alstom PK (ALSMY) | $1.84 Billion | 9.84% | 9.00x | $659.84 Million |
| Alstom SA (AOMFF) | $9.10 Billion | -1.45% | 2.45x | $6.62 Billion |
| Bangkok Expressway and Metro Public Company Limited (BKKXF) | $37.66 Billion | 9.24% | 1.99x | $2.46 Billion |
| BTS Group Holdings Public Company Limited (BTGWF) | $52.15 Billion | 5.51% | 1.77x | $1.93 Billion |
| Central Japan Railway Co (CJPRY) | $3.51 Trillion | 12.51% | 1.65x | $9.22 Billion |
| Canadian National Railway Company (CNI) | $19.65 Billion | 18.04% | 1.28x | $58.49 Billion |
| Canadian Pacific Railway Ltd (CP) | $6.64 Billion | 29.40% | 2.23x | $68.42 Billion |
| CRRC Corporation Limited (CRCCY) | $169.14 Billion | 6.70% | 1.32x | $22.96 Billion |
| China Railway Signal & Communication Corporation Limited (CRYCY) | $47.28 Billion | 7.69% | 1.47x | $7.38 Billion |
| CSX Corporation (CSX) | $4.59 Billion | -2.57% | 1.50x | $73.08 Billion |