FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8Y

Three-Statement Breakdown

UNP
2026-06-30 · figures in $M

FCF DOWN

Free cash flow fell 6.7% to $5.5B, and covered net income 0.77×.

CASH FROM OPS -0.6%
9,290 37.9% MGN
CAPITAL EXPENDITURE +9.8%
3,791
FREE CASH FLOW -6.7%
5,499
FCF / NET INCOME -11.8%
0.77× TARGET >1.0×
Cash flow FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 YoY TTM 8Q
Net income
5,966 5,919 5,349 6,523 6,998 6,379 6,747 7,138 +5.8% 7,330 2024-09-30 · $1.7B2024-12-31 · $1.8B2025-03-31 · $1.6B2025-06-30 · $1.9B2025-09-30 · $1.8B2025-12-31 · $1.8B2026-03-31 · $1.7B2026-06-30 · $2.0B
Stock-based comp
NOT DISCLOSED
96 93 73 88 99 107 — — — —
Cash from operations
8,686 8,609 8,540 9,032 9,362 8,379 9,346 9,290 -0.6% 10,263 2024-09-30 · $2.7B2024-12-31 · $2.7B2025-03-31 · $2.2B2025-06-30 · $2.3B2025-09-30 · $2.5B2025-12-31 · $2.2B2026-03-31 · $2.4B2026-06-30 · $3.1B
Cash conversion
1.46× 1.45× 1.60× 1.38× 1.34× 1.31× 1.39× 1.30× -6.0% 1.40×
Capital expenditures
(3,437) (3,453) (2,927) (2,936) (3,620) (3,606) (3,452) (3,791) +9.8% (3,759)
Free cash flow
5,249 5,156 5,613 6,096 5,742 4,773 5,894 5,499 -6.7% 6,504 2024-09-30 · $1.8B2024-12-31 · $1.7B2025-03-31 · $1.3B2025-06-30 · $1.4B2025-09-30 · $1.6B2025-12-31 · $1.2B2026-03-31 · $1.5B2026-06-30 · $2.2B
FCF margin
23.0% 23.8% 28.7% 28.0% 23.1% 19.8% 24.3% 22.4% -7.7% 25.6%
Cash from investing
-3,411 -3,435 -2,676 -2,709 -3,471 -3,667 -3,325 -3,762 — -3,987
Dividends paid
2,299 2,598 2,626 2,800 3,159 3,173 3,213 3,236 +0.7% 3,277
Share repurchases
8,225 5,804 3,705 7,291 6,282 705 1,505 2,679 +78.0% 26
Debt repayment
1,736 817 2,053 1,299 2,291 2,190 2,226 1,428 -35.8% 2,525
Cash from financing
-5,222 -5,646 -4,902 -7,158 -5,887 -4,625 -6,067 -5,276 — -5,736
Net change in cash
53 -472 962 -835 4 87 -46 252 — 540
Ending cash balance
1,273 831 1,799 960 973 1,055 1,016 1,266 +24.6% 1,614

Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.

SELECTED · FREE CASH FLOW · QoQ BRIDGE
FROM5,894 CASH FROM OPERATIONS-56 CAPITAL EXPENDITURES-339 TO5,499
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-07-23 ↗