FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8Q

Three-Statement Breakdown

UNP
2026-06-30 · figures in $M

FCF UP

Free cash flow rose 47% to $2.2B — the highest of its last 8 readings, and covered net income 1.11×.

CASH FROM OPS +26.1%
3,076 44.8% MGN
CAPITAL EXPENDITURE -6.8%
873
FREE CASH FLOW +46.6%
2,203
FCF / NET INCOME +25.1%
1.11× TARGET >1.0×
Cash flow 24-09 24-12 25-03 25-06 25-09 25-12 26-03 QoQ YoY TTM 8Q
Net income
10-Q
1,671 1,762 1,626 1,876 1,788 1,848 1,701 1,993 +17.2% +6.2% 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
33 — — — — — — — — — —
Cash from operations
2,651 2,662 2,210 2,333 2,522 2,225 2,440 3,076 +26.1% +31.8% 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
1.59× 1.51× 1.36× 1.24× 1.41× 1.20× 1.43× 1.54× +7.6% +24.1% 1.40×
Capital expenditures
(831) (922) (906) (936) (950) (999) (937) (873) -6.8% -6.7% (3,759)
Free cash flow
1,820 1,740 1,304 1,397 1,572 1,226 1,503 2,203 +46.6% +57.7% 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
29.9% 28.4% 21.6% 22.7% 25.2% 20.1% 24.2% 32.1% +32.8% +41.4% 25.6%
Cash from investing
-834 -899 -938 -901 -952 -971 -988 -1,076 — — -3,987
Dividends paid
815 810 804 795 819 818 821 819 -0.2% +3.0% 3,277
Share repurchases
731 674 1,420 1,259 0 0 0 26 — -97.9% 26
Debt repayment
413 6 370 39 1,015 4 1,172 334 -71.5% 8.6× 2,525
Cash from financing
-2,007 -1,692 -878 -1,771 -1,823 -804 -1,981 -1,128 — — -5,736
Net change in cash
-190 71 394 -339 -253 450 -529 872 — — 540
Ending cash balance
947 1,016 1,411 1,060 808 1,266 735 1,614 +119.6% +52.3% 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
FROM1,503 CASH FROM OPERATIONS+636 CAPITAL EXPENDITURES+64 TO2,203
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-07-23 ↗