FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8P

Three-Statement Breakdown

UNP
2026-06-30 · figures in $M

FCF UP

Free cash flow rose 14% to $6.5B — the highest of its last 8 readings, and covered net income 0.89×.

CASH FROM OPS +7.8%
10,263 40.4% MGN
CAPITAL EXPENDITURE -1.6%
3,759
FREE CASH FLOW +14.1%
6,504
FCF / NET INCOME +12.3%
0.89× TARGET >1.0×
Cash flow TTM 24-09 TTM 24-12 TTM 25-03 TTM 25-06 TTM 25-09 TTM 25-12 TTM 26-03 vs prior TTM YoY TTM 8Q
Net income
10-Q
6,637 6,747 6,732 6,935 7,052 7,138 7,213 7,330 +1.6% +5.7% 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
110 — — — — — — — — — —
Cash from operations
9,079 9,346 9,434 9,856 9,727 9,290 9,520 10,263 +7.8% +4.1% 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
1.37× 1.39× 1.40× 1.42× 1.38× 1.30× 1.32× 1.40× +6.1% -1.5% 1.40×
Capital expenditures
(3,554) (3,452) (3,561) (3,595) (3,714) (3,791) (3,822) (3,759) -1.6% +4.6% (3,759)
Free cash flow
5,525 5,894 5,873 6,261 6,013 5,499 5,698 6,504 +14.1% +3.9% 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
22.7% 24.3% 24.2% 25.7% 24.5% 22.4% 23.1% 25.6% +11.0% -0.3% 25.6%
Cash from investing
-3,443 -3,325 -3,461 -3,572 -3,690 -3,762 -3,812 -3,987 — — -3,987
Dividends paid
3,196 3,213 3,222 3,224 3,228 3,236 3,253 3,277 +0.7% +1.6% 3,277
Share repurchases
831 1,505 2,925 4,084 3,353 2,679 1,259 26 -97.9% -99.4% 26
Debt repayment
2,231 2,226 1,238 828 1,430 1,428 2,230 2,525 +13.2% 3.0× 2,525
Cash from financing
-5,460 -6,067 -5,494 -6,348 -6,164 -5,276 -6,379 -5,736 — — -5,736
Net change in cash
176 -46 479 -64 -127 252 -671 540 — — 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
FROM5,698 CASH FROM OPERATIONS+743 CAPITAL EXPENDITURES+63 TO6,504
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-07-23 ↗