Union Pacific Corporation (UNP)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 8,794,000 | 8,697,000 | 8,457,000 | 8,231,000 | 8,233,000 | 8,220,000 | 8,713,000 | 9,097,000 | 9,072,000 | 9,129,000 | 8,867,000 | 8,841,000 | 8,478,000 | 8,043,000 | 7,636,000 | 6,816,000 | 6,980,000 | 7,065,000 | 7,313,000 | 7,875,000 |
| Revenue (ttm) | US$ in thousands | 24,513,000 | 24,228,000 | 23,764,000 | 23,393,000 | 23,193,000 | 23,381,000 | 24,038,000 | 24,298,000 | 23,955,000 | 22,534,000 | 21,746,000 | 21,297,000 | 20,745,000 | 21,212,000 | 20,565,000 | 19,305,000 | 19,533,000 | 19,604,000 | 20,201,000 | 21,553,000 |
| Pretax margin | 35.87% | 35.90% | 35.59% | 35.19% | 35.50% | 35.16% | 36.25% | 37.44% | 37.87% | 40.51% | 40.78% | 41.51% | 40.87% | 37.92% | 37.13% | 35.31% | 35.73% | 36.04% | 36.20% | 36.54% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $8,794,000K ÷ $24,513,000K
= 35.87%
The pretax margin of Union Pacific Corporation has shown a fluctuating trend over the past few years. It stood at 36.54% as of March 31, 2020, and gradually declined to 35.73% by December 31, 2020. However, there was a slight recovery in the pretax margin in the first half of 2021, reaching 37.13% by June 30, 2021.
The pretax margin further improved significantly in the second half of 2021, with a notable increase to 40.87% by December 31, 2021. This positive momentum continued into the first half of 2022, where the pretax margin peaked at 41.51% by March 31, 2022.
Subsequently, there was a slight decrease in the pretax margin as of June 30, 2022, down to 40.78%. The trend continued with a gradual decline in the pretax margin over the following quarters, stabilizing around the 35-36% range towards the end of 2024.
Overall, the pretax margin of Union Pacific Corporation has shown significant variability but remained relatively strong, indicating the company's ability to generate profits before accounting for taxes relative to its total revenue during the period under review.
Peer comparison
Dec 31, 2024