Union Pacific Corporation (UNP)
Return on equity (ROE)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 6,379,000 | 6,365,000 | 6,732,000 | 6,998,000 | 6,998,000 | 7,071,000 | 6,849,000 | 6,812,000 | 6,523,000 | 6,192,000 | 5,882,000 | 5,216,000 | 5,349,000 | 5,372,000 | 5,564,000 | 6,002,000 | 5,919,000 | 6,070,000 | 6,108,000 | 6,047,000 |
| Total stockholders’ equity | US$ in thousands | 14,788,000 | 14,004,000 | 13,194,000 | 12,454,000 | 12,163,000 | 11,743,000 | 12,710,000 | 11,897,000 | 14,161,000 | 13,917,000 | 14,303,000 | 16,254,000 | 16,958,000 | 17,199,000 | 16,452,000 | 15,991,000 | 18,128,000 | 18,016,000 | 18,171,000 | 17,742,000 |
| ROE | 43.14% | 45.45% | 51.02% | 56.19% | 57.54% | 60.21% | 53.89% | 57.26% | 46.06% | 44.49% | 41.12% | 32.09% | 31.54% | 31.23% | 33.82% | 37.53% | 32.65% | 33.69% | 33.61% | 34.08% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $6,379,000K ÷ $14,788,000K
= 43.14%
The return on equity (ROE) of Union Pacific Corp. has shown a decreasing trend over the past eight quarters, starting from 57.26% in Q1 2022 to 43.14% in Q4 2023. Despite the slight fluctuations, the ROE has remained at relatively high levels throughout this period, indicating effective utilization of shareholders' equity to generate profits.
The decreasing trend in ROE could be attributed to various factors such as changes in profitability, efficiency, or leverage ratios. It would be important to further analyze the company's financial performance and operations to understand the drivers behind the ROE fluctuations and identify potential areas for improvement.
Overall, Union Pacific Corp. has maintained a strong ROE performance, suggesting that the company is effectively generating earnings from the equity invested by shareholders.
Peer comparison
Dec 31, 2023
See also:
Union Pacific Corporation Return on Equity (ROE) (Quarterly Data)