Union Pacific Corporation (UNP)
Return on total capital
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 10,475,000 | 10,063,000 | 9,573,000 | 10,343,000 | 9,635,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 18,467,000 | 16,890,000 | 14,788,000 | 12,163,000 | 14,161,000 |
| Return on total capital | 56.72% | 59.58% | 64.73% | 85.04% | 68.04% |
December 31, 2025 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $10,475,000K ÷ ($—K + $18,467,000K)
= 56.72%
Peer comparison
Dec 31, 2025
Company name
Symbol
Return on total capital
Union Pacific Corporation
UNP
56.72%
CSX Corporation
CSX
34.88%
Greenbrier Companies Inc
GBX
24.55%
Norfolk Southern Corporation
NSC
28.67%