Union Pacific Corporation (UNP)
Return on total capital
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 10,475,000 | 10,335,000 | 10,193,000 | 10,048,000 | 10,063,000 | 9,985,000 | 9,765,000 | 9,559,000 | 9,573,000 | 9,562,000 | 9,934,000 | 10,153,000 | 10,099,000 | 9,992,000 | 9,807,000 | 9,770,000 | 9,344,000 | 9,019,000 | 8,592,000 | 7,778,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 18,467,000 | 17,304,000 | 16,258,000 | 16,039,000 | 16,890,000 | 16,584,000 | 16,489,000 | 15,665,000 | 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 |
| Return on total capital | 56.72% | 59.73% | 62.70% | 62.65% | 59.58% | 60.21% | 59.22% | 61.02% | 64.73% | 68.28% | 75.29% | 81.52% | 83.03% | 85.09% | 77.16% | 82.12% | 65.98% | 64.81% | 60.07% | 47.85% |
December 31, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (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
36.24%
Greenbrier Companies Inc
GBX
22.42%
Norfolk Southern Corporation
NSC
28.67%