Union Pacific Corporation (UNP)
Financial leverage ratio
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 69,698,000 | 67,715,000 | 67,132,000 | 65,449,000 | 63,525,000 |
| Total stockholders’ equity | US$ in thousands | 18,467,000 | 16,890,000 | 14,788,000 | 12,163,000 | 14,161,000 |
| Financial leverage ratio | 3.77 | 4.01 | 4.54 | 5.38 | 4.49 |
December 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $69,698,000K ÷ $18,467,000K
= 3.77
Peer comparison
Dec 31, 2025
Company name
Symbol
Financial leverage ratio
Union Pacific Corporation
UNP
3.77
CSX Corporation
CSX
3.32
Greenbrier Companies Inc
GBX
-0.16
Norfolk Southern Corporation
NSC
2.91