Union Pacific Corporation (UNP)
Financial leverage ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 69,698,000 | 68,647,000 | 68,576,000 | 68,492,000 | 67,715,000 | 67,570,000 | 67,817,000 | 67,266,000 | 67,132,000 | 66,540,000 | 66,033,000 | 65,968,000 | 65,449,000 | 65,343,000 | 64,440,000 | 64,051,000 | 63,525,000 | 62,360,000 | 62,073,000 | 61,793,000 |
| 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 |
| Financial leverage ratio | 3.77 | 3.97 | 4.22 | 4.27 | 4.01 | 4.07 | 4.11 | 4.29 | 4.54 | 4.75 | 5.00 | 5.30 | 5.38 | 5.56 | 5.07 | 5.38 | 4.49 | 4.48 | 4.34 | 3.80 |
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
3.39
Greenbrier Companies Inc
GBX
1.91
Norfolk Southern Corporation
NSC
2.91
See also:
Union Pacific Corporation Financial Leverage (Quarterly Data)