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UNP

Union Pacific Corporation

NYSEIndustrialsRailroadsSnapshot 2026-05-08

$264.65-0.09%
Close 2026-05-08 · 1-day change
The bottom line

As of May 8, 2026, UNP has a composite score of 23.6 and is labeled as "mild favorable." This score is influenced by a medium confidence level of 73.7 and a low risk label of 24.3. Key drivers include macroeconomic factors such as growth, labor, rates, and inflation. The analysis is provisional, reflecting the potential for changes based on future guidance and sector trends.

Composite +24as of 2026-05-08

Price

Daily closes from AlphaVantage. Earnings/event dots are placed inline.

Close 2026-05-08
Daily closes. Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event

Factor signals

Read top-to-bottom: thesis (is this a strong company over a 1–3 year hold), watch flags (has something changed worth re-reading), and position context (how violent might the path be). Each pill is a parallel diagnostic — never aggregated into a single score.

L1

Thesis

is this a strong company over a 1–3 year hold?
F1 · Recent financial performance
neutral
Mid-cohort
Why this rank
  • Direction share
    1.00
  • Slope (norm)
    -0.01
  • Bonus
    0.00
Operating income, last 4 quarters ($M)
2372252525492267
F2 · Value
neutral
Mid-cohort by earnings yield
Why this rank
Price
$264.65
TTM EPS
$11.60
Earnings yield
4.4%
P/E (TTM)
22.8

Trailing four: 2024-Q3, 2025-Q1, 2025-Q2, 2025-Q3

F3 · Earnings quality
neutral
Mid-cohort cash conversion
Why this rank
TTM NI ($M)
6,747
TTM CFO ($M)
9,346
CFO/NI
1.39
L2

Watch

has something changed worth re-reading?
F4 · Management stability
neutral
Mid-cohort activity· see deep-dive ↓
capital friendlyTop 30% capital-friendly in industrials cohort
Earnings setup · pre-print positioning
forward-looking
neutral7 PT revisions / 30d, avg 8.3% above currentfor period ending 2026-06-30
Why this setup
Consensus revisions

EPS estimate $3.15 → $3.13 (-0.7% / 30d). 7 raised, 12 cut, 21 covering analysts.

Rating actions

0 upgrades, 0 downgrades / 30d, 10 maintained. 67% of analysts rate Buy.

Price target activity

7 PT revisions / 30d. Avg target 8.3% above current price.

Material events

0 positive, 0 negative / 30d.

F4 · Management deep-dive — recent events, stated priorities, guidance track record
2

Stated priorities

3 priorityies extracted from earnings transcripts (as of 2026-05-08).

  1. 1.Achieve EPS growth targetsgrowthbehind0% progress
    4/23: Earnings per share growth of mid-single digit; consistent with attaining 3-year CAGR target.
    Why this status

    Stated in 5 of last 5 quarters. Despite consistent affirmation of EPS growth targets, financials show net income declined from $1.78B in 2025-Q3 to $1.44B in 2025-Q4, indicating limited progress towards the stated EPS growth trajectory.

  2. 2.Meet customer demand with strong servicegrowthbehind0% progress
    4/23: 2026 Outlook Affirmed: Meeting customer demand with strong service; muted economic forecast.
    Why this status

    Newly stated in 2026-Q1. While management emphasizes meeting customer demand with strong service, revenue decreased from $6.24B in 2025-Q3 to $5.82B in 2025-Q4, suggesting challenges in achieving this priority amid a muted economic forecast.

  3. 3.Pricing in excess of inflationcostbehind4% progress
    4/23: Pricing dollars in excess of inflation dollars.
    Why this status

    Newly stated in 2026-Q1. Management aims to maintain pricing above inflation, yet operating income fell from $2.55B in 2025-Q3 to $2.27B in 2025-Q4, indicating limited progress in achieving this pricing strategy.

3

Guidance track record

Insufficient guidance history for this ticker.

L3

Position context

how violent might the path be while I hold it?
Risk profile · realized
backward-looking
lowworst 12m loss −12%, typical day ±0.7%
Why this risk level

Recent vol — 30d annualized 28%; 252d 21%.

Drawdown — Max 1y −12%. Bad day move −2%.

Beta to sector ETF (XLI) 0.75 over 1y.

Liquidity — score 100/100.

Sub-scores — vol 64/100, drawdown 75/100, beta 75/100, earnings vol .

Sector regime
headwind-7.8%sector vs S&P 500, 60d

via XLI

Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive — historically, headwind regimes have averaged stronger forward returns than tailwind.

AI cycle regime · market-wide
2-axis classifier
HeatingManiaSquallCrisisEarnings →Mood ↑
HeatingE +0.13 · M +0.71
Single-axisCHASEz +2.97+1.285d

Context label only — describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.

Not investment advice. As of 2026-05-08.

3

What changed

The most important moves since the prior daily snapshot.

  1. No material changes since the prior snapshot.

No material changes since the prior snapshot.

as of 2026-05-08

4

Management scorecard

How management runs the business — capital, margins, balance sheet, and how reliably they guide and deliver.

Composite73.4 / 100
Capital allocation81
Earnings discipline73
Margin discipline66
Balance sheet73
Guidance credibility
Post-call reaction51
as of 2026-05-08
4

What management is focused on

Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.

  • #1

    Achieve EPS growth targets

    GrowthNew since 2026-05-04

    Focus on achieving earnings per share growth consistent with the 3-year CAGR target of high-single to low-double digit.

    Behind

    Stated in 5 of last 5 quarters. Despite consistent affirmation of EPS growth targets, financials show net income declined from $1.78B in 2025-Q3 to $1.44B in 2025-Q4, indicating limited progress towards the stated EPS growth trajectory.

    0%
    CEO/CFO:Earnings per share growth of mid-single digit; consistent with attaining 3-year CAGR target.
    Multiple sourcesSource dated 2026-04-23Stated 5 of last 8 quartersFirst seen 2026-05-04
    Show history (5)
    • 2026-Q1Multiple sources

      Earnings per share growth of mid-single digit; consistent with attaining 3-year CAGR target.

    • 2025-Q4Multiple sources

      Earnings per share growth consistent with attaining the 3-year CAGR target.

    • 2025-Q3Multiple sources

      Earnings per share growth consistent with attaining the 3-year CAGR target.

    • 2025-Q2Multiple sources

      Affirming 2025 Outlook: Earnings per share growth consistent with attaining the 3-year CAGR target.

    • 2025-Q1Multiple sources

      Affirming 2025 Outlook: Earnings per share growth consistent with attaining the 3-year CAGR target.

  • #2

    Meet customer demand with strong service

    GrowthNew since 2026-05-04

    Ensure strong service to meet customer demand despite a muted economic forecast.

    Behind

    Newly stated in 2026-Q1. While management emphasizes meeting customer demand with strong service, revenue decreased from $6.24B in 2025-Q3 to $5.82B in 2025-Q4, suggesting challenges in achieving this priority amid a muted economic forecast.

    0%
    CEO/CFO:2026 Outlook Affirmed: Meeting customer demand with strong service; muted economic forecast.
    Multiple sourcesSource dated 2026-04-23Stated 1 of last 8 quartersFirst seen 2026-05-04
    Show history (1)
    • 2026-Q1Multiple sources

      2026 Outlook Affirmed: Meeting customer demand with strong service; muted economic forecast.

  • #3

    Pricing in excess of inflation

    CostNew since 2026-05-04

    Maintain pricing strategies that exceed inflationary pressures.

    Behind

    Newly stated in 2026-Q1. Management aims to maintain pricing above inflation, yet operating income fell from $2.55B in 2025-Q3 to $2.27B in 2025-Q4, indicating limited progress in achieving this pricing strategy.

    4%
    CEO/CFO:Pricing dollars in excess of inflation dollars.
    Multiple sourcesSource dated 2026-04-23Stated 1 of last 8 quartersFirst seen 2026-05-04
    Show history (1)
    • 2026-Q1Multiple sources

      Pricing dollars in excess of inflation dollars.

as of 2026-05-08
5

How this stock is priced

Two ways to read price: against peers in the same business, and against the company's own history.

Compared to peers
65higher = cheaper

Roughly priced in line with peers.

Compared to its own history
72higher = cheaper

Cheaper than its own typical valuation.

P/E
22.0x
EV/EBITDA
FCF yield
3.6%

P/E over the last 5 years

71 monthly points
fairas of 2026-05-08
7

How this compares

A side-by-side read on composite, valuation, and risk versus peers.

StockCompositeValuationRisk
UNP
Union Pacific Corporation
+24fairlow
CAT
Caterpillar Inc.
+13expensivemoderate
GE
GE Aerospace
+11expensivemoderate
GEV
GE Vernova
+10fullmoderate
RTX
RTX Corporation
+20fairmoderate
8

Risk — how this stock moves

What a normal day looks like, what a bad day looks like, and the worst the last year has thrown at it.

A typical day
How much price usually moves either way.
0.7%
A bad day (95th %ile)
A rough but not unusual down day.
-2.0%
Worst 12-month loss
Deepest peak-to-trough drop in the last year.
-12.3%
Earnings-day move
How much price usually moves on earnings day.
lowas of 2026-05-08
9

What could change this view

Conditional scenarios — if X happens, the score would shift by about Y points. These are not predictions.

Upside triggers
  • If industrials sector trend rises from +0.05 into 'improving' (>= +0.20)+5.0 pts
  • If next-quarter guidance is raised (currently NEW as of 2026-04-23)+4.0 pts
Downside triggers
  • If next-quarter guidance is cut (currently NEW as of 2026-04-23)-8.0 pts
  • If industrials sector trend falls from +0.05 into 'weakening' (<= -0.20)-5.0 pts
  • If growth state reverses from +0.25 (positive) to -0.25 (negative)-4.0 pts
10

Material updates

Recent SEC 8-K filings ranked by likely impact, confidence, and recency.

  1. 2026-04-2315d agoItem 2.02

    Results of Operations and Financial Condition. On April 23, 2026, Union Pacific Corporation issued a press release announcing its financial results for the quarter ended March 31, 2026. A copy of the press release is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

    earnings preannouncementneutralscore 46
  2. 2026-01-273mo agoItem 2.02

    Results of Operations and Financial Condition. On January 27, 2026, Union Pacific Corporation issued a press release announcing its financial results for the quarter and year ended December 31, 2025. A copy of the press release is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

    earnings preannouncementneutralscore 6
  3. 2025-12-124mo agoItem 5.02

    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. The Board of Directors (the Board) of Union Pacific Corporation (the Company) elected W. Anthony Will, age 60, to serve on the Board as a director of the Company, effective January 5, 2026. Mr. Will will serve on the Board’s Audit and Finance Committees. Mr. Will currently serves as President and Chief Executive Officer of CF Industries Holdings, I…

    executive changeneutralscore 3
  4. 2025-11-066mo agoItem 8.01

    Other Events. As previously disclosed, on July 28, 2025, Union Pacific Corporation, a Utah corporation (“ Union Pacific ”) entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) by and among Union Pacific, Norfolk Southern Corporation, a Virginia corporation (“ Norfolk Southern ”), Ruby Merger Sub 1 Corporation, a Virginia corporation and a direct wholly owned subsidiary of Union Pacific (“ Merger Sub 1 ”) and Ruby Merger Sub 2 LLC, a Virginia limited liability company and a…

    legal regulatorynegativescore 1
  5. 2025-09-108mo agoItem 7.01

    Regulation FD Disclosure. On September 10, 2025, V. James Vena, Chief Executive Officer of Union Pacific Corporation (the Company), and Jennifer L. Hamann, Executive Vice President and Chief Financial Officer of the Company, addressed the Morgan Stanley 13th Annual Laguna Conference. Ms. Hamann provided the following third quarter 2025 commentary: • Continued network fluidity is expected to drive strong productivity. • Mix is anticipated to improve sequentially, however, volume trends will co…

    capital allocationpositivescore 0
11

Score history

The composite score, snapshot by snapshot. The dotted line at zero separates leaning-positive from leaning-negative.

60 snapshots
Data freshness · As of 2026-05-08 · Macro 2026-05-08 · Sector 2026-05-07 · Fundamentals 2026-02-06 · Price 2026-05-07 · Generated 2026-05-08 · Spec 2.3

Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.