Union Pacific (UNP) Financial Forecast Calculator
Interactive 5-year forecast and DCF for Union Pacific. Adjust revenue growth, gross margin, capex intensity, WACC, and terminal growth - see revenue, free cash flow, and enterprise value update in real time. Seeded from Union Pacific’s most recent SEC filings.
Assumptions
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Frequently asked
What is Union Pacific Corporation's primary business?+
Union Pacific Corporation (UNP) operates the largest Class I freight railroad in the United States, connecting 23 western states and serving major West Coast and Gulf Coast ports. Its business model is highly asset-heavy, benefiting from immense barriers to entry and significant operating leverage.
What are the key revenue drivers for Union Pacific?+
Union Pacific's revenue is primarily driven by carload volumes and its pricing power across its extensive network. The company's freight revenue is divided into three main segments: Bulk, Industrial, and Premium.
What is Union Pacific's typical capital expenditure as a percentage of revenue?+
Union Pacific typically allocates 13-15% of its revenue to capital expenditures, for example, $3.4 billion on $24.5 billion revenue in 2025. These investments primarily fund continuous track replacement, siding extensions for longer trains, and locomotive modernisations.
What is the main purpose of the Union Pacific financial model?+
The Union Pacific financial model aims to evaluate the company's equity valuation and its capacity for cash flow generation. It achieves this by forecasting key metrics such as carload volumes, pricing power, and improvements in the operating ratio within a cyclical macro environment.
Can I download an Excel financial model for Union Pacific?+
Yes, an Excel financial model for Union Pacific is available for download. This model provides forecasts for the company's financials from fiscal year 2026 through fiscal year 2030.
What is Union Pacific's recent operating ratio, and how does it factor into the financial model?+
Union Pacific recently achieved an improved operating ratio of 59.8% in 2025. The financial model specifically forecasts operating ratio improvements as a key element in evaluating the company's operational efficiency and profitability.
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