Operating Profit Margin
since 2005
Calculation
Union Pacific Corp., operating profit margin, long-term trends, calculation
| Operating profit margin | = | 100 | × | Operating income1 | ÷ | Operating revenues1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2024 | 40.05% | = | 100 | × | 9,713) | ÷ | 24,250) |
| Dec 31, 2023 | 37.65% | = | 100 | × | 9,082) | ÷ | 24,119) |
| Dec 31, 2022 | 39.87% | = | 100 | × | 9,917) | ÷ | 24,875) |
| Dec 31, 2021 | 42.83% | = | 100 | × | 9,338) | ÷ | 21,804) |
| Dec 31, 2020 | 40.11% | = | 100 | × | 7,834) | ÷ | 19,533) |
| Dec 31, 2019 | 39.40% | = | 100 | × | 8,554) | ÷ | 21,708) |
| Dec 31, 2018 | 37.30% | = | 100 | × | 8,517) | ÷ | 22,832) |
| Dec 31, 2017 | 37.95% | = | 100 | × | 8,061) | ÷ | 21,240) |
| Dec 31, 2016 | 36.47% | = | 100 | × | 7,272) | ÷ | 19,941) |
| Dec 31, 2015 | 36.91% | = | 100 | × | 8,052) | ÷ | 21,813) |
| Dec 31, 2014 | 36.49% | = | 100 | × | 8,753) | ÷ | 23,988) |
| Dec 31, 2013 | 33.90% | = | 100 | × | 7,446) | ÷ | 21,963) |
| Dec 31, 2012 | 32.23% | = | 100 | × | 6,745) | ÷ | 20,926) |
| Dec 31, 2011 | 29.27% | = | 100 | × | 5,724) | ÷ | 19,557) |
| Dec 31, 2010 | 29.36% | = | 100 | × | 4,981) | ÷ | 16,965) |
| Dec 31, 2009 | 23.98% | = | 100 | × | 3,392) | ÷ | 14,143) |
| Dec 31, 2008 | 22.68% | = | 100 | × | 4,075) | ÷ | 17,970) |
| Dec 31, 2007 | 20.73% | = | 100 | × | 3,375) | ÷ | 16,283) |
| Dec 31, 2006 | 18.51% | = | 100 | × | 2,884) | ÷ | 15,578) |
| Dec 31, 2005 | 13.22% | = | 100 | × | 1,795) | ÷ | 13,578) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
- Operating Income Trends
- The operating income demonstrates a general upward trajectory from 2005 through 2014, increasing from $1,795 million to a peak of $8,753 million. This growth, however, is not entirely steady, as a noticeable decline occurs in 2009, possibly reflecting external economic challenges. After 2014, operating income exhibits fluctuations, declining to $7,272 million in 2016 before rising again to reach $9,917 million in 2022. The levels then slightly decrease and stabilize around $9,000 to $9,700 million towards 2023 and 2024.
- Operating Revenues Analysis
- Operating revenues generally increase over the years, starting at $13,578 million in 2005 and reaching a high point of $24,875 million in 2022. Similar to operating income, revenues decline notably in 2009 and again after 2013, with a dip to $19,533 million in 2015 and 2016, indicating some volatility during these periods. Nevertheless, the overall trend remains positive with a recovery seen after these declines, maintaining levels above $24,000 million in the last recorded years.
- Operating Profit Margin Behavior
- Operating profit margin shows significant improvement throughout the period. Starting at 13.22% in 2005, it steadily increases, surpassing 20% in 2007, and reaches above 30% by 2012. The margin peaks at 42.83% in 2021, reflecting enhanced operational efficiency or cost management. Despite some slight variations, the margin remains robustly high, remaining over 37% through 2024.
- Overall Financial Performance Insights
- The data suggests that the company has generally improved its profitability and operational efficiency over the analyzed period. Although revenues and operating income experienced some volatility, particularly during 2008-2009 and mid-2010s, the profit margin has consistently increased, indicating better cost control or higher-margin business activities. The recent years show strong recovery and stability in both income and margins, pointing to a resilient financial position.
Comparison to Competitors
Union Pacific Corp., operating profit margin, long-term trends, comparison to competitors
| Union Pacific Corp. | FedEx Corp. | Uber Technologies Inc. | United Airlines Holdings Inc. | United Parcel Service Inc. | |
|---|---|---|---|---|---|
| Dec 31, 2024 | 40.05% | 6.34% | 6.36% | 8.93% | 9.30% |
| Dec 31, 2023 | 37.65% | 5.45% | 2.98% | 7.84% | 10.05% |
| Dec 31, 2022 | 39.87% | 6.68% | -5.75% | 5.20% | 13.05% |
| Dec 31, 2021 | 42.83% | 6.98% | -21.97% | -4.15% | 13.17% |
| Dec 31, 2020 | 40.11% | 3.49% | -43.66% | -41.41% | 9.08% |
| Dec 31, 2019 | 39.40% | 6.41% | -60.76% | 9.94% | 10.52% |
| Dec 31, 2018 | 37.30% | 7.44% | — | 7.97% | 9.77% |
| Dec 31, 2017 | 37.95% | 8.35% | — | 9.27% | 11.43% |
| Dec 31, 2016 | 36.47% | 6.11% | — | 11.87% | 8.98% |
| Dec 31, 2015 | 36.91% | 3.93% | — | 13.64% | 13.14% |
| Dec 31, 2014 | 36.49% | 7.56% | — | 6.10% | 8.53% |
| Dec 31, 2013 | 33.90% | 5.76% | — | 3.26% | 12.69% |
| Dec 31, 2012 | 32.23% | 7.46% | — | 0.10% | 2.48% |
| Dec 31, 2011 | 29.27% | 6.05% | — | 4.91% | 11.45% |
| Dec 31, 2010 | 29.36% | 5.75% | — | 4.20% | 11.86% |
| Dec 31, 2009 | 23.98% | 2.10% | — | -0.99% | 8.39% |
| Dec 31, 2008 | 22.68% | 5.47% | — | -21.98% | 10.45% |
| Dec 31, 2007 | 20.73% | 9.30% | — | 5.15% | 1.16% |
| Dec 31, 2006 | 18.51% | 9.33% | — | 2.31% | 13.95% |
| Dec 31, 2005 | 13.22% | 8.42% | — | -1.26% | 14.43% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).