Stock Analysis on Net

Union Pacific Corp. (NYSE:UNP)

$24.99

Return on Equity (ROE)
since 2005

Microsoft Excel

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Calculation

Union Pacific Corp., ROE, long-term trends, calculation

Microsoft Excel

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


The analyzed financial data reveals several notable trends regarding net income, common shareholders' equity, and return on equity (ROE) over the period from 2005 to 2024.

Net Income
Net income demonstrates a general upward trajectory with some fluctuations. Starting at $1,026 million in 2005, the figure increased steadily, peaking substantially at $10,712 million in 2017. After this spike, net income declined to $5,966 million in 2018 and remained around the $5,300–$6,500 million range through 2024, peaking again at $6,747 million in 2024. The spike in 2017 suggests either extraordinary gains or heightened operational performance during that year, followed by normalization in subsequent years.
Common Shareholders’ Equity
Shareholders' equity grew moderately from $13,707 million in 2005 to a peak of $24,856 million in 2017, coinciding with the peak in net income. After 2017, equity declined steadily to a low of $12,163 million in 2022. A slight recovery is seen in 2023 and 2024, rising to $16,890 million. This pattern suggests that after significant capital accumulation or retained earnings build-up until 2017, the company either returned capital to shareholders, experienced losses, or adjusted its equity base downward in later years.
Return on Equity (ROE)
ROE shows a clear increasing trend throughout the observed time frame, indicating improved profitability relative to shareholder equity. Starting at 7.49% in 2005, ROE steadily increased reaching an exceptionally high value of 43.10% in 2017. Following 2017, ROE fluctuated at elevated levels, peaking further at 57.54% in 2021, before declining slightly to 39.95% in 2024. The increasing ROE in the context of falling equity and fluctuating net income in recent years suggests improved efficiency in generating returns from the equity base, potentially driven by equity reduction or strong profitability relative to a smaller equity base.

Comparison to Competitors

Union Pacific Corp., ROE, long-term trends, comparison to competitors

Microsoft Excel

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).


Comparison to Sector (Transportation)


Comparison to Industry (Industrials)