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UNION PACIFIC CORP FY 2025 10-K, explained in plain English

UNP · 10-K for the period ending December 31, 2025, filed February 6, 2026 · Read the original on SEC.gov →

Key financials — as reported

Total revenue$24.5B
Gross margin— not reported
Operating income$9.8B
Net income$7.1B
Diluted EPS$11.98
Cash & equivalents$1.3B
Total assets$69.7B
Long-term debt$31.8B

Key takeaway

Union Pacific reported $24.51 billion in revenue and $7.14 billion in net income for fiscal 2025, with diluted EPS of $11.98.

🔒 4 more takeaways in the full analysis

Beneath the surface

Net debt is substantial: cash of only $1.266 billion against total debt instrument carrying amount of $33.49 billion (fair value $26.5 billion) leaves the company heavily leveraged with limited liquidity cushion.

🔒 4 more insights a headline reader would miss

This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for UNP.

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