Union Pacific annual debt-to-assets ratio
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Union Pacific Debt-to-Assets Ratio Growth & History (UNP)
Union Pacific's debt-to-assets ratio was 0.47 for fiscal 2025.
View full Union Pacific company overviewUnion Pacific annual debt-to-assets ratio history
| Fiscal year | Period ended | Debt-to-assets ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.47 | −0.01 | −1.77% |
| 2024 | 2024-12-31 | 0.48 | −0.03 | −5.84% |
| 2023 | 2023-12-31 | 0.51 | −0.00 | −0.47% |
| 2022 | 2022-12-31 | 0.51 | 0.04 | +9.33% |
| 2021 | 2021-12-31 | 0.47 | 0.03 | +6.79% |
| 2020 | 2020-12-31 | 0.44 | 0.02 | +4.02% |
| 2019 | 2019-12-31 | 0.42 | 0.06 | +17.93% |
| 2018 | 2018-12-31 | 0.36 | 0.08 | +27.89% |
| 2017 | 2017-12-31 | 0.28 | 0.02 | +9.21% |
| 2016 | 2016-12-31 | 0.26 | 0.01 | +2.62% |
| 2015 | 2015-12-31 | 0.25 | 0.04 | +19.17% |
| 2014 | 2014-12-31 | 0.21 | 0.03 | +17.22% |
| 2013 | 2013-12-31 | 0.18 | −0.01 | −4.42% |
| 2012 | 2012-12-31 | 0.19 | −0.01 | −3.22% |
| 2011 | 2011-12-31 | 0.19 | −0.02 | −7.70% |
| 2010 | 2010-12-31 | 0.21 | −0.02 | −8.53% |
| 2009 | 2009-12-31 | 0.23 | 0.01 | +5.42% |
| 2008 | 2008-12-31 | 0.22 | — | — |
Union Pacific quarterly debt-to-assets ratio
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| Fiscal quarter | Period ended | Debt-to-assets ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.42 | −0.04 | −8.46% |
| Q1 2026 | 2026-03-31 | 0.44 | −0.02 | −4.88% |
| Q4 2025 | 2025-12-31 | 0.47 | −0.01 | −1.77% |
| Q3 2025 | 2025-09-30 | 0.46 | −0.01 | −1.39% |
| Q2 2025 | 2025-06-30 | 0.46 | −0.02 | −5.14% |
| Q1 2025 | 2025-03-31 | 0.46 | −0.03 | −5.24% |
| Q4 2024 | 2024-12-31 | 0.48 | −0.03 | −5.84% |
| Q3 2024 | 2024-09-30 | 0.46 | −0.03 | −5.83% |
| Q2 2024 | 2024-06-30 | 0.48 | −0.02 | −3.30% |
| Q1 2024 | 2024-03-31 | 0.49 | −0.00 | −0.70% |
| Q4 2023 | 2023-12-31 | 0.51 | −0.00 | −0.47% |
| Q3 2023 | 2023-09-30 | 0.49 | −0.02 | −3.42% |
| Q2 2023 | 2023-06-30 | 0.50 | 0.02 | +3.15% |
| Q1 2023 | 2023-03-31 | 0.49 | −0.01 | −1.83% |
| Q4 2022 | 2022-12-31 | 0.51 | 0.04 | +9.33% |
| Q3 2022 | 2022-09-30 | 0.51 | 0.04 | +8.19% |
| Q2 2022 | 2022-06-30 | 0.48 | 0.01 | +2.09% |
| Q1 2022 | 2022-03-31 | 0.50 | 0.07 | +16.13% |
| Q4 2021 | 2021-12-31 | 0.47 | 0.03 | +6.79% |
| Q3 2021 | 2021-09-30 | 0.47 | 0.03 | +7.47% |
| Q2 2021 | 2021-06-30 | 0.47 | 0.03 | +6.65% |
| Q1 2021 | 2021-03-31 | 0.43 | −0.02 | −4.98% |
| Q4 2020 | 2020-12-31 | 0.44 | 0.02 | +4.02% |
| Q3 2020 | 2020-09-30 | 0.44 | 0.01 | +2.60% |
| Q2 2020 | 2020-06-30 | 0.44 | 0.03 | +6.90% |
| Q1 2020 | 2020-03-31 | 0.45 | 0.03 | +7.06% |
| Q4 2019 | 2019-12-31 | 0.42 | 0.06 | +17.93% |
| Q3 2019 | 2019-09-30 | 0.43 | 0.07 | +19.64% |
| Q2 2019 | 2019-06-30 | 0.42 | 0.05 | +13.32% |
| Q1 2019 | 2019-03-31 | 0.42 | 0.14 | +49.95% |
| Q4 2018 | 2018-12-31 | 0.36 | 0.08 | +27.89% |
| Q3 2018 | 2018-09-30 | 0.36 | 0.08 | +28.44% |
| Q2 2018 | 2018-06-30 | 0.37 | 0.10 | +36.22% |
| Q1 2018 | 2018-03-31 | 0.28 | 0.03 | +10.41% |
| Q4 2017 | 2017-12-31 | 0.28 | 0.02 | +9.21% |
| Q3 2017 | 2017-09-30 | 0.28 | 0.01 | +2.77% |
| Q2 2017 | 2017-06-30 | 0.27 | 0.00 | +1.62% |
| Q1 2017 | 2017-03-31 | 0.26 | −0.01 | −3.47% |
| Q4 2016 | 2016-12-31 | 0.26 | 0.01 | +2.62% |
| Q3 2016 | 2016-09-30 | 0.27 | 0.03 | +13.44% |
| Q2 2016 | 2016-06-30 | 0.27 | 0.03 | +11.37% |
| Q1 2016 | 2016-03-31 | 0.27 | 0.04 | +18.60% |
| Q4 2015 | 2015-12-31 | 0.25 | 0.04 | +19.17% |
| Q3 2015 | 2015-09-30 | 0.24 | 0.03 | +13.30% |
| Q2 2015 | 2015-06-30 | 0.24 | 0.04 | +18.30% |
| Q1 2015 | 2015-03-31 | 0.22 | 0.04 | +19.25% |
| Q4 2014 | 2014-12-31 | 0.21 | 0.03 | +17.22% |
| Q3 2014 | 2014-09-30 | 0.21 | 0.03 | +17.37% |
| Q2 2014 | 2014-06-30 | 0.20 | 0.02 | +8.79% |
| Q1 2014 | 2014-03-31 | 0.19 | −0.00 | −2.18% |
| Q4 2013 | 2013-12-31 | 0.18 | −0.01 | −4.42% |
| Q3 2013 | 2013-09-30 | 0.18 | −0.01 | −3.95% |
| Q2 2013 | 2013-06-30 | 0.19 | −0.00 | −0.59% |
| Q1 2013 | 2013-03-31 | 0.19 | 0.01 | +7.75% |
| Q4 2012 | 2012-12-31 | 0.19 | −0.01 | −3.22% |
| Q3 2012 | 2012-09-30 | 0.19 | −0.01 | −4.17% |
| Q2 2012 | 2012-06-30 | 0.19 | −0.01 | −6.39% |
| Q1 2012 | 2012-03-31 | 0.18 | −0.03 | −13.99% |
| Q4 2011 | 2011-12-31 | 0.19 | −0.02 | −7.70% |
| Q3 2011 | 2011-09-30 | 0.19 | −0.02 | −7.69% |
| Q2 2011 | 2011-06-30 | 0.20 | −0.02 | −7.19% |
| Q1 2011 | 2011-03-31 | 0.21 | −0.02 | −6.80% |
| Q4 2010 | 2010-12-31 | 0.21 | −0.02 | −8.53% |
| Q3 2010 | 2010-09-30 | 0.21 | −0.02 | −8.69% |
| Q2 2010 | 2010-06-30 | 0.21 | −0.02 | −9.27% |
| Q1 2010 | 2010-03-31 | 0.22 | — | — |
| Q4 2009 | 2009-12-31 | 0.23 | 0.01 | +5.42% |
| Q3 2009 | 2009-09-30 | 0.23 | — | — |
| Q2 2009 | 2009-06-30 | 0.24 | — | — |
| Q4 2008 | 2008-12-31 | 0.22 | — | — |
Union Pacific debt-to-assets ratio trends
Over the last five fiscal years, Union Pacific's debt-to-assets ratio increased from 0.44 to 0.47, a change of 0.03. The latest reported quarter, Q2 2026, shows 0.42.
About the metric
What the debt-to-assets ratio means
The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.
Calculation and source
How debt-to-assets is calculated
TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Union Pacific source filings ↗Community posts
Union Pacific grows earnings as freight volumes rise
Union Pacific ($UNP) reported third-quarter 2026 net income of $2.1 billion, up 16%, with GAAP earnings of $3.49 per share. Adjusted earnings increased 15% to $3.53. Revenue rose 15% to $7.2 billion as carloads increased 6%, supported by co ...
