Union Pacific (HAM:UNP) EBIT: €9,088 Mil (TTM As of Mar. 2026)


HAM:UNP Union Pacific Corp HAM:UNP
91 GF Score
Price €228.40
GF Value €216.95
! 3 Warning Signs
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What is Union Pacific EBIT?

Union Pacific HAM:UNP +0.26% 91 EBIT is €9,088 Mil as of Mar. 2026. GuruFocus rates HAM:UNP with a GF Score™ of 91/100 and a GF Value™ of €216.95. The stock has 3 warning signs investors should review.

Union Pacific's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €2,205 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €9,088 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Union Pacific's annualized ROC % for the quarter that ended in Mar. 2026 was 11.13%. Union Pacific's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Union Pacific's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.64%.


Union Pacific  (HAM:UNP) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Union Pacific's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=8504.68 * ( 1 - 23.69% )/( (58163.378 + 58471.405)/ 2 )
=6489.921308/58317.3915
=11.13 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=59522.092 - 1750.7 - ( 1294.664 - max(0, 4281.956 - 3889.97+1294.664))
=58163.378

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=60242.06 - 2105.41 - ( 895.275 - max(0, 3980.73 - 3645.975+895.275))
=58471.405

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Union Pacific's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=8819.54/( ( (51821.574 + max(-157.99, 0)) + (52645.63 + max(-276.8, 0)) )/ 2 )
=8819.54/( ( 51821.574 + 52645.63 )/ 2 )
=8819.54/52233.602
=16.88 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1588.44 + 672.098 + 334.768) - (1750.7 + 0 + 1002.596)
=-157.99

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1717.89 + 724.87 + 307.94) - (2105.41 + 0 + 922.09)
=-276.8

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Union Pacific's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=9088.223/161038.160
=5.64 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Union Pacific EBIT Related Terms


Union Pacific EBIT Historical Data

* Premium members only.

The historical data trend for Union Pacific's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Union Pacific EBIT Chart

Union Pacific Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8,526.98 9,763.79 8,778.44 9,610.17 8,945.65

Union Pacific Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,265.33 2,295.82 2,253.54 2,333.98 2,204.89

HAM:UNP vs CSX, NSC, WAB: EBIT Comparison

For the Railroads subindustry, Union Pacific's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Union Pacific EV-to-EBIT vs Transportation Industry

For the Transportation industry and Industrials sector, Union Pacific's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Union Pacific's EV-to-EBIT falls into.


HAM:UNP
91GF Score
Union Pacific Corp HAM:UNP
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Union Pacific EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €9,088 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €9,088 Mil mean?
Union Pacific (HAM:UNP) has a EBIT of €9,088 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Union Pacific.
Is Union Pacific's EBIT too high?
Union Pacific's current EBIT is €9,088 Mil. Overall, Union Pacific has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.
How does Union Pacific's EBIT compare to CSX and NSC?
Union Pacific's EBIT of €9,088 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Transportation company?
A good EBIT depends on the Transportation industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Union Pacific. Union Pacific's current EBIT is €9,088 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Union Pacific stock overvalued right now?
Union Pacific (HAM:UNP) has a current EBIT of €9,088 Mil. The stock's GF Value™ is €216.95, compared to a current price of €228.40 — trading 5.3% above its estimated fair value. The current EBIT is €9,088 Mil. Union Pacific's overall GF Score™ is 91/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Union Pacific (HAM:UNP), the current EBIT is €9,088 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Union Pacific (HAM:UNP) Overvalued in 2026?

Based on GuruFocus' analysis, Union Pacific stock appears to be overvalued. The current stock price of €228.40 is trading 5.3% above its estimated GF Value™ of €216.95.

Key valuation signals for HAM:UNP:

  • EBIT: €9,088 Mil
  • GF Value™: €216.95 vs. price of €228.40 (5.3% above fair value)
  • GF Score™: 91/100 with 3 warning signs

No single metric tells the full story. See the HAM:UNP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Union Pacific Business Description

Address 1400 Douglas Street, Omaha, NE, USA, 68179
Omaha, Nebraska-based Union Pacific is the largest public railroad in North America. Operating on more than 30,000 miles of track in the western two-thirds of the US, Union Pacific generated $24.5 billion of revenue in 2025 by hauling coal, industrial products, intermodal containers, agricultural goods, chemicals, fertilizers, and automotive goods. Union Pacific owns about one-fourth of Mexican railroad Ferromex and historically derives roughly 10% of its revenue hauling freight to and from Mexico.
91GF Score

Get the complete analysis for HAM:UNP

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€228.40
Price
€216.95
GF Value