Union PacificHAM:UNP +0.26%91 Net Margin % is 27.36% as of Mar. 2026, which is 1% below its 10-year median of 27.60. 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. Among 1,008 Transportation companies, Union Pacific ranks better than 91.96% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Union Pacific's Net Income for the
three
months ended in Mar. 2026 was €1,471 Mil. Union Pacific's Revenue for the
three
months ended in Mar. 2026 was €5,378 Mil. Therefore, Union Pacific's net margin for the quarter that ended in Mar. 2026 was 27.36%.
The historical rank and industry rank for Union Pacific's Net Margin % or its related term are showing as below:
HAM:UNP'
s Net Margin % Range Over the Past 10 Years
Min: 21.23 Med: 27.6 Max: 50.43
Current: 29.2
HAM:UNP's Net Margin % is ranked better than 91.96% of 1008
companies
in the Transportation industry
Industry Median: 4.99
vs HAM:UNP: 29.20
Union Pacific (HAM:UNP) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Union Pacific Net Margin % Related Terms
Union Pacific Net Margin % Historical Data
* Premium members only.
The historical data trend for Union Pacific's Net Margin % 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.
For the Railroads subindustry, Union Pacific's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Transportation Industry
For the Transportation industry and Industrials sector, Union Pacific's Net Margin % distribution charts can be found below:
* The bar in red indicates where Union Pacific's Net Margin % falls into.
* 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 (HAM:UNP) has a Net Margin % of 27.36% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Union Pacific and its competitors. This is near median its historical median of 27.60. Over the past decade, Union Pacific's Net Margin % has ranged from 21.23 to 50.43. According to the industry distribution chart, Union Pacific ranks #81 out of 1008 companies in the Transportation industry, placing it in the top 8%.
Is Union Pacific's Net Margin % too high?
Union Pacific's current Net Margin % of 27.36% is near median its 10-year median of 27.60. Over the past 10 years, this metric has ranged from a low of 21.23 to a high of 50.43. The Transportation industry median Net Margin % is 4.99. Union Pacific's value of 27.36% is 448.3% above this industry median. Based on the distribution chart, Union Pacific ranks #81 out of 1008 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. 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 Net Margin % compare to CSX and NSC?
According to the Transportation industry distribution chart, Union Pacific ranks #81 out of 1008 companies for Net Margin %. This places Union Pacific in the top 8% of its industry — outperforming the majority of peers. The industry median Net Margin % is 4.99. Union Pacific's value of 27.36% is 448.3% above this benchmark. Historically, Union Pacific's own Net Margin % has ranged from 21.23 to 50.43 over the past decade. While the company's 10-year median is 27.60 vs. the industry median of 4.99, Union Pacific has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Transportation company?
The median Net Margin % among Transportation companies is 4.99, based on 1,008 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Union Pacific's current Net Margin % of 27.36% is 448.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Union Pacific and its competitors. For the Transportation industry, the median Net Margin % is 4.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Union Pacific's current Net Margin % is 27.36%, which is near median its own 10-year median of 27.60. 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 Net Margin % of 27.36%. 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 Net Margin % is 27.36%, which is near median its 10-year median of 27.60 and 448.3% above the Transportation industry median of 4.99. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Union Pacific (HAM:UNP), the current Net Margin % is 27.36% 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:
Net Margin %: 27.36% (near median its 10-year median of 27.60)
GF Value™: €216.95 vs. price of €228.40 (5.3% above fair value)
Industry Position: 448.3% above the Transportation median (#81 of 1008)
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.
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
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