Union Pacific Corporation (UNP)财务
NYSE · Industrials · Railroads · 员工28,716人 · CEO Vincenzo James Vena
- 股价
- $304.00 +0.69%
- 市值
- $1810亿
- 企业价值
- $2100亿
- 最近财报
- Q3 '26 2026-10-22提交
- 下次财报
- 2027-01-26 EPS预期 $3.31
营收(TTM)$264亿+7.4% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)40.0%-0.6 百分点 对比去年同期营业利润 $105亿
净利润(TTM)$76.2亿+8.0% 对比去年同期税后,含营业外收益
自由现金流(TTM)$66.9亿+11.3% 对比去年同期资本支出 $38.3亿
稀释EPS(TTM)$12.83+9.0% 对比去年同期最近4个季度之和
净现金-$283亿+11.8% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $1810亿 EV $2100亿
- 营收
- $264亿 过去12个月
- 营收增速
- +12% FY2026年一致预期
- 净利润率
- 28.9% 净利润 / 营收,TTM
- P/E
- 23.7× 预期 23.1×(FY2026)
- P/S
- 6.9× 股价 / 营收,TTM
- EV / EBITDA
- 15.3× TTM
- 自由现金流
- $66.9亿 过去12个月
- 净利润
- $76.2亿 过去12个月
- 营收预期
- $274亿 FY2026年一致预期
- 盈利
- 2027-01-26 营收预期 $71.3亿
- 股息
- $5.56 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-22):营收超预期0.5%,EPS 超预期1.7%营收$72亿,预期$71.6亿(+0.5%);EPS $3.53,预期$3.47(+1.7%)。
- 营收增长加速:同比15.3%Q3 '26营收$72亿,此前四个季度的平均值为4.2%。
- 营业利润率40.0%(TTM),较去年同期-0.6 百分点营收增长7.4%,营业利润增长5.8%。
- 资本支出占营收的14.5%(去年为15.1%)最近4个季度投入$38.3亿(同比+3.2%)。自由现金流$66.9亿,相当于净利润的87.9%。
- 股东回报$33.3亿 = 自由现金流的49.7%回购$2600万(去年为$33.5亿),股息$33亿,股权激励$0(TTM)。
- 稀释股数一年内增加0.2%Q3 '26稀释股数5.95亿,一年前为5.93亿。
- 净债务 $283亿现金 + 短期投资 $30.9亿,含租赁债务 $313亿;一年前净债务 $320亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $72亿 | $62.4亿 | +15.3% |
| 毛利率 | 40.9% | 46.5% | -5.6 百分点 |
| 营业利润 | $29.4亿 | $25.5亿 | +15.5% |
| 营业利润率 | 40.9% | 40.8% | +0.1 百分点 |
| 净利润 | $20.8亿 | $17.9亿 | +16.1% |
| 稀释EPS | $3.49 | $3.01 | +15.9% |
| 经营现金流 | $27.9亿 | $25.2亿 | +10.5% |
| 资本支出 | $10.2亿 | $9.5亿 | +7.8% |
| 自由现金流 | $17.6亿 | $15.7亿 | +12.1% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $0 | $0 | – |
实际 vs 一致预期
2026-10-22| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $72亿 | $71.6亿 | +0.5% |
| EPS(一致预期口径) | $3.53 | $3.47 | +1.7% |
来自2026-10-22发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Industrial | $25.1亿 | +14.4% | 34.9% | $92亿 | +7.2% | |
| Premium | $21.9亿 | +21.4% | 30.4% | $76.8亿 | +7.5% | |
| Bulk | $21.2亿 | +9.6% | 29.4% | $81亿 | +7.6% | |
| Other Subsidiary Revenues | $2.01亿 | +16.9% | 2.8% | $7.41亿 | +1.9% | |
| Accessorial Revenues | $1.57亿 | +26.6% | 2.2% | $5.38亿 | +13.0% | |
| Other Miscellaneous Product and Service Revenues | $2600万 | +23.8% | 0.4% | $1.01亿 | +8.6% |
按地区划分的营收
占总额比例| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| M [X] | $8.2亿 | +9.0% | 100.0% | $45.3亿 | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $105亿
- 资本支出
- -$38.3亿
- 股票回购
- -$2600万
- 股息
- -$33亿
- 收购
- $0
- 债务净发行
- -$15.2亿
- 股权激励费用
- $0
- 自由现金流
- $66.9亿
- 股东回报 / FCF
- 49.7%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 23.7× | 21.4× | 18.4× – 25.2× |
| EV / EBITDA | 15.3× | 14.3× | 12.9× – 16.5× |
| EV / 营收 | 8.0× | 7.4× | 6.5× – 9.0× |
| 股价 / FCF | 27.0× | 25.9× | 22.5× – 31.3× |
| 股价 / 净资产 | 8.2× | 9.6× | 7.4× – 11.6× |
| FCF收益率 | 3.7% | 3.9% | 3.2% – 4.5% |
| 投入资本回报率 | 11.8% | 11.7% | 11.0% – 12.4% |
| 净资产收益率 | 37.8% | 45.1% | 38.7% – 57.5% |
分析师
一致目标价 $331.00 (+8.9%)
区间 $294.00 – $350.00 · 评级 Buy
强烈买入1
买入28
持有17
卖出1
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $274亿 | +11.8% | $13.18 | +10.1% | 23.1× | 16 |
| FY2027 | $290亿 | +5.8% | $14.39 | +9.2% | 21.1× | 17 |
| FY2028 | $312亿 | +7.7% | $15.72 | +9.3% | 19.3× | 8 |
| FY2029 | $358亿 | +14.8% | $18.02 | +14.6% | 16.9× | 5 |
| FY2030 | $396亿 | +10.5% | $19.63 | +8.9% | 15.5× | 5 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Union Pacific Corporation在近期10-Q / 10-K文件中标记的全部237项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable and Accrued Liabilities, Current | $43.2亿 | $37亿 | +16.7% | $34.9亿2025-12-31 | $38.3亿 | -8.7% |
| Accounts Payable, Current | $10.4亿 | $8.53亿 | +21.7% | $8.04亿2025-12-31 | $8.47亿 | -5.1% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $21.4亿 | $19.2亿 | +11.4% | $18.6亿2025-12-31 | $18.9亿 | -1.8% |
| Accounts Receivable, Allowance for Credit Loss, Current | $900万 | $500万 | +80.0% | $400万2025-12-31 | $600万 | -33.3% |
| Accounts Receivable, Allowance for Credit Loss, Noncurrent | $6100万 | $7100万 | -14.1% | $6400万2025-12-31 | $6900万 | -7.2% |
| Accrual for Environmental Loss Contingencies | $2.74亿 | $2.57亿 | +6.6% | $2.59亿2025-12-31 | $2.68亿 | -3.4% |
| Accrual for Environmental Loss Contingencies, Charges to Expense for New Losses | $3700万 | $1600万 | +131.3% | $7000万2025-12-31 | $1.29亿 | -45.7% |
| Accrual for Environmental Loss Contingencies, Payments | $2400万 | $1400万 | +71.4% | $7900万2025-12-31 | $1.06亿 | -25.5% |
| Accrued Employee Benefits, Current | $6.39亿 | $6.12亿 | +4.4% | $6.42亿2025-12-31 | $6.18亿 | +3.9% |
| Accrued Environmental Loss Contingencies, Current | $6500万 | $6600万 | -1.5% | $6200万2025-12-31 | $8300万 | -25.3% |
| Accrued Rent, Current | $1.06亿 | $1.05亿 | +1.0% | $1.02亿2025-12-31 | $1.09亿 | -6.4% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$5.39亿 | -$6.72亿 | +19.8% | -$5.91亿2025-12-31 | -$7.23亿 | +18.3% |
| Additional Paid in Capital | $57.4亿 | $55.5亿 | +3.5% | $55.9亿2025-12-31 | $53.3亿 | +4.8% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 | 100万 | -100.0% | 30万2020-12-31 | 50万 | -40.0% |
| Assets | $726亿 | $686亿 | +5.8% | $697亿2025-12-31 | $677亿 | +2.9% |
| Assets, Current | $65.2亿 | $39亿 | +66.9% | $45.6亿2025-12-31 | $40.2亿 | +13.3% |
| Capital Expenditures Incurred but Not yet Paid | $5800万 | $3300万 | +75.8% | $1.31亿2025-12-31 | $1.65亿 | -20.6% |
| Cash and Cash Equivalents, at Carrying Value | $22.1亿 | $8.08亿 | +173.6% | $12.7亿2025-12-31 | $10.2亿 | +24.6% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $22.2亿 | $8.3亿 | +167.2% | $12.8亿2025-12-31 | $10.3亿 | +24.5% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $5.95亿 | -$2.53亿 | +335.2% | $2.52亿2025-12-31 | -$4600万 | +647.8% |
| Commercial Paper | $0 | $0 | – | $02025-12-31 | $0 | – |
| Common Stock, Dividends, Per Share, Declared | $1.42 | $1.38 | +2.9% | $5.442025-12-31 | $5.28 | +3.0% |
| Common Stock, Par or Stated Value Per Share | $2.50 | $2.50 | 0.0% | $2.502025-12-31 | $2.50 | 0.0% |
| Common Stock, Shares Authorized | 14亿 | 14亿 | 0.0% | 14亿2025-12-31 | 14亿 | 0.0% |
| Common Stock, Shares, Issued | 11.1亿 | 11.1亿 | 0.0% | 11.1亿2025-12-31 | 11.1亿 | 0.0% |
| Common Stock, Shares, Outstanding | 5.94亿 | 5.93亿 | +0.2% | 5.93亿2025-12-31 | 6.04亿 | -1.8% |
| Common Stock, Value, Issued | $27.8亿 | $27.8亿 | 0.0% | $27.8亿2025-12-31 | $27.8亿 | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $20.9亿 | $18.1亿 | +15.8% | $72.7亿2025-12-31 | $66.4亿 | +9.5% |
| Cost of Property Repairs and Maintenance | – | – | – | $23亿2025-12-31 | $23亿 | 0.0% |
| Costs and Expenses | $42.5亿 | $37亿 | +15.1% | $147亿2025-12-31 | $145亿 | +0.9% |
| Current Federal Tax Expense (Benefit) | – | – | – | $14.6亿2025-12-31 | $16.5亿 | -11.5% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $600万2025-12-31 | $1100万 | -45.5% |
| Current Income Tax Expense (Benefit) | – | – | – | $17.9亿2025-12-31 | $20.2亿 | -11.5% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $3.21亿2025-12-31 | $3.59亿 | -10.6% |
| Debt Instrument, Fair Value Disclosure | $228亿 | $268亿 | -14.9% | $265亿2025-12-31 | $253亿 | +4.7% |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $16.8亿2025-12-31 | $16.9亿 | -0.9% | $16.8亿2025-12-31 | $16.9亿 | -0.9% |
| Debt Securities, Held-to-maturity, Current | $8.75亿 | – | – | $2.5亿2025-12-31 | $2000万 | +1,150.0% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $3.51亿2025-12-31 | $4700万 | +646.8% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $400万2025-12-31 | $500万 | -20.0% |
| Deferred Income Tax Expense (Benefit) | – | – | – | $2.41亿2025-12-31 | $2800万 | +760.7% |
| Deferred Income Tax Liabilities, Net | $136亿 | $133亿 | +2.3% | $134亿2025-12-31 | $132亿 | +2.1% |
| Deferred Income Taxes and Tax Credits | $1.14亿 | $2.95亿 | -61.4% | $2.41亿2025-12-31 | $2800万 | +760.7% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$1.14亿2025-12-31 | -$2400万 | -375.0% |
| Deferred Tax Assets, Gross | $7.26亿2025-12-31 | $7.64亿 | -5.0% | $7.26亿2025-12-31 | $7.64亿 | -5.0% |
| Deferred Tax Assets, Other | $2.15亿2025-12-31 | $2.05亿 | +4.9% | $2.15亿2025-12-31 | $2.05亿 | +4.9% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Compensation | $5200万2025-12-31 | $5100万 | +2.0% | $5200万2025-12-31 | $5100万 | +2.0% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | $3400万2025-12-31 | $2800万 | +21.4% | $3400万2025-12-31 | $2800万 | +21.4% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Loss Reserves | $1.84亿2025-12-31 | $1.72亿 | +7.0% | $1.84亿2025-12-31 | $1.72亿 | +7.0% |
| Deferred Tax Assets, Valuation Allowance | $02025-12-31 | $0 | – | $02025-12-31 | $0 | – |
| Deferred Tax Liabilities, Gross | $141亿2025-12-31 | $139亿 | +1.7% | $141亿2025-12-31 | $139亿 | +1.7% |
| Deferred Tax Liabilities, Leasing Arrangements | $2.48亿2025-12-31 | $3.14亿 | -21.0% | $2.48亿2025-12-31 | $3.14亿 | -21.0% |
| Deferred Tax Liabilities, Net | $134亿2025-12-31 | $132亿 | +2.1% | $134亿2025-12-31 | $132亿 | +2.1% |
| Deferred Tax Liabilities, Other | $6.39亿2025-12-31 | $5.81亿 | +10.0% | $6.39亿2025-12-31 | $5.81亿 | +10.0% |
| Deferred Tax Liabilities, Property, Plant and Equipment | $133亿2025-12-31 | $130亿 | +1.8% | $133亿2025-12-31 | $130亿 | +1.8% |
| Defined Benefit Plan, Amortization of Gain (Loss) | -$500万 | -$200万 | -150.0% | – | – | – |
| Defined Benefit Plan, Expected Return (Loss) on Plan Assets | $5600万 | $6000万 | -6.7% | – | – | – |
| Defined Benefit Plan, Interest Cost | $4100万 | $4500万 | -8.9% | – | – | – |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit) | -$100万 | -$400万 | +75.0% | $02023-12-31 | $900万 | -100.0% |
| Defined Benefit Plan, Service Cost | $900万 | $900万 | 0.0% | – | – | – |
| Defined Contribution Plan, Cost | – | – | – | $2900万2025-12-31 | $2800万 | +3.6% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
数据截至 2026-11-01