UNION PACIFIC CORP（UNP）の決算・業績分析
UNION PACIFIC CORPの2025年有価証券報告書をAI分析。売上高$24.5B(+1.1%)。営業利益$9.8B。Industrials。
目次
UNION PACIFIC CORPの2025年度 業績サマリー
UNION PACIFIC CORP（証券コード: UNP）の2025年度決算・業績分析。売上高は$24.5B（前年比+1.1%）。営業利益は$9.8B（前年比+1.4%）。純利益は$7.1B（前年比+5.8%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
UNION PACIFIC CORPの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Union Pacific Corp (UNP) achieved $24.9B in FY2024 revenue (+14.1% YoY) and $9.9B operating income (+6.2% YoY) (XBRL).
- Net income rose to $7.0B (+7.3% YoY) with a robust net margin of 28.1% (XBRL).
- ROE reached 49.4% despite a high debt-to-equity ratio of 3.70x (XBRL).
- Free cash flow (FCF) totaled $5.7B, driven by $9.4B operating cash flow and $3.6B CapEx (XBRL).
UNION PACIFIC CORPの売上高変化の要因
- •FY2024 revenue of $24.9B reflects a 14.1% YoY increase, with historical growth averaging 1.1% CAGR over five years (XBRL). While segment-specific revenue details are not disclosed (N/A), the company's diversified freight model across Bulk, Industrial, and Premium segments likely contributed to growth. Revenue outperformed FY2023's $21.8B and FY2020's $22.8B, showing resilience despite macroeconomic headwinds (XBRL).
UNION PACIFIC CORPの営業利益変化の要因
- •Operating margin expanded to 39.9% (+1.2% YoY) with $9.9B operating income (XBRL). Net margin improved to 28.1% (+1.1% YoY) on $7.0B net income (XBRL). EBITDA of $12.2B (48.9% of revenue) highlights strong cost control. Operating cash flow of $9.4B (+4.8% YoY) and FCF of $5.7B (after $3.6B CapEx) underscore efficient operations (XBRL).
UNION PACIFIC CORPの事業リスクと対応
Fluctuating demand for rail services could increase costs and impact service levels (10-K).
Transporting hazardous materials poses risks of significant costs and environmental penalties (10-K).
Reliance on technology systems may lead to service outages or competitive disadvantages if upgrades are delayed (10-K).
Cybersecurity risks could result in data breaches or operational disruptions (10-K).
Regulatory obligations for hazardous materials transportation may increase liabilities (10-K).
UNION PACIFIC CORPの事業内容
Union Pacific Corp operates a railroad network spanning 23 U.S. states, generating revenue through freight transportation services (10-K). Its diversified business model includes three primary segments: Bulk (grain, fertilizer, coal), Industrial (construction materials, chemicals), and Premium (intermodal, high-value freight). The company serves approximately 10,000 customers, with no significant customer concentration (10-K). Key competitive advantages include its extensive rail network connecting major ports and gateways, operational excellence, and intermodal capabilities. Notably, Union Pacific is the only railroad serving all six major Mexico gateways (10-K).
UNION PACIFIC CORPのAI業績分析レポート（2024年度）
Union Pacific Corp (UNP) FY2024 Annual Report Analysis
Highlights
Business Overview
Union Pacific Corp operates a railroad network connecting 23 states, generating revenue through freight transportation services (10-K). Key segments include Bulk (grain, fertilizer, coal), Industrial (construction materials, chemicals), and Premium (intermodal, high-value freight). The company serves ~10,000 customers with no significant concentration (10-K). Competitive advantages include its extensive rail network, operational excellence, and intermodal capabilities (10-K).
Revenue Analysis
FY2024 revenue of $24.9B reflects a 14.1% YoY increase, with historical CAGR of 1.1% over five years (XBRL). Revenue outperformed FY2023's $21.8B and FY2020's $22.8B (XBRL). Segment-specific revenue details are not disclosed (N/A).
Profitability Analysis
Operating margin improved to 39.9% (+1.2% YoY) with $9.9B operating income (XBRL). Net margin rose to 28.1% (+1.1% YoY) on $7.0B net income (XBRL). EBITDA of $12.2B (48.9% of revenue) highlights strong cost control. Operating cash flow of $9.4B (+4.8% YoY) and FCF of $5.7B (after $3.6B CapEx) underscore efficient operations (XBRL).
Balance Sheet Analysis
Total assets grew to $67.1B (FY2024) from $61.7B (FY2020), while total equity declined to $14.2B (FY2024) from $18.1B (FY2020) (XBRL). The company maintains $973M in cash but carries $31.2B in long-term debt, resulting in a net debt-to-EBITDA ratio of 2.5x (XBRL). Leverage is high (D/E 3.70x), but strong ROA (10.4%) and ROIC (8.4%) suggest effective capital deployment (XBRL).
Cash Flow Analysis
Operating cash flow increased to $9.4B (XBRL), with $5.7B in FCF after $3.6B CapEx (XBRL). Capital expenditures totaled $3.6B, reflecting a CapEx intensity of 14.6% (XBRL). Shareholder returns included $3.2B in dividends and $6.3B in share repurchases, totaling $9.4B (XBRL).
Working Capital Analysis
Receivables days stood at 30 days, while payables days were 13 days (XBRL). Asset turnover of 0.37x indicates moderate efficiency in asset utilization (XBRL). No data on inventory days or cash conversion cycle is available (N/A).
Risks
Outlook
Management guidance and forward-looking trends are not explicitly detailed in the provided data (10-K).
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 22.8B | 21.7B | 19.5B | 21.8B | 24.9B | 24.1B |
| Operating Income | 8.5B | 8.6B | 7.8B | 9.3B | 9.9B | 9.1B |
| Net Income | 6.0B | 5.9B | 5.3B | 6.5B | 7.0B | 6.4B |
| Total Assets | 61.7B | 62.4B | 63.5B | 65.4B | 67.1B | 67.7B |
| Total Equity | 18.1B | 20.4B | 18.1B | 17.0B | 14.2B | 12.2B |
| Operating Cash Flow | 8.7B | 8.6B | 8.5B | 9.0B | 9.4B | 8.4B |
Industrialsの企業一覧
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