Union Pacific (UNP) reported $6.24 billion in revenue for the quarter ended September 2025, representing a year-over-year increase of 2.5%. EPS of $3.08 for the same period compares to $2.75 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $6.23 billion, representing a surprise of +0.16%. The company delivered an EPS surprise of +3.01%, with the consensus EPS estimate being $2.99.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Union Pacific performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Operating Ratio: 59.2% versus the four-analyst average estimate of 59%.
- Revenue Ton-Miles: 108.86 billion compared to the 106.18 billion average estimate based on three analysts.
- Revenue Carloads - Total: 2.16 million compared to the 2.17 million average estimate based on three analysts.
- Revenue Ton-Miles - Industrial Products: 32.12 billion compared to the 32.31 billion average estimate based on three analysts.
- Freight Revenues- Bulk: $1.93 billion versus $1.92 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6.9% change.
- Operating Revenues- Other revenues: $317 million compared to the $311.9 million average estimate based on three analysts. The reported number represents a change of -1.9% year over year.
- Freight Revenues- Industrial Products: $2.19 billion compared to the $2.23 billion average estimate based on three analysts. The reported number represents a change of +3.4% year over year.
- Freight Revenues- Premium: $1.8 billion versus $1.76 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -2.1% change.
- Operating Revenues- Freight revenues: $5.93 billion versus the three-analyst average estimate of $5.91 billion. The reported number represents a year-over-year change of +2.8%.
- Freight Revenues- Forest products: $327 million compared to the $330.89 million average estimate based on two analysts. The reported number represents a change of +1.6% year over year.
- Freight Revenues- Energy & specialized markets: $652 million compared to the $714.03 million average estimate based on two analysts. The reported number represents a change of -3% year over year.
- Freight Revenues- Intermodal: $1.2 billion versus the two-analyst average estimate of $1.16 billion. The reported number represents a year-over-year change of -3.4%.
View all Key Company Metrics for Union Pacific here>>>
Shares of Union Pacific have returned -2.2% over the past month versus the Zacks S&P 500 composite's +0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Union Pacific Corporation (UNP): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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