How many subsidiaries does UNION PACIFIC CORP file with the SEC?

1, listed in its most recent exhibit 21. All of them are incorporated in Delaware. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is UNION PACIFIC CORP financially healthy?

UNION PACIFIC CORP scores 7 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Its Altman Z-score puts it in the safe zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of UNION PACIFIC CORP?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

UNION PACIFIC CORP (UNP)

NYSE · Common Stock · Railroads, Line-Haul Operating

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

American railroad company

Corporate structure

1 entity across 1 jurisdiction. Read directly from the company’s own 10-K EX-21 filed 2026-02-06 — see the exhibit.

Which other public companies file entities in the same places:

Delaware1

Subsidiaries of UNION PACIFIC CORP as disclosed in its SEC filing
Entity	Jurisdiction	Note
Union Pacific Railroad Company	Delaware

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

7 / 8

PASSReturn on assets positiveROA 10.2%
PASSOperating cash flow positiveOCF 9.3B
PASSReturn on assets improving10.0% → 10.2%
PASSCash flow exceeds earningsOCF 9.3B vs NI 7.1B
PASSLong-term debt ratio falling46.1% → 45.6% of assets
PASSCurrent ratio improving0.77 → 0.91
PASSNo share dilution609M → 596M shares
FAILGross margin improvingno gross profit reported
FAILAsset turnover improving0.36× → 0.35×

Altman Z-score

4.14safe

Bankruptcy-risk screen combining working capital, retained earnings, operating income, market value against liabilities, and asset turnover. Above 2.99 is the safe zone; below 1.81 is distress.

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$19.5B	$5.3B	$5.6B	—	679,100,000
FY2021	$21.8B	$6.5B	$6.1B	—	655,400,000
FY2022	$24.9B	$7.0B	$5.7B	—	624,000,000
FY2023	$24.1B	$6.4B	$4.8B	—	610,200,000
FY2024	$24.3B	$6.7B	$5.9B	—	608,600,000
FY2025

Ownership flow

1 institutions tracked — 1 added, 0 reduced.

Institutional holders of UNION PACIFIC CORP and their share-count change
Manager	Kind	Shares	Change	Value
GEODE CAPITAL MANAGEMENT, LLC	Index	16,122,702	+260,095	$4.4B

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Dividend per share

2026Q2: $1.38
2026Q1: $1.38
2025Q3: $1.38
2025Q2: $1.34
2025Q1: $1.34
2024Q3: $1.34

Shares repurchased

2026Q1: $0
2025Q1: $1.4B
2024Q1: $0
2023Q1: $575.0M
2022Q1: $2.7B
2021Q1: $1.3B

Identity

CIK: 0000100885
FIGI: BBG000BW3299
SIC: 4011 · Railroads, Line-Haul Operating
Incorporated: UT
Headquarters: OMAHA, NE
Employees: 46,445
Founded: 1969-01-30

Ownership

Institutional: 91.3%
Institutions: 3,620
Insiders: 0.1%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Questions about UNION PACIFIC CORP

How many subsidiaries does UNION PACIFIC CORP file with the SEC?: 1, listed in its most recent exhibit 21. All of them are incorporated in Delaware. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is UNION PACIFIC CORP financially healthy?: UNION PACIFIC CORP scores 7 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Its Altman Z-score puts it in the safe zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of UNION PACIFIC CORP?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.