Stocks Comparison
Norfolk Southern vs Union Pacific: revenue, profit, margins and growth compared
Norfolk Southern brought in $12.2B of revenue in fiscal 2025, Union Pacific $24.5B in fiscal 2025. Revenue changed by +0.5% at Norfolk Southern and +1.1% at Union Pacific on the year before, so Union Pacific grew faster. Norfolk Southern kept 23.6% of its revenue as net profit, Union Pacific 29.1%. Free cash flow was $2.2B at Norfolk Southern and $5.5B at Union Pacific.
Side by side, latest fiscal year
| NSC | UNP | |
|---|---|---|
| Fiscal year ended | FY2025 (December 31, 2025) | FY2025 (December 31, 2025) |
| Revenue | $12.2B | $24.5B |
| Revenue growth | +0.5% | +1.1% |
| Net income | $2.9B | $7.1B |
| Net margin | 23.6% | 29.1% |
| Free cash flow | $2.2B | $5.5B |
| Free cash flow margin | 17.7% | 22.4% |
| Earnings per share (diluted) | $12.75 | $11.98 |
| Cash | $1.5B | $1.3B |
| Debt | $17.1B | $31.8B |
| Price to earnings | 24.6 | 22.9 |
| Market value | $70.3B | $162.7B |
| Dividend yield | 1.73% | 1.99% |
| Rank by revenue in sector | #52 of 451 · Industrials | #28 of 451 · Industrials |
Over the years
Questions about Norfolk Southern and Union Pacific
Which is bigger by revenue, Norfolk Southern or Union Pacific?
Union Pacific is bigger by revenue: $24.5B in fiscal 2025, against $12.2B for Norfolk Southern in fiscal 2025.
Which keeps more of its revenue as profit, Norfolk Southern or Union Pacific?
Norfolk Southern had a net margin of 23.6% in fiscal 2025; Union Pacific had 29.1% in fiscal 2025.
Which grew revenue faster, Norfolk Southern or Union Pacific?
In their latest fiscal years revenue changed by +0.5% at Norfolk Southern and +1.1% at Union Pacific.
Where do these numbers come from?
From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.