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Side-by-side financial comparison of PBF Energy Inc. (PBF) and Union Pacific Corporation (UNP). Click either name above to swap in a different company.
PBF Energy Inc. is the larger business by last-quarter revenue ($7.1B vs $6.2B, roughly 1.1× Union Pacific Corporation). Union Pacific Corporation runs the higher net margin — 27.4% vs 1.1%, a 26.3% gap on every dollar of revenue. On growth, Union Pacific Corporation posted the faster year-over-year revenue change (3.2% vs -2.9%). Union Pacific Corporation produced more free cash flow last quarter ($631.0M vs $77.0M). Over the past eight quarters, Union Pacific Corporation's revenue compounded faster (1.7% CAGR vs -9.1%).
PBF Energy Inc. is a petroleum refining and logistics company that produces and sells transportation fuels, heating oils, lubricants, petrochemical feedstocks, and other petroleum products. The company owns and operated 6 refineries throughout the United States, located in Chalmette, Louisiana; Toledo, Ohio; Paulsboro, New Jersey; the Delaware City Refinery in Delaware City; Torrance, California; Martinez, California. PBF produces a range of products including gasoline, ultra-low-sulfur diese...
The Union Pacific Railroad Company is a Class I freight-hauling railroad that operates 8,300 locomotives over 32,200 miles (51,800 km) routes in 23 U.S. states west of Chicago and New Orleans. Union Pacific is the second-largest railroad in the United States after BNSF.
PBF vs UNP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $7.1B | $6.2B |
| Net Profit | $78.4M | $1.7B |
| Gross Margin | -1.8% | — |
| Operating Margin | 1.8% | 39.5% |
| Net Margin | 1.1% | 27.4% |
| Revenue YoY | -2.9% | 3.2% |
| Net Profit YoY | 127.1% | 4.6% |
| EPS (diluted) | $0.74 | $2.87 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $6.2B | ||
| Q4 25 | $7.1B | $6.1B | ||
| Q3 25 | $7.7B | $6.2B | ||
| Q2 25 | $7.5B | $6.2B | ||
| Q1 25 | $7.1B | $6.0B | ||
| Q4 24 | $7.4B | $6.1B | ||
| Q3 24 | $8.4B | $6.1B | ||
| Q2 24 | $8.7B | $6.0B |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $78.4M | $1.8B | ||
| Q3 25 | $170.1M | $1.8B | ||
| Q2 25 | $-5.2M | $1.9B | ||
| Q1 25 | $-401.8M | $1.6B | ||
| Q4 24 | $-289.3M | $1.8B | ||
| Q3 24 | $-285.9M | $1.7B | ||
| Q2 24 | $-65.2M | $1.7B |
| Q1 26 | — | — | ||
| Q4 25 | -1.8% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | -0.8% | — | ||
| Q1 25 | -5.9% | — | ||
| Q4 24 | -4.2% | — | ||
| Q3 24 | -3.4% | — | ||
| Q2 24 | 0.1% | — |
| Q1 26 | — | 39.5% | ||
| Q4 25 | 1.8% | 39.5% | ||
| Q3 25 | 3.7% | 40.8% | ||
| Q2 25 | 0.6% | 41.0% | ||
| Q1 25 | -7.2% | 39.3% | ||
| Q4 24 | -5.2% | 41.3% | ||
| Q3 24 | -4.6% | 39.7% | ||
| Q2 24 | -0.9% | 40.0% |
| Q1 26 | — | 27.4% | ||
| Q4 25 | 1.1% | 30.4% | ||
| Q3 25 | 2.2% | 28.6% | ||
| Q2 25 | -0.1% | 30.5% | ||
| Q1 25 | -5.7% | 27.0% | ||
| Q4 24 | -3.9% | 28.8% | ||
| Q3 24 | -3.4% | 27.4% | ||
| Q2 24 | -0.7% | 27.9% |
| Q1 26 | — | $2.87 | ||
| Q4 25 | $0.74 | $3.12 | ||
| Q3 25 | $1.45 | $3.01 | ||
| Q2 25 | $-0.05 | $3.15 | ||
| Q1 25 | $-3.53 | $2.70 | ||
| Q4 24 | $-2.41 | $2.91 | ||
| Q3 24 | $-2.49 | $2.75 | ||
| Q2 24 | $-0.56 | $2.74 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $527.9M | $735.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.3B | — |
| Total Assets | $13.0B | $69.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $735.0M | ||
| Q4 25 | $527.9M | $1.3B | ||
| Q3 25 | $482.0M | $808.0M | ||
| Q2 25 | $590.7M | $1.1B | ||
| Q1 25 | $468.6M | $1.4B | ||
| Q4 24 | $536.1M | $1.0B | ||
| Q3 24 | $976.7M | $947.0M | ||
| Q2 24 | $1.4B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | $30.3B | ||
| Q3 25 | — | $30.3B | ||
| Q2 25 | — | $30.3B | ||
| Q1 25 | — | $30.6B | ||
| Q4 24 | — | $29.8B | ||
| Q3 24 | — | $29.8B | ||
| Q2 24 | — | $31.2B |
| Q1 26 | — | — | ||
| Q4 25 | $5.3B | $18.5B | ||
| Q3 25 | $5.2B | $17.3B | ||
| Q2 25 | $5.1B | $16.3B | ||
| Q1 25 | $5.1B | $16.0B | ||
| Q4 24 | $5.5B | $16.9B | ||
| Q3 24 | $5.9B | $16.6B | ||
| Q2 24 | $6.3B | $16.5B |
| Q1 26 | — | $69.6B | ||
| Q4 25 | $13.0B | $69.7B | ||
| Q3 25 | $13.0B | $68.6B | ||
| Q2 25 | $13.0B | $68.6B | ||
| Q1 25 | $13.0B | $68.5B | ||
| Q4 24 | $12.7B | $67.7B | ||
| Q3 24 | $13.1B | $67.6B | ||
| Q2 24 | $14.1B | $67.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.64× | ||
| Q3 25 | — | 1.75× | ||
| Q2 25 | — | 1.86× | ||
| Q1 25 | — | 1.91× | ||
| Q4 24 | — | 1.76× | ||
| Q3 24 | — | 1.79× | ||
| Q2 24 | — | 1.89× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $366.6M | — |
| Free Cash FlowOCF − Capex | $77.0M | $631.0M |
| FCF MarginFCF / Revenue | 1.1% | 10.1% |
| Capex IntensityCapex / Revenue | 4.1% | — |
| Cash ConversionOCF / Net Profit | 4.68× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-783.2M | $4.8B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $366.6M | $2.2B | ||
| Q3 25 | $25.7M | $2.5B | ||
| Q2 25 | $191.1M | $2.3B | ||
| Q1 25 | $-661.4M | $2.2B | ||
| Q4 24 | $-329.7M | $2.7B | ||
| Q3 24 | $-68.0M | $2.7B | ||
| Q2 24 | $425.3M | $1.9B |
| Q1 26 | — | $631.0M | ||
| Q4 25 | $77.0M | $1.2B | ||
| Q3 25 | $-122.8M | $1.6B | ||
| Q2 25 | $35.0M | $1.4B | ||
| Q1 25 | $-772.4M | $1.3B | ||
| Q4 24 | $-425.7M | $1.7B | ||
| Q3 24 | $-169.8M | $1.8B | ||
| Q2 24 | $371.8M | $1.0B |
| Q1 26 | — | 10.1% | ||
| Q4 25 | 1.1% | 20.1% | ||
| Q3 25 | -1.6% | 25.2% | ||
| Q2 25 | 0.5% | 22.7% | ||
| Q1 25 | -10.9% | 21.6% | ||
| Q4 24 | -5.8% | 28.4% | ||
| Q3 24 | -2.0% | 29.9% | ||
| Q2 24 | 4.3% | 16.8% |
| Q1 26 | — | — | ||
| Q4 25 | 4.1% | 16.4% | ||
| Q3 25 | 1.9% | 15.2% | ||
| Q2 25 | 2.1% | 15.2% | ||
| Q1 25 | 1.6% | 15.0% | ||
| Q4 24 | 1.3% | 15.1% | ||
| Q3 24 | 1.2% | 13.6% | ||
| Q2 24 | 0.6% | 15.0% |
| Q1 26 | — | — | ||
| Q4 25 | 4.68× | 1.20× | ||
| Q3 25 | 0.15× | 1.41× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | — | 1.36× | ||
| Q4 24 | — | 1.51× | ||
| Q3 24 | — | 1.59× | ||
| Q2 24 | — | 1.14× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PBF
| Gasoline And Distillate | $6.4B | 89% |
| Asphaltand Residual Oil | $283.6M | 4% |
| Other | $149.4M | 2% |
| Chemicals | $145.1M | 2% |
| Logistics Group | $93.5M | 1% |
| Lubricants | $81.9M | 1% |
UNP
| Freight revenues | $5.9B | 95% |
| Other revenues | $324.0M | 5% |
