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Side-by-side financial comparison of Union Pacific Corporation (UNP) and Block, Inc. (XYZ). Click either name above to swap in a different company.
Block, Inc. is the larger business by last-quarter revenue ($6.3B vs $6.2B, roughly 1.0× Union Pacific Corporation). Union Pacific Corporation runs the higher net margin — 27.4% vs 1.9%, a 25.5% gap on every dollar of revenue. On growth, Block, Inc. posted the faster year-over-year revenue change (3.6% vs 3.2%). Union Pacific Corporation produced more free cash flow last quarter ($631.0M vs $579.8M). Over the past eight quarters, Block, Inc.'s revenue compounded faster (2.4% CAGR vs 1.7%).
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.
Block, Inc. is an American technology company and a financial services provider for consumers and merchants. Founded in 2009 by Jack Dorsey, it is the U.S. market leader in point-of-sale systems. As of 2024, Block serves 57 million users and 4 million sellers, processing $241 billion in payments annually.
UNP vs XYZ — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.2B | $6.3B |
| Net Profit | $1.7B | $115.8M |
| Gross Margin | — | 45.9% |
| Operating Margin | 39.5% | 7.8% |
| Net Margin | 27.4% | 1.9% |
| Revenue YoY | 3.2% | 3.6% |
| Net Profit YoY | 4.6% | -94.1% |
| EPS (diluted) | $2.87 | $0.19 |
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 | $6.1B | $6.3B | ||
| Q3 25 | $6.2B | $6.1B | ||
| Q2 25 | $6.2B | $6.1B | ||
| Q1 25 | $6.0B | $5.8B | ||
| Q4 24 | $6.1B | $6.0B | ||
| Q3 24 | $6.1B | $6.0B | ||
| Q2 24 | $6.0B | $6.2B |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.8B | $115.8M | ||
| Q3 25 | $1.8B | $461.5M | ||
| Q2 25 | $1.9B | $538.5M | ||
| Q1 25 | $1.6B | $189.9M | ||
| Q4 24 | $1.8B | $1.9B | ||
| Q3 24 | $1.7B | $283.8M | ||
| Q2 24 | $1.7B | $195.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 43.5% | ||
| Q2 25 | — | 41.9% | ||
| Q1 25 | — | 39.7% | ||
| Q4 24 | — | 38.3% | ||
| Q3 24 | — | 37.6% | ||
| Q2 24 | — | 36.3% |
| Q1 26 | 39.5% | — | ||
| Q4 25 | 39.5% | 7.8% | ||
| Q3 25 | 40.8% | 6.7% | ||
| Q2 25 | 41.0% | 8.0% | ||
| Q1 25 | 39.3% | 5.7% | ||
| Q4 24 | 41.3% | 0.2% | ||
| Q3 24 | 39.7% | 5.4% | ||
| Q2 24 | 40.0% | 5.0% |
| Q1 26 | 27.4% | — | ||
| Q4 25 | 30.4% | 1.9% | ||
| Q3 25 | 28.6% | 7.5% | ||
| Q2 25 | 30.5% | 8.9% | ||
| Q1 25 | 27.0% | 3.3% | ||
| Q4 24 | 28.8% | 32.3% | ||
| Q3 24 | 27.4% | 4.7% | ||
| Q2 24 | 27.9% | 3.2% |
| Q1 26 | $2.87 | — | ||
| Q4 25 | $3.12 | $0.19 | ||
| Q3 25 | $3.01 | $0.74 | ||
| Q2 25 | $3.15 | $0.87 | ||
| Q1 25 | $2.70 | $0.30 | ||
| Q4 24 | $2.91 | $3.06 | ||
| Q3 24 | $2.75 | $0.45 | ||
| Q2 24 | $2.74 | $0.31 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $735.0M | $6.6B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $22.2B |
| Total Assets | $69.6B | $39.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $735.0M | — | ||
| Q4 25 | $1.3B | $6.6B | ||
| Q3 25 | $808.0M | $8.3B | ||
| Q2 25 | $1.1B | $6.4B | ||
| Q1 25 | $1.4B | $7.1B | ||
| Q4 24 | $1.0B | $8.1B | ||
| Q3 24 | $947.0M | $8.3B | ||
| Q2 24 | $1.1B | $7.8B |
| Q1 26 | — | — | ||
| Q4 25 | $30.3B | — | ||
| Q3 25 | $30.3B | $7.3B | ||
| Q2 25 | $30.3B | $5.1B | ||
| Q1 25 | $30.6B | $5.1B | ||
| Q4 24 | $29.8B | $6.1B | ||
| Q3 24 | $29.8B | $6.1B | ||
| Q2 24 | $31.2B | $6.1B |
| Q1 26 | — | — | ||
| Q4 25 | $18.5B | $22.2B | ||
| Q3 25 | $17.3B | $22.5B | ||
| Q2 25 | $16.3B | $22.2B | ||
| Q1 25 | $16.0B | $21.5B | ||
| Q4 24 | $16.9B | $21.3B | ||
| Q3 24 | $16.6B | $19.9B | ||
| Q2 24 | $16.5B | $19.3B |
| Q1 26 | $69.6B | — | ||
| Q4 25 | $69.7B | $39.5B | ||
| Q3 25 | $68.6B | $39.2B | ||
| Q2 25 | $68.6B | $36.9B | ||
| Q1 25 | $68.5B | $36.4B | ||
| Q4 24 | $67.7B | $36.8B | ||
| Q3 24 | $67.6B | $36.4B | ||
| Q2 24 | $67.8B | $37.5B |
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | 1.75× | 0.32× | ||
| Q2 25 | 1.86× | 0.23× | ||
| Q1 25 | 1.91× | 0.24× | ||
| Q4 24 | 1.76× | 0.29× | ||
| Q3 24 | 1.79× | 0.31× | ||
| Q2 24 | 1.89× | 0.32× |
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 | — | $621.0M |
| Free Cash FlowOCF − Capex | $631.0M | $579.8M |
| FCF MarginFCF / Revenue | 10.1% | 9.3% |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | — | 5.36× |
| TTM Free Cash FlowTrailing 4 quarters | $4.8B | $2.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.2B | $621.0M | ||
| Q3 25 | $2.5B | $1.5B | ||
| Q2 25 | $2.3B | $374.3M | ||
| Q1 25 | $2.2B | $133.3M | ||
| Q4 24 | $2.7B | $13.8M | ||
| Q3 24 | $2.7B | $684.8M | ||
| Q2 24 | $1.9B | $519.4M |
| Q1 26 | $631.0M | — | ||
| Q4 25 | $1.2B | $579.8M | ||
| Q3 25 | $1.6B | $1.4B | ||
| Q2 25 | $1.4B | $343.0M | ||
| Q1 25 | $1.3B | $101.5M | ||
| Q4 24 | $1.7B | $-13.2M | ||
| Q3 24 | $1.8B | $628.2M | ||
| Q2 24 | $1.0B | $481.0M |
| Q1 26 | 10.1% | — | ||
| Q4 25 | 20.1% | 9.3% | ||
| Q3 25 | 25.2% | 22.9% | ||
| Q2 25 | 22.7% | 5.7% | ||
| Q1 25 | 21.6% | 1.8% | ||
| Q4 24 | 28.4% | -0.2% | ||
| Q3 24 | 29.9% | 10.5% | ||
| Q2 24 | 16.8% | 7.8% |
| Q1 26 | — | — | ||
| Q4 25 | 16.4% | 0.7% | ||
| Q3 25 | 15.2% | 0.8% | ||
| Q2 25 | 15.2% | 0.5% | ||
| Q1 25 | 15.0% | 0.6% | ||
| Q4 24 | 15.1% | 0.4% | ||
| Q3 24 | 13.6% | 0.9% | ||
| Q2 24 | 15.0% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.20× | 5.36× | ||
| Q3 25 | 1.41× | 3.14× | ||
| Q2 25 | 1.24× | 0.70× | ||
| Q1 25 | 1.36× | 0.70× | ||
| Q4 24 | 1.51× | 0.01× | ||
| Q3 24 | 1.59× | 2.41× | ||
| Q2 24 | 1.14× | 2.66× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
UNP
| Freight revenues | $5.9B | 95% |
| Other revenues | $324.0M | 5% |
XYZ
| US | $5.7B | 91% |
| Non Us | $560.9M | 9% |
