Union Pacific Corporation

Name: Union Pacific Corporation financial statements and ratios
Creator: Annalist

UNP · NYSE · Industrials, railways · United States · US GAAP · Fiscal year ends December

Latest report: Q3 FY2026, the quarter ended 30 September 2026, released 22 October 2026. Snapshot FY2026Q3_32422f77.

Compare with peers Buyout model Excel JSON

Overview

Revenue, quarter

+15.3% year on year

Operating income, quarter

+15.5% year on year

Net income, quarter

+16.1% year on year

Diluted EPS, quarter

+15.9% year on year

Operating margin, last 4 quarters

−0.5pp year on year

Return on equity, last 4 quarters

−2.9pp year on year

Select a figure to see the document it came from.

Key Findings

Findings for the latest quarter, with their history over earlier quarters.

Revenue for the quarter ended 30 September 2026 was US$7.2 billion, 15.3% higher than in the same quarter a year earlier.
Strengthenedin Q3 FY2026 · stated since Q1 FY202615.3% from 11.5% in Q2 FY2026
Rule: Revenue against a year earlier · Sources 10-Q 2026-09
History of this finding, 13 records
1. Q3 FY2026 StrengthenedRevenue for the quarter ended 30 September 2026 was US$7.2 billion, 15.3% higher than in the same quarter a year earlier.Recorded from FY2026Q3_32422f77 · data update
2. Q2 FY2026 StrengthenedRevenue for the quarter ended 30 June 2026 was US$6.9 billion, 11.5% higher than in the same quarter a year earlier.Reconstructed · data update
3. Q1 FY2026 NewRevenue for the quarter ended 31 March 2026 was US$6.2 billion, 3.2% higher than in the same quarter a year earlier.Reconstructed · data update
4. Q1 FY2026 RetiredThe finding changed to higher than a year earlier.Reconstructed · data update
5. Q4 FY2025 NewRevenue for the quarter ended 31 December 2025 was US$6.1 billion, 0.6% lower than in the same quarter a year earlier.Reconstructed · data update
6. Q4 FY2025 RetiredThe finding changed to lower than a year earlier.Reconstructed · data update
7. Q3 FY2025 ConfirmedRevenue for the quarter ended 30 September 2025 was US$6.2 billion, 2.5% higher than in the same quarter a year earlier.Reconstructed · data update
8. Q2 FY2025 NewRevenue for the quarter ended 30 June 2025 was US$6.2 billion, 2.4% higher than in the same quarter a year earlier.Reconstructed · data update
9. Q2 FY2025 RetiredThe finding changed to higher than a year earlier.Reconstructed · data update
10. Q1 FY2025 ConfirmedRevenue for the quarter ended 31 March 2025 was US$6.0 billion, 0.1% lower than in the same quarter a year earlier.Reconstructed · data update
11. Q4 FY2024 NewRevenue for the quarter ended 31 December 2024 was US$6.1 billion, 0.6% lower than in the same quarter a year earlier.Reconstructed · data update
12. Q4 FY2024 RetiredThe finding changed to lower than a year earlier.Reconstructed · data update
13. Q3 FY2024 NewRevenue for the quarter ended 30 September 2024 was US$6.1 billion, 2.5% higher than in the same quarter a year earlier.Reconstructed · initial
Net income attributable to the company was US$2.1 billion, 16.1% higher than in the same quarter a year earlier.
Strengthenedin Q3 FY2026 · stated since Q2 FY202516.1% from 6.2% in Q2 FY2026
Rule: Net income against a year earlier · Sources 10-Q 2026-09
History of this finding, 11 records
1. Q3 FY2026 StrengthenedNet income attributable to the company was US$2.1 billion, 16.1% higher than in the same quarter a year earlier.Recorded from FY2026Q3_32422f77 · data update
2. Q2 FY2026 StrengthenedNet income attributable to the company was US$2.0 billion, 6.2% higher than in the same quarter a year earlier.Reconstructed · data update
3. Q1 FY2026 ConfirmedNet income attributable to the company was US$1.7 billion, 4.6% higher than in the same quarter a year earlier.Reconstructed · data update
4. Q4 FY2025 WeakenedNet income attributable to the company was US$1.8 billion, 4.9% higher than in the same quarter a year earlier.Reconstructed · data update
5. Q3 FY2025 WeakenedNet income attributable to the company was US$1.8 billion, 7.0% higher than in the same quarter a year earlier.Reconstructed · data update
6. Q2 FY2025 NewNet income attributable to the company was US$1.9 billion, 12.1% higher than in the same quarter a year earlier.Reconstructed · data update
7. Q2 FY2025 RetiredThe finding changed to higher than a year earlier.Reconstructed · data update
8. Q1 FY2025 NewNet income attributable to the company was US$1.6 billion, 0.9% lower than in the same quarter a year earlier.Reconstructed · data update
9. Q1 FY2025 RetiredThe finding changed to lower than a year earlier.Reconstructed · data update
10. Q4 FY2024 WeakenedNet income attributable to the company was US$1.8 billion, 6.7% higher than in the same quarter a year earlier.Reconstructed · data update
11. Q3 FY2024 NewNet income attributable to the company was US$1.7 billion, 9.4% higher than in the same quarter a year earlier.Reconstructed · initial
The operating margin over the last 4 quarters was 40.1%, 0.5 percentage points lower than a year earlier.
Strengthenedin Q3 FY2026 · stated since Q2 FY2026
Rule: Operating margin against a year earlier · Sources 10-K 2025-12, 10-Q 2025-09, 10-Q 2026-03 and 2 more
History of this finding, 10 records
1. Q3 FY2026 StrengthenedThe operating margin over the last 4 quarters was 40.1%, 0.5 percentage points lower than a year earlier.Recorded from FY2026Q3_32422f77 · data update
2. Q2 FY2026 NewThe operating margin over the last 4 quarters was 40.0%, 0.3 percentage points lower than a year earlier.Reconstructed · data update
3. Q2 FY2026 RetiredThe finding changed to lower than a year earlier.Reconstructed · data update
4. Q1 FY2026 ConfirmedThe operating margin over the last 4 quarters was 40.2%, 0.2 percentage points higher than a year earlier.Reconstructed · data update
5. Q4 FY2025 WeakenedThe operating margin over the last 4 quarters was 40.2%, 0.1 percentage points higher than a year earlier.Reconstructed · data update
6. Q3 FY2025 WeakenedThe operating margin over the last 4 quarters was 40.6%, 1.1 percentage points higher than a year earlier.Reconstructed · data update
7. Q2 FY2025 WeakenedThe operating margin over the last 4 quarters was 40.3%, 1.6 percentage points higher than a year earlier.Reconstructed · data update
8. Q1 FY2025 WeakenedThe operating margin over the last 4 quarters was 40.1%, 2.0 percentage points higher than a year earlier.Reconstructed · data update
9. Q4 FY2024 StrengthenedThe operating margin over the last 4 quarters was 40.1%, 2.4 percentage points higher than a year earlier.Reconstructed · data update
10. Q3 FY2024 NewThe operating margin over the last 4 quarters was 39.5%, 1.9 percentage points higher than a year earlier.Reconstructed · initial
Return on equity over the last 4 quarters was 38.7%, against 41.6% a year earlier.
Confirmedin Q3 FY2026 · stated since Q3 FY2024
Rule: Return on equity against a year earlier · Sources 10-Q 2025-09, 10-Q 2026-09, 10-K 2025-12 and 3 more
History of this finding, 9 records
1. Q3 FY2026 ConfirmedReturn on equity over the last 4 quarters was 38.7%, against 41.6% a year earlier.Recorded from FY2026Q3_32422f77 · data update
2. Q2 FY2026 StrengthenedReturn on equity over the last 4 quarters was 39.7%, against 42.4% a year earlier.Reconstructed · data update
3. Q1 FY2026 ConfirmedReturn on equity over the last 4 quarters was 40.7%, against 42.5% a year earlier.Reconstructed · data update
4. Q4 FY2025 ConfirmedReturn on equity over the last 4 quarters was 40.4%, against 42.6% a year earlier.Reconstructed · data update
5. Q3 FY2025 ConfirmedReturn on equity over the last 4 quarters was 41.6%, against 43.4% a year earlier.Reconstructed · data update
6. Q2 FY2025 WeakenedReturn on equity over the last 4 quarters was 42.4%, against 43.8% a year earlier.Reconstructed · data update
7. Q1 FY2025 WeakenedReturn on equity over the last 4 quarters was 42.5%, against 45.4% a year earlier.Reconstructed · data update
8. Q4 FY2024 WeakenedReturn on equity over the last 4 quarters was 42.6%, against 47.3% a year earlier.Reconstructed · data update
9. Q3 FY2024 NewReturn on equity over the last 4 quarters was 43.4%, against 49.4% a year earlier.Reconstructed · initial
Free cash flow over the last 4 quarters was US$6.7 billion, and operating cash flow was 1.4 times net income attributable to the company.
Interpretation. Operating cash flow paid for all capital expenditure, and the rest is free for dividends, share buybacks or debt repayment.
Confirmedin Q3 FY2026 · stated since Q3 FY2024
Rule: Free cash flow · Sources 10-K 2025-12, 10-Q 2025-09, 10-Q 2026-03 and 2 more
History of this finding, 9 records
1. Q3 FY2026 ConfirmedFree cash flow over the last 4 quarters was US$6.7 billion, and operating cash flow was 1.4 times net income attributable to the company.Recorded from FY2026Q3_32422f77 · data update
2. Q2 FY2026 StrengthenedFree cash flow over the last 4 quarters was US$6.5 billion, and operating cash flow was 1.4 times net income attributable to the company.Reconstructed · data update
3. Q1 FY2026 ConfirmedFree cash flow over the last 4 quarters was US$5.7 billion, and operating cash flow was 1.3 times net income attributable to the company.Reconstructed · data update
4. Q4 FY2025 WeakenedFree cash flow over the last 4 quarters was US$5.5 billion, and operating cash flow was 1.3 times net income attributable to the company.Reconstructed · data update
5. Q3 FY2025 ConfirmedFree cash flow over the last 4 quarters was US$6.0 billion, and operating cash flow was 1.4 times net income attributable to the company.Reconstructed · data update
6. Q2 FY2025 StrengthenedFree cash flow over the last 4 quarters was US$6.3 billion, and operating cash flow was 1.4 times net income attributable to the company.Reconstructed · data update
7. Q1 FY2025 ConfirmedFree cash flow over the last 4 quarters was US$5.9 billion, and operating cash flow was 1.4 times net income attributable to the company.Reconstructed · data update
8. Q4 FY2024 StrengthenedFree cash flow over the last 4 quarters was US$5.9 billion, and operating cash flow was 1.4 times net income attributable to the company.Reconstructed · data update
9. Q3 FY2024 NewFree cash flow over the last 4 quarters was US$5.5 billion, and operating cash flow was 1.4 times net income attributable to the company.Reconstructed · initial
Net debt was US$28.1 billion at 30 September 2026, 2.1 times EBITDA over the last 4 quarters.
Confirmedin Q3 FY2026 · stated since Q3 FY2024
Rule: Net debt or net cash · Sources 10-Q 2026-09, 10-K 2025-12, 10-Q 2025-09 and 2 more
History of this finding, 9 records
1. Q3 FY2026 ConfirmedNet debt was US$28.1 billion at 30 September 2026, 2.1 times EBITDA over the last 4 quarters.Recorded from FY2026Q3_32422f77 · data update
2. Q2 FY2026 ConfirmedNet debt was US$28.7 billion at 30 June 2026, 2.3 times EBITDA over the last 4 quarters.Reconstructed · data update
3. Q1 FY2026 ConfirmedNet debt was US$29.9 billion at 31 March 2026, 2.4 times EBITDA over the last 4 quarters.Reconstructed · data update
4. Q4 FY2025 ConfirmedNet debt was US$30.5 billion at 31 December 2025, 2.5 times EBITDA over the last 4 quarters.Reconstructed · data update
5. Q3 FY2025 ConfirmedNet debt was US$31.0 billion at 30 September 2025, 2.5 times EBITDA over the last 4 quarters.Reconstructed · data update
6. Q2 FY2025 ConfirmedNet debt was US$31.8 billion at 30 June 2025, 2.6 times EBITDA over the last 4 quarters.Reconstructed · data update
7. Q1 FY2025 ConfirmedNet debt was US$31.4 billion at 31 March 2025, 2.6 times EBITDA over the last 4 quarters.Reconstructed · data update
8. Q4 FY2024 ConfirmedNet debt was US$30.2 billion at 31 December 2024, 2.5 times EBITDA over the last 4 quarters.Reconstructed · data update
9. Q3 FY2024 NewNet debt was US$30.7 billion at 30 September 2024, 2.6 times EBITDA over the last 4 quarters.Reconstructed · initial

Records before Q3 FY2026 are reconstructed from the latest snapshot. Ledger: findings.json.

Credit, liquidity, earnings quality and score findings: Analysis.

Data

Source documents27 documents, latest Form 10-Q, period ended 30 September 2026List

DownloadsExcel workbook · JSON

SnapshotFY2026Q3_32422f77

Corporate Events

No corporate event found in the filings since 2020.

Earnings, Returns and Balance Sheet

Revenue

By quarter, US dollars

Operating Income

By quarter, US dollars

Net Income Attributable to the Company

By quarter, US dollars

Margins

Last 4 quarters at each quarter end, per cent

Returns

Last 4 quarters, per cent

Free Cash Flow

Operating cash flow less capital expenditure, by quarter, US dollars

Net Debt

Total debt less cash and short-term investments, at quarter end, US dollars

Diluted Earnings per Share

By quarter, as reported

Financial Statements

Figures as filed. Select a figure for its source document and method; a small d marks a quarter derived from cumulative reports.

The statements are loading. They are also available as JSON and CSV.

Ratios

Select a ratio for its formula and the figures it uses, each with its document; (i) gives its definition.

The ratios are loading.

Analysis

Credit update

Q3 FY2026

Form 10-Q, period ended 30 September 2026, filed 22 October 2026. Changes are against the previous report, and each figure shows its period.

3changes0thresholds crossed

Changes in This Report 3

StrengthenedRevenue Against a Year Earlier10-Q 2026-09
Revenue for the quarter ended 30 September 2026 was US$7.2 billion, 15.3% higher than in the same quarter a year earlier.
Earlier record, Q2 FY2026
Revenue for the quarter ended 30 June 2026 was US$6.9 billion, 11.5% higher than in the same quarter a year earlier.
StrengthenedNet Income Against a Year Earlier10-Q 2026-09
Net income attributable to the company was US$2.1 billion, 16.1% higher than in the same quarter a year earlier.
Earlier record, Q2 FY2026
Net income attributable to the company was US$2.0 billion, 6.2% higher than in the same quarter a year earlier.
StrengthenedOperating Margin Against a Year Earlier10-Q 2026-09
The operating margin over the last 4 quarters was 40.1%, 0.5 percentage points lower than a year earlier.
Earlier record, Q2 FY2026
The operating margin over the last 4 quarters was 40.0%, 0.3 percentage points lower than a year earlier.

Thresholds Crossed 0

No published finding crosses a threshold.

Fiscal years and the latest quarter, with flows over the last 4 quarters and balances at the quarter end. Select a value for its formula and the figures it uses.

Credit MetricsDebt to EBITDA 2.30x, FFO to debt 31.8% · Q3 FY2026

Lease-adjusted debt, EBITDA and cash flow on the definitions of S&P and Moody's, as far as the filings allow.

Lease-adjusted debt was 2.3 times adjusted EBITDA over the last 4 quarters, and funds from operations equalled 31.8% of that debt. Both ratios are within the intermediate band of the S&P standard volatility table. The lease figures that the quarters do not report are estimated from the lease cost of fiscal 2025.
Interpretation. Debt to EBITDA shows how many years of EBITDA the debt equals, and FFO to debt the share of the debt that 1 year of cash flow after interest and taxes would repay. The S&P table sorts both into 6 bands; the intermediate band is number 3 of 6, and a higher number means more debt against earnings.
Confirmedin Q3 FY2026 · stated since Q3 FY20242.30x from 2.38x in Q2 FY2026
Rule: Debt against the S&P benchmark bands · Sources 10-Q 2026-09, 10-K 2025-12, 10-Q 2025-09 and 2 more
History of this finding, 9 records
1. Q3 FY2026 ConfirmedLease-adjusted debt was 2.3 times adjusted EBITDA over the last 4 quarters, and funds from operations equalled 31.8% of that debt. Both ratios are within the intermediate band of the S&P standard volatility table. The lease figures that the quarters do not report are estimated from the lease cost of fiscal 2025.Recorded from FY2026Q3_32422f77 · data update
2. Q2 FY2026 ConfirmedLease-adjusted debt was 2.4 times adjusted EBITDA over the last 4 quarters, and funds from operations equalled 30.7% of that debt. Both ratios are within the intermediate band of the S&P standard volatility table. The lease figures that the quarters do not report are estimated from the lease cost of fiscal 2025.Reconstructed · data update
3. Q1 FY2026 ConfirmedLease-adjusted debt was 2.4 times adjusted EBITDA over the last 4 quarters, and funds from operations equalled 30.0% of that debt. Both ratios are within the intermediate band of the S&P standard volatility table. The lease figures that the quarters do not report are estimated from the lease cost of fiscal 2025.Reconstructed · data update
4. Q4 FY2025 ConfirmedLease-adjusted debt was 2.6 times adjusted EBITDA over the last 4 quarters, and funds from operations equalled 28.6% of that debt. Debt to EBITDA is within the intermediate band of the S&P standard volatility table and FFO to debt within the significant band.Reconstructed · data update
5. Q3 FY2025 ConfirmedLease-adjusted debt was 2.5 times adjusted EBITDA over the last 4 quarters, within the intermediate band of the S&P standard volatility table. The lease figures that the quarters do not report are estimated from the lease cost of fiscal 2024.Reconstructed · data update
6. Q2 FY2025 ConfirmedLease-adjusted debt was 2.7 times adjusted EBITDA over the last 4 quarters, within the intermediate band of the S&P standard volatility table. The lease figures that the quarters do not report are estimated from the lease cost of fiscal 2024.Reconstructed · data update
7. Q1 FY2025 ConfirmedLease-adjusted debt was 2.7 times adjusted EBITDA over the last 4 quarters, within the intermediate band of the S&P standard volatility table. The lease figures that the quarters do not report are estimated from the lease cost of fiscal 2024.Reconstructed · data update
8. Q4 FY2024 ConfirmedLease-adjusted debt was 2.6 times adjusted EBITDA over the last 4 quarters, within the intermediate band of the S&P standard volatility table.Reconstructed · data update
9. Q3 FY2024 NewLease-adjusted debt was 2.6 times adjusted EBITDA over the last 4 quarters, within the intermediate band of the S&P standard volatility table. The lease figures that the quarters do not report are estimated from the lease cost of fiscal 2023.Reconstructed · initial

Position in the S&P Standard Volatility Table, Last 4 Quarters to Q3 FY2026

S&P sorts companies into 6 bands by debt against earnings and cash flow, from the least debt to the most.

Debt equals 2.3 years of adjusted EBITDA; a year of funds from operations equals 31.8% of it.

Band	Minimal	Modest	Intermediate	Significant	Aggressive	Highly leveraged
Debt to EBITDA	below 1.5x	1.5x to 2x	2.30x2x to 3x	3x to 4x	4x to 5x	5x and above
FFO to debt	60% and above	45% to 60%	31.8%30% to 45%	20% to 30%	12% to 20%	below 12%

By Fiscal Year

Ratio	FY202131 Dec 2021	FY202231 Dec 2022	FY202331 Dec 2023	FY202431 Dec 2024	FY202531 Dec 2025	Q3 FY2026latest quarter
Lease-adjusted debtBorrowings plus the obligations of long-term leases, such as rents of stores, offices and warehouses, which credit analysts count as debt.Total debt + operating lease liabilities
Adjusted EBITDAOperating profit before depreciation, amortisation, goodwill impairment, pay in shares and lease costs: the earnings that credit analysts set against lease-adjusted debt.EBIT + depreciation and amortisation + goodwill impairment + share-based compensation + operating lease cost						est.
Funds from operationsAdjusted EBITDA less interest and tax paid in cash: the cash the business produces each year for investment, dividends and debt repayment.Adjusted EBITDA - cash interest - lease interest - cash taxes		n/a	n/a			est.
Debt to EBITDALease-adjusted debt measured in years of adjusted EBITDA. A figure of 3 means debt equals 3 years of those earnings; a lower figure means less debt against earnings.Lease-adjusted debt / adjusted EBITDA	intermediate	intermediate	intermediate	intermediate	intermediate	est.intermediate
FFO to debtFunds from operations as a share of lease-adjusted debt. A figure of 25% means a year of those funds equals a quarter of the debt; a higher figure means less debt.Funds from operations / lease-adjusted debt	intermediate	n/a	n/a	intermediate	significant	est.intermediate
Net debt to adjusted EBITDADebt to EBITDA after cash and short-term investments are set against the debt.(Lease-adjusted debt - cash - short-term investments) / adjusted EBITDA						est.
Operating cash flow to debtOperating cash flow, with lease costs added back, as a share of lease-adjusted debt. A higher share means the debt could be repaid sooner from operating cash.Lease-adjusted operating cash flow / lease-adjusted debt						est.
Free operating cash flow to debtOperating cash flow less capital spending, as a share of lease-adjusted debt: the cash left for the debt after the company maintains and expands its assets.(Lease-adjusted operating cash flow - capital expenditure) / lease-adjusted debt						est.
Discretionary cash flow to debtCash left after capital spending, dividends and share repurchases, as a share of lease-adjusted debt. A negative figure means the company paid out more than it generated.(Lease-adjusted operating cash flow - capital expenditure - dividends - repurchases of common stock) / lease-adjusted debt						est.
Retained cash flow to net debtFunds from operations left after dividends, as a share of debt net of cash.(FFO - dividends) / (lease-adjusted debt - cash - short-term investments)		n/a	n/a			est.
FFO cash interest coverThe number of times cash earnings cover cash interest, lease interest included.(FFO + cash interest + lease interest) / (cash interest + lease interest)		n/a	n/a			est.
EBITDA interest coverThe number of times adjusted EBITDA covers interest, lease interest included.Adjusted EBITDA / (interest expense + lease interest)						est.
EBITA interest coverOperating profit before the amortisation of acquired intangible assets and goodwill impairment, divided by interest expense.(EBIT + amortisation of intangible assets + goodwill impairment) / interest expense
Liquid assets to debtCash and short-term investments as a share of lease-adjusted debt: the part of the debt that cash on hand could repay at once.(Cash + short-term investments) / lease-adjusted debt

Reconciliation of the Credit Figures

Item	FY202131 Dec 2021	FY202231 Dec 2022	FY202331 Dec 2023	FY202431 Dec 2024	FY202531 Dec 2025	Q3 FY2026latest quarter
Total debt	$30.1bn	$33.5bn	$32.6bn	$31.2bn	$31.8bn	$30.3bn
Operating lease liabilities	$1.8bn	$1.6bn	$1.6bn	$1.3bn	$1.0bn	$788m
Lease-adjusted debt	$31.9bn	$35.2bn	$34.2bn	$32.5bn	$32.8bn	$31.1bn
EBIT	$9.3bn	$9.9bn	$9.1bn	$9.7bn	$9.8bn	$10.6bn
Depreciation and amortisation	$2.2bn	$2.2bn	$2.3bn	$2.4bn	$2.5bn	$2.5bn
Goodwill impairment	$0	$0	$0	$0	$0	$0
Share-based compensation	$88.0m	$99.0m	$107m	$118m	$142m	$130m
Operating lease cost	$303m	$338m	$369m	$340m	$305m	$305m
Adjusted EBITDA	$11.9bn	$12.6bn	$11.9bn	$12.6bn	$12.8bn	$13.5bn
Cash interest	−$1.1bn	n/a	n/a	−$1.3bn	−$1.3bn	−$1.3bn
Lease interest	−$53.8m	n/a	n/a	−$54.5m	−$45.6m	−$36.6m
Cash taxes	$1.7bn	n/a	n/a	−$1.3bn	−$2.0bn	−$2.3bn
Funds from operations	$12.5bn	n/a	n/a	$9.9bn	$9.4bn	$9.9bn

Method

Lease-adjusted debt is total debt plus operating lease liabilities, before the deduction of cash. Adjusted EBITDA adds goodwill impairment, share-based compensation and operating lease cost to EBIT and depreciation and amortisation; restructuring and litigation charges, other impairments and profits on disposals stay in EBIT. FFO deducts cash interest, lease interest and cash taxes.
Lease interest is the average operating lease liability times the weighted average discount rate of the leases, or the implied cost of debt where the rate is not reported.
S&P applies its table to its own adjusted figures, which also deduct surplus cash and adjust for pensions and other items, so the band of an S&P calculation can differ.
Operating lease cost is reported in the annual report only. Over the last 4 quarters, the lease figures that the quarters do not report are estimated from the latest fiscal year, and every value computed with such an estimate is marked.

Liquidity and MaturitiesLiquidity cover 1.51x, Debt due within 12 months $1.3bn · Q3 FY2026

Cash and operating cash flow against debt due within 12 months, capital expenditure and dividends, with the debt maturities of the latest annual report.

Cash, short-term investments and operating cash flow over the last 4 quarters equalled 1.5 times the sum of debt due within 12 months, capital expenditure and dividends.
Interpretation. Cash on hand and 1 year of operating cash flow pay for the debt due in the next 12 months, capital expenditure and dividends, without new borrowing. Undrawn credit lines are not counted.
Confirmedin Q3 FY2026 · stated since Q3 FY20241.51x from 1.43x in Q2 FY2026
Rule: Liquidity cover · Sources 10-Q 2026-09, 10-K 2025-12, 10-Q 2025-09 and 2 more
History of this finding, 9 records
1. Q3 FY2026 ConfirmedCash, short-term investments and operating cash flow over the last 4 quarters equalled 1.5 times the sum of debt due within 12 months, capital expenditure and dividends.Recorded from FY2026Q3_32422f77 · data update
2. Q2 FY2026 StrengthenedCash, short-term investments and operating cash flow over the last 4 quarters equalled 1.4 times the sum of debt due within 12 months, capital expenditure and dividends.Reconstructed · data update
3. Q1 FY2026 ConfirmedCash, short-term investments and operating cash flow over the last 4 quarters equalled 1.3 times the sum of debt due within 12 months, capital expenditure and dividends.Reconstructed · data update
4. Q4 FY2025 ConfirmedCash, short-term investments and operating cash flow over the last 4 quarters equalled 1.2 times the sum of debt due within 12 months, capital expenditure and dividends.Reconstructed · data update
5. Q3 FY2025 ConfirmedCash, short-term investments and operating cash flow over the last 4 quarters equalled 1.2 times the sum of debt due within 12 months, capital expenditure and dividends.Reconstructed · data update
6. Q2 FY2025 ConfirmedCash, short-term investments and operating cash flow over the last 4 quarters equalled 1.2 times the sum of debt due within 12 months, capital expenditure and dividends.Reconstructed · data update
7. Q1 FY2025 ConfirmedCash, short-term investments and operating cash flow over the last 4 quarters equalled 1.2 times the sum of debt due within 12 months, capital expenditure and dividends.Reconstructed · data update
8. Q4 FY2024 StrengthenedCash, short-term investments and operating cash flow over the last 4 quarters equalled 1.3 times the sum of debt due within 12 months, capital expenditure and dividends.Reconstructed · data update
9. Q3 FY2024 NewCash, short-term investments and operating cash flow over the last 4 quarters equalled 1.2 times the sum of debt due within 12 months, capital expenditure and dividends.Reconstructed · initial

Sources and Uses, Last 4 Quarters to Q3 FY2026

Sources	Amount
Cash and short-term investments	$2.2bn
Operating cash flow	$10.5bn
Sources	$12.7bn

Uses	Amount
Debt due within 12 months	$1.3bn
Capital expenditure	$3.8bn
Dividends paid	$3.3bn
Uses	$8.4bn

Liquidity cover 1.51x

Debt Maturities at 31 December 2025

Principal due by fiscal year, US dollars

FY2026	FY2027	FY2028	FY2029	FY2030	After FY2030	Total
$1.5bn	$1.3bn	$1.2bn	$1.3bn	$753m	$27.4bn	$33.5bn

By Fiscal Year

Ratio	FY202131 Dec 2021	FY202231 Dec 2022	FY202331 Dec 2023	FY202431 Dec 2024	FY202531 Dec 2025	Q3 FY2026latest quarter
Liquidity coverCash on hand plus a year of operating cash flow, against the cash needed in the next 12 months for maturing debt, capital spending and dividends. Above 1, these sources cover the uses without new borrowing.(Cash + short-term investments + operating cash flow) / (debt due within 12 months + capital expenditure + dividends); the flows of the fiscal year or of the last 4 quarters are taken as those of the next 12 months, and undrawn facilities are not included
Debt due within 12 monthsBorrowings due within the next 12 months, which the company must repay or refinance.The larger of long-term debt maturing within 12 months in the maturity schedule and the current portion of long-term debt, + short-term borrowings
Maturity concentrationThe largest amount of debt due in a single year of the next 5, as a share of the debt in the schedule. A high share means the repayments are concentrated in 1 year.Largest single year of debt maturing within 5 years / total debt in the maturity schedule						n/a

Method

Debt due within 12 months is the larger of the first year of the maturity schedule and the current portion of long-term debt, plus short-term borrowings. The schedule of a quarterly report can cover the rest of the fiscal year only and leaves out finance leases.
Capital expenditure and dividends of the fiscal year, or of the last 4 quarters, are taken as those of the next 12 months. Undrawn credit facilities are not included.

Earnings QualityCash-flow accruals −4.1%, Operating cash flow to EBITDA 0.80x · Q3 FY2026

Accruals and the cash backing of reported earnings.

Operating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 4.1% of average total assets.
Interpretation. The profit came in as cash: operating cash flow was larger than net income. Profit backed by cash tends to repeat more than profit made of accounting entries (Sloan, 1996).
Confirmedin Q3 FY2026 · stated since Q3 FY2024−4.1% from −4.2% in Q2 FY2026
Rule: Cash backing of earnings · Sources 10-Q 2025-09, 10-Q 2026-09, 10-K 2025-12 and 2 more
History of this finding, 9 records
1. Q3 FY2026 ConfirmedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 4.1% of average total assets.Recorded from FY2026Q3_32422f77 · data update
2. Q2 FY2026 StrengthenedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 4.2% of average total assets.Reconstructed · data update
3. Q1 FY2026 ConfirmedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 3.3% of average total assets.Reconstructed · data update
4. Q4 FY2025 WeakenedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 3.1% of average total assets.Reconstructed · data update
5. Q3 FY2025 ConfirmedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 3.9% of average total assets.Reconstructed · data update
6. Q2 FY2025 ConfirmedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 4.3% of average total assets.Reconstructed · data update
7. Q1 FY2025 ConfirmedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 4.0% of average total assets.Reconstructed · data update
8. Q4 FY2024 ConfirmedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 3.9% of average total assets.Reconstructed · data update
9. Q3 FY2024 NewOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 3.6% of average total assets.Reconstructed · initial

Net Income and Operating Cash Flow

Last 4 quarters at each quarter end, US dollars

By Fiscal Year

Ratio	FY202131 Dec 2021	FY202231 Dec 2022	FY202331 Dec 2023	FY202431 Dec 2024	FY202531 Dec 2025	Q3 FY2026latest quarter
Cash-flow accrualsNet income less operating cash flow, against average assets: the part of profit not received in cash in the same period. Research associates high accruals with lower earnings in later years; a negative figure means cash exceeded profit.(Net income attributable to the company - operating cash flow) / average total assets
Balance sheet accrualsThe same gap between profit and cash, measured from the changes in the balance sheet (Sloan, 1996).[(Change in current assets - change in cash) - (change in current liabilities - change in short-term debt - change in taxes payable) - depreciation and amortisation] / average total assets (Sloan, 1996)
Total accrualsAccruals that also cover long-term operating and financial assets and liabilities (Richardson, Sloan, Soliman and Tuna, 2005). Acquisitions raise the figure.Change in net operating working capital, net non-current operating assets and net financial assets / average total assets (Richardson, Sloan, Soliman and Tuna, 2005)
Operating cash flow to EBITDAOperating cash flow against EBITDA: the part of operating profit before depreciation that turns into cash after interest, tax and changes in stock, receivables and payables.Operating cash flow / (operating income + depreciation and amortisation)
Free cash flow to net incomeFree cash flow against net income. Below 1, investment and working capital take up part of the profit.(Operating cash flow - capital expenditure) / net income attributable to the company
Working capital investment to revenueCash put into receivables and stock, less extra credit from suppliers and customers, as a share of revenue. A positive figure means growth or slower collection uses cash.(Increase in receivables + increase in inventories - increase in payables - increase in contract liabilities) / revenue

Method

Cash-flow accruals are net income attributable to the company less operating cash flow, over average total assets. Balance sheet accruals follow Sloan (1996) and total accruals Richardson, Sloan, Soliman and Tuna (2005).
Balance sheet and total accruals include the assets and liabilities that acquisitions bring in and disposals take out; cash-flow accruals exclude them.

Forensic and Distress ScoresAltman Z'' 4.54, Beneish −2.64 · Piotroski 9 of 9 · Last 4 quarters 4.79 at Q3 FY2026 · FY2025

Published distress and misstatement models, with their original coefficients and thresholds.

The Altman Z'' score for fiscal 2025 was 4.54, above the safe threshold of 2.60.
Interpretation. By this model, the balance sheet and earnings look like those of companies that did not go bankrupt in its original study: above 2.60 means safe, below 1.10 distress.
Confirmedin FY2025 · stated since FY20234.54 from 4.35 in FY2024
Rule: Altman Z'' zone · Sources 10-Q 2026-09, 10-K 2025-12
History of this finding, 3 records
1. FY2025 ConfirmedThe Altman Z'' score for fiscal 2025 was 4.54, above the safe threshold of 2.60.Reconstructed · data update
2. FY2024 ConfirmedThe Altman Z'' score for fiscal 2024 was 4.35, above the safe threshold of 2.60.Reconstructed · data update
3. FY2023 NewThe Altman Z'' score for fiscal 2023 was 4.13, above the safe threshold of 2.60.Reconstructed · initial
The Beneish M-score for fiscal 2025 was minus 2.64, below the model threshold of minus 1.78.
Interpretation. The model finds no sign of earnings manipulation. Beneish (1999) set a threshold of minus 1.78, above which a company resembles the companies that manipulated their earnings.
Weakenedin FY2025 · stated since FY2023−2.64 from −2.75 in FY2024
Rule: Beneish M-score against its threshold · Sources 10-K 2025-12, 10-Q 2026-09
History of this finding, 3 records
1. FY2025 WeakenedThe Beneish M-score for fiscal 2025 was minus 2.64, below the model threshold of minus 1.78.Reconstructed · data update
2. FY2024 StrengthenedThe Beneish M-score for fiscal 2024 was minus 2.75, below the model threshold of minus 1.78.Reconstructed · data update
3. FY2023 NewThe Beneish M-score for fiscal 2023 was minus 2.51, below the model threshold of minus 1.78.Reconstructed · initial
The Piotroski F-score for fiscal 2025 was 9 of 9.
Interpretation. The score counts how many of 9 tests of profit, debt, liquidity and efficiency the company passes. A score of 7 to 9 is the strongest group: Piotroski (2000) placed 0 to 3 in the weakest.
Strengthenedin FY2025 · stated since FY20249.00 from 7.00 in FY2024
Rule: Piotroski F-score · Sources 10-K 2024-12, 10-K 2025-12, 10-Q 2026-09
History of this finding, 4 records
1. FY2025 StrengthenedThe Piotroski F-score for fiscal 2025 was 9 of 9.Reconstructed · data update
2. FY2024 NewThe Piotroski F-score for fiscal 2024 was 7 of 9. The 2 signals not met were current ratio higher than a year earlier and asset turnover higher than a year earlier.Reconstructed · data update
3. Q4 FY2024 RetiredThe finding changed to a high score.Reconstructed · data update
4. FY2023 NewThe Piotroski F-score for fiscal 2023 was 6 of 9. The 3 signals not met were return on assets higher than a year earlier, margin higher than a year earlier and asset turnover higher than a year earlier.Reconstructed · initial

By Fiscal Year

Ratio	FY202131 Dec 2021	FY202231 Dec 2022	FY202331 Dec 2023	FY202431 Dec 2024	FY202531 Dec 2025	Q3 FY2026latest quarter
Altman Z'' scoreA measure of the risk of financial distress, built from working capital, retained earnings, operating profit and equity. Above 2.60 the model counts a company as safe and below 1.10 as in distress; between the 2 is a grey zone.6.56 x working capital / total assets + 3.26 x retained earnings / total assets + 6.72 x EBIT / total assets + 1.05 x total equity / total liabilities (Altman, 1995); distress zone below 1.10, safe zone above 2.60	safe zone	safe zone	safe zone	safe zone	safe zone	safe zone
Beneish M-scoreA screen for earnings manipulation, built from 8 changes in the accounts, such as receivables growing faster than sales. Above minus 1.78 the model groups a company with the companies in the Beneish sample that manipulated their earnings.-4.84 + 0.920 DSRI + 0.528 GMI + 0.404 AQI + 0.892 SGI + 0.115 DEPI - 0.172 SGAI + 4.679 TATA - 0.327 LVGI (Beneish, 1999); model threshold -1.78	below threshold	below threshold	below threshold	below threshold	below threshold	n/a
Dechow F-scoreThe probability of a material misstatement in the accounts, estimated from accruals, receivables, stock, cash sales, profitability and new financing, against the average. A score of 1 means average risk and 2 means twice the average.Predicted probability of a misstatement (model 1 of Dechow, Ge, Larson and Sloan, 2011) / 0.0037, the unconditional probability; 1 equals the base rate	n/a					n/a
Piotroski F-scoreA count of 9 yes or no tests on profitability, cash flow, debt, liquidity, new shares, margins and the use of assets. A score of 7 to 9 indicates improving strength and 0 to 3 indicates weakness.Number of 9 binary signals met on profitability, cash flow, debt, liquidity, equity issuance, margin and asset turnover (Piotroski, 2000)	n/a					n/a

Altman Z'' Score

fiscal 2025

A measure of the risk of financial distress, built from working capital, retained earnings, operating profit and equity. Above 2.60 the model counts a company as safe and below 1.10 as in distress; between the 2 is a grey zone.

Distress zone, below 1.10

Grey zone, 1.10 to 2.60

4.54Safe zone, above 2.60

The score of 4.54 is in the safe zone of the model, above 2.60. The largest part is retained earnings, at 3.25; working capital below zero lowers the score by 0.04.

Part	Value	Coefficient	Contribution
Working capital / total assetsCurrent assets less current liabilities, against total assets: the short-term funds available for operations.	−0.007	6.560	−0.043
Retained earnings / total assetsProfits kept in the business over its life, against total assets.	0.998	3.260	3.252
EBIT / total assetsOperating profit against total assets: the earning power of the assets.	0.141	6.720	0.949
Total equity / total liabilitiesBook equity against liabilities: how far the assets could fall in value before liabilities exceed them.	0.360	1.050	0.378
Score			4.537

Altman, Hartzell and Peck (1995), for non-manufacturing companies. The model omits the ratio of sales to total assets of the 1968 model and uses book equity. Working capital below zero and equity reduced by share repurchases lower the score.

Beneish M-score

fiscal 2025

A screen for earnings manipulation, built from 8 changes in the accounts, such as receivables growing faster than sales. Above minus 1.78 the model groups a company with the companies in the Beneish sample that manipulated their earnings.

−2.64Below the threshold, −1.78 and below

Above the threshold, above −1.78

The score of minus 2.64 is below the model threshold of minus 1.78.

Part	Value	Coefficient	Contribution
Intercept			−4.840
Days sales in receivables indexReceivables against sales, against a year earlier. A rise can mean sales recorded before customers pay.	0.972	0.920	0.894
Gross margin indexGross margin a year earlier against the current gross margin. Above 1, margins fell, which the model treats as a risk factor.	1.000	0.528	0.528
Asset quality indexAssets other than current assets and property, plant and equipment, as a share of total assets, against a year earlier. A rise can mean more costs recorded as assets.	0.998	0.404	0.403
Sales growth indexSales against a year earlier. The model treats fast growth as a risk factor.	1.011	0.892	0.902
Depreciation indexThe rate of depreciation a year earlier against the current rate. Above 1, depreciation slowed, which raises profit.	0.995	0.115	0.114
Selling, general and administrative expenses indexOverheads against sales, against a year earlier.	1.000	−0.172	−0.172
Total accruals to total assetsNet income less operating cash flow, against total assets: profit not backed by cash. It carries the largest coefficient in the model.	−0.031	4.679	−0.144
Leverage indexDebt against total assets, against a year earlier.	0.980	−0.327	−0.320
Score			−2.636

Beneish (1999), estimated on 74 companies identified as earnings manipulators in SEC enforcement releases and the press for 1982 to 1992, against 2,332 Compustat companies. The model classes a score above minus 1.78 with the first group. An index whose inputs are not reported counts as 1.

Dechow F-score

fiscal 2025

The probability of a material misstatement in the accounts, estimated from accruals, receivables, stock, cash sales, profitability and new financing, against the average. A score of 1 means average risk and 2 means twice the average.

A score of 0.37 means a probability of a misstatement 0.37 times the average rate in the Dechow sample: 0.14% against 0.37%.

Part	Value	Coefficient	Contribution
Intercept			−7.893
Total accruals (Richardson, Sloan, Soliman and Tuna)Total accruals: the growth of operating and financial assets net of liabilities, against average assets.	0.019	0.790	0.015
Change in receivables / average total assetsThe growth of receivables against average assets.	−0.000	2.518	−0.001
Change in inventories / average total assetsThe growth of stock against average assets.	0.000	1.191	0.000
Assets other than cash and property, plant and equipment / total assetsAssets other than cash and property, plant and equipment, as a share of total assets: assets whose value depends more on judgement.	0.126	1.979	0.249
Change in cash salesThe growth of sales collected in cash.	0.005	0.171	0.001
Change in return on assetsThe change in return on assets against a year earlier. A fall raises the score.	0.004	−0.932	−0.004
Debt or equity issued in the year, 1 or 01 when the company issued shares or debt in the year.	1.000	1.029	1.029
Predicted value			−6.603
Probability of a misstatement			0.14%

Model 1 of Dechow, Ge, Larson and Sloan (2011), estimated on misstatements named in SEC Accounting and Auditing Enforcement Releases. The score is the predicted probability of a misstatement over 0.37%, the unconditional probability in their sample, so 1.00 equals that base rate.

Piotroski F-score

fiscal 2025

A count of 9 yes or no tests on profitability, cash flow, debt, liquidity, new shares, margins and the use of assets. A score of 7 to 9 indicates improving strength and 0 to 3 indicates weakness.

9 of the 9 tests are met, in the high group of 7 to 9.

Signal	FY2025	FY2024
Return on assets above zero	Met	Met
Operating cash flow above zero	Met	Met
Return on assets higher than a year earlier	Met	Met
Operating cash flow above net income	Met	Met
Long-term debt to assets lower than a year earlier	Met	Met
Current ratio higher than a year earlier	Met	Not met
No common equity issued	Met	Met
Margin higher than a year earlier	Met	Met
Asset turnover higher than a year earlier	Met	Not met

Piotroski (2000), 9 signals on profitability, funding and operating efficiency, designed for companies with high book-to-market ratios. Piotroski grouped scores of 8 and 9 as high and 0 and 1 as low; the findings group 7 to 9 and 0 to 3.

Source Documents

Documents of this snapshot, latest first.

Document	Date	Id
Form 10-Q, period ended 30 September 2026	22 Oct 2026	10-Q:0000100885-26-000321
Form 10-Q, period ended 30 June 2026	23 Jul 2026	10-Q:0000100885-26-000250
Form 10-Q, period ended 31 March 2026	23 Apr 2026	10-Q:0000100885-26-000155
Form 10-K, period ended 31 December 2025	6 Feb 2026	10-K:0000100885-26-000037
Form 10-Q, period ended 30 September 2025	23 Oct 2025	10-Q:0000100885-25-000321
Form 10-Q, period ended 30 June 2025	24 Jul 2025	10-Q:0000100885-25-000253
Form 10-Q, period ended 31 March 2025	24 Apr 2025	10-Q:0000100885-25-000151
Form 10-K, period ended 31 December 2024	7 Feb 2025	10-K:0000100885-25-000042
Form 10-Q, period ended 30 September 2024	24 Oct 2024	10-Q:0001437749-24-032008
Form 10-Q, period ended 30 June 2024	25 Jul 2024	10-Q:0001437749-24-023463
Form 10-Q, period ended 31 March 2024	25 Apr 2024	10-Q:0001437749-24-013206
Form 10-K, period ended 31 December 2023	9 Feb 2024	10-K:0001437749-24-003599
Form 10-Q, period ended 30 September 2023	19 Oct 2023	10-Q:0001437749-23-028607
Form 10-Q, period ended 30 June 2023	26 Jul 2023	10-Q:0001437749-23-020699
Form 10-Q, period ended 31 March 2023	20 Apr 2023	10-Q:0001437749-23-010730
Form 10-K, period ended 31 December 2022	10 Feb 2023	10-K:0001437749-23-002959
Form 10-Q, period ended 30 September 2022	20 Oct 2022	10-Q:0001437749-22-024458
Form 10-Q, period ended 30 June 2022	21 Jul 2022	10-Q:0001437749-22-017515
Form 10-Q, period ended 31 March 2022	21 Apr 2022	10-Q:0001437749-22-009414
Form 10-K, period ended 31 December 2021	4 Feb 2022	10-K:0001437749-22-002494
Form 10-Q, period ended 30 September 2021	21 Oct 2021	10-Q:0000100885-21-000353
Form 10-Q, period ended 30 June 2021	22 Jul 2021	10-Q:0000100885-21-000250
Form 10-Q, period ended 31 March 2021	22 Apr 2021	10-Q:0000100885-21-000162
Form 10-K, period ended 31 December 2020	5 Feb 2021	10-K:0000100885-21-000068
Form 10-Q, period ended 30 September 2020	22 Oct 2020	10-Q:0000100885-20-000304
Form 10-Q, period ended 30 June 2020	23 Jul 2020	10-Q:0000100885-20-000221
Form 10-Q, period ended 31 March 2020	23 Apr 2020	10-Q:0000100885-20-000143

Checks

295278 of 295 checks passed, 17 warnings

Fiscal calendar70 passedFiscal years last 350 to 380 days, quarters 80 to 125 days, and each period starts on the day after the one before. Checked at error level.

Quarters and fiscal year119 passedThe 4 quarters of every item add up to its fiscal year, or a later filing restated the year. Checked at error level.

Withheld values17 values withheldA value that contradicts the definition of its item, or that documents report in contradiction, is withheld. Checked at warning level.

Income taxes paid, Q4 FY2020: withheld, reported with opposite signs

Income taxes paid, FY2020: withheld, reported with opposite signs

Income taxes paid, Q1 FY2021: withheld, reported with opposite signs

Income taxes paid, Q2 FY2021: withheld, reported with opposite signs

Income taxes paid, Q3 FY2021: withheld, reported with opposite signs

Income taxes paid, Q4 FY2021: withheld, reported with opposite signs

Filer identity1 passedThe documents are those of the company of this page. Checked at error level.

Balance sheet identity27 passedTotal assets equal total liabilities and equity at each balance sheet date. Checked at error level.

Balance sheet structure7 passedTotal assets equal liabilities, temporary equity and total equity. Checked at warning level.

Lease liabilities9 passedLease payments due, less imputed interest, equal the lease liabilities. Checked at warning level.

Debt maturities6 passedThe debt maturity schedule adds up to the long-term debt. Checked at warning level.

Quarters and 9 months21 passedThe 3 reported quarters of a fiscal year add up to the reported 9-month figure. Checked at error level.

Earnings per share6 passedNet income divided by average shares agrees with reported basic earnings per share. Checked at warning level.

Interest and debt6 passedInterest expense of a fiscal year is between 0.5% and 15% of the average total debt at its opening and closing dates, so that the debt captured carries the interest reported. Checked at warning level.

Primary statements6 passedEach key figure of the latest fiscal year is a line of the income statement, the balance sheet or the cash flow statement of the annual report. Checked at warning level.

Data Quality

How many values of this snapshot the checks prove, and how many Annalist derives, withholds and tracks as restated. Every company.

Values published	1,404
Confirmed by other figures	47.9%, 672 values
Confirmed by a second document	0.0%, 0 values
Derived from reported figures	19.7%, 277 values
Values withheld	17
Restated figures tracked	5
Changes compared on one basis	4
Company lines mapped	0 of 0 reviewed

Citation

Annalist, Union Pacific Corporation, snapshot union-pacific/FY2026Q3_32422f77 (as of FY2026 Q3); <item label>, <period>; source <document id> (<document url>)

Snapshot FY2026Q3_32422f77 · dataset SHA-256 32422f77eb7be73773bb3897c9745045181cd735024fdd8f525f8b2cd91405aa · findings rules 0.5

Data: info.json · dataset.json · validation.json · documents.json