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Norfolk Southern NSC Debt-to-assets

Debt-to-assets at other companies

Canadian Pacific Kansas City logo
Canadian Pacific Kansas CityCP
0.3×
Union Pacific logo
Union PacificUNP
-0.5×
CSX logo
CSXCSX
-0.4×
Wabtec logo
WabtecWAB
0.3×+0.1×
Old Dominion Freight Line logo
Old Dominion Freight LineODFL
0.0×
JB Hunt Transport Services logo
JB Hunt Transport ServicesJBHT
0.2×0.0×

Other financials

Income statement

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Revenue$3.0B+0.2%
Operating income$877.0M-23.5%
Net income$547.0M-27.1%
EPS (diluted)$2.43-26.6%

Balance sheet

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Cash & equivalents$1.3B+33.3%
Total equity$15.8B+8.9%
Total assets$45.1B+3.0%

Cash flow

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Operating cash flow$344.0M-63.8%
CapEx$382.0M-14.9%
Free cash flow-$38.0M-108%

Valuation

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Market cap$67.5B+20.2%
P/E25.3×+8.4×
P/S5.5×+0.9×

Profitability

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Operating margin33.5%-7.8pp
Net margin21.9%-5.5pp

Returns & leverage

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Return on equity17.6%-6.9pp
Debt / equity0.0×
Current ratio0.9×+0.1×

Where this comes from

Calculated from Norfolk Southern’s reported figures.

Based on the most recent quarter.

The official record: Norfolk Southern’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Norfolk Southern's debt-to-assets?
Norfolk Southern (NSC) reported debt-to-assets of 0× in Q4 2025.
How has Norfolk Southern's debt-to-assets changed year-over-year?
Norfolk Southern's debt-to-assets decreased by 20.0% year-over-year, from 0× to 0×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.