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Norfolk Southern NSC Net debt / EBITDA

Net debt / EBITDA at other companies

Canadian Pacific Kansas City logo
Canadian Pacific Kansas CityCP
3.2×
Chesapeake Utilities Corporation logo
Chesapeake Utilities CorporationCPK
4.3×-0.6×
Union Pacific logo
Union PacificUNP
2.3×-0.4×
CSX logo
CSXCSX
2.8×+2.8×
Wabtec logo
WabtecWAB
2.5×+0.9×
Wabash National logo
Wabash NationalWNC
0.9×

Other financials

Income statement

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Revenue$3.5B+11.4%
Operating income$1.1B-4.3%
Net income$734.0M-4.4%
EPS (diluted)$3.26-4.4%

Balance sheet

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Cash & equivalents$1.1B-18.0%
Total debt$16.6B
Total equity$16.3B+9.9%
Total assets$45.1B+2.2%

Cash flow

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Operating cash flow$1.1B-2.1%
CapEx$439.0M-7.6%
Free cash flow$615.0M+2.2%

Valuation

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Market cap$75.35B+20.8%
Enterprise value$90.9B
P/E28.6×+10.0×
P/S+0.9×

Profitability

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Operating margin32.2%-9.3pp
Net margin21%-6.5pp
FCF margin13%-3.6pp

Returns & leverage

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Return on equity17%-7.1pp
Debt / equity
Current ratio0.8×0.0×

Where this comes from

Calculated from Norfolk Southern’s reported figures.

Based on the most recent quarter.

The source filing: Norfolk Southern’s 10-Q, filed July 23, 2026. Open the filing →

Filed
Jul 23, 2026, 11:34 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-049326

FAQ

What is Norfolk Southern's net debt / EBITDA?
Norfolk Southern (NSC) reported net debt / EBITDA of 2.9× in Q2 2026.
What is the long-term trend for Norfolk Southern's net debt / EBITDA?
Over 5 years (2020 to 2025), Norfolk Southern's net debt / EBITDA has grown at a 77.0% compound annual growth rate (CAGR), from -0.2× to 2.7×.
What does net debt / EBITDA mean?
Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

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