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Norfolk Southern NSC Ratios & Valuation

Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Operating margin33.5%-2.2pp35.8%-1.4pp37.2%-4.2pp41.5%+0.1pp41.3%+7.7pp
Net margin21.9%-1.7pp23.6%-0.6pp24.2%-3.3pp27.5%+0.1pp27.4%+5.8pp
EBITDA margin45%-2.2pp47.2%-1.3pp48.5%-4.2pp52.7%+0.2pp52.6%+7.8pp
Free cash flow margin13.3%-4.4pp17.7%+0.5pp17.2%+0.5pp16.6%+1.0pp15.6%+1.8pp
Returns
Return on equity17.6%-1.6pp19.2%-1.2pp20.5%-3.7pp24.1%-0.4pp24.5%+5.2pp
Return on assets6%-0.5pp6.5%-0.3pp6.7%-1.0pp7.7%0.0pp7.7%+1.6pp
Efficiency
Asset turnover0.3×0.0×0.3×0.0×0.3×0.0×0.3×0.0×0.3×0.0×
Liquidity
Current ratio0.9×+0.1×0.8×0.0×0.9×+0.1×0.8×0.0×0.8×-0.1×
Quick ratio0.9×+0.1×0.8×0.0×0.9×+0.1×0.8×0.0×0.8×-0.1×
Cash ratio0.4×0.0×0.4×0.0×0.4×0.0×0.4×+0.1×0.3×-0.2×
Leverage
Interest coverage5.2×-0.3×5.5×-0.2×5.7×-0.6×6.3×+0.1×6.2×+1.2×
Per Share
Book value per share$70.24$67.38+2.6%$65.66+2.5%$64.07
Valuation
Market capitalization$64.43B-0.5%$64.78B-3.9%$67.4B+16.1%$58.04B+8.3%$53.58B+0.9%
Price / earnings24.1×+1.6×22.5×-0.2×22.8×+5.4×17.3×+1.2×16.1×-4.1×
Price / sales5.3×0.0×5.3×-0.2×5.5×+0.7×4.8×+0.3×4.4×0.0×
Price / book4.1×-0.1×4.2×-0.3×4.5×+0.5×3.9×+0.2×3.7×0.0×
Free cash flow yield2.5%-0.8pp3.3%+0.2pp3.1%-0.4pp3.5%0.0pp3.5%+0.4pp
Earnings yield4.1%-0.3pp4.4%0.0pp4.4%-1.4pp5.8%-0.4pp6.2%+1.3pp
Dividend yield1.9%0.0pp1.9%+0.1pp1.8%-0.3pp2.1%-0.2pp2.3%0.0pp

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Questions, answered.

Where do Norfolk Southern's ratios come from?
Every ratio is computed from Norfolk Southern's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.