Norfolk Southern NSC Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Operating margin | 33.5%-7.8pp | 35.8%+2.2pp | 37.2%+6.4pp | 41.5%+17.4pp | 41.3%+21.8pp | |
| Net margin | 21.9%-5.5pp | 23.6%+2.0pp | 24.2%+4.4pp | 27.5%+12.7pp | 27.4%+15.6pp | |
| EBITDA margin | 45%-7.5pp | 47.2%+2.5pp | 48.5%+6.7pp | 52.7%+17.7pp | 52.6%+22.1pp | |
| Free cash flow margin | 13.3%-2.3pp | 17.7%+3.9pp | 17.2%— | 16.6%— | 15.6%— | |
| Returns | ||||||
| Return on equity | 17.6%-6.9pp | 19.2%-0.1pp | 20.5%+2.2pp | 24.1%+10.1pp | 24.5%+13.3pp | |
| Return on assets | 6%-1.7pp | 6.5%+0.3pp | 6.7%+1.0pp | 7.7%+3.3pp | 7.7%+4.2pp | |
| Efficiency | ||||||
| Asset turnover | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | |
| Liquidity | ||||||
| Current ratio | 0.9×+0.1× | 0.8×-0.1× | 0.9×+0.1× | 0.8×+0.2× | 0.8×+0.1× | |
| Quick ratio | 0.9×+0.1× | 0.8×-0.1× | 0.9×+0.1× | 0.8×+0.2× | 0.8×+0.1× | |
| Cash ratio | 0.4×+0.1× | 0.4×-0.1× | 0.4×+0.1× | 0.4×+0.2× | 0.3×+0.1× | |
| Leverage | ||||||
| Interest coverage | 5.2×-1.0× | 5.5×+0.5× | 5.7×+1.0× | 6.3×+2.6× | 6.2×+3.1× | |
| Per Share | ||||||
| Book value per share | $70.24+9.6% | —— | $67.38+10.7% | $65.66+14.5% | $64.07+15.6% | |
| Valuation | ||||||
| Market capitalization | $64.43B+20.2% | $64.78B+22.0% | $67.4B+20.0% | $58.04B+19.8% | $53.58B-7.3% | |
| Price / earnings | 24.1×+8.0× | 22.5×+2.3× | 22.8×-0.5× | 17.3×-9.7× | 16.1×-24.8× | |
| Price / sales | 5.3×+0.9× | 5.3×+0.9× | 5.5×+0.9× | 4.8×+0.8× | 4.4×-0.4× | |
| Price / book | 4.1×+0.4× | 4.2×+0.5× | 4.5×+0.4× | 3.9×+0.2× | 3.7×-0.9× | |
| Free cash flow yield | 2.5%-1.0pp | 3.3%+0.2pp | 3.1%— | 3.5%— | 3.5%— | |
| Earnings yield | 4.1%-2.1pp | 4.4%-0.5pp | 4.4%+0.1pp | 5.8%+2.1pp | 6.2%+3.7pp | |
| Dividend yield | 1.9%-0.4pp | 1.9%-0.4pp | 1.8%-0.4pp | 2.1%-0.4pp | 2.3%+0.2pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.
