stockrowNorfolk Southern Corporation
NSC Industrials Railroads
Norfolk Southern Corporation’s revenue for fiscal 2025 (year ended December 2025) was $12.2 billion, roughly unchanged from fiscal 2024.
- Revenue
- +13.6%
- EPS
- +6.65%
- Free cash flow
- +7.49%
- Total debt
- −2.75%
Quarter to September 2026, against a year earlier
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Norfolk Southern Corporation (NSC) Debt to equity
Norfolk Southern Corporation's debt to equity at the end of the quarter to 30 September 2026 was 1.0×, down 0.1× from fiscal 2025 (1.1×). Over the past ten years it has ranged from 0.6× (fiscal 2017) to 1.3× (fiscal 2023); the current reading is higher than 73% of that period. That is in line with the Railroads industry median of 1.0× and above the Industrials sector median of 0.3×.
Debt to equity, annual
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Annual newest first
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | 1.1× | (8.61%) |
| FY2024 | 1.2× | (10.52%) |
| FY2023 | 1.3× | 12.73% |
| FY2022 | 1.2× | 17.51% |
| FY2021 | 1.0× | 18.35% |
| FY2020 | 0.9× | 6.74% |
| FY2019 | 0.8× | 10.71% |
| FY2018 | 0.7× | 20.66% |
| FY2017 | 0.6× | (26.94%) |
| FY2016 | 0.8× | (0.62%) |
Quarterly newest first
| Period | Debt to equity | Change |
|---|---|---|
| Sep 2026 | 1.0× | (2.87%) |
| Jun 2026 | 1.0× | (5.53%) |
| Mar 2026 | 1.1× | (1.55%) |
| Dec 2025 | 1.1× | (2.59%) |
| 43 more quarters | Free account |
Against its own ten years
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| FSTR L.B. Foster Company compare | 0.2× |
| CP Canadian Pacific Kansas City Limited compare | 0.6× |
| WAB Wabtec compare | 0.6× |
| NSC Norfolk Southern Corporation | 1.0× |
| GBX Greenbrier Companies, Inc. (The) compare | 1.1× |
| CSX CSX Corporation compare | 1.3× |
| UNP Union Pacific Corporation compare | 1.4× |
| RAIL Freightcar America, Inc. compare | 2.8× |
| TRN Trinity Industries, Inc. compare | 4.7× |
| Railroads industry median | 1.0× |
| Industrials sector median | 0.3× |
| Market median | 0.1× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
More on NSC
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
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- The full statement