Norfolk 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

321.75 6.15 −1.88%
Market cap
$74.0B
P/E
27.5×
Fwd P/E
27.8×
Dividend yield
2.05%
F-score
6/9
Altman Z
2.29
Beneish M
−2.62
Dividend safety
68/100

Norfolk Southern Corporation (NSC) Return on equity

Alert me on Return on equity

Norfolk Southern Corporation's return on equity over the twelve months to 30 September 2026 was 16.8%, down 2.4 percentage points from fiscal 2025 (19.2%). Over the past ten years it has ranged from 12.6% (fiscal 2015) to 37.5% (fiscal 2017); the current reading is higher than 64% of that period. That is above the Railroads industry median of 12.2% and above the Industrials sector median of 3.71%.

Return on equity, annual

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Annual newest first

Period Return on equity Change (points)
FY2025 19.2% (0.11)
FY2024 19.3% 5.04
FY2023 14.3% (10.48)
FY2022 24.8% 3.66
FY2021 21.1% 7.71
FY2020 13.4% (4.38)
FY2019 17.8% 1.02
FY2018 16.8% (20.77)
FY2017 37.5% 24.02
FY2016 13.5% 0.92

Against its own ten years

Low 12.6% High 37.5%
Ten-year median 17.8%
Current reading's percentile 64

Return on equity against peers

Company Return on equity
RAIL Freightcar America, Inc. compare 52.8%
UNP Union Pacific Corporation compare 38.8%
TRN Trinity Industries, Inc. compare 27.4%
CSX CSX Corporation compare 26.4%
NSC Norfolk Southern Corporation 16.8%
WAB Wabtec compare 12.2%
CP Canadian Pacific Kansas City Limited compare 8.27%
FSTR L.B. Foster Company compare 7.61%
GBX Greenbrier Companies, Inc. (The) compare 4.66%
Railroads industry median 12.2%
Industrials sector median 3.71%
Market median 0.51%

What Return on equity is

ROE shows how much profit a company earns for its shareholders on the equity they have in the business.

Annual: Net Income Allotted to Shareholders ÷ Average Common Equity; TTM: Net Income Allotted to Shareholders ÷ Average Common Equity (latest quarter)

The full definition of Return on equity →

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