Norfolk Southern Financial Ratios
NYSE: NSCIndustrialsRailroadsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Norfolk Southern ratio analysis
Norfolk Southern earned a net margin of 23.6% in FY 2025, up from 21.6% a year earlier. Return on equity reached 18.5%, meaning Norfolk Southern generated 0.18 dollars of profit for every dollar of shareholders' equity. Debt-to-equity stood at 1.10 versus 1.20 the year before, and the current ratio was 0.85.
At the end of FY 2025, NSC traded at 22.6 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 7.8 to 30.3, with a median of 19.8. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Norfolk Southern financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 22.57 | 20.39 | 29.47 | 17.75 | 24.58 | 30.31 | 19.16 | 15.83 | 7.79 | 19.23 |
| Price / sales | 5.32 | 4.40 | 4.41 | 4.54 | 6.60 | 6.19 | 4.58 | 3.65 | 3.95 | 3.21 |
| Price / book | 4.17 | 3.73 | 4.20 | 4.54 | 5.39 | 4.10 | 3.41 | 2.72 | 2.55 | 2.56 |
| Operating margin | 35.8% | 33.6% | 23.5% | 37.7% | 39.9% | 30.7% | 35.3% | 34.6% | 33.4% | 30.4% |
| Net margin | 23.6% | 21.6% | 15.0% | 25.7% | 27.0% | 20.6% | 24.1% | 23.3% | 51.2% | 16.9% |
| Free cash flow margin | 17.7% | 13.8% | 7.0% | 17.8% | 25.0% | 21.9% | 16.6% | 15.5% | 14.5% | 11.6% |
| Return on equity (ROE) | 18.5% | 18.3% | 14.3% | 25.7% | 22.0% | 13.6% | 17.9% | 17.4% | 33.0% | 13.4% |
| Return on assets (ROA) | 6.4% | 6.0% | 4.4% | 8.4% | 7.8% | 5.3% | 7.2% | 7.4% | 15.1% | 4.8% |
| Debt / equity | 1.10 | 1.20 | 1.34 | 1.19 | 1.01 | 0.86 | 0.80 | 0.73 | 0.60 | 0.82 |
| Current ratio | 0.85 | 0.90 | 1.24 | 0.76 | 0.86 | 1.07 | 0.90 | 0.72 | 0.84 | 0.98 |
| Revenue growth | 0.5% | -0.3% | -4.6% | 14.4% | 13.8% | -13.3% | -1.4% | 8.6% | 6.7% | -5.9% |
| EPS growth | 10.2% | 44.3% | -42.2% | 14.6% | 54.5% | -23.5% | 7.8% | -48.9% | 231.1% | 10.2% |