Norfolk Southern (NSC) Debt Ratio (2009 - 2026)
Norfolk Southern (NSC) posted quarterly Debt Ratio of 0.37 for Q2 2026, down 6.37% year-over-year from 0.39 in Q2 2025, and down 2.86% quarter-over-quarter from 0.38 in Q1 2026.
Norfolk Southern (NSC) Debt Ratio (2009 - 2026) Analysis & Trends
Norfolk Southern (NSC) has reported Debt Ratio for 18 consecutive years, with 0.37 the latest figure, recorded in Q2 2026.
- In Q2 2026, Debt Ratio fell 6.37% year-over-year to 0.37; the TTM figure through Jun 2026 stood at 0.37 (down 6.37% YoY), while the FY2025 annual figure was 0.38, down 4.1% from the prior year.
- Debt Ratio fell to 0.37 in Q2 2026 per NSC's latest filing, from 0.38 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.42 in Q1 2024 and bottomed at 0.37 in Q2 2026.
- Historically, Debt Ratio has averaged 0.39 across 5 years, with a median of 0.39 in 2022.
- Annual changes were most pronounced in 2022 — Debt Ratio advanced 13.39% — and 2026, when it dropped 6.37%.
- Norfolk Southern's Debt Ratio stood at 0.39 in 2022, then grew by 6.34% to 0.41 in 2023, then declined by 4.5% to 0.39 in 2024, then decreased by 4.1% to 0.38 in 2025, then declined by 2.51% to 0.37 in 2026.
- Business Quant data shows NSC's Debt Ratio at 0.37 in Q2 2026, 0.38 in Q1 2026, and 0.38 in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 180.52 Bn | 178.40 Bn | 6.50 Bn | 0.43 |
| 2 | Csx | 94.59 Bn | 93.20 Bn | 3.29 Bn | 0.42 |
| 3 | Canadian Pacific Kansas City | 84.21 Bn | 83.94 Bn | 2.92 Bn | 0.28 |
| 4 | Canadian National Railway | 78.52 Bn | 78.52 Bn | - | - |
| 5 | Norfolk Southern | 77.93 Bn | 76.86 Bn | - | 0.37 |
| 6 | Westinghouse Air Brake Technologies | 49.47 Bn | 48.80 Bn | 1.16 Bn | 0.36 |
| 7 | Trinity Industries | 2.37 Bn | 2.21 Bn | 109.90 Mn | - |
| 8 | Greenbrier Companies | 1.42 Bn | 1.15 Bn | 81.10 Mn | 0.42 |
| 9 | Foster L B | 390.24 Mn | 384.46 Mn | 30.87 Mn | 0.14 |
| 10 | FreightCar America | 228.00 Mn | 163.70 Mn | - | 0.37 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.37 |
| Mar 31, 2026 | 0.38 |
| Dec 31, 2025 | 0.38 |
| Sep 30, 2025 | 0.38 |
| Jun 30, 2025 | 0.39 |
| Mar 31, 2025 | 0.39 |
| Dec 31, 2024 | 0.39 |
| Sep 30, 2024 | 0.40 |
| Jun 30, 2024 | 0.41 |
| Mar 31, 2024 | 0.42 |
| Dec 31, 2023 | 0.41 |
| Sep 30, 2023 | 0.41 |
| Jun 30, 2023 | 0.38 |
| Mar 31, 2023 | 0.38 |
| Dec 31, 2022 | 0.39 |
| Sep 30, 2022 | 0.38 |
| Jun 30, 2022 | 0.38 |
| Mar 31, 2022 | 0.38 |
| Dec 31, 2021 | 0.36 |
| Sep 30, 2021 | 0.36 |