Norfolk Southern (NSC) Debt to Equity (2009 - 2026)
Norfolk Southern (NSC) reported Debt to Equity of $1.08 for Q1 2026, down 8.79% year-over-year from $1.19 in Q1 2025, and down 1.55% quarter-over-quarter from $1.1 in Q4 2025.
Norfolk Southern (NSC) Debt to Equity (2009 - 2026) Analysis & Trends
Norfolk Southern (NSC) has 18 years of Debt to Equity data on file, last reported at $1.08 in Q1 2026.
- Debt to Equity for Q1 2026 came in at $1.08, down 8.79% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.08 (down 8.79% YoY), and the FY2025 annual result was $1.1, down 8.62% from the prior year.
- Debt to Equity retreated to $1.08 in Q1 2026 per NSC's latest filing, from $1.1 in the prior quarter.
- Over five years, Debt to Equity peaked at $1.37 in Q1 2024 and troughed at $1.08 in Q1 2026.
- A 5-year average of $1.2 and a median of $1.16 in 2023 frame the typical range for Debt to Equity.
- The sharpest annual moves came in 2022 and 2025: Debt to Equity grew 27.98% in 2022, then slipped 13.45% in 2025.
- A 5-year view of Debt to Equity shows it stood at $1.14 in 2022, then grew by 17.39% to $1.34 in 2023, then retreated by 10.52% to $1.2 in 2024, then fell by 8.62% to $1.1 in 2025, then declined by 1.55% to $1.08 in 2026.
- Business Quant data shows NSC's Debt to Equity at $1.08 in Q1 2026, $1.1 in Q4 2025, and $1.13 in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 152.26 Bn | 151.22 Bn | 5.85 Bn | 1.58 |
| 2 | Csx | 84.99 Bn | 83.89 Bn | 3.18 Bn | 1.39 |
| 3 | Norfolk Southern | 67.33 Bn | 65.99 Bn | 2.74 Bn | 1.08 |
| 4 | Canadian Pacific Kansas City | 56.27 Bn | 56.68 Bn | 2.36 Bn | 0.52 |
| 5 | Westinghouse Air Brake Technologies | 46.65 Bn | 46.16 Bn | 1.06 Bn | 0.59 |
| 6 | Trinity Industries | 2.76 Bn | 2.82 Bn | 128.90 Mn | - |
| 7 | Greenbrier Companies | 1.54 Bn | 1.05 Bn | 69.50 Mn | - |
| 8 | Foster L B | 438.47 Mn | 435.35 Mn | 25.70 Mn | 0.34 |
| 9 | Rail Vision | 179.83 Mn | 159.33 Mn | 504,000.00 | - |
| 10 | FreightCar America | 178.32 Mn | 114.02 Mn | - | -1.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.08 |
| Dec 31, 2025 | 1.10 |
| Sep 30, 2025 | 1.13 |
| Jun 30, 2025 | 1.17 |
| Mar 31, 2025 | 1.19 |
| Dec 31, 2024 | 1.20 |
| Sep 30, 2024 | 1.25 |
| Jun 30, 2024 | 1.32 |
| Mar 31, 2024 | 1.37 |
| Dec 31, 2023 | 1.34 |
| Sep 30, 2023 | 1.31 |
| Jun 30, 2023 | 1.16 |
| Mar 31, 2023 | 1.15 |
| Dec 31, 2022 | 1.14 |
| Sep 30, 2022 | 1.16 |
| Jun 30, 2022 | 1.14 |
| Mar 31, 2022 | 1.10 |
| Dec 31, 2021 | 0.97 |
| Sep 30, 2021 | 1.00 |
| Jun 30, 2021 | 0.96 |