Norfolk Southern (NSC) Return on Capital Employed (2009 - 2026)

Norfolk Southern (NSC) reported Return on Capital Employed of 9.77% for Q1 2026, down 265.0% year-over-year from 5.92% in Q1 2025, and down 7.76% quarter-over-quarter from 10.59% in Q4 2025.

Norfolk Southern (NSC) Return on Capital Employed (2009 - 2026) Analysis & Trends

Norfolk Southern (NSC) has 18 years of Return on Capital Employed data on file, last reported at 9.77% in Q1 2026.

  • Return on Capital Employed for Q1 2026 came in at 9.77%, down 265.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 9.77% (down 265.0% YoY), and the FY2025 annual result was 10.71%, up 30.0% from the prior year.
  • Return on Capital Employed slipped to 9.77% in Q1 2026 per NSC's latest filing, from 10.59% in the prior quarter.
  • Over five years, Return on Capital Employed peaked at 13.19% in Q4 2022 and troughed at 6.12% in Q1 2024.
  • A 5-year average of 10.58% and a median of 10.59% in 2025 frame the typical range for Return on Capital Employed.
  • The sharpest annual moves came in 2024 and 2025: Return on Capital Employed plunged 613 bps in 2024, then surged 630 bps in 2025.
  • A 5-year view of Return on Capital Employed shows it stood at 13.19% in 2022, then tumbled by 44 bps to 7.39% in 2023, then surged by 38 bps to 10.2% in 2024, then grew by 4 bps to 10.59% in 2025, then declined by 8 bps to 9.77% in 2026.
  • Business Quant data shows NSC's Return on Capital Employed at 9.77% in Q1 2026, 10.59% in Q4 2025, and 11.14% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Union Pacific 152.26 Bn 151.22 Bn 5.85 Bn 15.27%
2 Csx 84.99 Bn 83.89 Bn 3.18 Bn 11.62%
3 Norfolk Southern 67.33 Bn 65.99 Bn 2.74 Bn 9.77%
4 Canadian Pacific Kansas City 56.27 Bn 56.68 Bn 2.36 Bn 6.79%
5 Westinghouse Air Brake Technologies 46.65 Bn 46.16 Bn 1.06 Bn 10.93%
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 9.98%
9 Rail Vision 179.83 Mn 159.33 Mn 504,000.00 -74.80%
10 FreightCar America 178.32 Mn 114.02 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 9.77%
Dec 31, 2025 10.59%
Sep 30, 2025 11.14%
Jun 30, 2025 12.52%
Mar 31, 2025 12.42%
Dec 31, 2024 10.20%
Sep 30, 2024 9.55%
Jun 30, 2024 7.52%
Mar 31, 2024 6.12%
Dec 31, 2023 7.39%
Sep 30, 2023 8.69%
Jun 30, 2023 10.32%
Mar 31, 2023 12.25%
Dec 31, 2022 13.19%
Sep 30, 2022 13.02%
Jun 30, 2022 12.58%
Mar 31, 2022 12.62%
Dec 31, 2021 12.34%
Sep 30, 2021 11.86%
Jun 30, 2021 11.27%