Norfolk Southern Corporation (NSC)
Return on total capital
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 4,457,000 | 4,136,000 | 2,851,000 | 4,822,000 | 4,524,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 15,547,000 | 14,306,000 | 12,781,000 | 12,733,000 | 13,641,000 |
| Return on total capital | 28.67% | 28.91% | 22.31% | 37.87% | 33.16% |
December 31, 2025 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $4,457,000K ÷ ($—K + $15,547,000K)
= 28.67%
Peer comparison
Dec 31, 2025
Company name
Symbol
Return on total capital
Norfolk Southern Corporation
NSC
28.67%
CSX Corporation
CSX
34.88%
Greenbrier Companies Inc
GBX
24.55%
Union Pacific Corporation
UNP
56.72%