NORFOLK SOUTHERN CORP

NSC

Quality scores

Data as of Sep 5, 2026

5 / 9

Neutral

5/9 — middling fundamentals (neutral zone).

PassROA > 0 — ROA last year = 6.35 %
PassFCF > 0 — FCF last year = 2,157.00 mill.
FailFCF > net income (accrual quality) — FCF 2,157.00 vs. net income 2,873.00 (mill.)
PassRising ROA — ROA 6.35 % vs. prior year 6.00 %

PassLower long-term leverage — long-term debt/assets 0.36 vs. prior 0.38
FailRising current ratio (more liquidity) — Current ratio 0.85 vs. prior 0.90
PassNo dilution (shares do not grow) — Shares 224.42 mill. vs. prior 226.32 mill.

Z-Score (original)

2.49

Grey zone

Z''-Score (non-manufacturing)

5.32

Safe zone

Ratio	Value
X1 — Working capital / Total assets	-0.01
X2 — Retained earnings / Total assets	0.29
X3 — EBIT / Total assets	0.10
X4 — Market cap / Total liabilities	2.52
X4 — Book equity / Total liabilities	0.52
X5 — Sales / Total assets	0.27