Stock Analysis on Net
Stock Analysis on Net

Norfolk Southern Corp. (NYSE:NSC)

$22.49

This company has been moved to the archive! The financial data has not been updated since April 27, 2022.

Return on Assets (ROA)
since 2005

Microsoft Excel

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Calculation

Norfolk Southern Corp., ROA, long-term trends, calculation

Microsoft Excel
ROA = 100 × Net income1 ÷ Total assets1
Dec 31, 2021 = 100 × ÷
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Dec 31, 2017 = 100 × ÷
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Dec 31, 2006 = 100 × ÷
Dec 31, 2005 = 100 × ÷

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions

The analysis of the financial data over the period from 2005 to 2021 reveals several notable trends in net income, total assets, and return on assets (ROA).

Net Income
Net income displays considerable variability over the years. It initially rose steadily from 1,281 million US dollars in 2005 to a peak of 1,916 million in 2011. Following this, the net income fluctuated, with a significant surge to 5,404 million in 2017, which stands out as an outlier relative to the surrounding years. Subsequent years show a decline but remain substantially higher than the pre-2017 levels, with values stabilizing around the 2,000 to 3,000 million range.
Total Assets
Total assets exhibited a gradual but consistent growth trend throughout the entire period. Starting from 25,861 million US dollars in 2005, the total assets increased steadily each year, reaching 38,493 million by 2021. This demonstrates ongoing asset accumulation and possibly investment or acquisition activities expanding the asset base.
Return on Assets (ROA)
The return on assets shows considerable fluctuation across the years, reflective of changes in profitability relative to asset size. ROA initially rose from 4.95% in 2005 to a peak of 6.71% in 2011, correlating with the increase in net income during that period. A sharp increase to 15.13% is observed in 2017, coinciding with the peak in net income for the same year. Following 2017, ROA declines but remains higher than early years, indicating improved asset profitability compared to the mid-2000s.

Overall, the data indicate a company with a steady growth in asset base, experiencing fluctuations in profitability with peak performance around 2017. Despite the volatility in net income and ROA, the recent years suggest a relatively stabilized profitability with enhanced efficiency in asset utilization compared to the beginning of the period analyzed.

Comparison to Competitors

Norfolk Southern Corp., ROA, long-term trends, comparison to competitors

Microsoft Excel
Norfolk Southern Corp. FedEx Corp. Uber Technologies Inc. Union Pacific Corp. United Airlines Holdings Inc. United Parcel Service Inc.
Dec 31, 2021
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Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Transportation)

Norfolk Southern Corp., ROA, long-term trends, comparison to sector (transportation)

Microsoft Excel
Norfolk Southern Corp. Transportation
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Dec 31, 2020
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Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Industrials)

Norfolk Southern Corp., ROA, long-term trends, comparison to industry (industrials)

Microsoft Excel
Norfolk Southern Corp. Industrials
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Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).