Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Norfolk Southern Corp., profitability ratios (quarterly data)
Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Norfolk Southern Corp. gross profit margin ratio deteriorated from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022. |
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Norfolk Southern Corp. operating profit margin ratio improved from Q3 2021 to Q4 2021 but then deteriorated significantly from Q4 2021 to Q1 2022. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Norfolk Southern Corp. net profit margin ratio improved from Q3 2021 to Q4 2021 but then deteriorated significantly from Q4 2021 to Q1 2022. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Norfolk Southern Corp. ROE improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022. |
| ROA | A profitability ratio calculated as net income divided by total assets. | Norfolk Southern Corp. ROA improved from Q3 2021 to Q4 2021 but then slightly deteriorated from Q4 2021 to Q1 2022. |
Gross Profit Margin
Norfolk Southern Corp., gross profit margin calculation (quarterly data)
| Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Gross profit | 2,177) | 2,154) | 2,212) | 2,182) | 2,069) | 2,011) | 1,894) | 1,629) | 2,033) | 2,007) | 2,192) | 2,253) | 2,166) | 2,172) | 2,223) | 2,196) | 2,050) | 2,162) | 2,095) | 2,055) | 1,985) | |||||||
| Railway operating revenues | 2,915) | 2,852) | 2,852) | 2,799) | 2,639) | 2,573) | 2,506) | 2,085) | 2,625) | 2,690) | 2,841) | 2,925) | 2,840) | 2,896) | 2,947) | 2,898) | 2,717) | 2,669) | 2,670) | 2,637) | 2,575) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Gross profit margin1 | 76.41% | 77.34% | 78.01% | 77.55% | 77.56% | 77.30% | 76.35% | 76.76% | 76.57% | 76.29% | 76.36% | 75.93% | 75.62% | 75.41% | 76.85% | 77.62% | 78.20% | 78.64% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Gross Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Uber Technologies Inc. | 45.50% | 46.43% | 48.20% | 48.88% | 50.22% | 53.73% | 53.17% | 52.45% | 50.91% | 49.05% | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q1 2022 Calculation
Gross profit margin = 100
× (Gross profitQ1 2022
+ Gross profitQ4 2021
+ Gross profitQ3 2021
+ Gross profitQ2 2021)
÷ (Railway operating revenuesQ1 2022
+ Railway operating revenuesQ4 2021
+ Railway operating revenuesQ3 2021
+ Railway operating revenuesQ2 2021)
= 100 × (2,177 + 2,154 + 2,212 + 2,182)
÷ (2,915 + 2,852 + 2,852 + 2,799)
= 76.41%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Norfolk Southern Corp. gross profit margin ratio deteriorated from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022. |
Operating Profit Margin
Norfolk Southern Corp., operating profit margin calculation (quarterly data)
| Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Income from railway operations | 1,085) | 1,129) | 1,136) | 1,167) | 1,015) | 984) | 840) | 610) | 568) | 962) | 996) | 1,065) | 966) | 1,078) | 1,020) | 1,026) | 835) | 1,014) | 911) | 888) | 773) | |||||||
| Railway operating revenues | 2,915) | 2,852) | 2,852) | 2,799) | 2,639) | 2,573) | 2,506) | 2,085) | 2,625) | 2,690) | 2,841) | 2,925) | 2,840) | 2,896) | 2,947) | 2,898) | 2,717) | 2,669) | 2,670) | 2,637) | 2,575) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Operating profit margin1 | 39.56% | 39.91% | 39.60% | 38.09% | 35.18% | 30.67% | 30.08% | 30.62% | 32.41% | 35.31% | 35.69% | 35.57% | 35.32% | 34.55% | 34.68% | 34.56% | 34.12% | 33.99% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| FedEx Corp. | 6.54% | 6.98% | 5.76% | 5.27% | 4.24% | 3.49% | 4.68% | 5.43% | 6.27% | 6.41% | 6.71% | 6.88% | 7.18% | 7.44% | — | — | — | — | — | — | — | |||||||
| Uber Technologies Inc. | -13.04% | -21.97% | -28.04% | -36.73% | -47.47% | -43.66% | -41.16% | -37.93% | -61.73% | -60.76% | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Union Pacific Corp. | 42.90% | 42.83% | 41.98% | 41.35% | 39.80% | 40.11% | 40.44% | 40.25% | 40.54% | 39.40% | — | — | — | — | — | — | — | — | — | — | — | |||||||
| United Parcel Service Inc. | 13.46% | 13.17% | 11.60% | 11.27% | 10.48% | 9.08% | 9.69% | 9.75% | 9.97% | 10.52% | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q1 2022 Calculation
Operating profit margin = 100
× (Income from railway operationsQ1 2022
+ Income from railway operationsQ4 2021
+ Income from railway operationsQ3 2021
+ Income from railway operationsQ2 2021)
÷ (Railway operating revenuesQ1 2022
+ Railway operating revenuesQ4 2021
+ Railway operating revenuesQ3 2021
+ Railway operating revenuesQ2 2021)
= 100 × (1,085 + 1,129 + 1,136 + 1,167)
÷ (2,915 + 2,852 + 2,852 + 2,799)
= 39.56%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Norfolk Southern Corp. operating profit margin ratio improved from Q3 2021 to Q4 2021 but then deteriorated significantly from Q4 2021 to Q1 2022. |
Net Profit Margin
Norfolk Southern Corp., net profit margin calculation (quarterly data)
| Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net income | 703) | 760) | 753) | 819) | 673) | 671) | 569) | 392) | 381) | 666) | 657) | 722) | 677) | 702) | 702) | 710) | 552) | 3,968) | 506) | 497) | 433) | |||||||
| Railway operating revenues | 2,915) | 2,852) | 2,852) | 2,799) | 2,639) | 2,573) | 2,506) | 2,085) | 2,625) | 2,690) | 2,841) | 2,925) | 2,840) | 2,896) | 2,947) | 2,898) | 2,717) | 2,669) | 2,670) | 2,637) | 2,575) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Net profit margin1 | 26.58% | 26.97% | 26.84% | 25.98% | 23.51% | 20.56% | 20.27% | 20.47% | 21.89% | 24.10% | 23.98% | 24.15% | 24.10% | 23.27% | 52.82% | 52.36% | 51.65% | 51.22% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| FedEx Corp. | 5.88% | 6.23% | 3.85% | 3.28% | 2.50% | 1.86% | -0.50% | 0.11% | 0.65% | 0.77% | 5.25% | 7.23% | 7.16% | 6.99% | — | — | — | — | — | — | — | |||||||
| Uber Technologies Inc. | -29.52% | -2.84% | -15.87% | -7.97% | -36.50% | -60.76% | -57.26% | -53.43% | -72.96% | -60.13% | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Union Pacific Corp. | 30.06% | 29.92% | 29.19% | 28.60% | 27.02% | 27.38% | 27.40% | 27.54% | 27.85% | 27.27% | — | — | — | — | — | — | — | — | — | — | — | |||||||
| United Parcel Service Inc. | 10.90% | 13.25% | 6.83% | 6.57% | 5.78% | 1.59% | 5.71% | 5.66% | 5.73% | 5.99% | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q1 2022 Calculation
Net profit margin = 100
× (Net incomeQ1 2022
+ Net incomeQ4 2021
+ Net incomeQ3 2021
+ Net incomeQ2 2021)
÷ (Railway operating revenuesQ1 2022
+ Railway operating revenuesQ4 2021
+ Railway operating revenuesQ3 2021
+ Railway operating revenuesQ2 2021)
= 100 × (703 + 760 + 753 + 819)
÷ (2,915 + 2,852 + 2,852 + 2,799)
= 26.58%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Norfolk Southern Corp. net profit margin ratio improved from Q3 2021 to Q4 2021 but then deteriorated significantly from Q4 2021 to Q1 2022. |
Return on Equity (ROE)
Norfolk Southern Corp., ROE calculation (quarterly data)
| Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net income | 703) | 760) | 753) | 819) | 673) | 671) | 569) | 392) | 381) | 666) | 657) | 722) | 677) | 702) | 702) | 710) | 552) | 3,968) | 506) | 497) | 433) | |||||||
| Stockholders’ equity | 13,461) | 13,641) | 13,887) | 14,317) | 14,643) | 14,791) | 14,941) | 14,861) | 14,884) | 15,184) | 15,238) | 15,311) | 15,331) | 15,362) | 15,480) | 16,559) | 16,418) | 16,359) | 12,727) | 12,662) | 12,527) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| ROE1 | 22.55% | 22.03% | 21.00% | 19.08% | 15.74% | 13.61% | 13.44% | 14.10% | 16.30% | 17.93% | 18.10% | 18.31% | 18.20% | 17.35% | 38.32% | 34.64% | 33.64% | 33.03% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| ROE, Competitors2 | ||||||||||||||||||||||||||||
| FedEx Corp. | 20.96% | 21.64% | 13.78% | 11.65% | 9.18% | 7.03% | -1.85% | 0.40% | 2.48% | 3.04% | 18.28% | 25.76% | 25.09% | 23.55% | — | — | — | — | — | — | — | |||||||
| Uber Technologies Inc. | -70.86% | -3.43% | -16.91% | -7.20% | -28.97% | -55.18% | -77.12% | -72.97% | -91.96% | -59.94% | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Union Pacific Corp. | 57.26% | 46.06% | 44.49% | 41.12% | 32.09% | 31.54% | 31.23% | 33.82% | 37.53% | 32.65% | — | — | — | — | — | — | — | — | — | — | — | |||||||
| United Parcel Service Inc. | 69.80% | 90.44% | 53.57% | 56.25% | 72.34% | 204.41% | 81.97% | 100.32% | 130.16% | 135.90% | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q1 2022 Calculation
ROE = 100
× (Net incomeQ1 2022
+ Net incomeQ4 2021
+ Net incomeQ3 2021
+ Net incomeQ2 2021)
÷ Stockholders’ equity
= 100 × (703 + 760 + 753 + 819)
÷ 13,461 = 22.55%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Norfolk Southern Corp. ROE improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022. |
Return on Assets (ROA)
Norfolk Southern Corp., ROA calculation (quarterly data)
| Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net income | 703) | 760) | 753) | 819) | 673) | 671) | 569) | 392) | 381) | 666) | 657) | 722) | 677) | 702) | 702) | 710) | 552) | 3,968) | 506) | 497) | 433) | |||||||
| Total assets | 39,361) | 38,493) | 38,604) | 38,754) | 37,937) | 37,962) | 38,179) | 37,962) | 37,438) | 37,923) | 37,500) | 37,172) | 37,062) | 36,239) | 36,322) | 35,788) | 36,162) | 35,711) | 35,153) | 34,922) | 35,145) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| ROA1 | 7.71% | 7.81% | 7.55% | 7.05% | 6.08% | 5.30% | 5.26% | 5.52% | 6.48% | 7.18% | 7.35% | 7.54% | 7.53% | 7.36% | 16.33% | 16.03% | 15.27% | 15.13% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| ROA, Competitors2 | ||||||||||||||||||||||||||||
| FedEx Corp. | 6.21% | 6.32% | 3.66% | 3.02% | 2.30% | 1.75% | -0.50% | 0.11% | 0.66% | 0.99% | 6.68% | 9.33% | 9.27% | 8.74% | — | — | — | — | — | — | — | |||||||
| Uber Technologies Inc. | -19.26% | -1.28% | -6.39% | -2.82% | -11.37% | -20.35% | -23.87% | -24.68% | -34.66% | -26.78% | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Union Pacific Corp. | 10.64% | 10.27% | 9.93% | 9.48% | 8.44% | 8.57% | 8.43% | 8.75% | 9.65% | 9.60% | — | — | — | — | — | — | — | — | — | — | — | |||||||
| United Parcel Service Inc. | 15.35% | 18.57% | 9.81% | 9.37% | 8.17% | 2.15% | 7.35% | 7.05% | 7.05% | 7.67% | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q1 2022 Calculation
ROA = 100
× (Net incomeQ1 2022
+ Net incomeQ4 2021
+ Net incomeQ3 2021
+ Net incomeQ2 2021)
÷ Total assets
= 100 × (703 + 760 + 753 + 819)
÷ 39,361 = 7.71%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROA | A profitability ratio calculated as net income divided by total assets. | Norfolk Southern Corp. ROA improved from Q3 2021 to Q4 2021 but then slightly deteriorated from Q4 2021 to Q1 2022. |