Return on tangible equity is the profit a company earns on the physical and financial capital its shareholders own, leaving out goodwill and other intangible assets, shown as a percentage. It is net income divided by tangible equity, which is shareholder equity minus goodwill and intangibles; the table shows both amounts. Because acquired goodwill is removed, it runs higher than ROE for companies that grew by acquisition, and it has no meaning when goodwill exceeds equity. Goodwill and intangibles are taken at the latest reported date on or before each equity date. Quarterly points divide the trailing four quarters of net income by the balance at that quarter end; annual points divide the filed fiscal-year net income by the fiscal-year-end balance.
NORFOLK SOUTHERN CORP return tang equity for the quarter ending 2026-06-30 was 16.22%, a 28.41% decline year-over-year.
NORFOLK SOUTHERN CORP return tang equity for the quarter ending 2026-03-31 was 16.89%, a 26.14% decline year-over-year.
NORFOLK SOUTHERN CORP return tang equity for the quarter ending 2025-12-31 was 18.48%, a 0.83% increase year-over-year.
NORFOLK SOUTHERN CORP return tang equity for the quarter ending 2025-09-30 was 19.56%, a 11.62% increase year-over-year.
NORFOLK SOUTHERN CORP return tang equity for fiscal 2025 was 18.48%, a 0.83% increase from fiscal 2024.
NORFOLK SOUTHERN CORP return tang equity for fiscal 2024 was 18.33%, a 28.22% increase from fiscal 2023.
NORFOLK SOUTHERN CORP return tang equity for fiscal 2023 was 14.29%, a 44.34% decline from fiscal 2022.
NORFOLK SOUTHERN CORP return tang equity for fiscal 2022 was 25.68%, a 16.58% increase from fiscal 2021.