Norfolk Southern Corp. (NSC) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 23, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NSC SEC filings page.
Norfolk Southern Corp. (NSC) reported $12.5B in revenue over the twelve months to Jun 30, 2026, up 3.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Earnings have recovered without meaningful revenue growth, while heavy reinvestment keeps cash available below accounting profit.
Revenue remained essentially flat at about$12.2B from FY2023 to FY2025, yet operating margin rose from23.5% to35.8% . That combination points to a substantial improvement in operating efficiency or cost structure, rather than growth being driven mainly by a larger revenue base.
Cash conversion is favorable but capital-intensive. FY2025 operating cash flow reached
Leverage has moderated, but short-term funding remains tight. Debt-to-equity declined from 1.3x in FY2023 to 1.1x in FY2025, indicating some balance-sheet improvement relative to equity. However, the current ratio was only 0.8x, meaning current liabilities exceeded current assets and the business continues to operate with limited working-capital coverage.
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Norfolk Southern Corp.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Norfolk Southern Corp. has an operating margin of 35.8%, meaning the company retains $36 of operating profit per $100 of revenue. This strong profitability earns a score of 90/100, reflecting efficient cost management and pricing power. This is up from 33.6% the prior year.
Norfolk Southern Corp.'s revenue grew a modest 0.5% year-over-year to $12.2B. This slow but positive growth earns a score of 31/100.
Norfolk Southern Corp. has elevated debt relative to equity (D/E of 1.06), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 25/100, reflecting increased financial risk.
Norfolk Southern Corp.'s current ratio of 0.85 is below the typical benchmark, resulting in a score of 13/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Norfolk Southern Corp. converts 17.7% of revenue into free cash flow ($2.2B). This strong cash generation earns a score of 77/100.
Norfolk Southern Corp. earns a strong 18.5% return on equity (ROE), meaning it generates $18 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 71/100. This is up from 18.3% the prior year.
Norfolk Southern Corp. scores 2.42, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($71.3B) relative to total liabilities ($29.7B). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Norfolk Southern Corp. passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Norfolk Southern Corp. generates $1.52 in operating cash flow ($4.4B OCF vs $2.9B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Norfolk Southern Corp. earns $5.50 in operating income for every $1 of interest expense ($4.4B vs $792.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Norfolk Southern Corp. generated $3.5B in revenue in Q2 2026. This represents an increase of 11.4% from the same quarter a year earlier. Against the prior quarter it is up 15.6%.
Norfolk Southern Corp.'s EBITDA was $1.5B in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 2.6% from the same quarter a year earlier. Against the prior quarter it is up 20.6%.
Norfolk Southern Corp. reported $734.0M in net income in Q2 2026. This represents a decrease of 4.4% from the same quarter a year earlier. Against the prior quarter it is up 34.2%.
Norfolk Southern Corp. earned $3.26 per diluted share (EPS) in Q2 2026. This represents a decrease of 4.4% from the same quarter a year earlier. Against the prior quarter it is up 34.2%.
Cash & Balance Sheet
Norfolk Southern Corp. generated $615.0M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 2.2% from the same quarter a year earlier. Against the prior quarter it is up 1718.4%.
Norfolk Southern Corp. held $1.1B in cash against $16.0B in long-term debt as of Q2 2026.
Norfolk Southern Corp. paid $1.35 per share in dividends in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
Norfolk Southern Corp.'s operating margin was 32.4% in Q2 2026, reflecting core business profitability. This is down 5.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.2 percentage points.
Norfolk Southern Corp.'s net profit margin was 21.2% in Q2 2026, showing the share of revenue converted to profit. This is down 3.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.9 percentage points.
Norfolk Southern Corp.'s ROE was 4.5% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.1 percentage points.
Not reported for Q2 2026.
Capital Allocation
Norfolk Southern Corp. repurchased no shares in Q2 2026. This represents a decrease of 100.0% from the same quarter a year earlier. Against the prior quarter it is down 100.0%.
Norfolk Southern Corp. invested $439.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 7.6% from the same quarter a year earlier. Against the prior quarter it is up 14.9%.
Not reported for Q2 2026.
NSC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.5B+11.4% | $3.0B+0.2% | $3.0B-1.7% | $3.1B+1.7% | $3.1B+2.2% | $3.0B-0.4% | $3.0B-1.6% | $3.1B+2.7% |
| SG&A Expenses | $744.0M+7.5% | $740.0M+0.1% | $753.0M+8.0% | $738.0M+7.0% | $692.0M-1.1% | $739.0M+0.4% | $697.0M-3.3% | $690.0M-3.5% |
| Operating Income | $1.1B-4.3% | $877.0M-23.5% | $937.0M-17.2% | $1.1B-31.2% | $1.2B+3.9% | $1.1B+438.0% | $1.1B+40.0% | $1.6B+111.1% |
| EBITDA | $1.5B-2.6% | $1.2B-17.6% | $1.3B-12.4% | $1.4B-25.3% | $1.5B+3.8% | $1.5B+171.3% | $1.5B+29.4% | $1.9B+78.8% |
| Interest Expense | $197.0M-2.0% | $197.0M-1.0% | $195.0M-2.0% | $197.0M-3.0% | $201.0M-1.5% | $199.0M-1.0% | $199.0M+2.1% | $203.0M+11.5% |
| Income Tax | $225.0M-2.2% | $168.0M-26.3% | $121.0M-37.9% | $213.0M-35.1% | $230.0M+11.1% | $228.0M+1091.3% | $195.0M+57.3% | $328.0M+141.2% |
| Net Income | $734.0M-4.4% | $547.0M-27.1% | $644.0M-12.1% | $711.0M-35.3% | $768.0M+4.2% | $750.0M+1315.1% | $733.0M+39.1% | $1.1B+129.9% |
| EPS (Basic) | $3.26-4.4% | $2.43-26.6% | $2.87-11.1% | $3.16-35.0% | $3.41+4.6% | $3.31+1339.1% | $3.23+38.6% | $4.86+130.3% |
| EPS (Diluted) | $3.26-4.4% | $2.43-26.6% | $2.87-11.1% | $3.16-34.8% | $3.41+4.9% | $3.31+1339.1% | $3.23+39.2% | $4.85+131.0% |
| Diluted Shares (Avg) | 225M-0.1% | 225M-0.7% | N/A | 225M-0.8% | 225M-0.5% | 227M+0.1% | N/A | 227M-0.2% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
NSC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $45.1B+2.2% | $45.1B+3.0% | $45.2B+3.6% | $44.6B+3.1% | $44.2B+3.8% | $43.8B+4.0% | $43.7B+4.9% | $43.3B+6.2% |
| Current Assets | $2.8B-3.6% | $3.0B+12.0% | $3.2B+0.3% | $3.0B+12.9% | $2.9B+26.2% | $2.7B+14.6% | $3.2B-2.5% | $2.7B-14.4% |
| Cash & Equivalents | $1.1B-18.0% | $1.3B+33.3% | $1.5B-6.8% | $1.4B+45.4% | $1.3B+97.7% | $1.0B+54.3% | $1.6B+4.7% | $975.0M-35.3% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $1.2B+4.8% | $1.1B-8.8% | $988.0M-7.6% | $1.1B-15.4% | $1.1B-5.6% | $1.2B+2.8% | $1.1B-6.8% | $1.3B+7.6% |
| Long-Term Investments | $4.2B+2.9% | $4.1B+2.8% | $4.1B+21.3% | $4.1B+2.8% | $4.0B+5.9% | $4.0B+12.1% | $3.4B-12.2% | $4.0B+3.8% |
| Total Liabilities | $28.9B-1.7% | $29.3B+0.1% | $29.7B+1.1% | $29.4B-0.1% | $29.4B-0.7% | $29.3B-1.0% | $29.4B+1.7% | $29.5B+4.8% |
| Current Liabilities | $3.4B-8.1% | $3.3B-3.3% | $3.8B+6.5% | $3.5B-4.2% | $3.7B0.0% | $3.5B+0.1% | $3.5B+34.7% | $3.7B+26.2% |
| Non-Current Liabilities | $25.5B-0.8% | $26.0B+0.5% | $25.9B+0.3% | $25.9B+0.5% | $25.7B-0.8% | $25.8B-1.2% | $25.8B-1.6% | $25.8B+2.3% |
| Long-Term Debt | $16.0B-3.0% | $16.5B-1.0% | $16.5B-1.0% | $16.5B-1.0% | $16.5B-2.8% | $16.7B-3.0% | $16.7B-3.1% | $16.6B+2.9% |
| Total Equity | $16.3B+9.9% | $15.8B+8.9% | $15.5B+8.7% | $15.1B+9.8% | $14.8B+13.9% | $14.5B+15.8% | $14.3B+11.9% | $13.8B+9.3% |
| Retained Earnings | $13.9B+10.7% | $13.5B+9.6% | $13.2B+9.4% | $12.9B+10.5% | $12.6B+15.5% | $12.3B+17.7% | $12.1B+13.1% | $11.7B+10.2% |
Not reported in any period shown, so not listed: Inventory, Goodwill.
NSC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.1B-2.1% | $344.0M-63.8% | $1.1B+11.8% | $1.3B+3.7% | $1.1B+4.0% | $950.0M+13.2% | $951.0M+41.3% | $1.2B+85.8% |
| Depreciation & Amortization | $358.0M+3.5% | $352.0M+1.7% | $353.0M+3.2% | $348.0M+2.7% | $346.0M+3.3% | $346.0M+2.7% | $342.0M+3.6% | $339.0M+4.0% |
| Stock-Based Compensation | $24.0M+41.2% | $25.0M+38.9% | N/A | $17.0M+440.0% | $17.0M+30.8% | $18.0M-5.3% | N/A | -$5.0M-150.0% |
| Capital Expenditures | $439.0M-7.6% | $382.0M-14.9% | $729.0M+8.0% | $551.0M-5.2% | $475.0M-16.4% | $449.0M-19.4% | $675.0M-19.3% | $581.0M+7.0% |
| Free Cash Flow | $615.0M+2.2% | -$38.0M-107.6% | $334.0M+21.0% | $720.0M+11.6% | $602.0M+28.6% | $501.0M+77.7% | $276.0M+269.3% | $645.0M+451.3% |
| Investing Cash Flow | -$416.0M-0.5% | -$213.0M+79.1% | -$644.0M-5954.5% | -$483.0M-115.6% | -$414.0M+42.7% | -$1.0B+44.6% | $11.0M+101.4% | -$224.0M+65.7% |
| Financing Cash Flow | -$910.0M-148.6% | -$320.0M+43.3% | -$307.0M-3.7% | -$673.0M+1.9% | -$366.0M-19.6% | -$564.0M-733.7% | -$296.0M-267.2% | -$686.0M-172.7% |
| Dividends Paid | $303.0M0.0% | $303.0M-1.0% | $303.0M-1.0% | $303.0M-0.7% | $303.0M-0.7% | $306.0M+0.3% | $306.0M+0.3% | $305.0M0.0% |
| Share Buybacks | $0-100.0% | $5.0M-98.0% | $0 | $78.0M | $208.0M | $248.0M | $0-100.0% | $0-100.0% |
NSC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 32.4%-5.3pp | 29.3%-9.0pp | 31.5%-5.9pp | 35.4%-16.9pp | 37.8%+0.6pp | 38.3%+31.2pp | 37.4%+11.1pp | 52.3%+26.9pp |
| Net Margin | 21.2%-3.5pp | 18.3%-6.8pp | 21.6%-2.6pp | 22.9%-13.1pp | 24.7%+0.5pp | 25.1%+23.3pp | 24.2%+7.1pp | 36.0%+19.9pp |
| Return on Equity | 4.5%-0.7pp | 3.5%-1.7pp | 4.1%-1.0pp | 4.7%-3.3pp | 5.2%-0.5pp | 5.2%+4.8pp | 5.1%+1.0pp | 8.0%+4.2pp |
| Return on Assets | 1.6%-0.1pp | 1.2%-0.5pp | 1.4%-0.3pp | 1.6%-0.9pp | 1.7%0.0pp | 1.7%+1.6pp | 1.7%+0.4pp | 2.5%+1.4pp |
| Current Ratio | 0.830.0x | 0.91+0.1x | 0.85-0.1x | 0.86+0.1x | 0.79+0.2x | 0.78+0.1x | 0.90-0.3x | 0.73-0.3x |
| Debt-to-Equity | 0.98-0.1x | 1.04-0.1x | 1.06-0.1x | 1.09-0.1x | 1.11-0.2x | 1.15-0.2x | 1.16-0.2x | 1.21-0.1x |
| Asset Turnover | 0.080.0x | 0.070.0x | 0.070.0x | 0.070.0x | 0.070.0x | 0.070.0x | 0.070.0x | 0.070.0x |
| FCF Margin | 17.8%-1.6pp | -1.3%-18.0pp | 11.2%+2.1pp | 23.2%+2.1pp | 19.4%+4.0pp | 16.7%+7.3pp | 9.1%+14.4pp | 21.1%+17.2pp |
Not reported in any period shown, so not listed: Gross Margin.
Note: The current ratio is below 1.0 (0.85), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Norfolk Southern Corp. NSC | FY2025 | $12.2B | $2.9B | 23.6% | $71.3B | 51/100 |
| CSX Corporation CSX | FY2025 | $14.1B | $2.9B | 20.5% | $87.9B | 52/100 |
| Union Pacific Corp. UNP | FY2025 | $24.5B | $7.1B | 29.1% | $165.3B | 58/100 |
| Wabtec Inc. WAB | FY2025 | $11.2B | $1.2B | 10.5% | $48.6B | 57/100 |
Where Norfolk Southern Corp. Ranks
Frequently Asked Questions
What is Norfolk Southern Corp.'s annual revenue?
Norfolk Southern Corp. (NSC) reported $12.2B in total revenue for fiscal year 2025. This represents a 0.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Norfolk Southern Corp.'s revenue growing?
Norfolk Southern Corp. (NSC) revenue grew by 0.5% year-over-year, from $12.1B to $12.2B in fiscal year 2025.
Is Norfolk Southern Corp. profitable?
Yes, Norfolk Southern Corp. (NSC) reported a net income of $2.9B in fiscal year 2025, with a net profit margin of 23.6%.
What is Norfolk Southern Corp.'s EBITDA?
Norfolk Southern Corp. (NSC) had EBITDA of $5.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Norfolk Southern Corp. have?
As of fiscal year 2025, Norfolk Southern Corp. (NSC) had $1.5B in cash and equivalents against $16.5B in long-term debt.
What is Norfolk Southern Corp.'s operating margin?
Norfolk Southern Corp. (NSC) had an operating margin of 35.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Norfolk Southern Corp.'s net profit margin?
Norfolk Southern Corp. (NSC) had a net profit margin of 23.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Norfolk Southern Corp. pay dividends?
Yes, Norfolk Southern Corp. (NSC) paid $5.40 per share in dividends during fiscal year 2025.
What is Norfolk Southern Corp.'s return on equity (ROE)?
Norfolk Southern Corp. (NSC) has a return on equity of 18.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Norfolk Southern Corp.'s free cash flow?
Norfolk Southern Corp. (NSC) generated $2.2B in free cash flow during fiscal year 2025. This represents a 29.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Norfolk Southern Corp.'s operating cash flow?
Norfolk Southern Corp. (NSC) generated $4.4B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Norfolk Southern Corp.'s total assets?
Norfolk Southern Corp. (NSC) had $45.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Norfolk Southern Corp.'s capital expenditures?
Norfolk Southern Corp. (NSC) invested $2.2B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Norfolk Southern Corp.'s current ratio?
Norfolk Southern Corp. (NSC) had a current ratio of 0.85 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Norfolk Southern Corp.'s debt-to-equity ratio?
Norfolk Southern Corp. (NSC) had a debt-to-equity ratio of 1.06 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Norfolk Southern Corp.'s return on assets (ROA)?
Norfolk Southern Corp. (NSC) had a return on assets of 6.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Norfolk Southern Corp.'s P/E ratio?
Norfolk Southern Corp. (NSC) trades at 27.0x earnings, its market capitalization divided by net income of $2.6B net income, trailing 12 months to June 30, 2026. The market capitalization is $71.3B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Norfolk Southern Corp.'s price-to-sales ratio?
Norfolk Southern Corp. (NSC) trades at 5.7x sales, its market capitalization divided by revenue of $12.5B revenue, trailing 12 months to June 30, 2026. The market capitalization is $71.3B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Norfolk Southern Corp.'s Altman Z-Score?
Norfolk Southern Corp. (NSC) has an Altman Z-Score of 2.42, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Norfolk Southern Corp.'s Piotroski F-Score?
Norfolk Southern Corp. (NSC) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Norfolk Southern Corp.'s earnings high quality?
Norfolk Southern Corp. (NSC) has an earnings quality ratio of 1.52x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Norfolk Southern Corp. cover its interest payments?
Norfolk Southern Corp. (NSC) has an interest coverage ratio of 5.50x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Norfolk Southern Corp.?
Norfolk Southern Corp. (NSC) scores 51 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.