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6Material company update
Apr 24, 2026·SEC
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Norfolk Southern Corporation(NSC)Earnings, Financials & Key Ratios
NSC•NYSE
23.5× P/E·Price updated Jun 19, 2026
AboutNorfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, scrap paper, beverages, canned goods, and consumer products; chemicals consist of sulfur and related chemicals, petroleum products, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, and sand; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal. It also transports overseas freight through various Atlantic and Gulf Coast ports; and provides commuter rail passenger transportation services and operates an intermodal network. As of December 31, 2021, the company operated approximately 19,300 route miles in 22 states and the District of Columbia. Norfolk Southern Corporation was incorporated in 1980 and is based in Atlanta, Georgia.Show more
- Revenue$12.18B+0.5%
- EBITDA$5.4B+5.6%
- Net Income$2.87B+9.6%
- EPS (Diluted)12.75+10.2%
- Gross Margin42.43%+36.7%
- EBITDA Margin44.34%+5.1%
- Operating Margin32.91%+6.0%
- Net Margin23.59%+9.1%
- ROE19.25%-0.6%
NSC Key Insights
Norfolk Southern Corporation (NSC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong Piotroski F-Score: 7/9
- ✓FCF machine: 17.7% free cash flow margin
- ✓High quality earnings: Operating CF exceeds net income
- ✓Good 3Y average ROE of 17.6%
- ✓Healthy 5Y average net margin of 22.6%
✗Weaknesses
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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NSC Price & Volume
Norfolk Southern Corporation (NSC) stock price & volume — 10-year historical chart
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NSC Growth Metrics
Norfolk Southern Corporation (NSC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years1.48%
5 Years4.47%
3 Years-1.5%
TTM0.6%
Profit CAGR
10 Years6.32%
5 Years7.37%
3 Years-4.22%
TTM-19.55%
EPS CAGR
10 Years9.6%
5 Years10.21%
3 Years-2.79%
TTM-18.92%
Return on Capital
10 Years10.49%
5 Years10.41%
3 Years8.93%
Last Year9.82%
NSC Recent Earnings
Norfolk Southern Corporation (NSC) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
Apr 24, 2026Metric
Actual
Est
EPS
$2.65+6.4%
$2.49
Rev
$3.0B+0.1%
$3.0B
Q1 2026
Jan 29, 2026Metric
Actual
Est
EPS
$3.22+16.7%
$2.76
Rev
$3.0B-0.9%
$3.0B
Q4 2025
Oct 23, 2025Metric
Actual
Est
EPS
$3.30+3.4%
$3.19
Rev
$3.1B-0.3%
$3.1B
Q3 2025
Jul 29, 2025Metric
Actual
Est
EPS
$3.29-0.6%
$3.31
Rev
$3.1B-0.6%
$3.1B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 24, 2026 | $2.65vs $2.49+6.4% | $3.0Bvs $3.0B+0.1% |
| Q1 2026 | Jan 29, 2026 | $3.22vs $2.76+16.7% | $3.0Bvs $3.0B-0.9% |
| Q4 2025 | Oct 23, 2025 | $3.30vs $3.19+3.4% | $3.1Bvs $3.1B-0.3% |
| Q3 2025 | Jul 29, 2025 | $3.29vs $3.31-0.6% | $3.1Bvs $3.1B-0.6% |
Based on last 12 quarters of dataView full earnings history →
NSC Peer Comparison
Norfolk Southern Corporation (NSC) competitors in North American freight railroads — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 CSX | 84.79B | 45.63 | 29.63 | -3.08% | 21.55% | 23.52% | 1.47 | |
 UNP | 152.5B | 256.88 | 21.46 | 1.07% | 29.82% | 42.37% | 1.72 | |
 CP | 77.23B | 86.03 | 26.91 | 3.66% | 27.21% | 10.09% | 0.50 | |
 WAB | 46.46B | 273.83 | 40.09 | 7.51% | 10.52% | 10.9% | 0.50 | |
 RAIL | 296.44M | 9.32 | 8.55 | -10.45% | 6.25% | |||
 TRN | 2.75B | 34.47 | 11.30 | -29.95% | 12.37% | 21.27% | 4.75 | |
 UPS | 89.22B | 105.00 | 16.01 | -2.49% | 5.94% | 32.98% | 1.99 | |
 FDX | 77.83B | 326.20 | 19.41 | 0.27% | 4.88% | 15.76% | 1.33 |
Compare NSC vs Peers
Norfolk Southern Corporation (NSC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NSC Income Statement
Norfolk Southern Corporation (NSC) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 10.55B | 11.46B | 11.3B | 9.79B | 11.14B | 12.74B | 12.16B | 12.12B | 12.18B | 12.19B |
Revenue Growth % | 6.71% | 8.6% | -1.41% | -13.34% | 13.82% | 14.39% | -4.62% | -0.27% | 0.47% | 0.6% |
Cost of Goods Sold | 7.03B | 7.5B | 7.4B | 6.39B | 6.78B | 8.01B | 9.35B | 8.36B | 7.01B | 5.95B |
COGS % of Revenue | 66.62% | 65.45% | 65.54% | 65.3% | 60.82% | 62.86% | 76.9% | 68.95% | 57.57% | - |
Gross Profit | 3.52B▲ 0% | 3.96B▲ 12.4% | 3.89B▼ 1.7% | 3.4B▼ 12.7% | 4.37B▲ 28.5% | 4.73B▲ 8.4% | 2.81B▼ 40.7% | 3.76B▲ 34.0% | 5.17B▲ 37.3% | 6.23B▲ 0% |
Gross Margin % | 33.38% | 34.55% | 34.46% | 34.7% | 39.18% | 37.14% | 23.1% | 31.05% | 42.43% | 51.14% |
Gross Profit Growth % | 14.72% | 12.41% | -1.67% | -12.74% | 28.5% | 8.43% | -40.67% | 34.05% | 37.3% | - |
Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.16B | 3.28B |
OpEx % of Revenue | - | - | - | - | - | - | - | - | 9.52% | - |
Selling, General & Admin | 0 | 0 | 0 | 0 | -102M | -126M | -117M | -120M | 753M | 753M |
SG&A % of Revenue | - | - | - | - | -0.92% | -0.99% | -0.96% | -0.99% | 6.18% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
Other Operating Expenses | 0 | 0 | 0 | 0 | 102M | 126M | 117M | 120M | 407M | 2M |
Operating Income | 3.52B▲ 0% | 3.96B▲ 12.4% | 3.89B▼ 1.7% | 3.4B▼ 12.7% | 4.37B▲ 28.5% | 4.73B▲ 8.4% | 2.81B▼ 40.7% | 3.76B▲ 34.0% | 4.01B▲ 6.5% | 3.95B▲ 0% |
Operating Margin % | 33.38% | 34.55% | 34.46% | 34.7% | 39.18% | 37.14% | 23.1% | 31.05% | 32.91% | 32.39% |
Operating Income Growth % | 14.72% | 12.41% | -1.67% | -12.74% | 28.5% | 8.43% | -40.67% | 34.05% | 6.48% | - |
EBITDA | 4.58B | 5.06B | 5.03B | 4.55B | 5.55B | 5.95B | 4.11B | 5.12B | 5.4B | 4.99B |
EBITDA Margin % | 43.38% | 44.17% | 44.54% | 46.49% | 49.78% | 46.72% | 33.78% | 42.21% | 44.34% | 40.98% |
EBITDA Growth % | 10.8% | 10.57% | -0.59% | -9.54% | 21.86% | 7.36% | -31.04% | 24.62% | 5.55% | -13.18% |
D&A (Non-Cash Add-back) | 1.05B | 1.1B | 1.14B | 1.15B | 1.18B | 1.22B | 1.3B | 1.35B | 1.39B | 1.05B |
EBIT | 3.68B | 4.03B | 4.09B | 3.15B | 4.52B | 4.82B | 3.04B | 4.14B | 4.46B | 3.28B |
Net Interest Income | -550M | -557M | -604M | -625M | -646M | -692M | -722M | -807M | -792M | -593M |
Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense | 550M | 557M | 604M | 625M | 646M | 692M | 722M | 807M | 792M | 790M |
Other Income/Expense | -394M | -490M | -402M | -867M | -487M | -603M | -488M | -435M | -343M | -545M |
Pretax Income | 3.13B▲ 0% | 3.47B▲ 10.9% | 3.49B▲ 0.6% | 2.53B▼ 27.5% | 3.88B▲ 53.3% | 4.13B▲ 6.5% | 2.32B▼ 43.8% | 3.33B▲ 43.5% | 3.67B▲ 10.1% | 3.4B▲ 0% |
Pretax Margin % | 29.65% | 30.28% | 30.9% | 25.85% | 34.81% | 32.4% | 19.09% | 27.46% | 30.09% | 27.92% |
Income Tax | -2.28B | 803M | 769M | 517M | 873M | 860M | 493M | 707M | 792M | 732M |
Effective Tax Rate % | -72.76% | 23.15% | 22.03% | 20.43% | 22.51% | 20.82% | 21.25% | 21.24% | 21.61% | 21.52% |
Net Income | 5.4B▲ 0% | 2.67B▼ 50.7% | 2.72B▲ 2.1% | 2.01B▼ 26.0% | 3B▲ 49.3% | 3.27B▲ 8.8% | 1.83B▼ 44.1% | 2.62B▲ 43.5% | 2.87B▲ 9.6% | 2.67B▲ 0% |
Net Margin % | 51.22% | 23.27% | 24.1% | 20.56% | 26.97% | 25.66% | 15.03% | 21.63% | 23.59% | 21.91% |
Net Income Growth % | 223.98% | -50.67% | 2.1% | -26.05% | 49.28% | 8.82% | -44.13% | 43.51% | 9.57% | -19.55% |
Net Income (Continuing) | 5.4B | 2.67B | 2.72B | 2.01B | 3B | 3.27B | 1.83B | 2.62B | 2.87B | 2.67B |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | 18.61▲ 0% | 9.51▼ 48.9% | 10.25▲ 7.8% | 7.84▼ 23.5% | 12.11▲ 54.5% | 13.88▲ 14.6% | 8.02▼ 42.2% | 11.57▲ 44.3% | 12.75▲ 10.2% | -▲ 0% |
EPS Growth % | 231.14% | -48.9% | 7.78% | -23.51% | 54.46% | 14.62% | -42.22% | 44.26% | 10.2% | -18.92% |
EPS (Basic) | 18.76 | 9.94 | 10.32 | 7.88 | 12.16 | 13.92 | 8.04 | 11.58 | 12.75 | - |
Diluted Shares Outstanding | 290.3M | 280.2M | 265.6M | 256.6M | 248.1M | 235.6M | 227.4M | 226.4M | 224.8M | 0 |
Basic Shares Outstanding | 287.9M | 268.1M | 263.3M | 255.1M | 246.9M | 234.8M | 226.9M | 226.1M | 224.8M | 0 |
Dividend Payout Ratio | 13.01% | 31.66% | 34.86% | 47.69% | 34.21% | 35.69% | 67.05% | 46.57% | 42.29% | - |
NSC Balance Sheet
Norfolk Southern Corporation (NSC) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 2.15B | 1.86B | 2.08B | 2.32B | 2.17B | 2.01B | 3.27B | 3.19B | 3.2B | 3.02B |
Cash & Short-Term Investments | 690M | 358M | 580M | 1.11B | 839M | 456M | 1.57B | 1.64B | 1.53B | 1.34B |
Cash Only | 690M | 358M | 580M | 1.11B | 839M | 456M | 1.57B | 1.64B | 1.53B | 1.34B |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 955M | 1.01B | 920M | 848M | 976M | 1.15B | 1.15B | 1.07B | 988M | 1.12B |
Days Sales Outstanding | 33.04 | 32.14 | 29.73 | 31.62 | 31.97 | 32.88 | 34.44 | 32.19 | 29.61 | 32.47 |
Inventory | 222M | 207M | 244M | 221M | 218M | 253M | 264M | 277M | 0 | 0 |
Days Inventory Outstanding | 11.53 | 10.08 | 12.03 | 12.62 | 11.74 | 11.53 | 10.31 | 12.1 | - | 4.8 |
Other Current Assets | 282M | 288M | 337M | 134M | 134M | 150M | 292M | 201M | 680M | 560M |
Total Non-Current Assets | 33.56B | 34.38B | 35.84B | 35.64B | 36.33B | 36.88B | 38.38B | 40.49B | 42.04B | 42.09B |
Property, Plant & Equipment | 30.33B | 31.09B | 31.61B | 31.34B | 31.65B | 32.16B | 33.33B | 35.83B | 0 | 0 |
Fixed Asset Turnover | 0.35x | 0.37x | 0.36x | 0.31x | 0.35x | 0.40x | 0.36x | 0.34x | - | 1.36x |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | -366M | -380M | -388M | -399M | 0 | 0 | 0 | 0 | 0 | 0 |
Long-Term Investments | 2.98B | 3.11B | 3.43B | 3.59B | 3.71B | 3.69B | 3.84B | 3.37B | 4.09B | 16.32B |
Other Non-Current Assets | -5.71B | 557M | 1.19B | 1.11B | 966M | 1.03B | 1.22B | 1.29B | 37.95B | 37.97B |
Total Assets | 35.71B▲ 0% | 36.24B▲ 1.5% | 37.92B▲ 4.6% | 37.96B▲ 0.1% | 38.49B▲ 1.4% | 38.88B▲ 1.0% | 41.65B▲ 7.1% | 43.68B▲ 4.9% | 45.24B▲ 3.6% | 45.11B▲ 0% |
Asset Turnover | 0.30x | 0.32x | 0.30x | 0.26x | 0.29x | 0.33x | 0.29x | 0.28x | 0.27x | 0.27x |
Asset Growth % | 2.35% | 1.48% | 4.65% | 0.1% | 1.4% | 1.02% | 7.12% | 4.87% | 3.56% | 13.37% |
Total Current Liabilities | 2.54B | 2.59B | 2.3B | 2.16B | 2.52B | 2.65B | 2.63B | 3.54B | 3.77B | 3.33B |
Accounts Payable | 822M | 828M | 710M | 552M | 850M | 712M | 997M | 985M | 1.86B | 1.7B |
Days Payables Outstanding | 42.68 | 40.3 | 35.01 | 31.52 | 45.78 | 32.44 | 38.93 | 43.01 | 96.98 | 102.99 |
Short-Term Debt | 700M | 585M | 316M | 579M | 553M | 703M | 4M | 555M | 607M | 609M |
Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | 438M | 460M | 429M | 375M | 365M | 396M | 760M | 1.03B | 965M | 2.73B |
Current Ratio | 0.84x | 0.72x | 0.90x | 1.07x | 0.86x | 0.76x | 1.24x | 0.90x | 0.85x | 0.91x |
Quick Ratio | 0.76x | 0.64x | 0.80x | 0.97x | 0.77x | 0.66x | 1.14x | 0.82x | 0.85x | 0.91x |
Cash Conversion Cycle | 1.88 | 1.92 | 6.75 | 12.72 | -2.07 | 11.97 | 5.82 | 1.27 | - | -65.72 |
Total Non-Current Liabilities | 16.81B | 18.29B | 20.44B | 21.01B | 22.33B | 23.5B | 26.24B | 25.83B | 25.91B | 25.97B |
Long-Term Debt | 9.14B | 10.56B | 11.88B | 12.1B | 13.29B | 14.48B | 17.18B | 16.65B | 16.48B | 16.49B |
Capital Lease Obligations | 0 | 0 | 441M | 344M | 331M | 316M | 287M | 191M | 0 | 0 |
Deferred Tax Liabilities | 6.32B | 6.46B | 6.82B | 6.92B | 7.17B | 7.26B | 7.22B | 7.42B | 7.71B | 30.73B |
Other Non-Current Liabilities | 1.07B | 986M | 1.02B | 1.11B | 1.01B | 909M | 1.55B | 1.57B | 1.72B | 1.72B |
Total Liabilities | 19.35B | 20.88B | 22.74B | 23.17B | 24.85B | 26.15B | 28.87B | 29.38B | 29.69B | 29.31B |
Total Debt | 9.84B | 11.14B | 12.73B | 13.11B | 14.25B | 15.59B | 17.57B | 17.48B | 17.09B | 17.1B |
Net Debt | 9.15B | 10.79B | 12.15B | 12B | 13.41B | 15.14B | 16B | 15.84B | 15.56B | 15.76B |
Debt / Equity | 0.60x | 0.73x | 0.84x | 0.89x | 1.04x | 1.22x | 1.37x | 1.22x | 1.10x | 1.08x |
Debt / EBITDA | 2.15x | 2.20x | 2.53x | 2.88x | 2.57x | 2.62x | 4.28x | 3.42x | 3.16x | 3.42x |
Net Debt / EBITDA | 2.00x | 2.13x | 2.42x | 2.64x | 2.42x | 2.54x | 3.90x | 3.09x | 2.88x | 3.16x |
Interest Coverage | 6.69x | 7.23x | 6.78x | 5.05x | 7.00x | 6.97x | 4.21x | 5.13x | 5.63x | 4.15x |
Total Equity | 16.36B▲ 0% | 15.36B▼ 6.1% | 15.18B▼ 1.2% | 14.79B▼ 2.6% | 13.64B▼ 7.8% | 12.73B▼ 6.7% | 12.78B▲ 0.4% | 14.31B▲ 11.9% | 15.55B▲ 8.7% | 15.8B▲ 0% |
Equity Growth % | 31.83% | -6.09% | -1.16% | -2.59% | -7.78% | -6.66% | 0.38% | 11.93% | 8.67% | 41.35% |
Book Value per Share | 56.35 | 54.83 | 57.17 | 57.64 | 54.98 | 54.04 | 56.20 | 63.19 | 69.16 | - |
Total Shareholders' Equity | 16.36B | 15.36B | 15.18B | 14.79B | 13.64B | 12.73B | 12.78B | 14.31B | 15.55B | 15.8B |
Common Stock | 285M | 269M | 259M | 254M | 242M | 230M | 227M | 228M | 226M | 226M |
Retained Earnings | 14.18B | 13.44B | 13.21B | 12.88B | 11.59B | 10.7B | 10.7B | 12.09B | 13.23B | 0 |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | -356M | -563M | -491M | -594M | -402M | -351M | -320M | -262M | -210M | -211M |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
NSC Cash Flow Statement
Norfolk Southern Corporation (NSC) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 3.25B | 3.73B | 3.89B | 3.64B | 4.25B | 4.22B | 3.18B | 4.05B | 4.36B | 3.75B |
Operating CF Margin % | 30.83% | 32.52% | 34.45% | 37.15% | 38.19% | 33.13% | 26.15% | 33.42% | 35.8% | - |
Operating CF Growth % | 7.22% | 14.54% | 4.46% | -6.55% | 16.99% | -0.78% | -24.7% | 27.46% | 7.63% | -44.38% |
Net Income | 5.4B | 2.67B | 2.72B | 2.01B | 3B | 3.27B | 1.83B | 2.62B | 2.87B | 2.67B |
Depreciation & Amortization | 1.06B | 1.1B | 1.14B | 1.15B | 1.18B | 1.22B | 1.3B | 1.35B | 1.39B | 1.4B |
Stock-Based Compensation | 0 | 0 | 0 | 28M | 0 | 53M | 0 | 0 | 0 | 0 |
Deferred Taxes | -2.86B | 173M | 330M | 142M | 184M | 83M | -49M | 176M | 277M | 268M |
Other Non-Cash Items | -409M | -339M | -160M | 169M | -262M | -204M | -265M | -724M | -241M | -749M |
Working Capital Changes | 58M | 122M | -139M | 131M | 147M | -201M | 368M | 625M | 71M | 167M |
Change in Receivables | -41M | -70M | 87M | 71M | -133M | -171M | -2M | 85M | 59M | 89M |
Change in Inventory | 35M | 15M | -37M | 23M | 3M | -35M | -11M | -13M | 6M | -4M |
Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash from Investing | -1.48B | -1.66B | -1.76B | -1.18B | -1.22B | -1.6B | -2.18B | -2.78B | -2.56B | -1.75B |
Capital Expenditures | -1.72B | -1.95B | -2.02B | -1.49B | -1.47B | -1.95B | -2.35B | -4.02B | -2.2B | 449M |
CapEx % of Revenue | 16.33% | 17.03% | 17.87% | 15.26% | 13.19% | 15.28% | 19.32% | 33.19% | 18.1% | 3.68% |
Acquisitions | 202M | 204M | 104M | 1M | 159M | 263M | 86M | 558M | 164M | 0 |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 0 | 0 | 377M | 333M | 0 | 0 | 0 | 0 | 0 | -2.9B |
Cash from Financing | -2.04B | -2.31B | -1.99B | -1.93B | -3.31B | -3B | 115M | -1.2B | -1.91B | -1.67B |
Debt Issued (Net) | -412M | 1.27B | 1B | 403M | 1.09B | 1.28B | 1.96B | -4M | -163M | 1M |
Equity Issued (Net) | -923M | -2.74B | -2.07B | -1.37B | -3.37B | -3.11B | -622M | 26M | -534M | -277M |
Dividends Paid | -703M | -844M | -949M | -960M | -1.03B | -1.17B | -1.23B | -1.22B | -1.22B | -1.21B |
Share Repurchases | -1.01B | -2.78B | -2.1B | -1.44B | -3.39B | -3.11B | -619M | 26M | -534M | -282M |
Other Financing | 0 | 0 | 23M | 0 | 0 | 0 | 3M | 0 | 2M | -178M |
Net Change in Cash | -266M▲ 0% | -244M▲ 8.3% | 134M▲ 154.9% | 535M▲ 299.3% | -276M▼ 151.6% | -383M▼ 38.8% | 1.11B▲ 390.3% | 73M▼ 93.4% | -111M▼ 252.1% | 335M▲ 0% |
Free Cash Flow | 1.53B▲ 0% | 1.77B▲ 16.0% | 1.87B▲ 5.5% | 2.14B▲ 14.4% | 2.79B▲ 30.0% | 2.27B▼ 18.3% | 830M▼ 63.5% | 1.67B▲ 101.3% | 2.16B▲ 29.1% | 4.2B▲ 0% |
FCF Margin % | 14.5% | 15.49% | 16.58% | 21.89% | 25% | 17.84% | 6.83% | 13.78% | 17.71% | 34.5% |
FCF Growth % | 33.39% | 16.01% | 5.52% | 14.42% | 29.96% | -18.35% | -63.5% | 101.33% | 29.08% | 122.55% |
FCF per Share | 5.27 | 6.33 | 7.05 | 8.35 | 11.23 | 9.65 | 3.65 | 7.38 | 9.60 | - |
FCF Conversion (FCF/Net Income) | 0.60x | 1.40x | 1.43x | 1.81x | 1.42x | 1.29x | 1.74x | 1.55x | 1.52x | 1.57x |
Interest Paid | 528M | 496M | 555M | 577M | 579M | 619M | 653M | 764M | 0 | -192M |
Taxes Paid | 705M | 519M | 543M | 311M | 654M | 750M | 681M | 305M | 0 | -1M |
NSC Key Ratios
Norfolk Southern Corporation (NSC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 37.57% | 16.81% | 17.82% | 13.43% | 21.14% | 24.8% | 14.32% | 19.36% | 19.25% | 17.43% |
Return on Invested Capital (ROIC) | 11.2% | 11.5% | 10.92% | 9.41% | 12.16% | 12.93% | 7.43% | 9.58% | 9.82% | 9.52% |
Gross Margin | 33.38% | 34.55% | 34.46% | 34.7% | 39.18% | 37.14% | 23.1% | 31.05% | 42.43% | 51.14% |
Net Margin | 51.22% | 23.27% | 24.1% | 20.56% | 26.97% | 25.66% | 15.03% | 21.63% | 23.59% | 21.91% |
Debt / Equity | 0.60x | 0.73x | 0.84x | 0.89x | 1.04x | 1.22x | 1.37x | 1.22x | 1.10x | 1.08x |
Interest Coverage | 6.69x | 7.23x | 6.78x | 5.05x | 7.00x | 6.97x | 4.21x | 5.13x | 5.63x | 4.15x |
FCF Conversion | 0.60x | 1.40x | 1.43x | 1.81x | 1.42x | 1.29x | 1.74x | 1.55x | 1.52x | 1.57x |
Revenue Growth | 6.71% | 8.6% | -1.41% | -13.34% | 13.82% | 14.39% | -4.62% | -0.27% | 0.47% | 0.6% |
Related:NSC Dividend History·NSC Revenue History·NSC Price History·NSC P/E History·NSC Financial Ratios·NSC Institutional Holders
NSC SEC Filings & Documents
Norfolk Southern Corporation (NSC) SEC filings — annual & quarterly reports (10-K, 10-Q)
NSC Frequently Asked Questions
Norfolk Southern Corporation (NSC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Norfolk Southern Corporation (NSC) reported $12.19B in revenue for fiscal year 2025. This represents a 155% increase from $4.77B in 1996.
Norfolk Southern Corporation (NSC) grew revenue by 0.5% over the past year. Growth has been modest.
Yes, Norfolk Southern Corporation (NSC) is profitable, generating $2.67B in net income for fiscal year 2025 (23.6% net margin).
Dividend & Returns
Yes, Norfolk Southern Corporation (NSC) pays a dividend with a yield of 1.80%. This makes it attractive for income-focused investors.
Norfolk Southern Corporation (NSC) has a return on equity (ROE) of 19.2%. This is reasonable for most industries.
Norfolk Southern Corporation (NSC) generated $4.20B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.