Norfolk Southern Corporation(NSC)Earnings, Financials & Key Ratios

NSC•NYSE

$317.25

$71.25B mkt cap·24.9× P/E·Price updated May 6, 2026

SectorIndustrials IndustryRailroads Sub-IndustryNorth American freight railroads

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%
ROIC9.82%+2.4%
Debt/Equity1.10-10.0%
Interest Coverage5.63+9.8%

Analysis→Technical→

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
✓24 consecutive years of dividend growth
✓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.

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

Full history →

●Beat EPS 7/12 qtrs (58%)●Beat Revenue 5/12 qtrs (42%)

Q2 2026Latest

Apr 24, 2026

EPS

$2.65

Est $2.49

+6.4%

Revenue

$3.0B

Est $3.0B

+0.1%

Q1 2026

Jan 29, 2026

EPS

$3.22

Est $2.76

+16.7%

Revenue

$3.0B

Est $3.0B

-0.9%

Q4 2025

Oct 23, 2025

EPS

$3.30

Est $3.19

+3.4%

Revenue

$3.1B

Est $3.1B

-0.3%

Q3 2025

Jul 29, 2025

EPS

$3.29

Est $3.31

-0.6%

Revenue

$3.1B

Est $3.1B

-0.6%

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 →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
CSXCSX CorporationDirect Competitor	84.69B	45.58	29.60	-3.08%	21.55%	23.52%	1.47
UNPUnion Pacific CorporationDirect Competitor	159.24B	268.23	22.41	1.07%	29.82%	42.37%	1.72
CPCanadian Pacific Kansas City Ltd.Direct Competitor	77.19B	85.98	25.90	3.66%	27.21%	10.09%	0.50
WABWestinghouse Air Brake Technologies CorporationProduct Competitor	45.9B	270.49	39.60	7.51%	10.52%	10.9%	0.50
RAILFreightCar America, Inc.Product Competitor	251.91M	7.92	7.27	-10.45%	6.25%
TRNTrinity Industries, Inc.Product Competitor	2.89B	36.25	11.89	-29.95%	12.37%	21.27%	4.75
UPSUnited Parcel Service, Inc.Supply Chain	84.87B	99.88	15.23	-2.49%	5.94%	32.98%	1.99
FDXFedEx CorporationSupply Chain	88.69B	377.19	22.44	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.

Closest Rival

vs CSX

Most directly comparable listed peer for NSC.

Scale Benchmark

vs CAT

Larger-name benchmark to compare NSC against a more recognizable public peer.

Peer Set

Compare Top 5

vs CSX, UNP, CP, WAB

NSC Income Statement

Norfolk Southern Corporation (NSC) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	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

Line item	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	114.67B
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	0.85x
Quick Ratio	0.76x	0.64x	0.80x	0.97x	0.77x	0.66x	1.14x	0.82x	0.85x	0.85x
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	6.86B
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	1.10x
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	2.88x
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	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

Line item	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	4.36B
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%	-
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	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%	9.82%
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	1.10x
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%

NSC SEC Filings & Documents

Norfolk Southern Corporation (NSC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 24, 2026·SEC

Material company update

Apr 2, 2026·SEC

Material company update

Jan 29, 2026·SEC

10-K Annual Reports

FY 2026

Feb 9, 2026·SEC

10-Q Quarterly Reports

FY 2026

Apr 24, 2026·SEC

FY 2025

Oct 23, 2025·SEC

FY 2025

Jul 29, 2025·SEC

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 1.70%. 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.

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