Norfolk Southern Corporation (NSC) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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NSC EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
NSC Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 42.4% | 32.9% | 23.6% |
| 2024 | 31.0% | 31.0% | 21.6% |
| 2023 | 23.1% | 23.1% | 15.0% |
| 2022 | 37.1% | 37.1% | 25.7% |
| 2021 | 39.2% | 39.2% | 27.0% |
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Norfolk Southern Corporation (NSC) Earnings Overview
As of May 8, 2026, Norfolk Southern Corporation (NSC) reported trailing twelve-month net income of $2.67B, reflecting +10.2% year-over-year growth. The company earned $12.75 per diluted share over the past four quarters, with a net profit margin of 23.6%.
Looking at the long-term picture, NSC's 5-year EPS compound annual growth rate (CAGR) stands at +10.2%, showing solid earnings momentum. The company achieved its highest annual net income of $5.40B in fiscal 2017.
Norfolk Southern Corporation maintains industry-leading profitability with a gross margin of 42.4%, operating margin of 32.9%, and net margin of 23.6%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including CSX ($3.05B net income, 20.5% margin), UNP ($5.51B net income, 29.1% margin), CP ($4.08B net income, 27.5% margin), NSC has outperformed on profitability metrics. Compare NSC vs CSX →
NSC Earnings vs Peers
Earnings metrics vs comparable public companies
NSC Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.87B | +9.6% | $4.01B | $12.75 | 23.6% | 32.9% |
| 2024 | $2.62B | +43.5% | $3.76B | $11.57 | 21.6% | 31.0% |
| 2023 | $1.83B | -44.1% | $2.81B | $8.02 | 15.0% | 23.1% |
| 2022 | $3.27B | +8.8% | $4.73B | $13.88 | 25.7% | 37.1% |
| 2021 | $3.00B | +49.3% | $4.37B | $12.11 | 27.0% | 39.2% |
| 2020 | $2.01B | -26.0% | $3.40B | $7.84 | 20.6% | 34.7% |
| 2019 | $2.72B | +2.1% | $3.89B | $10.25 | 24.1% | 34.5% |
| 2018 | $2.67B | -50.7% | $3.96B | $9.51 | 23.3% | 34.6% |
| 2017 | $5.40B | +224.0% | $3.52B | $18.61 | 51.2% | 33.4% |
| 2016 | $1.67B | +7.2% | $3.07B | $5.62 | 16.9% | 31.0% |
Full NSC Stock Analysis
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Start ComparisonNSC — Frequently Asked Questions
Quick answers to the most common questions about buying NSC stock.
Is NSC growing earnings?
NSC EPS stands at $12.75, with +10.2% growth matching the 5-year CAGR of +10.2%. TTM net income is $2.7B. Earnings trajectory remains consistent.
What are NSC's profit margins?
Norfolk Southern Corporation net margin is +23.6%, with operating margin at +32.9%. Above-average margins indicate pricing power.
How consistent are NSC's earnings?
NSC earnings data spans 1989-2025. The current earnings trend is +10.2% YoY. Historical data enables comparison across business cycles.