NSC

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Norfolk Southern Corp.

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Key Metrics

Previous Close: $345.71
52-Week Range: $268.23 – $358.60
Market Cap: $77.85B
P/E (TTM): 29.58
EPS (TTM): 11.72
Dividend Yield: 1.56%

Advanced Metrics

Price/Book: 4.79
PEG Ratio: 4.58
Return on Equity: 16.98%
Return on Assets: 5.95%
Gross Margin: 45.16%
Operating Margin: 35.30%
Profit Margin: 21.02%
Current Ratio: 0.83
Debt/Equity: 1.06
Total Debt: $17.15B
Free Cash Flow: $1.38B
Revenue Growth: 11.40%
Earnings Growth: -4.40%
Enterprise Value: $93.93B

NSC Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$12.74B	$12.16B	$12.12B	$12.18B
Cost of Revenue	$7.51B	$7.72B	$7.58B	$7.75B
Gross Profit	$5.24B	$4.43B	$4.54B	$4.43B
Selling, General & Admin	-$126.00M	-$117.00M	-$61.00M	-$86.00M
Operating Expenses	$34.00M	$109.00M	-$334.00M	-$144.00M
Operating Income	$5.21B	$4.33B	$4.88B	$4.57B
EBITDA	$6.04B	$4.34B	$5.49B	$5.85B
Pretax Income	$4.13B	$2.32B	$3.33B	$3.67B
Income Tax	$860.00M	$493.00M	$707.00M	$792.00M
Net Income	$3.27B	$1.83B	$2.62B	$2.87B
Diluted EPS	13.88	8.02	11.57	12.75
Diluted Shares	235.60M	227.40M	226.40M	225.00M

NSC Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$456.00M	$1.57B	$1.64B	$1.53B
Receivables	$1.15B	$1.15B	$1.07B	$988.00M
Inventory	$253.00M	$264.00M	$277.00M	$271.00M
Current Assets	$2.01B	$3.27B	$3.19B	$3.20B
Total Assets	$38.88B	$41.65B	$43.68B	$45.24B
Current Liabilities	$2.65B	$2.63B	$3.54B	$3.77B
Long-Term Debt	$14.48B	$17.18B	$16.65B	$16.48B
Total Debt	$15.59B	$17.57B	$17.48B	$17.30B
Total Liabilities	$26.15B	$28.87B	$29.38B	$29.69B
Retained Earnings	$10.70B	$10.70B	$12.09B	$13.23B
Shareholders' Equity	$12.73B	$12.78B	$14.31B	$15.55B
Working Capital	-$642.00M	$639.00M	-$357.00M	-$577.00M
Net Debt	$14.73B	$15.61B	$15.56B	$15.56B

NSC Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$4.22B	$3.18B	$4.05B	$4.36B
Capital Expenditure	-$1.95B	-$2.33B	-$2.38B	-$2.20B
Free Cash Flow	$2.27B	$852.00M	$1.67B	$2.16B
Depreciation & Amortisation	$1.22B	$1.30B	$1.35B	$1.39B
Investing Cash Flow	-$1.60B	-$2.18B	-$2.78B	-$2.56B
Financing Cash Flow	-$3.00B	$115.00M	-$1.20B	-$1.91B
Dividends Paid	-$1.17B	-$1.23B	-$1.22B	-$1.22B
Share Repurchases	-$3.11B	-$622.00M	$0.00	-$534.00M
Net Change in Cash	-$383.00M	$1.11B	$73.00M	-$111.00M

NSC Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$3.11B	$3.10B	$2.97B	$3.00B	$3.46B
Cost of Revenue	$1.88B	$1.95B	$2.00B	$1.96B	$2.17B
Gross Profit	$1.24B	$1.16B	$969.00M	$1.03B	$1.29B
Operating Expenses	$4.00M	-$32.00M	-$189.00M	$42.00M	$29.00M
Operating Income	$1.23B	$1.19B	$1.16B	$992.00M	$1.27B
EBITDA	$1.54B	$1.47B	$1.31B	$1.26B	$1.51B
Pretax Income	$998.00M	$924.00M	$765.00M	$715.00M	$959.00M
Income Tax	$230.00M	$213.00M	$121.00M	$168.00M	$225.00M
Net Income	$768.00M	$711.00M	$644.00M	$547.00M	$734.00M
Diluted EPS	3.41	3.16	2.87	2.43	3.26
Diluted Shares	225.20M	224.70M	224.80M	225.00M	225.00M

NSC Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$1.30B	$1.42B	$1.53B	$1.34B	$1.07B
Receivables	$1.12B	$1.10B	$988.00M	$1.12B	$1.18B
Inventory	$313.00M	$297.00M	$271.00M	$312.00M	$327.00M
Current Assets	$2.91B	$3.04B	$3.20B	$3.02B	$2.80B
Total Assets	$44.16B	$44.58B	$45.24B	$45.11B	$45.12B
Current Liabilities	$3.67B	$3.52B	$3.77B	$3.33B	$3.37B
Long-Term Debt	$16.46B	$16.48B	$16.48B	$16.49B	$15.97B
Total Debt	$17.37B	$17.08B	$17.30B	$17.10B	$16.62B
Total Liabilities	$29.37B	$29.44B	$29.69B	$29.31B	$28.87B
Retained Earnings	$12.56B	$12.89B	$13.23B	$13.48B	$13.91B
Shareholders' Equity	$14.79B	$15.14B	$15.55B	$15.80B	$16.25B
Working Capital	-$760.00M	-$488.00M	-$577.00M	-$311.00M	-$569.00M
Net Debt	$16.06B	$15.66B	$15.56B	$15.76B	$15.55B

NSC Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$1.08B	$1.27B	$1.06B	$344.00M	$1.05B
Capital Expenditure	-$475.00M	-$551.00M	-$729.00M	-$382.00M	-$439.00M
Free Cash Flow	$602.00M	$720.00M	$334.00M	-$38.00M	$615.00M
Depreciation & Amortisation	$346.00M	$348.00M	$353.00M	$352.00M	$358.00M
Investing Cash Flow	-$414.00M	-$483.00M	-$644.00M	-$213.00M	-$416.00M
Financing Cash Flow	-$366.00M	-$673.00M	-$307.00M	-$320.00M	-$910.00M
Dividends Paid	-$303.00M	-$303.00M	-$303.00M	-$303.00M	-$303.00M
Share Repurchases	-$207.00M	-$70.00M	$0.00	-$16.00M	-$1.00M
Net Change in Cash	$297.00M	$115.00M	$112.00M	-$189.00M	-$272.00M

Market Snapshot

About

Norfolk Southern Corp. is a Class I railroad operating an extensive rail network across 22 states in the Eastern United States. The company transports a diverse mix of freight including intermodal containers, coal, agriculture products, chemicals, and automotive goods. Norfolk Southern connects major Eastern ports, manufacturing centers, and distribution hubs with efficient rail service.