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Norfolk Southern

NYSE: NSC · USD

Norfolk Southern financials

6 charts

Revenue

USD millions

$3,465M
Norfolk Southern Revenue. Quarterly values and changes versus the preceding comparable period. Missing values are unavailable.
PeriodRevenue
FY 2009 Q3$2,063M; Change unavailable vs FY 2009 Q2
FY 2009 Q4$2,106M; +2.1% vs FY 2009 Q3
FY 2010 Q1$2,238M; +6.3% vs FY 2009 Q4
FY 2010 Q2$2,430M; +8.6% vs FY 2010 Q1
FY 2010 Q3$2,456M; +1.1% vs FY 2010 Q2
FY 2010 Q4$2,392M; −2.6% vs FY 2010 Q3
FY 2011 Q1$2,620M; +9.5% vs FY 2010 Q4
FY 2011 Q2$2,866M; +9.4% vs FY 2011 Q1
FY 2011 Q3$2,889M; +0.8% vs FY 2011 Q2
FY 2011 Q4$2,797M; −3.2% vs FY 2011 Q3
FY 2012 Q1$2,789M; −0.3% vs FY 2011 Q4
FY 2012 Q2$2,874M; +3.0% vs FY 2012 Q1
FY 2012 Q3$2,693M; −6.3% vs FY 2012 Q2
FY 2012 Q4$2,684M; −0.3% vs FY 2012 Q3
FY 2013 Q1$2,738M; +2.0% vs FY 2012 Q4
FY 2013 Q2$2,802M; +2.3% vs FY 2013 Q1
FY 2013 Q3$2,824M; +0.8% vs FY 2013 Q2
FY 2013 Q4$2,881M; +2.0% vs FY 2013 Q3
FY 2014 Q1$2,689M; −6.7% vs FY 2013 Q4
FY 2014 Q2$3,042M; +13.1% vs FY 2014 Q1
FY 2014 Q3$3,023M; −0.6% vs FY 2014 Q2
FY 2014 Q4$2,870M; −5.1% vs FY 2014 Q3
FY 2015 Q1$2,567M; −10.6% vs FY 2014 Q4
FY 2015 Q2$2,713M; +5.7% vs FY 2015 Q1
FY 2015 Q3$2,713M; 0.0% vs FY 2015 Q2
FY 2015 Q4$2,518M; −7.2% vs FY 2015 Q3
FY 2016 Q1$2,420M; −3.9% vs FY 2015 Q4
FY 2016 Q2$2,454M; +1.4% vs FY 2016 Q1
FY 2016 Q3$2,524M; +2.9% vs FY 2016 Q2
FY 2016 Q4$2,490M; −1.3% vs FY 2016 Q3
FY 2017 Q1$2,575M; +3.4% vs FY 2016 Q4
FY 2017 Q2$2,637M; +2.4% vs FY 2017 Q1
FY 2017 Q3$2,670M; +1.3% vs FY 2017 Q2
FY 2017 Q4$2,669M; 0.0% vs FY 2017 Q3
FY 2018 Q1$2,717M; +1.8% vs FY 2017 Q4
FY 2018 Q2$2,898M; +6.7% vs FY 2018 Q1
FY 2018 Q3$2,947M; +1.7% vs FY 2018 Q2
FY 2018 Q4$2,896M; −1.7% vs FY 2018 Q3
FY 2019 Q1$2,840M; −1.9% vs FY 2018 Q4
FY 2019 Q2$2,925M; +3.0% vs FY 2019 Q1
FY 2019 Q3$2,841M; −2.9% vs FY 2019 Q2
FY 2019 Q4$2,690M; −5.3% vs FY 2019 Q3
FY 2020 Q1$2,625M; −2.4% vs FY 2019 Q4
FY 2020 Q2$2,085M; −20.6% vs FY 2020 Q1
FY 2020 Q3$2,506M; +20.2% vs FY 2020 Q2
FY 2020 Q4$2,573M; +2.7% vs FY 2020 Q3
FY 2021 Q1$2,639M; +2.6% vs FY 2020 Q4
FY 2021 Q2$2,799M; +6.1% vs FY 2021 Q1
FY 2021 Q3$2,852M; +1.9% vs FY 2021 Q2
FY 2021 Q4$2,852M; 0.0% vs FY 2021 Q3
FY 2022 Q1$2,915M; +2.2% vs FY 2021 Q4
FY 2022 Q2$3,250M; +11.5% vs FY 2022 Q1
FY 2022 Q3$3,343M; +2.9% vs FY 2022 Q2
FY 2022 Q4$3,237M; −3.2% vs FY 2022 Q3
FY 2023 Q1$3,132M; −3.2% vs FY 2022 Q4
FY 2023 Q2$2,980M; −4.9% vs FY 2023 Q1
FY 2023 Q3$2,971M; −0.3% vs FY 2023 Q2
FY 2023 Q4$3,073M; +3.4% vs FY 2023 Q3
FY 2024 Q1$3,004M; −2.2% vs FY 2023 Q4
FY 2024 Q2$3,044M; +1.3% vs FY 2024 Q1
FY 2024 Q3$3,051M; +0.2% vs FY 2024 Q2
FY 2024 Q4$3,024M; −0.9% vs FY 2024 Q3
FY 2025 Q1$2,993M; −1.0% vs FY 2024 Q4
FY 2025 Q2$3,110M; +3.9% vs FY 2025 Q1
FY 2025 Q3$3,103M; −0.2% vs FY 2025 Q2
FY 2025 Q4$2,974M; −4.2% vs FY 2025 Q3
FY 2026 Q1$2,998M; +0.8% vs FY 2025 Q4
FY 2026 Q2$3,465M; +15.6% vs FY 2026 Q1
Sep 30, 2009 through Sep 25, 2026

Free cash flow

USD millions

$615M
Norfolk Southern Free cash flow. Quarterly values and changes versus the preceding comparable period. Missing values are unavailable.
PeriodFree cash flow
FY 2009 Q3$379M; Change unavailable vs FY 2009 Q2
FY 2009 Q4$105M; −72.3% vs FY 2009 Q3
FY 2010 Q1$502M; +378.1% vs FY 2009 Q4
FY 2010 Q2$311M; −38.0% vs FY 2010 Q1
FY 2010 Q3$408M; +31.2% vs FY 2010 Q2
FY 2010 Q4$23M; −94.4% vs FY 2010 Q3
FY 2011 Q1$229M; +895.7% vs FY 2010 Q4
FY 2011 Q2$583M; +154.6% vs FY 2011 Q1
FY 2011 Q3$519M; −11.0% vs FY 2011 Q2
FY 2011 Q4$-264M; −150.9% vs FY 2011 Q3
FY 2012 Q1$574M; +317.4% vs FY 2011 Q4
FY 2012 Q2$121M; −78.9% vs FY 2012 Q1
FY 2012 Q3$259M; +114.0% vs FY 2012 Q2
FY 2012 Q4$-130M; −150.2% vs FY 2012 Q3
FY 2013 Q1$344M; +364.6% vs FY 2012 Q4
FY 2013 Q2$278M; −19.2% vs FY 2013 Q1
FY 2013 Q3$312M; +12.2% vs FY 2013 Q2
FY 2013 Q4$173M; −44.6% vs FY 2013 Q3
FY 2014 Q1$207M; +19.7% vs FY 2013 Q4
FY 2014 Q2$421M; +103.4% vs FY 2014 Q1
FY 2014 Q3$339M; −19.5% vs FY 2014 Q2
FY 2014 Q4$-233M; −168.7% vs FY 2014 Q3
FY 2015 Q1$213M; +191.4% vs FY 2014 Q4
FY 2015 Q2$374M; +75.6% vs FY 2015 Q1
FY 2015 Q3$-185M; −149.5% vs FY 2015 Q2
FY 2015 Q4$90M; +148.6% vs FY 2015 Q3
FY 2016 Q1$481M; +434.4% vs FY 2015 Q4
FY 2016 Q2$19M; −96.0% vs FY 2016 Q1
FY 2016 Q3$508M; +2573.7% vs FY 2016 Q2
FY 2016 Q4$139M; −72.6% vs FY 2016 Q3
FY 2017 Q1$408M; +193.5% vs FY 2016 Q4
FY 2017 Q2$285M; −30.1% vs FY 2017 Q1
FY 2017 Q3$457M; +60.4% vs FY 2017 Q2
FY 2017 Q4$380M; −16.8% vs FY 2017 Q3
FY 2018 Q1$433M; +13.9% vs FY 2017 Q4
FY 2018 Q2$557M; +28.6% vs FY 2018 Q1
FY 2018 Q3$568M; +2.0% vs FY 2018 Q2
FY 2018 Q4$217M; −61.8% vs FY 2018 Q3
FY 2019 Q1$414M; +90.8% vs FY 2018 Q4
FY 2019 Q2$559M; +35.0% vs FY 2019 Q1
FY 2019 Q3$530M; −5.2% vs FY 2019 Q2
FY 2019 Q4$370M; −30.2% vs FY 2019 Q3
FY 2020 Q1$589M; +59.2% vs FY 2019 Q4
FY 2020 Q2$434M; −26.3% vs FY 2020 Q1
FY 2020 Q3$691M; +59.2% vs FY 2020 Q2
FY 2020 Q4$429M; −37.9% vs FY 2020 Q3
FY 2021 Q1$750M; +74.8% vs FY 2020 Q4
FY 2021 Q2$720M; −4.0% vs FY 2021 Q1
FY 2021 Q3$818M; +13.6% vs FY 2021 Q2
FY 2021 Q4$497M; −39.2% vs FY 2021 Q3
FY 2022 Q1$605M; +21.7% vs FY 2021 Q4
FY 2022 Q2$569M; −6.0% vs FY 2022 Q1
FY 2022 Q3$968M; +70.1% vs FY 2022 Q2
FY 2022 Q4$132M; −86.4% vs FY 2022 Q3
FY 2023 Q1$745M; +464.4% vs FY 2022 Q4
FY 2023 Q2$153M; −79.5% vs FY 2023 Q1
FY 2023 Q3$112M; −26.8% vs FY 2023 Q2
FY 2023 Q4$-180M; −260.7% vs FY 2023 Q3
FY 2024 Q1$282M; +256.7% vs FY 2023 Q4
FY 2024 Q2$468M; +66.0% vs FY 2024 Q1
FY 2024 Q3$645M; +37.8% vs FY 2024 Q2
FY 2024 Q4$276M; −57.2% vs FY 2024 Q3
FY 2025 Q1$501M; +81.5% vs FY 2024 Q4
FY 2025 Q2$602M; +20.2% vs FY 2025 Q1
FY 2025 Q3$720M; +19.6% vs FY 2025 Q2
FY 2025 Q4$334M; −53.6% vs FY 2025 Q3
FY 2026 Q1$-38M; −111.4% vs FY 2025 Q4
FY 2026 Q2$615M; +1718.4% vs FY 2026 Q1

Net margin

%

21.18%
Norfolk Southern Net margin. Reported fiscal history.
Fiscal period%
FY 2009 Q314.69%
FY 2009 Q414.58%
FY 2010 Q111.48%
FY 2010 Q216.13%
FY 2010 Q318.12%
FY 2010 Q416.81%
FY 2011 Q112.4%
FY 2011 Q219.43%
FY 2011 Q319.18%
FY 2011 Q417.16%
FY 2012 Q114.7%
FY 2012 Q218.23%
FY 2012 Q314.93%
FY 2012 Q415.39%
FY 2013 Q116.44%
FY 2013 Q216.6%
FY 2013 Q317.07%
FY 2013 Q417.81%
FY 2014 Q113.69%
FY 2014 Q218.47%
FY 2014 Q318.49%
FY 2014 Q417.8%
FY 2015 Q112.08%
FY 2015 Q215.96%
FY 2015 Q316.66%
FY 2015 Q414.34%
FY 2016 Q115.99%
FY 2016 Q216.5%
FY 2016 Q318.23%
FY 2016 Q416.71%
FY 2017 Q116.82%
FY 2017 Q218.85%
FY 2017 Q318.95%
FY 2017 Q4148.67%
FY 2018 Q120.32%
FY 2018 Q224.5%
FY 2018 Q323.82%
FY 2018 Q424.24%
FY 2019 Q123.84%
FY 2019 Q224.68%
FY 2019 Q323.13%
FY 2019 Q424.76%
FY 2020 Q114.51%
FY 2020 Q218.8%
FY 2020 Q322.71%
FY 2020 Q426.08%
FY 2021 Q125.5%
FY 2021 Q229.26%
FY 2021 Q326.4%
FY 2021 Q426.65%
FY 2022 Q124.12%
FY 2022 Q225.2%
FY 2022 Q328.66%
FY 2022 Q424.41%
FY 2023 Q114.88%
FY 2023 Q211.95%
FY 2023 Q316.09%
FY 2023 Q417.15%
FY 2024 Q11.76%
FY 2024 Q224.21%
FY 2024 Q336.02%
FY 2024 Q424.24%
FY 2025 Q125.06%
FY 2025 Q224.69%
FY 2025 Q322.91%
FY 2025 Q421.65%
FY 2026 Q118.25%
FY 2026 Q221.18%

P/E

× · TTM · Daily

26.75×
Norfolk Southern P/E. Monthly closing observations; inspect daily values with the chart arrow keys.
Close date× · TTM · DailyFinancials through
2011-02-2816.12×2010-12-31
2011-03-3117.03×2010-12-31
2011-04-2918.36×2010-12-31
2011-05-3116.98×2011-03-31
2011-06-3017.36×2011-03-31
2011-07-2917.54×2011-03-31
2011-08-3115.68×2011-03-31
2011-09-3014.14×2011-03-31
2011-10-3117.14×2011-03-31
2011-11-3017.5×2011-03-31
2011-12-3016.88×2011-03-31
2012-01-3116.73×2011-03-31
2012-02-2915.96×2011-03-31
2012-03-3015.25×2011-03-31
2012-04-3016.9×2011-03-31
2012-05-3115.18×2011-03-31
2012-06-2916.63×2011-03-31
2012-07-3117.16×2011-03-31
2012-08-3116.79×2011-03-31
2012-09-2814.74×2011-03-31
2012-10-3114.21×2011-03-31
2012-11-3013.99×2011-03-31
2012-12-3114.33×2011-03-31
2013-01-3115.96×2011-03-31
2013-02-2816.92×2011-03-31
2013-03-2817.86×2011-03-31
2013-04-3017.94×2011-03-31
2013-05-3117.74×2011-03-31
2013-06-2816.83×2011-03-31
2013-07-3116.95×2011-03-31
2013-08-3016.72×2011-03-31
2013-09-3017.92×2011-03-31
2013-10-3119.93×2011-03-31
2013-11-2920.32×2011-03-31
2013-12-3121.51×2011-03-31
2014-01-3121.45×2011-03-31
2014-02-2821.29×2011-03-31
2014-03-3122.51×2011-03-31
2014-04-3021.9×2011-03-31
2014-05-3023.34×2011-03-31
2014-06-3023.87×2011-03-31
2014-07-3123.55×2011-03-31
2014-08-2924.79×2011-03-31
2014-09-3025.86×2011-03-31
2014-10-3125.63×2011-03-31
2014-11-2825.87×2011-03-31
2014-12-3125.39×2011-03-31
2015-01-3023.62×2011-03-31
2015-02-2725.29×2011-03-31
2015-03-3123.84×2011-03-31
2015-04-3023.37×2011-03-31
2015-05-2921.31×2011-03-31
2015-06-3020.24×2011-03-31
2015-07-3119.54×2011-03-31
2015-08-3118.05×2011-03-31
2015-09-3017.7×2011-03-31
2015-10-3018.54×2011-03-31
2015-11-3022.02×2011-03-31
2015-12-3119.6×2011-03-31
2016-01-2916.33×2011-03-31
2016-02-2916.95×2011-03-31
2016-03-3119.29×2011-03-31
2016-04-2920.88×2011-03-31
2016-05-3119.48×2011-03-31
2016-06-3019.72×2011-03-31
2016-07-2920.8×2011-03-31
2016-08-3121.76×2011-03-31
2016-09-3022.49×2011-03-31
2016-10-3121.55×2011-03-31
2016-11-3024.67×2011-03-31
2016-12-3025.04×2011-03-31
2017-01-3127.21×2011-03-31
2017-02-28—2015-09-30
2017-03-31—2015-09-30
2017-04-28—2015-09-30
2017-05-31—2015-09-30
2017-06-30—2015-09-30
2017-07-31—2015-09-30
2017-08-31—2015-09-30
2017-09-29—2015-09-30
2017-10-31—2015-09-30
2017-11-30—2015-09-30
2017-12-29—2015-09-30
2018-01-31—2015-09-30
2018-02-2825.51×2016-09-30
2018-03-2924.9×2016-09-30
2018-04-3026.31×2016-09-30
2018-05-3127.81×2016-09-30
2018-06-2927.67×2016-09-30
2018-07-3130.99×2016-09-30
2018-08-3131.88×2016-09-30
2018-09-2833.1×2016-09-30
2018-10-3130.78×2016-09-30
2018-11-3031.31×2016-09-30
2018-12-3127.42×2016-09-30
2019-01-3130.76×2016-09-30
2019-02-2828.07×2017-09-30
2019-03-2929.26×2017-09-30
2019-04-3031.94×2017-09-30
2019-05-3130.55×2017-09-30
2019-06-2831.21×2017-09-30
2019-07-3129.92×2017-09-30
2019-08-3027.25×2017-09-30
2019-09-3028.13×2017-09-30
2019-10-3128.5×2017-09-30
2019-11-2930.3×2017-09-30
2019-12-3130.4×2017-09-30
2020-01-3132.6×2017-09-30
2020-02-2817.57×2019-12-31
2020-03-3114.06×2019-12-31
2020-04-3018.28×2020-03-31
2020-05-2919.04×2020-03-31
2020-06-3018.75×2020-03-31
2020-07-3123.56×2020-06-30
2020-08-3126.05×2020-06-30
2020-09-3026.23×2020-06-30
2020-10-3026.71×2020-09-30
2020-11-3030.27×2020-09-30
2020-12-3130.35×2020-09-30
2021-01-2930.22×2020-09-30
2021-02-2631.95×2020-12-31
2021-03-3134.04×2020-12-31
2021-04-3030.64×2021-03-31
2021-05-2830.82×2021-03-31
2021-06-3029.12×2021-03-31
2021-07-3023.62×2021-06-30
2021-08-3123.23×2021-06-30
2021-09-3021.92×2021-06-30
2021-10-2924.78×2021-09-30
2021-11-3022.43×2021-09-30
2021-12-3125.17×2021-09-30
2022-01-3123×2021-09-30
2022-02-2821.69×2021-09-30
2022-03-3124.12×2021-09-30
2022-04-2920.42×2022-03-31
2022-05-3118.97×2022-03-31
2022-06-3017.99×2022-03-31
2022-07-2919.67×2022-06-30
2022-08-3119.04×2022-06-30
2022-09-3016.42×2022-06-30
2022-10-3116.48×2022-09-30
2022-11-3018.53×2022-09-30
2022-12-3017.8×2022-09-30
2023-01-3117.76×2022-09-30
2023-02-2815.88×2022-12-31
2023-03-3114.98×2022-12-31
2023-04-2815.3×2023-03-31
2023-05-3115.69×2023-03-31
2023-06-3017.09×2023-03-31
2023-07-3120.74×2023-06-30
2023-08-3118.2×2023-06-30
2023-09-2917.48×2023-06-30
2023-10-3120.75×2023-09-30
2023-11-3023.73×2023-09-30
2023-12-2925.71×2023-09-30
2024-01-3125.59×2023-09-30
2024-02-2931.42×2023-12-31
2024-03-2831.61×2023-12-31
2024-04-3036.92×2024-03-31
2024-05-3136.04×2024-03-31
2024-06-2834.42×2024-03-31
2024-07-3131.55×2024-06-30
2024-08-3032.38×2024-06-30
2024-09-3031.41×2024-06-30
2024-10-3123.51×2024-09-30
2024-11-2925.89×2024-09-30
2024-12-3122.03×2024-09-30
2025-01-3123.96×2024-09-30
2025-02-2821.27×2024-12-31
2025-03-3120.5×2024-12-31
2025-04-3015.3×2025-03-31
2025-05-3016.88×2025-03-31
2025-06-3017.48×2025-03-31
2025-07-3118.7×2025-06-30
2025-08-2918.84×2025-06-30
2025-09-3020.21×2025-06-30
2025-10-3121.52×2025-09-30
2025-11-2822.18×2025-09-30
2025-12-3121.92×2025-09-30
2026-01-3022.12×2025-09-30
2026-02-2724.64×2025-12-31
2026-03-3122.47×2025-12-31
2026-04-3026.64×2026-03-31
2026-05-2925.73×2026-03-31
2026-06-3026.54×2026-03-31
2026-07-3128.67×2026-06-30
2026-08-3129.29×2026-06-30
2026-09-2526.75×2026-06-30
Mean 22.61×Median 21.87×22% above median

ROIC

% · Annual / TTM

10.1%
Norfolk Southern ROIC. Reported fiscal history.
Fiscal period% · Annual / TTM
FY 2009 Q3—
FY 2009 Q4—
FY 2010 Q1—
FY 2010 Q2—
FY 2010 Q3—
FY 2010 Q4—
FY 2011 Q1—
FY 2011 Q2—
FY 2011 Q3—
FY 2011 Q412.39%
FY 2012 Q1—
FY 2012 Q2—
FY 2012 Q3—
FY 2012 Q411.33%
FY 2013 Q1—
FY 2013 Q2—
FY 2013 Q3—
FY 2013 Q411.32%
FY 2014 Q111.18%
FY 2014 Q211.68%
FY 2014 Q311.95%
FY 2014 Q411.48%
FY 2015 Q111.07%
FY 2015 Q210.37%
FY 2015 Q39.6%
FY 2015 Q48.83%
FY 2016 Q19.23%
FY 2016 Q29.08%
FY 2016 Q39.05%
FY 2016 Q49.27%
FY 2017 Q19.48%
FY 2017 Q29.7%
FY 2017 Q39.89%
FY 2017 Q4—
FY 2018 Q1—
FY 2018 Q2—
FY 2018 Q3—
FY 2018 Q411.78%
FY 2019 Q112.13%
FY 2019 Q212.18%
FY 2019 Q312%
FY 2019 Q411.75%
FY 2020 Q110.76%
FY 2020 Q29.43%
FY 2020 Q39.08%
FY 2020 Q48.99%
FY 2021 Q110.18%
FY 2021 Q211.86%
FY 2021 Q312.7%
FY 2021 Q413%
FY 2022 Q113.18%
FY 2022 Q213.25%
FY 2022 Q314.23%
FY 2022 Q414.08%
FY 2023 Q113.1%
FY 2023 Q211.14%
FY 2023 Q39.12%
FY 2023 Q48.04%
FY 2024 Q16.68%
FY 2024 Q28.16%
FY 2024 Q310.28%
FY 2024 Q411.01%
FY 2025 Q112.9%
FY 2025 Q212.85%
FY 2025 Q311.58%
FY 2025 Q411.2%
FY 2026 Q110.3%
FY 2026 Q210.1%

Capital allocation

% of tracked cash uses

$742M
Norfolk Southern capital allocation. Quarterly values. Missing values are unavailable.
PeriodCapexAcquisitionsBuybacksDividendsDebt repaymentsTracked uses
FY 2009 Q370.88% · $353MUnavailable0% · $0M24.9% · $124M4.22% · $21M100% · $498M
FY 2009 Q473.36% · $380MUnavailable0% · $0M24.32% · $126M2.32% · $12M100% · $518M
FY 2010 Q150.2% · $256MUnavailable0% · $0M24.71% · $126M25.1% · $128M100% · $510M
FY 2010 Q235.05% · $313MUnavailable12.77% · $114M14.11% · $126M38.07% · $340M100% · $893M
FY 2010 Q342.14% · $338MUnavailable40.27% · $323M16.46% · $132M1.12% · $9M100% · $802M
FY 2010 Q449.78% · $563MUnavailable37.67% · $426M11.49% · $130M1.06% · $12M100% · $1,131M
FY 2011 Q132.14% · $423MUnavailable26.06% · $343M10.79% · $142M31% · $408M100% · $1,316M
FY 2011 Q242.86% · $465MUnavailable41.38% · $449M13% · $141M2.76% · $30M100% · $1,085M
FY 2011 Q336.02% · $545MUnavailable54.13% · $819M9.85% · $149MUnavailable100% · $1,513M
FY 2011 Q455.45% · $727MUnavailable33.56% · $440M10.98% · $144MUnavailable100% · $1,311M
FY 2012 Q145.37% · $461MUnavailable39.37% · $400M15.26% · $155MUnavailable100% · $1,016M
FY 2012 Q245.68% · $507MUnavailable40.54% · $450M13.78% · $153MUnavailable100% · $1,110M
FY 2012 Q354.69% · $554MUnavailable29.62% · $300M15.7% · $159MUnavailable100% · $1,013M
FY 2012 Q470.91% · $719MUnavailable13.61% · $138M15.48% · $157MUnavailable100% · $1,014M
FY 2013 Q166.61% · $379MUnavailable5.8% · $33M27.59% · $157MUnavailable100% · $569M
FY 2013 Q253.5% · $505MUnavailable29.77% · $281M16.74% · $158MUnavailable100% · $944M
FY 2013 Q358.78% · $586MUnavailable25.08% · $250M16.15% · $161MUnavailable100% · $997M
FY 2013 Q469.1% · $501MUnavailable8.69% · $63M22.21% · $161MUnavailable100% · $725M
FY 2014 Q163.71% · $381MUnavailable8.36% · $50M27.93% · $167MUnavailable100% · $598M
FY 2014 Q266.25% · $428MUnavailable7.74% · $50M26.01% · $168MUnavailable100% · $646M
FY 2014 Q370.2% · $570MUnavailable8.13% · $66M21.67% · $176MUnavailable100% · $812M
FY 2014 Q469.26% · $739MUnavailable14.25% · $152M16.49% · $176MUnavailable100% · $1,067M
FY 2015 Q139.68% · $392MUnavailable42% · $415M18.32% · $181MUnavailable100% · $988M
FY 2015 Q248.29% · $494MUnavailable34.21% · $350M17.5% · $179MUnavailable100% · $1,023M
FY 2015 Q368.54% · $891MUnavailable17.85% · $232M13.62% · $177MUnavailable100% · $1,300M
FY 2015 Q470.53% · $608MUnavailable9.05% · $78M20.42% · $176MUnavailable100% · $862M
FY 2016 Q151.42% · $398MUnavailable25.84% · $200M22.74% · $176MUnavailable100% · $774M
FY 2016 Q258.81% · $534MUnavailable22.03% · $200M19.16% · $174MUnavailable100% · $908M
FY 2016 Q349.73% · $372MUnavailable27.14% · $203M23.13% · $173MUnavailable100% · $748M
FY 2016 Q461.05% · $583MUnavailable20.94% · $200M18.01% · $172MUnavailable100% · $955M
FY 2017 Q153.74% · $438MUnavailable24.54% · $200M21.72% · $177MUnavailable100% · $815M
FY 2017 Q254% · $445MUnavailable24.51% · $202M21.48% · $177MUnavailable100% · $824M
FY 2017 Q347.11% · $432MUnavailable33.81% · $310M19.08% · $175MUnavailable100% · $917M
FY 2017 Q446.26% · $408MUnavailable34.01% · $300M19.73% · $174MUnavailable100% · $882M
FY 2018 Q143.13% · $383MUnavailable33.78% · $300M23.09% · $205MUnavailable100% · $888M
FY 2018 Q242.9% · $453MUnavailable37.88% · $400M19.22% · $203MUnavailable100% · $1,056M
FY 2018 Q321.22% · $490MUnavailable69.29% · $1,600M9.48% · $219MUnavailable100% · $2,309M
FY 2018 Q447.24% · $625MUnavailable36.36% · $481M16.4% · $217MUnavailable100% · $1,323M
FY 2019 Q139.01% · $467MUnavailable41.77% · $500M19.21% · $230MUnavailable100% · $1,197M
FY 2019 Q239.69% · $512MUnavailable42.64% · $550M17.67% · $228MUnavailable100% · $1,290M
FY 2019 Q340.81% · $515MUnavailable39.62% · $500M19.57% · $247MUnavailable100% · $1,262M
FY 2019 Q439.83% · $525MUnavailable41.65% · $549M18.51% · $244MUnavailable100% · $1,318M
FY 2020 Q134.08% · $366MUnavailable43.39% · $466M22.53% · $242MUnavailable100% · $1,074M
FY 2020 Q245.44% · $369MUnavailable25% · $203M29.56% · $240MUnavailable100% · $812M
FY 2020 Q337.46% · $318MUnavailable34.28% · $291M28.27% · $240MUnavailable100% · $849M
FY 2020 Q438.08% · $441MUnavailable41.36% · $479M20.55% · $238MUnavailable100% · $1,158M
FY 2021 Q123.98% · $265MUnavailable53.48% · $591M22.53% · $249MUnavailable100% · $1,105M
FY 2021 Q223.46% · $362MUnavailable60.53% · $934M16.01% · $247MUnavailable100% · $1,543M
FY 2021 Q324.86% · $398MUnavailable58.4% · $935M16.74% · $268MUnavailable100% · $1,601M
FY 2021 Q427.15% · $445MUnavailable56.74% · $930M16.11% · $264MUnavailable100% · $1,639M
FY 2022 Q130.25% · $389MUnavailable46.66% · $600M23.09% · $297MUnavailable100% · $1,286M
FY 2022 Q228.07% · $448MUnavailable53.51% · $854M18.42% · $294MUnavailable100% · $1,596M
FY 2022 Q328.43% · $445MUnavailable53.04% · $830M18.53% · $290MUnavailable100% · $1,565M
FY 2022 Q437.46% · $666MUnavailable46.46% · $826M16.09% · $286MUnavailable100% · $1,778M
FY 2023 Q147.66% · $428MUnavailable18.15% · $163M34.19% · $307MUnavailable100% · $898M
FY 2023 Q253.72% · $520MUnavailable14.46% · $140M31.82% · $308MUnavailable100% · $968M
FY 2023 Q352.04% · $548MUnavailable18.99% · $200M28.96% · $305MUnavailable100% · $1,053M
FY 2023 Q466.8% · $853MUnavailable9.32% · $119M23.88% · $305MUnavailable100% · $1,277M
FY 2024 Q164.62% · $557MUnavailable0% · $0M35.38% · $305MUnavailable100% · $862M
FY 2024 Q265.06% · $568MUnavailable0% · $0M34.94% · $305MUnavailable100% · $873M
FY 2024 Q365.58% · $581MUnavailable0% · $0M34.42% · $305MUnavailable100% · $886M
FY 2024 Q468.81% · $675MUnavailable0% · $0M31.19% · $306MUnavailable100% · $981M
FY 2025 Q144.77% · $449MUnavailable24.73% · $248M30.51% · $306MUnavailable100% · $1,003M
FY 2025 Q248.17% · $475MUnavailable21.1% · $208M30.73% · $303MUnavailable100% · $986M
FY 2025 Q359.12% · $551MUnavailable8.37% · $78M32.51% · $303MUnavailable100% · $932M
FY 2025 Q470.64% · $729MUnavailable0% · $0M29.36% · $303MUnavailable100% · $1,032M
FY 2026 Q155.36% · $382MUnavailable0.72% · $5M43.91% · $303MUnavailable100% · $690M
FY 2026 Q259.16% · $439MUnavailable0% · $0M40.84% · $303MUnavailable100% · $742M

Tracked cash uses · SBC excluded

Sources and calculations

Company filings · USD · Last checked 2026-10-18. Missing inputs remain unavailable. Your chart selection and layout are saved in this browser for Norfolk Southern.

All charts share the selected dates. Quarterly/Yearly changes fiscal charts; valuation keeps completed daily closes on a published TTM basis. Later restatements can delay that basis. Historical mean, median and pricing labels use the selected range and do not estimate intrinsic fair value.

SBC deduction is an optional economic-cost scenario for FCF-based metrics. Missing SBC never becomes zero.

Revenue
Reported revenue from company filings.
Free cash flow
Operating cash flow − reported cash capital investment. PPE purchases are preferred; the productive-assets fallback also includes software and intangibles. Reflects the SBC option and can differ from issuer-defined FCF.
Net margin
Reported net income / revenue × 100.
P/E
Completed closing price × diluted shares / TTM earnings attributable to common shareholders.
ROIC
NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
Capital allocation
Reported cash uses as a percentage of tracked uses. Missing categories remain unavailable; SBC is noncash and excluded.
Reported revenue and sources