Norfolk Southern
NSC
313.20
-3.11
-0.98%
Norfolk Southern
US · NSC
#321 by market cap
Listed 1970
313.20
-3.11
-0.98%
Live - 5344 symbols - heartbeat 45s ago
· 2026-10-08 07:00
Pre-market
318.62
+1.73%
After-hours
313.20
0.00%
- Market cap
- 70.35B
- P/E (TTM)i
- 26.72
- P/Bi
- 4.33
- EPSi
- 12.75
- Div yieldi
- 1.72%
- 52W posi
- 47%
Reader sentiment
Are you bullish or bearish on NSC?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Fair
- Altman Z-Score is 2.42, in the 1.8-3.0 "grey zone".
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +0.47% YoY
Margins
- Gross margin
- 36.35%
- Operating margin
- 37.53%
- Net margin
- 23.56%
Key ratios & quality
- Enterprise valuei
- 85.97B
- Altman Z-Scorei
- 2.42
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11.46B | 11.30B | 9.79B | 11.14B | 12.75B | 12.16B | 12.12B | 12.18B |
| Gross profit | 4.25B | 4.40B | 3.77B | 4.74B | 5.24B | 4.44B | 4.54B | 4.43B |
| Selling & admin expenses | -61.00M | -63.00M | -91.00M | -102.00M | -126.00M | -117.00M | -61.00M | -86.00M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 4.20B | 4.25B | 3.66B | 4.71B | 5.21B | 4.33B | 4.88B | 4.57B |
| Pretax profit | 3.47B | 3.49B | 2.53B | 3.88B | 4.13B | 2.32B | 3.33B | 3.67B |
| Tax | 803.00M | 769.00M | 517.00M | 873.00M | 860.00M | 493.00M | 707.00M | 792.00M |
| Net profit | 2.67B | 2.72B | 2.01B | 3.01B | 3.27B | 1.83B | 2.62B | 2.87B |
| Basic EPS | 10 | 10 | 8 | 12 | 14 | 8 | 12 | 13 |
| Diluted EPS | 9.51 | 10.25 | 7.84 | 12.11 | 13.88 | 8.02 | 11.57 | 12.75 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 2.99B | 3.11B | 3.10B | 2.97B | 3.00B | 3.47B |
| Gross profit | 1.07B | 1.24B | 1.16B | 969.00M | 1.03B | 1.30B |
| Selling & admin expenses | -- | -- | -- | -- | -- | -- |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 1.03B | 1.23B | 1.19B | 1.16B | 992.00M | 1.27B |
| Pretax profit | 978.00M | 998.00M | 924.00M | 765.00M | 715.00M | 959.00M |
| Tax | 228.00M | 230.00M | 213.00M | 121.00M | 168.00M | 225.00M |
| Net profit | 750.00M | 768.00M | 711.00M | 644.00M | 547.00M | 734.00M |
| Basic EPS | 3 | 3 | 3 | 3 | 2 | 3 |
| Diluted EPS | 3.31 | 3.41 | 3.16 | 2.87 | 2.43 | 3.26 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 1.86B | 2.08B | 2.32B | 2.17B | 2.01B | 3.27B | 3.19B | 3.20B |
| Cash & ST investments | 358.00M | 580.00M | 1.12B | 839.00M | 456.00M | 1.57B | 1.64B | 1.53B |
| Inventory | 207.00M | 244.00M | 221.00M | 218.00M | 253.00M | 264.00M | 277.00M | 271.00M |
| Total assets | 36.24B | 37.92B | 37.96B | 38.49B | 38.89B | 41.65B | 43.68B | 45.24B |
| Total current liabilities | 2.59B | 2.30B | 2.16B | 2.52B | 2.65B | 2.63B | 3.55B | 3.78B |
| Short-term debt | 585.00M | 413.00M | 668.00M | 635.00M | 797.00M | 109.00M | 636.00M | 677.00M |
| Long-term debt | 10.56B | 11.88B | 12.10B | 13.29B | 14.48B | 17.18B | 16.65B | 16.48B |
| Total liabilities | 20,877,000,000.00 | 22,739,000,000.00 | 23,171,000,000.00 | 24,852,000,000.00 | 26,152,000,000.00 | 28,871,000,000.00 | 29,376,000,000.00 | 29,689,000,000.00 |
| Total equity | 15.36B | 15.18B | 14.79B | 13.64B | 12.73B | 12.78B | 14.31B | 15.55B |
| Retained earnings | 13.44B | 13.21B | 12.88B | 11.59B | 10.70B | 10.70B | 12.09B | 13.24B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 2.70B | 2.91B | 3.04B | 3.20B | 3.02B | 2.80B |
| Cash & ST investments | 1.01B | 1.30B | 1.42B | 1.53B | 1.34B | 1.07B |
| Inventory | 273.00M | 313.00M | 297.00M | 271.00M | 312.00M | 327.00M |
| Total assets | 43.80B | 44.16B | 44.58B | 45.24B | 45.11B | 45.12B |
| Total current liabilities | 3.45B | 3.67B | 3.52B | 3.78B | 3.34B | 3.37B |
| Short-term debt | 555.00M | 903.00M | 607.00M | 677.00M | 609.00M | 649.00M |
| Long-term debt | 16.66B | 16.46B | 16.48B | 16.48B | 16.49B | 15.97B |
| Total liabilities | 29,289,000,000.00 | 29,368,000,000.00 | 29,439,000,000.00 | 29,689,000,000.00 | 29,309,000,000.00 | 28,869,000,000.00 |
| Total equity | 14.51B | 14.79B | 15.14B | 15.55B | 15.80B | 16.25B |
| Retained earnings | 12.30B | 12.56B | 12.89B | 13.24B | 13.48B | 13.91B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 3.73B | 3.89B | 3.64B | 4.26B | 4.22B | 3.18B | 4.05B | 4.36B |
| Depreciation & amortization | 1.10B | 1.14B | 1.15B | 1.18B | 1.22B | 1.30B | 1.35B | 1.39B |
| Free cash flow | 1.78B | 1.87B | 2.14B | 2.79B | 2.27B | 852.00M | 1.67B | 2.16B |
| Dividends paid | -844.00M | -949.00M | -960.00M | -1.03B | -1.17B | -1.23B | -1.22B | -1.22B |
| Stock buybacks / issuance | -2.74B | -2.07B | -1.37B | -3.37B | -3.11B | -619.00M | 26.00M | -532.00M |
| Ending cash balance | 446.00M | 580.00M | 1.12B | 839.00M | 456.00M | 1.57B | 1.64B | 1.53B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 950.00M | 1.08B | 1.27B | 1.06B | 344.00M | 1.05B |
| Depreciation & amortization | 346.00M | 346.00M | 348.00M | 353.00M | 352.00M | 358.00M |
| Free cash flow | 501.00M | 602.00M | 720.00M | 334.00M | -38.00M | 615.00M |
| Dividends paid | -306.00M | -303.00M | -303.00M | -303.00M | -303.00M | -303.00M |
| Stock buybacks / issuance | -257.00M | -207.00M | -69.00M | 1.00M | -16.00M | -1.00M |
| Ending cash balance | 1.01B | 1.30B | 1.42B | 1.53B | 1.34B | 1.07B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 16.77 | 17.79 | 13.41 | 21.12 | 24.78 | 14.30 | 19.34 | 19.23 |
| ROA %i | 7.39 | 7.33 | 5.30 | 7.86 | 8.45 | 4.53 | 6.14 | 6.46 |
| ROIC %i | 11.72 | 11.72 | 8.98 | 12.56 | 13.58 | 8.15 | 10.48 | 10.80 |
| 5-year avg ROE %i | 19.45 | 19.65 | 19.81 | 21.33 | 18.77 | 18.28 | 18.59 | 19.75 |
| EBIT margin %i | 35.14 | 36.25 | 32.23 | 40.60 | 37.83 | 25.02 | 34.12 | 36.59 |
| FCF / sales %i | 15.49 | 16.58 | 21.89 | 25.00 | 17.84 | 6.83 | 13.78 | 17.71 |
| Current ratioi | 0.72 | 0.90 | 1.07 | 0.86 | 0.76 | 1.24 | 0.90 | 0.85 |
| Quick ratioi | 0.53 | 0.65 | 0.91 | 0.72 | 0.61 | 1.03 | 0.76 | 0.67 |
| Debt / assetsi | 30.75 | 33.58 | 34.55 | 37.03 | 40.10 | 42.19 | 40.01 | 38.25 |
| LT debt / equityi | 68.74 | 81.14 | 84.15 | 99.83 | 116.19 | 136.62 | 117.73 | 106.95 |
| Interest coveragei | 7.23 | 6.78 | 5.05 | 7.00 | 6.97 | 4.21 | 5.13 | 5.63 |
| Revenue CAGR (3Y) %i | 2.92 | 4.54 | -2.47 | -0.93 | 4.11 | 7.49 | 2.85 | -1.50 |
| Net income CAGR (3Y) %i | 19.66 | 17.73 | -28.05 | 4.07 | 6.30 | -3.18 | -4.44 | -4.22 |
| FCF CAGR (3Y) %i | 50.28 | 17.76 | 11.89 | 16.20 | 6.68 | -26.47 | -15.66 | -1.75 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 24.52 | 24.11 | 20.46 | 19.23 | 17.60 | 16.97 |
| ROA %i | 7.72 | 7.72 | 6.74 | 6.46 | 6.00 | 5.90 |
| ROIC %i | 12.74 | 12.65 | 11.31 | 10.80 | 10.17 | 9.99 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 41.96 | 42.15 | 37.81 | 36.59 | 34.40 | 33.09 |
| FCF / sales %i | 15.60 | 16.62 | 17.16 | 17.71 | 13.28 | 13.01 |
| Current ratioi | 0.78 | 0.79 | 0.86 | 0.85 | 0.91 | 0.83 |
| Quick ratioi | 0.65 | 0.66 | 0.72 | 0.67 | 0.74 | 0.67 |
| Debt / assetsi | 39.30 | 39.33 | 38.32 | 38.25 | 37.91 | 36.82 |
| LT debt / equityi | 114.81 | 111.34 | 108.82 | 106.95 | 104.35 | 98.24 |
| Interest coveragei | 6.31 | 6.40 | 5.81 | 5.63 | 5.31 | 5.28 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Diversified
- Intermodal is the largest reported line at 26.20% of revenue, across 6 reported segments.
- No single line clears half of revenue; Agriculture, forest and consumer products is next at 19.42%, spreading the business across more than one real driver.
Revenue breakdown most recent period
Business
Intermodal26.20%
Agriculture, forest and consumer products19.42%
Chemicals18.64%
Metals and construction13.85%
Coal12.24%
Automotive9.64%
Quote time 2026-10-08 07:00:15 · For reference only, not investment advice and not tailored to your situation.