Norfolk Southern Corporation NSC SPX
Industrials · Railroads · United States
Norfolk 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, beverages, and canned goods; chemicals, including sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; 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 operates an intermodal network. Norfolk Southern Corporation was incorporated in 1980 and is headquartered in Atlanta, Georgia.
READ MORE ›$304.96
+25.70% 1Y
Market & Price
Market Cap
$68.49B
Current Price
$304.96
High / Low (52W)
$325.68 / $240.79
Beta
1.29
Valuation
Stock P/E
25.71
Industry PE
28.38
Forward P/E
22.56
PEG Ratio
4.46
Book Value
$70.37
Price to Book
4.33
P/S
5.62
EV/EBITDA
15.18
Dividend Yield
1.77%
Profitability & Returns
ROCE
10.75%
ROE
17.61%
ROA
5.89%
Profit Margin
21.91%
Op Margin
32.26%
EPS (Latest Qtr)
$2.43
EPS (TTM)
$11.86
Balance Sheet & Liquidity
Debt/Equity
1.12
Quick Ratio
0.74
Current Ratio
0.91
Debt
$17.64B
Total Assets
$45.24B
Current Assets
$3.20B
Working Capital
$-577.00M
Ownership
Promoter Holding
0.07%
Chg in Prom Hold
-
FII / Inst Holding
78.08%
Chg in FII Hold
-0.01%
Financial Snapshot
Enterprise Value
$84.79B
Total Revenue (TTM)
$12.18B
EBITDA
$5.59B
Free Cash Flow
$1.30B
Operating Cash Flow
$3.76B
Shares Outstanding
224.59M
Gross Margin
45.85%
Payout Ratio
45.49%
Growth (CAGR)
Revenue 5Y
-1.50%
Profit 5Y
-4.22%
Revenue (YoY)
0.20%
Earnings (YoY)
-26.60%
PROS
- Excellent profit margin of 21.9%.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Revenue declined at -1.5% CAGR over 5 years.
- Earnings shrank at -4.2% CAGR over 5 years.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | NSC Norfolk Southern Corporation SPX | 304.96 | 25.71 | $68.49B | 1.77% | 10.75% | 17.61% | -1.50% | -4.22% |
| 2 | CAT Caterpillar Inc. SPX | 875.87 | 43.66 | $403.42B | 0.69% | 19.42% | 51.33% | 4.38% | 9.83% |
| 3 | GE GE Aerospace SPX | 323.76 | 40.17 | $338.27B | 0.58% | 11.89% | 45.43% | 16.32% | 195.89% |
| 4 | GEV GE Vernova Inc. SPXAI | 968.32 | 28.33 | $260.21B | 0.21% | 6.30% | 75.71% | 8.68% | 92.84% |
| 5 | RTX RTX Corporation SPX | 179.66 | 33.64 | $241.95B | 1.54% | 9.41% | 11.57% | 9.72% | 9.01% |
| 6 | UNP Union Pacific Corporation SPX | 262.64 | 21.60 | $155.93B | 2.10% | 16.19% | 40.69% | -0.49% | 0.66% |
| 7 | ETN Eaton Corporation plc SPXAI | 400.60 | 39.20 | $155.55B | 1.10% | 16.23% | 20.84% | 9.77% | 18.41% |
| 8 | HON Honeywell International Inc. NDXSPX | 237.86 | 38.00 | $150.72B | 2.00% | 13.57% | 24.26% | 1.82% | -1.62% |
| 9 | DE Deere & Company SPX | 542.18 | 30.67 | $146.45B | 1.20% | 12.82% | 18.35% | -4.50% | -11.00% |
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Quarterly Results
Figures in USD.
| Metric | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | 2.58B | 2.64B | 2.67B | 2.67B | 2.72B | 2.90B | 2.95B | 2.90B | 2.84B | 2.92B | 2.84B | 2.69B | 2.62B | 2.08B | 2.51B | 2.57B | 2.64B | 2.80B | 2.85B | 2.92B | 3.25B | 3.34B | 3.13B | 2.98B | 2.97B | 3.00B | 3.04B | - | 2.99B | 3.11B | 3.10B | 2.97B | 3.00B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.93B | 1.88B | 1.95B | 2.00B | 1.96B |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.07B | 1.24B | 1.16B | 969.00M | 1.03B |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 39.00M | 4.00M | -32.00M | -189.00M | 42.00M |
| Operating Income | 814.00M | 822.00M | 642.00M | 723.00M | 770.00M | 820.00M | 761.00M | 757.00M | 872.00M | 895.00M | 998.00M | 835.00M | 1.03B | 1.02B | 1.08B | 966.00M | 1.06B | 996.00M | 962.00M | 568.00M | 610.00M | 840.00M | 984.00M | 1.01B | 1.17B | 1.14B | 1.08B | 1.27B | 1.27B | 711.00M | 576.00M | 756.00M | 213.00M | 1.13B | - | 1.03B | 1.23B | 1.19B | 1.16B | 992.00M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.52B | 1.54B | 1.47B | 1.31B | 1.26B |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 199.00M | 201.00M | 197.00M | 195.00M | 197.00M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 978.00M | 998.00M | 924.00M | 765.00M | 715.00M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 228.00M | 230.00M | 213.00M | 121.00M | 168.00M |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | 552.00M | 710.00M | 702.00M | 702.00M | 677.00M | 722.00M | 657.00M | 666.00M | 381.00M | 392.00M | 569.00M | 671.00M | 673.00M | 819.00M | 753.00M | 703.00M | 819.00M | 958.00M | 466.00M | 356.00M | 478.00M | 53.00M | 737.00M | - | 750.00M | 768.00M | 711.00M | 644.00M | 547.00M |
| Diluted EPS | 1.41 | 1.49 | 1.20 | 1.29 | 1.36 | 1.55 | 1.42 | 1.48 | 1.71 | 1.75 | 13.79 | 1.93 | 2.50 | 2.52 | 2.57 | 2.51 | 2.70 | 2.49 | 2.55 | 1.47 | 1.53 | 2.22 | 2.64 | 2.66 | 3.28 | 3.06 | 2.93 | 3.45 | 4.10 | 2.04 | 1.56 | 2.10 | 0.23 | 3.25 | - | 3.31 | 3.41 | 3.16 | 2.87 | 2.43 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | 9.89B | 10.55B | 11.46B | 11.30B | 9.79B | - | 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 |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 34.00M | 109.00M | -334.00M | -144.00M |
| Operating Income | 2.58B | 3.08B | 1.96B | 2.68B | 3.21B | 3.12B | 3.26B | 3.58B | 2.88B | 3.01B | 3.52B | 3.96B | 3.99B | 3.00B | - | 5.21B | 4.33B | 4.88B | 4.57B |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6.04B | 4.34B | 5.49B | 5.85B |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 692.00M | 722.00M | 807.00M | 792.00M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.13B | 2.32B | 3.33B | 3.67B |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 860.00M | 493.00M | 707.00M | 792.00M |
| Net Income | - | - | - | - | - | - | - | - | - | - | 5.40B | 2.67B | 2.72B | 2.01B | - | 3.27B | 1.83B | 2.62B | 2.87B |
| Diluted EPS | 3.68 | 4.52 | 2.76 | 4.00 | 5.45 | 5.37 | 6.04 | 6.39 | 5.10 | 5.62 | 18.61 | 9.51 | 10.25 | 7.84 | - | 13.88 | 8.02 | 11.57 | 12.75 |
Compounded Sales Growth
| 5 Years: | -1.50% |
| 1 Year: | 0.20% |
Compounded Profit Growth
| 5 Years: | -4.22% |
| 1 Year: | -26.60% |
Stock Price Performance
| 1 Year: | +25.70% |
| 6 Months: | +6.43% |
| 3 Months: | -2.69% |
| 1 Month: | -1.87% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2006 | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 26.30B | 27.37B | 28.20B | 28.54B | 30.34B | 32.48B | 33.20B | 34.14B | 34.89B | 35.71B | 36.24B | 37.92B | 37.96B | - | 38.88B | 41.65B | 43.68B | 45.24B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.01B | 3.27B | 3.19B | 3.20B |
| Cash & Equivalents | 527.00M | 206.00M | 618.00M | 996.00M | 827.00M | 276.00M | 653.00M | 1.44B | 973.00M | 1.10B | 956.00M | 690.00M | 358.00M | 580.00M | 1.11B | - | 456.00M | 1.57B | 1.64B | 1.53B |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 253.00M | 264.00M | 277.00M | 271.00M |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 895.00M | 882.00M | 787.00M | 715.00M |
| Total Liabilities | - | - | 16.69B | 17.02B | 17.53B | 18.63B | 20.58B | 21.19B | 20.79B | 21.95B | 22.48B | 19.35B | 20.88B | 22.74B | 23.17B | - | 26.15B | 28.87B | 29.38B | 29.69B |
| Current Liabilities | - | - | 2.10B | 1.79B | 2.08B | 1.70B | 2.08B | 2.31B | 1.78B | 2.23B | 2.34B | 2.54B | 2.59B | 2.30B | 2.16B | - | 2.65B | 2.63B | 3.54B | 3.77B |
| Long Term Debt | - | - | - | 7.05B | 6.92B | 7.44B | 8.48B | 9.35B | 8.88B | 9.89B | 10.11B | 9.74B | - | - | - | - | 14.48B | 17.18B | 16.65B | 16.48B |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 15.59B | 17.57B | 17.48B | 17.30B |
| Total Equity | - | - | - | - | - | - | - | - | - | - | 12.41B | 16.36B | 15.36B | 15.18B | 14.79B | - | 12.73B | 12.78B | 14.31B | 15.55B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 248.40M | 246.00M | 246.64M | 244.74M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 2.33B | 2.71B | 1.86B | 2.71B | 3.23B | 3.06B | 3.08B | 2.85B | - | 3.03B | 3.25B | 3.73B | 3.89B | 3.64B | - | 4.22B | 3.18B | 4.05B | 4.36B |
| Investing Cash Flow | -1.02B | -1.23B | -1.45B | -1.46B | -1.77B | -1.99B | -1.89B | -2.00B | - | -1.83B | -1.48B | -1.66B | -1.76B | -1.18B | - | -1.60B | -2.18B | -2.78B | -2.56B |
| Financing Cash Flow | -1.63B | -1.07B | -31.00M | -1.43B | -2.01B | -694.00M | -394.00M | -1.32B | - | -1.35B | -2.04B | -2.31B | -1.99B | -1.93B | - | -3.00B | 115.00M | -1.20B | -1.91B |
| Capital Expenditure | -1.34B | -1.56B | -1.30B | -1.47B | -2.16B | -2.24B | -1.97B | -2.12B | -2.38B | -1.89B | -1.72B | -1.95B | -2.02B | -1.49B | - | -1.95B | -2.33B | -2.38B | -2.20B |
| Free Cash Flow | 992.00M | 1.16B | 561.00M | 1.24B | 1.07B | 824.00M | 1.11B | 734.00M | - | 1.15B | 1.53B | 1.77B | 1.87B | 2.14B | - | 2.27B | 852.00M | 1.67B | 2.16B |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -383.00M | 1.11B | 73.00M | -111.00M |
| Share Buybacks | - | 1.13B | 0 | 863.00M | 2.05B | 1.29B | 627.00M | 318.00M | 1.07B | 803.00M | 1.01B | 2.78B | 2.10B | 1.44B | 3.39B | 3.11B | 622.00M | 0 | 534.00M |
| Dividends Paid | 377.00M | 456.00M | 500.00M | 514.00M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Ratios (Annual)
Figures in %.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 41.1% | 36.5% | 37.5% | 36.3% |
| Operating Margin % | - | - | - | - | - | - | - | - | - | 30.4% | 33.4% | 34.6% | 35.3% | 30.7% | - | 40.8% | 35.6% | 40.2% | 37.5% |
| Net Margin % | - | - | - | - | - | - | - | - | - | - | 51.2% | 23.3% | 24.1% | 20.6% | - | 25.7% | 15.0% | 21.6% | 23.6% |
| ROE % | - | - | - | - | - | - | - | - | - | - | 33.0% | 17.4% | 17.9% | 13.6% | - | 25.7% | 14.3% | 18.3% | 18.5% |
| ROCE % | - | 12.7% | 7.7% | 10.2% | 12.0% | 11.1% | 10.8% | 11.4% | 9.0% | 9.2% | 10.6% | 11.8% | 11.2% | 8.4% | - | 14.4% | 11.1% | 12.2% | 11.0% |
Shareholding Pattern
Insiders
0.07%
Institutions
78.08%
Public Float
78.13%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 6.80% | 15.28M | $4.66B |
| 2 | Vanguard Capital Management LLC | 6.49% | 14.59M | $4.45B |
| 3 | State Street Corporation | 4.38% | 9.83M | $3.00B |
| 4 | Dodge & Cox Inc. | 2.79% | 6.26M | $1.91B |
| 5 | Geode Capital Management, LLC | 2.26% | 5.08M | $1.55B |
| 6 | Millennium Management Llc | 2.04% | 4.58M | $1.40B |
| 7 | Vanguard Portfolio Management LLC | 1.79% | 4.03M | $1.23B |
| 8 | Pentwater Capital Management Lp | 1.43% | 3.22M | $981.97M |
| 9 | Bank of America Corporation | 1.43% | 3.20M | $976.21M |
| 10 | Northern Trust Corporation | 1.17% | 2.64M | $804.38M |
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