NORFOLK SOUTHERN CORP
NORFOLK SOUTHERN CORP
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Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 1,069 | 1,341 | 1,530 | 1,418 | 1,303 | 1,006 | 1,641 | 975 | 659 | 652 | 1,568 | 1,506 | |||||
Accounts Receivable Net Current | 1,177 | 1,123 | 988 | 1,102 | 1,123 | 1,231 | 1,069 | 1,302 | 1,189 | 1,198 | 1,147 | 1,210 | |||||
Assets Current | |||||||||||||||||
Assets Current | 2,801 | 3,024 | 3,198 | 3,036 | 2,907 | 2,701 | 3,188 | 2,690 | 2,304 | 2,356 | 3,271 | 3,142 | |||||
Materials Supplies And Other | 327 | 312 | 271 | 297 | 313 | 273 | 277 | 288 | 308 | 270 | 264 | 303 | |||||
Other Assets Current | 228 | 248 | 409 | 219 | 168 | 191 | 201 | 125 | 148 | 236 | 292 | 123 | |||||
Long Term Investments | 4,155 | 4,116 | 4,089 | 4,081 | 4,038 | 4,003 | 3,370 | 3,968 | 3,812 | 3,570 | 3,839 | 3,824 | |||||
Property Plant And Equipment Net | 36,626 | 36,442 | 36,479 | 36,112 | 35,921 | 35,803 | 35,831 | 35,390 | 35,280 | 35,051 | 33,326 | 32,668 | |||||
Other Assets Noncurrent | 1,540 | 1,531 | 1,470 | 1,351 | 1,289 | 1,293 | 1,293 | 1,207 | 1,162 | 1,151 | 1,216 | 1,105 | |||||
Assets | 45,122 | 45,113 | 45,236 | 44,580 | 44,155 | 43,800 | 43,682 | 43,255 | 42,558 | 42,128 | 41,652 | 40,739 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Accounts Payable Current | 1,783 | 1,695 | 1,863 | 1,657 | 1,504 | 1,445 | 1,704 | 1,614 | 1,535 | 1,506 | 1,638 | 1,499 | |||||
Short Term Borrowings | - | - | - | - | - | - | - | - | 400 | 400 | 0 | 0 | |||||
Liabilities Current | |||||||||||||||||
Liabilities Current | 3,370 | 3,335 | 3,775 | 3,524 | 3,667 | 3,450 | 3,545 | 3,677 | 3,667 | 3,447 | 2,632 | 2,914 | |||||
Taxes Payable Current | 218 | 320 | 340 | 227 | 223 | 490 | 337 | 179 | 208 | 222 | 262 | 213 | |||||
Other Liabilities Current | 720 | 711 | 965 | 1,033 | 1,037 | 960 | 949 | 1,329 | 1,269 | 1,315 | 728 | 797 | |||||
Long Term Debt And Capital Lease Obligations Curre… | 649 | 609 | 607 | 607 | 903 | 555 | 555 | 555 | 255 | 4 | 4 | 405 | |||||
Long Term Debt And Capital Lease Obligations | 15,967 | 16,492 | 16,480 | 16,476 | 16,464 | 16,660 | 16,651 | 16,644 | 16,937 | 17,179 | 17,175 | 16,179 | |||||
Other Liabilities Noncurrent | 1,714 | 1,724 | 1,723 | 1,705 | 1,708 | 1,702 | 1,760 | 1,786 | 1,747 | 1,767 | 1,839 | 1,824 | |||||
Deferred Income Tax Liabilities Net | 7,818 | 7,758 | 7,711 | 7,734 | 7,529 | 7,477 | 7,420 | 7,363 | 7,228 | 7,199 | 7,225 | 7,207 | |||||
Liabilities | 28,869 | 29,309 | 29,689 | 29,439 | 29,368 | 29,289 | 29,376 | 29,470 | 29,579 | 29,592 | 28,871 | 28,124 | |||||
Stockholders Equity Inclu… | |||||||||||||||||
Common Stock Value Outstanding | 226 | 226 | 226 | 226 | 226 | 227 | 228 | 228 | 227 | 227 | 227 | 227 | |||||
Additional Paid In Capital | 2,332 | 2,312 | 2,296 | 2,283 | 2,259 | 2,249 | 2,247 | 2,223 | 2,208 | 2,188 | 2,179 | 2,163 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -212 | -211 | -210 | -262 | -261 | -261 | -262 | -332 | -330 | -322 | -320 | -364 | |||||
Retained Earnings Accumulated Deficit | 13,907 | 13,477 | 13,235 | 12,894 | 12,563 | 12,296 | 12,093 | 11,666 | 10,874 | 10,443 | 10,695 | 10,589 | |||||
Stockholders Equity | 16,253 | 15,804 | 15,547 | 15,141 | 14,787 | 14,511 | 14,306 | 13,785 | 12,979 | 12,536 | 12,781 | 12,615 | |||||
Liabilities And Stockholders Equity | 45,122 | 45,113 | 45,236 | 44,580 | 44,155 | 43,800 | 43,682 | 43,255 | 42,558 | 42,128 | 41,652 | 40,739 | |||||
Accumulated Depreciation Depletion And Amortizatio… | 15,031 | 14,769 | 14,617 | 14,438 | 14,250 | 14,188 | 13,957 | 13,855 | 13,630 | 13,462 | 13,265 | 13,162 | |||||
Common Stock Par Or Stated Value Per Share | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Common Stock Shares Authorized | 1,350 | 1,350 | 1,350 | 1,350 | 1,350 | 1,350 | 1,350 | 1,350 | 1,350 | 1,350 | 1,350 | 1,350 | |||||
Shares Outstanding | 225 | 225 | 224 | 224 | 225 | 225 | 226 | 226 | 226 | 226 | 226 | 226 | |||||
Common Stock Shares Issued | 225 | 225 | 224 | - | - | - | 226 | - | - | - | - | - | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.75% | -1.39% | 2.87% | - | - | - | - | - | - | - | - | - |
| 2025 | 11.56% | 12.69% | 20.84% | 2.98% | 2.66% | 4.86% | 0.53% | 5.14% | 1.68% | -0.94% | -5.80% | 3.33% |
| 2024 | -1.43% | -6.36% | -5.74% | -2.21% | -0.03% | 1.75% | 0.86% | -4.94% | -9.68% | -4.42% | -16.77% | -10.93% |
| 2023 | - | - | - | -9.34% | -12.79% | -14.11% | 14.40% | 25.91% | 24.43% | 3.63% | 2.57% | -3.44% |
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Performance and Valuation Metrics
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Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 0.83 | 0.91 | 0.85 | 0.86 | 0.79 | 0.78 | 0.90 | 0.73 | 0.63 | 0.68 | 1.24 | 1.08 | |||||
| Quick Ratio | 0.83 | 0.91 | 0.85 | 0.86 | 0.79 | 0.78 | 0.90 | 0.73 | 0.63 | 0.68 | 1.24 | 1.08 | |||||
| Working Capital | -569.00M | -311.00M | -577.00M | -488.00M | -760.00M | -749.00M | -357.00M | -987.00M | -1.36B | -1.09B | 639.00M | 228.00M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 1.78 | 1.85 | 1.91 | 1.94 | 1.99 | 2.02 | 2.05 | 2.14 | 2.28 | 2.36 | 2.26 | 2.23 | |||||
| Interest Coverage TTM | 5.13 | 5.17 | 5.50 | 5.72 | 6.29 | 6.22 | 5.04 | 4.67 | 3.72 | 3.15 | 3.95 | 4.58 | |||||
| Debt Ratio | 0.64 | 0.65 | 0.66 | 0.66 | 0.67 | 0.67 | 0.67 | 0.68 | 0.70 | 0.70 | 0.69 | 0.69 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.28 | 0.27 | 0.27 | 0.28 | 0.28 | 0.28 | 0.28 | 0.29 | 0.30 | 0.30 | 0.30 | 0.31 | |||||
| Days Sales Outstanding TTM | 33.47 | 35.26 | 30.82 | 35.87 | 34.65 | 36.60 | 33.36 | 37.66 | 34.38 | 35.93 | 34.46 | 34.97 | |||||
| Receivables Turnover TTM | 10.90 | 10.35 | 11.84 | 10.17 | 10.53 | 9.97 | 10.94 | 9.69 | 10.62 | 10.16 | 10.59 | 10.44 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 11.72 | 11.87 | 12.75 | 13.18 | 14.88 | 14.65 | 11.58 | 10.67 | 7.93 | 6.25 | 8.03 | 9.21 | |||||
| Free Cash Flow Per Share TTM | 7.26 | 7.21 | 9.59 | 9.35 | 9.00 | 8.36 | 7.39 | 5.45 | 3.12 | 1.72 | 3.75 | 5.07 | |||||
| Dividend Per Share TTM | 5.40 | 5.40 | 5.40 | 5.43 | 5.42 | 5.40 | 5.40 | 5.39 | 5.40 | 5.42 | 5.40 | 5.33 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 76.28% | 76.01% | 76.01% | 76.57% | 76.86% | 76.67% | 81.13% | 85.33% | 89.43% | 93.78% | 94.06% | 94.29% | |||||
| Operating Profit Margin TTM | 32.19% | 33.54% | 35.76% | 37.20% | 41.45% | 41.31% | 33.58% | 30.79% | 24.05% | 19.56% | 23.45% | 26.17% | |||||
| Net Profit Margin TTM | 21.02% | 21.91% | 23.59% | 24.22% | 27.51% | 27.40% | 21.63% | 19.85% | 14.84% | 11.76% | 15.03% | 16.96% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 2.97% | 0.60% | 0.47% | 0.48% | 0.71% | 0.70% | -0.27% | -1.20% | -4.73% | -7.21% | -4.62% | -0.32% | |||||
| Net Income Growth (1Y) | -21.31% | -19.55% | 9.57% | 22.60% | 86.63% | 134.72% | 43.51% | 15.60% | -30.16% | -53.38% | -44.13% | -35.49% | |||||
| EPS Growth (1Y) | -21.17% | -18.98% | 10.11% | 23.58% | 87.46% | 134.41% | 44.02% | 15.70% | -29.69% | -52.99% | -42.18% | -33.56% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 26.70 | 23.93 | 22.33 | 22.36 | 16.81 | 15.68 | 19.57 | 22.37 | 25.85 | 38.69 | 27.75 | 20.02 | |||||
| P/B TTM | 4.33 | 4.04 | 4.13 | 4.38 | 3.81 | 3.59 | 3.59 | 3.92 | 3.57 | 4.36 | 3.97 | 3.32 | |||||
| P/S TTM | 5.61 | 5.24 | 5.27 | 5.42 | 4.62 | 4.30 | 4.23 | 4.44 | 3.84 | 4.55 | 4.17 | 3.40 | |||||
| Market Cap | 70.38B | 63.90B | 64.14B | 66.24B | 56.32B | 52.05B | 51.30B | 54.05B | 46.40B | 54.71B | 50.70B | 41.84B | |||||
| Enterprise Value | 85.93B | 79.66B | 79.70B | 81.91B | 72.38B | 68.26B | 66.87B | 70.27B | 63.33B | 71.64B | 66.31B | 56.92B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 1.63B | 1.62B | 2.16B | 2.10B | 2.02B | 1.89B | 1.67B | 1.23B | 704.00M | 389.00M | 852.00M | 1.15B | |||||
| Net Debt | 15.55B | 15.76B | 15.56B | 15.67B | 16.06B | 16.21B | 15.57B | 16.22B | 16.93B | 16.93B | 15.61B | 15.08B | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
NORFOLK SOUTHERN CORP (NSC) — SEC Financial Statements & Analysis
NORFOLK SOUTHERN CORP (NSC) is a railroads, line-haul operating company, incorporated in VA. NORFOLK SOUTHERN CORP trades on NYSE as: NSC. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), NORFOLK SOUTHERN CORP reported a 2.97% year-over-year revenue growth, a Gross Profit Margin of 76.28% (TTM), a Debt-to-Equity ratio of 1.78x, a Price-to-Sales (P/S) ratio of 5.61x (TTM), a Price-to-Book (P/B) ratio of 4.33x (TTM), at a market cap of $70.38B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 2.97%
- Gross Profit Margin TTM
- 76.28%
- Debt To Equity
- 1.78x
- P/S TTM
- 5.61x
- P/B TTM
- 4.33x
- Market Cap
- $70.38B
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is NORFOLK SOUTHERN CORP in?
NORFOLK SOUTHERN CORP (NSC) operates in the Railroads, Line-Haul Operating industry.
What is NSC's market cap?
NORFOLK SOUTHERN CORP (NSC) has a market capitalization of $70.38B as of 2026-06-30.
What is NSC's P/E ratio?
NORFOLK SOUTHERN CORP (NSC)'s trailing twelve month P/E ratio is 26.70x as of 2026-06-30.
What exchange does NSC trade on?
NORFOLK SOUTHERN CORP (NSC) trades on the NYSE.
Where is NORFOLK SOUTHERN CORP incorporated?
NORFOLK SOUTHERN CORP is incorporated in VA.