NORFOLK SOUTHERN CORP financials

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NSC CIK 0000702165

Source: EDGAR filings · Built 2026-06-02T03:41:16Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 2.16B 1.67B 852.00M 2.27B 2.79B 2.14B
EBITDA 5.75B 5.42B 4.15B 6.03B 5.63B 4.16B
Working Capital -577.00M -357.00M 639.00M -642.00M -354.00M 158.00M
Net Debt 15.78B 15.84B 16.00B 15.24B 13.41B 12.00B
Operating Margin 35.76% 33.58% 23.45% 37.73% 39.91% 30.67%
Net Margin 23.59% 21.63% 15.03% 25.66% 26.97% 20.56%
Return on Equity (ROE) 18.48% 18.33% 14.29% 25.68% 22.03% 13.61%
Return on Assets (ROA) 6.35% 6.00% 4.39% 8.41% 7.81% 5.30%
Current Ratio 0.85× 0.90× 1.24× 0.76× 0.86× 1.07×
Debt-to-Equity 1.11× 1.22× 1.37× 1.23× 1.04× 0.89×
Effective Tax Rate 21.61% 21.24% 21.25% 20.82% 22.51% 20.43%
Cash Conversion Ratio 1.52× 1.55× 1.74× 1.29× 1.42× 1.81×
Accruals Ratio -0.03× -0.03× -0.03× -0.02× -0.03× -0.04×
SBC % of Revenue 0.52% 0.33% 0.33% 0.42% 0.48% 0.29%
CapEx Coverage 1.98× 1.70× 1.37× 2.17× 2.89× 2.43×
Free Cash Flow Per Share $9.57 $7.38 $3.75 $9.65 $11.23 $8.35

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 22.64× 20.29× 29.47× 17.75× 24.58× 30.31×
P/FCF 30.16× 31.80× 63.09× 25.53× 26.52× 28.45×
FCF Yield 3.32% 3.14% 1.58% 3.92% 3.77% 3.51%
EV / EBITDA 14.01× 12.71× 16.71× 11.85× 15.09× 17.30×
P/S 5.32× 4.38× 4.39× 4.41× 6.42× 6.12×
P/B 4.17× 3.71× 4.17× 4.41× 5.24× 4.05×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue from Contract with Customer, Excluding Assessed Tax 12.18B 12.12B 12.16B 12.74B 11.14B 9.79B
Operating Income (Loss) 4.36B 4.07B 2.85B 4.81B 4.45B 3.00B
Income Tax Expense (Benefit) 792.00M 707.00M 493.00M 860.00M 873.00M 517.00M
Net Income (Loss) Attributable to Parent 2.87B 2.62B 1.83B 3.27B 3.00B 2.01B
Earnings Per Share, Basic $12.76 $11.58 $8.04 $13.92 $12.16 $7.88
Weighted Average Number of Shares Outstanding, Basic 225.00M 226.10M 226.90M 234.80M 246.90M 255.10M
Earnings Per Share, Diluted $12.75 $11.57 $8.02 $13.88 $12.11 $7.84
Weighted Average Number of Shares Outstanding, Diluted 225.30M 226.40M 227.40M 235.60M 248.10M 256.60M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 1.53B 1.64B 1.57B 456.00M 839.00M 1.11B
Assets, Current 3.20B 3.19B 3.27B 2.01B 2.17B 2.32B
Assets 45.24B 43.68B 41.65B 38.88B 38.49B 37.96B
Liabilities, Current 3.77B 3.54B 2.63B 2.65B 2.52B 2.16B
Liabilities 29.69B 29.38B 28.87B 26.15B 24.85B 23.17B
Stockholders' Equity Attributable to Parent 15.55B 14.31B 12.78B 12.73B 13.64B 14.79B
Common Stock, Shares, Outstanding 224.42M 226.32M 225.68M 228.08M 240.16M 252.10M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 4.36B 4.05B 3.18B 4.22B 4.25B 3.64B
Payments to Acquire Property, Plant, and Equipment 2.20B 2.38B 2.33B 1.95B 1.47B 1.49B
Net Cash Provided by (Used in) Investing Activities -2.56B -2.78B -2.18B -1.60B -1.22B -1.18B
Payments for Repurchase of Common Stock 534.00M 0 622.00M 3.11B 3.39B 1.44B
Net Cash Provided by (Used in) Financing Activities -1.91B -1.20B 115.00M -3.00B -3.31B -1.93B

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (NSC CIK 0000702165), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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