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NORFOLK SOUTHERN CORP

NSC

$329.16 ▼ -15.00 (-4.36%) at close

20 Visible periods

34 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Good

Bullish

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Analytical Summary

NORFOLK SOUTHERN CORP shows strong fundamentals with top-quartile Return on Common Equity (%) and Profit Margin (%). The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $74.1B

Dividend Yield 1.64%

Revenue Growth 0.5% ↗

Op. Margin 35.8% ↗

ROIC 22.0% ↘

FCF / Share $9.59 ↗

Trailing P/E 25.8x

Price / Book 4.8x

FCF Yield 2.9%

Debt / Equity —

info Valuation on last close. End-of-day price, Nov 5, 2026.

20-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$12.18B

— +0.5% —

Net Income Profit after all expenses

$2.87B

↑ +9.6% —

Operating Margin Operating profit as % of sales

35.8%

↑ +6.5% 91th

FCF / Share Free cash flow per share

$9.59

↑ +29.7% —

Long-Term Debt Long-term obligations

$10.11B

↑ +2.2% —

trending_up

Bullish Indicators

Operating Margin (%)Operating Margin (%) is in the top quartile
Profit Margin (%)Profit Margin (%) is in the top quartile
Return on Common Equity (%)Return on Common Equity (%) is in the top quartile

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability ↓

Returns ↓

Financial Health ↓

Cash Quality ↓

Dividend History

Dividend / share · sourced from SEC filings

$5.40 Latest / share

+0.0% YoY

+8.4% 12-yr CAGR

$2.22

FY 2014

$2.36

FY 2015

$2.36

FY 2016

$2.44

FY 2017

$3.04

FY 2018

$3.60

FY 2019

$3.76

FY 2020

$4.16

FY 2021

$4.96

FY 2022

$5.40

FY 2023

$5.40

FY 2024

$5.40

FY 2025

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Revenue Growth YoY (%)	0.5% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-91%)	-0.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-105%)	-4.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-192%)	14.4% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+188%)	13.8% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+176%)	-13.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-367%)	-1.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-128%)	8.6% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+72%)	6.7% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+34%)	-5.9% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-219%)	-9.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-292%)	3.4% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-33%)	1.9% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-63%)	-1.2% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-124%)	17.4% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+248%)	19.4% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+288%)	-25.3% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-605%)	13.0% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+161%)	—	—
EPS Growth YoY (%)	10.2% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	44.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-42.2% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	14.5% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	54.3% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-23.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	7.7% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	-48.9% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	231.4% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	10.3% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	-20.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	5.6% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	12.5% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	-1.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	36.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	45.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-39.1% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	22.8% Good Good Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	9.6% Fair ↑ Fair Improving Year-over-year change in net income	43.5% Excellent ↑ Excellent Improving Year-over-year change in net income	-44.1% Weak ↓ Weak Declining Year-over-year change in net income	8.8% Fair → Fair Stable Year-over-year change in net income	49.3% Excellent ↑ Excellent Improving Year-over-year change in net income	-26.0% Weak ↓ Weak Declining Year-over-year change in net income	2.1% Caution ↓ Caution Declining Year-over-year change in net income	-50.7% Weak ↓ Weak Declining Year-over-year change in net income	224.0% Excellent ↑ Excellent Improving Year-over-year change in net income	7.2% Fair ↑ Fair Improving Year-over-year change in net income	-22.2% Weak ↓ Weak Declining Year-over-year change in net income	4.7% Caution ↓ Caution Declining Year-over-year change in net income	9.2% Fair ↓ Fair Declining Year-over-year change in net income	-8.7% Weak ↓ Weak Declining Year-over-year change in net income	28.1% Excellent ↑ Excellent Improving Year-over-year change in net income	44.7% Excellent ↑ Excellent Improving Year-over-year change in net income	-39.7% Weak Weak Year-over-year change in net income	17.2% Good Good Year-over-year change in net income	—	—
FCF Growth YoY (%)	29.7% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	102.0% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-62.2% Weak ↓ Weak Declining Year-over-year change in free cash flow	-14.1% Weak ↓ Weak Declining Year-over-year change in free cash flow	34.3% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	18.1% Good ↑ Good Improving Year-over-year change in free cash flow	11.3% Fair Fair Year-over-year change in free cash flow	20.3% Good Good Year-over-year change in free cash flow	—	—	—	—	—	—	—	122.1% Excellent Excellent Year-over-year change in free cash flow	—	—	—	—
Revenue CAGR 3Y (%)	-1.5% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	2.9% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	7.5% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	4.1% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	-0.9% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-2.5% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	4.5% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	2.9% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	-3.2% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-4.2% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-1.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	1.3% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	5.7% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	11.5% Good ↑ Good Improving Compound annual revenue growth over 3 years	1.6% Weak Weak Compound annual revenue growth over 3 years	0.3% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	4.5% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	1.4% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	1.2% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	3.9% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	2.4% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	-1.4% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-0.6% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	0.4% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-0.9% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-2.4% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	2.0% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	7.8% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	1.1% Caution Caution Compound annual revenue growth over 5 years	3.2% Caution Caution Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	-2.9% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-1.6% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	0.7% Caution ↑ Caution Improving Compound annual EPS growth over 3 years	10.5% Good ↑ Good Improving Compound annual EPS growth over 3 years	8.3% Fair ↑ Fair Improving Compound annual EPS growth over 3 years	-25.1% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	22.2% Excellent → Excellent Stable Compound annual EPS growth over 3 years	23.1% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	42.8% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-2.5% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-1.8% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	5.3% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	14.5% Good ↑ Good Improving Compound annual EPS growth over 3 years	24.8% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	6.4% Fair Fair Compound annual EPS growth over 3 years	2.9% Caution Caution Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Operating Margin (%) (%)	35.8% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+198%)	33.6% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+180%)	23.5% Good ↓ Good Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+95%)	37.7% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+214%)	39.9% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+233%)	30.7% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+156%)	35.3% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+194%)	34.6% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+188%)	33.4% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+178%)	31.1% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+159%)	27.4% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+129%)	30.8% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+156%)	29.0% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+141%)	28.3% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+136%)	28.8% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+140%)	28.1% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+134%)	24.6% Good ↓ Good Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+105%)	28.9% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+141%)	27.4% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+128%)	—
Effective Tax Rate (%) (%)	21.6% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	21.2% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	21.2% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.8% Good → Good Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	22.5% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.4% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	22.0% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.1% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-72.8% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	35.4% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	36.3% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	36.2% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	35.6% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	36.6% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—
Profit Margin (%) (%)	23.6% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+195%)	21.6% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+170%)	15.0% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+88%)	25.7% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+221%)	27.0% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+237%)	20.6% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+157%)	24.1% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+201%)	23.3% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+191%)	51.2% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+540%)	16.9% Good → Good Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+111%)	14.8% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+85%)	17.2% Good → Good Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+115%)	17.0% Good → Good Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+112%)	15.8% Good → Good Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+98%)	17.2% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+114%)	15.7% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+97%)	13.0% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+62%)	16.1% Good Good Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+101%)	15.5% Good Good Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+94%)	—
FCF Margin (%) (%)	17.7% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	13.8% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	6.8% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	17.8% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	25.0% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	21.9% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	16.6% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	15.5% Good Good Free cash flow as a percentage of revenue Optimal: > 10%	14.5% Fair Fair Free cash flow as a percentage of revenue Optimal: > 10%	—	—	6.3% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	9.8% Caution → Caution Stable Free cash flow as a percentage of revenue Optimal: > 10%	7.5% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	9.6% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	13.1% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	7.0% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	10.9% Fair Fair Free cash flow as a percentage of revenue Optimal: > 10%	10.5% Fair Fair Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	0.75x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.64x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.45x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.70x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.93x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	1.06x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	0.69x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.67x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	0.28x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	0.37x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.58x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.47x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.56x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.83x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.54x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.67x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	0.68x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Return on Invested Capital (%)	22.0% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	22.4% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	17.6% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	29.9% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	25.3% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	16.1% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	20.5% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	19.8% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	—	19.6% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	18.6% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	25.6% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	22.4% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	23.4% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	34.1% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	30.5% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	22.0% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—	—	—
Return on Capital (%) (%)	9.6% Fair → Fair Stable Operating profit relative to total assets Optimal: > 10%	9.3% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	6.8% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	12.4% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	11.6% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	7.9% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	10.5% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	10.9% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	9.9% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	8.8% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	8.4% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	10.8% Good → Good Stable Operating profit relative to total assets Optimal: > 10%	10.0% Good → Good Stable Operating profit relative to total assets Optimal: > 10%	10.3% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	11.3% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	9.5% Fair → Fair Stable Operating profit relative to total assets Optimal: > 10%	7.2% Fair Fair Operating profit relative to total assets Optimal: > 10%	11.7% Good Good Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	18.5% Good → Good Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+23%)	18.3% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+22%)	14.3% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	25.7% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+71%)	22.0% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+47%)	13.6% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-9%)	17.9% Good Good Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+20%)	17.4% Good Good Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+16%)	—	—	—	—	—	—	—	—	—	—	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Debt to Equity (x)	—	—	0.00x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.01x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-99%)	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Interest Coverage (x)	5.69x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	5.04x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	3.95x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	6.95x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	6.88x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	4.80x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	6.60x Good → Good Stable Operating income divided by interest expense Optimal: > 5x	7.11x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	6.40x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	5.46x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	5.29x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	6.56x Good → Good Stable Operating income divided by interest expense Optimal: > 5x	6.20x Good → Good Stable Operating income divided by interest expense Optimal: > 5x	6.31x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	7.06x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	5.79x Good → Good Stable Operating income divided by interest expense Optimal: > 5x	4.20x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	6.95x Good Good Operating income divided by interest expense Optimal: > 5x	5.86x Good Good Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-1.53B	$-1.64B	$-1.57B	$-356.00M	$-839.00M	$-1.11B	$-580.00M	$-358.00M	$-590.00M	$9.26B	$8.99B	$8.05B	$8.01B	$8.03B	$7.26B	$6.20B	$6.16B	$-618.00M	$-206.00M	$-527.00M
Debt / EBITDA (x)	—	—	0.00x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.02x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	0.02x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.49x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.56x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.99x Good → Good Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.26x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.15x Fair → Fair Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.85x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.01x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.55x Fair Fair Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Revenue per Share (USD)	$54.13	$53.62	$53.57	$54.28	$45.13	$38.37	$42.90	$41.26	$36.65	$33.64	$34.82	—	—	—	—	$25.96	$21.71	—	—	—
Basic EPS, GAAP (USD)	$12.76	$11.58	$8.04	$13.92	$12.16	$7.88	$10.32	$9.58	$18.76	$5.66	$5.13	$6.44	$6.10	$5.42	$5.52	$4.06	$2.79	$4.58	$3.73	—
Free Cash Flow per Share (USD)	$9.59	$7.39	$3.66	$9.68	$11.28	$8.40	$7.11	$6.39	$5.31	—	—	—	—	—	—	$3.39	$1.53	—	—	—
Dividend per Share (USD)	$5.40	$5.40	$5.40	$4.96	$4.16	$3.76	$3.60	$3.04	$2.44	$2.36	$2.36	$2.22	$2.04	$1.94	$1.66	$1.40	$1.36	$1.22	$0.96	—
Book Value per Share (USD)	$69.28	$63.21	$56.63	$55.83	$56.80	$58.67	$58.87	$57.30	—	—	—	—	—	—	—	—	—	—	—	—
Tangible Book Value per Share (USD)	$69.28	$63.21	$56.63	$55.83	$56.80	$58.67	$58.87	$57.30	—	—	—	—	—	—	—	—	—	—	—	—
Basic Weighted Avg Shares (shares)	225.00M	226.10M	226.90M	234.80M	246.90M	255.10M	263.30M	277.70M	287.90M	293.90M	301.90M	—	—	—	—	366.50M	367.10M	—	—	—
Dividend Payout Ratio (%)	42.3% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	46.6% Good → Good Stable Dividends paid as a percentage of earnings Optimal: 30-60%	67.2% Fair ↑ Fair Improving Dividends paid as a percentage of earnings Optimal: 30-60%	35.6% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	34.2% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	47.7% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	34.9% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	31.7% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	13.0% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	41.7% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	46.0% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	34.5% Good → Good Stable Dividends paid as a percentage of earnings Optimal: 30-60%	33.4% Good → Good Stable Dividends paid as a percentage of earnings Optimal: 30-60%	35.8% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	30.1% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	34.5% Good → Good Stable Dividends paid as a percentage of earnings Optimal: 30-60%	48.7% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	26.6% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	25.7% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Working Capital (USD)	$-577.00M	$-357.00M	$639.00M	$-642.00M	$-354.00M	$158.00M	$-219.00M	$-729.00M	$-396.00M	$-48.00M	$281.00M	$998.00M	$770.00M	$161.00M	$50.00M	$389.00M	$457.00M	$-106.00M	—	—
LT Debt (USD)	—	—	—	—	—	—	—	—	—	$10.11B	$9.89B	$8.93B	$9.35B	$8.48B	$7.44B	$6.92B	$7.05B	—	—	—
Total Equity (USD)	$15.55B	$14.31B	$12.78B	$12.73B	$13.64B	$14.79B	$15.18B	$15.36B	—	—	—	—	—	—	—	—	—	—	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Sales/Revenue/Turnover (USD)	$12.18B	$12.12B	$12.16B	$12.74B	$11.14B	$9.79B	$11.30B	$11.46B	$10.55B	$9.89B	$10.51B	$11.62B	$11.24B	$11.04B	$11.17B	$9.52B	$7.97B	$10.66B	$9.43B	—
Depreciation Expense (USD)	$1.39B	$1.35B	$1.30B	$1.22B	$1.18B	$1.15B	$1.14B	$1.10B	$1.06B	$1.03B	$1.06B	$956.00M	$922.00M	$922.00M	$869.00M	$826.00M	$845.00M	$815.00M	$786.00M	—
Net Income, GAAP (USD)	$2.87B	$2.62B	$1.83B	$3.27B	$3.00B	$2.01B	$2.72B	$2.67B	$5.40B	$1.67B	$1.56B	$2.00B	$1.91B	$1.75B	$1.92B	$1.50B	$1.03B	$1.72B	$1.46B	—
Operating Cash Flow (USD)	$4.36B	$4.05B	$3.18B	$4.22B	$4.25B	$3.64B	$3.89B	$3.73B	$3.25B	—	—	$2.85B	$3.08B	$3.06B	$3.23B	$2.71B	$1.86B	$2.71B	$2.33B	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 4 days ago 20 years · 75 quarters

NORFOLK SOUTHERN CORP

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