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Norfolk Southern Corporation

$320.27 +$32.45 (+11.27%)
NYSE · 11 Sep 2026 20:00 UTC
Previous Close
$323.3
Day Range
$320.27$326.33
Year Range
$274.78$358.6
Market Cap
71.94B
AVG Volume
1.16M
Trailing/Forward PE
27.33/22.32
PEG ratio
2.6
Dividend Yield
1.69%
Next Earnings Date
2026-10-22
Primary Exchange
New York Stock ExchangeUS
Revenue (USD)
05B10B15B2016201720182019202020212022202320242025
NSC Revenue (USD) by year
PeriodRevenue (USD)
202512.18B
202412.12B
202312.16B
202212.74B
202111.14B
20209.79B
201911.3B
201811.46B
201710.55B
20169.89B
Net Income (USD)
02B4B6B2016201720182019202020212022202320242025
NSC Net Income (USD) by year
PeriodNet Income (USD)
20252.87B
20242.62B
20231.83B
20223.27B
20213B
20202.01B
20192.72B
20182.67B
20175.4B
20161.67B
Operating Income (USD)
02B4B6B2016201720182019202020212022202320242025
NSC Operating Income (USD) by year
PeriodOperating Income (USD)
20254.01B
20243.76B
20232.81B
20224.73B
20214.37B
20203.39B
20193.96B
20183.96B
20173.54B
20163.07B
EBITDA (USD)
02B4B6B8B2016201720182019202020212022202320242025
NSC EBITDA (USD) by year
PeriodEBITDA (USD)
20255.85B
20245.49B
20234.34B
20226.04B
20215.71B
20204.31B
20195.23B
20185.13B
20174.73B
20164.15B
Cash Flows (USD)
02B4B6B2016201720182019202020212022202320242025
NSC Cash Flows (USD) by year
PeriodCash Flows (USD)
20254.36B
202428M
2023830M
20222.27B
20212.79B
20202.14B
20191.87B
20181.77B
20171.53B
20161.15B
EPS (USD)
051015202016201720182019202020212022202320242025
NSC EPS (USD) by year
PeriodEPS (USD)
202512.75
202411.56
20238.03
202213.89
202112.12
20207.86
201910.25
20189.52
201718.73
20165.62
Expenses (USD)
02B4B6BSG&ACapex2016201720182019202020212022202320242025
NSC Expenses (USD) by year
PeriodExpenses (USD)
2025753M
20244.02B
20232.35B
20221.95B
20211.47B
20201.49B
20192.02B
20181.95B
20171.72B
20161.95B
Cash & Debt (USD)
05B10B15B20BCashLong Term DebtShort Term Debt2016201720182019202020212022202320242025
NSC Cash & Debt (USD) by year
PeriodCash & Debt (USD)
20251.53B
20241.64B
20231.57B
2022456M
2021839M
20201.11B
2019580M
2018358M
2017690M
2016956M
Debt ratios
00.20.40.60.820182019202020212022202320242025
NSC Debt ratios by year
PeriodDebt ratios
20250.72
20240.73
20230.78
20220.71
20210.66
20200.62
20190.63
20180.6
Margins
0%20%40%60%2016201720182019202020212022202320242025
NSC Margins by year
PeriodMargins
202542.43%
202431.05%
202323.1%
202237.14%
202139.18%
202034.6%
201935.03%
201834.55%
201733.53%
201634.17%
Return on Capital
0%10%20%30%40%2016201720182019202020212022202320242025
NSC Return on Capital by year
PeriodReturn on Capital
202518.48%
202418.33%
202314.29%
202225.68%
202122.03%
202013.61%
201917.93%
201817.35%
201733.03%
201613.44%
Shares Outstanding
0100M200M300M2016201720182019202020212022202320242025
NSC Shares Outstanding by year
PeriodShares Outstanding
2025224.8M
2024226.2M
2023225.68M
2022229.91M
2021240.16M
2020252.1M
2019257.9M
2018268.1M
2017285.1M
2016291.2M
Dividends (USD)
02462017201820192020202120222023202420252026
NSC Dividends (USD) by year
PeriodDividends (USD)
20264.05
20255.4
20245.4
20235.4
20224.96
20214.16
20203.76
20193.6
20183.04
20172.44
Employee Count
010K20K30K2016201720182019202020212022202320242025
NSC Employee Count by year
PeriodEmployee Count
202519.3K
202419.6K
202320.3K
202218.9K
202118.5K
202020.2K
201924.59K
201826.66K
201727.11K
201628.04K
Book Value Per Share (USD)
0204060802016201720182019202020212022202320242025
NSC Book Value Per Share (USD) by year
PeriodBook Value Per Share (USD)
202569.16
202463.24
202356.63
202255.38
202156.8
202058.67
201958.87
201857.3
201757.38
201642.61
Total Assets (USD)
020B40B60B2016201720182019202020212022202320242025
NSC Total Assets (USD) by year
PeriodTotal Assets (USD)
202545.24B
202443.68B
202341.65B
202238.88B
202138.49B
202037.96B
201937.92B
201836.24B
201735.71B
201634.89B
PE Ratio
1520253035med 22.07Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
NSC PE Ratio by year
PeriodPE Ratio
Sep 2627.35
Sep 2628.13
Aug 2629.78
Aug 2629.95
Aug 2628.56
Aug 2628.55
Jul 2628.65
Jul 2629.94
Jul 2628.68
Jul 2627.61
Jul 2627.21
Jun 2626.37
Jun 2625.3
Jun 2626.47
Jun 2626.43
May 2625.71
May 2626.52
May 2626.64
May 2626.3
May 2626.63
Apr 2626.95
Apr 2623.66
Apr 2623.18
Apr 2622.53
Mar 2622.16
Mar 2621.99
Mar 2622.64
Mar 2623.7
Feb 2624.63
Feb 2624.74
Feb 2624.64
Feb 2623.22
Jan 2622.06
Jan 2621.77
Jan 2622.02
Jan 2621.76
Jan 2621.81
Dec 2522.04
Dec 2522.08
Dec 2522.5
Dec 2522.29
Nov 2522.13
Nov 2521.69
Nov 2521.51
Nov 2521.53
Oct 2521.47
Oct 2521.25
Oct 2519.46
Oct 2519.37
Oct 2520.16
Sep 2519.98
Sep 2519.06
Sep 2518.45
Sep 2518.65
Aug 2518.8
Aug 2519.11
Aug 2518.86
Aug 2518.81
Aug 2518.46
Jul 2519.24
Jul 2518.85
Jul 2518.16
Jul 2517.88
Jun 2517.43
Jun 2517.25
Jun 2516.94
Jun 2517.08
May 2516.83
May 2516.35
May 2516.77
May 2515.23
May 2515.28
Apr 2515.1
Apr 2518.97
Apr 2518.83
Apr 2518.2
Mar 2519.89
Mar 2519.99
Mar 2520.04
Mar 2520.9
Feb 2521.2
Feb 2521.37
Feb 2522.08
Feb 2523.32
Jan 2523.9
Jan 2523.84
Jan 2522.97
Jan 2521.9
Jan 2522.08
Dec 2422.03
Dec 2421.92
Dec 2423.05
Dec 2424.42
Nov 2425.83
Nov 2425.18
Nov 2424.46
Nov 2425.44
Nov 2423.41
Oct 2423.51
Oct 2431.77
Free Cash Flow Yield
-2.5%0%2.5%5%7.5%med 3.25%Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
NSC Free Cash Flow Yield by year
PeriodFree Cash Flow Yield
Sep 265.32%
Sep 265.17%
Aug 264.89%
Aug 264.86%
Aug 265.09%
Aug 265.1%
Jul 265.08%
Jul 264.86%
Jul 264.99%
Jul 265.18%
Jul 265.26%
Jun 265.43%
Jun 265.66%
Jun 265.41%
Jun 265.42%
May 265.57%
May 265.4%
May 265.37%
May 265.44%
May 265.37%
Apr 265.31%
Apr 266.42%
Apr 266.55%
Apr 266.74%
Mar 266.85%
Mar 266.9%
Mar 266.7%
Mar 266.41%
Feb 266.16%
Feb 266.13%
Feb 266.16%
Feb 263.05%
Jan 263.21%
Jan 263.25%
Jan 263.22%
Jan 263.26%
Jan 263.25%
Dec 253.21%
Dec 253.21%
Dec 253.15%
Dec 253.18%
Nov 253.2%
Nov 253.27%
Nov 253.29%
Nov 253.29%
Oct 253.3%
Oct 253.33%
Oct 253.1%
Oct 253.12%
Oct 253%
Sep 253.02%
Sep 253.17%
Sep 253.27%
Sep 253.24%
Aug 253.21%
Aug 253.16%
Aug 253.2%
Aug 253.21%
Aug 253.27%
Jul 252.96%
Jul 253.02%
Jul 253.13%
Jul 253.18%
Jun 253.27%
Jun 253.3%
Jun 253.36%
Jun 253.33%
May 253.38%
May 253.48%
May 253.39%
May 253.74%
May 253.72%
Apr 253.77%
Apr 250.06%
Apr 250.06%
Apr 250.06%
Mar 250.05%
Mar 250.05%
Mar 250.05%
Mar 250.05%
Feb 250.05%
Feb 250.05%
Feb 250.05%
Feb 25-0.76%
Jan 25-0.74%
Jan 25-0.74%
Jan 25-0.77%
Jan 25-0.81%
Jan 25-0.8%
Dec 24-0.8%
Dec 24-0.81%
Dec 24-0.77%
Dec 24-0.73%
Nov 24-0.69%
Nov 24-0.7%
Nov 24-0.72%
Nov 24-0.7%
Nov 24-0.76%
Oct 24-0.75%
Oct 24-1.68%
Price to Sales
34567med 5.21Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
NSC Price to Sales by year
PeriodPrice to Sales
Sep 265.75
Sep 265.91
Aug 266.26
Aug 266.3
Aug 266
Aug 266
Jul 266.02
Jul 266.29
Jul 266.28
Jul 266.05
Jul 265.96
Jun 265.78
Jun 265.54
Jun 265.8
Jun 265.79
May 265.63
May 265.81
May 265.84
May 265.76
May 265.84
Apr 265.91
Apr 265.58
Apr 265.47
Apr 265.32
Mar 265.23
Mar 265.19
Mar 265.34
Mar 265.59
Feb 265.81
Feb 265.84
Feb 265.81
Feb 265.62
Jan 265.34
Jan 265.27
Jan 265.33
Jan 265.27
Jan 265.28
Dec 255.34
Dec 255.35
Dec 255.45
Dec 255.4
Nov 255.36
Nov 255.25
Nov 255.21
Nov 255.22
Oct 255.2
Oct 255.15
Oct 255.35
Oct 255.33
Oct 255.55
Sep 255.5
Sep 255.24
Sep 255.08
Sep 255.13
Aug 255.17
Aug 255.26
Aug 255.19
Aug 255.17
Aug 255.08
Jul 255.27
Jul 255.16
Jul 254.98
Jul 254.9
Jun 254.78
Jun 254.73
Jun 254.64
Jun 254.68
May 254.61
May 254.48
May 254.59
May 254.17
May 254.19
Apr 254.14
Apr 254.1
Apr 254.07
Apr 253.94
Mar 254.3
Mar 254.32
Mar 254.33
Mar 254.52
Feb 254.59
Feb 254.62
Feb 254.78
Feb 254.63
Jan 254.74
Jan 254.73
Jan 254.56
Jan 254.35
Jan 254.38
Dec 244.37
Dec 244.35
Dec 244.58
Dec 244.85
Nov 245.13
Nov 245
Nov 244.86
Nov 245.05
Nov 244.65
Oct 244.67
Oct 244.72
EV/EBITDA
1012141618med 13.47Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
NSC EV/EBITDA by year
PeriodEV/EBITDA
Sep 2616.18
Sep 2616.56
Aug 2617.36
Aug 2617.44
Aug 2616.76
Aug 2616.76
Jul 2616.81
Jul 2617.44
Jul 2616.72
Jul 2616.21
Jul 2616.01
Jun 2615.61
Jun 2615.09
Jun 2615.65
Jun 2615.63
May 2615.29
May 2615.68
May 2615.74
May 2615.58
May 2615.73
Apr 2615.89
Apr 2614.28
Apr 2614.04
Apr 2613.73
Mar 2613.54
Mar 2613.46
Mar 2613.78
Mar 2614.3
Feb 2614.75
Feb 2614.81
Feb 2614.76
Feb 2614.06
Jan 2613.49
Jan 2613.35
Jan 2613.47
Jan 2613.34
Jan 2613.36
Dec 2513.48
Dec 2513.5
Dec 2513.7
Dec 2513.6
Nov 2513.52
Nov 2513.3
Nov 2513.22
Nov 2513.23
Oct 2513.2
Oct 2513.09
Oct 2512.49
Oct 2512.44
Oct 2512.85
Sep 2512.76
Sep 2512.28
Sep 2511.97
Sep 2512.07
Aug 2512.15
Aug 2512.31
Aug 2512.18
Aug 2512.15
Aug 2511.97
Jul 2512.42
Jul 2512.22
Jul 2511.87
Jul 2511.73
Jun 2511.49
Jun 2511.4
Jun 2511.24
Jun 2511.31
May 2511.19
May 2510.94
May 2511.15
May 2510.36
May 2510.39
Apr 2510.29
Apr 2511.94
Apr 2511.88
Apr 2511.58
Mar 2512.39
Mar 2512.44
Mar 2512.46
Mar 2512.87
Feb 2513.01
Feb 2513.1
Feb 2513.43
Feb 2513.97
Jan 2514.24
Jan 2514.21
Jan 2513.8
Jan 2513.31
Jan 2513.39
Dec 2413.36
Dec 2413.32
Dec 2413.84
Dec 2414.48
Nov 2415.13
Nov 2414.83
Nov 2414.5
Nov 2414.95
Nov 2414.01
Oct 2414.05
Oct 2417.01
Price/Operating Cashflow
1012.51517.52022.5med 15.19Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
NSC Price/Operating Cashflow by year
PeriodPrice/Operating Cashflow
Sep 2619.32
Sep 2619.87
Aug 2621.03
Aug 2621.15
Aug 2620.17
Aug 2620.17
Jul 2620.24
Jul 2621.15
Jul 2620.39
Jul 2619.63
Jul 2619.35
Jun 2618.75
Jun 2617.99
Jun 2618.82
Jun 2618.79
May 2618.28
May 2618.86
May 2618.94
May 2618.7
May 2618.94
Apr 2619.17
Apr 2615.59
Apr 2615.27
Apr 2614.85
Mar 2614.6
Mar 2614.49
Mar 2614.92
Mar 2615.61
Feb 2616.22
Feb 2616.3
Feb 2616.23
Feb 2616.19
Jan 2615.38
Jan 2615.18
Jan 2615.35
Jan 2615.17
Jan 2615.2
Dec 2515.37
Dec 2515.39
Dec 2515.68
Dec 2515.54
Nov 2515.43
Nov 2515.12
Nov 2515
Nov 2515.01
Oct 2514.97
Oct 2514.81
Oct 2515.51
Oct 2515.43
Oct 2516.06
Sep 2515.92
Sep 2515.18
Sep 2514.7
Sep 2514.87
Aug 2514.98
Aug 2515.23
Aug 2515.03
Aug 2514.99
Aug 2514.71
Jul 2515.34
Jul 2515.03
Jul 2514.48
Jul 2514.26
Jun 2513.89
Jun 2513.75
Jun 2513.5
Jun 2513.62
May 2513.42
May 2513.04
May 2513.37
May 2512.14
May 2512.19
Apr 2512.04
Apr 2512.27
Apr 2512.19
Apr 2511.78
Mar 2512.87
Mar 2512.94
Mar 2512.97
Mar 2513.52
Feb 2513.72
Feb 2513.83
Feb 2514.29
Feb 2514.93
Jan 2515.3
Jan 2515.26
Jan 2514.7
Jan 2514.02
Jan 2514.14
Dec 2414.1
Dec 2414.03
Dec 2414.76
Dec 2415.63
Nov 2416.53
Nov 2416.12
Nov 2415.66
Nov 2416.28
Nov 2414.99
Oct 2415.05
Oct 2417.78
Price to Book
33.544.55med 4.27Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
NSC Price to Book by year
PeriodPrice to Book
Sep 264.44
Sep 264.56
Aug 264.83
Aug 264.86
Aug 264.63
Aug 264.63
Jul 264.65
Jul 264.86
Jul 264.85
Jul 264.66
Jul 264.6
Jun 264.46
Jun 264.27
Jun 264.47
Jun 264.46
May 264.34
May 264.48
May 264.5
May 264.44
May 264.5
Apr 264.55
Apr 264.37
Apr 264.28
Apr 264.16
Mar 264.1
Mar 264.06
Mar 264.18
Mar 264.38
Feb 264.55
Feb 264.57
Feb 264.55
Feb 264.54
Jan 264.32
Jan 264.26
Jan 264.31
Jan 264.26
Jan 264.27
Dec 254.31
Dec 254.32
Dec 254.4
Dec 254.36
Nov 254.33
Nov 254.24
Nov 254.21
Nov 254.21
Oct 254.2
Oct 254.16
Oct 254.41
Oct 254.39
Oct 254.57
Sep 254.53
Sep 254.32
Sep 254.18
Sep 254.23
Aug 254.26
Aug 254.33
Aug 254.27
Aug 254.26
Aug 254.18
Jul 254.4
Jul 254.31
Jul 254.15
Jul 254.09
Jun 253.99
Jun 253.94
Jun 253.87
Jun 253.91
May 253.85
May 253.74
May 253.83
May 253.48
May 253.5
Apr 253.45
Apr 253.48
Apr 253.45
Apr 253.34
Mar 253.65
Mar 253.66
Mar 253.67
Mar 253.83
Feb 253.89
Feb 253.92
Feb 254.05
Feb 254.09
Jan 254.19
Jan 254.18
Jan 254.03
Jan 253.84
Jan 253.87
Dec 243.86
Dec 243.84
Dec 244.04
Dec 244.28
Nov 244.53
Nov 244.41
Nov 244.29
Nov 244.46
Nov 244.1
Oct 244.12
Oct 244.39
Norfolk Southern Corporation
NSC
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News: NSC

Norfolk Southern to present at Morgan Stanely 14th Annual Laguna Conference

prnewswire.com · 9 Sep 2026

Norfolk Southern to present at Morgan Stanely 14th Annual Laguna Conference

ATLANTA, Sept. 9, 2026 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) Executive Vice President and Chief Financial Officer Jason Zampi and Executive Vice President and Chief Commercial Officer Ed Elkins will present at the Morgan Stanely 14th Annual Laguna Conference.

Norfolk Southern Corporation $NSC Shares Acquired by California State Teachers Retirement System

defenseworld.net · 8 Sep 2026

Norfolk Southern Corporation $NSC Shares Acquired by California State Teachers Retirement System

California State Teachers Retirement System lifted its position in shares of Norfolk Southern Corporation (NYSE: NSC) by 34,371.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 107,455,765 shares of the railroad operator's stock after buying an additional

Union Pacific Sees Norfolk Southern Merger Closing by Late 2027 as STB Review Advances

marketbeat.com · 1 Sep 2026

Union Pacific Sees Norfolk Southern Merger Closing by Late 2027 as STB Review Advances

Union Pacific NYSE: UNP executives said the company is moving into the merits phase of federal review for its proposed merger with Norfolk Southern, expressing confidence that the transaction will satisfy Surface Transportation Board requirements and create customer, safety and financial benefits.

STB Should Reject Opponents' Baseless Prima Facie Challenges; Union Pacific – Norfolk Southern Merger Application Easily Meets the Standard

businesswire.com · 26 Aug 2026

STB Should Reject Opponents' Baseless Prima Facie Challenges; Union Pacific – Norfolk Southern Merger Application Easily Meets the Standard

OMAHA, Neb. & ATLANTA--(BUSINESS WIRE)--Union Pacific and Norfolk Southern demonstrated today that opponents' prima facie challenges should be squarely rejected. In their response filing, the railroads emphasized that their application, which includes extensive evidence and represents months of work, easily satisfies the Surface Transportation Board's (STB) threshold requirements. It gives the STB everything it needs to begin its full review and provides overwhelming confirmation that the propos.

Barbara Oil Co. Purchases New Stake in Norfolk Southern Corporation $NSC

defenseworld.net · 24 Aug 2026

Barbara Oil Co. Purchases New Stake in Norfolk Southern Corporation $NSC

Barbara Oil Co. bought a new position in shares of Norfolk Southern Corporation (NYSE: NSC) in the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 12,500 shares of the railroad operator's stock, valued at approximately $3,932,000. Norfolk Southern makes

11,664 Shares in Norfolk Southern Corporation $NSC Acquired by B. Metzler seel. Sohn & Co. AG

defenseworld.net · 22 Aug 2026

11,664 Shares in Norfolk Southern Corporation $NSC Acquired by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn and Co. AG purchased a new stake in Norfolk Southern Corporation (NYSE: NSC) in the undefined quarter, according to its most recent filing with the SEC. The fund purchased 11,664 shares of the railroad operator's stock, valued at approximately $3,669,000. A number of other large investors also recently made

Bank of New York Mellon Corp Invests $364.41 Million in Norfolk Southern Corporation $NSC

defenseworld.net · 22 Aug 2026

Bank of New York Mellon Corp Invests $364.41 Million in Norfolk Southern Corporation $NSC

Bank of New York Mellon Corp bought a new stake in shares of Norfolk Southern Corporation (NYSE: NSC) during the undefined quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,158,377 shares of the railroad operator's stock, valued at approximately $364,414,000. Bank of New York Mellon Corp

Advisors Capital Management LLC Makes New Investment in Norfolk Southern Corporation $NSC

defenseworld.net · 22 Aug 2026

Advisors Capital Management LLC Makes New Investment in Norfolk Southern Corporation $NSC

Advisors Capital Management LLC acquired a new stake in Norfolk Southern Corporation (NYSE: NSC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,195 shares of the railroad operator's stock, valued at approximately $691,000. Several other institutional

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