Norfolk Southern Corporation

Norfolk Southern Corporation

NSC
Norfolk Southern CorporationUS flagNew York Stock Exchange
329.46
USD
+1.63
- -
74.00BMarket Cap
Norfolk Southern Corporation
NSC
(New York Stock Exchange)

Recent

price

329.46

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
25.96
32.34
34.4
36.05
37.57
34.82
33.64
36.65
42.74
43.8
38.83
46.39
55.88
53.86
53.57
54.27
55.86
Revenue per Share
4.06
5.52
5.42
6.1
6.44
5.13
5.66
18.76
9.92
10.53
7.97
12.5
14.33
8.1
11.59
12.8
11.73
Basic EPS, GAAP
3.39
3.09
2.57
3.55
2.58
1.73
3.9
5.31
6.62
7.26
8.5
11.6
9.97
3.78
7.38
9.61
7.26
Free Cash Flow per Basic Share
1.4
1.67
1.94
2.04
2.22
2.36
2.36
2.44
3.15
3.68
3.81
4.28
5.12
5.43
5.39
5.41
5.4
Dividend per Share
29.85
30
31.08
36.55
40.25
40.93
42.73
57.57
57.3
58.87
58.67
56.8
55.83
56.63
63.21
69.28
72.36
Book Value per Share
29.85
30.76
31.98
37.57
41.39
42.34
43.86
58.86
58.72
60.38
60.26
56.8
55.83
56.63
63.21
69.28
72.36
Tangible Book Value per Share
366
346
321
312
309
302
294
288
268
258
252
240
228
226
226
224
225
Basic Weighted Avg Shares
9,516
11,172
11,040
11,245
11,624
10,511
9,888
10,551
11,458
11,296
9,789
11,142
12,745
12,156
12,123
12,180
12,540
Sales/Revenue/Turnover
29.43
30.55
29.33
29.62
31.8
28.52
32.4
35.36
36.62
37.58
37.36
42.31
40.84
35.59
40.23
37.53
36.72
Operating Margin (%)
826
869
922
922
956
1,059
1,030
1,059
1,104
1,139
1,154
1,181
1,221
1,298
1,353
1,393
1,411
Depreciation Expense
1,496
1,916
1,749
1,910
2,000
1,556
1,668
5,404
2,666
2,722
2,013
3,005
3,270
1,827
2,622
2,873
2,636
Net Income, GAAP
36.8
34.34
36.58
35.58
36.18
36.28
35.4
- -
23.15
22.03
20.43
22.51
20.82
21.25
21.24
21.61
21.62
Effective Tax Rate (%)
15.72
17.15
15.84
16.99
17.21
14.8
16.87
51.22
23.27
24.1
20.56
26.97
25.66
15.03
21.63
23.59
21.02
Profit Margin (%)
389
50
161
770
998
281
-48
-396
-729
-219
158
-354
-642
639
-357
-577
-569
Working Capital
6,567
7,390
8,432
8,903
8,883
9,393
9,562
9,136
10,560
12,321
12,446
13,618
14,795
17,462
16,842
16,628
15,967
LT Debt
10,669
9,911
9,760
11,289
12,408
12,188
12,409
16,359
15,362
15,184
14,791
13,641
12,733
12,781
14,306
15,547
16,253
Total Equity
9.97
12.61
11.31
10.84
11.08
8.67
9.13
- -
12.13
12.06
10.33
12.96
14.5
11.5
12.25
10.97
11.03
Return on Invested Capital (%)
10.22
12.61
11.53
11.52
11.18
8.73
9.05
- -
11.74
11.73
8.99
12.57
13.58
8.17
10.49
10.81
10
Return on Capital (%)
14.16
18.53
17.69
18.08
16.83
12.6
13.52
37.54
16.77
17.79
13.41
21.12
24.78
14.32
19.36
19.25
16.97
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
677
609
649
LT Borrowings
16,480
16,492
15,967
LT Finance Leases
148
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
224
225
225
Market Capitalization
64,795
64,458
70,660

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,198
3,024
2,801
Cash, Cash Equivalents & STI
1,530
1,341
1,069
Accounts Receivable, Net
715
828
886
Inventories
271
312
327
Total Current Liabilities
3,775
3,335
3,370
Payables & Accruals
2,036
2,015
2,001
ST Debt
677
609
649
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.04%
1.31%
8.67%
Free Cash Flow
26.29%
14.86%
29.08%
Net Income, GAAP
22.36%
13.41%
9.57%
Sales/Revenue/Turnover
1.84%
4.76%
0.47%
Total Cash Common Dividend
5.79%
5.02%
-0.49%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,004
3,044
3,051
3,024
12,123
2025
2,993
3,110
3,103
2,974
12,180
2026
2,998
3,465
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.23
3.26
4.86
3.24
11.59
2025
3.32
3.41
3.17
2.87
12.8
2026
2.43
3.26
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.35
1.35
1.35
1.35
5.39
2025
1.36
1.35
1.35
1.35
5.41
2026
1.35
1.35
- -
- -
- -
Business
Norfolk Southern Corporation (NYSE: NSC), a leading Class I railroad, operates an extensive 22-state rail network in the Eastern United States, transporting raw materials, intermediate products, and finished goods including merchandise freight such as chemicals, agriculture products, metals, construction materials, paper, and consumer goods; intermodal containers and trailers linking ports and distribution centers; coal from mines to utilities and steel producers; automotive vehicles; and bulk commodities like forest products and metals, supported by a fleet of approximately 3,268 locomotives and 64,285 freight cars. Headquartered in Atlanta, Georgia, since its relocation from Norfolk, Virginia, in 2021, the company traces its origins to the 1982 merger of Norfolk and Western Railway and Southern Railway, with railroading roots dating to 1827. Norfolk Southern connects major ports along the Atlantic and Gulf Coasts, interchanges with all other Class I railroads, and serves diverse customers including manufacturers, retailers, logistics providers, utilities, and steel producers across the Southeast, Northeast, Midwest, and Central Appalachia. In July 2025, Norfolk Southern entered into a definitive agreement to be acquired by Union Pacific Corporation in a $85 billion stock-and-cash transaction valuing Norfolk Southern at $320 per share, a 25% premium, aiming to create America's first modern transcontinental railroad spanning over 50,000 route miles across 43 states and linking 100 ports, with shareholder approval secured in November 2025 and a targeted closing by early 2027 pending Surface Transportation Board review. This strategic combination promises enhanced freight services, reduced transit times, operational synergies exceeding $30 billion in value, and preserved union jobs, while pausing share repurchases post-second quarter 2025 per merger terms. Recent initiatives include a new intermodal gateway partnership with Union Pacific to expand market access and productivity enhancements such as stacking operations for increased intermodal capacity and the Drive Team program for improved terminal operations.

Company News

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

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

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

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

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

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

  • Norfolk Southern EPS Estimates Northbound: How to Play the Stock?

  • US transport regulator resumes review of Union Pacific's proposed Norfolk merger

  • 4,757 Shares in Norfolk Southern Corporation $NSC Acquired by AMG National Trust Bank

  • Empowered Funds LLC Buys 12,071 Shares of Norfolk Southern Corporation $NSC

  • 3 Railroad Stocks to Buy From the Prospering Industry

  • Wall Street Says Hold but Hedge Funds Are Circling NSC's $85 Billion Merger

  • Reviewing Proficient Auto Logistics (NASDAQ:PAL) & Norfolk Southern (NYSE:NSC)

  • Farmers National Bank Has $4.81 Million Stock Holdings in Norfolk Southern Corporation $NSC

  • Is Norfolk Southern Stock Attractive After Its Strong Earnings Beat?

  • Are You Looking for a Top Momentum Pick? Why Norfolk Southern (NSC) is a Great Choice

  • What Makes Norfolk Southern (NSC) a New Buy Stock

  • Union Pacific, Norfolk Southern File Supplemental Information to STB on Merger

  • Union Pacific and Norfolk Southern Affirm Strength of Merger Application and Offer Unprecedented New Customer Assurances

  • Norfolk Southern: Deboning The Appeal With GAAP