Norfolk Southern $NSC

Industrials · Rail Transportation · NYSE/NASDAQ

$323.73
+2.59 (+0.81%)
As of Oct 15, 2026, 1:34 AM EDT
Price history
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Norfolk Southern (NSC) is trading up at $323.73 (+0.81%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Industrials sector.

Norfolk Southern revenue & net income history (FY2016–FY2025)

RevenueNet incomeNet margin (right axis, %)
$12.7B$6.37B$0FY2016 revenue: $9.89BFY2016 net income: $1.66B · Net margin 16.8%'16FY2017 revenue: $10.6BFY2017 net income: $5.40B · Net margin 51.2%'17FY2018 revenue: $11.5BFY2018 net income: $2.67B · Net margin 23.3%'18FY2019 revenue: $11.3BFY2019 net income: $2.72B · Net margin 24.1%'19FY2020 revenue: $9.79BFY2020 net income: $2.01B · Net margin 20.6%'20FY2021 revenue: $11.1BFY2021 net income: $3.00B · Net margin 27.0%'21FY2022 revenue: $12.7BFY2022 net income: $3.27B · Net margin 25.7%'22FY2023 revenue: $12.2BFY2023 net income: $1.83B · Net margin 15.0%'23FY2024 revenue: $12.1BFY2024 net income: $2.62B · Net margin 21.6%'24FY2025 revenue: $12.2BFY2025 net income: $2.87B · Net margin 23.6%'250%20%40%60%FY2016 net margin: 16.8%FY2017 net margin: 51.2%FY2018 net margin: 23.3%FY2019 net margin: 24.1%FY2020 net margin: 20.6%FY2021 net margin: 27.0%FY2022 net margin: 25.7%FY2023 net margin: 15.0%FY2024 net margin: 21.6%FY2025 net margin: 23.6%
Norfolk Southern annual financial statements
FY2016Dec 2016FY2017Dec 2017FY2018Dec 2018FY2019Dec 2019FY2020Dec 2020FY2021Dec 2021FY2022Dec 2022FY2023Dec 2023FY2024Dec 2024FY2025Dec 2025
Income statement
Revenue$9.89B$10.6B$11.5B$11.3B$9.79B$11.1B$12.7B$12.2B$12.1B$12.2B
Growth (year over year)−5.9%+6.7%+8.6%−1.4%−13.3%+13.8%+14.4%−4.6%−0.3%+0.5%
Operating income$3.01B$3.52B$3.96B$3.99B$3.00B$4.45B$4.81B$2.85B$4.07B$4.36B
Operating margin30.4%33.4%34.6%35.3%30.7%39.9%37.7%23.5%33.6%35.8%
Net income$1.66B$5.40B$2.67B$2.72B$2.01B$3.00B$3.27B$1.83B$2.62B$2.87B
Net margin16.8%51.2%23.3%24.1%20.6%27.0%25.7%15.0%21.6%23.6%
EPS (diluted)$5.62$18.61$9.51$10.25$7.84$12.11$13.88$8.02$11.57$12.75
Balance sheet
Cash and equivalents$956.0M$690.0M$358.0M$580.0M$1.11B$839.0M$456.0M$1.57B$1.64B$1.53B
Total assets$34.9B$35.7B$36.2B$37.9B$38.0B$38.5B$38.9B$41.7B$43.7B$45.2B
Total liabilities$22.5B$19.4B$20.9B$22.7B$23.2B$24.9B$26.2B$28.9B$29.4B$29.7B
Long-term debt$9.56B$9.14B$10.6B$11.9B$12.1B$13.3B$14.5B$17.2B$16.7B$16.5B
Shareholders' equity$12.4B$16.4B$15.4B$15.2B$14.8B$13.6B$12.7B$12.8B$14.3B$15.5B
Cash flow
Operating cash flow$3.03B$3.25B$3.73B$3.89B$3.64B$4.25B$4.22B$3.18B$4.05B$4.36B
Capital expenditure$1.89B$1.72B$1.95B$2.02B$1.49B$1.47B$1.95B$2.33B$2.38B$2.20B
Free cash flow$1.15B$1.53B$1.77B$1.87B$2.14B$2.79B$2.27B$852.0M$1.67B$2.16B
Dividends paid$695.0M$703.0M$844.0M$949.0M$960.0M$1.03B$1.17B$1.23B$1.22B$1.22B
Share buybacks$803.0M$1.01B$2.78B$2.10B$1.44B$3.39B$3.11B$622.0M$0$534.0M

From Norfolk Southern's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

About Norfolk Southern

The Norfolk Southern Railway is a Class I freight railroad operating in the Eastern United States. Headquartered in Atlanta, the company was formed in 1982 with the merger of the Norfolk and Western Railway and Southern Railway. The company operates 19,420 route miles (31,250 km) in 22 eastern states and the District of Columbia, and has rights in Canada over the Albany to Montreal route of the Canadian Pacific Kansas City. Norfolk Southern Railway is the leading subsidiary of the Norfolk Southern Corporation.

Source: Wikipedia — Norfolk Southern Railway

Headquarters
Atlanta, Georgia From SEC filings, Oct 2026

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