Norfolk Southern Corporation

NSC Industrials Railroads

Norfolk Southern Corporation’s revenue for fiscal 2025 (year ended December 2025) was $12.2 billion, roughly unchanged from fiscal 2024.

Revenue
+11.4%
EPS
−4.40%
Free cash flow
−3.08%
Total debt
−4.32%

Quarter to June 2026, against a year earlier

342.64 0.45 +0.13%
Market cap
$76.9B
P/E
29.2×
Fwd P/E
27.8×
Dividend yield
1.97%
F-score
6/9
Altman Z
2.29
Beneish M
−2.62
Dividend safety
68/100

Norfolk Southern Corporation 10-K filed Feb 9, 2026

Fiscal year 2025 · Period ended Dec 31, 2025 · Filed · accepted 11:58 AM ET · Document on sec.gov · Filing index

What changed

Item 1, Business, against the 10-K filed Feb 10, 2025: 4 added · 1 removed · 7 modified; 14 with only figures updated

  1. Added · •Code of Ethical Conduct for Senior Financial Officers

    Merger Agreement – On July 28, 2025, we entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Union Pacific Corporation, a Utah corporation (“Union Pacific”), Ruby Merger Sub 1 Corporation, a Virginia corporation and a direct wholly owned subsidiary of Union Pacific (“Merger Sub 1”), and Ruby Merger Sub 2 LLC, a Virginia limited liability company and a direct wholly owned subsidiary of Union Pacific (“Merger Sub 2”).