Friday 6 November 2026 Export NSC’s income statement to Excel — free account

Norfolk Southern Corporation

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

Revenue: +13.6%
EPS: +6.65%
Free cash flow: +7.49%
Total debt: −2.75%

Quarter to September 2026, against a year earlier

328.49 15.65 −4.55%

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Market cap: $74.0B
P/E: 27.5×
Fwd P/E: 27.8×
Dividend yield: 2.05%
F-score: 6/9
Altman Z: 2.29
Beneish M: −2.62
Dividend safety: 68/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Older periods	Dec '25	Mar '26	Jun '26	Sep '26
P/E ratio Full definition →	+8 more quarters Free account	22.64	24.18	26.84	25.90
P/S ratio Full definition →		5.33	5.29	5.63	5.35
P/FCF ratio Full definition →		27.99	33.45	37.07	35.34
P/Operating CF Full definition →		61.11	187.30	67.04	52.50
P/B ratio Full definition →		4.18	4.08	4.35	4.15
Price to Tangible BV Full definition →		4.18	4.08	4.35	4.15
EV/Sales Full definition →		6.61	6.58	6.87	6.51
EV/EBITDA Full definition →		14.01	14.62	15.83	15.31
EV/Operating CF Full definition →		18.46	21.36	23.10	22.31
EV/FCF Full definition →		34.69	41.64	45.23	42.98
Quick Ratio Full definition →		0.67	0.74	0.67	0.77
Current Ratio Full definition →		0.85	0.91	0.83	0.90
Net Debt/EBITDA Full definition →		12.06	12.82	10.49	9.92
Debt/Assets Full definition →		37.77%	37.91%	36.82%	36.16%
Debt/Equity Full definition →		1.10	1.08	1.02	0.99
Asset Turnover Full definition →		0.27	0.27	0.28	0.29
Operating CF/Net income Full definition →		1.65	0.63	1.44	1.74
Capex/Depreciation Full definition →		(1.94)	(0.62)	(1.18)	(1.35)
Interest Coverage Full definition →		4.81	4.45	5.71	5.96
Research and Development Expense of Revenue Full definition →		0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →		25.32%	24.68%	21.47%	21.36%
Intangible Assets out of Total Assets Full definition →		0.00	0.00	0.00	0.00
Share Based Compensation of Revenue Full definition →		0.00%	0.00%	0.00%	0.00%
Graham Net Nets Full definition →		(0.41)	(0.41)	(0.37)	(0.37)
Graham Number Full definition →		140.79	137.12	138.14	141.40
Earnings Yield Full definition →		4.42%	4.14%	3.73%	3.86%
Free Cash Flow Yield Full definition →		3.57%	2.99%	2.70%	2.83%
Revenue per Share Full definition →		13.22	13.35	15.43	15.70
Operating CF per Share Full definition →		4.72	1.53	4.69	5.89
Capex per Share Full definition →		(3.04)	(0.98)	(1.89)	(2.18)
Free Cash Flow per Share Full definition →		1.68	0.55	2.81	3.70
Cash per Share Full definition →		6.80	5.97	4.76	7.11
Shareholders Equity per Share Full definition →		69.10	70.40	72.36	74.49
Interest Debt per Share Full definition →		0.00	0.00	0.00	0.00
Book value per Share Full definition →		69.10	70.40	72.36	74.49
Free Cash Flow Full definition →		378.00	124.00	630.00	832.00
Working Capital Full definition →		(577.00)	(311.00)	(569.00)	(356.00)
Capital Expenditures Full definition →		(685.00)	(220.00)	(424.00)	(490.00)
Net Current Asset Value Full definition →		(26,491.00)	(26,285.00)	(26,068.00)	(25,894.00)
EV/EBIT Full definition →		18.48	19.62	21.36	20.65
Capex to Sales Full definition →		0.23	0.07	0.12	0.14
Price to Operating Income Full definition →		14.91	15.77	17.51	16.98
Other line items
Average Receivables Full definition →		1,028.50	1,177.00	1,150.00	1,165.50
Average Payables Full definition →		1,783.50	1,570.00	1,643.50	1,860.50
Average Inventory Full definition →		274.00	292.50	320.00	325.00
Average Assets Full definition →		44,459.00	44,456.50	44,638.50	45,264.50
Average Common Equity Full definition →		14,926.50	15,157.50	15,520.00	15,935.50

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Columns are period end dates · fundamentals updated 2 Nov 2026

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