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

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

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Columns are period end dates · fundamentals updated 2 Nov 2026

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