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

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
+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%
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
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Norfolk Southern Corporation (NSC) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Norfolk Southern Corporation (NSC) trades at a EV/EBITDA of 16.1×. Over the past ten years it has ranged from 7.1× (August 2015) to 20.2× (April 2024); the current reading is higher than 86% of that period. That is above the Railroads industry median of 13.5× and above the Industrials sector median of 12.4×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 14.0× 10.69%
FY2024 12.7× (24.01%)
FY2023 16.7× 37.75%
FY2022 12.1× (21.36%)
FY2021 15.4× (11.50%)
FY2020 17.4× 41.98%
FY2019 12.2× 18.39%
FY2018 10.3× (8.01%)
FY2017 11.2× 11.47%
FY2016 10.1× 15.07%

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 15.3× (3.26%)
Jun 2026 15.8× 8.27%
Mar 2026 14.6× 4.37%
Dec 2025 14.0× 0.01%
43 more quarters

Against its own ten years

Low 7.1× High 20.2×
Ten-year median 12.0×
Current reading's percentile 86

EV/EBITDA against peers

Company EV/EBITDA
RAIL Freightcar America, Inc. compare 7.1×
TRN Trinity Industries, Inc. compare 7.4×
GBX Greenbrier Companies, Inc. (The) compare 10.6×
FSTR L.B. Foster Company compare 11.4×
UNP Union Pacific Corporation compare 15.6×
CSX CSX Corporation compare 15.7×
NSC Norfolk Southern Corporation 16.1×
CP Canadian Pacific Kansas City Limited compare 17.7×
WAB Wabtec compare 20.2×
Railroads industry median 13.5×
Industrials sector median 12.4×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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