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. In the quarter to June 2026, revenue grew 11.4%, EPS fell 4.40%, free cash flow fell 3.08% and total debt fell 4.32%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years; insiders bought in the last twelve months.
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Norfolk Southern Corporation (NSC) EV/FCF
As of 9 October 2026, Norfolk Southern Corporation (NSC) trades at a EV/FCF of 45.6×. Over the past ten years it has ranged from 19.1× (March 2020) to 152× (April 2024); the current reading is higher than 83% of that period.
EV/FCF, daily
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Annual newest first
| Period | EV/FCF | Change |
|---|---|---|
| FY2025 | 34.7× | 12.67% |
| FY2024 | 30.8× | (58.19%) |
| FY2023 | 73.6× | 156.35% |
| FY2022 | 28.7× | (2.23%) |
| FY2021 | 29.4× | 0.79% |
| FY2020 | 29.2× | 4.56% |
| FY2019 | 27.9× | 5.47% |
| FY2018 | 26.4× | (11.02%) |
| FY2017 | 29.7× | (6.79%) |
| FY2016 | 31.9× | (45.91%) |
Quarterly newest first
| Period | EV/FCF | Change |
|---|---|---|
| Jun 2026 | 45.2× | 8.63% |
| Mar 2026 | 41.6× | 20.02% |
| Dec 2025 | 34.7× | (6.04%) |
| Sep 2025 | 36.9× | 29.23% |
| 42 more quarters | Free account |
Against its own ten years
EV/FCF against peers
| Company | EV/FCF |
|---|---|
| TRN Trinity Industries, Inc. compare | −21.0× |
| FSTR L.B. Foster Company compare | 8.6× |
| RAIL Freightcar America, Inc. compare | 13.3× |
| UNP Union Pacific Corporation compare | 29.7× |
| WAB Wabtec compare | 31.5× |
| CSX CSX Corporation compare | 35.5× |
| GBX Greenbrier Companies, Inc. (The) compare | 43.8× |
| NSC Norfolk Southern Corporation | 45.6× |
| CP Canadian Pacific Kansas City Limited compare | 52.7× |
What EV/FCF is
EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.
((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)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))
More on NSC
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement