Norfolk Southern Corporation NSC
- Market cap
- $70.3B
- P/E
- 26.7×
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Norfolk Southern Corporation (NSC) Free cash flow
Norfolk Southern Corporation's free cash flow for fiscal 2025 was $2.3B, unchanged from fiscal 2024. Over the twelve months to 30 June 2026 it was $1.9B. Over the past ten years it has ranged from $586.0M (fiscal 2015) to $2.9B (fiscal 2021); the current reading is higher than 73% of that period. Norfolk Southern Corporation ranks 3rd of 11 Railroads companies by free cash flow.
Free cash flow, annual
Annual
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $2.3B | 4.13% |
| FY2024 | $2.2B | 137.63% |
| FY2023 | $938.0M | (63.03%) |
| FY2022 | $2.5B | (13.82%) |
| FY2021 | $2.9B | 18.90% |
| FY2020 | $2.5B | 10.04% |
| FY2019 | $2.3B | 13.69% |
| FY2018 | $2.0B | 14.26% |
| FY2017 | $1.7B | 35.63% |
| FY2016 | $1.3B | 117.92% |
Quarterly
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | $630.0M | 408.06% |
| Mar 2026 | $124.0M | (67.20%) |
| Dec 2025 | $378.0M | (51.16%) |
| Sep 2025 | $774.0M | 19.08% |
| 42 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| UNP Union Pacific Corporation compare | $6.5B |
| CSX CSX Corporation compare | $3.0B |
| NSC Norfolk Southern Corporation | $1.9B |
| CP Canadian Pacific Kansas City Limited compare | $1.8B |
| WAB Wabtec compare | $1.7B |
| GBX Greenbrier Companies, Inc. (The) compare | $59.8M |
| FSTR L.B. Foster Company compare | $47.1M |
| RAIL Freightcar America, Inc. compare | $17.9M |
| TRN Trinity Industries, Inc. compare | −$337.7M |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on NSC
- Revenue
- Net income
- EBITDA
- 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
- The full statement