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) Gross margin
Norfolk Southern Corporation's gross margin over the twelve months to 30 June 2026 was 68.8%, down 1.2 percentage points from fiscal 2025 (69.9%). Over the past ten years it has ranged from 65.2% (fiscal 2015) to 72.4% (fiscal 2021); the current reading is higher than 64% of that period. That is above the Railroads industry median of 30.6% and above the Industrials sector median of 30.5%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 69.9% | (2.28) |
| FY2024 | 72.2% | 5.72 |
| FY2023 | 66.5% | (1.38) |
| FY2022 | 67.9% | (4.55) |
| FY2021 | 72.4% | 1.80 |
| FY2020 | 70.6% | 0.89 |
| FY2019 | 69.7% | 0.04 |
| FY2018 | 69.7% | (1.91) |
| FY2017 | 71.6% | 2.40 |
| FY2016 | 69.2% | 4.05 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 66.3% | (1.43) |
| Mar 2026 | 67.8% | (2.76) |
| Dec 2025 | 70.5% | (0.39) |
| Sep 2025 | 70.9% | 0.93 |
| 42 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| CP Canadian Pacific Kansas City Limited compare | 69.8% |
| CSX CSX Corporation compare | 69.4% |
| NSC Norfolk Southern Corporation | 68.8% |
| UNP Union Pacific Corporation compare | 59.0% |
| WAB Wabtec compare | 35.0% |
| TRN Trinity Industries, Inc. compare | 26.2% |
| FSTR L.B. Foster Company compare | 21.4% |
| GBX Greenbrier Companies, Inc. (The) compare | 15.1% |
| RAIL Freightcar America, Inc. compare | 12.5% |
| Railroads industry median | 30.6% |
| Industrials sector median | 30.5% |
| Market median | 46.2% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on NSC
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- 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
- EV/FCF
- 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