Norfolk Southern Corporation NSC

313.00 (0.17) (0.05%) as of 25 Sep
Market cap
$70.3B
P/E
26.7×
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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

Annual

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

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

Against its own ten years

Low 65.2% High 72.4%
Ten-year median 69.7%
Current reading's percentile 64

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 46.3%

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

The full definition of Gross margin →

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