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) Operating margin

Norfolk Southern Corporation's operating margin over the twelve months to 30 June 2026 was 32.2%, down 3.6 percentage points from fiscal 2025 (35.8%). Over the past ten years it has ranged from 23.5% (fiscal 2023) to 39.9% (fiscal 2021); the current reading is higher than 82% of that period. That is above the Railroads industry median of 24.3% and above the Industrials sector median of 5.15%.

Operating margin, annual

Annual

Period Operating margin Change (points)
FY2025 35.8% 2.18
FY2024 33.6% 10.13
FY2023 23.5% (14.28)
FY2022 37.7% (2.18)
FY2021 39.9% 9.24
FY2020 30.7% (4.64)
FY2019 35.3% 0.76
FY2018 34.6% 1.17
FY2017 33.4% 2.95
FY2016 30.4% 2.99

Quarterly

Period Operating margin Change (points)
Jun 2026 32.4% 3.19
Mar 2026 29.3% (2.26)
Dec 2025 31.5% (3.88)
Sep 2025 35.4% (2.39)
42 more quarters

Against its own ten years

Low 23.5% High 39.9%
Ten-year median 33.6%
Current reading's percentile 82

Operating margin against peers

Company Operating margin
UNP Union Pacific Corporation compare 40.0%
TRN Trinity Industries, Inc. compare 37.0%
CP Canadian Pacific Kansas City Limited compare 36.7%
CSX CSX Corporation compare 34.2%
NSC Norfolk Southern Corporation 32.2%
WAB Wabtec compare 16.4%
GBX Greenbrier Companies, Inc. (The) compare 7.23%
FSTR L.B. Foster Company compare 4.36%
RAIL Freightcar America, Inc. compare 3.77%
Railroads industry median 24.3%
Industrials sector median 5.15%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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