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Friday 6 November 2026 Export NSC’s income statement to Excel — free account

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.

Revenue
+13.6%
EPS
+6.65%
Free cash flow
+7.49%
Total debt
−2.75%

Quarter to September 2026, against a year earlier

328.49 15.65 −4.55%
Market cap
$74.0B
P/E
27.5×
Fwd P/E
27.8×
Dividend yield
2.05%
F-score
6/9
Altman Z
2.29
Beneish M
−2.62
Dividend safety
68/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Norfolk Southern Corporation (NSC) P/E ratio

Alert me on P/E ratio

As of 5 November 2026, Norfolk Southern Corporation (NSC) trades at a P/E ratio of 27.5×. Over the past ten years it has ranged from 6.7× (April 2018) to 40.8× (April 2024); the current reading is higher than 86% of that period. That is in line with the Railroads industry median of 26.9× and above the Industrials sector median of 23.3×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 22.6× 11.53%
FY2024 20.3× (30.91%)
FY2023 29.4× 64.89%
FY2022 17.8× (27.45%)
FY2021 24.6× (18.75%)
FY2020 30.2× 59.62%
FY2019 18.9× 20.57%
FY2018 15.7× 101.80%
FY2017 7.8× (58.82%)
FY2016 18.9× 15.31%

Quarterly newest first

Period P/E ratio Change
Sep 2026 25.9× (3.51%)
Jun 2026 26.8× 11.02%
Mar 2026 24.2× 6.77%
Dec 2025 22.6× (1.18%)
43 more quarters

Against its own ten years

Low 6.7× High 40.8×
Ten-year median 19.5×
Current reading's percentile 85

P/E ratio against peers

Company P/E ratio
RAIL Freightcar America, Inc. compare n/m
TRN Trinity Industries, Inc. compare 7.5×
GBX Greenbrier Companies, Inc. (The) compare 16.1×
UNP Union Pacific Corporation compare 23.2×
CSX CSX Corporation compare 26.3×
NSC Norfolk Southern Corporation 27.5×
FSTR L.B. Foster Company compare 29.3×
CP Canadian Pacific Kansas City Limited compare 29.9×
WAB Wabtec compare 34.7×
Railroads industry median 26.9×
Industrials sector median 23.3×
Market median 17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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