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Saturday 17 October 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. 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.

326.92 2.09 +0.64%
Market cap
$73.0B
P/E
27.9×
Fwd P/E
26.4×
Dividend yield
1.65%
F-score
6/9
Altman Z
2.29
Beneish M
−2.62
Dividend safety
68/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Norfolk Southern Corporation (NSC) Price to free cash flow

Alert me on Price to free cash flow

As of 16 October 2026, Norfolk Southern Corporation (NSC) trades at a price to free cash flow of 38.5×. Over the past ten years it has ranged from 13.9× (March 2020) to 117× (April 2024); the current reading is higher than 86% of that period. That is above the Railroads industry median of 27.3× and above the Industrials sector median of 20.1×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 28.0× 17.57%
FY2024 23.8× (58.24%)
FY2023 57.0× 148.66%
FY2022 22.9× (8.18%)
FY2021 25.0× 1.99%
FY2020 24.5× 7.76%
FY2019 22.7× 8.26%
FY2018 21.0× (14.10%)
FY2017 24.4× (0.79%)
FY2016 24.6× (43.50%)

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 37.1× 10.81%
Mar 2026 33.5× 19.52%
Dec 2025 28.0× (6.58%)
Sep 2025 30.0× 34.11%
42 more quarters

Against its own ten years

Low 13.9× High 117×
Ten-year median 25.1×
Current reading's percentile 86

Price to free cash flow against peers

Company Price to free cash flow
TRN Trinity Industries, Inc. compare n/m
FSTR L.B. Foster Company compare 7.6×
RAIL Freightcar America, Inc. compare 10.6×
GBX Greenbrier Companies, Inc. (The) compare 20.3×
UNP Union Pacific Corporation compare 26.4×
WAB Wabtec compare 28.2×
CSX CSX Corporation compare 30.5×
NSC Norfolk Southern Corporation 38.5×
CP Canadian Pacific Kansas City Limited compare 43.9×
Railroads industry median 27.3×
Industrials sector median 20.1×
Market median 14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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