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

Norfolk Southern Corporation

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

320.34 8.91 −2.71%

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Market cap: $74.0B
P/E: 26.9×
Fwd P/E: 27.8×
Dividend yield: 2.11%
F-score: 6/9
Altman Z: 2.29
Beneish M: −2.62
Dividend safety: 68/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Norfolk Southern Corporation (NSC) P/S ratio

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As of 6 November 2026, Norfolk Southern Corporation (NSC) trades at a P/S ratio of 5.6×. Over the past ten years it has ranged from 1.9× (February 2016) to 7.4× (May 2021); the current reading is higher than 83% of that period. That is above the Railroads industry median of 2.5× and above the Industrials sector median of 1.5×.

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<iframe src="https://stockrow.com/embed/NSC/ps-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Norfolk Southern Corporation P/S ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/NSC/metrics/ps-ratio">Norfolk Southern Corporation (NSC) P/S ratio — stockrow.com</a></p>

Period	P/S ratio	Change
FY2025	5.3×	21.84%
FY2024	4.4×	(0.49%)
FY2023	4.4×	(3.61%)
FY2022	4.6×	(30.83%)
FY2021	6.6×	6.54%
FY2020	6.2×	36.84%
FY2019	4.5×	24.85%
FY2018	3.6×	(9.62%)
FY2017	4.0×	26.10%
FY2016	3.2×	30.89%

Period	P/S ratio	Change
Sep 2026	5.4×	(4.98%)
Jun 2026	5.6×	6.56%
Mar 2026	5.3×	(0.86%)
Dec 2025	5.3×	(3.24%)
43 more quarters	Free account

Against its own ten years

Low 1.9× High 7.4×

Ten-year median 4.3×

Current reading's percentile 81

Company	P/S ratio
RAIL Freightcar America, Inc. compare	0.3×
GBX Greenbrier Companies, Inc. (The) compare	0.5×
FSTR L.B. Foster Company compare	0.7×
TRN Trinity Industries, Inc. compare	1.1×
WAB Wabtec compare	3.9×
NSC Norfolk Southern Corporation	5.6×
CSX CSX Corporation compare	6.1×
UNP Union Pacific Corporation compare	6.5×
CP Canadian Pacific Kansas City Limited compare	7.0×
Railroads industry median	2.5×
Industrials sector median	1.5×
Market median	1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

Norfolk Southern Corporation (NSC) P/S ratio

P/S ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/S ratio against peers

What P/S ratio is

More on NSC

P/S ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/S ratio against peers

What P/S ratio is

More on NSC

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