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

320.34 8.91 −2.71%
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

Norfolk Southern Corporation (NSC) Revenue growth

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Norfolk Southern Corporation's revenue growth over the twelve months to 30 September 2026 was 5.99%, up 5.5 percentage points from fiscal 2025 (0.47%). Over the past ten years it has ranged from −13.3% (fiscal 2020) to 14.4% (fiscal 2022); the current reading is higher than 64% of that period. That is in line with the Railroads industry median of 5.99% and below the Industrials sector median of 8.58%.

Revenue growth, annual

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Annual newest first

Period Revenue growth Change (points)
FY2025 0.47% 0.74
FY2024 −0.27% 4.35
FY2023 −4.62% (19.01)
FY2022 14.4% 0.57
FY2021 13.8% 27.16
FY2020 −13.3% (11.93)
FY2019 −1.41% (10.01)
FY2018 8.60% 1.89
FY2017 6.71% 12.64
FY2016 −5.93% 3.65

Quarterly newest first

Period Revenue growth Change (points)
Sep 2026 13.6% 2.22
Jun 2026 11.4% 11.24
Mar 2026 0.17% 1.82
Dec 2025 −1.65% (3.35)
43 more quarters

Against its own ten years

Low −13.3% High 14.4%
Ten-year median −0.27%
Current reading's percentile 64

Revenue growth against peers

Company Revenue growth
FSTR L.B. Foster Company compare 15.8%
WAB Wabtec compare 13.3%
UNP Union Pacific Corporation compare 7.40%
CP Canadian Pacific Kansas City Limited compare 7.35%
NSC Norfolk Southern Corporation 5.99%
CSX CSX Corporation compare 5.80%
RAIL Freightcar America, Inc. compare −0.50%
TRN Trinity Industries, Inc. compare −2.38%
GBX Greenbrier Companies, Inc. (The) compare −24.0%
Railroads industry median 5.99%
Industrials sector median 8.58%
Market median 7.71%

What Revenue growth is

Revenue Growth shows how fast a company’s sales are rising or falling compared with the same period a year earlier.

(Revenue − Revenue a year earlier) ÷ |Revenue a year earlier|

The full definition of Revenue growth →

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