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.
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Norfolk Southern Corporation (NSC) Return on invested capital
Norfolk Southern Corporation's return on invested capital over the twelve months to 30 June 2026 was 7.93%, down 0.8 percentage points from fiscal 2025 (8.75%). Over the past ten years it has ranged from 6.28% (fiscal 2023) to 11.0% (fiscal 2022); the current reading is higher than 64% of that period. That is in line with the Railroads industry median of 7.59% and above the Industrials sector median of 2.30%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 8.75% | 0.23 |
| FY2024 | 8.52% | 2.24 |
| FY2023 | 6.28% | (4.67) |
| FY2022 | 11.0% | 0.52 |
| FY2021 | 10.4% | 3.31 |
| FY2020 | 7.12% | (2.18) |
| FY2019 | 9.30% | (0.16) |
| FY2018 | 9.46% | 0.83 |
| FY2017 | 8.63% | (0.05) |
| FY2016 | 8.68% | 0.17 |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| RAIL Freightcar America, Inc. compare | 14.8% |
| UNP Union Pacific Corporation compare | 13.0% |
| CSX CSX Corporation compare | 9.81% |
| GBX Greenbrier Companies, Inc. (The) compare | 8.65% |
| NSC Norfolk Southern Corporation | 7.93% |
| TRN Trinity Industries, Inc. compare | 7.59% |
| WAB Wabtec compare | 7.16% |
| FSTR L.B. Foster Company compare | 6.88% |
| CP Canadian Pacific Kansas City Limited compare | 4.91% |
| Railroads industry median | 7.59% |
| Industrials sector median | 2.30% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
More on NSC
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement