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) Shares outstanding
Norfolk Southern Corporation's shares outstanding at the end of fiscal 2025 was $225.3M, unchanged from fiscal 2024. At the end of the quarter to 30 June 2026 it was $225.0M. Over the past ten years it has ranged from $225.3M (fiscal 2025) to $304.4M (fiscal 2015) — the current reading is the lowest in ten years. Norfolk Southern Corporation ranks 4th of 11 Railroads companies by shares outstanding.
Shares outstanding, annual
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Annual newest first
| Period | Shares outstanding | Change |
|---|---|---|
| FY2025 | $225.3M | (0.49%) |
| FY2024 | $226.4M | (0.44%) |
| FY2023 | $227.4M | (3.48%) |
| FY2022 | $235.6M | (5.04%) |
| FY2021 | $248.1M | (3.31%) |
| FY2020 | $256.6M | (3.39%) |
| FY2019 | $265.6M | (5.21%) |
| FY2018 | $280.2M | (3.48%) |
| FY2017 | $290.3M | (1.93%) |
| FY2016 | $296.0M | (2.76%) |
Quarterly newest first
| Period | Shares outstanding | Change |
|---|---|---|
| Jun 2026 | $225.0M | 0.00% |
| Mar 2026 | $225.0M | (0.13%) |
| Dec 2025 | $225.3M | 0.27% |
| Sep 2025 | $224.7M | (0.22%) |
| 42 more quarters | Free account |
Against its own ten years
Shares outstanding against peers
| Company | Shares outstanding |
|---|---|
| CSX CSX Corporation compare | $1.9B |
| CP Canadian Pacific Kansas City Limited compare | $887.1M |
| UNP Union Pacific Corporation compare | $594.0M |
| NSC Norfolk Southern Corporation | $225.0M |
| WAB Wabtec compare | $169.6M |
| TRN Trinity Industries, Inc. compare | $81.6M |
| RAIL Freightcar America, Inc. compare | $31.9M |
| GBX Greenbrier Companies, Inc. (The) compare | $31.7M |
| FSTR L.B. Foster Company compare | $10.6M |
What Shares outstanding is
Shares (Diluted, Weighted) tells an investor how many shares a company’s earnings are spread across once potential new shares are counted.
Reported line item
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- 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
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement