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NYSE · CIK 0000702165 · RAILROADS, LINE-HAUL OPERATING

NORFOLK SOUTHERN CORP

NSC chart by TradingView
P/E 26.9xP/B 4.4xP/SALES 5.6xEV/EBITDA FCF YIELD 2.30%

PRICE HISTORY

LIVE · NYSE
NSC chart by TradingView
REVENUE FY2025 ENDED DEC 2025
$12.2B
EBITDA
$5.7B
FREE CASH FLOW
$2.2B
EPS
$12.75
GROSS MARGIN
ROIC
19.65%
Q2 FY26ENDED JUN 2026HOVERDRAG ACROSS ANY CHART TO SCRUB ALL 24 · 40 QUARTERS SHOWNVALUATIONGROWTHPROFITABILITY & RETURNSCASH & CAPITALBALANCE SHEET

VALUATION

what you pay for a unit of the business7 CHARTS

P / E RATIO (TTM)

26.9x
+51%
LATEST · Q2 FY26
26.9xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
7.0x40.8x

P / SALES (TTM)

5.6x
+96%
LATEST · Q2 FY26
5.6xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
2.9x6.9x

P / BOOK

4.4x
+89%
LATEST · Q2 FY26
4.4xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
2.3x5.4x

EV / EBITDA (TTM)

+18%
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
9.4x13.0x

EV / REVENUE (TTM)

+38%
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
3.8x6.6x

FCF YIELD (TTM)

2.30%
-1.5pp
LATEST · Q2 FY26
2.30%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
0.67%5.42%

DIVIDEND YIELD (TTM)

1.72%
-0.3pp
LATEST · Q2 FY26
1.72%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
1.40%2.69%

GROWTH

is the business getting bigger5 CHARTS

REVENUE

$3.5B
+37%
LATEST · Q2 FY26
3.5BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EBITDA (DERIVED)

$1.5B
+37%
LATEST · Q2 FY26
1.5BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

NET INCOME

$0.7B
+60%
LATEST · Q2 FY26
0.7BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EPS (DILUTED)

$3.26
+109%
LATEST · Q2 FY26
3.26Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

REVENUE GROWTH YOY

11.41%
+18.4pp
LATEST · Q2 FY26
11.41%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-28.72%34.24%

PROFITABILITY & RETURNS

what survives to the bottom, and what it earns on capital4 CHARTS

FCF MARGIN

17.75%
-2.4pp
LATEST · Q2 FY26
17.75%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-5.30%28.96%

RETURN ON CAPITAL

+12.1pp
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
7.50%25.19%

RETURN ON EQUITY (TTM)

16.22%
+3.2pp
LATEST · Q2 FY26
16.22%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
11.28%38.32%

MARGIN FUNNEL

every line is a share of the same revenue, so they read on one scale — the gaps are what each layer takes out, and net rises above operating when income arrives from outside the business
GROSS MARGIN
OPERATING MARGIN32.44%
NET MARGIN21.18%
FCF MARGIN17.75%
164.07117.8871.6825.49-20.70OPERNETFCFQ3 FY16Q3 FY17Q3 FY18Q3 FY19Q3 FY20Q3 FY21Q3 FY22Q3 FY23Q3 FY24Q3 FY25Q2 FY26

CASH & CAPITAL

where the money actually goes5 CHARTS

FREE CASH FLOW

$0.6B
+21%
LATEST · Q2 FY26
0.6BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

STOCK-BASED COMP

$0.0B
+243%
LATEST · Q2 FY26
0.0BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

CAPITAL EXPENDITURE

$0.4B
+18%
LATEST · Q2 FY26
0.4BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

SHARES OUTSTANDING

0.23B
-24%
LATEST · Q2 FY26
0.23BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

DIVIDEND / SHARE

$1.35
+88%
LATEST · Q2 FY26
1.35Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

BALANCE SHEET

how much cushion there is3 CHARTS

CASH & EQUIVALENTS

$1.1B
+9%
LATEST · Q2 FY26
1.1BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

TOTAL DEBT

-94%
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

DEBT / EBITDA (TTM)

-96%
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
0.0x2.5x

OWNERSHIP

10 LARGEST HOLDERS · WHO OWNS THE FLOAT
INSTITUTIONS 78.67%INSIDERS 0.05%OTHER / RETAIL 21.28%2,289 INSTITUTIONAL FILERS
HOLDER% HELDSHARESVALUECHANGE
Blackrock Inc.6.80%15.3M$5.11B+2.5%
Vanguard Capital Management LLC6.49%14.6M$4.88BNEW
State Street Corporation4.38%9.8M$3.29B+1.3%
Dodge & Cox Inc.2.79%6.3M$2.09B-35.0%
Geode Capital Management, LLC2.26%5.1M$1.70B+4.1%
Millennium Management Llc2.04%4.6M$1.53B+10.4%
Vanguard Portfolio Management LLC1.79%4.0M$1.35BNEW
Pentwater Capital Management Lp1.43%3.2M$1.08B+6.7%
Bank of America Corporation1.43%3.2M$1.07B-0.9%
Northern Trust Corporation1.17%2.6M$881.9M-2.0%
AS OF 2026-03-31 · MOST RECENT 13F FILINGS
SOURCE → 10-K · 10-Q · 8-K / GUIDANCE · ALL FILINGS
FILING DATA AS OF 2026-08-10. Figures are derived from public SEC EDGAR filings (40most recent quarters shown, Q4 implied as full-year minus Q1-Q3). Valuation multiples use each period’s fiscal period-end close. Live price charts and quotes are provided by TradingView. This page is informational only — it is not investment advice, and figures are not warranted for accuracy. EBITDA is not a GAAP measure; it is derived as operating income + D&A. Verify against the linked source filing before relying on any number here.