Norfolk Southern Corp. (NSC) Financial Statements
Historical financial data — 42 statements covering FY2016–FY2025
Class I railroad Norfolk Southern operates in the Eastern United States. On more than 20,000 miles of track, the rail hauls shipments of coal, intermodal traffic, and a diverse mix of automotive, a...
Norfolk Southern Corp.'s revenue increased 0.5% year over year, from $12.12B to $12.18B.
Net income increased 9.6% over the same period, from $2.62B to $2.87B.
Over the 9-year period from FY2016 to FY2025, revenue grew by 23% in total.
Total debt remained relatively stable at $17.09B.
The debt-to-equity ratio stands at 1.10, indicating a elevated leverage profile.
Operating cash flow grew 7.6% to $4.36B.
Norfolk Southern Corp. maintains a strong net profit margin of 23.6%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $3.05B+0.2% | $1.10B | $1.60B | $1.60B | $1.23B | $43.26B | $17.20B | $13.79B |
| Q4 FY2024 | $3.02B-0.9% | $733.0M | $1.13B | $1.13B | $951.0M | $43.68B | $17.21B | $14.31B |
| Q1 FY2025 | $2.99B-1.0% | $750.0M | $1.15B | $1.15B | $950.0M | $43.80B | $17.21B | $14.51B |
| Q2 FY2025 | $3.11B+3.9% | $768.0M | $1.18B | $1.18B | $1.08B | $44.16B | $17.37B | $14.79B |
| Q3 FY2025 | $3.10B-0.2% | $711.0M | $1.10B | $1.10B | $1.27B | $44.58B | $17.08B | $15.14B |
| Q4 FY2025 | $2.97B-4.2% | $644.0M | $937.0M | $937.0M | $1.06B | $45.24B | $17.09B | $15.55B |
| Q1 FY2026 | $3.00B+0.8% | $547.0M | $877.0M | $877.0M | $344.0M | $45.11B | $17.64B | $15.80B |
| Q2 FY2026 | $3.46B+15.6% | $734.0M | $1.12B | $1.12B | $1.05B | $45.12B | $17.15B | $16.25B |
Balance Sheet Summary (Q2 FY2026)
Norfolk Southern Corp. (NSC) Financial Statements & Revenue History
Norfolk Southern Corp. (NSC) is a US-listed stock operating in the Industrials sector, specifically the Railroads, Line-Haul Operating industry trading at $326.92 with a market capitalization of $73. This page provides 42 historical financial statements for Norfolk Southern Corp., including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Norfolk Southern Corp. reported revenue of $12.2 billion, representing 0.5% year-over-year growth. The net profit margin of 23.6% reflects strong profitability. The debt-to-equity ratio of 1.10 indicates elevated leverage.
NSC Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Norfolk Southern Corp.'s revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether NSC is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track NSC's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Norfolk Southern Corp. converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of NSC's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use NSC Financial Data
Investors use Norfolk Southern Corp.'s financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare NSC's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how NSC's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View NSC's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Norfolk Southern Corp.'s SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.NSC trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.