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Norfolk Southern

NSC

Norfolk Southern Corporation operates a leading freight railroad system across the Eastern United States, managing approximately 19,100 route miles.

Market cap
$71.69B+21.1%
Revenue$12.2B+0.6%
Net income$2.7B-19.6%
Free cash flow$1.6B-14.4%
EPS (diluted)$11.87-18.9%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 23, 2026 (In 1 week)
Revenue estimate$3.3B
EPS estimate$3.17

Financials

Q1 2026

Income statement

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Revenue$3.0B+0.2%
Operating income$877.0M-23.5%
Net income$547.0M-27.1%
EPS (diluted)$2.43-26.6%

Balance sheet

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Cash & equivalents$1.3B+33.3%
Total equity$15.8B+8.9%
Total assets$45.1B+3.0%

Cash flow

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Operating cash flow$344.0M-63.8%
CapEx$382.0M-14.9%
Free cash flow-$38.0M-108%

Valuation & ratios

Valuation

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Market cap$71.69B+21.1%
P/E26.9×+9.2×
P/S5.9×+1.0×

Profitability

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Operating margin33.5%-7.8pp
Net margin21.9%-5.5pp
FCF margin13.3%-2.3pp

Returns & leverage

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Return on equity17.6%-6.9pp
Current ratio0.9×+0.1×

Segments

By segment

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Railway Operating Revenues Market Group Merchandise$1.9B+1.2%
Railway Operating Revenues Market Group Intermodal$749.0M-1.4%
Railway Operating Revenues Market Group Coal$364.0M-1.6%

Competitors

Profile

Norfolk Southern Corporation operates a leading freight railroad system across the Eastern United States, managing approximately 19,100 route miles. The company provides essential transportation for raw materials, intermediate products, and finished goods, connecting major manufacturing hubs, mines, and distribution centers. Its core value proposition centers on offering the most extensive intermodal network in the eastern half of the U.S. while facilitating global trade through Atlantic and Gulf Coast ports.

Competitive position

A dominant Class I railroad in the Eastern U.S. with a primary duopoly position alongside CSX Corporation.

GeographiesUnited States, Southeast US, Midwest US, East US
Customer segmentsIndustrial manufacturers, Energy utilities, Global shipping lines, Government and Military
Business modelAsset-heavy transportation, B2B logistics service
SuppliersLocomotive and railcar manufacturers, Steel and crosstie suppliers, Fuel and energy providers, Maintenance of way equipment suppliers
CustomersPower utility companies, Automotive OEMs, Global shipping and logistics firms, Heavy industrial manufacturers
Listed1982
Employees20.7K
CEOMark R. George
IndustryRailroads
FilingsSEC EDGAR

Questions, answered.

What is Norfolk Southern's market cap?
Norfolk Southern (NSC) has a market capitalization of $71.7B and trades on NYSE.
What is Norfolk Southern's revenue and profitability?
Norfolk Southern generated $12.2B in trailing twelve-month revenue with net income of $2.7B, representing a net margin of 21.9%, with free cash flow of $1.6B. These figures are based on the Q1 2026 filing.
Who are Norfolk Southern's competitors?
Norfolk Southern's key competitors include CSX Corporation, Union Pacific Corporation, Canadian National Railway, and others. These companies compete in similar markets and product categories.
Who does Norfolk Southern partner with?
Norfolk Southern's notable partners include Amtrak, New Jersey Transit, Southeastern Pennsylvania Transportation Authority, and others.
What subsidiaries does Norfolk Southern have?
Norfolk Southern's subsidiaries include Norfolk Southern Railway Company.
Where is Norfolk Southern headquartered?
Norfolk Southern is headquartered in United States of America and employs approximately 20,700 people. It has been publicly traded since 1982.