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Norfolk Southern NSC Q3 2025 earnings

Reported October 23, 2025 · After market close

Revenue$3.1BMiss by $8.7M
EPS$3.30Beat by $0.11
Revenue estimate$3.1B
EPS estimate$3.19

Next report

Oct 22, 2026 (In 2 weeks)
Revenue estimate$3.5B
EPS estimate$3.54

Financials

Q3 2025

Income statement

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Revenue$3.1B+1.7%
Operating income$1.1B-31.2%
Net income$711.0M-35.3%
EPS (diluted)$3.16-34.8%

Balance sheet

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Cash & equivalents$1.4B+45.4%
Total equity$15.1B+9.8%
Total assets$44.6B+3.1%

Cash flow

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Operating cash flow$1.3B+3.7%
CapEx$551.0M-5.2%
Free cash flow$720.0M+11.6%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$67.4B+20.0%
P/E22.8×-0.5×
P/S5.5×+0.9×

Profitability

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Operating margin37.2%+6.4pp
Net margin24.2%+4.4pp
FCF margin17.2%—

Returns & leverage

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Return on equity20.5%+2.2pp
Current ratio0.9×+0.1×

Segments

By segment

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Railway Operating Revenues Market Group Merchandise$2.0B+5.8%
Railway Operating Revenues Market Group Intermodal$759.0M-0.5%
Railway Operating Revenues Market Group Coal$375.0M-12.2%

FAQ

When did Norfolk Southern report Q3 2025 earnings?
Norfolk Southern (NSC) reported Q3 2025 earnings on October 23, 2025 after market close.
What were Norfolk Southern's Q3 2025 revenue and EPS?
Norfolk Southern reported revenue of $3.1B and eps of $3.30 for Q3 2025.
Did Norfolk Southern beat estimates in Q3 2025?
Revenue missed the consensus estimate of $3.1B by $8.7M. EPS beat the consensus estimate of $3.19 by $0.11.
Where can I find Norfolk Southern's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001193125-25-248775) and the 10-Q periodic report (0001628280-25-046128) directly on SEC EDGAR. The filing index links above go to sec.gov.