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Norfolk Southern NSC EBITDA margin

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Other financials

Income statement

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Revenue$3.5B+11.4%
Operating income$1.1B-4.3%
Net income$734.0M-4.4%
EPS (diluted)$3.26-4.4%

Balance sheet

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Cash & equivalents$1.1B-18.0%
Total debt$16.6B
Total equity$16.3B+9.9%
Total assets$45.1B+2.2%

Cash flow

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Operating cash flow$1.1B-2.1%
CapEx$439.0M-7.6%
Free cash flow$615.0M+2.2%

Valuation

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Market cap$75.35B+21.2%
Enterprise value$90.9B
P/E28.6×+10.0×
P/S+0.9×

Profitability

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Operating margin32.2%-9.3pp
Net margin21%-6.5pp
FCF margin13%-3.6pp

Returns & leverage

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Return on equity17%-7.1pp
Debt / equity
Current ratio0.8×0.0×

Where this comes from

Calculated from Norfolk Southern’s reported figures.

Based on trailing twelve months.

The source filing: Norfolk Southern’s 10-Q, filed July 23, 2026. Open the filing →

Filed
Jul 23, 2026, 11:34 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-049326

FAQ

What is Norfolk Southern's EBITDA margin?
Norfolk Southern (NSC) reported EBITDA margin of 43.4% in Q2 2026.
How has Norfolk Southern's EBITDA margin changed year-over-year?
Norfolk Southern's EBITDA margin decreased by 17.6% year-over-year, from 52.7% to 43.4%.
What is the long-term trend for Norfolk Southern's EBITDA margin?
Over 5 years (2020 to 2025), Norfolk Southern's EBITDA margin has grown at a 2.1% compound annual growth rate (CAGR), from 42.5% to 47.2%.
What does EBITDA margin mean?
EBITDA (earnings before interest, taxes, depreciation, and amortization) as a percentage of revenue, trailing twelve months. A proxy for cash operating profitability that strips out capital-structure and non-cash charges.

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