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Norfolk Southern NSC EBITDA margin

EBITDA margin at other companies

Canadian Pacific Kansas City logo
Canadian Pacific Kansas CityCP
50.6%+1.4pp
Union Pacific logo
Union PacificUNP
50.3%+0.3pp
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CSXCSX
45.2%-1.1pp
Wabtec logo
WabtecWAB
20.5%-0.2pp
Old Dominion Freight Line logo
Old Dominion Freight LineODFL
31.3%-0.9pp
JB Hunt Transport Services logo
JB Hunt Transport ServicesJBHT
13.3%+0.2pp

Other financials

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

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Market cap$67.5B+20.2%
P/E25.3×+8.4×
P/S5.5×+0.9×

Profitability

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Operating margin33.5%-7.8pp
Net margin21.9%-5.5pp

Returns & leverage

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Return on equity17.6%-6.9pp
Debt / equity0.0×
Current ratio0.9×+0.1×

Where this comes from

Calculated from Norfolk Southern’s reported figures.

Based on trailing twelve months.

The official record: Norfolk Southern’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Norfolk Southern's EBITDA margin?
Norfolk Southern (NSC) reported EBITDA margin of 45% in Q1 2026.
How has Norfolk Southern's EBITDA margin changed year-over-year?
Norfolk Southern's EBITDA margin decreased by 14.3% year-over-year, from 52.6% to 45%.
What is the long-term trend for Norfolk Southern's EBITDA margin?
Over 4 years (2021 to 2025), Norfolk Southern's EBITDA margin has grown at a 0.5% compound annual growth rate (CAGR), from 197% to 201%.
What does EBITDA margin mean?
Operating cash profitability per sales dollar, before interest, taxes, and non-cash charges.
How do you interpret EBITDA margin?
Useful for comparing operating profitability across firms with different depreciation policies and leverage. High EBITDA margin alongside heavy capex can still mean weak free cash flow — pair it with FCF margin.
How does EBITDA margin compare across companies?
Widely used to compare capital-intensive businesses on a like-for-like basis. Less meaningful for banks and insurers.