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Norfolk Southern NSC Free cash flow

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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%

Valuation

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Market cap$79.21B+29.6%
Enterprise value$94.76B
P/E30.1×+11.8×
P/S6.3×+1.3×

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.

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 free cash flow?
Norfolk Southern (NSC) reported free cash flow of $615M in Q2 2026.
How has Norfolk Southern's free cash flow changed year-over-year?
Norfolk Southern's free cash flow increased by 2.2% year-over-year, from $602M to $615M.
What is the long-term trend for Norfolk Southern's free cash flow?
Over 3 years (2021 to 2025), Norfolk Southern's free cash flow has grown at a -8.2% compound annual growth rate (CAGR), from $2.79B to $2.16B.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.

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