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Norfolk Southern NSC Metals and construction — Total

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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$76.92B+21.2%
Enterprise value$92.47B
P/E29.2×+10.2×
P/S6.1×+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

Reported directly by Norfolk Southern in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

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

Filed
Jul 23, 2026, 11:34 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-049326
Line itemSecond Quarter / 2026Second Quarter / 2025First Six Months / 2026First Six Months / 2025
Merchandise:
Agriculture, forest and consumer products$673$645$1,298$1,281
Chemicals6465461,2131,081
Metals and construction480458893872
Automotive334323614601
Merchandise2,1331,9724,0183,835
Intermodal9087431,6571,503
Coal424395788765

Item 1. Financial Statements

FAQ

What is Norfolk Southern's metals and construction — total?
Norfolk Southern (NSC) reported metals and construction — total of $480M in Q2 2026.
What does metals and construction — total mean?
This metric represents the total railway operating revenue generated specifically from the transportation of metals, construction materials, and related industrial commodities. It serves as a key indicator of the company's exposure to cyclical industrial activity, infrastructure development, and manufacturing demand within its service territory. Tracking this revenue stream allows investors to assess the performance of the industrial freight segment relative to the company's broader diversified portfolio.

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