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Norfolk Southern NSC Price / earnings

Price / earnings at other companies

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Canadian Pacific Kansas CityCP
17.3×+0.3×
Union Pacific logo
Union PacificUNP
20×-1.1×
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CSXCSX
25×+7.9×
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WabtecWAB
35.2×+7.2×
Old Dominion Freight Line logo
Old Dominion Freight LineODFL
40.4×+9.8×
JB Hunt Transport Services logo
JB Hunt Transport ServicesJBHT
32.2×+5.9×

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/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 the most recent quarter.

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 price / earnings?
Norfolk Southern (NSC) reported price / earnings of 24.1× in Q1 2026.
How has Norfolk Southern's price / earnings changed year-over-year?
Norfolk Southern's price / earnings increased by 49.5% year-over-year, from 16.1× to 24.1×.
What is the long-term trend for Norfolk Southern's price / earnings?
Over 4 years (2021 to 2025), Norfolk Southern's price / earnings has grown at a -4.8% compound annual growth rate (CAGR), from 96.1× to 78.8×.
What does price / earnings mean?
How many dollars investors pay for each dollar of the company's annual profit.
How do you interpret price / earnings?
Lower can mean cheaper — or that the market expects earnings to fall. High multiples embed growth expectations. Meaningless when earnings are negative, so it is suppressed there.
How does price / earnings compare across companies?
Compare against the company's own history and sector peers, not across sectors with different growth and risk profiles.