NORFOLK SOUTHERN CORP
Company Stats
- Market Cap
- $69.4B
- as of Sep 30, 2026
- Enterprise Value
- $85.0B
- Shares Outstanding
- 224.6M
- Free Float
- 100.0%
Income Statement
- Revenue
- $12.2B
- Operating Income
- $4.4B
- Net Income
- $2.9B
- EBITDA
- $5.7B
- Revenue Growth, 3Y
- -1.5%
- FCF Margin, 3Y Avg
- 12.8%
- FCF Margin, Worst Year
- 7.0%
Cash Flow
- Free Cash Flow
- $2.2B
- FCF Yield
- 3.1%
- Owner FCF Yield
- 3.0%
Balance Sheet
- Cash & Equivalents
- $1.5B
- Total Debt
- $17.1B
- Net Debt
- $15.6B
- Net Debt / EBITDA
- 2.71x
- EV / EBITDA
- 14.78x
- Net Debt / EBIT
- 3.57x
Returns & Capital
- Dividends Paid
- $1.2B
- Dividend Yield
- 1.8%
- Dividend Payout, 3Y Avg
- 52.0%
- Share Repurchases
- $534.0M
- Buyback Yield, 3Y Avg
- 0.6%
- SBC, 3Y Avg
- $47.7M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $12.2B | $2.2B | 17.7% |
| FY2024 | $12.1B | $1.7B | 13.8% |
| FY2023 | $12.2B | $852.0M | 7.0% |
| FY2022 | $12.7B | $2.3B | 17.8% |
| FY2021 | $11.1B | $2.8B | 25.0% |
Annual filing data through FY ended December 31, 2025; shares and float as of November 7, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Railroads Gain Freight Volume And Revenue
Stronger demand supports expansion as pricing diverges