Norfolk Southern Corporation (NSC) Financial Statements

Norfolk Southern Corporation

NSC · NYSE

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Total Revenue	$12.18B	$12.12B	$12.16B	$12.74B	$11.14B	$9.79B	$11.30B	$11.46B
Operating Expenses	$7.82B	$8.05B	$9.30B	$7.94B	$6.70B	$6.79B	$7.31B	$7.50B
Operating Income	$4.36B	$4.07B	$2.85B	$4.81B	$4.45B	$3.00B	$3.99B	$3.96B
Interest Expense	—	$807.00M	$722.00M	$692.00M	$646.00M	$625.00M	$604.00M	$557.00M
Other Income / (Expense)	$101.00M	$65.00M	$191.00M	$13.00M	$77.00M	$153.00M	$106.00M	$67.00M
Income Before Taxes	$3.67B	$3.33B	$2.32B	$4.13B	$3.88B	$2.53B	$3.49B	$3.47B
Provision for Income Taxes	$792.00M	$707.00M	$493.00M	$860.00M	$873.00M	$517.00M	$769.00M	$803.00M
Net Income	$2.87B	$2.62B	$1.83B	$3.27B	$3.00B	$2.01B	$2.72B	$2.67B
Basic EPS	$12.76	$11.58	$8.04	$13.92	$12.16	$7.88	$10.32	$9.58
Diluted EPS	$12.75	$11.57	$8.02	$13.88	$12.11	$7.84	$10.25	$9.51
Basic Shares Outstanding	225.00M	226.10M	226.90M	234.80M	246.90M	255.10M	263.30M	277.70M
Diluted Shares Outstanding	225.30M	226.40M	227.40M	235.60M	248.10M	256.60M	265.60M	280.20M

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Dec 2026	$12.60	$11.92	$13.05	7	↑6 ↓0
Dec 2027	$13.80	$13.20	$14.40	7	↑4 ↓0
Dec 2028	$15.13	$14.68	$15.35	4	↑2 ↓0
Dec 2029	$16.53	$16.53	$16.53	1	↑1 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: NSC
Type: Stock
Sector: Industrials
Industry: Railroads
Country: North America
Exchange: NYSE

Since 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have safely moved the goods and materials that drive the U.S. economy. Today, it operates a 22-state freight transportation network. Committed to furthering sustainability, Norfolk Southern helps its customers avoid approximately 15 million tons of yearly carbon emissions by shipping via rail. Its dedicated team members deliver approximately 7 million carloads annually, from agriculture to consumer goods. Norfolk Southern also has the most extensive intermodal network in the eastern U.S. It serves a majority of the country's population and manufacturing base, with connections to every major container port on the Atlantic coast as well as major ports across the Gulf Coast and Great Lakes.

Key Issues

Bullish view

NSC's earnings beat, record railway revenues and rising estimates support the view that operating momentum can continue.

Bearish view

The evidence does not establish that the beat or record revenue represents a durable trend, leaving the company exposed if volumes or execution weaken.

Analyst Consensus

See all

Hold

25 analysts

$340

Current

—

Low

$362

Average

—

High

Average target implies +6.31% versus the current price.

Earnings History

BeatMissNo estimate

Peers

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