Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Norfolk Southern Corp

NSC · NYSE · Industrial

Fundamental quality

REASONABLE

61

out of 100

Breakdown by area

I.GrowthEPS growth: -6.1% · Revenue growth: -1.4%
21
II.ProfitabilityNet margin: 21.9% · ROE: 16.9%
84
III.Financial healthNet debt/EBITDA: 1.73x · FCF: 13.3%
79

Source: SEC EDGAR · TTM through 31/03/2026

The score combines growth, profitability and financial strength. Here its profitability weighs in its favor, while its growth drags it down the most.

Strengths

  • High net margin (21.9%), a sign of a very profitable business.
  • Strong free-cash-flow generation (FCF margin of 13.3%).

Risks and weaknesses

  • Declining revenue (-1.4% annualized).
  • Declining earnings per share (-6.1% annualized).

Historical evolution

YearRevenueNet incomeFree cash flowNet debt
2021$11,142M$3,005M$2,785M-$286M
2022$12,745M$3,270M$2,274M$247M
2023$12,156M$1,827M$852M-$1,564M
2024$12,123M$2,622M$1,671M-$1,086M
2025$12,180M$2,873M$2,157M-$923M

Between 2021 and 2025, revenue went from $11,142M to $12,180M (+9%) and net income went from $3,005M to $2,873M (-4%).

Annual figures in U.S. dollars per SEC filings. Net debt is total debt minus cash.

Frequently asked questions

Is Norfolk Southern Corp a profitable company?

Yes. Norfolk Southern Corp shows a net margin of 21.9% and an ROE of 16.9%, a sign of a profitable business.

Does Norfolk Southern Corp have a lot of debt?

A moderate level: its net debt is 1.73 times its EBITDA.

Is Norfolk Southern Corp growing?

Its revenue has fallen 1.4% annualized in recent years.

Does Norfolk Southern Corp generate cash?

Yes. It converts about 13.3% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

Is Norfolk Southern Corp cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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