NORFOLK SOUTHERN CORP

NSCCIK 000070216519 fiscal years

RevenueFY2025

$12.18B0.5%

Net incomeFY2025

$2.87B9.6%

Free cash flowFY2025

$2.16B29.1%

Diluted EPSFY2025

$12.7510.2%

Trends

FY2007–FY2025 · hover a year for its filing

Revenue & net incomeRevenueNet income

revenue 1.3× since FY2007 · net margin 16.1% → 23.6%

MarginsNet marginFCF margin

FY2025: net 23.6% · free cash flow 17.7% of revenue

Cash flowOperating cash flowFree cash flow

FY2025: $4.36B operating cash − $2.20B capex = $2.16B free cash flow

Returns on capitalReturn on equityReturn on assets

return on equity 18% (FY2008) → 18% (FY2025) · on assets 6.4%

Balance sheetLiabilitiesEquity

FY2025: $45.24B assets · $29.69B liabilities · $15.55B equity

Financial statements

Annual Quarterly

USD millions, except per-share values; share counts in millions. Hover a value for its XBRL tag and filing accession.

USD millions	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
Revenue	12,180	12,123	12,156	12,745	11,142	9,789	11,296	11,458	10,551	9,888	10,511	11,624
Net income	2,873	2,622	1,827	3,270	3,005	2,013	2,722	2,666	5,404	1,668	1,556	2,000
Diluted EPS	12.75	11.57	8.02	13.88	12.11	7.84	10.25	9.51	18.61	5.62	5.10	6.39
Diluted shares	225	226	227	236	248	257	266	280	290	296	304	313
Operating cash flow	4,361	4,052	3,179	4,222	4,255	3,637	3,892	3,726	3,253	3,034	2,908	2,915
Capital expenditures	2,204	2,381	2,327	1,948	1,470	1,494	2,019	1,951	1,723	1,887	2,385	2,118
Free cash flow	2,157	1,671	852	2,274	2,785	2,143	1,873	1,775	1,530	1,147	523	797
Cash & equivalents	1,530	1,641	1,568	456	839	1,115	580	358	690	956	1,101	973
Total assets	45,236	43,682	41,652	38,885	38,493	37,962	37,923	36,239	35,711	34,892	34,139	33,200
Total liabilities	29,689	29,376	28,871	26,152	24,852	23,171	22,739	20,877	19,352	22,483	21,951	20,792
Shareholders' equity	15,547	14,306	12,781	12,733	13,641	14,791	15,184	15,362	16,359	12,409	12,188	12,408

As reported in SEC filings; a missing tag shows “—”, never zero. Free cash flow is operating cash flow − capex. Methodology