Financial Statements · From SEC 10-K & 10-Q XBRL Filings
Norfolk Southern Corporation Revenue & Financial Statements
Norfolk Southern Corporation reported revenue of $12.2B for the fiscal year ended December 31, 2025, up 0.5% year over year, with net income of $2.9B and diluted EPS of $12.75.
- Company
- Norfolk Southern Corporation NSC · NYSE
- Latest fiscal year
- FY ended Dec 31, 2025
- Statements
- Income · Balance Sheet · Cash Flow — 5 fiscal years, 8 quarters
Income Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | 11.1B | 12.7B | 12.2B | 12.1B | 12.2B |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating income | 4.4B | 4.8B | 2.9B | 4.1B | 4.4B |
| Pretax income | 3.9B | 4.1B | 2.3B | 3.3B | 3.7B |
| Net income | 3.0B | 3.3B | 1.8B | 2.6B | 2.9B |
| Diluted EPS | 12.11 | 13.88 | 8.02 | 11.57 | 12.75 |
| EBITDA | 5.6B | 6.0B | 4.1B | 5.4B | 5.7B |
Quarterly
| USD | Q4 '24 | Q2 '25 | Q1 '25 | Q3 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.0B | — | 3.0B | — | 3.1B | 3.1B | 3.0B | 3.0B |
| Cost of revenue | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Operating income | 1.1B | — | 1.1B | — | 1.2B | 1.1B | 937.0M | 877.0M |
| Pretax income | 928.0M | — | 978.0M | — | 998.0M | 924.0M | 765.0M | 715.0M |
| Net income | 732.0M | 750.0M | 749.0M | 768.0M | 767.0M | 711.0M | 644.0M | 547.0M |
| Diluted EPS | 3.23 | — | 3.31 | — | 3.41 | 3.16 | 2.87 | 2.43 |
| EBITDA | 1.5B | — | 1.5B | — | 1.5B | 1.4B | 1.3B | 1.2B |
Balance Sheet
Fiscal year-end snapshots. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total assets | 38.5B | 38.9B | 41.7B | 43.7B | 45.2B |
| Current assets | 2.2B | 2.0B | 3.3B | 3.2B | 3.2B |
| Cash & equivalents | 839.0M | 456.0M | 1.6B | 1.6B | 1.5B |
| Total liabilities | 24.9B | 26.2B | 28.9B | 29.4B | 29.7B |
| Current liabilities | 2.5B | 2.6B | 2.6B | 3.5B | 3.8B |
| Long-term debt | — | — | — | — | — |
| Total debt | — | 100.0M | 0 | — | — |
| Stockholders’ equity | 13.6B | 12.7B | 12.8B | 14.3B | 15.5B |
| Net debt | — | (356.0M) | (1.6B) | — | — |
Cash Flow Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Operating cash flow | 4.3B | 4.2B | 3.2B | 4.1B | 4.4B |
| Investing cash flow | (1.2B) | (1.6B) | (2.2B) | (2.8B) | (2.6B) |
| Financing cash flow | (3.3B) | (3.0B) | 115.0M | (1.2B) | (1.9B) |
| Capital expenditure | 1.5B | 1.9B | 2.3B | 2.4B | 2.2B |
| Free cash flow | 2.8B | 2.3B | 830.0M | 1.7B | 2.2B |
| Dividends paid | — | — | — | — | — |
| Stock-based compensation | — | — | — | — | — |
Figures are parsed from SEC XBRL company facts and may be derived where issuers report year-to-date values (quarterly figures differenced; Q4 computed as FY minus Q3). Fiscal periods follow each company's fiscal calendar, not calendar years. Historical fact, not investment advice — verify with official SEC filings.
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