FY2025 · ended Dec 31, 2025 · Revenue $12.18B, +0.5% YoY · Filed Feb 9, 2026
Norfolk Southern Corp (NSC) files with the SEC under industry code 4011, Railroads, Line-Haul Operating. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $12.2 billion and net income of $2.9 billion. Free cash flow was $2.2 billion. As of Sep 30, 2026 it held $5.8 billion in cash and investments and $16.0 billion in total debt.
Revenue (TTM)
$12.96B
+6.0% vs year-ago TTM
Net income (TTM)
$2.68B
-9.4% vs year-ago TTM
Operating cash flow (TTM)
$3.78B
-11.0% vs year-ago TTM
Free cash flow (TTM)
$1.65B
-21.5% vs year-ago TTM
EPS (TTM)
$11.92
-9.1% vs year-ago TTM
Dividend per share
$5.40
+0.0% vs prior year
Shares outstanding
224.57M
-0.8% vs prior year
Net cash
$-10.18B
as of Sep 30, 2026
Operating margin
31.5%
FY 2026
Company profile
- Industry
- Railroads, Line-Haul Operating (SIC 4011)
- Listed as
- NSC (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- VA
- Headquarters
- Atlanta, GA
- SEC filer status
- Large accelerated filer
- SEC CIK
- 702165
Other Railroads, Line-Haul Operating companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $12.2B | $12.1B | $12.2B | $12.7B | $11.1B |
| Operating income | $4.4B | $4.1B | $2.9B | $4.8B | $4.4B |
| Net income | $2.9B | $2.6B | $1.8B | $3.3B | $3.0B |
| Diluted EPS | $12.75 | $11.57 | $8.02 | $13.88 | $12.11 |
| Operating cash flow | $4.4B | $4.1B | $3.2B | $4.2B | $4.3B |
| Free cash flow | $2.2B | $1.7B | $852.0M | $2.3B | $2.8B |
| Total assets | $45.2B | $43.7B | $41.7B | $38.9B | $38.5B |
| Total liabilities | $29.7B | $29.4B | $28.9B | $26.2B | $24.9B |
| Stockholders' equity | $15.5B | $14.3B | $12.8B | $12.7B | $13.6B |
| Cash and investments | $5.6B | $5.0B | $5.4B | $4.2B | $4.5B |
| Total debt | $17.3B | $17.5B | $392.0M | $510.0M | $14.3B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Oct 22, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations, Regulation FD disclosure
|
Oct 22, 2026 | Oct 22, 2026 |
| 10-Q | Quarterly report | Jul 23, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations, Regulation FD disclosure
|
Jul 23, 2026 | Jul 23, 2026 |
| 8-K |
Current report
Officer or director change, Regulation FD disclosure
|
Jun 1, 2026 | May 31, 2026 |
| 8-K |
Current report
Shareholder vote results
|
May 8, 2026 | May 8, 2026 |
All 1005 Norfolk Southern Corp SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.