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NS

NORFOLK SOUTHERN CORP

NSC Industrials · Transportation
Latest period 2026-06-30 · 38 filings on record
Quarterly TTM Annual
8Q 3Y 5Y 10Y MAX
09-03 → 26-06 70 QUARTERS
SHOWING Discrete quarters as filed — each point is one 10-Q, or a Q4 derived from the 10-K.
Ranked against Industrials · 69 peers

Each grade is a single reported quarter's assessment, never an average — a card shows the grade at the newest quarter in view, so it follows the period and range controls above. Latest scored quarter: 2026-06-30.

Growth 37th pct

▲+26 over range · as of 2026-06-30

Revenue +11.4% YoY, earnings -4.4% YoY · sector avg 71

Quality 58th pct

▲+2 over range · as of 2026-06-30

21.2% net margin, 16% return on equity, 13% free-cash-flow margin, profitable in 8 of last 8 quarters · sector avg 49

Safety 17th pct

▼−4 over range · as of 2026-06-30

Net debt 2.9x EBITDA, 6x interest coverage, 0.8x current ratio · sector avg 68

OVERVIEWQoQ Δ

Latest quarter · ending 2026-06-30 · green = improving · click a row to chart it

Revenue $3.5B +15.6% Gross margin — — Operating margin 32.4% +3.2pp Net margin 21.2% +2.9pp Net income $734.0M +34.2%
Debt / equity 1.02 −5.5%
EPS (diluted) $3.26 +34.2% EBITDA $1.5B +20.6%

Filings

Full history 38 match
ALL 10-K 10-Q Q1 Q2 Q3 FY SORT NEWEST ↓
Year Q1Q2Q3FY
2026 10-Q 10-Q
2025 10-Q 10-Q 10-Q 10-K
2024 10-Q 10-Q 10-Q 10-K
2023 10-Q 10-Q 10-Q 10-K
2022 10-Q 10-Q 10-Q 10-K
2021 10-Q 10-Q 10-Q 10-K
2020 10-Q 10-Q 10-Q 10-K
2019 10-Q 10-K
10-Q Q2 2026 2026-07-23 Pro → 10-Q Q1 2026 2026-04-24 Pro → 10-K FY 2025 2026-02-09 Pro → 10-Q Q3 2025 2025-10-23 Pro → 10-Q Q2 2025 2025-07-29 Pro → 10-Q Q1 2025 2025-04-23 Pro →
All 38 filings 10-K FY 2024 2025-02-10 Pro → 10-Q Q3 2024 2024-10-22 Pro → 10-Q Q2 2024 2024-07-26 Pro → 10-Q Q1 2024 2024-04-24 Pro → 10-K FY 2023 2024-02-05 Pro → 10-Q Q3 2023 2023-10-25 Pro → 10-Q Q2 2023 2023-07-27 Pro → 10-Q Q1 2023 2023-04-26 Pro → 10-K FY 2022 2023-02-03 Pro → 10-Q Q3 2022 2022-10-26 Pro → 10-Q Q2 2022 2022-07-27 Pro → 10-Q Q1 2022 2022-04-27 Pro → 10-K FY 2021 2022-02-04 Pro → 10-Q Q3 2021 2021-10-27 Pro → 10-Q Q2 2021 2021-07-28 Pro → 10-Q Q1 2021 2021-04-28 Pro → 10-K FY 2020 2021-02-04 Pro → 10-Q Q3 2020 2020-10-28 Pro → 10-Q Q2 2020 2020-07-29 Pro → 10-Q Q1 2020 2020-04-29 Pro → 10-K FY 2019 2020-02-06 Pro → 10-Q Q3 2019 2019-10-23 Pro → 10-K FY 2018 2019-02-08 Pro → 10-K FY 2017 2018-02-05 Pro → 10-K FY 2016 2017-02-06 Pro → 10-K FY 2015 2016-02-08 Pro → 10-K FY 2014 2015-02-11 Pro → 10-K FY 2013 2014-02-14 Pro → 10-K FY 2012 2013-02-15 Pro → 10-K FY 2011 2012-02-15 Pro → 10-K FY 2010 2011-02-17 Pro → 10-K FY 2009 2010-02-17 Pro →

Filing-level fact detail is a Pro feature. The grades and figures above are free. See Pro plans

Trends

Quarter-over-quarter, from cached filings
Revenue
Latest$3.5B QoQ+15.6% Periods70
$3.5B$2.3B$1.1B$009-032009-03-3117-122017-12-3126-062026-06-30
Revenue by period
PeriodPeriod end Revenue
09-032009-03-31 $1.9B
09-062009-06-30 $1.9B
09-092009-09-30 $2.1B
09-122009-12-31 $2.1B
10-032010-03-31 $2.2B
10-062010-06-30 $2.4B
10-092010-09-30 $2.5B
10-122010-12-31 $2.4B
11-032011-03-31 $2.6B
11-062011-06-30 $2.9B
11-092011-09-30 $2.9B
11-122011-12-31 $2.8B
12-032012-03-31 $2.8B
12-062012-06-30 $2.9B
12-092012-09-30 $2.7B
12-122012-12-31 $2.7B
13-032013-03-31 $2.7B
13-062013-06-30 $2.8B
13-092013-09-30 $2.8B
13-122013-12-31 $2.9B
14-032014-03-31 $2.7B
14-062014-06-30 $3.0B
14-092014-09-30 $3.0B
14-122014-12-31 $2.9B
15-032015-03-31 $2.6B
15-062015-06-30 $2.7B
15-092015-09-30 $2.7B
15-122015-12-31 $2.5B
16-032016-03-31 $2.4B
16-062016-06-30 $2.5B
16-092016-09-30 $2.5B
16-122016-12-31 $2.5B
17-032017-03-31 $2.6B
17-062017-06-30 $2.6B
17-092017-09-30 $2.7B
17-122017-12-31 $2.7B
18-032018-03-31 $2.7B
18-062018-06-30 $2.9B
18-092018-09-30 $2.9B
18-122018-12-31 $2.9B
19-032019-03-31 $2.8B
19-062019-06-30 $2.9B
19-092019-09-30 $2.8B
19-122019-12-31 $2.7B
20-032020-03-31 $2.6B
20-062020-06-30 $2.1B
20-092020-09-30 $2.5B
20-122020-12-31 $2.6B
21-032021-03-31 $2.6B
21-062021-06-30 $2.8B
21-092021-09-30 $2.9B
21-122021-12-31 $2.9B
22-032022-03-31 $2.9B
22-062022-06-30 $3.2B
22-092022-09-30 $3.3B
22-122022-12-31 $3.2B
23-032023-03-31 $3.1B
23-062023-06-30 $3.0B
23-092023-09-30 $3.0B
23-122023-12-31 $3.1B
24-032024-03-31 $3.0B
24-062024-06-30 $3.0B
24-092024-09-30 $3.1B
24-122024-12-31 $3.0B
25-032025-03-31 $3.0B
25-062025-06-30 $3.1B
25-092025-09-30 $3.1B
25-122025-12-31 $3.0B
26-032026-03-31 $3.0B
26-062026-06-30 $3.5B
Net income
Latest$734.0M QoQ+34.2% Periods70
$4.0B$2.6B$1.3B$009-032009-03-3117-122017-12-3126-062026-06-30
Net income by period
PeriodPeriod end Net income
09-032009-03-31 $177.0M
09-062009-06-30 $247.0M
09-092009-09-30 $303.0M
09-122009-12-31 $307.0M
10-032010-03-31 $257.0M
10-062010-06-30 $392.0M
10-092010-09-30 $445.0M
10-122010-12-31 $402.0M
11-032011-03-31 $325.0M
11-062011-06-30 $557.0M
11-092011-09-30 $554.0M
11-122011-12-31 $480.0M
12-032012-03-31 $410.0M
12-062012-06-30 $524.0M
12-092012-09-30 $402.0M
12-122012-12-31 $413.0M
13-032013-03-31 $450.0M
13-062013-06-30 $465.0M
13-092013-09-30 $482.0M
13-122013-12-31 $513.0M
14-032014-03-31 $368.0M
14-062014-06-30 $562.0M
14-092014-09-30 $559.0M
14-122014-12-31 $511.0M
15-032015-03-31 $310.0M
15-062015-06-30 $433.0M
15-092015-09-30 $452.0M
15-122015-12-31 $361.0M
16-032016-03-31 $387.0M
16-062016-06-30 $405.0M
16-092016-09-30 $460.0M
16-122016-12-31 $416.0M
17-032017-03-31 $433.0M
17-062017-06-30 $497.0M
17-092017-09-30 $506.0M
17-122017-12-31 $4.0B
18-032018-03-31 $552.0M
18-062018-06-30 $710.0M
18-092018-09-30 $702.0M
18-122018-12-31 $702.0M
19-032019-03-31 $677.0M
19-062019-06-30 $722.0M
19-092019-09-30 $657.0M
19-122019-12-31 $666.0M
20-032020-03-31 $381.0M
20-062020-06-30 $392.0M
20-092020-09-30 $569.0M
20-122020-12-31 $671.0M
21-032021-03-31 $673.0M
21-062021-06-30 $819.0M
21-092021-09-30 $753.0M
21-122021-12-31 $760.0M
22-032022-03-31 $703.0M
22-062022-06-30 $819.0M
22-092022-09-30 $958.0M
22-122022-12-31 $790.0M
23-032023-03-31 $466.0M
23-062023-06-30 $356.0M
23-092023-09-30 $478.0M
23-122023-12-31 $527.0M
24-032024-03-31 $53.0M
24-062024-06-30 $737.0M
24-092024-09-30 $1.1B
24-122024-12-31 $733.0M
25-032025-03-31 $750.0M
25-062025-06-30 $768.0M
25-092025-09-30 $711.0M
25-122025-12-31 $644.0M
26-032026-03-31 $547.0M
26-062026-06-30 $734.0M
Operating income
Latest$1.1B QoQ+28.2% Periods70
$1.6B$1.1B$526.7M$009-032009-03-3117-122017-12-3126-062026-06-30
Operating income by period
PeriodPeriod end Operating income
09-032009-03-31 $383.0M
09-062009-06-30 $468.0M
09-092009-09-30 $562.0M
09-122009-12-31 $549.0M
10-032010-03-31 $555.0M
10-062010-06-30 $733.0M
10-092010-09-30 $746.0M
10-122010-12-31 $642.0M
11-032011-03-31 $600.0M
11-062011-06-30 $875.0M
11-092011-09-30 $938.0M
11-122011-12-31 $800.0M
12-032012-03-31 $745.0M
12-062012-06-30 $934.0M
12-092012-09-30 $731.0M
12-122012-12-31 $714.0M
13-032013-03-31 $691.0M
13-062013-06-30 $836.0M
13-092013-09-30 $849.0M
13-122013-12-31 $881.0M
14-032014-03-31 $667.0M
14-062014-06-30 $1.0B
14-092014-09-30 $998.0M
14-122014-12-31 $891.0M
15-032015-03-31 $606.0M
15-062015-06-30 $814.0M
15-092015-09-30 $822.0M
15-122015-12-31 $642.0M
16-032016-03-31 $723.0M
16-062016-06-30 $770.0M
16-092016-09-30 $820.0M
16-122016-12-31 $761.0M
17-032017-03-31 $757.0M
17-062017-06-30 $872.0M
17-092017-09-30 $895.0M
17-122017-12-31 $998.0M
18-032018-03-31 $835.0M
18-062018-06-30 $1.0B
18-092018-09-30 $1.0B
18-122018-12-31 $1.1B
19-032019-03-31 $966.0M
19-062019-06-30 $1.1B
19-092019-09-30 $996.0M
19-122019-12-31 $962.0M
20-032020-03-31 $568.0M
20-062020-06-30 $610.0M
20-092020-09-30 $840.0M
20-122020-12-31 $984.0M
21-032021-03-31 $1.0B
21-062021-06-30 $1.2B
21-092021-09-30 $1.1B
21-122021-12-31 $1.1B
22-032022-03-31 $1.1B
22-062022-06-30 $1.3B
22-092022-09-30 $1.3B
22-122022-12-31 $1.2B
23-032023-03-31 $711.0M
23-062023-06-30 $576.0M
23-092023-09-30 $756.0M
23-122023-12-31 $808.0M
24-032024-03-31 $213.0M
24-062024-06-30 $1.1B
24-092024-09-30 $1.6B
24-122024-12-31 $1.1B
25-032025-03-31 $1.1B
25-062025-06-30 $1.2B
25-092025-09-30 $1.1B
25-122025-12-31 $937.0M
26-032026-03-31 $877.0M
26-062026-06-30 $1.1B
ZOOM
09-03 26-06

Grade history

Point-in-time: each period shows the grade of the quarter it ends at — grades are never summed or averaged across a window.

Growth 37 Quality 58 Safety 17
025507510009-032009-03-3117-122017-12-3126-062026-06-30

Hover to read every grade at a period · shared with the trends chart · axis fixed 0–100

Grade history by period
PeriodPeriod end GrowthQualitySafety
09-032009-03-31 not scorednot scorednot scored
09-062009-06-30 not scorednot scorednot scored
09-092009-09-30 not scorednot scorednot scored
09-122009-12-31 not scorednot scorednot scored
10-032010-03-31 not scorednot scorednot scored
10-062010-06-30 not scorednot scorednot scored
10-092010-09-30 not scorednot scorednot scored
10-122010-12-31 not scorednot scorednot scored
11-032011-03-31 not scorednot scorednot scored
11-062011-06-30 not scorednot scorednot scored
11-092011-09-30 not scorednot scorednot scored
11-122011-12-31 not scorednot scorednot scored
12-032012-03-31 not scorednot scorednot scored
12-062012-06-30 not scorednot scorednot scored
12-092012-09-30 not scorednot scorednot scored
12-122012-12-31 not scorednot scorednot scored
13-032013-03-31 not scorednot scorednot scored
13-062013-06-30 not scorednot scorednot scored
13-092013-09-30 not scorednot scorednot scored
13-122013-12-31 not scorednot scorednot scored
14-032014-03-31 not scorednot scorednot scored
14-062014-06-30 not scorednot scorednot scored
14-092014-09-30 not scorednot scorednot scored
14-122014-12-31 not scorednot scorednot scored
15-032015-03-31 not scorednot scorednot scored
15-062015-06-30 not scorednot scorednot scored
15-092015-09-30 not scorednot scorednot scored
15-122015-12-31 not scorednot scorednot scored
16-032016-03-31 not scorednot scorednot scored
16-062016-06-30 not scorednot scorednot scored
16-092016-09-30 not scorednot scorednot scored
16-122016-12-31 not scorednot scorednot scored
17-032017-03-31 not scorednot scorednot scored
17-062017-06-30 not scorednot scorednot scored
17-092017-09-30 not scorednot scorednot scored
17-122017-12-31 not scorednot scorednot scored
18-032018-03-31 not scorednot scorednot scored
18-062018-06-30 not scorednot scorednot scored
18-092018-09-30 not scorednot scorednot scored
18-122018-12-31 not scorednot scorednot scored
19-032019-03-31 not scorednot scorednot scored
19-062019-06-30 not scorednot scorednot scored
19-092019-09-30 not scorednot scorednot scored
19-122019-12-31 not scorednot scorednot scored
20-032020-03-31 not scorednot scorednot scored
20-062020-06-30 not scorednot scorednot scored
20-092020-09-30 not scorednot scorednot scored
20-122020-12-31 not scorednot scorednot scored
21-032021-03-31 not scorednot scorednot scored
21-062021-06-30 not scorednot scorednot scored
21-092021-09-30 not scorednot scorednot scored
21-122021-12-31 not scorednot scorednot scored
22-032022-03-31 not scorednot scorednot scored
22-062022-06-30 not scorednot scorednot scored
22-092022-09-30 not scorednot scorednot scored
22-122022-12-31 not scorednot scorednot scored
23-032023-03-31 not scorednot scorednot scored
23-062023-06-30 not scorednot scorednot scored
23-092023-09-30 115621
23-122023-12-31 145027
24-032024-03-31 10287
24-062024-06-30 665112
24-092024-09-30 676120
24-122024-12-31 436320
25-032025-03-31 656822
25-062025-06-30 397119
25-092025-09-30 186917
25-122025-12-31 216918
26-032026-03-31 106016
26-062026-06-30 375817