NORFOLK SOUTHERN CORP
NSC Industrials · TransportationEach 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.
▲+26 over range · as of 2026-06-30
Revenue +11.4% YoY, earnings -4.4% YoY · sector avg 71
▲+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
▼−4 over range · as of 2026-06-30
Net debt 2.9x EBITDA, 6x interest coverage, 0.8x current ratio · sector avg 68
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%Filings
23-09 → 26-06 · following the period bar 9 match| Year | Q1 | Q2 | Q3 | FY |
|---|---|---|---|---|
| 2026 | 10-Q Q1 2026 | 10-Q Q2 2026 | no filing | no filing |
| 2025 | 10-Q Q1 2025 | 10-Q Q2 2025 | 10-Q Q3 2025 | 10-K FY 2025 |
| 2024 | 10-Q Q1 2024 | 10-Q Q2 2024 | 10-Q Q3 2024 | 10-K FY 2024 |
| 2023 | no filing | no filing | 10-Q Q3 2023 | 10-K FY 2023 |
All 9 filings
10-Q Q2 2024 2024-07-26 Pro → 10-Q Q1 2024 2024-04-24 Pro → 10-Q Q3 2023 2023-10-25 Pro →Filing-level fact detail is a Pro feature. The grades and figures above are free. See Pro plans
Trends
| Period | Period end | Revenue |
|---|---|---|
| 23-09 | 2023-09-30 | $3.0B |
| 23-12 | 2023-12-31 | $3.1B |
| 24-03 | 2024-03-31 | $3.0B |
| 24-06 | 2024-06-30 | $3.0B |
| 24-09 | 2024-09-30 | $3.1B |
| 24-12 | 2024-12-31 | $3.0B |
| 25-03 | 2025-03-31 | $3.0B |
| 25-06 | 2025-06-30 | $3.1B |
| 25-09 | 2025-09-30 | $3.1B |
| 25-12 | 2025-12-31 | $3.0B |
| 26-03 | 2026-03-31 | $3.0B |
| 26-06 | 2026-06-30 | $3.5B |
| Period | Period end | Net income |
|---|---|---|
| 23-09 | 2023-09-30 | $478.0M |
| 23-12 | 2023-12-31 | $527.0M |
| 24-03 | 2024-03-31 | $53.0M |
| 24-06 | 2024-06-30 | $737.0M |
| 24-09 | 2024-09-30 | $1.1B |
| 24-12 | 2024-12-31 | $733.0M |
| 25-03 | 2025-03-31 | $750.0M |
| 25-06 | 2025-06-30 | $768.0M |
| 25-09 | 2025-09-30 | $711.0M |
| 25-12 | 2025-12-31 | $644.0M |
| 26-03 | 2026-03-31 | $547.0M |
| 26-06 | 2026-06-30 | $734.0M |
| Period | Period end | Operating income |
|---|---|---|
| 23-09 | 2023-09-30 | $756.0M |
| 23-12 | 2023-12-31 | $808.0M |
| 24-03 | 2024-03-31 | $213.0M |
| 24-06 | 2024-06-30 | $1.1B |
| 24-09 | 2024-09-30 | $1.6B |
| 24-12 | 2024-12-31 | $1.1B |
| 25-03 | 2025-03-31 | $1.1B |
| 25-06 | 2025-06-30 | $1.2B |
| 25-09 | 2025-09-30 | $1.1B |
| 25-12 | 2025-12-31 | $937.0M |
| 26-03 | 2026-03-31 | $877.0M |
| 26-06 | 2026-06-30 | $1.1B |
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.
Hover to read every grade at a period · shared with the trends chart · axis fixed 0–100
| Period | Period end | Growth | Quality | Safety |
|---|---|---|---|---|
| 23-09 | 2023-09-30 | 11 | 56 | 21 |
| 23-12 | 2023-12-31 | 14 | 50 | 27 |
| 24-03 | 2024-03-31 | 10 | 28 | 7 |
| 24-06 | 2024-06-30 | 66 | 51 | 12 |
| 24-09 | 2024-09-30 | 67 | 61 | 20 |
| 24-12 | 2024-12-31 | 43 | 63 | 20 |
| 25-03 | 2025-03-31 | 65 | 68 | 22 |
| 25-06 | 2025-06-30 | 39 | 71 | 19 |
| 25-09 | 2025-09-30 | 18 | 69 | 17 |
| 25-12 | 2025-12-31 | 21 | 69 | 18 |
| 26-03 | 2026-03-31 | 10 | 60 | 16 |
| 26-06 | 2026-06-30 | 37 | 58 | 17 |