FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8P

Three-Statement Breakdown

NSC
2026-06-30 · figures in $M

LITTLE CHANGED

Free cash flow was little changed at $1.6B, and covered net income 0.62×.

CASH FROM OPS -0.6%
3,732 29.8% MGN
CAPITAL EXPENDITURE -1.7%
2,101
FREE CASH FLOW +0.8%
1,631
FCF / NET INCOME +2.1%
0.62× TARGET >1.0×
Cash flow TTM 24-09 TTM 24-12 TTM 25-03 TTM 25-06 TTM 25-09 TTM 25-12 TTM 26-03 vs prior TTM YoY TTM 8Q
Net income
10-Q
2,416 2,622 3,319 3,350 2,962 2,873 2,670 2,636 -1.3% -21.3% 2,636 2024-09-30 · $1.1B2024-12-31 · $733.0M2025-03-31 · $750.0M2025-06-30 · $768.0M2025-09-30 · $711.0M2025-12-31 · $644.0M2026-03-31 · $547.0M2026-06-30 · $734.0M
Depreciation & amortization
1,341 1,353 1,362 1,373 1,382 1,393 1,399 1,411 +0.9% +2.8% 1,411
Cash from operations
3,774 4,052 4,163 4,204 4,249 4,361 3,755 3,732 -0.6% -11.2% 3,732 2024-09-30 · $1.2B2024-12-31 · $951.0M2025-03-31 · $950.0M2025-06-30 · $1.1B2025-09-30 · $1.3B2025-12-31 · $1.1B2026-03-31 · $344.0M2026-06-30 · $1.1B
Cash conversion
1.56× 1.55× 1.25× 1.25× 1.43× 1.52× 1.41× 1.42× +0.7% +12.8% 1.42×
Capital expenditures
(2,542) (2,381) (2,273) (2,180) (2,150) (2,204) (2,137) (2,101) -1.7% -3.6% (2,101)
Free cash flow
1,232 1,671 1,890 2,024 2,099 2,157 1,618 1,631 +0.8% -19.4% 1,631 2024-09-30 · $645.0M2024-12-31 · $276.0M2025-03-31 · $501.0M2025-06-30 · $602.0M2025-09-30 · $720.0M2025-12-31 · $334.0M2026-03-31 · -$38.0M2026-06-30 · $615.0M
FCF margin
10.1% 13.8% 15.6% 16.6% 17.2% 17.7% 13.3% 13.0% -2.1% -21.7% 13.0%
Cash from investing
-3,579 -2,780 -1,957 -1,648 -1,907 -2,562 -1,754 -1,756 — — -1,756
Dividends paid
1,220 1,221 1,222 1,220 1,218 1,215 1,212 1,212 +0.0% -0.7% 1,212
Share repurchases
119 0 248 456 534 534 291 83 -71.5% -81.8% 83
Debt repayment
1,455 1,055 1,056 1,106 555 559 559 913 +63.3% -17.5% 913
Cash from financing
-726 -1,199 -1,852 -1,912 -1,899 -1,910 -1,666 -2,210 — — -2,210
Net change in cash
-531 73 354 644 443 -111 335 -234 — — -234
Ending cash balance
975 1,641 1,006 1,303 1,418 1,530 1,341 1,069 -20.3% -18.0% 1,069

Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.

SELECTED · FREE CASH FLOW · QoQ BRIDGE
FROM1,618 CASH FROM OPERATIONS-23 CAPITAL EXPENDITURES+36 TO1,631
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-07-23 ↗