Revenue segments as reported by the company.

Merchandise

Intermodal

Coal

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Compensation and benefits

Purchased services and rent

Fuel

Depreciation

Materials and other

Eastern Ohio incident

Restructuring and other charges

Merger-related expenses

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Short interest is the total number of shares lent out as per latest regulatory filings. Updated twice a month per FINRA reporting.

Short float is the total number of shares currently held as short positions divided by the total float as per latest regulatory filings. Updated twice a month per FINRA reporting.

Short float

Shorting

Short interest

Norfolk Southern

Norfolk Southern Corp. is a transportation company, which owns a freight railroad. It engages in the rail transportation of raw materials, intermediate products, and finished goods primarily in the Southeast, East, and Midwest and, via interchange with rail carriers to and from the rest of the United States. The company transports overseas freight through several Atlantic and Gulf Coast ports. It offers an extensive intermodal network in the eastern half of the United States and is a transporter of coal, automotive, and industrial products. The company's services include property leases and sales, wire line or pipeline and fiber optics projects, access property, managing private crossings, promoting businesses with signboards, and natural resource management. Norfolk Southern was founded on July 23, 1980, and is headquartered in Atlanta, GA.

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Earnings data Q3 2025

Earnings data Q4 2025

Earnings data Q1 2026

Earnings data Q2 2026

Earnings data Q3 2026

Earnings data Q4 2026

Norfolk Southern (NSC) reports safety improvements and growth strategies

Norfolk Southern (NSC) navigated challenges in 2023 with a focus on safety, service improvements, and sustainable growth strategies. Despite cost impacts and margin challenges, the company remains optimistic about modest volume growth and revenue enhancement opportunities in 2024.

Norfolk Southern prioritizes productivity and efficiency for industry competitiveness

Norfolk Southern (NSC) focused on productivity and efficiency to achieve industry competitive margins in Q1 2024.
Operational changes led by new COO John Orr emphasized safety, productivity, and network optimization efforts.
Challenges in revenue declines and market outlook were addressed, with opportunities for growth through operational enhancements.
Confidence in achieving operational targets and reducing headcount through productivity initiatives was expressed.
Balanced strategy focusing on service, productivity, and growth to drive transformational journey.
Customer service improvements and changes underway were well-received, with a focus on velocity and reliability.

Norfolk Southern reports solid Q2 earnings amidst coal market challenges

Norfolk Southern's Q2 2024 performance showcased financial strength, operational improvements, and a focus on safety and productivity. While facing challenges in the coal market, the company remains committed to its strategy and delivering results. Opportunities for growth through partnerships and operational enhancements position Norfolk Southern for long-term success.

Norfolk Southern reports robust Q3 earnings amidst market challenges

Norfolk Southern (NSC) delivered strong financial results with revenue and earnings growth, driven by volume increases and cost management initiatives.
The company's emphasis on safety, productivity, and cost reductions underscores its commitment to operational excellence and sustainable growth.
While facing challenges from market uncertainties and external impacts, Norfolk Southern remains focused on enhancing operational efficiency and seizing growth opportunities.

Norfolk Southern (NSC) reports robust Q4 performance and outlines growth strategies

Norfolk Southern (NSC) showcased a strong Q4 performance with a focus on safety, operational excellence, and delivering value. While challenges such as productivity targets and tariff impacts were discussed, the company remains confident in its momentum. Opportunities lie in optimizing productivity, driving revenue growth, and pursuing cost-saving initiatives.

Norfolk Southern (NSC) reports 8% EPS growth amidst storm challenges

Norfolk Southern (NSC) navigated challenges from storms to achieve 8% EPS growth driven by labor productivity savings. Despite uncertainties, NSC remains focused on cost savings and commercial agility to capitalize on market opportunities.

Norfolk Southern reports solid Q3 performance amid merger challenges

Norfolk Southern's Q3 performance reflects a balanced approach to safety, service, and cost control amidst revenue challenges and competitor reactions. The company's strategic focus on safety transformation, service excellence, and cost optimization positions it well for growth and the proposed merger with Union Pacific. Despite facing challenges in revenue and market uncertainties, Norfolk Southern remains optimistic about its future prospects.

Norfolk Southern (NSC) surpasses cost savings targets and eyes merger with Union Pacific

Norfolk Southern (NSC) reported strong safety performance, operational improvements, and exceeded cost savings targets in Q4 2025. The company's pending merger with Union Pacific and focus on key priorities signal a strategic path forward.

Norfolk Southern (NSC) Q1 2026 Earnings Call Highlights Resilience and Growth

Norfolk Southern (NSC) overcame winter challenges with strong operational performance, emphasizing safety, service, and cost control. Executives expressed confidence in growth prospects, merger progress, and a focus on operational efficiency.

Norfolk Southern (NSC) exceeds Q2 expectations amidst fuel price concerns

Norfolk Southern (NSC) reported strong Q2 results driven by volume and revenue growth, emphasizing safety and disciplined execution. The company faces challenges from high fuel prices and merger uncertainty but sees opportunities in pricing and operational improvements.

Norfolk Southern posts record revenue ex-fuel on volume, merger momentum

Norfolk Southern delivered a strong Q3 2026, with 14% total revenue growth and an all-time record for revenue less fuel (up 6% YoY), driven by 3% volume growth across all three business segments—merchandise, intermodal, and coal. Adjusted EPS rose 10% to $3.62 and operating income grew 7%, though an unexpected spike in fuel prices during the quarter pushed the adjusted operating ratio to 65.4% and negatively impacted OR by approximately 250 basis points versus prior expectations. Operationally, the company achieved record Q3 workforce productivity, a historical-best train accident rate, and on-time origin performance up 12 percentage points sequentially. Management raised full-year CapEx guidance to $2.1 billion to support continued volume growth and reiterated confidence in the pending merger with Union Pacific as a long-term structural advantage.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Norfolk Southern Corp. is a transportation company, which engages in the rail transportation of raw materials, intermediate products, and finished goods. The company also transports overseas freight through several Atlantic and Gulf Coast ports. Its services include property leases and sales, wire line or pipeline and fiber optics projects, access property, managing private crossings, promoting businesses with signboards, and natural resource management. The company was founded on July 23, 1980, and is headquartered in Atlanta, GA.