Norfolk Southern revenue and financials
$316.31Change from previous close: +0.03%Absolute change: +$0.08
In the fiscal year ended December 2025, Norfolk Southern reported revenue of $12.18B (+0.47% year over year). Net income was $2.87B, a net margin of 23.6%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +0.47%
- 2025 vs 2024
- Net income growth
- +9.57%
- 2025 vs 2024
- Net margin
- 23.6%
- 2024: 21.6%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 4,361 | 4,052 | 3,179 | 4,222 | 4,255 | 3,637 | 3,892 | 3,726 | 3,253 | 3,034 |
| Depreciation and amortization | 1,393 | 1,353 | 1,298 | 1,221 | 1,181 | 1,154 | 1,139 | 1,104 | 1,059 | 1,030 |
| Capital expenditure | -2,204 | -2,381 | -2,327 | -1,948 | -1,470 | -1,494 | -2,019 | -1,951 | -1,723 | -1,887 |
| Investing cash flow | -2,562 | -2,780 | -2,182 | -1,603 | -1,222 | — | — | — | — | — |
| Financing cash flow | -1,910 | -1,199 | 115 | -3,002 | -3,309 | — | — | — | — | — |
| Dividends paid | -1,215 | -1,221 | -1,225 | -1,167 | -1,028 | -960 | -949 | -844 | -703 | -695 |
| Share repurchases | -534 | 0.0 | -622 | -3,110 | -3,390 | -1,439 | -2,099 | -2,781 | -1,012 | -803 |
| Net change in cash | -111 | 73.0 | 1,112 | -383 | -276 | — | — | — | — | — |
| Free cash flow | 2,157 | 28.0 | 830 | 2,274 | 2,785 | — | — | — | — | — |
| Levered free cash flow | 1,453 | 269 | 1,536 | 1,642 | 2,473 | — | — | — | — | — |