NSC NYSE
Norfolk Southern Corporation
1W: +3.2%
1M: +6.7%
3M: -1.1%
YTD: +16.6%
1Y: +18.2%
3Y: +75.6%
5Y: +32.8%
$339.74
+5.75 (+1.72%)
After Hours: $337.19 (-2.56, -0.75%)
Weekly Expected Move ±2.7%
$312
$321
$330
$339
$348
Credit Risk of going bust: lower than 87% of companies Debt: 18.1% of company value Bonds: $155.1M held by 272 funds, 80 bp over Treasuries → details ▾
Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $3.70 (down 99%), Norfolk Southern Corporation would be worth roughly what it owes.
Total debt $16.61B against a stock market value of $75.02B.
Distance to default 12.16 (Merton model): prices to 2026-10-26, balance sheet 2026-09-30, debt counted $8.63B (short-term plus half of long-term), stock volatility 20.9%; Altman Z'' 2.17. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $3.70 (down 99%), Norfolk Southern Corporation would be worth roughly what it owes.
Total debt $16.61B against a stock market value of $75.02B.
Distance to default 12.16 (Merton model): prices to 2026-10-26, balance sheet 2026-09-30, debt counted $8.63B (short-term plus half of long-term), stock volatility 20.9%; Altman Z'' 2.17. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Revenue by Segment (5-Year Trend)
Income Trends
Revenue
$12.2B
+0.5% ▲
5Y CAGR: +4.5%
Gross Profit
$5.2B
+37.3% ▲
5Y CAGR: +8.8%
Operating Income
$4.0B
+6.5% ▲
5Y CAGR: +3.4%
Net Income
$2.9B
+9.6% ▲
5Y CAGR: +7.4%
EPS (Diluted)
$12.75
+10.2% ▲
5Y CAGR: +10.2%
EBITDA
$5.8B
+6.6% ▲
5Y CAGR: +6.3%
Profit Margins
Year-over-Year Growth
View Full Income Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $11.1B | $12.7B | $12.2B | $12.1B | $12.2B |
| YoY Growth | +13.8% | +14.4% | -4.6% | -0.3% | +0.5% |
| Cost of Revenue | $6.8B | $8.0B | $9.3B | $8.4B | $7.0B |
| Gross Profit | $4.4B | $4.7B | $2.8B | $3.8B | $5.2B |
| Gross Margin | 39.2% | 37.1% | 23.1% | 31.0% | 42.4% |
| R&D Expenses | $0 | $0 | $0 | $0 | $0 |
| SG&A Expenses | $0 | $0 | $0 | -$120M | $753M |
| Operating Expenses | $0 | $0 | $0 | $0 | $1.2B |
| Operating Income | $4.4B | $4.7B | $2.8B | $3.8B | $4.0B |
| Operating Margin | 39.2% | 37.1% | 23.1% | 31.0% | 32.9% |
| Interest Expense | $646M | $692M | $722M | $807M | $792M |
| Income Before Tax | $3.9B | $4.1B | $2.3B | $3.3B | $3.7B |
| Tax Expense | $873M | $860M | $493M | $707M | $792M |
| Net Income | $3.0B | $3.3B | $1.8B | $2.6B | $2.9B |
| Net Margin | 27.0% | 25.7% | 15.0% | 21.6% | 23.6% |
| EPS (Diluted) | $12.11 | $13.88 | $8.02 | $11.57 | $12.75 |
| EBITDA | $5.7B | $6.0B | $4.3B | $5.5B | $5.8B |
| Shares Outstanding | 248M | 236M | 227M | 226M | 225M |