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Norfolk Southern
NSCIndustrialsGenerated Jul 5, 2026, 08:13 PM UTC
NSC (Norfolk Southern) analytical snapshot. Return on equity 14.35%, ROA 4.18%, ROIC 22.39%. Net income down ▼ +44.1% YoY. Debt/equity 0.65, current ratio 0.91, net debt $8.90B. Market cap $72.48B at $322.71 per share. Trailing P/E 40.24, P/S 6.90, P/B 4.59. EV/Operating income ≈ 28.54 (EV $81.37B). Risk: Elevated. Macro: Risk-on · Supportive. Composite analytical score -13 (data confidence 82%). Descriptive analytics from public filings — not investment advice.
Market cap
$72.48B
224.59M shares
Price
$322.71
NYQ
P/E (ttm)
40.24
Revenue (FY)
—
Net margin
—
Free cash flow
$852.0M
Risk level
Elevated
Free SEC analysis
— computed from SEC filings, free to readFree previewFundamentals Analyst
Fundamentals
Fundamentals Analyst
score -15Stable
80% conf
Return on equity 14.35%, ROA 4.18%, ROIC 22.39%. Net income down ▼ +44.1% YoY. Debt/equity 0.65, current ratio 0.91, net debt $8.90B.
- Return on equity 14.35%, ROA 4.18%, ROIC 22.39%.
- Net income down ▼ +44.1% YoY.
- Debt/equity 0.65, current ratio 0.91, net debt $8.90B.
Revenue (FY)
—
Net margin
—
ROE
14.35%
ROA 4.18%
ROIC
22.39%
EPS (diluted)
$8.02
FY2025
Free cash flow
$852.0M
Debt / equity
0.65
Cash $1.34B
Current ratio
0.91
Equity $15.80B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2016 | $11.62B | — | 0.00 | 30.76 | 0.00 | — | — |
| 2017 | $10.51B | -9.6% | 0.00 | 27.44 | 0.00 | — | — |
| 2018 | — | — | — | — | — | $1.15B | — |
| 2019 | — | — | — | — | — | $1.53B | 43.55 |
| 2020 | — | — | — | — | — | $1.77B | 16.30 |
| 2021 | — | — | — | — | — | $1.87B | 17.72 |
| 2022 | — | — | — | — | — | $2.14B | 13.26 |
| 2023 | — | — | — | — | — | $2.79B | 20.32 |
| 2024 | — | — | — | — | — | $2.27B | 23.97 |
| 2025 | — | — | — | — | — | $852.0M | 14.35 |
Quarterly revenue trend (last 6 quarters, SEC 10-Q)
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Mar 31, 2017 | $2.58B | +6.4% | — | — |
| Jun 30, 2017 | $5.21B | +6.9% | +102.4% | — |
| Jun 30, 2017 | $2.64B | -45.9% | -49.4% | — |
| Sep 30, 2017 | $7.88B | +6.5% | +198.9% | — |
| Sep 30, 2017 | $2.67B | -63.9% | -66.1% | — |
| Mar 31, 2018 | $2.72B | +5.5% | +1.8% | 20.32% |
Revenue (annual, SEC 10-K)
2016: 11,624
2017: 10,511
2018: 0
2019: 0
2020: 0
2021: 0
2022: 0
2023: 0
2024: 0
2025: 0
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Profitability trends (%)
GrossOperatingNet
Free cash flow (annual)
2016: 0
2017: 0
2018: 1,147
2019: 1,530
2020: 1,775
2021: 1,873
2022: 2,143
2023: 2,785
2024: 2,274
2025: 852
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Sources:SEC EDGAR — Company Facts (XBRL)
Free previewRegulatory Analyst
Filings & Ownership
Regulatory Analyst
score 5Stable
80% conf
Latest annual report (10-K) filed Feb 9, 2026. Latest quarterly report (10-Q) filed Apr 24, 2026. 9 recent 8-K material-event filings in the index.
- Latest annual report (10-K) filed Feb 9, 2026.
- Latest quarterly report (10-Q) filed Apr 24, 2026.
- 9 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 0 sell transactions.
Latest 10-K
Feb 9, 2026
Annual report
Latest 10-Q
Apr 24, 2026
8-K (recent)
9
Insider net
—
0B/0S
13F filers
—
Activist 13D
0
Recent 8-K material events
| Date | Form | Description |
|---|---|---|
| Jun 1, 2026 | 8-K | 8-K |
| May 8, 2026 | 8-K | 8-K |
| Apr 24, 2026 | 8-K | 8-K |
| Apr 2, 2026 | 8-K | 8-K |
| Jan 29, 2026 | 8-K | 8-K |
| Dec 19, 2025 | 8-K | 8-K |
| Nov 17, 2025 | 8-K | 8-K |
| Nov 6, 2025 | 8-K | 8-K |
Free previewSEC Filing Analyst
SEC Filing Deep-Analysis
SEC Filing Analyst
score -27Deteriorating
64% conf
2 risk signal(s), 1 positive signal(s) detected from XBRL filing diff analysis. Free cash flow declined despite stable or rising capex, indicating the cash burn is operational rather than investment-driven. This is a structural concern — cost reduction or asset sales may be needed to restore FCF.
- Free cash flow deteriorating: FCF declined +62.5% YoY (from $2.27B to $852.0M). With OCF at $3.18B and capex at $2.33B, cash generation capacity is weakening — monitor for dividend/buyback sustainability.
- Material weakness in internal controls: The term "material weakness" appears in 22 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
- Operating cash flow exceeds net income: OCF is 1.74x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
- Endogenous analysis: Free cash flow declined despite stable or rising capex, indicating the cash burn is operational rather than investment-driven. This is a structural concern — cost reduction or asset sales may be needed to restore FCF.
- 1 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- Ongoing high-severity risk language: Material weakness in internal controls.
Revenue
$10.51B
-9.6% YoY
Operating income
$2.85B
-40.7% YoY
Net income
$1.83B
-44.1% YoY
Operating cash flow
$3.18B
-24.7% YoY
Capex
$2.33B
+19.5% YoY
Total assets
$43.68B
+4.9% YoY
Total liabilities
$29.38B
+1.7% YoY
Long-term debt
$10.11B
+2.2% YoY
Filing quality score
72/100
1 new disclosures
SEC XBRL metric changes (latest annual vs prior)
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $11.62B | $10.51B | $-1.11B | -9.6% |
| Operating income | $4.81B | $2.85B | $-1.96B | -40.7% |
| Net income | $3.27B | $1.83B | $-1.44B | -44.1% |
| Operating cash flow | $4.22B | $3.18B | $-1.04B | -24.7% |
| Capex | $1.95B | $2.33B | $379.0M | +19.5% |
| Total assets | $41.65B | $43.68B | $2.03B | +4.9% |
| Total liabilities | $28.87B | $29.38B | $505.0M | +1.7% |
| Long-term debt | $9.89B | $10.11B | $219.0M | +2.2% |
| Cash & equivalents | $1.57B | $1.64B | $73.0M | +4.7% |
| Stockholders equity | $13.64B | $12.73B | $-908.0M | -6.7% |
| Accounts receivable | $1.15B | $1.07B | $-78.0M | -6.8% |
| Interest expense | $646.0M | $692.0M | $46.0M | +7.1% |
XBRL disclosure changes (new vs dropped concepts)
| Type | Concepts |
|---|---|
| Added | UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount |
| Removed | AccountsPayableOtherCurrent, AccruedVacationCurrent, AllowanceForDoubtfulAccountsReceivable, CashSurrenderValueOfLifeInsurance, CostDirectMaterial, CurrentFederalTaxExpenseBenefit, CurrentIncomeTaxExpenseBenefit, CurrentStateAndLocalTaxExpenseBenefit, DebtAndCapitalLeaseObligations, DebtCurrent |
Risk language in filing text (EDGAR full-text search)
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Material weakness in internal controls | high | 22 | 2 | Ongoing |
Filing signal breakdown
Red flags: 2
Positive: 1
Watch: 0
Red flags
Positive
Watch
Unlock the rest
- ProValuationMarket cap $72.48B at $322.71 per share.
- ProPrice & TechnicalsPrice $322.71 — uptrend (above 200-DMA); 1-month momentum positive.
- ProMacro & RatesMarket regime: Risk-on · Supportive.
- ProRisk ScorecardComposite risk: Elevated.
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3 sections free · 4 Pro sections locked · composite -13
Macro exposure
Cyclical / growth · High sensitivityMacro regime: Risk-on · Supportive. Norfolk Southern is a cyclical / growth name (high macro sensitivity) — risk appetite favors cyclical/growth names.
Macro regime
Risk-on · Supportive
Yield curve
Normal
VIX
16.59
Fed funds
3.63%
CPI YoY
+4.2%
Analytical read
deterministic previewPrice $322.71 — uptrend (above 200-DMA); 1-month momentum positive..
Risk
Elevated
Macro regime
Risk-on · Supportive
Macro exposure
Supportive
Descriptive analytics from public filings and macro data — not investment advice.
Peer comparison
Cyclical / growth groupHow NSC stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
| Company | Score | Macro |
|---|---|---|
| Marathon Petroleum MPC | 25 | Supportive |
| Nike Inc. NKE | 24 | Supportive |
| Airbnb Inc. ABNB | 22 | Supportive |
| Datadog Inc. DDOG | 16 | Supportive |
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| Valero Energy VLO | 13 | Supportive |
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| Marriott International MAR | 10 | Supportive |
| GE Aerospace GE | 10 | Supportive |
| United Parcel Service UPS | 9 | Supportive |
| Snowflake Inc. SNOW | 8 | Supportive |
| Cloudflare Inc. NET | 8 | Supportive |
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| Alphabet Inc. GOOGL | 7 | Supportive |
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