Norfolk Southern Corporation (NSC) — Financial statements
Income statement, balance sheet, and cash flow for Norfolk Southern Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 12,180↑0.5% | 12,123↓0.3% | 12,156↓4.6% | 12,745↑14.4% | 11,142 | |
| Cost of Revenue | 7,012↓16.1% | 8,359↓10.6% | 9,348↑16.7% | 8,012↑18.2% | 6,777 | |
| Gross Profit | 5,168↑37.3% | 3,764↑34.0% | 2,808↓40.7% | 4,733↑8.4% | 4,365 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 753↑727.5% | -120↓2.6% | -117↑7.1% | -126↓23.5% | -102 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 753↑727.5% | -120↓2.6% | -117↑7.1% | -126↓23.5% | -102 | |
| Other Expenses | 407↑239.2% | 120↑2.6% | 117↓7.1% | 126↑23.5% | 102 | |
| Operating Expenses | 1,160 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Total Costs & Expenses | 8,172↓2.2% | 8,359↓10.6% | 9,348↑16.7% | 8,012↑18.2% | 6,777 | |
| Operating Results | ||||||
| Operating Income | 4,008↑6.5% | 3,764↑34.0% | 2,808↓40.7% | 4,733↑8.4% | 4,365 | |
| Depreciation & Amortization | 1,393↑3.0% | 1,353↑4.2% | 1,298↑6.3% | 1,221↑3.4% | 1,181 | |
| EBITDA | 5,850↑6.6% | 5,489↑26.5% | 4,340↓28.2% | 6,043↑5.9% | 5,705 | |
| EBIT | 4,457↑7.8% | 4,136↑36.0% | 3,042↓36.9% | 4,822↑6.6% | 4,524 | |
| Interest & Other Income | ||||||
| Net Interest Income | -792↑1.9% | -807↓11.8% | -722↓4.3% | -692↓7.1% | -646 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 792↓1.9% | 807↑11.8% | 722↑4.3% | 692↑7.1% | 646 | |
| Non-Operating Income | -449↓20.7% | -372↓59.0% | -234↓162.9% | -89↑44.0% | -159 | |
| Other Income / Expenses | -343↑21.1% | -435↑10.9% | -488↑19.1% | -603↓23.8% | -487 | |
| Income Before Tax | 3,665↑10.1% | 3,329↑43.5% | 2,320↓43.8% | 4,130↑6.5% | 3,878 | |
| Income Tax Expense | 792↑12.0% | 707↑43.4% | 493↓42.7% | 860↓1.5% | 873 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 2,873↑9.6% | 2,622↑43.5% | 1,827↓44.1% | 3,270↑8.8% | 3,005 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 2,873↑9.6% | 2,622↑43.5% | 1,827↓44.1% | 3,270↑8.8% | 3,005 | |
| Bottom-Line Net Income | 2,870↑9.6% | 2,619↑43.6% | 1,824↓44.2% | 3,269↑8.9% | 3,003 | |
| EPS (Basic) | 12.75↑10.1% | 11.58↑44.0% | 8.04↓42.2% | 13.92↑14.5% | 12.16 | |
| EPS (Diluted) | 12.75↑10.2% | 11.57↑44.3% | 8.02↓42.2% | 13.88↑14.6% | 12.11 | |
| Weighted Average Shares | 225↓0.6% | 226↓0.4% | 227↓3.4% | 235↓4.9% | 247 | |
| Weighted Average Diluted Shares | 225↓0.7% | 226↓0.4% | 227↓3.5% | 236↓5.0% | 248 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.