Financial Ratios Norfolk Southern Corporation

Equities

NSC

US6558441084

Ground Freight & Logistics

Market Closed - Nyse Other stock markets 21:00:02 05/12/2025 GMT			5-day change	1st Jan Change
294.19 ^USD	-0.32%		+0.72%	+25.35%

12-05	Baird Adjusts Norfolk Southern Price Target to $293 From $300, Maintains Neutral Rating	MT
12-01	BNSF Railway petitions STB to review Union Pacific/Southern Pacific merger conditions	RE

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Published financial data: NORFOLK SOUTHERN CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	9.79B	11.14B	12.74B	12.16B	12.12B
Total Revenues	9.79B	11.14B	12.74B	12.16B	12.12B
Cost of Goods Sold, Total	5.16B	5.41B	6.59B	6.77B	6.19B
Gross Profit	4.63B	5.73B	6.16B	5.38B	5.93B
Depreciation & Amortization - (IS)	1.15B	1.18B	1.22B	1.3B	1.35B
Other Operating Expenses	-	-	-	-	-
Other Operating Expenses, Total	1.15B	1.18B	1.22B	1.3B	1.35B
Operating Income	3.48B	4.55B	4.94B	4.08B	4.58B
Interest Expense, Total	-625M	-646M	-692M	-722M	-807M
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-625M	-646M	-692M	-722M	-807M
Other Non Operating Income (Expenses)	27M	-111M	-195M	74M	185M
EBT, Excl. Unusual Items	2.88B	3.79B	4.05B	3.44B	3.96B
Restructuring Charges	-	-	-	-	-303M
Gain (Loss) On Sale Of Assets	-346M	86M	82M	-	-
Asset Writedown	-	-	-	-	-
Insurance Settlements	-	-	-	101M	650M
Other Unusual Items	-4M	-	-	-1.22B	-975M
EBT, Incl. Unusual Items	2.53B	3.88B	4.13B	2.32B	3.33B
Income Tax Expense	517M	873M	860M	493M	707M
Earnings From Continuing Operations	2.01B	3B	3.27B	1.83B	2.62B
Net Income to Company	2.01B	3B	3.27B	1.83B	2.62B
Net Income - (IS)	2.01B	3B	3.27B	1.83B	2.62B
Preferred Dividend and Other Adjustments	3M	2M	2M	3M	3M
Net Income to Common Incl Extra Items	2.01B	3B	3.27B	1.82B	2.62B
Net Income to Common Excl. Extra Items	2.01B	3B	3.27B	1.82B	2.62B
Per Share Items
Net EPS - Basic	7.88	12.16	13.92	8.04	11.58
Basic EPS - Continuing Operations	7.88	12.16	13.92	8.04	11.58
Basic Weighted Average Shares Outstanding	255M	247M	235M	227M	226M
Net EPS - Diluted	7.84	12.11	13.88	8.02	11.57
Diluted EPS - Continuing Operations	7.84	12.11	13.88	8.02	11.57
Diluted Weighted Average Shares Outstanding	257M	248M	236M	227M	226M
Normalized Basic EPS	7.06	9.6	10.78	9.46	10.94
Normalized Diluted EPS	7.01	9.55	10.74	9.44	10.92
Dividend Per Share	3.76	4.16	4.96	5.4	5.4
Payout Ratio	47.69	34.21	35.69	67.05	46.57
American Depositary Receipts Ratio (ADR)	0.25	0.25	0.25	0.25	0.25
Supplemental Items
EBITDA	4.63B	5.73B	6.16B	5.38B	5.93B
EBITA	3.48B	4.55B	4.94B	4.08B	4.58B
EBIT	3.48B	4.55B	4.94B	4.08B	4.58B
EBITDAR	4.93B	6.05B	6.51B	5.77B	6.32B
Effective Tax Rate - (Ratio)	20.43	22.51	20.82	21.25	21.24
Current Domestic Taxes	375M	689M	777M	542M	531M
Total Current Taxes	375M	689M	777M	542M	531M
Deferred Domestic Taxes	142M	184M	83M	-49M	176M
Total Deferred Taxes	142M	184M	83M	-49M	176M
Normalized Net Income	1.8B	2.37B	2.53B	2.15B	2.47B
Interest Capitalized	14M	11M	16M	21M	26M
Non-Cash Pension Expense	-64M	-72M	-97M	-97M	-80M
Supplemental Operating Expense Items
Net Rental Expense, Total	300M	317M	357M	387M	393M
Imputed Operating Lease Interest Expense	115M	117M	131M	134M	145M
Imputed Operating Lease Depreciation	185M	200M	226M	253M	248M
Stock-Based Comp., COGS (Total)	28M	54M	53M	40M	40M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	28M	54M	53M	40M	40M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.12B	839M	456M	1.57B	1.64B
Total Cash And Short Term Investments	1.12B	839M	456M	1.57B	1.64B
Accounts Receivable, Total	629M	741M	895M	882M	787M
Other Receivables	219M	235M	253M	265M	282M
Total Receivables	848M	976M	1.15B	1.15B	1.07B
Inventory	221M	218M	253M	264M	277M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	134M	134M	150M	292M	201M
Total Current Assets	2.32B	2.17B	2.01B	3.27B	3.19B
Gross Property Plant And Equipment	43.76B	44.1B	45.16B	46.98B	50.06B
Accumulated Depreciation	-11.98B	-12.03B	-12.59B	-13.26B	-13.96B
Net Property Plant And Equipment	31.78B	32.06B	32.56B	33.72B	36.1B
Long-term Investments	2.69B	2.82B	2.94B	3.06B	3.21B
Accounts Receivable Long-Term	23M	23M	-	-	-
Other Long-Term Assets, Total	1.16B	1.42B	1.37B	1.6B	1.18B
Total Assets	37.96B	38.49B	38.88B	41.65B	43.68B
Liabilities
Accounts Payable, Total	1.02B	1.35B	1.29B	1.64B	1.7B
Accrued Expenses, Total	160M	170M	177M	214M	225M
Short-term Borrowings	-	-	100M	-	-
Current Portion of Long-Term Debt	579M	553M	603M	4M	555M
Current Portion of Leases	89M	82M	94M	105M	81M
Current Income Taxes Payable	263M	305M	312M	262M	337M
Other Current Liabilities	53M	60M	70M	409M	643M
Total Current Liabilities	2.16B	2.52B	2.65B	2.63B	3.54B
Long-Term Debt	12.61B	13.8B	14.9B	17.69B	17.17B
Long-Term Leases	369M	353M	432M	304M	204M
Pension & Other Post Retirement Benefits	646M	582M	459M	451M	385M
Deferred Tax Liability Non Current	6.92B	7.16B	7.26B	7.22B	7.42B
Other Non Current Liabilities	463M	432M	450M	567M	650M
Total Liabilities	23.17B	24.85B	26.15B	28.87B	29.38B
Common Stock, Total	254M	242M	230M	227M	228M
Additional Paid In Capital	2.25B	2.22B	2.16B	2.18B	2.25B
Retained Earnings	12.88B	11.59B	10.7B	10.7B	12.09B
Comprehensive Income and Other	-594M	-402M	-351M	-320M	-262M
Total Common Equity	14.79B	13.64B	12.73B	12.78B	14.31B
Total Equity	14.79B	13.64B	12.73B	12.78B	14.31B
Total Liabilities And Equity	37.96B	38.49B	38.88B	41.65B	43.68B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	252M	240M	228M	226M	226M
ECS Total Common Shares Outstanding	252M	240M	228M	226M	226M
Book Value / Share	58.67	56.8	55.83	56.63	63.21
Tangible Book Value	14.79B	13.64B	12.73B	12.78B	14.31B
Tangible Book Value Per Share	58.67	56.8	55.83	56.63	63.21
Total Debt	13.65B	14.79B	16.13B	18.1B	18.01B
Net Debt	12.53B	13.95B	15.67B	16.54B	16.37B
Debt Equivalent of Unfunded Proj. Benefit Obligation	170M	-84M	-209M	-352M	-513M
Debt Equivalent Oper. Leases	2.4B	2.54B	2.86B	3.1B	3.14B
Equity Method Investments, Total	2.66B	2.8B	2.92B	3.05B	3.18B
Account Code - Inventory Valuation	6	6	6	6	6
Land - (BS)	2.39B	2.45B	2.4B	2.44B	4.12B
Machinery, Total	10.08B	10.38B	10.65B	11.17B	11.43B
Full Time Employees	19.1K	18.1K	19.3K	20.7K	19.6K
Accumulated Allowance for Doubtful Accounts (Supple)	6M	8M	9M	7M	8M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	2.01B	3B	3.27B	1.83B	2.62B
Depreciation & Amortization - CF	1.15B	1.18B	1.22B	1.3B	1.35B
Depreciation & Amortization, Total	1.15B	1.18B	1.22B	1.3B	1.35B
(Gain) Loss From Sale Of Asset	346M	-86M	-82M	-49M	-490M
(Gain) Loss on Sale of Investments - (CF)	99M	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
Other Operating Activities, Total	-106M	8M	14M	-265M	-58M
Change In Accounts Receivable	71M	-133M	-171M	-2M	85M
Change In Inventories	23M	3M	-35M	-11M	-13M
Change in Other Net Operating Assets	37M	277M	5M	381M	553M
Cash from Operations	3.64B	4.26B	4.22B	3.18B	4.05B
Capital Expenditure	-1.49B	-1.47B	-1.95B	-2.35B	-4.02B
Sale of Property, Plant, and Equipment	333M	159M	263M	86M	558M
Investment in Marketable and Equity Securities, Total	-14M	89M	82M	81M	686M
Cash from Investing	-1.18B	-1.22B	-1.6B	-2.18B	-2.78B
Long-Term Debt Issued, Total	784M	1.68B	1.83B	3.29B	1.05B
Total Debt Issued	784M	1.68B	1.83B	3.29B	1.05B
Long-Term Debt Repaid, Total	-381M	-584M	-553M	-1.33B	-1.06B
Total Debt Repaid	-381M	-584M	-553M	-1.33B	-1.06B
Issuance of Common Stock	69M	17M	-	3M	26M
Repurchase of Common Stock	-1.44B	-3.39B	-3.11B	-622M	-
Common Dividends Paid	-960M	-1.03B	-1.17B	-1.22B	-1.22B
Common & Preferred Stock Dividends Paid	-960M	-1.03B	-1.17B	-1.22B	-1.22B
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-1.93B	-3.31B	-3B	115M	-1.2B
Net Change in Cash	535M	-276M	-383M	1.11B	73M
Supplemental Items
Cash Interest Paid	577M	579M	619M	653M	764M
Cash Income Tax Paid (Refund)	311M	654M	750M	681M	305M
Levered Free Cash Flow	1.37B	2.47B	1.72B	1.61B	268M
Unlevered Free Cash Flow	1.76B	2.88B	2.15B	2.06B	773M
Change In Net Working Capital	97M	-269M	257M	-519M	-542M
Net Debt Issued / Repaid	403M	1.09B	1.28B	1.96B	-4M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	5.73	7.44	7.97	6.34	6.71
Return on Total Capital	7.68	10	10.77	8.54	9.06
Return On Equity %	13.43	21.14	24.8	14.32	19.36
Return on Common Equity	13.41	21.12	24.78	14.3	19.34
Margin Analysis
Gross Profit Margin %	47.32	51.43	48.3	44.27	48.93
EBITDA Margin %	47.32	51.43	48.3	44.27	48.93
EBITA Margin %	35.53	40.83	38.72	33.6	37.77
EBIT Margin %	35.53	40.83	38.72	33.6	37.77
Income From Continuing Operations Margin %	20.56	26.97	25.66	15.03	21.63
Net Income Margin %	20.56	26.97	25.66	15.03	21.63
Net Avail. For Common Margin %	20.53	26.95	25.64	15	21.6
Normalized Net Income Margin	18.39	21.27	19.85	17.67	20.4
Levered Free Cash Flow Margin	14.04	22.2	13.5	13.24	2.21
Unlevered Free Cash Flow Margin	18.03	25.82	16.9	16.95	6.38
Asset Turnover
Asset Turnover	0.26	0.29	0.33	0.3	0.28
Fixed Assets Turnover	0.31	0.35	0.39	0.37	0.35
Receivables Turnover (Average Receivables)	14.93	16.27	15.58	13.68	14.53
Inventory Turnover (Average Inventory)	22.18	24.66	27.98	26.21	22.89
Short Term Liquidity
Current Ratio	1.07	0.86	0.76	1.24	0.9
Quick Ratio	0.91	0.72	0.61	1.03	0.76
Operating Cash Flow to Current Liabilities	1.68	1.69	1.59	1.21	1.14
Days Sales Outstanding (Average Receivables)	24.51	22.44	23.43	26.68	25.19
Days Outstanding Inventory (Average Inventory)	16.5	14.8	13.05	13.93	15.99
Average Days Payable Outstanding	87.12	79.86	72.85	78.84	98.58
Cash Conversion Cycle (Average Days)	-46.11	-42.62	-36.37	-38.23	-57.39
Long Term Solvency
Total Debt/Equity	92.27	108.4	126.65	141.66	125.91
Total Debt / Total Capital	47.99	52.02	55.88	58.62	55.73
LT Debt/Equity	87.76	103.75	120.39	140.8	121.46
Long-Term Debt / Total Capital	45.64	49.78	53.12	58.27	53.77
Total Liabilities / Total Assets	61.04	64.56	67.25	69.31	67.25
EBIT / Interest Expense	5.56	7.04	7.13	5.66	5.67
EBITDA / Interest Expense	7.89	9.36	9.41	7.99	7.84
(EBITDA - Capex) / Interest Expense	5.5	7.09	6.6	4.74	2.85
Total Debt / EBITDA	2.77	2.45	2.48	3.14	2.85
Net Debt / EBITDA	2.54	2.31	2.41	2.87	2.59
Total Debt / (EBITDA - Capex)	3.97	3.23	3.53	5.29	7.83
Net Debt / (EBITDA - Capex)	3.65	3.05	3.43	4.84	7.11
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-13.34	13.82	14.39	-4.62	-0.27
Gross Profit, 1 Yr. Growth %	-10.22	23.7	7.43	-12.57	12.67
EBITDA, 1 Yr. Growth %	-10.77	23.7	7.43	-12.57	12.67
EBITA, 1 Yr. Growth %	-14.17	30.79	8.49	-17.24	15.43
EBIT, 1 Yr. Growth %	-14.17	30.79	8.49	-17.24	15.43
Earnings From Cont. Operations, 1 Yr. Growth %	-26.05	49.28	8.82	-44.13	43.51
Net Income, 1 Yr. Growth %	-26.05	49.28	8.82	-44.13	43.51
Normalized Net Income, 1 Yr. Growth %	-17.67	31.85	6.75	-16.8	11.37
Diluted EPS Before Extra, 1 Yr. Growth %	-23.53	54.55	14.56	-42.2	44.29
Accounts Receivable, 1 Yr. Growth %	-7.77	17.81	20.78	-1.45	-10.77
Inventory, 1 Yr. Growth %	-9.43	-1.36	16.06	4.35	4.92
Net Property, Plant and Equip., 1 Yr. Growth %	-1.17	0.9	1.56	3.54	7.08
Total Assets, 1 Yr. Growth %	0.1	1.4	1.02	7.12	4.87
Tangible Book Value, 1 Yr. Growth %	-2.59	-7.78	-6.66	0.38	11.93
Common Equity, 1 Yr. Growth %	-2.59	-7.78	-6.66	0.38	11.93
Cash From Operations, 1 Yr. Growth %	-6.55	16.99	-0.78	-24.7	27.46
Capital Expenditures, 1 Yr. Growth %	-26	-1.61	32.52	20.59	71.31
Levered Free Cash Flow, 1 Yr. Growth %	13.38	80	-30.42	-6.49	-82.52
Unlevered Free Cash Flow, 1 Yr. Growth %	11.03	63.03	-25.16	-4.31	-61.11
Dividend Per Share, 1 Yr. Growth %	4.44	10.64	19.23	8.87	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-7.57	-0.68	14.1	4.45	-2.47
Gross Profit, 2 Yr. CAGR %	-4.9	5.07	15.28	-3.08	-0.82
EBITDA, 2 Yr. CAGR %	-4.92	5.06	15.28	-3.08	-0.82
EBITA, 2 Yr. CAGR %	-6.99	5.96	19.12	-5.25	-2.42
EBIT, 2 Yr. CAGR %	-6.99	5.96	19.12	-5.25	-2.42
Earnings From Cont. Operations, 2 Yr. CAGR %	-13.11	5.07	27.45	-22.03	-10.45
Net Income, 2 Yr. CAGR %	-13.11	5.07	27.45	-22.03	-10.45
Normalized Net Income, 2 Yr. CAGR %	-6.55	4.12	18.64	-5.87	-3.58
Diluted EPS Before Extra, 2 Yr. CAGR %	-9.23	8.71	33.06	-18.63	-8.67
Accounts Receivable, 2 Yr. CAGR %	-7.8	4.24	19.29	9.1	-6.23
Inventory, 2 Yr. CAGR %	3.33	-5.48	7	10.05	4.64
Net Property, Plant and Equip., 2 Yr. CAGR %	1.1	-0.14	1.23	2.54	5.29
Total Assets, 2 Yr. CAGR %	2.35	0.75	1.21	4.02	5.99
Tangible Book Value, 2 Yr. CAGR %	-1.88	-5.22	-7.22	-3.2	6
Common Equity, 2 Yr. CAGR %	-1.88	-5.22	-7.22	-3.2	6
Cash From Operations, 2 Yr. CAGR %	-1.2	4.56	7.74	-13.56	-2.03
Capital Expenditures, 2 Yr. CAGR %	-12.49	-14.67	14.19	26.41	43.73
Levered Free Cash Flow, 2 Yr. CAGR %	-3.66	42.85	11.91	-19.34	-59.56
Unlevered Free Cash Flow, 2 Yr. CAGR %	-1.76	34.54	10.46	-15.37	-38.96
Dividend Per Share, 2 Yr. CAGR %	11.21	7.5	14.85	13.93	4.34
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-2.47	-0.93	4.1	7.49	2.85
Gross Profit, 3 Yr. CAGR %	-0.06	3.81	5.85	5.13	1.16
EBITDA, 3 Yr. CAGR %	-0.09	3.8	5.85	5.13	1.16
EBITA, 3 Yr. CAGR %	-1.01	4.21	6.79	5.5	0.22
EBIT, 3 Yr. CAGR %	-1.01	4.21	6.79	5.5	0.22
Earnings From Cont. Operations, 3 Yr. CAGR %	-28.05	4.07	6.3	-3.18	-4.44
Net Income, 3 Yr. CAGR %	-28.05	4.07	6.3	-3.18	-4.44
Normalized Net Income, 3 Yr. CAGR %	-1.74	4.76	4.99	6.11	0.67
Diluted EPS Before Extra, 3 Yr. CAGR %	-25.04	8.39	10.63	0.77	-1.51
Accounts Receivable, 3 Yr. CAGR %	-3.64	0.04	9.48	11.93	2.03
Inventory, 3 Yr. CAGR %	-0.15	1.74	1.21	6.11	8.31
Net Property, Plant and Equip., 3 Yr. CAGR %	1.57	1.03	0.42	1.99	4.03
Total Assets, 3 Yr. CAGR %	2.06	2.03	0.84	3.14	4.31
Tangible Book Value, 3 Yr. CAGR %	-3.3	-3.88	-5.7	-4.75	1.6
Common Equity, 3 Yr. CAGR %	-3.3	-3.88	-5.7	-4.75	1.6
Cash From Operations, 3 Yr. CAGR %	3.79	4.52	2.75	-4.39	-1.62
Capital Expenditures, 3 Yr. CAGR %	-4.64	-9	-1.19	16.28	39.89
Levered Free Cash Flow, 3 Yr. CAGR %	1.59	18.66	12.4	5.41	-52.3
Unlevered Free Cash Flow, 3 Yr. CAGR %	2.18	16.31	10.65	5.3	-35.48
Dividend Per Share, 3 Yr. CAGR %	15.5	11.02	11.27	12.82	9.09
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-1.41	2.42	3.85	1.19	1.42
Gross Profit, 5 Yr. CAGR %	3.3	6.92	5.81	1	2.71
EBITDA, 5 Yr. CAGR %	3.27	6.9	5.79	0.99	2.7
EBITA, 5 Yr. CAGR %	3.37	8.15	6.59	0.32	2.48
EBIT, 5 Yr. CAGR %	3.37	8.15	6.59	0.32	2.48
Earnings From Cont. Operations, 5 Yr. CAGR %	5.29	12.49	-9.56	-7.28	-0.75
Net Income, 5 Yr. CAGR %	5.29	12.49	-9.56	-7.28	-0.75
Normalized Net Income, 5 Yr. CAGR %	3.29	7.99	5.92	0.82	2.5
Diluted EPS Before Extra, 5 Yr. CAGR %	8.99	16.59	-5.7	-3.35	2.46
Accounts Receivable, 5 Yr. CAGR %	-7.84	-4.75	4.95	3.57	2.91
Inventory, 5 Yr. CAGR %	-4	-3.24	2.65	4.98	2.57
Net Property, Plant and Equip., 5 Yr. CAGR %	1.85	1.51	1.43	1.63	2.34
Total Assets, 5 Yr. CAGR %	2.15	1.98	1.72	2.82	2.87
Tangible Book Value, 5 Yr. CAGR %	3.95	1.91	-4.89	-3.61	-1.18
Common Equity, 5 Yr. CAGR %	3.95	1.91	-4.89	-3.61	-1.18
Cash From Operations, 5 Yr. CAGR %	4.58	7	5.35	-3.13	0.81
Capital Expenditures, 5 Yr. CAGR %	-8.93	-4.87	2.49	3.78	14.79
Levered Free Cash Flow, 5 Yr. CAGR %	28.08	20.14	5.6	1.68	-26.02
Unlevered Free Cash Flow, 5 Yr. CAGR %	18.92	16.51	5.42	2.42	-13.43
Dividend Per Share, 5 Yr. CAGR %	9.76	12	15.24	12.18	8.45