Norfolk Southern (NSC) Capital Expenditures (2009 - 2026)
Norfolk Southern's Capital Expenditures was $439 million in Q2 2026, down 7.6% from $475 million a year earlier but up 14.9% from the prior quarter.
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Analysis
Norfolk Southern (NSC) Capital Expenditures (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Norfolk Southern's Capital Expenditures was $2.1 billion through Jun 30, 2026, up 26.4% year-over-year; for FY2025, it came in at $2.2 billion, down 7.4% from FY2024.
- Capital Expenditures shows a five-year compound annual growth rate of 8.1% (FY2020 to FY2025).
- In earlier years, Capital Expenditures was $2.38 billion in FY2024 (+2.3%), $2.33 billion in FY2023 (+19.5%), $1.95 billion in FY2022 (+32.5%) and $1.47 billion in FY2021 (-1.6%).
- Quarterly Capital Expenditures has moved between $1 million (Q2 2024) and $1.64 billion (Q1 2024) over five years.
- Compared with a year earlier, Capital Expenditures was higher in two of the last seven quarters, with growth averaging 82.8%.
- The best year-over-year quarter for Capital Expenditures over five years was Q3 2025 (growth of 774.6%); the worst was Q2 2024 (a decline of 99.8%).
- Per Business Quant data, NSC's Capital Expenditures in the three quarters before Q2 2026 was $382 million (Q1 2026), $729 million (Q4 2025) and $551 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.83 Bn | 157.35 Bn | - | 873.00 Mn |
| 2 | Csx | 86.94 Bn | 83.15 Bn | - | 576.00 Mn |
| 3 | Canadian Pacific Kansas City | 76.07 Bn | 75.78 Bn | - | 547.98 Mn |
| 4 | United Parcel Service | 70.39 Bn | 47.31 Bn | - | 693.00 Mn |
| 5 | Norfolk Southern | 70.35 Bn | 64.99 Bn | - | 439.00 Mn |
| 6 | Fedex | 68.01 Bn | 33.95 Bn | - | 1.47 Bn |
| 7 | Delta Air Lines | 55.83 Bn | 38.01 Bn | - | -786.00 Mn |
| 8 | Old Dominion Freight Line | 36.82 Bn | 36.08 Bn | - | 77.04 Mn |
| 9 | Ryanair Holdings | 28.96 Bn | 12.97 Bn | 3.13 Bn | -551.77 Mn |
| 10 | Copart | 25.14 Bn | 9.56 Bn | 645.66 Mn | 78.81 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 439.00 Mn |
| Mar 31, 2026 | 382.00 Mn |
| Dec 31, 2025 | 729.00 Mn |
| Sep 30, 2025 | 551.00 Mn |
| Jun 30, 2025 | 475.00 Mn |
| Mar 31, 2025 | 449.00 Mn |
| Dec 31, 2024 | 675.00 Mn |
| Sep 30, 2024 | 63.00 Mn |
| Jun 30, 2024 | 1.00 Mn |
| Mar 31, 2024 | 1.64 Bn |
| Dec 31, 2023 | 836.00 Mn |
| Sep 30, 2023 | 543.00 Mn |
| Jun 30, 2023 | 520.00 Mn |
| Mar 31, 2023 | 428.00 Mn |
| Dec 31, 2022 | 666.00 Mn |
| Sep 30, 2022 | 445.00 Mn |
| Jun 30, 2022 | 448.00 Mn |
| Mar 31, 2022 | 389.00 Mn |
| Dec 31, 2021 | 445.00 Mn |
| Sep 30, 2021 | 398.00 Mn |
API Access
Norfolk Southern Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=NSC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "NSC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=NSC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();