Norfolk Southern (NSC) Capital Expenditures (2009 - 2026)
Norfolk Southern's Capital Expenditures was $586 million in Q3 2026, up 6.4% from $551 million a year earlier and up 33.5% 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 $2.14 billion through Sep 30, 2026, down 0.7% year-over-year; for FY2025, it came in at $2.2 billion, down 45.2% from FY2024.
- Capital Expenditures shows a five-year compound annual growth rate of 8.1% (FY2020 to FY2025).
- In earlier years, Capital Expenditures was $4.02 billion in FY2024 (+71.3%), $2.35 billion in FY2023 (+20.6%), $1.95 billion in FY2022 (+32.5%) and $1.47 billion in FY2021 (-1.6%).
- Quarterly Capital Expenditures has moved between $382 million (Q1 2026) and $2.2 billion (Q1 2024) over five years.
- Compared with a year earlier, Capital Expenditures was higher in two of the last eight quarters, with an average decline of 16.3%.
- The best year-over-year quarter for Capital Expenditures over five years was Q1 2024 (growth of 413.8%); the worst was Q1 2025 (a decline of 79.6%).
- Per Business Quant data, NSC's Capital Expenditures in the three quarters before Q3 2026 was $439 million (Q2 2026), $382 million (Q1 2026) and $729 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 176.01 Bn | 168.25 Bn | - | 1.02 Bn |
| 2 | Csx | 93.62 Bn | 88.85 Bn | - | 593.00 Mn |
| 3 | United Parcel Service | 92.85 Bn | 69.67 Bn | - | 497.00 Mn |
| 4 | Canadian Pacific Kansas City | 82.31 Bn | 81.35 Bn | - | 437.89 Mn |
| 5 | Fedex | 74.59 Bn | 40.78 Bn | - | 1.47 Bn |
| 6 | Norfolk Southern | 72.94 Bn | 67.40 Bn | - | 586.00 Mn |
| 7 | Delta Air Lines | 59.87 Bn | 42.05 Bn | - | 1.41 Bn |
| 8 | United Airlines Holdings | 39.08 Bn | -18.61 Bn | - | 2.14 Bn |
| 9 | Old Dominion Freight Line | 34.91 Bn | 33.76 Bn | - | 67.04 Mn |
| 10 | Ryanair Holdings | 32.51 Bn | -871.89 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 586.00 Mn |
| 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 | 581.00 Mn |
| Jun 30, 2024 | 569.00 Mn |
| Mar 31, 2024 | 2.20 Bn |
| Dec 31, 2023 | 853.00 Mn |
| Sep 30, 2023 | 548.00 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 |
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();