Norfolk Southern (NSC) Change in Cash (2009 - 2026)
Norfolk Southern (NSC) recorded Change in Cash of $529 million in Q3 2026, up 360.0% from $115 million a year earlier.
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Analysis
Norfolk Southern (NSC) Change in Cash (2009 - 2026) Analysis & Trends
On a TTM basis, Norfolk Southern's Change in Cash came in at $180 million as of Sep 30, 2026, down 59.4% year-over-year; for FY2025, it came in at -$111 million.
- Across earlier years, Change in Cash came in at $73 million in FY2024 (-93.4%), $1.11 billion in FY2023, -$383 million in FY2022 and -$276 million in FY2021.
- The Q3 2026 figure is the highest quarterly Change in Cash since Q4 2024.
- On a year-over-year basis, Change in Cash rose in two of the last four quarters, with growth averaging 296.9%.
- Per Business Quant, the preceding three quarters came in at -$272 million (Q2 2026), -$189 million (Q1 2026) and $112 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Cash (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 179.72 Bn | 171.97 Bn | - | 595.00 Mn |
| 2 | Csx | 95.95 Bn | 91.18 Bn | - | 216.00 Mn |
| 3 | United Parcel Service | 84.51 Bn | 61.36 Bn | 22.04 Bn | 2.18 Bn |
| 4 | Canadian Pacific Kansas City | 81.84 Bn | 81.57 Bn | 57.15 Mn | 23.57 Mn |
| 5 | Fedex | 76.69 Bn | 42.88 Bn | 18.84 Bn | 1.62 Bn |
| 6 | Norfolk Southern | 73.66 Bn | 68.13 Bn | - | 529.00 Mn |
| 7 | Delta Air Lines | 56.72 Bn | 38.90 Bn | - | -891.00 Mn |
| 8 | Old Dominion Freight Line | 36.07 Bn | 34.91 Bn | 1.56 Bn | 182.29 Mn |
| 9 | United Airlines Holdings | 35.51 Bn | -22.18 Bn | - | -3.51 Bn |
| 10 | Ryanair Holdings | 30.13 Bn | 14.39 Bn | - | 39.46 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 529.00 Mn |
| Jun 30, 2026 | -272.00 Mn |
| Mar 31, 2026 | -189.00 Mn |
| Dec 31, 2025 | 112.00 Mn |
| Sep 30, 2025 | 115.00 Mn |
| Jun 30, 2025 | 297.00 Mn |
| Mar 31, 2025 | -635.00 Mn |
| Dec 31, 2024 | 666.00 Mn |
| Sep 30, 2024 | 316.00 Mn |
| Jun 30, 2024 | 7.00 Mn |
| Mar 31, 2024 | -916.00 Mn |
| Dec 31, 2023 | 62.00 Mn |
| Sep 30, 2023 | 950.00 Mn |
| Jun 30, 2023 | 4.00 Mn |
| Mar 31, 2023 | 96.00 Mn |
| Dec 31, 2022 | -758.00 Mn |
| Sep 30, 2022 | -45.00 Mn |
| Jun 30, 2022 | -312.00 Mn |
| Mar 31, 2022 | 732.00 Mn |
| Dec 31, 2021 | -626.00 Mn |
API Access
Norfolk Southern Change in Cash 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=change-in-cash&ticker=NSC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-cash", "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=change-in-cash&ticker=NSC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();