Norfolk Southern (NSC) Depreciation & Amortization (CF) (2009 - 2026)
Norfolk Southern (NSC) reported Depreciation & Amortization (CF) of $363 million for Q3 2026, up 4.3% from $348 million a year earlier and up 1.4% from the prior quarter.
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Analysis
Norfolk Southern (NSC) Depreciation & Amortization (CF) (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Norfolk Southern's Depreciation & Amortization (CF) came in at $1.43 billion, up 3.2% year-over-year; for FY2025, it came in at $1.39 billion, up 3.0% from FY2024.
- Depreciation & Amortization (CF) has increased for nine consecutive years, with a five-year compound annual growth rate of 3.8% (FY2020 to FY2025).
- By year, Depreciation & Amortization (CF) came in at $1.35 billion in FY2024 (+4.2%), $1.3 billion in FY2023 (+6.3%), $1.22 billion in FY2022 (+3.4%) and $1.18 billion in FY2021 (+2.3%).
- The Q3 2026 figure ranks as the highest quarterly Depreciation & Amortization (CF) in data going back to Q1 2009.
- Year over year, Depreciation & Amortization (CF) has now increased in each of the last 22 quarters, with growth averaging 3.1% over the last eight quarters.
- Over the past five years, the year-over-year growth in Depreciation & Amortization (CF) ranged from 1.7% (Q1 2026) to 6.8% (Q4 2023).
- Per Business Quant data, the three quarters before Q3 2026 came in at $358 million (Q2 2026), $352 million (Q1 2026) and $353 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Dep. & Amort. (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 179.72 Bn | 171.97 Bn | - | 643.00 Mn |
| 2 | Csx | 95.95 Bn | 91.18 Bn | - | 413.00 Mn |
| 3 | United Parcel Service | 84.51 Bn | 61.36 Bn | 22.04 Bn | 965.00 Mn |
| 4 | Canadian Pacific Kansas City | 81.84 Bn | 81.57 Bn | 57.15 Mn | 377.89 Mn |
| 5 | Fedex | 76.69 Bn | 42.88 Bn | 18.84 Bn | 1.13 Bn |
| 6 | Norfolk Southern | 73.66 Bn | 68.13 Bn | - | 363.00 Mn |
| 7 | Delta Air Lines | 56.72 Bn | 38.90 Bn | - | - |
| 8 | Old Dominion Freight Line | 36.07 Bn | 34.91 Bn | 1.56 Bn | 90.42 Mn |
| 9 | United Airlines Holdings | 35.51 Bn | -22.18 Bn | - | - |
| 10 | Ryanair Holdings | 30.13 Bn | 14.39 Bn | - | 460.06 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 363.00 Mn |
| Jun 30, 2026 | 358.00 Mn |
| Mar 31, 2026 | 352.00 Mn |
| Dec 31, 2025 | 353.00 Mn |
| Sep 30, 2025 | 348.00 Mn |
| Jun 30, 2025 | 346.00 Mn |
| Mar 31, 2025 | 346.00 Mn |
| Dec 31, 2024 | 342.00 Mn |
| Sep 30, 2024 | 339.00 Mn |
| Jun 30, 2024 | 335.00 Mn |
| Mar 31, 2024 | 337.00 Mn |
| Dec 31, 2023 | 330.00 Mn |
| Sep 30, 2023 | 326.00 Mn |
| Jun 30, 2023 | 321.00 Mn |
| Mar 31, 2023 | 321.00 Mn |
| Dec 31, 2022 | 309.00 Mn |
| Sep 30, 2022 | 306.00 Mn |
| Jun 30, 2022 | 304.00 Mn |
| Mar 31, 2022 | 302.00 Mn |
| Dec 31, 2021 | 298.00 Mn |
API Access
Norfolk Southern Depreciation & Amortization (CF) 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=depreciation-and-amortization-cf&ticker=NSC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "depreciation-and-amortization-cf", "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=depreciation-and-amortization-cf&ticker=NSC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();