Norfolk Southern (NSC) EBITDA (2009 - 2026)
Norfolk Southern (NSC) reported EBITDA of $1.51 billion for Q3 2026, up 4.6% from $1.45 billion a year earlier and up 2.1% from the prior quarter.
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Analysis
Norfolk Southern (NSC) EBITDA (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Norfolk Southern's EBITDA came in at $5.51 billion, down 7.0% year-over-year; for FY2025, it came in at $5.75 billion, up 6.0% from FY2024.
- EBITDA has a five-year compound annual growth rate of 6.7% (FY2020 to FY2025).
- By year, EBITDA came in at $5.42 billion in FY2024 (+30.7%), $4.15 billion in FY2023 (-31.2%), $6.03 billion in FY2022 (+7.1%) and $5.63 billion in FY2021 (+35.4%).
- The Q3 2026 figure ranks as the highest quarterly EBITDA since Q2 2025.
- Year over year, EBITDA gained in four of the last eight quarters, with growth averaging 18.9%.
- The high point for year-over-year EBITDA in five years was Q1 2025 (growth of 171.3%); the low point was Q1 2024 (a decline of 46.7%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $1.48 billion (Q2 2026), $1.23 billion (Q1 2026) and $1.29 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 172.47 Bn | 164.72 Bn | - | 3.59 Bn |
| 2 | United Parcel Service | 92.24 Bn | 69.07 Bn | - | 2.71 Bn |
| 3 | Csx | 90.81 Bn | 86.03 Bn | - | 1.98 Bn |
| 4 | Canadian Pacific Kansas City | 81.61 Bn | 80.64 Bn | - | 1.44 Bn |
| 5 | Fedex | 72.98 Bn | 39.17 Bn | - | 2.68 Bn |
| 6 | Norfolk Southern | 71.87 Bn | 66.34 Bn | - | 1.51 Bn |
| 7 | Delta Air Lines | 57.23 Bn | 39.41 Bn | - | 2.13 Bn |
| 8 | United Airlines Holdings | 36.65 Bn | -21.05 Bn | - | 2.22 Bn |
| 9 | Old Dominion Freight Line | 34.12 Bn | 32.96 Bn | - | 543.07 Mn |
| 10 | Ryanair Holdings | 31.32 Bn | 15.58 Bn | - | 2.55 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.51 Bn |
| Jun 30, 2026 | 1.48 Bn |
| Mar 31, 2026 | 1.23 Bn |
| Dec 31, 2025 | 1.29 Bn |
| Sep 30, 2025 | 1.45 Bn |
| Jun 30, 2025 | 1.52 Bn |
| Mar 31, 2025 | 1.49 Bn |
| Dec 31, 2024 | 1.47 Bn |
| Sep 30, 2024 | 1.94 Bn |
| Jun 30, 2024 | 1.47 Bn |
| Mar 31, 2024 | 550.00 Mn |
| Dec 31, 2023 | 1.14 Bn |
| Sep 30, 2023 | 1.08 Bn |
| Jun 30, 2023 | 897.00 Mn |
| Mar 31, 2023 | 1.03 Bn |
| Dec 31, 2022 | 1.49 Bn |
| Sep 30, 2022 | 1.58 Bn |
| Jun 30, 2022 | 1.58 Bn |
| Mar 31, 2022 | 1.39 Bn |
| Dec 31, 2021 | 1.43 Bn |
API Access
Norfolk Southern EBITDA 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=ebitda&ticker=NSC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "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=ebitda&ticker=NSC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();