Growth Metrics

Norfolk Southern (NSC) EBITDA Margin (2016 - 2025)

Norfolk Southern (NSC) has disclosed EBITDA Margin for 17 consecutive years, with 43.38% as the latest value for Q4 2025.

  • On a quarterly basis, EBITDA Margin fell 533.0% to 43.38% in Q4 2025 year-over-year; TTM through Dec 2025 was 34.93%, a 39.0% increase, with the full-year FY2025 number at 47.2%, up 246.0% from a year prior.
  • EBITDA Margin was 43.38% for Q4 2025 at Norfolk Southern, down from 46.6% in the prior quarter.
  • In the past five years, EBITDA Margin ranged from a high of 63.42% in Q3 2024 to a low of 1.7% in Q1 2024.
  • A 5-year average of 33.81% and a median of 32.98% in 2023 define the central range for EBITDA Margin.
  • Peak YoY movement for EBITDA Margin: surged 2700bps in 2024, then plummeted -1682bps in 2025.
  • Norfolk Southern's EBITDA Margin stood at 50.04% in 2021, then decreased by -8bps to 46.03% in 2022, then fell by -20bps to 37.03% in 2023, then soared by 32bps to 48.71% in 2024, then fell by -11bps to 43.38% in 2025.
  • Per Business Quant, the three most recent readings for NSC's EBITDA Margin are 43.38% (Q4 2025), 46.6% (Q3 2025), and 24.69% (Q2 2025).