Norfolk Southern (NSC) EBITDA Margin (2009 - 2026)
Norfolk Southern (NSC) reported EBITDA Margin of 40.99% for Q1 2026, up 1590.0% year-over-year from 2.43% in Q1 2025, and down 5.49% on a QoQ basis from 43.38% in Q4 2025.
Norfolk Southern (NSC) has 18 years of EBITDA Margin data on file, last reported at 40.99% in Q1 2026.
- Quarterly EBITDA Margin rose 1590.0% year-over-year to 40.99% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 38.84% (down 151.0% YoY) and the FY2025 annual result came in at 47.2%, up 246.0% from the prior year.
- EBITDA Margin retreated to 40.99% in Q1 2026 per NSC's latest filing, from 43.38% in the prior quarter.
- Across five years, EBITDA Margin topped out at 63.42% in Q3 2024 and bottomed at 1.7% in Q1 2024.
- The 5-year median for EBITDA Margin is 36.42% (2023), against an average of 33.03%.
- The widest annual swing landed in 2024, when EBITDA Margin soared 2700 bps; it then sank 1682 bps in 2025.
- Tracing NSC's EBITDA Margin over 5 years: stood at 46.03% in 2022, then fell by 20 bps to 37.03% in 2023, then soared by 32 bps to 48.71% in 2024, then slipped by 11 bps to 43.38% in 2025, then declined by 5 bps to 40.99% in 2026.
- Per Business Quant, the three latest NSC EBITDA Margin figures stand at 40.99% (Q1 2026), 43.38% (Q4 2025), and 46.6% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 155.75 Bn | 154.71 Bn | 5.85 Bn | 49.72% |
| 2 | Csx | 84.18 Bn | 83.08 Bn | 3.18 Bn | 35.99% |
| 3 | Norfolk Southern | 68.46 Bn | 67.12 Bn | 2.74 Bn | 40.99% |
| 4 | Canadian Pacific Kansas City | 58.41 Bn | 58.81 Bn | 2.36 Bn | 33.99% |
| 5 | Westinghouse Air Brake Technologies | 44.40 Bn | 43.91 Bn | 1.06 Bn | 17.53% |
| 6 | Trinity Industries | 2.59 Bn | 2.65 Bn | 128.90 Mn | 20.55% |
| 7 | Greenbrier Companies | 1.46 Bn | 968.55 Mn | 69.50 Mn | 4.27% |
| 8 | Foster L B | 419.50 Mn | 416.39 Mn | 25.70 Mn | 1.69% |
| 9 | FreightCar America | 145.10 Mn | 80.80 Mn | - | - |
| 10 | Swvl Holdings | 18.35 Mn | 13.93 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 40.99% |
| Dec 31, 2025 | 43.38% |
| Sep 30, 2025 | 46.60% |
| Jun 30, 2025 | 24.69% |
| Mar 31, 2025 | 25.09% |
| Dec 31, 2024 | 48.71% |
| Sep 30, 2024 | 63.42% |
| Jun 30, 2024 | 23.95% |
| Mar 31, 2024 | 1.70% |
| Dec 31, 2023 | 37.03% |
| Sep 30, 2023 | 36.42% |
| Jun 30, 2023 | 11.81% |
| Mar 31, 2023 | 14.75% |
| Dec 31, 2022 | 46.03% |
| Sep 30, 2022 | 47.20% |
| Jun 30, 2022 | 25.38% |
| Mar 31, 2022 | 24.39% |
| Dec 31, 2021 | 50.04% |
| Sep 30, 2021 | 50.25% |
| Jun 30, 2021 | 29.55% |
| Mar 31, 2021 | 25.81% |
| Dec 31, 2020 | 49.40% |
| Sep 30, 2020 | 45.21% |
| Jun 30, 2020 | 19.09% |
| Mar 31, 2020 | 14.90% |
| Dec 31, 2019 | 46.36% |
| Sep 30, 2019 | 45.12% |
| Jun 30, 2019 | 24.79% |
| Mar 31, 2019 | 23.94% |
| Dec 31, 2018 | 46.93% |
| Sep 30, 2018 | 43.98% |
| Jun 30, 2018 | 24.74% |
| Mar 31, 2018 | 20.17% |
| Dec 31, 2017 | 47.40% |
| Sep 30, 2017 | 43.45% |
| Jun 30, 2017 | 43.08% |
| Mar 31, 2017 | 39.46% |
| Dec 31, 2016 | 40.84% |
| Sep 30, 2016 | 42.71% |
| Jun 30, 2016 | 41.85% |
| Mar 31, 2016 | 40.29% |
| Dec 31, 2015 | 37.09% |
| Sep 30, 2015 | 40.43% |
| Jun 30, 2015 | 39.11% |
| Mar 31, 2015 | 33.15% |
| Dec 31, 2014 | 39.27% |
| Sep 30, 2014 | 40.82% |
| Jun 30, 2014 | 41.32% |
| Mar 31, 2014 | 33.62% |
| Dec 31, 2013 | 38.53% |
| Sep 30, 2013 | 38.21% |
| Jun 30, 2013 | 37.90% |
| Mar 31, 2013 | 33.53% |
| Dec 31, 2012 | 35.51% |
| Sep 30, 2012 | 35.69% |
| Jun 30, 2012 | 40.47% |
| Mar 31, 2012 | 34.74% |
| Dec 31, 2011 | 36.50% |
| Sep 30, 2011 | 39.98% |
| Jun 30, 2011 | 37.96% |
| Mar 31, 2011 | 30.95% |
| Dec 31, 2010 | 35.49% |
| Sep 30, 2010 | 38.68% |
| Jun 30, 2010 | 38.56% |
| Mar 31, 2010 | 33.91% |
| Dec 31, 2009 | 36.18% |
| Sep 30, 2009 | 37.42% |
| Jun 30, 2009 | 36.35% |
| Mar 31, 2009 | 30.37% |