Norfolk Southern (NSC) EBITDA Margin (2009 - 2026)
Norfolk Southern's EBITDA Margin was 42.77% in Q2 2026, down 6.14 percentage points from 48.91% a year earlier but up 1.78 percentage points from the prior quarter.
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Analysis
Norfolk Southern (NSC) EBITDA Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Norfolk Southern's EBITDA Margin was 43.44% through Jun 30, 2026, down 9.29 percentage points year-over-year; for FY2025, it was 47.20%, up 2.46 percentage points from FY2024.
- EBITDA Margin shows a five-year change of +4.74 percentage points (FY2020 to FY2025).
- In earlier years, EBITDA Margin was 44.74% in FY2024 (+10.61 pp), 34.13% in FY2023 (-13.18 pp), 47.31% in FY2022 (-3.20 pp) and 50.51% in FY2021 (+8.06 pp).
- Quarterly EBITDA Margin has moved between 18.31% (Q1 2024) and 63.42% (Q3 2024) over five years.
- Compared with a year earlier, EBITDA Margin has declined for four straight quarters, with an average year-over-year change of +4.23 percentage points over the last eight quarters.
- The best year-over-year quarter for EBITDA Margin over five years was Q1 2025 (a gain of 31.54 percentage points); the worst was Q2 2023 (a drop of 18.36 percentage points).
- Per Business Quant data, NSC's EBITDA Margin in the three quarters before Q2 2026 was 40.99% (Q1 2026), 43.38% (Q4 2025) and 46.60% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.85 Bn | 157.37 Bn | - | 49.55% |
| 2 | Csx | 86.62 Bn | 82.84 Bn | - | 48.72% |
| 3 | Canadian Pacific Kansas City | 76.11 Bn | 75.83 Bn | - | 47.81% |
| 4 | United Parcel Service | 70.66 Bn | 47.58 Bn | - | 8.36% |
| 5 | Norfolk Southern | 70.32 Bn | 64.96 Bn | - | 42.77% |
| 6 | Fedex | 68.53 Bn | 34.48 Bn | - | 10.71% |
| 7 | Delta Air Lines | 55.25 Bn | 37.43 Bn | - | 12.75% |
| 8 | Old Dominion Freight Line | 36.69 Bn | 35.95 Bn | - | 35.84% |
| 9 | Ryanair Holdings | 28.78 Bn | 12.78 Bn | 3.13 Bn | 22.64% |
| 10 | Copart | 25.20 Bn | 8.75 Bn | 732.88 Mn | 42.31% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 42.77% |
| Mar 31, 2026 | 40.99% |
| Dec 31, 2025 | 43.38% |
| Sep 30, 2025 | 46.60% |
| Jun 30, 2025 | 48.91% |
| Mar 31, 2025 | 49.85% |
| Dec 31, 2024 | 48.71% |
| Sep 30, 2024 | 63.42% |
| Jun 30, 2024 | 48.16% |
| Mar 31, 2024 | 18.31% |
| Dec 31, 2023 | 37.03% |
| Sep 30, 2023 | 36.42% |
| Jun 30, 2023 | 30.10% |
| Mar 31, 2023 | 32.95% |
| Dec 31, 2022 | 46.03% |
| Sep 30, 2022 | 47.20% |
| Jun 30, 2022 | 48.46% |
| Mar 31, 2022 | 47.58% |
| Dec 31, 2021 | 50.04% |
| Sep 30, 2021 | 50.25% |
API Access
Norfolk Southern EBITDA Margin 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-margin&ticker=NSC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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-margin&ticker=NSC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();