Norfolk Southern (NSC) EV to FCF (2009 - 2026)
Norfolk Southern's (NSC) EV to FCF came in at 41.20 for Q3 2026, up 31.0% from 31.44 a year earlier but down 3.4% from the prior quarter.
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Analysis
Norfolk Southern (NSC) EV to FCF (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, EV to FCF at Norfolk Southern was 38.81, up 31.3% year-over-year; for FY2025, it was 29.33, down 98.4% from FY2024.
- In prior years, Norfolk Southern's EV to FCF was 1838.45 in FY2024, 62.38 in FY2023 (+154.5%), 24.51 in FY2022 (-3.4%) and 25.37 in FY2021 (-7.5%).
- Quarterly EV to FCF has run from a low of 17.93 in Q3 2022 to a high of 1838.45 in Q4 2024 over five years.
- On a year-over-year basis, EV to FCF has increased in each of the last three quarters, with growth averaging 6.7% over the last four quarters.
- The strongest year-over-year quarter for EV to FCF in the past five years was Q4 2023, with growth of 154.5%; the weakest was Q4 2025, with a decline of 98.4%.
- According to Business Quant data, EV to FCF for the three prior quarters was 42.67 (Q2 2026), 39.01 (Q1 2026) and 29.33 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Union Pacific | 179.72 Bn | 171.97 Bn | - |
| 2 | Csx | 95.95 Bn | 91.18 Bn | - |
| 3 | United Parcel Service | 84.51 Bn | 61.36 Bn | 22.04 Bn |
| 4 | Canadian Pacific Kansas City | 81.84 Bn | 81.57 Bn | 57.15 Mn |
| 5 | Fedex | 76.69 Bn | 42.88 Bn | 18.84 Bn |
| 6 | Norfolk Southern | 73.66 Bn | 68.13 Bn | - |
| 7 | Delta Air Lines | 56.72 Bn | 38.90 Bn | - |
| 8 | Old Dominion Freight Line | 36.07 Bn | 34.91 Bn | 1.56 Bn |
| 9 | United Airlines Holdings | 35.51 Bn | -22.18 Bn | - |
| 10 | Ryanair Holdings | 30.13 Bn | 14.39 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 41.20 |
| Jun 30, 2026 | 42.67 |
| Mar 31, 2026 | 39.01 |
| Dec 31, 2025 | 29.33 |
| Sep 30, 2025 | 31.44 |
| Jun 30, 2025 | 27.76 |
| Mar 31, 2025 | 27.73 |
| Dec 31, 2024 | 1,838.45 |
| Dec 31, 2023 | 62.38 |
| Sep 30, 2023 | 37.68 |
| Jun 30, 2023 | 25.49 |
| Mar 31, 2023 | 19.76 |
| Dec 31, 2022 | 24.51 |
| Sep 30, 2022 | 17.93 |
| Jun 30, 2022 | 20.94 |
| Mar 31, 2022 | 25.15 |
| Dec 31, 2021 | 25.37 |
| Sep 30, 2021 | 20.89 |
| Jun 30, 2021 | 24.66 |
| Mar 31, 2021 | 28.73 |
API Access
Norfolk Southern EV to FCF 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=ev-to-fcf&ticker=NSC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "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=ev-to-fcf&ticker=NSC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();