Growth Metrics

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

Norfolk Southern (NSC) has disclosed FCF Margin for 17 consecutive years, with 35.74% as the latest value for Q4 2025.

  • On a quarterly basis, FCF Margin rose 2870.0% to 35.74% in Q4 2025 year-over-year; TTM through Dec 2025 was 35.8%, a 2202.0% increase, with the full-year FY2025 number at 35.8%, up 2202.0% from a year prior.
  • FCF Margin was 35.74% for Q4 2025 at Norfolk Southern, down from 70.74% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 70.74% in Q3 2025 to a low of 53.66% in Q4 2023.
  • A 5-year average of 19.89% and a median of 22.27% in 2022 define the central range for FCF Margin.
  • Peak YoY movement for FCF Margin: crashed -5774bps in 2023, then soared 6070bps in 2024.
  • Norfolk Southern's FCF Margin stood at 17.43% in 2021, then crashed by -77bps to 4.08% in 2022, then tumbled by -1416bps to 53.66% in 2023, then surged by 113bps to 7.04% in 2024, then surged by 407bps to 35.74% in 2025.
  • Per Business Quant, the three most recent readings for NSC's FCF Margin are 35.74% (Q4 2025), 70.74% (Q3 2025), and 19.36% (Q2 2025).