Norfolk Southern (NSC) FCF Margin (2009 - 2026)

Norfolk Southern (NSC) has 18 years of FCF Margin data on file, last reported at 1.27% in Q1 2026.

• FCF Margin for Q1 2026 came in at 1.27%, down 1801.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 31.37% (up 71.0% YoY), and the FY2025 annual result was 35.8%, up 1593.0% from the prior year.
• FCF Margin eased to 1.27% in Q1 2026 per NSC's latest filing, from 85.34% in the prior quarter.
• Over five years, FCF Margin peaked at 85.34% in Q4 2025 and troughed at 26.73% in Q1 2024.
• A 5-year average of 23.26% and a median of 20.75% in 2022 frame the typical range for FCF Margin.
• The sharpest annual moves came in 2023 and 2024: FCF Margin surged 6563 bps in 2023, then slumped 6418 bps in 2024.
• A 5-year view of FCF Margin shows it stood at 4.08% in 2022, then soared by 1609 bps to 69.7% in 2023, then sank by 55 bps to 31.45% in 2024, then jumped by 171 bps to 85.34% in 2025, then tumbled by 101 bps to 1.27% in 2026.
• Business Quant data shows NSC's FCF Margin at 1.27% in Q1 2026, 85.34% in Q4 2025, and 6.57% in Q3 2025.