Norfolk Southern (NSC) FCF Margin (2009 - 2026)
Norfolk Southern (NSC) posted quarterly FCF Margin of 17.75% for Q2 2026, down 161.0% year-over-year from 29.1% in Q2 2025, and up 1500.3% quarter-over-quarter from 1.27% in Q1 2026.
Norfolk Southern (NSC) FCF Margin (2009 - 2026) Analysis & Trends
Norfolk Southern (NSC) has reported FCF Margin for 18 consecutive years, with 17.75% the latest figure, recorded in Q2 2026.
- In Q2 2026, FCF Margin fell 161.0% year-over-year to 17.75%; the TTM figure through Jun 2026 stood at 13.01% (down 787.0% YoY), while the FY2025 annual figure was 17.71%, up 393.0% from the prior year.
- FCF Margin grew to 17.75% in Q2 2026 per NSC's latest filing, from 1.27% in the prior quarter.
- Across five years, FCF Margin topped out at 38.12% in Q3 2024 and bottomed at 26.73% in Q1 2024.
- Historically, FCF Margin has averaged 13.35% across 5 years, with a median of 17.12% in 2025.
- Annual changes were most pronounced in 2024 — FCF Margin plunged 5052 bps — and 2025, when it soared 4347 bps.
- Norfolk Southern's FCF Margin stood at 4.08% in 2022, then plunged by 230 bps to 5.3% in 2023, then jumped by 272 bps to 9.13% in 2024, then advanced by 23 bps to 11.23% in 2025, then surged by 58 bps to 17.75% in 2026.
- Business Quant data shows NSC's FCF Margin at 17.75% in Q2 2026, 1.27% in Q1 2026, and 11.23% in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 180.52 Bn | 178.40 Bn | 6.50 Bn | 32.09% |
| 2 | Csx | 94.59 Bn | 93.20 Bn | 3.29 Bn | 19.09% |
| 3 | Canadian Pacific Kansas City | 84.21 Bn | 83.94 Bn | 2.92 Bn | 23.25% |
| 4 | Canadian National Railway | 78.52 Bn | 78.52 Bn | - | - |
| 5 | Norfolk Southern | 77.93 Bn | 76.86 Bn | - | 17.75% |
| 6 | Westinghouse Air Brake Technologies | 49.47 Bn | 48.80 Bn | 1.16 Bn | 11.92% |
| 7 | Trinity Industries | 2.37 Bn | 2.21 Bn | 109.90 Mn | -3.40% |
| 8 | Greenbrier Companies | 1.42 Bn | 1.15 Bn | 81.10 Mn | -49.68% |
| 9 | Foster L B | 390.24 Mn | 384.46 Mn | 30.87 Mn | 10.32% |
| 10 | FreightCar America | 228.00 Mn | 163.70 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 17.75% |
| Mar 31, 2026 | -1.27% |
| Dec 31, 2025 | 11.23% |
| Sep 30, 2025 | 23.20% |
| Jun 30, 2025 | 19.36% |
| Mar 31, 2025 | 16.74% |
| Dec 31, 2024 | 9.13% |
| Sep 30, 2024 | 38.12% |
| Jun 30, 2024 | 34.00% |
| Mar 31, 2024 | -26.73% |
| Dec 31, 2023 | -5.30% |
| Sep 30, 2023 | 3.94% |
| Jun 30, 2023 | 5.13% |
| Mar 31, 2023 | 23.79% |
| Dec 31, 2022 | 4.08% |
| Sep 30, 2022 | 28.96% |
| Jun 30, 2022 | 17.51% |
| Mar 31, 2022 | 20.75% |
| Dec 31, 2021 | 17.43% |
| Sep 30, 2021 | 28.68% |