Norfolk Southern Corp (NSC) FCF Margin (2009 - 2026)
Norfolk Southern's FCF Margin came in at 17.75% for Q2 2026, down 1.61 percentage points from 19.36% a year earlier but up 19.02 percentage points from the prior quarter.
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Analysis
Norfolk Southern Corp (NSC) FCF Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Norfolk Southern reported FCF Margin of 13.01%, down 7.87 percentage points year-over-year; for FY2025, it was 17.71%, up 3.93 percentage points from FY2024.
- FCF Margin carries a five-year change of -4.18 percentage points (FY2020 to FY2025).
- Going back by year, FCF Margin was 13.78% in FY2024 (+6.77 pp), 7.01% in FY2023 (-10.83 pp), 17.84% in FY2022 (-7.15 pp) and 25.00% in FY2021 (+3.10 pp).
- The five-year range for quarterly FCF Margin is -26.73% (Q1 2024) to 38.12% (Q3 2024).
- Year-over-year, FCF Margin increased in four of the last eight quarters, with an average year-over-year change of +5.63 percentage points.
- The fastest year-over-year change in FCF Margin over five years came in Q1 2025 (a gain of 43.47 percentage points), and the weakest in Q1 2024 (a drop of 50.52 percentage points).
- Business Quant data shows NSC's FCF Margin at -1.27% (Q1 2026), 11.23% (Q4 2025) and 23.20% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
Historic Data
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Historic 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% |
API Access
Norfolk Southern Corp FCF 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=fcf-margin&ticker=NSC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=NSC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();