Norfolk Southern (NSC) Free Cash Flow (2009 - 2026)
Norfolk Southern (NSC) posted quarterly Free Cash Flow of $615.0 million for Q2 2026, up 2.16% year-over-year from $602.0 million in Q2 2025, and up 1718.42% quarter-over-quarter from -$38.0 million in Q1 2026.
Norfolk Southern (NSC) Free Cash Flow (2009 - 2026) Analysis & Trends
Norfolk Southern (NSC) has reported Free Cash Flow for 18 consecutive years, with $615.0 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Free Cash Flow rose 2.16% year-over-year to $615.0 million; the TTM figure through Jun 2026 stood at $1.6 billion (down 35.84% YoY), while the FY2025 annual figure was $2.2 billion, up 29.08% from the prior year.
- Free Cash Flow climbed to $615.0 million in Q2 2026 per NSC's latest filing, from -$38.0 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $1.2 billion in Q3 2024 and bottomed at -$803.0 million in Q1 2024.
- Historically, Free Cash Flow has averaged $418.4 million across 5 years, with a median of $535.0 million in 2022.
- Annual changes were most pronounced in 2023 — Free Cash Flow tumbled 223.48% — and 2024, when it jumped 894.02%.
- Norfolk Southern's Free Cash Flow stood at $132.0 million in 2022, then sank by 223.48% to -$163.0 million in 2023, then surged by 269.33% to $276.0 million in 2024, then rose by 21.01% to $334.0 million in 2025, then surged by 84.13% to $615.0 million in 2026.
- Business Quant data shows NSC's Free Cash Flow at $615.0 million in Q2 2026, -$38.0 million in Q1 2026, and $334.0 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 182.58 Bn | 180.47 Bn | 6.50 Bn | 2.20 Bn |
| 2 | Csx | 95.72 Bn | 94.33 Bn | 3.29 Bn | 751.00 Mn |
| 3 | Canadian Pacific Kansas City | 85.71 Bn | 85.44 Bn | 2.92 Bn | 699.79 Mn |
| 4 | Canadian National Railway | 79.38 Bn | 79.38 Bn | - | - |
| 5 | Norfolk Southern | 78.72 Bn | 77.65 Bn | - | 615.00 Mn |
| 6 | Westinghouse Air Brake Technologies | 50.38 Bn | 49.71 Bn | 1.16 Bn | 379.00 Mn |
| 7 | Trinity Industries | 2.37 Bn | 2.21 Bn | 109.90 Mn | -16.50 Mn |
| 8 | Greenbrier Companies | 1.43 Bn | 1.15 Bn | 81.10 Mn | -286.40 Mn |
| 9 | Foster L B | 392.93 Mn | 387.15 Mn | 30.87 Mn | 14.30 Mn |
| 10 | FreightCar America | 235.01 Mn | 170.72 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 615.00 Mn |
| Jun 30, 2026 | 615.00 Mn |
| Mar 31, 2026 | -38.00 Mn |
| Mar 31, 2026 | -38.00 Mn |
| Dec 31, 2025 | 334.00 Mn |
| Dec 31, 2025 | 334.00 Mn |
| Sep 30, 2025 | 720.00 Mn |
| Sep 30, 2025 | 720.00 Mn |
| Jun 30, 2025 | 602.00 Mn |
| Jun 30, 2025 | 602.00 Mn |
| Mar 31, 2025 | 501.00 Mn |
| Mar 31, 2025 | 501.00 Mn |
| Dec 31, 2024 | 276.00 Mn |
| Dec 31, 2024 | 276.00 Mn |
| Sep 30, 2024 | 1.16 Bn |
| Sep 30, 2024 | 1.16 Bn |
| Jun 30, 2024 | 1.04 Bn |
| Jun 30, 2024 | 1.04 Bn |
| Mar 31, 2024 | -803.00 Mn |
| Mar 31, 2024 | -803.00 Mn |