Norfolk Southern (NSC) Free Cash Flow (2009 - 2026)

Norfolk Southern (NSC) reported Free Cash Flow of -$38.0 million for Q1 2026, down 107.58% year-over-year from $501.0 million in Q1 2025, and down 101.5% quarter-over-quarter from $2.5 billion in Q4 2025.

Norfolk Southern (NSC) Free Cash Flow (2009 - 2026) Analysis & Trends

Norfolk Southern (NSC) has 18 years of Free Cash Flow data on file, last reported at -$38.0 million in Q1 2026.

  • Free Cash Flow for Q1 2026 came in at -$38.0 million, down 107.58% year-over-year; the trailing twelve-month figure through Mar 2026 was $3.8 billion (up 2.94% YoY), and the FY2025 annual result was $4.4 billion, up 81.03% from the prior year.
  • Free Cash Flow fell to -$38.0 million in Q1 2026 per NSC's latest filing, from $2.5 billion in the prior quarter.
  • Over five years, Free Cash Flow peaked at $2.5 billion in Q4 2025 and troughed at -$803.0 million in Q1 2024.
  • A 5-year average of $715.5 million and a median of $605.0 million in 2022 frame the typical range for Free Cash Flow.
  • The sharpest annual moves came in 2023 and 2024: Free Cash Flow soared 1522.73% in 2023, then tumbled 168.46% in 2024.
  • A 5-year view of Free Cash Flow shows it stood at $132.0 million in 2022, then soared by 1522.73% to $2.1 billion in 2023, then slumped by 55.6% to $951.0 million in 2024, then jumped by 166.88% to $2.5 billion in 2025, then slumped by 101.5% to -$38.0 million in 2026.
  • Business Quant data shows NSC's Free Cash Flow at -$38.0 million in Q1 2026, $2.5 billion in Q4 2025, and -$204.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Union Pacific 152.26 Bn 151.22 Bn 5.85 Bn 1.50 Bn
2 Csx 84.99 Bn 83.89 Bn 3.18 Bn 729.00 Mn
3 Norfolk Southern 67.33 Bn 65.99 Bn 2.74 Bn -38.00 Mn
4 Canadian Pacific Kansas City 56.27 Bn 56.68 Bn 2.36 Bn 227.51 Mn
5 Westinghouse Air Brake Technologies 46.65 Bn 46.16 Bn 1.06 Bn 153.00 Mn
6 Trinity Industries 2.76 Bn 2.82 Bn 128.90 Mn -51.40 Mn
7 Greenbrier Companies 1.54 Bn 1.05 Bn 69.50 Mn 128.60 Mn
8 Foster L B 438.47 Mn 435.35 Mn 25.70 Mn -13.40 Mn
9 Rail Vision 179.83 Mn 159.33 Mn 504,000.00 -4.35 Mn
10 FreightCar America 178.32 Mn 114.02 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 -38.00 Mn
Mar 31, 2026 -38.00 Mn
Dec 31, 2025 2.54 Bn
Dec 31, 2025 2.54 Bn
Sep 30, 2025 -204.00 Mn
Sep 30, 2025 -204.00 Mn
Jun 30, 2025 1.53 Bn
Jun 30, 2025 1.53 Bn
Mar 31, 2025 501.00 Mn
Mar 31, 2025 501.00 Mn
Dec 31, 2024 951.00 Mn
Dec 31, 2024 951.00 Mn
Sep 30, 2024 708.00 Mn
Sep 30, 2024 708.00 Mn
Jun 30, 2024 1.55 Bn
Jun 30, 2024 1.55 Bn
Mar 31, 2024 -803.00 Mn
Mar 31, 2024 -803.00 Mn
Dec 31, 2023 2.14 Bn
Dec 31, 2023 2.14 Bn