Norfolk Southern (NSC) Free Cash Flow (2009 - 2026)
Norfolk Southern (NSC) posted Free Cash Flow of $615 million for Q2 2026, up 2.2% from $602 million a year earlier.
Powered by 
Analysis
Norfolk Southern (NSC) Free Cash Flow (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Free Cash Flow at Norfolk Southern was $1.63 billion, down 35.8% year-over-year; for FY2025, it came in at $2.16 billion, up 29.1% from FY2024.
- Annual Free Cash Flow shows a five-year compound annual growth rate of 0.1% (FY2020 to FY2025).
- In prior years, Norfolk Southern's Free Cash Flow was $1.67 billion in FY2024 (+96.1%), $852 million in FY2023 (-62.5%), $2.27 billion in FY2022 (-18.3%) and $2.79 billion in FY2021 (+30.0%).
- Quarterly Free Cash Flow has run from a low of -$803 million in Q1 2024 to a high of $1.16 billion in Q3 2024 over five years.
- On a year-over-year basis, Free Cash Flow increased in three of the last five quarters, with growth averaging 167.5%.
- The strongest year-over-year quarter for Free Cash Flow in the past five years was Q3 2024, with growth of 894.0%; the weakest was Q3 2023, with a decline of 87.9%.
- According to Business Quant data, Free Cash Flow for the three prior quarters was -$38 million (Q1 2026), $334 million (Q4 2025) and $720 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 161.62 Bn | 156.15 Bn | - | 2.20 Bn |
| 2 | Csx | 86.16 Bn | 82.37 Bn | - | 751.00 Mn |
| 3 | Canadian Pacific Kansas City | 74.78 Bn | 74.50 Bn | - | 699.79 Mn |
| 4 | United Parcel Service | 70.01 Bn | 46.94 Bn | - | 166.00 Mn |
| 5 | Norfolk Southern | 69.45 Bn | 64.09 Bn | - | 615.00 Mn |
| 6 | Fedex | 67.46 Bn | 33.40 Bn | - | 1.79 Bn |
| 7 | Delta Air Lines | 54.88 Bn | 37.06 Bn | - | 2.38 Bn |
| 8 | Old Dominion Freight Line | 36.07 Bn | 35.33 Bn | - | 195.66 Mn |
| 9 | Ryanair Holdings | 28.71 Bn | 12.72 Bn | 3.13 Bn | 551.77 Mn |
| 10 | Copart | 25.27 Bn | 9.69 Bn | 645.66 Mn | 278.73 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 615.00 Mn |
| Mar 31, 2026 | -38.00 Mn |
| Dec 31, 2025 | 334.00 Mn |
| Sep 30, 2025 | 720.00 Mn |
| Jun 30, 2025 | 602.00 Mn |
| Mar 31, 2025 | 501.00 Mn |
| Dec 31, 2024 | 276.00 Mn |
| Sep 30, 2024 | 1.16 Bn |
| Jun 30, 2024 | 1.04 Bn |
| Mar 31, 2024 | -803.00 Mn |
| Dec 31, 2023 | -163.00 Mn |
| Sep 30, 2023 | 117.00 Mn |
| Jun 30, 2023 | 153.00 Mn |
| Mar 31, 2023 | 745.00 Mn |
| Dec 31, 2022 | 132.00 Mn |
| Sep 30, 2022 | 968.00 Mn |
| Jun 30, 2022 | 569.00 Mn |
| Mar 31, 2022 | 605.00 Mn |
| Dec 31, 2021 | 497.00 Mn |
| Sep 30, 2021 | 818.00 Mn |
API Access
Norfolk Southern Free Cash Flow 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=free-cash-flow&ticker=NSC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=NSC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();