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| Date | Value |
|---|---|
| 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 |