Norfolk Southern (NSC) Free Cash Flow (2009 - 2026)
Norfolk Southern (NSC) posted Free Cash Flow of $736 million for Q3 2026, up 2.2% from $720 million a year earlier and up 19.7% from the prior quarter.
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Analysis
Norfolk Southern (NSC) Free Cash Flow (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Free Cash Flow at Norfolk Southern was $1.65 billion, down 21.5% year-over-year; for FY2025, it came in at $2.16 billion.
- 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 $28 million in FY2024 (-96.6%), $830 million in FY2023 (-63.5%), $2.27 billion in FY2022 (-18.3%) and $2.79 billion in FY2021 (+30.0%).
- The Q3 2026 figure stands as the highest quarterly Free Cash Flow since Q1 2023.
- The strongest year-over-year quarter for Free Cash Flow in the past five years was Q3 2024, with growth of 475.9%; the weakest was Q3 2023, with a decline of 88.4%.
- According to Business Quant data, Free Cash Flow for the three prior quarters was $615 million (Q2 2026), -$38 million (Q1 2026) and $334 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 178.63 Bn | 170.88 Bn | - | 1.76 Bn |
| 2 | Csx | 94.16 Bn | 89.39 Bn | - | 1.02 Bn |
| 3 | United Parcel Service | 83.47 Bn | 60.32 Bn | 22.04 Bn | 2.41 Bn |
| 4 | Canadian Pacific Kansas City | 81.54 Bn | 81.26 Bn | 57.15 Mn | 669.34 Mn |
| 5 | Fedex | 75.60 Bn | 41.80 Bn | 18.84 Bn | 1.79 Bn |
| 6 | Norfolk Southern | 73.66 Bn | 68.13 Bn | - | 736.00 Mn |
| 7 | Delta Air Lines | 60.67 Bn | 42.86 Bn | - | 300.00 Mn |
| 8 | United Airlines Holdings | 39.17 Bn | -18.53 Bn | - | -1.67 Bn |
| 9 | Old Dominion Freight Line | 34.72 Bn | 33.56 Bn | 1.56 Bn | 402.43 Mn |
| 10 | Ryanair Holdings | 31.95 Bn | 16.22 Bn | - | 349.38 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 736.00 Mn |
| 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 | 645.00 Mn |
| Jun 30, 2024 | 467.00 Mn |
| Mar 31, 2024 | -1.36 Bn |
| Dec 31, 2023 | -180.00 Mn |
| Sep 30, 2023 | 112.00 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 |
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();