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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Norfolk Southern (NSC) Gross Margin (2016 - 2025)

Norfolk Southern (NSC) has disclosed Gross Margin for 17 consecutive years, with 92.2% as the latest value for Q4 2025.

  • On a quarterly basis, Gross Margin fell 20.0% to 92.2% in Q4 2025 year-over-year; TTM through Dec 2025 was 92.35%, a 20.0% decrease, with the full-year FY2025 number at 92.35%, up 49.0% from a year prior.
  • Gross Margin was 92.2% for Q4 2025 at Norfolk Southern, down from 103.54% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 103.54% in Q3 2025 to a low of 86.6% in Q1 2025.
  • A 5-year average of 92.38% and a median of 91.69% in 2023 define the central range for Gross Margin.
  • Peak YoY movement for Gross Margin: tumbled -1225bps in 2022, then surged 1062bps in 2025.
  • Norfolk Southern's Gross Margin stood at 100.91% in 2021, then decreased by -12bps to 88.66% in 2022, then rose by 2bps to 90.14% in 2023, then grew by 3bps to 92.39% in 2024, then decreased by 0bps to 92.2% in 2025.
  • Per Business Quant, the three most recent readings for NSC's Gross Margin are 92.2% (Q4 2025), 103.54% (Q3 2025), and 86.85% (Q2 2025).