Norfolk Southern (NSC) Gross Margin (2016 - 2024)
Norfolk Southern (NSC) posted quarterly Gross Margin of 94.32% for Q2 2024, up 120.0% year-over-year from 42.87% in Q3 2023, and up 1.59% quarter-over-quarter from 92.84% in Q1 2024.
Norfolk Southern (NSC) Gross Margin (2016 - 2024) Analysis & Trends
Norfolk Southern (NSC) has reported Gross Margin for 9 consecutive years, with 94.32% the latest figure, recorded in Q2 2024.
- In Q2 2024, Gross Margin rose 120.0% year-over-year to 94.32%; the TTM figure through Jun 2024 stood at 93.36% (down 44.0% YoY), while the FY2023 annual figure was 93.16%, down 125.0% from the prior year.
- Gross Margin improved to 94.32% in Q2 2024 per NSC's latest filing, from 92.84% in the prior quarter.
- Across five years, Gross Margin topped out at 96.53% in Q2 2021 and bottomed at 92.7% in Q3 2020.
- Historically, Gross Margin has averaged 93.94% across 5 years, with a median of 93.86% in 2021.
- Annual changes were most pronounced in 2021 — Gross Margin soared 378 bps — and 2023, when it sank 202 bps.
- Norfolk Southern's Gross Margin stood at 94.05% in 2020, then grew by 2 bps to 95.48% in 2021, then declined by 2 bps to 93.61% in 2022, then dropped by 0 bps to 93.17% in 2023, then grew by 1 bps to 94.32% in 2024.
- Business Quant data shows NSC's Gross Margin at 94.32% in Q2 2024, 92.84% in Q1 2024, and 93.17% in Q4 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 180.52 Bn | 178.40 Bn | 6.50 Bn | 94.73% |
| 2 | Csx | 94.59 Bn | 93.20 Bn | 3.29 Bn | 83.63% |
| 3 | Canadian Pacific Kansas City | 84.21 Bn | 83.94 Bn | 2.92 Bn | 96.88% |
| 4 | Canadian National Railway | 78.52 Bn | 78.52 Bn | - | - |
| 5 | Norfolk Southern | 77.93 Bn | 76.86 Bn | - | - |
| 6 | Westinghouse Air Brake Technologies | 49.47 Bn | 48.80 Bn | 1.16 Bn | 36.52% |
| 7 | Trinity Industries | 2.37 Bn | 2.21 Bn | 109.90 Mn | 22.66% |
| 8 | Greenbrier Companies | 1.42 Bn | 1.15 Bn | 81.10 Mn | 14.07% |
| 9 | Foster L B | 390.24 Mn | 384.46 Mn | 30.87 Mn | 22.28% |
| 10 | FreightCar America | 228.00 Mn | 163.70 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | 94.32% |
| Mar 31, 2024 | 92.84% |
| Dec 31, 2023 | 93.17% |
| Sep 30, 2023 | 93.10% |
| Jun 30, 2023 | 93.12% |
| Mar 31, 2023 | 93.23% |
| Dec 31, 2022 | 93.61% |
| Sep 30, 2022 | 95.12% |
| Jun 30, 2022 | 94.71% |
| Mar 31, 2022 | 94.13% |
| Dec 31, 2021 | 95.48% |
| Sep 30, 2021 | 94.04% |
| Jun 30, 2021 | 96.53% |
| Mar 31, 2021 | 94.28% |
| Dec 31, 2020 | 94.05% |
| Sep 30, 2020 | 92.70% |
| Jun 30, 2020 | 92.76% |
| Mar 31, 2020 | 93.68% |
| Dec 31, 2019 | 95.17% |
| Sep 30, 2019 | 91.97% |