Norfolk Southern NSC
NYSE NSC
$350.72 +4.10 (+1.18%)
At close: Aug 21, 2026 · 4:00 PM EDT

Norfolk Southern (NSC) Invested Capital (2009 - 2026)

Norfolk Southern (NSC) posted quarterly Invested Capital of $649.0 million for Q2 2026, down 28.13% year-over-year from $903.0 million in Q2 2025, and up 6.57% quarter-over-quarter from $609.0 million in Q1 2026.

Norfolk Southern (NSC) Invested Capital (2009 - 2026) Analysis & Trends

Norfolk Southern (NSC) has reported Invested Capital for 18 consecutive years, with $649.0 million the latest figure, recorded in Q2 2026.

  • In Q2 2026, Invested Capital fell 28.13% year-over-year to $649.0 million; the TTM figure through Jun 2026 stood at $19.0 billion (down 1.39% YoY), while the FY2025 annual figure was $17.1 billion, down 0.69% from the prior year.
  • Invested Capital advanced to $649.0 million in Q2 2026 per NSC's latest filing, from $609.0 million in the prior quarter.
  • Across five years, Invested Capital topped out at $17.2 billion in Q4 2024 and bottomed at $400.0 million in Q1 2024.
  • Historically, Invested Capital has averaged $4.2 billion across 5 years, with a median of $606.0 million in 2022.
  • Annual changes were most pronounced in 2022 — Invested Capital soared 130.14% — and 2023, when it plunged 65.05%.
  • Norfolk Southern's Invested Capital stood at $15.2 billion in 2022, then gained by 13.15% to $17.2 billion in 2023, then advanced by 0.16% to $17.2 billion in 2024, then declined by 0.69% to $17.1 billion in 2025, then slumped by 96.2% to $649.0 million in 2026.
  • Business Quant data shows NSC's Invested Capital at $649.0 million in Q2 2026, $609.0 million in Q1 2026, and $17.1 billion in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Union Pacific 182.58 Bn 180.47 Bn 6.50 Bn 1.29 Bn
2 Csx 95.72 Bn 94.33 Bn 3.29 Bn 18.86 Bn
3 Canadian Pacific Kansas City 85.71 Bn 85.44 Bn 2.92 Bn 2.10 Bn
4 Canadian National Railway 79.38 Bn 79.38 Bn - -
5 Norfolk Southern 78.72 Bn 77.65 Bn - 649.00 Mn
6 Westinghouse Air Brake Technologies 50.38 Bn 49.71 Bn 1.16 Bn 1.66 Bn
7 Trinity Industries 2.37 Bn 2.21 Bn 109.90 Mn 5.23 Bn
8 Greenbrier Companies 1.43 Bn 1.15 Bn 81.10 Mn 1.09 Bn
9 Foster L B 392.93 Mn 387.15 Mn 30.87 Mn 47.99 Mn
10 FreightCar America 235.01 Mn 170.72 Mn - 9.73 Mn

Historic Data

Download Data
DateValue
Jun 30, 2026 649.00 Mn
Mar 31, 2026 609.00 Mn
Dec 31, 2025 17.09 Bn
Sep 30, 2025 607.00 Mn
Jun 30, 2025 903.00 Mn
Mar 31, 2025 555.00 Mn
Dec 31, 2024 17.21 Bn
Sep 30, 2024 555.00 Mn
Jun 30, 2024 400.00 Mn
Mar 31, 2024 400.00 Mn
Dec 31, 2023 17.18 Bn
Sep 30, 2023 405.00 Mn
Jun 30, 2023 405.00 Mn
Mar 31, 2023 403.00 Mn
Dec 31, 2022 15.18 Bn
Sep 30, 2022 605.00 Mn
Jun 30, 2022 605.00 Mn
Mar 31, 2022 1.15 Bn
Dec 31, 2021 13.84 Bn
Sep 30, 2021 558.00 Mn