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