Norfolk Southern (NSC) Invested Capital (2009 - 2026)
Norfolk Southern (NSC) reported Invested Capital of $16.4 billion for Q1 2026, up 8.94% year-over-year from $15.1 billion in Q1 2025, and down 49.71% quarter-over-quarter from $32.6 billion in Q4 2025.
Norfolk Southern (NSC) Invested Capital (2009 - 2026) Analysis & Trends
Norfolk Southern (NSC) has 18 years of Invested Capital data on file, last reported at $16.4 billion in Q1 2026.
- Invested Capital for Q1 2026 came in at $16.4 billion, up 8.94% year-over-year; the trailing twelve-month figure through Mar 2026 was $16.4 billion (up 8.94% YoY), and the FY2025 annual result was $32.6 billion, up 3.56% from the prior year.
- Invested Capital retreated to $16.4 billion in Q1 2026 per NSC's latest filing, from $32.6 billion in the prior quarter.
- Over five years, Invested Capital peaked at $32.6 billion in Q4 2025 and troughed at $12.5 billion in Q1 2024.
- A 5-year average of $18.0 billion and a median of $14.6 billion in 2022 frame the typical range for Invested Capital.
- The sharpest annual moves came in 2023 and 2025: Invested Capital decreased 12.91% in 2023, then rose 20.14% in 2025.
- A 5-year view of Invested Capital shows it stood at $27.9 billion in 2022, then climbed by 7.33% to $30.0 billion in 2023, then grew by 5.18% to $31.5 billion in 2024, then gained by 3.56% to $32.6 billion in 2025, then plunged by 49.71% to $16.4 billion in 2026.
- Business Quant data shows NSC's Invested Capital at $16.4 billion in Q1 2026, $32.6 billion in Q4 2025, and $15.7 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 152.26 Bn | 151.22 Bn | 5.85 Bn | 20.29 Bn |
| 2 | Csx | 84.99 Bn | 83.89 Bn | 3.18 Bn | 32.45 Bn |
| 3 | Norfolk Southern | 67.33 Bn | 65.99 Bn | 2.74 Bn | 16.41 Bn |
| 4 | Canadian Pacific Kansas City | 56.27 Bn | 56.68 Bn | 2.36 Bn | 35.65 Bn |
| 5 | Westinghouse Air Brake Technologies | 46.65 Bn | 46.16 Bn | 1.06 Bn | 17.64 Bn |
| 6 | Trinity Industries | 2.76 Bn | 2.82 Bn | 128.90 Mn | 6.53 Bn |
| 7 | Greenbrier Companies | 1.54 Bn | 1.05 Bn | 69.50 Mn | 3.48 Bn |
| 8 | Foster L B | 438.47 Mn | 435.35 Mn | 25.70 Mn | 233.30 Mn |
| 9 | Rail Vision | 179.83 Mn | 159.33 Mn | 504,000.00 | 20.33 Mn |
| 10 | FreightCar America | 178.32 Mn | 114.02 Mn | - | -97.69 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 16.41 Bn |
| Dec 31, 2025 | 32.63 Bn |
| Sep 30, 2025 | 15.75 Bn |
| Jun 30, 2025 | 15.69 Bn |
| Mar 31, 2025 | 15.07 Bn |
| Dec 31, 2024 | 31.51 Bn |
| Sep 30, 2024 | 14.34 Bn |
| Jun 30, 2024 | 13.23 Bn |
| Mar 31, 2024 | 12.54 Bn |
| Dec 31, 2023 | 29.96 Bn |
| Sep 30, 2023 | 13.02 Bn |
| Jun 30, 2023 | 12.77 Bn |
| Mar 31, 2023 | 12.73 Bn |
| Dec 31, 2022 | 27.92 Bn |
| Sep 30, 2022 | 13.63 Bn |
| Jun 30, 2022 | 13.76 Bn |
| Mar 31, 2022 | 14.61 Bn |
| Dec 31, 2021 | 27.48 Bn |
| Sep 30, 2021 | 14.45 Bn |
| Jun 30, 2021 | 15.37 Bn |