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% on a QoQ basis from $32.6 billion in Q4 2025.
Norfolk Southern (NSC) has 18 years of Invested Capital data on file, last reported at $16.4 billion in Q1 2026.
- Quarterly Invested Capital rose 8.94% year-over-year to $16.4 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $16.4 billion (up 8.94% YoY) and the FY2025 annual result came in at $32.6 billion, up 3.56% from the prior year.
- Invested Capital slipped to $16.4 billion in Q1 2026 per NSC's latest filing, from $32.6 billion in the prior quarter.
- Across five years, Invested Capital topped out at $32.6 billion in Q4 2025 and bottomed at $12.5 billion in Q1 2024.
- The 5-year median for Invested Capital is $14.6 billion (2022), against an average of $18.0 billion.
- The widest annual swing landed in 2023, when Invested Capital fell 12.91%; it then grew 20.14% in 2025.
- Tracing NSC's Invested Capital over 5 years: stood at $27.9 billion in 2022, then gained by 7.33% to $30.0 billion in 2023, then advanced by 5.18% to $31.5 billion in 2024, then increased by 3.56% to $32.6 billion in 2025, then slumped by 49.71% to $16.4 billion in 2026.
- Per Business Quant, the three latest NSC Invested Capital figures stand at $16.4 billion (Q1 2026), $32.6 billion (Q4 2025), and $15.7 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 155.75 Bn | 154.71 Bn | 5.85 Bn | 20.29 Bn |
| 2 | Csx | 84.18 Bn | 83.08 Bn | 3.18 Bn | 32.45 Bn |
| 3 | Norfolk Southern | 68.46 Bn | 67.12 Bn | 2.74 Bn | 16.41 Bn |
| 4 | Canadian Pacific Kansas City | 58.41 Bn | 58.81 Bn | 2.36 Bn | 35.65 Bn |
| 5 | Westinghouse Air Brake Technologies | 44.40 Bn | 43.91 Bn | 1.06 Bn | 17.64 Bn |
| 6 | Trinity Industries | 2.59 Bn | 2.65 Bn | 128.90 Mn | 6.53 Bn |
| 7 | Greenbrier Companies | 1.46 Bn | 968.55 Mn | 69.50 Mn | 3.48 Bn |
| 8 | Foster L B | 419.50 Mn | 416.39 Mn | 25.70 Mn | 233.30 Mn |
| 9 | FreightCar America | 145.10 Mn | 80.80 Mn | - | -97.69 Mn |
| 10 | Swvl Holdings | 18.35 Mn | 13.93 Mn | - | 15.89 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 |
| Mar 31, 2021 | 15.14 Bn |
| Dec 31, 2020 | 27.47 Bn |
| Sep 30, 2020 | 15.03 Bn |
| Jun 30, 2020 | 14.95 Bn |
| Mar 31, 2020 | 15.28 Bn |
| Dec 31, 2019 | 27.38 Bn |
| Sep 30, 2019 | 15.64 Bn |
| Jun 30, 2019 | 15.71 Bn |
| Mar 31, 2019 | 15.92 Bn |
| Dec 31, 2018 | 26.51 Bn |
| Sep 30, 2018 | 15.98 Bn |
| Jun 30, 2018 | 17.06 Bn |
| Mar 31, 2018 | 26.66 Bn |
| Dec 31, 2017 | 26.10 Bn |
| Sep 30, 2017 | 22.61 Bn |
| Jun 30, 2017 | 22.54 Bn |
| Mar 31, 2017 | 22.65 Bn |
| Dec 31, 2016 | 22.52 Bn |
| Sep 30, 2016 | 22.50 Bn |
| Jun 30, 2016 | 22.37 Bn |
| Mar 31, 2016 | 21.62 Bn |
| Dec 31, 2015 | 22.08 Bn |
| Sep 30, 2015 | 21.53 Bn |
| Jun 30, 2015 | 21.47 Bn |
| Mar 31, 2015 | 21.09 Bn |
| Dec 31, 2014 | 21.29 Bn |
| Sep 30, 2014 | 21.36 Bn |
| Jun 30, 2014 | 21.32 Bn |
| Mar 31, 2014 | 21.05 Bn |
| Dec 31, 2013 | 20.64 Bn |
| Sep 30, 2013 | 19.24 Bn |
| Jun 30, 2013 | 18.67 Bn |
| Mar 31, 2013 | 18.60 Bn |
| Dec 31, 2012 | 18.24 Bn |
| Sep 30, 2012 | 18.25 Bn |
| Jun 30, 2012 | 17.78 Bn |
| Mar 31, 2012 | 17.83 Bn |
| Dec 31, 2011 | 17.35 Bn |
| Sep 30, 2011 | 17.09 Bn |
| Jun 30, 2011 | 17.61 Bn |
| Mar 31, 2011 | 17.22 Bn |
| Dec 31, 2010 | 17.59 Bn |
| Sep 30, 2010 | 17.72 Bn |
| Jun 30, 2010 | 4.07 Bn |
| Mar 31, 2010 | 10.56 Bn |
| Dec 31, 2009 | 17.41 Bn |
| Sep 30, 2009 | 10.45 Bn |
| Jun 30, 2009 | 10.25 Bn |