Norfolk Southern (NSC) Other Working Capital Changes (2009 - 2026)
Norfolk Southern (NSC) recorded Other Working Capital Changes of $295 million in Q3 2026, up 103.4% from $145 million a year earlier.
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Analysis
Norfolk Southern (NSC) Other Working Capital Changes (2009 - 2026) Analysis & Trends
On a TTM basis, Norfolk Southern's Other Working Capital Changes came in at $114 million as of Sep 30, 2026; for FY2025, it came in at $236 million, down 57.3% from FY2024.
- Annual Other Working Capital Changes has a five-year compound annual growth rate of 44.9% (FY2020 to FY2025).
- Across earlier years, Other Working Capital Changes came in at $553 million in FY2024 (+45.1%), $381 million in FY2023, $5 million in FY2022 (-98.2%) and $277 million in FY2021 (+648.6%).
- The Q3 2026 figure is the highest quarterly Other Working Capital Changes since Q1 2024.
- Peak year-over-year performance for Other Working Capital Changes in the last five years was growth of 373.1% in Q1 2023, against a decline of 97.0% in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $19 million (Q2 2026), -$343 million (Q1 2026) and $143 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Union Pacific | 176.01 Bn | 168.25 Bn | - |
| 2 | Csx | 93.62 Bn | 88.85 Bn | - |
| 3 | United Parcel Service | 92.85 Bn | 69.67 Bn | - |
| 4 | Canadian Pacific Kansas City | 82.31 Bn | 81.35 Bn | - |
| 5 | Fedex | 74.59 Bn | 40.78 Bn | - |
| 6 | Norfolk Southern | 72.94 Bn | 67.40 Bn | - |
| 7 | Delta Air Lines | 59.87 Bn | 42.05 Bn | - |
| 8 | United Airlines Holdings | 39.08 Bn | -18.61 Bn | - |
| 9 | Old Dominion Freight Line | 34.91 Bn | 33.76 Bn | - |
| 10 | Ryanair Holdings | 32.51 Bn | -871.89 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 295.00 Mn |
| Jun 30, 2026 | 19.00 Mn |
| Mar 31, 2026 | -343.00 Mn |
| Dec 31, 2025 | 143.00 Mn |
| Sep 30, 2025 | 145.00 Mn |
| Jun 30, 2025 | -105.00 Mn |
| Mar 31, 2025 | 53.00 Mn |
| Dec 31, 2024 | -301.00 Mn |
| Sep 30, 2024 | 201.00 Mn |
| Jun 30, 2024 | 60.00 Mn |
| Mar 31, 2024 | 593.00 Mn |
| Dec 31, 2023 | -194.00 Mn |
| Sep 30, 2023 | 79.00 Mn |
| Jun 30, 2023 | 4.00 Mn |
| Mar 31, 2023 | 492.00 Mn |
| Dec 31, 2022 | -325.00 Mn |
| Sep 30, 2022 | 225.00 Mn |
| Jun 30, 2022 | 1.00 Mn |
| Mar 31, 2022 | 104.00 Mn |
| Dec 31, 2021 | -74.00 Mn |
API Access
Norfolk Southern Other Working Capital Changes API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=other-working-capital-changes&ticker=NSC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-working-capital-changes", "ticker": "NSC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=other-working-capital-changes&ticker=NSC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();