profit from every $100 of sales.
$0$100
Norfolk Southern
$330.59+0.81% today
+15.0% in 1 year
1-year low $278.191-year high $352.98
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $25.85 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Norfolk Southern sold, what it kept, and what it did with the cash.
Sales went from $12.7 billion in 2022 to $12.2 billion in 2025, with $2.87 billion of profit last year.
SalesProfit
Norfolk Southern handed back 81% of the cash it generated last year.
Buybacks $534M$1.2B
Free cash flow 2025$2.2B
Bought back its own shares$534M
Paid as dividends$1.2B
Cash vs. debt$1.5B vs. $17.3B
Norfolk Southern vs. similar companies
Norfolk Southern grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Norfolk Southern | 25.8× · Fair price | ||
 Union Pacific | 25.2× · Fair price | ||
 CSX | 33.1× · Expensive | ||
 Canadian Pacific Kansas City | 28.0× · Fair price | ||
 Canadian National Railway | 23.1× · Fair price |
Compare Norfolk Southern with Canadian Pacific Kansas City · CSX · Cintas · Fastenal · RELX · Trane Technologies
AI analysis
An AI analyst reads Norfolk Southern's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 9,789 | 11,142 | 12,745 | 12,156 | 12,123 | 12,180 | |
| – | – | 5,239 | 4,435 | 4,543 | 4,427 | |
| 3,002 | 4,447 | 5,205 | 4,326 | 4,877 | 4,571 | |
| 4,309 | 5,705 | 6,043 | 4,340 | 5,489 | 5,850 | |
| 2,013 | 3,005 | 3,270 | 1,827 | 2,622 | 2,873 | |
| 7.84 | 12.11 | 13.88 | 8.02 | 11.57 | 12.75 | |
| – | – | 41.1% | 36.5% | 37.5% | 36.3% | |
| 30.7% | 39.9% | 40.8% | 35.6% | 40.2% | 37.5% | |
| 20.6% | 27.0% | 25.7% | 15.0% | 21.6% | 23.6% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 37,962 | 38,493 | 38,885 | 41,652 | 43,682 | 45,236 |
| Cash | 1,115 | 839 | 456 | 1,568 | 1,641 | 1,530 |
| Total debt | 13,114 | 14,253 | 15,592 | 17,571 | 17,478 | 17,305 |
| Total liabilities | 23,171 | 24,852 | 26,152 | 28,871 | 29,376 | 29,689 |
| 14,791 | 13,641 | 12,733 | 12,781 | 14,306 | 15,547 | |
| 257 | 248 | 236 | 227 | 226 | 225 | |
| 8.9% | 12.8% | 13.4% | 7.9% | 10.3% | 10.7% | |
| 13.6% | 22.0% | 25.7% | 14.3% | 18.3% | 18.5% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 3,637 | 4,255 | 4,222 | 3,179 | 4,052 | 4,361 | |
| 1,494 | 1,470 | 1,948 | 2,327 | 2,381 | 2,204 | |
| 2,143 | 2,785 | 2,274 | 852 | 1,671 | 2,157 | |
| Dividends paid | 960 | 1,028 | 1,167 | 1,225 | 1,221 | 1,215 |
| 1,439 | 3,390 | 3,114 | 622 | 0 | 534 | |
| 28 | 54 | 53 | 40 | 40 | 63 |
Valuation
- 25.8×
- 27.3×
- 2.53
- 4.9×
- 6.1×
- 34.4×
- 15.4×
- 2.9%
- 3.9%
- 1.8%
Profitability
- 36.3%
- 37.5%
- 23.6%
- 45.3%
- 11.0%
- 10.9%
- 17.4%
- 5.9%
- 9.4%
- –
Growth
- +4.5%
- +10.2%
- +29.1%
- +7.5%
- −1.5%
Financial health
- 2.7×
- 1.11
- 37.9%
- 5.6×
- 0.85
- 0.91
- 0.27
How it ranks in Industrials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 27%of 982
Top 2%of 988
Bottom 40%of 870
Bottom 38%of 985
Bottom 43%of 988
What analysts expect
- Average price target
- $332.00
- Range
- $297.00 – $360.00
- 7 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 24, 2026 | 2.65 | 2.49 | +6.4% |
| Jan 29, 2026 | 3.22 | 2.76 | +16.7% |
| Oct 23, 2025 | 3.30 | 3.19 | +3.4% |
| Jul 29, 2025 | 3.29 | 3.31 | −0.6% |
| Apr 23, 2025 | 2.69 | 2.66 | +1.1% |
| Jan 29, 2025 | 3.04 | 2.94 | +3.4% |
| Oct 22, 2024 | 3.25 | 3.11 | +4.5% |
| Jul 25, 2024 | 3.06 | 2.86 | +7.0% |
1.8%of the share price, paid each year
On $1,000 invested$18a year at today's yield, before tax
+7.5%2020 to 2025
Raised–not every year
Paid per share, each year
$2.95 in 2015 → $5.40 in 2025
How safe it looks
42.3% of its profit
Room to growStretchedMore than it earns: 56.3%
News
DOJ expected to opine on Union Pacific/Norfolk Southern deal in coming weeks - reportSeeking Alpha · Nov 9, 2026Schneider projects 2026 adjusted EPS of $1-$1.10 as it plans Norfolk Southern as primary Eastern Intermodal rail provider from January 1, 2027Seeking Alpha · Oct 29, 2026Boyd targets $150M quarterly share repurchases while Norfolk resort stays on track for November 2027 openingSeeking Alpha · Oct 23, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
45No pass
Benjamin Graham
43No pass
Philip Fisher
64Pass
Peter Lynch
40No pass
Joel Greenblatt
30No pass
Charlie Munger
50No pass
Terry Smith
43No pass
Questions about Norfolk Southern
Is Norfolk Southern a good stock to buy?
A strong, very profitable business at a fair price. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Norfolk Southern AI analysis
What does Norfolk Southern do?
Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. It is in Railroads, based in Atlanta, GA, United States, with 19,300 employees.
Does Norfolk Southern pay a dividend?
Yes. At today's price the dividend is 1.8% a year, about 42% of its yearly profit. In 2025 it paid out $1.22 billion in dividends.
Is Norfolk Southern stock halal?
Yes. Norfolk Southern passes our halal screen: its business is permitted and its debt is 23% of its market value, under the 30% limit. How we check
How has Norfolk Southern stock done over the past year?
Up 15.0% over the past twelve months, to $330.59. It traded between $278.19 and $352.98 and is 6.3% below its high.
Who are Norfolk Southern's competitors?
The largest listed companies in the same industry are Union Pacific, CSX, Canadian Pacific Kansas City and Canadian National Railway. The peers table on this page compares their profit, growth and price with Norfolk Southern's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.