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Norfolk Southern Corporation NSC | NYSE

$309.14 -$3.86 | -1.23%
SIGNAL:Signal available — unlock to view |2026-09-03 |F&G 21 |RSI 30.1

Company Overview:

Market Cap: $69.44B
Trailing PE: 26.4x
FWD PE *: 22.6x
Payout Ratio (TTM): 46.0%
52-Week Range: $277.80 - $358.60

* Forward PE is based on street estimates.

10 Year NSC Performance Metrics:

Total Return (with DRIP): 286.8% (14.48% CAGR)
Total Return (no DRIP): 261.9% (13.73% CAGR)
Share Price: 218.5% (12.28% CAGR)
Yield on Cost (with DRIP): 6.76%
Total Invested: $10,000
Total Value (with DRIP): $38,676
Total Return $ (with DRIP): $28,676
Dividend Increase: 121.3% (8.48% CAGR)
Dividend Yield (FWD): 1.75% ($5.40)
NSC 10-yr Total Return ($10K invested)
1M 3M 6M YTD 1Y 3Y 5Y 10Y
NSC Share Price
1M 3M 6M YTD 1Y 3Y 5Y 10Y All
NSC Price CAGR:1Y: 2.91%2Y: 11.54%5Y: 5.26%10Y: 12.28%
NSC Dividend Charts
NSC - Dividends
NSC Dividend CAGR:1Y: 0.00%2Y: 0.00%5Y: 4.37%10Y: 8.63%
NSC - Dividend Payout Ratio
NSC Dividend Payout Ratio CAGR:1Y: 4.63%2Y: -0.12%5Y: 6.48%10Y: -0.40%
NSC - Dividend to Free Cash Flow Ratio
NSC Dividend to FCF Ratio CAGR:1Y: -2.11%2Y: -13.15%5Y: 7.51%10Y: -25.34%

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NSC Fundamentals: Earnings, Revenue, Cash Flow, Ebitda, Cash/Debt, Shares Float, etc:

NSC - Revenue
NSC Revenue CAGR:1Y: 11.41%2Y: 6.69%5Y: 4.36%10Y: 3.51%
NSC - Earnings Per Share (EPS)
NSC EPS CAGR:1Y: -4.40%2Y: 0.15%5Y: -0.12%10Y: 9.14%
NSC - Net Income
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NSC Net Income CAGR:1Y: -4.43%2Y: -0.20%5Y: -2.17%10Y: 6.13%
NSC - EBITDA
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NSC EBITDA CAGR:1Y: -6.67%2Y: -1.39%5Y: -1.29%10Y: 3.09%
NSC - Free Cash Flow
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NSC Free Cash Flow CAGR:1Y: 2.16%2Y: 14.76%5Y: -3.10%10Y: 41.58%
NSC - Free Cash Flow / Share
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NSC Free Cash Flow / Share CAGR:1Y: 2.11%2Y: 14.99%5Y: -1.14%10Y: 45.45%
NSC - Operating Income
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NSC Operating Income CAGR:1Y: 1.81%2Y: -0.31%5Y: -0.75%10Y: 3.86%
NSC - Gross Profit
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NSC Gross Profit CAGR:1Y: 109.78%2Y: 42.28%5Y: 14.00%10Y: 10.15%
NSC - Shares Outstanding
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NSC Shares Outstanding CAGR:1Y: 0.05%2Y: -0.29%5Y: -2.08%10Y: -2.72%
NSC - Share Buybacks
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NSC Share Buybacks CAGR:1Y: -94.69%2Y: 231.66%5Y: -58.81%10Y: -24.91%
NSC - Stock-Based Comp
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NSC Stock-Based Comp CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
NSC - Expenses
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NSC Expenses CAGR:1Y: -7.58%2Y: -12.16%5Y: 3.93%10Y: -1.94%
NSC - Revenue vs Net Income
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NSC - EPS vs FCF / Share
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NSC - EPS vs PE Ratio
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NSC - FCF vs FCF / Share
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NSC - FCF vs Stock Based Comp
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NSC - Cash & Debt
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NSC - Revenue by Segment
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NSC Revenue CAGR:1Y: 11.41%2Y: 6.69%5Y: 4.36%10Y: 3.51%

Revenue, EPS, Net Income & Ebitda - Estimates VS Actual:

NSC - REVENUE: Actual + Estimates
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NSC Actual Revenue CAGR:1Y: 11.41%2Y: 6.69%5Y: 4.36%10Y: 3.51%
NSC - EPS: Actual + Estimates
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NSC Actual EPS CAGR:1Y: -4.40%2Y: 0.15%5Y: -0.12%10Y: 9.14%
NSC - NET INCOME: Actual + Estimates
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NSC Actual Net Income CAGR:1Y: -4.43%2Y: -0.20%5Y: -2.17%10Y: 6.13%
NSC - EBITDA: Actual + Estimates
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NSC Actual EBITDA CAGR:1Y: -6.67%2Y: -1.39%5Y: -1.29%10Y: 3.09%

Ratios, Profit Margins & Return on Capital:

NSC - Net Profit Margin
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NSC Net Profit Margin CAGR:1Y: -14.22%2Y: -6.47%5Y: -6.26%10Y: 2.53%
NSC - Gross Profit Margin
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NSC Gross Profit Margin CAGR:1Y: 88.28%2Y: 35.81%5Y: 9.23%10Y: 6.41%
NSC - Price to Earnings
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NSC Price to Earnings CAGR:1Y: 28.56%2Y: 21.25%5Y: 3.65%10Y: 4.53%
NSC - Price To Sales Ratio
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NSC Price To Sales Ratio CAGR:1Y: 10.36%2Y: 13.40%5Y: -2.84%10Y: 7.17%
NSC - Return on Capital Employed
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NSC Return on Capital Employed CAGR:1Y: -1.27%2Y: -2.57%5Y: -3.67%10Y: 1.20%
NSC - Return on Invested Capital
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NSC Return on Invested Capital CAGR:1Y: -1.15%2Y: -3.47%5Y: -9.13%10Y: -0.77%

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NSC Dividends Info:

Annual Dividend: $5.4
Forward Yield: 1.75%
Ex-Dividend Date: 2026-08-07
Lifetime Dividends / Share: $74.39

NSC Dividend History: Dates, Payments & Yield list

Below is a schedule of all NSC dividend payments, ex-dates, share price on the day of the payment as well as the annualized yield & forward yield

Ex-Date Payment Date Amount Yield Forward Yield Price on Ex-Date
08/07/202608/20/2026$1.3501.62%1.56%$346.62
05/08/202605/20/2026$1.3501.73%1.73%$311.84
02/06/202602/20/2026$1.3501.76%1.71%$316.23
11/07/202511/20/2025$1.3501.9%1.93%$280.22
08/01/202508/20/2025$1.3501.96%1.89%$285.49
05/02/202505/20/2025$1.3502.41%2.21%$244.08
02/07/202502/20/2025$1.3502.17%2.17%$249.41
11/01/202411/20/2024$1.3502.16%2.09%$258.93
08/02/202408/20/2024$1.3502.22%2.24%$240.77
05/02/202405/20/2024$1.3502.31%2.34%$230.33
02/01/202402/20/2024$1.3502.12%2.13%$253.79
02/02/202402/20/2024$1.3502.15%2.13%$253.79
11/02/202311/20/2023$1.3502.81%2.55%$212.12
08/03/202308/21/2023$1.3502.38%2.57%$210.09
05/04/202305/22/2023$1.3502.65%2.47%$218.24
02/02/202302/21/2023$1.3502.12%2.4%$224.55
11/03/202211/21/2022$1.2402.18%1.99%$249.26
08/05/202208/22/2022$1.2401.98%1.93%$256.91
05/05/202205/20/2022$1.2401.93%2.17%$228.86
02/03/202202/21/2022$1.2401.8%1.92%$258.35
11/04/202111/19/2021$1.0901.53%1.59%$273.72
08/06/202108/20/2021$1.0901.7%1.66%$262.27
05/06/202105/20/2021$0.9901.38%1.43%$276.91
02/04/202103/10/2021$0.9901.61%1.53%$259.29
11/05/202012/10/2020$0.9401.67%1.59%$236.50
08/06/202009/10/2020$0.9401.92%1.76%$213.17
05/07/202006/10/2020$0.9402.22%1.99%$188.55
02/06/202003/10/2020$0.9401.77%2.34%$160.51
10/31/201912/10/2019$0.9402.07%1.99%$188.68
08/02/201909/10/2019$0.9402.07%2.11%$178.58
05/02/201906/10/2019$0.8601.71%1.71%$201.41
02/01/201903/11/2019$0.8602.03%1.9%$180.84
11/01/201812/10/2018$0.8001.9%2.05%$155.88
08/03/201809/10/2018$0.8001.86%1.78%$180.12
05/03/201806/11/2018$0.7202.04%1.84%$156.12
02/01/201803/12/2018$0.7201.94%2.02%$142.56
11/02/201712/11/2017$0.6101.85%1.72%$141.55
08/03/201709/11/2017$0.6102.15%1.93%$126.42
05/03/201706/12/2017$0.6102.08%2.04%$119.70
02/01/201703/10/2017$0.6102.03%2.04%$119.66
11/02/201612/12/2016$0.5902.57%2.13%$110.69
08/04/201609/12/2016$0.5902.69%2.55%$92.38
05/04/201606/10/2016$0.5902.66%2.81%$84.09
02/03/201603/10/2016$0.5903.51%3.12%$75.76
11/04/201512/10/2015$0.5902.94%2.69%$87.68
08/05/201509/10/2015$0.5902.86%2.99%$79.04
05/06/201506/10/2015$0.5902.36%2.61%$90.54
04/29/201506/10/2015$0.5902.29%2.61%$90.54
02/04/201503/10/2015$0.5902.22%2.19%$107.58
11/05/201412/10/2014$0.5702.08%2.25%$101.28
07/30/201409/10/2014$0.5702.2%2.11%$107.99
04/30/201406/10/2014$0.5402.29%2.12%$101.92
02/05/201403/10/2014$0.5402.35%2.29%$94.43
10/30/201312/10/2013$0.5202.4%2.32%$89.78
07/31/201309/10/2013$0.5202.84%2.72%$76.34
05/01/201306/10/2013$0.5002.66%2.56%$77.98
01/30/201303/11/2013$0.5002.9%2.67%$75.02
10/31/201212/10/2012$0.5003.26%3.22%$62.08
08/09/201209/10/2012$0.5002.71%2.76%$72.40
05/02/201206/11/2012$0.4702.55%2.85%$65.92
02/01/201203/12/2012$0.4702.59%2.84%$66.09
11/02/201112/12/2011$0.4302.36%2.35%$73.08
08/03/201109/12/2011$0.4302.39%2.66%$64.76
05/04/201106/10/2011$0.4002.21%2.27%$70.37
02/02/201103/10/2011$0.4002.63%2.46%$64.95
11/03/201012/10/2010$0.3602.32%2.3%$62.69
08/04/201009/10/2010$0.3602.5%2.45%$58.85
05/05/201006/10/2010$0.3402.33%2.42%$56.16
02/03/201003/10/2010$0.3402.81%2.52%$53.87
11/04/200912/10/2009$0.3402.73%2.6%$52.24
08/05/200909/10/2009$0.3403.13%2.76%$49.23
04/29/200906/10/2009$0.3403.83%3.35%$40.54
02/04/200903/10/2009$0.3403.52%4.82%$28.21
11/05/200812/10/2008$0.3202.24%2.65%$48.39
07/30/200809/10/2008$0.3201.74%1.96%$65.47
04/30/200806/10/2008$0.2901.95%1.8%$64.59
01/30/200803/10/2008$0.2902.23%2.27%$51.14
10/31/200712/10/2007$0.2602.01%1.97%$52.72
08/01/200709/10/2007$0.2601.93%2.12%$49.10
05/02/200706/11/2007$0.2201.68%1.61%$54.50
01/31/200703/12/2007$0.2201.77%1.8%$49.01
11/01/200612/11/2006$0.1801.37%1.41%$50.95
08/02/200609/11/2006$0.1801.69%1.73%$41.61
05/03/200606/12/2006$0.1601.14%1.33%$48.28
02/01/200603/10/2006$0.1601.29%1.26%$50.83
11/02/200512/12/2005$0.1301.26%1.21%$42.96
08/03/200509/12/2005$0.1301.39%1.42%$36.59
05/04/200506/10/2005$0.1101.37%1.4%$31.39
02/02/200503/10/2005$0.1101.26%1.17%$37.51
11/03/200412/10/2004$0.1001.17%1.14%$35.10
08/04/200409/10/2004$0.1001.48%1.37%$29.15
05/05/200406/10/2004$0.0801.34%1.28%$24.99
02/04/200403/10/2004$0.0801.47%1.51%$21.14
11/05/200312/10/2003$0.0801.55%1.41%$22.70
07/30/200309/10/2003$0.0801.69%1.68%$19.08
04/30/200306/10/2003$0.0701.32%1.31%$21.35
02/05/200303/10/2003$0.0701.44%1.54%$18.19
10/30/200212/10/2002$0.0701.35%1.4%$19.96
07/31/200209/10/2002$0.0701.38%1.36%$20.61
05/01/200206/10/2002$0.0601.12%1.09%$21.92
01/30/200203/11/2002$0.0601.08%0.95%$25.29
10/31/200112/10/2001$0.0601.43%1.27%$18.90
08/01/200109/10/2001$0.0601.21%1.27%$18.90
05/02/200106/11/2001$0.0601.25%1.11%$21.62
01/31/200103/12/2001$0.0601.47%1.38%$17.34
11/01/200012/11/2000$0.2005.64%5.56%$14.38
08/02/200009/11/2000$0.2004.2%5.06%$15.81
05/03/200006/12/2000$0.2004.74%4.43%$18.06
02/02/200003/10/2000$0.2004.91%6.07%$13.19
11/03/199912/10/1999$0.2003.38%3.75%$21.31
08/04/199909/10/1999$0.2002.75%2.94%$27.19
05/05/199906/10/1999$0.2002.25%2.3%$34.75
02/03/199903/10/1999$0.2002.97%2.7%$29.63
11/04/199812/10/1998$0.2002.49%2.64%$30.25
08/05/199809/10/1998$0.2002.84%2.69%$29.69
04/29/199806/10/1998$0.2002.43%2.56%$31.31
02/04/199803/10/1998$0.2002.41%2.18%$36.69
11/05/199712/10/1997$0.2002.52%2.58%$31.06
07/30/199709/10/1997$0.2002.16%2.46%$32.54
04/30/199706/10/1997$0.2002.67%2.43%$32.92
02/05/199703/10/1997$0.2002.72%2.47%$32.42
10/30/199612/10/1996$0.1872.52%2.54%$29.38
07/31/199609/10/1996$0.1872.77%2.66%$28.04
05/01/199606/10/1996$0.1872.7%2.59%$28.79
01/31/199603/11/1996$0.1872.84%2.63%$28.42
11/01/199512/11/1995$0.1732.78%2.58%$26.92
08/02/199509/11/1995$0.1732.88%2.81%$24.63
05/01/199506/12/1995$0.1733.15%3.2%$21.67
01/30/199503/10/1995$0.1733.34%3.15%$22.00
10/31/199412/12/1994$0.1603.05%3.16%$20.25
08/01/199408/03/1994$0.1603.05%3.02%$21.21
05/02/199406/10/1994$0.1603.02%2.97%$21.54
01/31/199403/10/1994$0.1602.61%2.84%$22.54
11/01/199311/03/1993$0.1602.87%2.92%$21.92
08/02/199309/10/1993$0.1602.98%2.87%$22.29
05/03/199306/10/1993$0.1502.94%2.83%$21.17
02/01/199302/03/1993$0.1502.83%2.78%$21.58
11/02/199212/10/1992$0.1502.93%2.86%$21.00
08/03/199209/10/1992$0.1503.06%3.23%$18.58
05/04/199206/10/1992$0.1502.83%2.9%$20.67
02/03/199203/10/1992$0.1503.18%3.11%$19.29
10/28/199112/10/1991$0.1332.67%2.82%$18.92
07/29/199109/10/1991$0.1333.27%3.19%$16.71
04/29/199106/10/1991$0.1333.48%3.32%$16.08
01/28/199103/11/1991$0.1333.64%3.58%$14.88
10/29/199012/10/1990$0.1334.49%3.93%$13.58
07/30/199009/10/1990$0.1333.65%3.97%$13.42
04/30/199006/11/1990$0.1203.83%3.36%$14.29
01/29/199003/12/1990$0.1203.96%3.82%$12.58
10/30/198912/11/1989$0.1203.94%3.69%$13.00
07/31/198909/11/1989$0.1203.86%3.63%$13.21
05/01/198906/12/1989$0.1103.84%3.5%$12.58
01/30/198903/10/1989$0.1103.97%3.83%$11.50
10/31/198812/12/1988$0.1104.33%4.11%$10.71
08/01/198809/12/1988$0.1104.69%4.61%$9.54
05/02/198806/10/1988$0.1004.41%4.31%$9.29
02/01/198803/10/1988$0.1004.34%4.18%$9.58
11/02/198712/10/1987$0.1004.98%5.03%$7.96
08/03/198709/10/1987$0.1003.45%3.44%$11.63
05/04/198706/10/1987$0.1004.09%3.69%$10.83
02/02/198703/10/1987$0.1003.89%3.72%$10.74
11/03/198611/05/1986$0.0944.12%4.01%$9.42
07/28/198607/30/1986$0.0944.26%4.3%$8.78
04/28/198604/30/1986$0.0943.75%3.99%$9.47
02/03/198602/05/1986$0.0944.1%3.96%$9.53
10/28/198510/30/1985$0.0944.9%4.76%$7.93
07/29/198507/31/1985$0.0944.97%4.9%$7.71
04/29/198505/01/1985$0.0945.31%5.48%$6.89
01/28/198501/30/1985$0.0945.24%5.31%$7.11
10/29/198410/31/1984$0.0895.66%5.56%$6.40
07/30/198408/01/1984$0.0896.54%6.34%$5.61
04/30/198405/02/1984$0.0895.72%5.63%$6.31
01/30/198402/01/1984$0.0890%5.18%$6.86
10/31/198311/02/1983$0.0780%4.54%$6.86
08/01/198308/03/1983$0.0780%4.54%$6.86
05/02/198305/04/1983$0.0780%4.54%$6.86
01/31/198302/02/1983$0.0780%4.54%$6.86
10/29/198211/03/1982$0.0780%4.54%$6.86
08/02/198208/04/1982$0.0780%4.54%$6.86

Projected Future Returns & Dividends for NSC

Based on past 10-year performance, here are NSC growth metrics:

Share price CAGR of +12.28%
Dividend CAGR of +8.69%

Using NSC CAGR metrics, we can estimate that your initial $10000 investment, over the next 10 years, should grow as follows:

NSC (DRIP)NSC - No DRIP
Current Price$309.14$309.14
Start Shares32.3532.35
Start Value$10,000$10,000
  
After 10 years:
Final Share Count37.6332.35
Dividends Payment$3.11$3.11
Annual Dividends$467$402
Yield on cost4.67%4.02%
Share Price$984.62$984.62
Total Dividends$2,858$2,615
Final Value$37,051$34,465

Estimated Future Value + Dividends - NSC

NOTE: Above numbers are our estimate based on NSC's Dividend and Price CAGR over past 10 years. These numbers should only be considered as "potential future returns"! DRIP assumes reinvesting dividends; No-DRIP assumes collecting dividends as cash.

We cannot guarantee that your actual returns will meet these estimates.

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Company Info

Norfolk Southern Corporation (NSC) had its IPO on 1982-06-02, and is traded on NYSE stock exchange.

Norfolk Southern Corporation (NSC), operating through its various subsidiaries, is a prominent rail transport provider in the United States. The company's core business involves the conveyance of raw materials, semi-finished goods, and completed merchandise across the nation. Its extensive freight services cover a broad spectrum of commodities. This includes a variety of agricultural and forestry products like grains (e.g., soybeans, wheat, corn), fertilizers, animal feeds, and diverse foodstuffs such as oils, flour, sweeteners, beverages, and canned goods, alongside lumber and paper products. NSC also handles a wide range of chemicals, from sulfur and petroleum derivatives to chlorine compounds, plastics, industrial chemicals, and sand. Furthermore, the company moves metals and construction supplies, including steel, aluminum, heavy machinery, cement, aggregates, and specialized military equipment. Transportation of both finished motor vehicles and automotive components is a significant segment, as is the consistent shipment of coal. Beyond its principal freight operations, Norfolk Southern facilitates global trade by connecting with various Atlantic and Gulf Coast ports for overseas cargo. The corporation also manages an expansive intermodal network and offers commuter passenger rail services. As of the close of 2021, the company's vast railway infrastructure extended over roughly 19,300 route miles, serving 22 states and the District of Columbia. Norfolk Southern Corporation, originally incorporated in 1980, is based in Atlanta, Georgia.

NSC website: https://www.norfolksouthern.com


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DCF Model — NSC

Value from:
Pay up to today
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vs current price $309.14
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Cash flow & implied price by year

FCF is negative or missing for this company (common for banks) — the model discounts EPS instead.

EPS is negative or missing for this company — Simple mode uses free cash flow per share instead.

Free cash flow today
—
grows for the next years
Then mature
—
every future dollar counted back to today
Pile of today-dollars
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÷ shares
Implied price path
YearFCFImplied price
Sensitivity — fair value: growth ↓ × target return →