Norfolk Southern (NSC) Stock Price

Norfolk Southern Price

NYSE·CLOSED
335.41USD-0.63 (-0.19 %)
Market closed

Over the last 19 years Norfolk Southern grew revenue by 1.4% annually, reaching 12.18 B USD. Earnings per share have grown at 6.7% per year over the last 19 years. For Norfolk Southern, the net margin of 23.6% is down versus 27.0% a few years ago. At today's price the dividend yield works out to roughly 1.61%. The payout ratio is around 42% of earnings. The dividend has grown at 11.5% per year over the past 19 years. The consensus 12-month price target for Norfolk Southern is 311.10 USD, about 7.2% below where the stock trades today. Of 27 analysts, 10 rate the stock a buy — an overall Hold consensus. The stock trades about 23% above its 52-week low.

Norfolk Southern stock price

Volume
Ex-Dividend
Details

Stock Price

ⓘ

How to Read This Chart

This chart tracks the historical stock price of Norfolk Southern over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Norfolk Southern stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Norfolk Southern's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Norfolk Southern Stock Price History
DateNorfolk Southern Price
8/12/2026335.41 USD
8/10/2026336.04 USD
8/7/2026334.36 USD
8/6/2026342.46 USD
8/5/2026339.99 USD
8/4/2026339.25 USD
8/3/2026336.65 USD
7/31/2026335.48 USD
7/30/2026333.93 USD
7/29/2026336.36 USD
7/27/2026346.91 USD
7/23/2026348.55 USD
7/22/2026330.94 USD
7/21/2026331.30 USD
7/20/2026334.97 USD
7/17/2026340.16 USD
7/16/2026338.06 USD
7/15/2026328.54 USD
7/14/2026326.83 USD
7/13/2026327.96 USD
7/10/2026327.47 USD
7/9/2026323.77 USD
7/8/2026320.42 USD
7/7/2026322.74 USD
7/6/2026320.42 USD
7/2/2026322.71 USD
7/1/2026318.99 USD
6/30/2026314.59 USD
6/29/2026315.22 USD
6/26/2026312.81 USD
6/25/2026312.06 USD
6/24/2026303.82 USD
6/23/2026303.39 USD
6/22/2026304.85 USD
6/18/2026304.33 USD
6/17/2026304.42 USD
6/16/2026310.42 USD
6/15/2026309.49 USD
6/12/2026314.44 USD
6/11/2026310.26 USD
6/10/2026311.87 USD
6/9/2026312.32 USD
6/8/2026309.93 USD
6/5/2026312.91 USD
6/4/2026305.77 USD
6/3/2026310.00 USD
6/2/2026308.17 USD
6/1/2026302.55 USD
5/29/2026302.66 USD
5/28/2026309.33 USD
5/27/2026322.42 USD
5/26/2026318.53 USD
5/22/2026316.09 USD
5/21/2026312.33 USD
5/20/2026316.46 USD
5/19/2026318.20 USD
5/18/2026320.08 USD
5/15/2026315.95 USD
5/14/2026317.64 USD
5/13/2026310.58 USD
5/12/2026312.35 USD
5/11/2026311.11 USD
5/8/2026312.01 USD
5/7/2026313.39 USD
5/6/2026317.25 USD
5/5/2026313.57 USD
5/4/2026311.66 USD
5/1/2026315.90 USD
4/30/2026315.83 USD
4/29/2026312.12 USD
4/28/2026316.71 USD
4/27/2026318.89 USD
4/24/2026319.71 USD
4/23/2026321.44 USD
4/22/2026298.33 USD
4/21/2026302.22 USD
4/20/2026304.13 USD
4/17/2026302.38 USD
4/16/2026302.63 USD
4/15/2026297.71 USD
4/14/2026299.70 USD
4/13/2026297.56 USD
4/10/2026296.29 USD
4/9/2026295.30 USD
4/8/2026294.10 USD
4/7/2026288.50 USD
4/6/2026288.05 USD
4/2/2026288.00 USD
4/1/2026287.00 USD
3/31/2026287.00 USD
3/30/2026282.33 USD
3/27/2026283.25 USD
3/26/2026283.28 USD
3/25/2026282.61 USD
3/24/2026283.64 USD
3/23/2026284.95 USD
3/20/2026284.20 USD
3/19/2026281.13 USD
3/18/2026278.19 USD
3/17/2026291.32 USD
3/16/2026290.70 USD
3/13/2026289.37 USD
3/12/2026291.02 USD
3/11/2026297.56 USD
3/10/2026298.49 USD
3/9/2026302.43 USD
3/6/2026302.84 USD
3/5/2026310.92 USD
3/4/2026317.83 USD
3/3/2026317.26 USD
3/2/2026317.47 USD
2/27/2026314.74 USD
2/26/2026313.01 USD
2/25/2026311.85 USD
2/24/2026316.09 USD
2/23/2026315.03 USD
2/20/2026316.23 USD
2/19/2026314.05 USD
2/18/2026316.76 USD
2/17/2026316.12 USD
2/13/2026314.94 USD
2/12/2026314.54 USD
2/11/2026317.29 USD
2/10/2026315.45 USD
2/9/2026305.72 USD
2/6/2026306.48 USD
2/5/2026306.91 USD
2/4/2026306.84 USD
2/3/2026298.32 USD
2/2/2026291.45 USD
1/30/2026291.24 USD
1/29/2026290.16 USD
1/28/2026284.47 USD
1/27/2026288.97 USD
1/26/2026288.26 USD
1/23/2026287.41 USD
1/22/2026290.27 USD
1/21/2026289.12 USD
1/20/2026280.41 USD
1/16/2026289.52 USD
1/15/2026290.77 USD
1/14/2026286.37 USD
1/13/2026288.20 USD
1/12/2026288.73 USD
1/9/2026287.23 USD
1/8/2026289.72 USD
1/7/2026284.09 USD
1/6/2026291.15 USD
1/5/2026287.92 USD
1/2/2026287.82 USD
12/31/2025288.72 USD
12/30/2025290.11 USD
12/29/2025292.05 USD
12/26/2025290.96 USD
12/24/2025292.71 USD
12/23/2025291.88 USD
12/22/2025291.60 USD
12/19/2025291.41 USD
12/18/2025291.83 USD
12/17/2025294.43 USD
12/16/2025294.00 USD
12/15/2025299.49 USD
12/12/2025296.98 USD
12/11/2025294.06 USD
12/10/2025293.85 USD
12/9/2025289.53 USD
12/8/2025293.00 USD
12/5/2025294.19 USD
12/4/2025295.13 USD
12/3/2025294.05 USD
12/2/2025291.75 USD
12/1/2025289.83 USD
11/28/2025292.09 USD
11/26/2025290.03 USD
11/25/2025289.06 USD
11/24/2025283.11 USD
11/21/2025286.29 USD
11/20/2025280.22 USD
11/19/2025281.77 USD
11/18/2025280.74 USD
11/17/2025281.41 USD
11/14/2025283.98 USD
11/13/2025283.53 USD
11/12/2025286.49 USD
11/11/2025287.57 USD
11/10/2025286.92 USD
11/7/2025284.25 USD
11/6/2025282.10 USD
11/5/2025280.77 USD
11/4/2025283.80 USD
11/3/2025282.17 USD
10/31/2025283.38 USD
10/30/2025281.62 USD
10/29/2025279.53 USD
10/28/2025280.40 USD
10/27/2025281.64 USD
10/24/2025280.45 USD
10/23/2025283.83 USD
10/22/2025288.63 USD
10/21/2025289.78 USD
10/20/2025291.15 USD
10/17/2025290.89 USD
10/16/2025288.49 USD
10/15/2025289.70 USD
10/14/2025290.31 USD
10/13/2025289.57 USD
10/10/2025288.75 USD
10/9/2025294.89 USD
10/8/2025296.62 USD
10/7/2025295.86 USD
10/6/2025299.65 USD
10/3/2025299.93 USD
10/2/2025298.30 USD
10/1/2025298.68 USD
9/30/2025300.41 USD
9/29/2025299.62 USD
9/28/2025299.62 USD
9/25/2025297.49 USD
9/24/2025294.57 USD
9/23/2025292.08 USD
9/22/2025290.55 USD
9/19/2025286.02 USD
9/18/2025282.68 USD
9/17/2025278.00 USD
9/16/2025278.09 USD
9/15/2025277.16 USD
9/12/2025275.50 USD
9/11/2025274.00 USD
9/10/2025272.36 USD
9/9/2025273.45 USD
9/8/2025275.59 USD
9/5/2025278.09 USD
9/4/2025279.76 USD
9/3/2025278.19 USD
9/2/2025278.25 USD
8/29/2025280.00 USD
8/28/2025277.80 USD
8/27/2025272.35 USD
8/26/2025276.67 USD
8/25/2025277.39 USD
8/22/2025284.18 USD
8/21/2025284.35 USD
8/20/2025285.49 USD
8/19/2025282.42 USD
8/18/2025279.79 USD
8/15/2025280.82 USD
8/14/2025282.50 USD
8/13/2025281.84 USD
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Norfolk Southern Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
12.16 B USD
2.85 B USD
1.83 B USD
Jan 1, 2024
12.12 B USD
3.76 B USD
2.62 B USD
Jan 1, 2025
12.18 B USD
4.01 B USD
2.87 B USD
Jan 1, 2026 (e)
13.18 B USD
4.59 B USD
2.89 B USD
Jan 1, 2027 (e)
13.74 B USD
4.78 B USD
3.21 B USD
Jan 1, 2028 (e)
14.34 B USD
5.00 B USD
3.51 B USD
Jan 1, 2029 (e)
14.79 B USD
5.15 B USD
3.81 B USD
Jan 1, 2030 (e)
15.85 B USD
5.52 B USD
4.15 B USD

Norfolk Southern Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 13, 2026, 1:39 AM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB USD
EBITB USD
EBIT MARGIN%
NET INCOMEB USD
NET INCOME GROWTH%
DIV.USD
DIV. GROWTH%
SHARESM
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
10.519.8910.5511.4611.309.7911.1412.7512.1612.1212.1813.1813.7414.3414.7915.85
-9.58-5.936.718.60-1.41-13.3413.8214.39-4.62-0.270.478.174.254.423.147.12
27.3931.0533.3834.5534.4634.7039.1837.1450.1631.0542.4342.4342.4342.4342.4342.43
2.883.073.523.963.893.404.374.736.103.765.175.595.836.096.286.72
2.883.073.523.963.893.404.374.732.853.764.014.594.785.005.155.52
27.3931.0533.3834.5534.4634.7039.1837.1423.4531.0532.9134.8334.8334.8334.8334.83
1.561.675.402.672.722.013.013.271.832.622.872.893.213.513.814.15
-22.207.20223.98-50.672.10-26.0549.288.82-44.1343.519.570.5911.009.488.468.87
2.362.362.443.043.603.764.164.965.405.405.405.405.816.24––
6.31–3.3924.5918.424.4410.6419.238.87–––7.597.40––
300.40293.70287.80273.50261.60254.70243.50230.70226.30226.50224.80224.80224.80224.80224.80224.80
Details

Income Statement Key Figures

ⓘ

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Norfolk Southern generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Norfolk Southern retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Norfolk Southern's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Norfolk Southern has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Norfolk Southern's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Norfolk Southern stock margins

The Norfolk Southern margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Norfolk Southern. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Norfolk Southern.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
39.18 %
39.18 %
26.97 %
Jan 1, 2022
37.14 %
37.14 %
25.66 %
Jan 1, 2023
50.16 %
23.45 %
15.03 %
Jan 1, 2024
31.05 %
31.05 %
21.63 %
Jan 1, 2025
42.43 %
32.91 %
23.59 %
Jan 1, 2026 (e)
42.43 %
34.83 %
21.94 %
Jan 1, 2027 (e)
42.43 %
34.83 %
23.36 %
Jan 1, 2028 (e)
42.43 %
34.83 %
24.49 %

Norfolk Southern Stock Revenue, EBIT, Earnings per Share

The Norfolk Southern earnings per share therefore indicates how much revenue Norfolk Southern has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
45.76 USD
17.93 USD
12.34 USD
Jan 1, 2022
55.24 USD
20.52 USD
14.17 USD
Jan 1, 2023
53.72 USD
12.60 USD
8.07 USD
Jan 1, 2024
53.52 USD
16.62 USD
11.58 USD
Jan 1, 2025
54.18 USD
17.83 USD
12.78 USD
Jan 1, 2026 (e)
58.48 USD
20.42 USD
12.83 USD
Jan 1, 2027 (e)
60.96 USD
21.28 USD
14.24 USD
Jan 1, 2028 (e)
63.66 USD
22.22 USD
15.59 USD

Norfolk Southern business model & stock analysis

The Norfolk Southern Corporation is an American transportation company that was formed in 1982 through the merger of Norfolk and Western Railway and Southern Railway. It is one of the largest railroad companies in the United States and Canada, with a rail network of over 36,000 kilometers primarily in the eastern part of the United States. Norfolk Southern offers a variety of transportation services, including freight transport, intermodal transport, and terminal services.

Norfolk Southern SWOT Analysis

Strengths

Norfolk Southern Corp benefits from a robust and extensive railroad network that spans across major cities and regions, allowing them to efficiently transport goods and connect with key markets. This network provides a competitive advantage as it enables fast and reliable delivery, contributing to customer satisfaction and loyalty.

With many years of experience in the industry, Norfolk Southern Corp has built a solid reputation and established a strong market presence. This enables them to attract and retain customers, negotiate favorable agreements, and maintain long-term relationships with key stakeholders.

Weaknesses

One of the weaknesses of Norfolk Southern Corp is its dependency on the railroad industry. Changes in economic conditions, regulations, or market demand could impact the company's performance and financial stability. Diversification into other industries or services could provide a safeguard against such vulnerabilities.

Norfolk Southern Corp faces challenges related to operational efficiency, which can result in delays, higher costs, and reduced customer satisfaction. Addressing operational inefficiencies through improved processes, technology, and employee training could enhance their competitive position and financial performance.

Opportunities

The rise of e-commerce presents an opportunity for Norfolk Southern Corp to capitalize on the increased demand for shipping and transportation services. With the growing number of online retail businesses, the company can expand its customer base and revenue by catering to the needs of this rapidly evolving sector.

Norfolk Southern Corp can explore opportunities for expansion into international markets to diversify its revenue streams and reduce dependence on the domestic market. Forming strategic partnerships or acquiring companies with international presence can facilitate access to new customers and enhance its global reach.

Threats

Norfolk Southern Corp faces competition from alternative transportation modes such as trucking and air freight. These modes offer different advantages in terms of speed, flexibility, and cost-effectiveness. To mitigate this threat, the company can focus on differentiation, cost control, and continuous improvement to maintain its position in the market.

Regulatory changes and increasing environmental concerns pose challenges for Norfolk Southern Corp. Compliance with evolving regulations and implementation of sustainable practices require significant investments and ongoing effort. Staying updated with regulatory developments and proactively adopting environmentally friendly initiatives can help mitigate these threats.

Norfolk Southern Employees

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Norfolk Southern Employees
Details
Date
Norfolk Southern Employees
Jan 1, 2018
- Employees
Jan 1, 2019
- Employees
Jan 1, 2020
- Employees
Jan 1, 2021
- Employees
Jan 1, 2022
- Employees
Jan 1, 2023
- Employees
Jan 1, 2024
- Employees
Jan 1, 2025
- Employees

Norfolk Southern Segments

Norfolk Southern Revenue by Segment (1/4)

  • 3 Years

  • 5 Years

  • Max

Chemicals
Metals and construction
Metals/construction
Automotive
Details
Date
Chemicals
Metals and construction
Metals/construction
Automotive
Jan 1, 2018
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2019
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2020
1.81 B USD
0.00 USD
1.33 B USD
830.00 M USD
Jan 1, 2021
1.95 B USD
1.56 B USD
0.00 USD
905.00 M USD
Jan 1, 2022
2.15 B USD
1.65 B USD
0.00 USD
1.04 B USD
Jan 1, 2023
2.05 B USD
1.63 B USD
0.00 USD
1.14 B USD
Jan 1, 2024
2.12 B USD
1.68 B USD
0.00 USD
1.14 B USD
Jan 1, 2025
2.21 B USD
1.72 B USD
0.00 USD
1.22 B USD

Norfolk Southern Revenue by Segment (2/4)

  • 3 Years

  • 5 Years

  • Max

Agriculture, forest and consumer products
Chemicals
Agricultural, Forest and Consumer
Agriculture/consumer/government
Agriculture products
Metals/construction
Automotive
Forest and consumer
Paper/clay/forest
Details
Date
Agriculture, forest and consumer products
Chemicals
Agricultural, Forest and Consumer
Agriculture/consumer/government
Agriculture products
Metals/construction
Automotive
Forest and consumer
Paper/clay/forest
Jan 1, 2018
0.00 USD
1.81 B USD
0.00 USD
1.67 B USD
0.00 USD
1.46 B USD
991.00 M USD
0.00 USD
809.00 M USD
Jan 1, 2019
0.00 USD
1.87 B USD
0.00 USD
0.00 USD
1.57 B USD
1.52 B USD
994.00 M USD
846.00 M USD
0.00 USD
Jan 1, 2020
0.00 USD
0.00 USD
2.12 B USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2021
2.25 B USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2022
2.49 B USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2023
2.53 B USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2024
2.52 B USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2025
2.54 B USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD

Norfolk Southern Revenue by Segment (3/4)

  • 3 Years

  • 5 Years

  • Max

Merchandise
Intermodal
Coal
Details
Date
Merchandise
Intermodal
Coal
Jan 1, 2018
6.74 B USD
2.89 B USD
1.82 B USD
Jan 1, 2019
6.80 B USD
2.82 B USD
1.67 B USD
Jan 1, 2020
6.09 B USD
2.65 B USD
1.05 B USD
Jan 1, 2021
6.67 B USD
3.16 B USD
1.31 B USD
Jan 1, 2022
7.33 B USD
3.68 B USD
1.73 B USD
Jan 1, 2023
7.35 B USD
3.09 B USD
1.71 B USD
Jan 1, 2024
7.47 B USD
3.04 B USD
1.61 B USD
Jan 1, 2025
7.68 B USD
3.01 B USD
1.49 B USD

Norfolk Southern Revenue by Segment (4/4)

  • Max

Reportable Segment
Details
Date
Reportable Segment
Jan 1, 2018
0.00 USD
Jan 1, 2019
0.00 USD
Jan 1, 2020
0.00 USD
Jan 1, 2021
0.00 USD
Jan 1, 2022
0.00 USD
Jan 1, 2023
0.00 USD
Jan 1, 2024
0.00 USD
Jan 1, 2025
12.18 B USD

Norfolk Southern Eulerpool Fair Value

Details

Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Norfolk Southern historical P/E ratio, EBIT multiple, and P/S ratio

Norfolk Southern annual returns

Details

Annual Return

ⓘ

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Norfolk Southern shares outstanding

The number of shares of Norfolk Southern was 224.8 M in 2025. This indicates how many shares Norfolk Southern is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
243.50 M Stocks
Jan 1, 2022
230.70 M Stocks
Jan 1, 2023
226.30 M Stocks
Jan 1, 2024
226.50 M Stocks
Jan 1, 2025
224.80 M Stocks
Jan 1, 2026 (e)
224.80 M Stocks
Jan 1, 2027 (e)
224.80 M Stocks
Jan 1, 2028 (e)
224.80 M Stocks

Norfolk Southern stock splits

In Norfolk Southern's history, there have been no stock splits.

Norfolk Southern Dividend History

37 years of dividend payments

YearAnnual DividendYoY ChangePayments
20262.70USDYTD—2×
Feb 6, 20261.35USD 0.0%1/2
May 8, 20261.35USD 0.0%2/2
20255.40USD 0.0%4×
Feb 7, 20251.35USD 0.0%1/4
May 2, 20251.35USD 0.0%2/4
Aug 1, 20251.35USD 0.0%3/4
Nov 7, 20251.35USD 0.0%4/4
20245.40USD 0.0%4×
20235.40USD↑ 8.9%4×
20224.96USD↑ 19.2%4×
20214.16USD↑ 10.6%4×
20203.76USD↑ 4.4%4×
20193.60USD↑ 18.4%4×
20183.04USD↑ 24.6%4×
20172.44USD↑ 3.4%4×

Norfolk Southern dividend history and estimates

In 2025, Norfolk Southern paid a dividend amounting to 5.40 USD. Dividend means that Norfolk Southern distributes a portion of its profits to its owners.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021
4.16 USD
0.00 USD
Jan 1, 2022
4.96 USD
0.00 USD
Jan 1, 2023
5.40 USD
0.00 USD
Jan 1, 2024
5.40 USD
0.00 USD
Jan 1, 2025
5.40 USD
0.00 USD
Jan 1, 2026 (e)
2.70 USD
2.70 USD
Jan 1, 2027 (e)
0.00 USD
5.81 USD
Jan 1, 2028 (e)
0.00 USD
6.24 USD

Norfolk Southern dividend payout ratio

In 2025, Norfolk Southern had a payout ratio of 42.25%. The payout ratio indicates the percentage of the company's profits that Norfolk Southern distributes as dividends.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
33.71 %
Jan 1, 2022
34.99 %
Jan 1, 2023
66.89 %
Jan 1, 2024
46.65 %
Jan 1, 2025
42.25 %
Jan 1, 2026 (e)
42.09 %
Jan 1, 2027 (e)
40.77 %
Jan 1, 2028 (e)
40.04 %

Current Norfolk Southern forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
1.45 %
Buy
37.04 % (10)
Hold
62.96 % (17)
Sell
0.00 % (0)
12M Price Target
311.10
Last Price
336.04
Currency
USD
12M Return Potential
-7.42 %
LTM Return
0 %

Norfolk Southern Analyst Rating Actions

DateFirmActionRatingReliability
7/27/2026
BMO Capital
BMO Capital
MaintainedMarket Perform–
7/27/2026
Baird
Baird
MaintainedNeutral–
7/24/2026
Wells Fargo
Wells Fargo
MaintainedOverweight56
7/24/2026
TD Cowen
TD Cowen
MaintainedBuy60
7/24/2026
RBC Capital
RBC Capital
MaintainedSector Perform52
7/24/2026
JP Morgan
JP Morgan
MaintainedNeutral80
7/24/2026
Citigroup
Citigroup
MaintainedNeutral48
7/24/2026
Barclays
Barclays
MaintainedOverweight33
7/14/2026
Susquehanna
Susquehanna
MaintainedNeutral–
7/10/2026
JP Morgan
JP Morgan
MaintainedNeutral80

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

Norfolk Southern Earnings Calls

2025

Norfolk Southern Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
7/23/20263.24USD-3.30 BUSD-2026 Q2
4/24/20262.63USD-3.03 BUSD-2026 Q1
1/29/20262.79USD-3.03 BUSD-2025 Q4
4/24/20242.99USD-3.14 BUSD-2024 Q1
1/23/20242.88USD-3.10 BUSD-2023 Q4
7/25/20233.69USD-3.26 BUSD-2023 Q2
4/25/20233.30USD-3.12 BUSD-2023 Q1
1/24/20233.48USD-3.23 BUSD-2022 Q4
10/26/20223.67USD-3.28 BUSD-2022 Q3
7/27/20223.50USD-3.18 BUSD-2022 Q2
...

EESG©

Eulerpool ESG Scorecard© for the Norfolk Southern stock

67/100
66
Environment
62
Social
74
Governance
E

Environment

20
Scope 1 - Direct Emissions4,098,384
Scope 2 - Indirect emissions from purchased energy145,307
Scope 3 - Indirect emissions within the value chain1,999,109
Total CO₂ emissions4,243,691
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees7.935
Percentage of women in management—
Percentage of Asian employees0.7
Share of Asian management5.3
Percentage of Hispanic/Latino employees2.1
Hispano/Latino Management share3.2
Percentage of Black employees16.2
Black Management Share21
Percentage of white employees79.3
White Management Share68.4
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Norfolk Southern shareholder structure

% Name
6.78034%
BLACKROCK, INC.
BLACKROCK, INC.
6.47433%
VANGUARD CAPITAL MANAGEMENT LLC
VANGUARD CAPITAL MANAGEMENT LLC
4.36487%
STATE STREET CORP
STATE STREET CORP
2.77752%
DODGE & COX
DODGE & COX
2.25308%
GEODE CAPITAL MANAGEMENT, LLC
GEODE CAPITAL MANAGEMENT, LLC
2.03466%
MILLENNIUM MANAGEMENT LLC
MILLENNIUM MANAGEMENT LLC
...

Norfolk Southern Beneficial Ownership Filings (SEC 13D/G)

Free Float
99.8%
Float Shares
-
Shares Outstanding
-
StakeHolderFiling
55.88%
First Trust Portfolios L.P., First Trust Advisors L.P., The Charger Corporation
First Trust Portfolios L.P., First Trust Advisors L.P., The Charger Corporation
SEC ↗
10.40%
Capital Research Global Investors **
Capital Research Global Investors **
SEC ↗
7.57%
The Vanguard Group - 23-1945930
The Vanguard Group - 23-1945930
SEC ↗
7.55%
Vanguard Capital Management
Vanguard Capital Management
SEC ↗
6.90%
(1) BlackRock, Inc.
(1) BlackRock, Inc.
SEC ↗
6.34%
Abigail P. Johnson
Abigail P. Johnson
SEC ↗
5.80%
JPMORGAN CHASE & CO.13-2624428
JPMORGAN CHASE & CO.13-2624428
SEC ↗
5.21%
25-1435979
25-1435979
SEC ↗
5.11%
51-0326854
51-0326854
SEC ↗
5.11%
22-1146430
22-1146430
SEC ↗

Norfolk Southern Executives and Management Board

20 members · avg. age 61 · 25 % women

JO

Mr. John Orr (61)

Chief Operating Officer, Executive Vice President

11.39 M USD

Management

MG

Mr. Mark George (58)

President, Chief Executive Officer, Director · since 2019

8.99 M USD
AB

Mr. Anil Bhatt (50)

Executive Vice President, Chief Information and Digital Officer

4.99 M USD
CE

Mr. Claude Elkins (59)

Executive Vice President, Chief Marketing Officer

3.76 M USD
AA

Ms. Ann Adams (54)

Chief Human Resources Officer

3.42 M USD
JZ

Mr. Jason Zampi (50)

Chief Financial Officer, Executive Vice President

1.95 M USD
CM

Mr. Claiborne Moore (45)

Vice President, Controller

–

Board of Directors

JH

Mr. John Huffard (57)

Independent Director

371,725.00 USD
FD

Ms. Francesca Debiase (59)

Independent Director

359,725.00 USD
AD

Adm. Philip Davidson (65)

Independent Director

349,725.00 USD
MD

Ms. Marcela Donadio (70)

Independent Director

327,225.00 USD
CJ

Dr. Christopher Jones (60)

Independent Director

324,725.00 USD
RA

Mr. Richard Anderson (69)

Independent Chairman of the Board

223,979.00 USD

Norfolk Southern Supply Chain

Norfolk Southern Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
30 companies
#Nameβ 1YTrend
1
CSX
Supplier·Customer
0.75
0.97
0.66
0.75
0.92
0.99
1.02
2
Canadian Pacific Railway Limited
Customer
0.71
0.58
0.65
0.72
0.90
0.97
—
3
Eastman Chemical
Customer
0.34
0.72
0.66
0.75
0.93
0.97
1.66
4
Canadian Pacific Railway
Customer
0.68
0.57
0.59
0.61
0.85
0.95
2.55
5
Chemours
Customer
0.31
0.78
0.62
0.14
0.76
0.94
2.08
#Nameβ 1YTrend
1
BASF SE
Customer
0.89
0.61
0.60
—
—
—
—
2
CONSOL Coal Resources LP
Customer
0.63
-0.78
-0.63
-0.28
-0.81
—
—
3
Phunware
Supplier
0.27
-0.30
0.19
0.56
—
—
—
4
Konecranes Plc
Supplier
0.26
—
—
—
—
—
—
5
Glencore plc
Customer
0.26
-0.81
-0.45
-0.23
—
—
—

Frequently asked questions about Norfolk Southern

Norfolk Southern Corp operates as a leading transportation company, focusing on the rail industry. The business model of Norfolk Southern Corp revolves around providing freight transportation services across a vast network spanning approximately 22 states, the District of Columbia, and parts of Canada. The company's primary objective is to offer safe, efficient, and reliable rail transportation solutions for various commodities, including intermodal, coal, automotive, and industrial products. Norfolk Southern Corp aims to maximize shareholder value by continually improving operational performance, leveraging technological advancements, and ensuring exceptional customer service to meet the evolving needs of the transportation industry.

Norfolk Southern Corp is primarily active in the transportation and logistics industry.

The main competitors of Norfolk Southern Corp in the market include Union Pacific Corporation, CSX Corporation, and Kansas City Southern.

Norfolk Southern Corp, established in 1982, is a leading transportation company in the United States. The company's rich history can be traced back to several predecessor railroads, including the Norfolk and Western Railway and the Southern Railway. Since its inception, Norfolk Southern Corp has been at the forefront of innovation and growth in the railroad industry. With a diverse network spanning 22 states and the District of Columbia, the company provides efficient and reliable rail transportation services for various industries, including automotive, agriculture, chemicals, and more. Norfolk Southern Corp continues to drive economic development and deliver value for its shareholders through its commitment to safe and sustainable operations.

Norfolk Southern Corp has achieved several significant milestones. Over the years, the company has focused on enhancing its rail network, improving operational efficiency, and expanding its services. Some notable milestones include the development of innovative intermodal facilities, implementation of advanced technologies for train scheduling and tracking, and the promotion of environmental sustainability through emissions reduction initiatives. Additionally, Norfolk Southern Corp has been recognized for its commitment to safety, receiving multiple awards and certifications. These achievements have solidified Norfolk Southern Corp's position as a leader in the railroad industry and have contributed to the company's continued growth and success.

Norfolk Southern Corp primarily operates in the United States.

Norfolk Southern Corp represents a strong commitment to its values and corporate philosophy. The company focuses on providing safe, reliable, and efficient transportation services for its customers. Norfolk Southern Corp believes in fostering strong relationships with its employees, communities, and stakeholders. The company values transparency, integrity, and accountability in all its operations. Norfolk Southern Corp is dedicated to delivering exceptional value to shareholders through consistent growth and financial performance. By prioritizing safety, innovation, and sustainability, Norfolk Southern Corp continues to be a leader in the transportation industry.

Analysts currently set an average price target of 313.61 USD for the Norfolk Southern stock (median: 311.10 USD), implying -6.7 % versus the latest price. The consensus is based on 27 analyst ratings.

Norfolk Southern Analyst Price Targets 2026

27 analysts currently rate the Norfolk Southern stock: 10 recommend buying, 17 holding and 0 selling. For 2026, analysts expect Norfolk Southern to generate revenue of 13.18 B USD and earnings per share of 12.86 USD.

Norfolk Southern Analyst Price Targets 2026

Converted at the current exchange rate, the Norfolk Southern share trades at 290.63 EUR (335.41 USD).

The Norfolk Southern share (NSC) is listed on 10 stock exchanges, including: NYSE (NSC), XETRA (NFS.DE), Frankfurt (NFS.F), München (NFS.MU), Düsseldorf (NFS.DU), Hamburg (NFS.HM), London (0K8M.L), London (0K8M.L).

The Norfolk Southern Corporation is one of the leading railroad companies in North America and operates a fully integrated transportation network that covers the entire United States. The company offers a wide range of transportation services to customers from various industries, including agriculture, chemicals, energy, automotive, and retail.

The expected revenue of Norfolk Southern is 13.18 B USD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Norfolk Southern is 2.89 B USD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Norfolk Southern is currently 26.08. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Norfolk Southern stock.

The price-to-sales ratio (P/S) of Norfolk Southern is currently 5.72. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Norfolk Southern stock.

The Eulerpool Quality Score for Norfolk Southern is 4/10.

The ISIN of Norfolk Southern is US6558441084. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Norfolk Southern is 867028. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Norfolk Southern is NSC. The ticker symbol is used to trade Norfolk Southern shares on the stock exchange.

Over the past 12 months, Norfolk Southern paid a dividend of 5.40 USD . This corresponds to a dividend yield of about 1.61 %. For the coming 12 months, Norfolk Southern is expected to pay a dividend of 5.81 USD.

The current dividend yield of Norfolk Southern is 1.61 %.

Norfolk Southern pays a dividend, distributed in the months of , , , .

Norfolk Southern paid dividends every year for the past 36 years.

For the upcoming 12 months, dividends amounting to 5.81 USD are expected. This corresponds to a dividend yield of 1.73 %.

Norfolk Southern is assigned to the 'Industry' sector.

In the year 2025, Norfolk Southern distributed 5.4 USD as dividends.

The dividends of Norfolk Southern are distributed in USD.

All fundamentals and in-depth analysis of Norfolk Southern

Our stock analysis for Norfolk Southern stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Norfolk Southern. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

Norfolk Southern Stock
Norfolk Southern Revenue→
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Norfolk Southern Net Income→
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Norfolk Southern EBIT→
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