NORFOLK SOUTHERN CORP
NSCNYSEIndustrials · Railroads, Line-Haul Operating · VA · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $12.18B | $12.12B | $12.16B | $12.74B | $11.14B | $9.79B |
| Operating income | $4.36B | $4.07B | $2.85B | $4.81B | $4.45B | $3.00B |
| Net income | $2.87B | $2.62B | $1.83B | $3.27B | $3.00B | $2.01B |
| Total assets | $45.24B | $43.68B | $41.65B | $38.88B | $38.49B | $37.96B |
| Total liabilities | $29.69B | $29.38B | $28.87B | $26.15B | $24.85B | $23.17B |
| Equity | $15.55B | $14.31B | $12.78B | $12.73B | $13.64B | $14.79B |
| EPS (diluted) | $12.75 | $11.57 | $8.02 | $13.88 | $12.11 | $7.84 |
| Shares out. | 226.4M | 225.9M | 227.8M | 239.8M | 251.9M | 257.8M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 35.8%
- Net margin
- 23.6%
- Return on equity
- 18.5%
- Return on assets
- 6.4%
- Return on capital (ROCE)
- 10.5%
- Liabilities / assets
- 65.6%
- Debt / equity
- 1.91×
- Book value / share
- $68.66
- Revenue growth (YoY)
- 0.5%
- Net income growth (YoY)
- 9.6%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 2.07grey zone
- Accruals / assets
- −3.3%clean
- Piotroski F-Score
- 6/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 1 warning● 5 good- Altman Z″ in the grey zone
- Operating margin is positive
- Strong return on equity (>15%)
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Vanguard Capital Management LlcPassive (13G)Apr 30, 2026
- Vanguard Group IncPassive (13G)Mar 27, 2026
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 7.2M | 6.8 | -26.2% |
| Apr 30, 2026 | 9.7M | 8.2 | +12.7% |
| Apr 15, 2026 | 8.6M | 5.8 | +2.0% |
| Mar 31, 2026 | 8.5M | 6.5 | -3.0% |
| Mar 13, 2026 | 8.7M | 6.3 | -17.9% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Director / officer change · Regulation FD disclosureJun 1, 2026
- Shareholder voteMay 8, 2026
- Results of operations · Regulation FD disclosureApr 24, 2026
- Entered a material agreementApr 2, 2026
- Results of operations · Regulation FD disclosureJan 29, 2026
- Regulation FD disclosureDec 19, 2025
- Shareholder vote · Other material eventNov 17, 2025
- Other material eventNov 6, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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