NSC

Norfolk Southern

$323.48

-1.05% 2026-10-19

IndustrialsS&P 500

1M 3M 6M 1Y 2Y

NSCSPY

+1.3%

+3.0%

-3.0%

+7.2%

YTD

+13.5%

+13.6%

Grades vs sector

Momentum

54th pct in sector

C+

12-1 return: +11.0%
Percentile within its GICS sector across the S&P 1500.

Growth

60th pct in sector

B-

Revenue growth (YoY): +11.4%
Percentile within its GICS sector across the S&P 1500.

Value

35th pct in sector

C-

Forward E/P: 4.4% · EBITDA/EV: 6.3%
Percentile within its GICS sector across the S&P 1500.

Profitability

75th pct in sector

B+

Profit margin: +21.0% · Return on equity: +17.0%
Percentile within its GICS sector across the S&P 1500.

Revisions

no data

–

EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 3 live models right now.

Momentum Top 15

rank 207 of 499 · 12-1 momentum % 16.1

Quality Growth

rank 99 of 360 · Composite (0-1) 0.5

Momentum Blend

not in the current book

Key stats

Market cap–

P/E (trailing)–

P/E (forward)–

52-week range– – –

Revenue growth (YoY, latest qtr)–

Dividend yield–

Analyst consensus–

Mean price target–

Valuation & fundamentals

Bottom line

Leans expensive

Model read-out from the numbers below, not advice. Score -2 (DCF counts double).

▼DCF (base case)below the price by 86%

•Piotroski F-score6/9

•Net debt / EBITDA1.8x

Discounted cash flow

Bear

$14

-96%

growth -7% · disc. 10.2% · term. 2.0%

Base

$45

-86%

growth -2% · disc. 9.2% · term. 2.5%

Bull

$88

-73%

growth 1% · disc. 8.2% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal

Not enough data to run a reverse DCF.

Edit assumptions · recalculates instantly

Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.00 (n/a) × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Industrials

P/E (trailing)

sector median 26.4×

–

Forward P/E

sector median 17.1×

–

EV / EBITDA

sector median 14.8×

–

Price / sales

sector median 2.1×

–

Price / book

sector median 3.5×

–

FCF yield

sector median 4.5%

–

Quality & financial health

Gross margin

–

Operating margin

32.2%

FCF margin

13.0%

Net margin

21.0%

Return on equity

16.2%

Return on invested capital

12.3%

Net debt / EBITDA

1.8×

Current ratio

0.8×

Interest cover

5.1×

Cash conversion (OCF/NI)

1.4×

Piotroski F-score 6/9 · last two fiscal years

✓ Positive net income✓ Positive operating cash flow✓ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✗ Current ratio improved✓ No share dilution✗ Gross margin improved✗ Asset turnover improved

Analysts

No analyst targets available.

Annual history

FY	Revenue	Net income	Free cash flow
2025	$12.2B	$2.9B	$2.2B
2024	$12.1B	$2.6B	$1.7B
2023	$12.2B	$1.8B	$852.0M
2022	$12.7B	$3.3B	$2.3B
2021	$11.1B	$3.0B	$2.8B
2020	$9.8B	$2.0B	$2.1B

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR -1.5%.

Earnings

Next report: 2026-10-22 · before open · EPS est 3.47

EstimateActual (beat)Actual (miss)

Report	EPS est	Actual	Surprise
2026-07-23	3.32	3.52	+5.9%
2026-04-24	2.49	2.65	+6.3%
2026-01-29	2.76	3.22	+16.5%
2025-10-23	3.20	3.30	+3.0%
2025-07-29	3.31	3.29	-0.5%
2025-04-23	2.68	2.69	+0.5%
2025-01-29	2.94	3.04	+3.3%
2024-10-22	3.11	3.25	+4.5%

Quarterly revenue

Quarter	Revenue	YoY
2026-06-30	$3.5B	+11.4%
2026-03-31	$3.0B	–
2025-12-31	$3.0B	–
2025-09-30	$3.1B	–
2025-06-30	$3.1B	–

Recent dividends

2026-08-07: $1.350 · 2026-05-08: $1.350 · 2026-02-06: $1.350 · 2025-11-07: $1.350 · 2025-08-01: $1.350 · 2025-05-02: $1.350 · 2025-02-07: $1.350 · 2024-11-01: $1.350

Insider trades

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News

Exploring Analyst Estimates for Norfolk Southern (NSC) Q3 Earnings, Beyond Revenue and EPS

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The Wall Street Journal · 18h ago

3 Dividend Stocks With Economic Moats That Are Almost Impossible to Cross

24/7 Wall St. · Oct 16

Is Union Pacific (UNP) Undervalued Ahead Of Earnings And The Norfolk Southern Deal?

Simply Wall St. · Oct 15

Union Pacific (UNP) Stock Trades Near Fair Value After Cash Flow Review

Simply Wall St. · Oct 15

Norfolk Southern (NSC) Earnings Expected to Grow: Should You Buy?

Zacks · Oct 15

What is Union Pacific’s (UNP) Economic Moat, and is it Widening or Narrowing?

Insider Monkey · Oct 14

Billionaires Are Piling Into Union Pacific. Here's What They See.

Motley Fool · Oct 09

Stats refreshed 2026-10-19 19:04:18 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

coteau

Hypothetical research for education, not investment advice. Data: Yahoo Finance (via yfinance, delayed), SEC EDGAR.

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