Financials in USD. Standardized financial statements.
A compact view of how Norfolk Southern Corporation turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $12.18B | $12.12B | $12.16B | $12.74B | $11.14B | $9.79B | $11.30B | $11.46B | $10.55B | $9.89B |
| Revenue Growth? | +0.5% | -0.3% | -4.6% | +14.4% | +13.8% | -13.3% | -1.4% | +8.6% | +6.7% | 0.0% |
| Cost of Revenue? | $7.01B | $8.36B | $9.35B | $8.01B | $6.78B | $6.39B | $7.40B | $7.50B | $7.03B | $6.82B |
| Gross Profit? | $5.17B | $3.76B | $2.81B | $4.73B | $4.37B | $3.40B | $3.89B | $3.96B | $3.52B | $3.07B |
| Gross Margin? | +42.4% | +31.0% | +23.1% | +37.1% | +39.2% | +34.7% | +34.5% | +34.6% | +33.4% | +31.0% |
| Operating Expenses? | $1.16B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Income? | $4.01B | $3.76B | $2.81B | $4.73B | $4.37B | $3.40B | $3.89B | $3.96B | $3.52B | $3.07B |
| EBITDA? | $5.85B | $5.49B | $4.34B | $6.04B | $5.71B | $4.31B | $5.23B | $5.13B | $4.73B | $4.21B |
| Income Before Tax | $3.67B | $3.33B | $2.32B | $4.13B | $3.88B | $2.53B | $3.49B | $3.47B | $3.13B | $2.58B |
| Income Tax Expense | $792.00M | $707.00M | $493.00M | $860.00M | $873.00M | $517.00M | $769.00M | $803.00M | -$2.28B | $914.00M |
| Net Income? | $2.87B | $2.62B | $1.83B | $3.27B | $3.00B | $2.01B | $2.72B | $2.67B | $5.40B | $1.67B |
| EPS? | $12.75 | $11.58 | $8.04 | $13.92 | $12.16 | $7.88 | $10.32 | $9.94 | $18.76 | $5.66 |
| Diluted EPS? | $12.75 | $11.57 | $8.02 | $13.88 | $12.11 | $7.84 | $10.25 | $9.51 | $18.61 | $5.62 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality