Norfolk Southern Income Statement
NSC / Industrials|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
Norfolk Southern reported $12.2B in revenue and $2.9B in net income for FY2025. Revenue has grown at a 3.1% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 1.03 (distress zone, below 1.8 threshold)
- Strong profit margin: 24.2%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.2B | $12.1B | $12.2B | $9.8B | $11.3B | $11.5B | $10.6B | $9.9B | $2.6B | $9.9B | $10.5B | $11.6B | $11.2B | $9.5B | $8.0B |
| Operating Income | $4.4B | $4.1B | $2.9B | $3.0B | $4.0B | $4.0B | $3.5B | $3.0B | $3.5B | $3.0B | $2.9B | $3.6B | $3.2B | $2.7B | $2.0B |
| Interest Expense | - | $807.0M | $722.0M | $625.0M | $604.0M | $557.0M | $550.0M | $563.0M | $550.0M | $563.0M | $545.0M | $545.0M | $455.0M | $462.0M | $467.0M |
| Income Tax | $792.0M | $707.0M | $493.0M | $517.0M | $769.0M | $803.0M | -$2.3B | $914.0M | -$2.3B | $914.0M | $886.0M | $1.1B | $1.0B | $871.0M | $588.0M |
| Net Income | $2.9B | $2.6B | $1.8B | $2.0B | $2.7B | $2.7B | $5.4B | $1.7B | $5.4B | $1.7B | $1.6B | $2.0B | $1.9B | $1.5B | $1.0B |
| EPS (Basic) | $8.04 | $13.92 | $12.16 | $7.88 | $10.32 | $9.58 | $18.76 | $5.66 | $5.13 | $6.44 | $6.10 | $5.42 | $5.52 | $4.06 | $2.79 |
| EPS (Diluted) | $8.02 | $13.88 | $12.11 | $7.84 | $10.25 | $9.51 | $18.61 | $5.62 | $5.10 | $6.39 | $6.04 | $5.37 | $5.45 | $4.00 | $2.76 |
| Shares Outstanding | 226.3M | 225.7M | 228.1M | 240.2M | 252.1M | 257.9M | 268.1M | 284.2M | 290.4M | 297.8M | 308.2M | 308.9M | 314.0M | 330.4M | 357.4M |
| Operating Margin | 35.8% | 33.6% | 23.4% | 30.7% | 35.3% | 34.5% | 33.4% | 30.4% | 136.8% | 30.4% | 27.4% | 30.8% | 28.8% | 28.1% | 24.6% |
| Profit Margin | 23.6% | 21.6% | 15.0% | 20.6% | 24.1% | 23.3% | 51.2% | 16.9% | 209.9% | 16.9% | 14.8% | 17.2% | 17.2% | 15.7% | 13.0% |