NSCNORFOLK SOUTHERN CORP
Railroads, Line-Haul Operating
- Revenue
- $12.2B
- 0.5% YoY
- Operating margin
- 35.8%
- 6.5% YoY
- EBITDA
- $5.7B
- 6.0% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 1.7×
- $9.5B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear152% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear40% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $11.1B | $12.7B | $12.2B | $12.1B | $12.2B | 0.5% |
| Operating income | $4.4B | $4.8B | $2.9B | $4.1B | $4.4B | 7.0% |
| Net income | $3.0B | $3.3B | $1.8B | $2.6B | $2.9B | 9.6% |
| Operating cash flow | $4.3B | $4.2B | $3.2B | $4.1B | $4.4B | 7.6% |
| Capex | $1.5B | $1.9B | $2.3B | $2.4B | $2.2B | 7.4% |
| Stock-based comp | $54M | $53M | $40M | $40M | $63M | 57% |
| Buybacks | $3.4B | $3.1B | $622M | $0 | $534M | |
| Dividends | $1.0B | $1.2B | $1.2B | $1.2B | $1.2B | 0.5% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.