Norfolk Southern
Norfolk Southern Corporation (NYSE: NSC) owns Norfolk Southern Railway Company, a freight railroad transporting raw materials, intermediate products, and finished goods across the Southeast, East, and Midwest, with connections to the rest of the United States and overseas freight service through Atlantic and Gulf… From the company’s description.
In fiscal 2025, Norfolk Southern reported revenue of $12.18B, up 0.5% from fiscal 2024, and net income of $2.87B. Its operating margin was 35.8%, and operations generated $4.36B in cash. Over the twelve months to Sep 30, 2026, revenue was $12.96B.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Norfolk Southern does
In the company’s own words
Norfolk Southern Corporation (NYSE: NSC) owns Norfolk Southern Railway Company, a freight railroad transporting raw materials, intermediate products, and finished goods across the Southeast, East, and Midwest, with connections to the rest of the United States and overseas freight service through Atlantic and Gulf Coast ports. Its customers include manufacturers, electric utilities, mines, distribution and transload centers, intermodal marketing companies, and international steamship lines. The company’s freight spans merchandise commodities—including agriculture and consumer products, chemicals, metals and construction materials, and automobiles—intermodal container and trailer shipments, and coal. In 2025, merchandise generated 63% of railway operating revenue, intermodal 25%, and coal 12%; total railway operating revenue was $12.2 billion. Norfolk Southern operated approximately 19,100 route miles in 22 states and the District of Columbia at year-end 2025, and employed 19,300 people. Its common stock is listed on the New York Stock Exchange. Its website is www.norfolksouthern.com.
Company details
- Sector
- Industrials
- Industry (SIC)
- Transportation & Utilities
- Headquarters
- ATLANTA, GA
- Fiscal year end
- December
- CIK
- 702165
- SIC
- 4011
Financial performance, year by year
Fiscal 2013–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Norfolk Southern — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Superinvestors in Norfolk Southern · what they did last quarter
Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.
Largest fund holders · Norfolk Southern’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Norfolk Southern’s bonds, as funds hold them
Funds report holding 32 issues of Norfolk Southern’s debt, $1.69B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.38%, maturing 2026 to 2064.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
Compare this company with peers, find it in your funds and follow its financial history with your connected AI:
- “How do Norfolk Southern and its peers compare on margins and cash generation over ten years?”
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