OakChart

Norfolk Southern Corp

NSCIndustrials·Railroads·USA·Large·NYSE·Nov 11 • 12:32 PM ET

329.69+1.76 (0.54%)
2026-11-11 18:32 CET
Market cap
73,658.65 USD m
Revenue, TTM
12,963.00 USD m
Net income, TTM
2,681.00 USD m
Free cash flow, TTM
1,647.00 USD m
EPS diluted, TTM
11.92
P/E
27.65
Compare

Price

NSC against its 20, 50 and 200-day averages
2050200miss
300.00320.00340.00360.001.7M3.3MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26NSCclose 329.6920-day 332.8650-day 324.03200-day 316.90329.6952w high

8.1% under the 52-week high of 358.60 on 23 Jul 2026. 52-week low 277.80 on 20 Jan 2026. Last 15 sessions, 8.8% high to low

Profile

NSC
52-week range, 64% of the way up
277.8358.6

Norfolk Southern Corp. is a transportation company, which engages in the rail transportation of raw materials, intermediate products, and finished goods. The company also transports overseas freight through several Atlantic and Gulf Coast ports. Its services include property leases and sales, wire line or pipeline and fiber optics projects, access property, managing private crossings, promoting businesses with signboards, and natural resource management. The company was founded on July 23, 1980, and is headquartered in Atlanta, GA.

IndexS&P 500, RUI
Employees19300
IPOJun 02, 1982
Beta1.18
ATR, 14d6.88
Rel volume0.71
Short float2.63%
Insider own0.10%
Inst own78.38%

Snapshot

6 groups

Valuation

IndexS&P 500, RUI
Market Cap74.05B
Enterprise Value89.07B
Income2.68B
Sales12.96B
Book/sh74.48
Cash/sh7.11
Dividend Est.5.42 (1.64%)
Dividend TTM5.40 (1.64%)
Dividend Ex-DateNov 06, 2026
Dividend Gr. 3/5Y2.87% 7.51%
Payout42.36%
Employees19300
IPOJun 02, 1982

Ratios

P/E27.65
Forward P/E22.64
PEG2.66
P/S5.71
P/B4.43
P/C46.34
P/FCF44.96
EV/EBITDA15.79
EV/Sales6.87
Quick Ratio0.81
Current Ratio0.90
Debt/Eq0.99
LT Debt/Eq0.95
Option/ShortYes / Yes

Earnings

EPS (ttm)11.92
EPS next Y14.57
EPS next Q3.27
EPS this Y4.58%
EPS next Y11.50%
EPS next 5Y8.50%
EPS past 3/5Y-2.79% 10.22%
Sales past 3/5Y-1.50% 4.47%
EPS Y/Y TTM-9.02%
Sales Y/Y TTM5.99%
EPS Q/Q6.66%
Sales Q/Q13.63%
EarningsOct 22 BMO
EPS/Sales Surpr.4.49% 0.61%

Ownership

Insider Own0.10%
Insider Trans0.00%
Inst Own78.38%
Inst Trans-0.62%
ROA5.92%
ROE16.82%
ROIC8.20%
Gross Margin32.52%
Oper. Margin32.52%
Profit Margin20.68%
SMA20-0.95%
SMA501.75%
SMA2004.04%
Trades-

Technical

Shs Outstand224.62M
Shs Float224.39M
Short Float2.63%
Short Ratio5.76
Short Interest5.90M
52W High358.60 -8.06%
52W Low277.80 18.68%
Volatility2.43% 1.99%
ATR (14)6.88
RSI (14)49.78
Beta1.18
Rel Volume0.71
Avg Volume1.03M
Volume359,663

Performance

Perf Week-4.20%
Perf Month2.66%
Perf Quarter-2.42%
Perf Half Y6.15%
Perf YTD14.19%
Perf Year14.65%
Perf 3Y67.46%
Perf 5Y19.49%
Perf 10Y226.72%
Recom2.64
Target Price358.65
Prev Close327.93
Price329.69
Change %0.54%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Apr 27, 2026ReiteratedTTD CowenBuy$313 → $337+2.2%
Feb 06, 2026DowngradeUUBSBuy → Neutral$342+3.7%
Dec 11, 2025DowngradeDDeutsche BankBuy → Hold
Oct 24, 2025ReiteratedTTD CowenBuy$320 → $314-4.8%
Jul 25, 2025DowngradeJJefferiesBuy → Hold$300-9.0%
Jul 21, 2025UpgradeTTD CowenHold → Buy$323-2.0%
Jul 09, 2025DowngradeCCitigroupBuy → Neutral$288-12.6%
Jul 01, 2025ResumedRRobert W. BairdNeutral$255-22.7%
Jun 02, 2025DowngradeGGoldmanBuy → Neutral$278-15.7%
Mar 07, 2025InitiatedDDeutsche BankBuy$293-11.1%

Peers

Mkt cap
TickerCompanyMkt cap
CSXCSX Corp95.35B
UNPUnion Pacific Corp178.88B
CNICanadian National Railway Co76.25B
CPCanadian Pacific Kansas City Limited81.31B
WABWestinghouse Air Brake Technologies Corp51.30B
JBHTJ.B. Hunt Transport Services Inc21.22B
ODFLOld Dominion Freight Line Inc35.00B
GBXGreenbrier Cos. Inc1.30B
TRNTrinity Industries Inc2.36B
KNXKnight-Swift Transportation Holdings Inc10.11B

Insider trading

latest 14 of 22
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Barr BrianChief Operating OfficerOct 24 '26Option Exercise0.0065301,471Oct 26 06:20 PM
Bhatt AnilEVP & CIDOOct 24 '26Option Exercise0.003,25905,298Oct 26 06:20 PM
George Mark RPresident & CEOSep 13 '26Option Exercise0.002,653023,818Sep 15 12:21 PM
Orr John FEVP & Chief Operating OfficerApr 26 '26Option Exercise0.008,319014,610Apr 28 01:33 PM
LAMPHERE GILBERT HDirectorJan 30 '26Option Exercise0.0070003,647Feb 03 05:32 PM
Moore Claiborne LVice President & ControllerJan 30 '26Option Exercise0.0067305,154Feb 03 05:08 PM
Orr John FEVP & Chief Operating OfficerJan 30 '26Option Exercise0.001,50506,701Feb 03 05:08 PM
George Mark RPresident & CEOJan 30 '26Option Exercise0.003,691022,609Feb 03 05:08 PM
Zampi Jason AndrewEVP & CFOJan 30 '26Option Exercise0.001,07504,439Feb 03 05:08 PM
Elkins Claude EEVP & Chief Commercial OfficerJan 30 '26Option Exercise0.001,30403,721Feb 03 05:08 PM
Bhatt AnilEVP & CIDOJan 30 '26Option Exercise0.0086102,274Feb 03 05:08 PM
George Mark RPresident & CEOJan 27 '26Option Exercise0.00775019,221Jan 28 06:38 PM
George Mark RPresident & CEOJan 26 '26Option Exercise0.00625018,691Jan 28 06:38 PM
Moore Claiborne LVice President & ControllerJan 27 '26Option Exercise0.0025404,551Jan 28 06:38 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VOOVanguard S&P 500 ETFAUM: 1054.75B
IVViShares Core S&P 500 ETFAUM: 871.38B
SPYSPDR S&P 500 ETF TrustAUM: 793.23B
VOVanguard Morningstar Mid-Cap ETFAUM: 107.07B
VTVVanguard Morningstar Value ETFAUM: 196.23B
XLIState Street Industrial Select Sector SPDR ETFAUM: 30.88B
PAVEGlobal X U.S. Infrastructure Development ETFAUM: 13.47B
VYMVanguard High Dividend Yield Indx ETFAUM: 83.15B
VOEVanguard Morningstar Mid-Cap Value ETFAUM: 24.66B

News

latest 14 of 206
  • Union Pacific CEOs Rate Remark May Have Silenced Merger Opponents, STB Says (Sourcing Journal)
  • UP CEOs rate threat adds wrinkle to Norfolk Southern merger process (Supply Chain Dive)
  • EXCLUSIVE: Humor is good, Union Pacific CEO says of video rate threat (FreightWaves)
  • Conrail tabs Wright as president and chief operating officer (FreightWaves)
  • STB orders Union Pacific to make alleged rate hike threat video public (FreightWaves)
  • Loading…
  • Schneider National says rail partner shift offers network boost (Trucking Dive)
  • Norfolk Southern, Schneider National team to scale East Coast intermodal reach (Supply Chain Dive)
  • Rail Rivalry: Schneiders Bold Move to Norfolk Southern from CSX (FreightWaves)
  • Schneider partners with Norfolk Southern; raises outlook despite Q3 miss (FreightWaves)
  • Schneider to shift eastern rail business to Norfolk Southern from CSX (FreightWaves)
  • New Georgia hub aims to take 26,000 containers off the road (FreightWaves)
  • Schneider and Norfolk Southern partner to expand domestic intermodal capacity across the eastern U.S. (Business Wire)
  • Norfolk Southern and Schneider partner to expand domestic intermodal capacity across the eastern U.S. (PR Newswire)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-223.6203.4653.3703,5003,47920
2026Q22026-07-233.5203.3223.2583,5003,37820
2026Q12026-04-242.6502.4912.4313,0002,99620
2025Q42026-01-293.2202.7612.8652,9743,00122
2025Q32025-10-233.3003.1893.1603,1003,11222
2025Q22025-07-293.2903.3053.4093,1103,12823
2025Q12025-04-232.6902.6633.3072,9932,97124
2024Q42025-01-293.0402.9383.2333,0003,01524
2024Q32024-10-223.2503.1074.8523,1003,08623
2024Q22024-07-253.0602.8623.2513,0443,03922
2024Q12024-04-242.4902.5260.2303,0043,01819
2023Q42024-01-262.8302.8702.3293,0733,08725
2023Q32023-10-252.6502.6862.1012,9712,94424
2023Q22023-07-272.9503.1071.5612,9803,08026
2023Q12023-04-263.3203.1462.0413,1003,10226
2022Q42023-01-253.4203.4373.4243,2373,20626

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY10.25010.05210.24911,29611,305
2020FY9.2509.1037.8379,8009,756
2021FY12.11012.01612.11211,10011,110
2022FY13.88013.67913.87512,74512,709
2023FY11.74011.7948.02112,15612,171
2024FY11.85011.75511.57212,10012,118
2025FY12.49012.01912.75012,18012,215
2026FY-13.062--13,466
2027FY-14.565--14,188
2028FY-15.954--14,796
2029FY-17.498--15,431
2030FY-18.530--16,232

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-10-23161503,4783,4083,542
2026Q4S2026-10-22161503,4753,4083,530
2026Q4S2026-10-19151203,4093,3103,524
2026Q4S2026-10-14151103,3983,2303,524
2026Q4S2026-10-09151003,3933,2303,524
2026Q4S2026-10-0715903,3853,1943,524
2026Q4S2026-10-0615903,3813,1943,524
2026Q4S2026-10-05151403,3813,1943,524
2026Q4S2026-10-02151403,3753,1943,524
2026Q4S2026-10-01151403,3623,1943,513
2026Q4S2026-09-29151403,3503,1943,513
2026Q4S2026-09-23151403,3383,1943,464
2026Q4S2026-08-04151403,3323,1943,464
2026Q4S2026-07-24151403,3273,1943,464

Estimate history

EPS, annual18.6159.51110.2497.83712.11213.8758.02111.57212.74711.9244
Period201720182019202020212022202320242025TTM
EPS, quarterly4.8523.2333.3073.4093.162.8652.4313.2583.37
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual1055111458112969789111421274512156121231218012963
Period201720182019202020212022202320242025TTM
Sales, quarterly305130242993311031032974299834653526
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual284.157268.098257.905252.095240.163228.076225.681226.321224.421224.617
Period201720182019202020212022202320242025MRQ
Shares, quarterly226.24226.321225.444224.615224.387224.421224.594224.608224.617
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue12,963.0012,180.0012,123.0012,156.0012,745.0011,142.009,789.0011,296.0011,458.00
Cost of Goods Sold Incl. D&A8,747.008,229.008,359.009,348.008,012.006,777.006,392.007,403.007,499.00
Gross Profit4,216.003,951.003,764.002,808.004,733.004,365.003,397.003,893.003,959.00
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income4,216.003,951.003,764.002,808.004,733.004,365.003,397.003,893.003,959.00
Interest Expense782.00792.00807.00722.00692.00646.00625.00604.00557.00
Unusual Expense258.00-152.00183.000.000.000.0078.0017.000.00
Net Income Before Taxes3,426.003,665.003,329.002,320.004,130.003,878.002,530.003,491.003,469.00
Income Taxes742.00792.00707.00493.00860.00873.00517.00769.00803.00
Consolidated Net Income2,681.002,870.002,619.001,824.003,268.003,003.002,010.002,717.002,660.00
Net Income From Continuing Operations2,681.002,870.002,619.001,824.003,268.003,003.002,010.002,717.002,660.00
Net Income2,681.002,870.002,619.001,824.003,268.003,003.002,010.002,717.002,660.00
EPS (Recurring)12.7112.2812.148.0213.8812.118.0510.299.51
EPS (Basic, Before Extraordinaries)11.9412.7611.588.0413.9212.167.8810.329.58
EPS (Diluted)11.9212.7511.578.0213.8812.117.8410.259.51
EBITDA5,642.005,344.005,117.004,106.005,954.005,546.004,551.005,031.005,061.00
Non-Operating Income (Expense)250.00354.00555.00234.0089.00159.00-164.00219.0067.00
Other After Tax Adjustments-3.00-3.00-3.00-3.00-2.00-2.00-3.00-5.00-6.00
Stock Option Compensation Expense67.0047.0029.0025.0026.0020.00-16.0016.0014.00
Price To Earnings Ratio27.5027.5022.0125.9018.1424.5830.2818.9515.71
Price To Sales Ratio5.375.344.384.424.566.636.234.563.66
Gross Margin32.5232.4431.0523.1037.1439.1834.7034.4634.55
Operating Margin32.5232.4431.0523.1037.1439.1834.7034.4634.55
Net Margin20.6823.5621.6015.0025.6426.9520.5324.0523.22
Shares Outstanding224.62224.42226.32225.68228.08240.16252.10257.90268.10
Market Capitalization73,658.6573,658.6553,098.5353,454.0357,049.6872,446.2460,349.3850,618.8240,726.77

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue3,526.003,465.002,998.002,974.003,103.003,110.002,993.003,024.00
Cost of Goods Sold Incl. D&A2,307.002,270.002,076.002,094.002,074.002,006.002,055.001,931.00
Gross Profit1,219.001,195.00922.00880.001,029.001,104.00938.001,093.00
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income1,219.001,195.00922.00880.001,029.001,104.00938.001,093.00
Interest Expense193.00197.00197.00195.00197.00201.00199.00199.00
Unusual Expense70.0072.0062.0054.0016.00-37.00-185.0027.00
Net Income Before Taxes987.00959.00715.00765.00924.00998.00978.00928.00
Income Taxes228.00225.00168.00121.00213.00230.00228.00195.00
Consolidated Net Income759.00733.00546.00643.00711.00767.00749.00732.00
Net Income From Continuing Operations759.00733.00546.00643.00711.00767.00749.00732.00
Net Income759.00733.00546.00643.00711.00767.00749.00732.00
EPS (Recurring)3.593.482.623.033.213.292.743.32
EPS (Basic, Before Extraordinaries)3.383.262.432.873.173.413.313.23
EPS (Diluted)3.373.262.432.873.163.413.313.23
EBITDA1,582.001,553.001,274.001,233.001,377.001,450.001,284.001,435.00
Non-Operating Income (Expense)31.0033.0052.00134.00108.0058.0054.0061.00
Other After Tax Adjustments0.00-1.00-1.00-1.000.00-1.00-1.00-1.00
Stock Option Compensation Expense20.0021.0018.008.0012.0014.0013.009.00
Price To Earnings Ratio27.5026.5122.5322.0220.3017.4820.4822.01
Price To Sales Ratio5.375.645.305.325.524.734.434.39
Gross Margin34.5734.4930.7529.5933.1635.5031.3436.14
Operating Margin34.5734.4930.7529.5933.1635.5031.3436.14
Net Margin21.5321.1518.2121.6222.9124.6625.0324.21
Shares Outstanding224.62224.61224.59224.42224.39224.61225.44226.32
Market Capitalization73,658.6570,655.0364,452.1670,652.0967,398.1957,706.6453,630.8953,098.53

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments1,530.001,641.001,568.00456.00839.001,115.00668.00358.00690.00
Short Term Receivables988.001,069.001,147.001,148.00976.00848.00920.001,009.00955.00
Inventories271.00277.00264.00253.00218.00221.00244.00207.00222.00
Other Current Assets409.00201.00292.00150.00134.00134.00249.00288.00282.00
Total Current Assets3,198.003,188.003,271.002,007.002,167.002,318.002,081.001,862.002,149.00
Net Property, Plant & Equipment36,697.0036,102.0033,716.0032,563.0032,064.0031,778.0032,153.0031,091.0030,330.00
Total Investments and Advances4,089.003,370.003,065.002,942.002,822.002,688.002,661.002,553.002,451.00
Long-Term Note Receivable---0.0023.0023.0023.0055.0039.00
Deferred Tax Assets367.00425.00539.00332.00401.00452.00459.00375.00322.00
Other Assets1,252.001,022.001,600.001,373.001,417.001,155.001,005.00678.00742.00
Total Assets45,603.0044,107.0042,191.0039,217.0038,894.0038,414.0038,382.0036,614.0036,033.00
Short Term Debt Incl. Current Port. of LT Debt677.00636.00109.00797.00635.00668.00413.00585.00700.00
Accounts Payable1,649.001,488.001,452.001,123.001,185.00834.001,216.001,292.001,214.00
Income Tax Payable340.00337.00262.00312.00305.00263.00229.00255.00211.00
Other Current Liabilities1,109.001,084.00809.00417.00396.00395.00442.00459.00420.00
Total Current Liabilities3,775.003,545.002,632.002,649.002,521.002,160.002,300.002,591.002,545.00
Long Term Debt17,162.0017,376.0017,996.0015,329.0014,152.0012,980.0012,601.0010,840.009,416.00
Provision for Risks Charges669.00664.00717.00728.00786.00854.00801.00744.00784.00
Deferred Tax Liabilities8,078.007,845.007,764.007,597.007,566.007,374.007,274.006,835.006,646.00
Other Liabilities372.00371.00301.00181.00228.00255.00222.00242.00283.00
Total Liabilities30,056.0029,801.0029,410.0026,484.0025,253.0023,623.0023,198.0021,252.0019,674.00
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity15,547.0014,306.0012,781.0012,733.0013,641.0014,791.0015,184.0015,362.0016,359.00
Total Shareholders Equity15,547.0014,306.0012,781.0012,733.0013,641.0014,791.0015,184.0015,362.0016,359.00
Accumulated Minority Interest0.000.000.000.000.000.000.000.000.00
Total Equity15,547.0014,306.0012,781.0012,733.0013,641.0014,791.0015,184.0015,362.0016,359.00
Total Liabilities & Stockholders Equity45,603.0044,107.0042,191.0039,217.0038,894.0038,414.0038,382.0036,614.0036,033.00
Book Value Per Share69.2863.2156.6355.8356.8058.6758.8757.3057.57
Tangible Book Value Per Share69.2863.2156.6355.8356.8058.6758.8757.3057.57
Full-Time Employees19,30019,60020,70019,30018,10019,100---
Price to Book Ratio4.403.854.244.385.244.053.302.613.26
Return on Assets6.406.074.488.377.775.237.257.3215.10
Return on Equity19.2319.3414.3024.7821.1213.4117.7916.7737.54
Return on Invested Capital8.778.275.9311.6510.807.249.7810.1520.95
Quick Ratio0.780.821.140.660.770.970.800.640.76
Current Ratio0.850.901.240.760.861.070.900.720.84

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income2,684.002,873.002,622.001,827.003,270.003,005.002,013.002,722.002,666.00
Depreciation1,426.001,393.001,353.001,298.001,221.001,181.001,154.001,139.001,104.00
Other Funds (Non Cash)-130.00-253.00-490.00-49.00-82.00-86.00445.00-42.00-171.00
Funds from Operations4,104.004,290.003,661.003,027.004,492.004,284.003,754.004,149.003,772.00
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-321.0071.00391.00152.00-270.00-29.00-117.00-257.00-46.00
Cash from Operating Activities3,783.004,361.004,052.003,179.004,222.004,255.003,637.003,892.003,726.00
Capital Expenditures-2,136.00-2,204.00-4,024.00-2,349.00-1,948.00-1,470.00-1,494.00-2,019.00-1,951.00
Net Assets From Acquisitions0.000.000.000.000.000.000.000.000.00
Sale of Fixed Assets and Businesses317.00164.00558.0086.00263.00159.00333.00377.00204.00
Purchase or Sale of Investments67.00-522.00686.0081.0082.0089.00-14.00-122.0089.00
Purchase of Investments-12.00-621.00-319.00-124.00-12.00-10.00-14.00-122.00-10.00
Sale Or Maturity of Investments79.0099.001,005.00205.0094.0099.000.000.0099.00
Other Uses0.000.000.000.000.000.000.000.000.00
Other Sources0.000.000.000.000.000.000.000.000.00
Cash from Investing Activities-1,752.00-2,562.00-2,780.00-2,182.00-1,603.00-1,222.00-1,175.00-1,764.00-1,658.00
Cash Dividends Paid-1,213.00-1,215.00-1,221.00-1,225.00-1,167.00-1,028.00-960.00-949.00-844.00
Change in Capital Stock-15.00-532.0026.00-619.00-3,114.00-3,373.00-1,370.00-2,072.00-2,741.00
Repurchase of Common Pref Stock-16.00-534.000.00-619.00-3,114.00-3,390.00-1,439.00-2,099.00-2,781.00
Sale of Common Pref Stock1.002.0026.000.000.0017.0069.0027.0040.00
Proceedsfrom Stock Options1.002.0026.000.000.0017.0069.0027.0040.00
Issuance or Reduction of Debt, Net-623.00-163.00-4.001,959.001,279.001,092.00403.001,004.001,273.00
Change in Long Term Debt-623.00-163.00-4.001,959.001,279.001,092.00403.001,004.001,273.00
Issuance of Long Term Debt0.00396.001,051.003,293.001,832.001,676.00784.002,192.002,023.00
Reduction of Long Term Debt-623.00-559.00-1,055.00-1,334.00-553.00-584.00-381.00-1,188.00-750.00
Net Financing Active Other Cash Flow0.000.000.000.000.000.000.0023.000.00
Other Financing Activities Uses0.000.000.000.000.000.000.000.000.00
Cash from Financing Activities-1,851.00-1,910.00-1,199.00115.00-3,002.00-3,309.00-1,927.00-1,994.00-2,312.00
Net Change in Cash180.00-111.0073.001,112.00-383.00-276.00535.00134.00-244.00
Free Cash Flow1,647.002,157.0028.00830.002,274.002,785.002,143.001,873.001,775.00
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow160.3469.05--52.4442.0451.5455.8045.01
Deferred Taxes & Investment Tax Credit-277.00176.00-49.0083.00184.00142.00330.00173.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments1,598.001,069.001,341.001,530.001,418.001,303.00
Short Term Receivables1,229.001,177.001,123.00988.001,102.001,123.00
Inventories353.00327.00312.00271.00297.00313.00
Other Current Assets145.00228.00248.00409.00219.00168.00
Total Current Assets3,325.002,801.003,024.003,198.003,036.002,907.00
Net Property, Plant & Equipment36,857.0036,626.0036,442.0036,697.0036,112.0035,921.00
Total Investments and Advances4,186.004,155.004,116.004,089.004,081.004,038.00
Deferred Tax Assets---367.00--
Other Assets1,581.001,540.001,531.001,252.001,351.001,289.00
Total Assets45,949.0045,122.0045,113.0045,603.0044,580.0044,155.00
Short Term Debt Incl. Current Port. of LT Debt649.00649.00609.00677.00607.00903.00
Accounts Payable2,064.001,783.001,695.001,649.001,657.001,504.00
Income Tax Payable236.00218.00320.00340.00227.00223.00
Other Current Liabilities732.00720.00711.001,109.001,033.001,037.00
Total Current Liabilities3,681.003,370.003,335.003,775.003,524.003,667.00
Long Term Debt15,964.0015,967.0016,492.0017,162.0016,476.0016,464.00
Provision for Risks Charges0.000.000.00669.000.000.00
Deferred Tax Liabilities7,872.007,818.007,758.008,078.007,734.007,529.00
Other Liabilities1,702.001,714.001,724.00372.001,705.001,708.00
Total Liabilities29,219.0028,869.0029,309.0030,056.0029,439.0029,368.00
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity16,730.0016,253.0015,804.0015,547.0015,141.0014,787.00
Total Shareholders Equity16,730.0016,253.0015,804.0015,547.0015,141.0014,787.00
Accumulated Minority Interest0.000.000.000.000.000.00
Total Equity16,730.0016,253.0015,804.0015,547.0015,141.0014,787.00
Total Liabilities & Stockholders Equity45,949.0045,122.0045,113.0045,603.0044,580.0044,155.00
Book Value Per Share74.4872.3670.3769.2867.4865.83
Tangible Book Value Per Share74.4872.3670.3769.2867.4865.83
Full-Time Employees---19,300--
Price to Book Ratio4.404.474.144.284.563.98
Return on Assets5.925.906.006.406.747.72
Return on Equity16.8216.9717.6019.2320.4624.11
Return on Invested Capital2.322.271.691.972.252.45
Quick Ratio0.810.730.810.780.780.71
Current Ratio0.900.830.910.850.860.79

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income759.00734.00547.00644.00711.00768.00
Depreciation363.00358.00352.00353.00348.00346.00
Other Funds (Non Cash)-1.00-1.00-17.00-111.00-85.00-34.00
Funds from Operations1,175.001,151.00930.00848.001,180.001,132.00
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital147.00-97.00-586.00215.0091.00-55.00
Cash from Operating Activities1,322.001,054.00344.001,063.001,271.001,077.00
Capital Expenditures-586.00-439.00-382.00-729.00-551.00-475.00
Net Assets From Acquisitions0.000.000.000.000.000.00
Sale of Fixed Assets and Businesses96.0015.00162.0044.0054.0048.00
Purchase or Sale of Investments11.008.007.0041.0014.0013.00
Purchase of Investments-1.00-2.00-3.00-6.00-2.00-4.00
Sale Or Maturity of Investments12.0010.0010.0047.0016.0017.00
Other Uses0.000.000.000.000.000.00
Other Sources0.000.000.000.000.000.00
Cash from Investing Activities-479.00-416.00-213.00-644.00-483.00-414.00
Cash Dividends Paid-304.00-303.00-303.00-303.00-303.00-303.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock1.00-1.00-16.001.00-69.00-207.00
Repurchase of Common Pref Stock-11.0011.00-16.000.00-70.00-207.00
Sale of Common Pref Stock12.00-12.000.001.001.000.00
Proceedsfrom Stock Options12.00-12.000.001.001.000.00
Issuance or Reduction of Debt, Net-11.00-606.00-1.00-5.00-301.00144.00
Change in Long Term Debt-11.00-606.00-1.00-5.00-301.00144.00
Issuance of Long Term Debt0.000.000.000.000.00396.00
Reduction of Long Term Debt-11.00-606.00-1.00-5.00-301.00-252.00
Net Financing Active Other Cash Flow0.000.000.000.000.000.00
Other Financing Activities Uses0.000.000.000.000.000.00
Cash from Financing Activities-314.00-910.00-320.00-307.00-673.00-366.00
Net Change in Cash529.00-272.00-189.00112.00115.00297.00
Free Cash Flow736.00615.00-38.00334.00720.00602.00
Price to Free Cash Flow160.34168.93159.0568.7876.6271.63

Revenue breakdown

United States2024: 12.12B 2025: 12.18B
Coal2024: 1.61B 2025: 1.49B
Intermodal2024: 3.04B 2025: 3.01B
Merchandise2024: 7.47B 2025: 7.68B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-302.63%5.9M224.4M1.02M
2026-10-153.18%7.1M224.4M1.09M
2026-09-303.19%7.2M224.4M1.12M
2026-09-153.40%7.6M224.4M1.18M
2026-08-312.56%5.7M224.4M1.14M
2026-08-143.25%7.3M224.4M1.19M
2026-07-313.40%7.6M224.4M1.17M
2026-07-153.68%8.3M224.4M1.13M
2026-06-303.80%8.5M224.4M1.25M
2026-06-153.66%8.2M224.2M1.23M
2026-05-293.64%8.2M224.4M1.31M
2026-05-153.20%7.2M224.4M1.31M
2026-04-304.33%9.7M224.5M1.36M
2026-04-153.53%8.6M244.7M1.37M
2026-03-313.77%8.5M224.4M1.28M
2026-03-133.89%8.7M224.4M1.23M
2026-02-274.74%10.6M224.4M1.25M
2026-02-134.64%10.4M224.4M1.28M
2026-01-303.63%8.9M244.6M1.24M
2026-01-153.79%9.3M244.6M1.23M

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call190137.4141.80.002.2630.000.000.991-0.1110.012
call195132.4136.80.002.1710.000.000.967-0.4280.038
call200127.1131.80.002.1660.000.000.965-0.4250.039
call210117.1121.80.001.9710.000.000.962-0.4180.042
call220107.2111.80.001.8180.000.000.959-0.4110.045
call23097.20101.80.001.5500.000.000.955-0.4020.049
call24087.2091.900.001.5090.000.000.950-0.3930.053
call25077.2081.600.001.3550.000.000.945-0.3830.057
call26067.2071.900.001.2040.000.000.939-0.3710.062
call27057.3061.900.001.0060.000.000.931-0.3570.069
call28048.6052.000.000.9210.000.000.920-0.3410.076
call29038.7041.9029.920.7841.000.000.907-0.3220.086
call30029.0032.4022.020.6611.000.000.845-0.4410.123
call31018.4022.8031.600.5044.000.000.802-0.3990.144
call3209.0013.508.700.4061700.000.697-0.4070.180
call3302.505.603.550.2765280.000.504-0.3350.206
call3400.051.550.050.2452221.000.237-0.2410.160
call3500.000.650.850.3481460.000.145-0.2300.123
call3600.002.150.250.3761680.000.082-0.1700.079
call3700.002.150.550.4643.000.000.064-0.1680.065
call3800.002.150.000.5470.000.000.056-0.1780.058
call3900.002.150.000.6430.000.000.049-0.1860.052
call4000.002.150.000.7240.000.000.044-0.1930.048
call4100.002.150.000.7860.000.000.041-0.1980.046
call4200.002.150.000.8530.000.000.038-0.2040.043
call4300.002.150.000.9180.000.000.036-0.2080.041
call4400.002.150.000.9800.000.000.034-0.2130.039
call4500.002.150.001.0420.000.000.033-0.2170.038
call4600.002.150.351.0985.000.000.031-0.2200.036
put1900.000.250.001.4780.000.00-0.009-0.0960.013
put1950.002.150.001.9920.000.00-0.033-0.4200.038
put2000.002.150.001.9100.000.00-0.034-0.4170.039
put2100.002.150.001.5080.000.00-0.024-0.2380.029
put2200.002.150.001.5340.000.00-0.039-0.3650.043
put2300.002.150.001.4180.000.00-0.046-0.3850.050
put2400.002.150.001.2710.000.00-0.051-0.3740.054
put2500.002.150.351.1388.000.00-0.056-0.3630.058
put2600.002.150.850.94618.000.00-0.053-0.2870.056
put2700.002.150.100.9001110.00-0.069-0.3420.069
put2800.002.200.300.77082.000.00-0.079-0.3250.076
put2900.051.500.350.6421,4522.00-0.093-0.3050.086
put3000.002.350.850.6201150.00-0.155-0.4210.123
put3100.203.301.190.5132850.00-0.210-0.4200.149
put3200.003.902.900.38399.000.00-0.300-0.3760.180
put3302.406.101.900.3021.000.00-0.495-0.3020.206
put3409.9012.804.500.3282.000.00-0.752-0.2290.164
put35018.6021.908.950.36310.000.00-0.893-0.1370.095
put36028.4033.000.000.5810.000.00-0.920-0.1430.077
put37038.4043.000.000.6920.000.00-0.936-0.1430.064
put38048.4053.000.000.7960.000.00-0.944-0.1510.058
put39058.4063.000.000.8930.000.00-0.950-0.1580.053
put40068.4073.000.000.9850.000.00-0.954-0.1640.049
put41078.4083.000.001.0730.000.00-0.958-0.1690.046
put42088.4093.000.001.1570.000.00-0.961-0.1730.044
put43098.401030.001.2370.000.00-0.963-0.1770.041
put440108.41130.001.3140.000.00-0.965-0.1800.040
put450118.41230.001.3880.000.00-0.967-0.1830.038
put460128.41330.001.4600.000.00-0.968-0.1860.037

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-10-264Statement of changes in beneficial ownership of securities2026-10-24SEC
2026-10-264Statement of changes in beneficial ownership of securities2026-10-24SEC
2026-10-2210-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-10-228-KCurrent report2026-10-22SEC
2026-10-094Statement of changes in beneficial ownership of securities2026-10-08SEC
2026-10-024Statement of changes in beneficial ownership of securities2026-09-30SEC
2026-10-024Statement of changes in beneficial ownership of securities2026-09-30SEC
2026-09-154Statement of changes in beneficial ownership of securities2026-09-13SEC
2026-08-244Statement of changes in beneficial ownership of securities2026-08-20SEC
2026-08-244Statement of changes in beneficial ownership of securities2026-08-20SEC
2026-08-244Statement of changes in beneficial ownership of securities2026-08-20SEC
2026-08-244Statement of changes in beneficial ownership of securities2026-08-20SEC
2026-08-244Statement of changes in beneficial ownership of securities2026-08-20SEC
2026-08-244Statement of changes in beneficial ownership of securities2026-08-20SEC
2026-08-244Statement of changes in beneficial ownership of securities2026-08-20SEC
2026-08-244Statement of changes in beneficial ownership of securities2026-08-20SEC
2026-08-244Statement of changes in beneficial ownership of securities2026-08-20SEC
2026-08-244Statement of changes in beneficial ownership of securities2026-08-20SEC
2026-08-244Statement of changes in beneficial ownership of securities2026-08-20SEC
2026-07-294Statement of changes in beneficial ownership of securities2026-07-27SEC
2026-07-2310-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-07-238-KCurrent report2026-07-23SEC
2026-07-014Statement of changes in beneficial ownership of securities2026-06-30SEC
2026-07-014Statement of changes in beneficial ownership of securities2026-06-30SEC
2026-06-2511-KAnnual reports of employee stock purchase, savings and similar plans pursuant to Section 15(d)2025-12-31SEC
2026-06-2511-KAnnual reports of employee stock purchase, savings and similar plans pursuant to Section 15(d)2025-12-31SEC
2026-06-093Initial statement of beneficial ownership of securities2026-06-01SEC
2026-06-018-KCurrent report2026-05-31SEC
2026-05-224Statement of changes in beneficial ownership of securities2026-05-20SEC
2026-05-224Statement of changes in beneficial ownership of securities2026-05-20SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-070000
2026-060000
2026-050000
2026-040000
2026-030000
2026-020000
2026-010000
2025-1260.14K100
2025-11466.90K1253.44K1

Institutional holders

Manager% owned
BlackRock, Inc.7.12%
VANGUARD CAPITAL MANAGEMENT LLC6.53%
STATE STREET CORP4.56%
VANGUARD PORTFOLIO MANAGEMENT LLC3.21%
MILLENNIUM MANAGEMENT LLC2.32%
GEODE CAPITAL MANAGEMENT, LLC2.31%
BANK OF AMERICA CORP /DE/1.39%
NORGES BANK1.35%
Pentwater Capital Management LP1.24%
NORTHERN TRUST CORP1.16%

Funds

Fund% owned
VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND12.16%
VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND12.08%
Baird Core Plus Bond Fund8.01%
VANGUARD TOTAL BOND MARKET INDEX FUND7.60%
Baird Aggregate Bond Fund7.57%
VANGUARD INTERMEDIATE-TERM BOND INDEX FUND7.11%
Bond Fund of America6.68%
Brookfield Infrastructure Income Fund Inc.6.22%
Columbia Select Corporate Income Fund5.95%
American Funds Strategic Bond Fund5.88%

OakChart. NSC. Cached 15 minutes.