NSC

Norfolk Southern
D

NSC

Arincen60/100B

Norfolk Southern free cash flow 1989–2026

Norfolk Southern's free cash flow in Q3 FY2026, the three months to 30 September 2026, was 736.00M USD, up 2.2% on the same quarter a year before. Norfolk Southern's free cash flow over the last twelve months was 1.65B USD, down 21.5% on the twelve months before. In fiscal year 2025 it was 2.16B USD, up 29.1% on the year before.

Last updated 8 Nov 2026 · Next report 28 Jan 2027

Free cash flow

Free cash flow · +15.9% a year over 10 yearsFree cash flow margin

Growth

Fiscal yearPeriod endingFree cash flowGrowthFree cash flow marginOperating cash flowCapital expenditureFree cash flow per share
TTM30 Sept 20261.65B-21.53%12.71%3.78B-2.14B7.32
FY202531 Dec 20252.16B+29.08%17.71%4.36B-2.20B9.60
FY202431 Dec 20241.67B+101.33%13.78%4.05B-2.38B7.38
FY202331 Dec 2023830.00M-63.50%6.83%3.18B-2.35B3.65
FY202231 Dec 20222.27B-18.35%17.84%4.22B-1.95B9.65
FY202131 Dec 20212.79B+29.96%25.00%4.26B-1.47B11.23
FY202031 Dec 20202.14B+14.42%21.89%3.64B-1.49B8.35
FY201931 Dec 20191.87B+5.52%16.58%3.89B-2.02B7.05
FY201831 Dec 20181.78B+16.01%15.49%3.73B-1.95B6.33
FY201731 Dec 20171.53B+33.39%14.50%3.25B-1.72B5.27
FY201631 Dec 20161.15B+133.13%11.60%3.03B-1.89B3.88
FY201531 Dec 2015492.00M-32.97%4.68%2.88B-2.39B1.62
FY201431 Dec 2014734.00M-33.69%6.31%2.85B-2.12B2.35
FY201331 Dec 20131.11B+34.34%9.84%3.08B-1.97B3.51
FY201231 Dec 2012824.00M-22.77%7.46%3.07B-2.24B2.53
FY201131 Dec 20111.07B-14.23%9.55%3.23B-2.16B3.04
FY201031 Dec 20101.24B+121.75%13.07%2.71B-1.47B3.35
FY200931 Dec 2009561.00M-51.51%7.04%1.86B-1.30B1.51
FY200831 Dec 20081.16B+16.63%10.85%2.72B-1.56B3.04
FY200731 Dec 2007992.00M-3.50%10.52%2.33B-1.34B2.49
FY200631 Dec 20061.03B-4.81%10.93%2.21B-1.18B2.48
FY200531 Dec 20051.08B+74.19%12.67%2.11B-1.03B2.62
FY200431 Dec 2004620.00M+85.63%8.48%1.66B-1.04B1.55
FY200331 Dec 2003334.00M+192.98%5.16%1.05B-720.00M0.86
FY200231 Dec 2002114.00M—1.82%803.00M-689.00M0.29
FY200131 Dec 2001-92.00M-115.06%-1.49%654.00M-746.00M-0.24
FY200031 Dec 2000611.00M—9.92%1.34B-731.00M1.60
FY199931 Dec 1999-379.00M—-7.30%533.00M-912.00M-1.00
FY199831 Dec 1998-66.00M-124.00%-1.56%890.00M-956.00M-0.17
FY199731 Dec 1997275.00M-46.76%6.51%1.15B-875.00M0.72
FY199631 Dec 1996516.50M-10.72%10.83%1.20B-688.20M1.35
FY199531 Dec 1995578.50M+34.10%12.39%1.24B-658.90M1.46
FY199431 Dec 1994431.40M+110.03%9.42%1.14B-712.90M1.06
FY199331 Dec 1993205.40M-15.16%4.61%874.60M-669.20M0.49
FY199231 Dec 1992242.10M+135.05%5.26%958.20M-716.10M0.56
FY199131 Dec 1991103.00M-68.31%2.31%762.40M-659.40M0.24
FY199031 Dec 1990325.00M-28.67%7.04%994.70M-669.70M0.68
FY198931 Dec 1989455.60M—10.04%1.11B-651.60M0.87

Figures in USD. Free cash flow is operating cash flow less capital expenditure; owner earnings take off only the spending that keeps the business as it is, not the spending to grow it (an estimate by Financial Modeling Prep). Quarterly growth is on the same quarter a year before; TTM is the last four quarters.

See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Total debt,Stock buybacks,Cash flow

Common questions about Norfolk Southern's free cash flow

Source: Financial Modeling Prep