Norfolk Southern Corp
Research Norfolk Southern Corp (NSC) on Bullrun: valuation model: 5.3% overvalued, market cap USD 71.73B, P/E 27.3, dividend yield 1.7%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerNSC
- ExchangeNYSE
- CountryUnited States
- SectorIndustrials
- IndustryRailroads
- CurrencyUSD
- Valuation signal5.3% overvalued
- Market capUSD 71.73B
- P/E27.3
- Dividend yield1.7%
- Financial periodQ2 2026
- RevenueUSD 3.47B
- Net incomeUSD 734.00M
- Free cash flowUSD 615.00M
- Gross margin37.4%
Valuation Snapshot
Bullrun's latest valuation model marks Norfolk Southern Corp as 5.3% overvalued; latest market cap is USD 71.73B; P/E is 27.3; dividend yield is 1.7%.
Peer valuation comparison
Latest P/E is 27.26x versus a Industrials sector median of 21.18x (28.7% above).
Latest dividend yield is 1.69% versus a Industrials sector median of 2.27% (25.6% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 12.18B | USD 2.87B | USD 2.16B | 36.3% | 12.75 | USD 1.53B | USD 607.00M | USD 15.55B |
| FY2024 | USD 12.12B | USD 2.62B | USD 1.67B | 37.5% | 11.57 | USD 1.64B | USD 555.00M | USD 14.31B |
| FY2023 | USD 12.16B | USD 1.83B | USD 852.00M | 36.5% | 8.02 | USD 1.57B | USD 4.00M | USD 12.78B |
| FY2022 | USD 12.75B | USD 3.27B | USD 2.27B | 41.1% | 13.88 | USD 456.00M | USD 703.00M | USD 12.73B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-12 | USD 71.73B | 27.3 | 1.7% | 5.4 |
| 2025 | 2025-12-31 | USD 64.79B | 22.7 | 1.9% | 5.4 |
| 2024 | 2024-12-31 | USD 53.12B | 20.3 | 2.3% | 5.4 |
| 2023 | 2023-12-29 | USD 53.45B | 25.9 | 2.3% | 5.4 |
| 2022 | 2022-12-30 | USD 57.05B | 18.1 | 2.0% | 4.96 |
| 2021 | 2021-12-31 | USD 71.50B | 24.6 | 1.4% | 4.16 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 5.4 USD, yield 1.7%.
| Year | Dividends/share |
|---|---|
| FY2025 | 5.4 USD |
| FY2024 | 5.4 USD |
| FY2023 | 5.4 USD |
| FY2022 | 4.96 USD |
About Norfolk Southern Corp
Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods;
ETFs that hold Norfolk Southern Corp
Norfolk Southern Corp is one of the ten largest holdings of 3 ETFs that investors in Europe can buy, most traded first:
| ETF | Weight | TER |
|---|---|---|
| Global X U.S. Infrastructure Development UCITS ETF USD Acc | 3.17% | 0.47% |
| Global X U.S. Infrastructure Development UCITS ETF USD Dis | 3.38% | 0.47% |
| Global X S&P 500 Annual Buffer UCITS ETF | 4.74% | 0.50% |
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Frequently asked questions
Is Norfolk Southern Corp overvalued or undervalued?
Bullrun's valuation model currently marks Norfolk Southern Corp as 5.3% overvalued.
What is Norfolk Southern Corp's market cap?
Norfolk Southern Corp's market capitalization is USD 71.73B.
What is Norfolk Southern Corp's P/E ratio?
Norfolk Southern Corp's price-to-earnings (P/E) ratio is 27.3.
Does Norfolk Southern Corp pay a dividend?
Norfolk Southern Corp has a dividend yield of 1.7%.
What does Norfolk Southern Corp do?
Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States.