NORFOLK SOUTHERN CORP(NSC)— Stock Profile, AI Score & Financials
Industrials · NYSE · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
NORFOLK SOUTHERN CORP (NSC) stock profile, AI quality score, and SEC EDGAR financial data, a Industrials sector company. 13F Pro's AI-powered ranking engine scores NSC at 63.2/100 on a 32-signal composite quality model, placing it at rank #648 of 2,960 stocks — the top 25% of the AI-ranked universe. NSC scores in the top quartile across revenue scale (88.4). Areas of concern include revenue growth (31.5), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), NORFOLK SOUTHERN CORP reports quarterly revenue of $3.5B, net income of $734.0M, an operating margin of 32.4%. Top institutional holders of NSC by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. NSC trades on the NYSE exchange and files with the SEC under CIK 702165. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NSC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for NORFOLK SOUTHERN CORP directly from SEC EDGAR.
AI Quality Score
63.2/100
AI Rank
#648
Revenue
$3.5B
Net Income
$734.0M
Free Cash Flow
$615.0M
Operating Margin
32.4%
NSC key financials by period
NORFOLK SOUTHERN CORP reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$12.2B
$2.9B
35.8%
FY 2024
10-K
$12.1B
$2.6B
33.6%
FY 2023
10-K
$12.2B
$1.8B
23.4%
FY 2022
10-K
$12.7B
$3.3B
37.7%
FY 2021
10-K
$11.1B
$3.0B
39.9%
FY 2020
10-K
$9.8B
$2.0B
30.7%
Institutions holding NSC
Institutional investors reporting a position in NORFOLK SOUTHERN CORP on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-07-23 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Norfolk Southern grew Q2 revenue 11% YoY to $3.465B on strong intermodal and chemicals volume, but net income fell 4% to $734M as fuel expense surged 85% and merger-related costs and the absence of prior-year Eastern Ohio insurance recoveries weighed on results.
Biggest Revenue Drivers
Merchandise$2,133M+8% YoY
Higher average revenue per unit driven by increased fuel surcharge revenue and pricing, plus higher volume
Intermodal$908M+22% YoY
Higher average revenue per unit from fuel surcharge and pricing, plus 11% domestic volume growth on freight demand and constrained truck capacity
Biggest Revenue Drivers
Total revenue: $3,465M+11% YoY
Merchandise$2,133M+8% YoY
Higher average revenue per unit driven by increased fuel surcharge revenue and pricing, plus higher volume
Within Merchandise
Chemicals$646M+18% YoY
Higher shipments of natural gas liquids, sand, and petroleum products on increased domestic and export demand
Intermodal$908M+22% YoY
Higher average revenue per unit from fuel surcharge and pricing, plus 11% domestic volume growth on freight demand and constrained truck capacity
Coal$424M+7% YoY
Higher volumes and increased fuel surcharge revenue, led by 25% growth in export tonnage on global demand
Largest Expense Items
Compensation and benefits$744M+8% YoY
Higher pay rates, incentive and stock-based compensation, and overtime, partly offset by lower headcount
Purchased services$435M+6% YoY
Higher technology-related costs, elevated intermodal and automotive operations expenses, and increased Conrail expenses
Fuel$405M+85% YoY
Higher locomotive fuel prices
Merger-related expenses$51M
Employee retention agreements, third-party advisor fees, and legal services tied to the proposed Union Pacific merger
Margins: Operating ratio worsened to 67.6% from 62.2% a year ago, driven by the absence of prior-year Eastern Ohio insurance recoveries, higher fuel prices, merger-related expenses, and inflation, partially offset by higher revenue per unit and volume.
Watch Items from the Filing
Pending Union Pacific merger requires STB approval; either party owes a $2.5 billion termination fee if the deal falls through under specified circumstances, and NS has suspended share repurchases under the merger agreement.
Eastern Ohio incident: final $285 million class-action settlement payment made in March 2026 after Supreme Court denied certiorari; $186 million in incident-related accruals and $185 million in environmental liabilities remain on the balance sheet.
Fuel expense rose 85% YoY to $405 million on higher locomotive fuel prices, and the company expects fuel expense to keep rising versus prior year based on current commodity prices.
International intermodal volume declined 3% YoY as the prior year benefited from elevated volume tied to anticipated tariff changes, signaling potential trade-policy-driven demand volatility.
DOJ-negotiated Consent Decree for the Eastern Ohio incident (civil penalty plus oversight costs) remains pending court approval, with proceedings stayed in March 2026 pending additional discovery after third parties intervened.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
