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Norfolk Southern Overview
About Norfolk Southern
Class I railroad Norfolk Southern operates in the Eastern United States. On more than 20,000 miles of track, the rail hauls shipments of coal, intermodal traffic, and a diverse mix of automotive, agricultural, metal, chemical, and forest products.
Founded
1980
HQ
Employees
19.3K
Website
Sectors
Financials (LTM)
EV
$87B
Norfolk Southern Financials
Norfolk Southern reported last 12-month revenue of $12B and EBITDA of $6B.
In the same LTM period, Norfolk Southern generated $6B in EBITDA and $3B in net income.
Revenue (LTM)
Norfolk Southern P&L
In the most recent fiscal year, Norfolk Southern reported revenue of $12B and EBITDA of $6B.
Norfolk Southern expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $12B | XXX | $12B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $4B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 36% | XXX | XXX | XXX |
| EBITDA | $6B | XXX | $6B | XXX | XXX | XXX |
| EBITDA Margin | 46% | XXX | 48% | XXX | XXX | XXX |
| EBIT Margin | 35% | XXX | 38% | XXX | XXX | XXX |
| Net Profit | $3B | XXX | $3B | XXX | XXX | XXX |
| Net Margin | 23% | XXX | 24% | XXX | XXX | XXX |
| Net Debt | — | — | $16B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Norfolk Southern Stock Performance
Norfolk Southern has current market cap of $71B, and enterprise value of $87B.
Market Cap Evolution
Norfolk Southern's stock price is $317.47.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $87B | $71B | 0.0% | XXX | XXX | XXX | $12.79 |
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Start Free TrialNorfolk Southern Valuation Multiples
Norfolk Southern trades at 7.1x EV/Revenue multiple, and 15.3x EV/EBITDA.
EV / Revenue (LTM)
Norfolk Southern Financial Valuation Multiples
As of March 31, 2026, Norfolk Southern has market cap of $71B and EV of $87B.
Equity research analysts estimate Norfolk Southern's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Norfolk Southern has a P/E ratio of 25.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $71B | XXX | $71B | XXX | XXX | XXX |
| EV (current) | $87B | XXX | $87B | XXX | XXX | XXX |
| EV/Revenue | 7.1x | XXX | 7.1x | XXX | XXX | XXX |
| EV/EBITDA | 15.3x | XXX | 14.9x | XXX | XXX | XXX |
| EV/EBIT | 20.4x | XXX | 19.0x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 19.7x | XXX | XXX | XXX |
| P/E | 25.5x | XXX | 24.8x | XXX | XXX | XXX |
| EV/FCF | 39.4x | XXX | 39.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Norfolk Southern Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Norfolk Southern Margins & Growth Rates
Norfolk Southern's revenue in the last 12 month grew by 3%.
Norfolk Southern's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $-0.0M for the same period.
Norfolk Southern's rule of 40 is 48% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Norfolk Southern's rule of X is 52% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Norfolk Southern Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | 46% | XXX | 48% | XXX | XXX | XXX |
| EBITDA Growth | 2% | XXX | (3%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 48% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 52% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $-0.0M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | (1%) | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | (1%) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Norfolk Southern Public Comps
See public comps and valuation multiples for other Railways comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Cummins | XXX | XXX | XXX | XXX | XXX | XXX |
| CSX | XXX | XXX | XXX | XXX | XXX | XXX |
| CPKC | XXX | XXX | XXX | XXX | XXX | XXX |
| Wabtec | XXX | XXX | XXX | XXX | XXX | XXX |
| Beijing-Shanghai High Speed Railway | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Norfolk Southern M&A Activity
Norfolk Southern acquired XXX companies to date.
Last acquisition by Norfolk Southern was on XXXXXXXX, XXXXX. Norfolk Southern acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Norfolk Southern
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialNorfolk Southern Investment Activity
Norfolk Southern invested in XXX companies to date.
Norfolk Southern made its latest investment on XXXXXXXX, XXXXX. Norfolk Southern invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Norfolk Southern
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Norfolk Southern
| When was Norfolk Southern founded? | Norfolk Southern was founded in 1980. |
| Where is Norfolk Southern headquartered? | Norfolk Southern is headquartered in United States. |
| How many employees does Norfolk Southern have? | As of today, Norfolk Southern has over 19K employees. |
| Who is the CEO of Norfolk Southern? | Norfolk Southern's CEO is Mark R. George. |
| Is Norfolk Southern publicly listed? | Yes, Norfolk Southern is a public company listed on NYSE. |
| What is the stock symbol of Norfolk Southern? | Norfolk Southern trades under NSC ticker. |
| When did Norfolk Southern go public? | Norfolk Southern went public in 1982. |
| Who are competitors of Norfolk Southern? | Norfolk Southern main competitors are Cummins, CSX, CPKC, Wabtec. |
| What is the current market cap of Norfolk Southern? | Norfolk Southern's current market cap is $71B. |
| What is the current revenue of Norfolk Southern? | Norfolk Southern's last 12 months revenue is $12B. |
| What is the current revenue growth of Norfolk Southern? | Norfolk Southern revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of Norfolk Southern? | Current revenue multiple of Norfolk Southern is 7.1x. |
| Is Norfolk Southern profitable? | Yes, Norfolk Southern is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Norfolk Southern? | Norfolk Southern's last 12 months EBITDA is $6B. |
| What is Norfolk Southern's EBITDA margin? | Norfolk Southern's last 12 months EBITDA margin is 46%. |
| What is the current EV/EBITDA multiple of Norfolk Southern? | Current EBITDA multiple of Norfolk Southern is 15.3x. |
| What is the current FCF of Norfolk Southern? | Norfolk Southern's last 12 months FCF is $2B. |
| What is Norfolk Southern's FCF margin? | Norfolk Southern's last 12 months FCF margin is 18%. |
| What is the current EV/FCF multiple of Norfolk Southern? | Current FCF multiple of Norfolk Southern is 39.4x. |
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