Latest period
$2.88B
YoY change
-7.4%
5Y CAGR
+8.1%
Peak year (2015)
$2.38B
Cumulative CapEx
$50.65B
CapEx history chart for Norfolk Southern (NSC) from 1989 to 2025
Latest: $2.20B
CapEx growth chart for Norfolk Southern (NSC) from 1989 to 2025
Latest: -7.4%
CapEx history table for Norfolk Southern (NSC) from 1989 to 2025
| 2025 | $2.20B | -7.4% | −$177.00M | ||
| 2024 | $2.38B | +1.4% | +$32.00M | ||
| 2023 | $2.35B | +20.6% | +$401.00M | ||
| 2022 | $1.95B | +32.5% | +$478.00M | ||
| 2021 | $1.47B | -1.6% | −$24.00M | ||
| 2020 | $1.49B | -26.0% | −$525.00M | ||
| 2019 | $2.02B | +3.5% | +$68.00M | ||
| 2018 | $1.95B | +13.2% | +$228.00M | ||
| 2017 | $1.72B | -8.7% | −$164.00M | ||
| 2016 | $1.89B | -20.9% | −$498.00M | ||
| 2015 | $2.38B | +12.6% | +$267.00M | ||
| 2014 | $2.12B | +7.5% | +$147.00M | ||
| 2013 | $1.97B | -12.0% | −$270.00M | ||
| 2012 | $2.24B | +3.8% | +$81.00M | ||
| 2011 | $2.16B | +46.9% | +$690.00M | ||
| 2010 | $1.47B | +13.2% | +$171.00M | ||
| 2009 | $1.30B | -16.6% | −$259.00M | ||
| 2008 | $1.56B | +16.2% | +$217.00M | ||
| 2007 | $1.34B | +13.8% | +$163.00M | ||
| 2006 | $1.18B | +14.9% | +$153.00M | ||
| 2005 | $1.02B | -1.5% | −$16.00M | ||
| 2004 | $1.04B | +44.6% | +$321.00M | ||
| 2003 | $720.00M | +4.5% | +$31.00M | ||
| 2002 | $689.00M | -7.6% | −$57.00M | ||
| 2001 | $746.00M | +2.1% | +$15.00M | ||
| 2000 | $731.00M | -19.8% | −$181.00M | ||
| 1999 | $912.00M | -4.6% | −$44.00M | ||
| 1998 | $956.00M | +9.3% | +$81.00M | ||
| 1997 | $875.00M | +27.1% | +$186.80M | ||
| 1996 | $688.20M | +4.4% | +$29.30M | ||
| 1995 | $658.90M | -7.6% | −$54.00M | ||
| 1994 | $712.90M | +6.5% | +$43.70M | ||
| 1993 | $669.20M | -6.5% | −$46.90M | ||
| 1992 | $716.10M | +8.6% | +$56.70M | ||
| 1991 | $659.40M | -1.5% | −$10.30M | ||
| 1990 | $669.70M | +2.8% | +$18.10M | ||
| 1989 | $651.60M | — | — |
- 2025$2.20B-7.4%
- 2024$2.38B+1.4%
- 2023$2.35B+20.6%
- 2022$1.95B+32.5%
- 2021$1.47B-1.6%
- 2020$1.49B-26.0%
- 2019$2.02B+3.5%
- 2018$1.95B+13.2%
- 2017$1.72B-8.7%
- 2016$1.89B-20.9%
- 2015$2.38B+12.6%
- 2014$2.12B+7.5%
- 2013$1.97B-12.0%
- 2012$2.24B+3.8%
- 2011$2.16B+46.9%
- 2010$1.47B+13.2%
- 2009$1.30B-16.6%
- 2008$1.56B+16.2%
- 2007$1.34B+13.8%
- 2006$1.18B+14.9%
- 2005$1.02B-1.5%
- 2004$1.04B+44.6%
- 2003$720.00M+4.5%
- 2002$689.00M-7.6%
- 2001$746.00M+2.1%
- 2000$731.00M-19.8%
- 1999$912.00M-4.6%
- 1998$956.00M+9.3%
- 1997$875.00M+27.1%
- 1996$688.20M+4.4%
- 1995$658.90M-7.6%
- 1994$712.90M+6.5%
- 1993$669.20M-6.5%
- 1992$716.10M+8.6%
- 1991$659.40M-1.5%
- 1990$669.70M+2.8%
- 1989$651.60M—
CapEx values are taken from Norfolk Southern's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at Norfolk Southern (NSC)
According to Norfolk Southern's latest reported financial statements, the company's current CapEx (TTM) is $2.88B. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, Norfolk Southern (NSC) reported CapEx of $2.20B – declined 7.4% year-over-year.
Across 2020–2025 (5 years), Norfolk Southern CapEx produced a CAGR of +8.1% – with mixed annual results across the window.
Norfolk Southern CapEx peaked at $2.38B in 2015; the latest annual figure is $2.20B in 2025 (7.6% below peak).
Across the available history, CapEx reached its high of $2.38B in 2015 and its low of $651.60M in 1989.
Norfolk Southern Capital Expenditures by Year
Norfolk Southern Capital Expenditures 2025: $2.20B
2025's CapEx for Norfolk Southern came in at $2.20B, declined 7.4% below 2024.
Norfolk Southern Capital Expenditures 2024: $2.38B
Norfolk Southern posted CapEx of $2.38B in 2024, edged up 1.4% from 2023.
Norfolk Southern Capital Expenditures 2023: $2.35B
In 2023, Norfolk Southern reported CapEx of $2.35B, grew 20.6% from 2022.
Norfolk Southern Capital Expenditures 2022: $1.95B
Norfolk Southern CapEx in 2022 was $1.95B, surged 32.5% from 2021.
Norfolk Southern Capital Expenditures 2021: $1.47B
Norfolk Southern CapEx in 2021 was $1.47B.
See more financial history for Norfolk Southern (NSC).
Sector peers by CapEx
Industrials peers of Norfolk Southern (NSC), ranked by their latest CapEx
| $20.74B | |
| $4.23B | |
| $3.79B | |
| $2.94B | |
| $2.63B | |
| $1.47B | |
| $1.27B | |
| $0.00 |
- $20.74B
- $4.23B
- $3.79B
- $2.94B
- $2.63B
- $1.47B
- $1.27B
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