EBITDA for Norfolk Southern (NSC)
According to Norfolk Southern's latest reported financial statements, the company's current EBITDA (TTM) is $5.52B USD. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingEBITDASwitch metric
TTM (last 4 quarters)
$5.52B
YoY change
+6.6%
5Y CAGR
+6.3%
Peak year (2022)
$6.04B
Cumulative EBITDA
$115.84B
EBITDA history chart for Norfolk Southern (NSC) from 1985 to 2025
EBITDA history table for Norfolk Southern (NSC) from 1985 to 2025
| Fiscal year | Period ended | Reported | EBITDA | YoY |
|---|---|---|---|---|
| 2025 | $5.85B | +6.6% | ||
| 2024 | $5.49B | +26.5% | ||
| 2023 | $4.34B | -28.2% | ||
| 2022 | $6.04B | +5.9% | ||
| 2021 | $5.71B | +32.4% | ||
| 2020 | $4.31B | -17.7% | ||
| 2019 | $5.23B | +2.0% | ||
| 2018 | $5.13B | +8.3% | ||
| 2017 | $4.73B | +12.4% | ||
| 2016 | $4.21B | +3.0% | ||
| 2015 | $4.09B | -12.0% | ||
| 2014 | $4.65B | +5.0% | ||
| 2013 | $4.42B | +6.0% | ||
| 2012 | $4.17B | -1.6% | ||
| 2011 | $4.24B | +15.6% | ||
| 2010 | $3.67B | +24.9% | ||
| 2009 | $2.94B | -26.7% | ||
| 2008 | $4.01B | +14.8% | ||
| 2007 | $3.49B | +0.5% | ||
| 2006 | $3.47B | +16.4% | ||
| 2005 | $2.98B | +23.5% | ||
| 2004 | $2.42B | +127.2% | ||
| 2003 | $1.06B | -8.1% | ||
| 2002 | $1.16B | +185.2% | ||
| 2001 | $406.00M | -53.1% | ||
| 2000 | $866.00M | -7.0% | ||
| 1999 | $931.00M | -29.0% | ||
| 1998 | $1.31B | -23.8% | ||
| 1997 | $1.72B | +10.9% | ||
| 1996 | $1.55B | +7.6% | ||
| 1995 | $1.44B | +0.9% | ||
| 1994 | $1.43B | +26.8% | ||
| 1993 | $1.13B | -4.7% | ||
| 1992 | $1.19B | +227.4% | ||
| 1991 | $362.00M | -65.1% | ||
| 1990 | $1.04B | +2.1% | ||
| 1989 | $1.01B | -19.3% | ||
| 1988 | $1.26B | +209.0% | ||
| 1987 | $406.80M | -58.6% | ||
| 1986 | $982.90M | +1.0% | ||
| 1985 | $973.20M | — |
EBITDA values are taken from Norfolk Southern's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of Norfolk Southern (NSC) EBITDA is $5.85B – grew 6.6% year-over-year.
Norfolk Southern EBITDA has grown for 2 consecutive years, with a +6.3% compound annual growth rate over 2020–2025 (5 years).
Norfolk Southern EBITDA edged down from $6.04B in 2022 to $5.85B in 2025, a 3.2% drawdown.
$6.04B stands as the all-time-high annual EBITDA, posted in 2022, against a low of $362.00M during 1991.
Within Industrials, Norfolk Southern (NSC) ranks 9th among 8 peers we track. The peer median for EBITDA is $11.86B.
Norfolk Southern EBITDA by Year
Norfolk Southern EBITDA 2025: $5.85B
Norfolk Southern EBITDA in 2025 was $5.85B, grew 6.6% from 2024.
Norfolk Southern EBITDA 2024: $5.49B
Norfolk Southern EBITDA in 2024 was $5.49B, grew 26.5% from 2023.
Norfolk Southern EBITDA 2023: $4.34B
Norfolk Southern EBITDA in 2023 was $4.34B, declined 28.2% below 2022.
Norfolk Southern EBITDA 2022: $6.04B
Norfolk Southern EBITDA in 2022 was $6.04B, grew 5.9% from 2021. This figure represents the highest annual value in the available history.
Norfolk Southern EBITDA 2021: $5.71B
Norfolk Southern EBITDA in 2021 was $5.71B.
See more financial history for Norfolk Southern (NSC).
Sector peers — EBITDA
Companies in the same sector as Norfolk Southern, ranked by their latest EBITDA.
| Company | EBITDA | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $14.86B | Industrials |
| Union Pacific Corporation (UNP) | $12.95B | Industrials |
| RTX Corporation (RTX) | $12.89B | Industrials |
| GE Aerospace (GE) | $12.06B | Industrials |
| Deere & Company (DE) | $11.66B | Industrials |
| Honeywell International Inc. (HON) | $8.21B | Industrials |
| The Boeing Company (BA) | $7.36B | Industrials |
| Eaton Corporation plc (ETN) | $5.95B | Industrials |
Frequently asked questions
What is Norfolk Southern's EBITDA?
- Latest reported EBITDA for Norfolk Southern (NSC) is $5.52B (period ending March 31, 2026).
How has Norfolk Southern EBITDA changed year-over-year?
- Norfolk Southern (NSC) EBITDA changed +6.6% year-over-year on the latest annual filing.
What is the long-term growth rate of Norfolk Southern EBITDA?
- Norfolk Southern (NSC) EBITDA compound annual growth rate is +6.3% over the most recent 5 years available.
When did Norfolk Southern EBITDA hit its highest annual value?
- Norfolk Southern EBITDA reached its highest annual value of $6.04B in 2022.
What was Norfolk Southern EBITDA in 2024?
- Norfolk Southern (NSC) EBITDA in 2024 was $5.49B.
What was Norfolk Southern EBITDA in 2025?
- Norfolk Southern (NSC) EBITDA in 2025 was $5.85B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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