TTM
45.3%
YoY change
+2.75pp
Trough year (2001)
6.6%
Peak year (2021)
51.2%
Latest annual
48.0%
EBITDA Margin history chart for Norfolk Southern (NSC) from 1985 to 2025
Latest: 48.0%
EBITDA Margin change chart for Norfolk Southern (NSC) from 1985 to 2025
Latest: +2.75pp
EBITDA Margin history table for Norfolk Southern (NSC) from 1985 to 2025
| 2025 | 48.0% | +2.75pp | ||
| 2024 | 45.3% | +9.58pp | ||
| 2023 | 35.7% | -11.71pp | ||
| 2022 | 47.4% | -3.79pp | ||
| 2021 | 51.2% | +7.18pp | ||
| 2020 | 44.0% | -2.31pp | ||
| 2019 | 46.3% | +1.57pp | ||
| 2018 | 44.8% | -0.10pp | ||
| 2017 | 44.9% | +2.26pp | ||
| 2016 | 42.6% | +3.69pp | ||
| 2015 | 38.9% | -1.07pp | ||
| 2014 | 40.0% | +0.64pp | ||
| 2013 | 39.3% | +1.52pp | ||
| 2012 | 37.8% | -0.15pp | ||
| 2011 | 38.0% | -0.61pp | ||
| 2010 | 38.6% | +1.70pp | ||
| 2009 | 36.9% | -0.72pp | ||
| 2008 | 37.6% | +0.59pp | ||
| 2007 | 37.0% | +0.09pp | ||
| 2006 | 36.9% | +1.92pp | ||
| 2005 | 35.0% | +1.94pp | ||
| 2004 | 33.1% | +16.61pp | ||
| 2003 | 16.5% | -2.02pp | ||
| 2002 | 18.5% | +11.89pp | ||
| 2001 | 6.6% | -7.48pp | ||
| 2000 | 14.1% | -3.86pp | ||
| 1999 | 17.9% | -13.16pp | ||
| 1998 | 31.1% | -9.69pp | ||
| 1997 | 40.8% | +8.22pp | ||
| 1996 | 32.6% | +1.63pp | ||
| 1995 | 30.9% | -0.32pp | ||
| 1994 | 31.2% | +5.92pp | ||
| 1993 | 25.3% | -0.41pp | ||
| 1992 | 25.7% | +17.60pp | ||
| 1991 | 8.1% | -14.30pp | ||
| 1990 | 22.4% | +0.08pp | ||
| 1989 | 22.4% | -5.82pp | ||
| 1988 | 28.2% | +18.28pp | ||
| 1987 | 9.9% | -14.22pp | ||
| 1986 | 24.1% | -1.33pp | ||
| 1985 | 25.4% | — |
- 202548.0%+2.75pp
- 202445.3%+9.58pp
- 202335.7%-11.71pp
- 202247.4%-3.79pp
- 202151.2%+7.18pp
- 202044.0%-2.31pp
- 201946.3%+1.57pp
- 201844.8%-0.10pp
- 201744.9%+2.26pp
- 201642.6%+3.69pp
- 201538.9%-1.07pp
- 201440.0%+0.64pp
- 201339.3%+1.52pp
- 201237.8%-0.15pp
- 201138.0%-0.61pp
- 201038.6%+1.70pp
- 200936.9%-0.72pp
- 200837.6%+0.59pp
- 200737.0%+0.09pp
- 200636.9%+1.92pp
- 200535.0%+1.94pp
- 200433.1%+16.61pp
- 200316.5%-2.02pp
- 200218.5%+11.89pp
- 20016.6%-7.48pp
- 200014.1%-3.86pp
- 199917.9%-13.16pp
- 199831.1%-9.69pp
- 199740.8%+8.22pp
- 199632.6%+1.63pp
- 199530.9%-0.32pp
- 199431.2%+5.92pp
- 199325.3%-0.41pp
- 199225.7%+17.60pp
- 19918.1%-14.30pp
- 199022.4%+0.08pp
- 198922.4%-5.82pp
- 198828.2%+18.28pp
- 19879.9%-14.22pp
- 198624.1%-1.33pp
- 198525.4%—
EBITDA Margin values are taken from Norfolk Southern's reported income 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 EBITDA Margin at Norfolk Southern (NSC)
According to Norfolk Southern's latest reported financial statements, the company's latest reported EBITDA margin is 45.3%. EBITDA margin is EBITDA divided by revenue — earnings before interest, taxes, depreciation, and amortization as a percentage of sales. By stripping out non-cash charges and capital-structure effects, it approximates operating cash profitability and is widely used to compare companies with different asset bases and leverage.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual EBITDA margin for Norfolk Southern (NSC) came in at 48.03% – expanded 2.8 percentage points year-over-year.
2021 marks the peak EBITDA margin at 51.20%, with the historical low of 6.58% recorded in 2001.
Norfolk Southern EBITDA Margin by Year
Norfolk Southern EBITDA Margin 2025: 48.0%
Norfolk Southern EBITDA margin in 2025 was 48.03%, expanded 2.8 percentage points from 2024.
Norfolk Southern EBITDA Margin 2024: 45.3%
2024's EBITDA margin for Norfolk Southern came in at 45.28%, expanded 9.6 percentage points from 2023.
Norfolk Southern EBITDA Margin 2023: 35.7%
Norfolk Southern posted EBITDA margin of 35.70% in 2023, contracted 11.7 percentage points from 2022.
Norfolk Southern EBITDA Margin 2022: 47.4%
In 2022, Norfolk Southern reported EBITDA margin of 47.41%, contracted 3.8 percentage points from 2021.
Norfolk Southern EBITDA Margin 2021: 51.2%
Norfolk Southern EBITDA margin in 2021 was 51.20%.
See more financial history for Norfolk Southern (NSC).
Sector peers by EBITDA Margin
Industrials peers of Norfolk Southern (NSC), ranked by their latest EBITDA margin
| 52.5% | |
| 22.8% | |
| 22.5% | |
| 21.6% | |
| 20.7% | |
| 17.8% | |
| 17.1% | |
| 7.9% |
- 52.5%
- 22.8%
- 22.5%
- 21.6%
- 17.1%
- 7.9%
Frequently asked questions
Norfolk Southern (NSC) Key Financials
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