Latest period
$3.82B
YoY change
+29.1%
5Y CAGR
+0.1%
Peak year (2021)
$2.79B
Latest annual
$2.16B
Free Cash Flow history chart for Norfolk Southern (NSC) from 1989 to 2025
Latest: $2.16B
Free Cash Flow growth chart for Norfolk Southern (NSC) from 1989 to 2025
Latest: +29.1%
Free Cash Flow history table for Norfolk Southern (NSC) from 1989 to 2025
| 2025 | $2.16B | +29.1% | +$486.00M | ||
| 2024 | $1.67B | +101.3% | +$841.00M | ||
| 2023 | $830.00M | -63.5% | −$1.44B | ||
| 2022 | $2.27B | -18.3% | −$511.00M | ||
| 2021 | $2.79B | +30.0% | +$642.00M | ||
| 2020 | $2.14B | +14.4% | +$270.00M | ||
| 2019 | $1.87B | +5.5% | +$98.00M | ||
| 2018 | $1.77B | +16.0% | +$245.00M | ||
| 2017 | $1.53B | +33.4% | +$383.00M | ||
| 2016 | $1.15B | +133.1% | +$655.00M | ||
| 2015 | $492.00M | -33.0% | −$242.00M | ||
| 2014 | $734.00M | -33.7% | −$373.00M | ||
| 2013 | $1.11B | +34.3% | +$283.00M | ||
| 2012 | $824.00M | -22.8% | −$243.00M | ||
| 2011 | $1.07B | -14.2% | −$177.00M | ||
| 2010 | $1.24B | +121.7% | +$683.00M | ||
| 2009 | $561.00M | -51.5% | −$596.00M | ||
| 2008 | $1.16B | +16.6% | +$165.00M | ||
| 2007 | $992.00M | -3.5% | −$36.00M | ||
| 2006 | $1.03B | -4.8% | −$52.00M | ||
| 2005 | $1.08B | +74.2% | +$460.00M | ||
| 2004 | $620.00M | +85.6% | +$286.00M | ||
| 2003 | $334.00M | +193.0% | +$220.00M | ||
| 2002 | $114.00M | -223.9% | +$206.00M | ||
| 2001 | −$92.00M | -115.1% | −$703.00M | ||
| 2000 | $611.00M | -261.2% | +$990.00M | ||
| 1999 | −$379.00M | +474.2% | −$313.00M | ||
| 1998 | −$66.00M | -124.0% | −$341.00M | ||
| 1997 | $275.00M | -46.8% | −$241.50M | ||
| 1996 | $516.50M | -10.7% | −$62.00M | ||
| 1995 | $578.50M | +34.1% | +$147.10M | ||
| 1994 | $431.40M | +110.0% | +$226.00M | ||
| 1993 | $205.40M | -15.2% | −$36.70M | ||
| 1992 | $242.10M | +135.0% | +$139.10M | ||
| 1991 | $103.00M | -68.3% | −$222.00M | ||
| 1990 | $325.00M | -28.7% | −$130.60M | ||
| 1989 | $455.60M | — | — |
- 2025$2.16B+29.1%
- 2024$1.67B+101.3%
- 2023$830.00M-63.5%
- 2022$2.27B-18.3%
- 2021$2.79B+30.0%
- 2020$2.14B+14.4%
- 2019$1.87B+5.5%
- 2018$1.77B+16.0%
- 2017$1.53B+33.4%
- 2016$1.15B+133.1%
- 2015$492.00M-33.0%
- 2014$734.00M-33.7%
- 2013$1.11B+34.3%
- 2012$824.00M-22.8%
- 2011$1.07B-14.2%
- 2010$1.24B+121.7%
- 2009$561.00M-51.5%
- 2008$1.16B+16.6%
- 2007$992.00M-3.5%
- 2006$1.03B-4.8%
- 2005$1.08B+74.2%
- 2004$620.00M+85.6%
- 2003$334.00M+193.0%
- 2002$114.00M-223.9%
- 2001−$92.00M-115.1%
- 2000$611.00M-261.2%
- 1999−$379.00M+474.2%
- 1998−$66.00M-124.0%
- 1997$275.00M-46.8%
- 1996$516.50M-10.7%
- 1995$578.50M+34.1%
- 1994$431.40M+110.0%
- 1993$205.40M-15.2%
- 1992$242.10M+135.0%
- 1991$103.00M-68.3%
- 1990$325.00M-28.7%
- 1989$455.60M—
Free Cash Flow 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 Free Cash Flow at Norfolk Southern (NSC)
Free Cash Flow for Norfolk Southern (NSC): headline value $3.82B · YoY +29.1%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Norfolk Southern (NSC) most recent annual free cash flow stands at $2.16B (2025) – grew 29.1% year-over-year.
Across 2020–2025 (5 years), Norfolk Southern free cash flow produced a CAGR of +0.1% – sustaining 2 straight years of year-over-year growth.
Norfolk Southern free cash flow declined from $2.79B in 2021 to $2.16B in 2025, a 22.5% drawdown.
The highest annual free cash flow of $2.79B was reported in 2021. The lowest in the available history was −$379.00M in 1999.
Norfolk Southern Free Cash Flow by Year
Norfolk Southern Free Cash Flow 2025: $2.16B
2025's free cash flow for Norfolk Southern came in at $2.16B, grew 29.1% from 2024.
Norfolk Southern Free Cash Flow 2024: $1.67B
Norfolk Southern posted free cash flow of $1.67B in 2024, surged 101.3% from 2023.
Norfolk Southern Free Cash Flow 2023: $830.00M
In 2023, Norfolk Southern reported free cash flow of $830.00M, plunged 63.5% below 2022.
Norfolk Southern Free Cash Flow 2022: $2.27B
Norfolk Southern free cash flow in 2022 was $2.27B, declined 18.3% below 2021.
Norfolk Southern Free Cash Flow 2021: $2.79B
Norfolk Southern free cash flow in 2021 was $2.79B.
See more financial history for Norfolk Southern (NSC).
Sector peers by Free Cash Flow
Industrials peers of Norfolk Southern (NSC), ranked by their latest free cash flow
| $10.27B | |
| $7.94B | |
| $7.26B | |
| $5.50B | |
| $3.55B | |
| $3.23B | |
| −$1.88B | |
| −$13.95B |
- $10.27B
- $7.94B
- $7.26B
- $5.50B
- $3.55B
- $3.23B
- −$1.88B
- −$13.95B
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Norfolk Southern (NSC) Key Financials
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