NSC
Norfolk Southern Corporation
Stock
$317.44+7.18 (+2.31%)Close Oct 2, 2026
Cash flow statement
| Line | Last 12 months | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.7B | $4.4B | $4.1B | $3.2B | $4.2B | $4.3B | $3.6B | $3.9B | $3.7B | $3.3B | $3.0B | $2.9B | $2.9B | $3.1B | $3.1B | $3.2B | $2.7B | $1.9B | $2.7B | $2.3B |
| Capital expenditures | $2.1B | $2.2B | $2.4B | $2.3B | $1.9B | $1.5B | $1.5B | $2.0B | $2.0B | $1.7B | $1.9B | $2.4B | $2.1B | $2.0B | $2.2B | $2.2B | $1.5B | $1.3B | $1.6B | $1.3B |
| Free cash flow | $1.6B | $2.2B | $1.7B | $852M | $2.3B | $2.8B | $2.1B | $1.9B | $1.8B | $1.5B | $1.1B | $523M | $734M | $1.1B | $824M | $1.1B | $1.2B | $561M | $1.2B | $992M |
| Stock-based compensation | $77M | $63M | $40M | $40M | $53M | $54M | $28M | $53M | $47M | $45M | $42M | $42M | $44M | $54M | $45M | $61M | $67M | $60M | — | — |
| Buybacks | $83M | $534M | $0 | $622M | $3.1B | $3.4B | $1.4B | $2.1B | $2.8B | $1.0B | $803M | $1.1B | $318M | $627M | $1.3B | $2.1B | $863M | $0 | $1.1B | — |
| Dividends paid | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B | $1.0B | $960M | $949M | $844M | $703M | $695M | $713M | $687M | $637M | $624M | $576M | $514M | $500M | $456M | $377M |
| Dividends per share | $5.40 | $5.40 | $5.40 | $5.40 | $4.96 | $4.16 | $3.76 | $3.60 | $3.04 | $2.44 | $2.36 | $2.36 | $2.22 | $2.04 | $1.94 | $1.66 | $1.40 | $1.36 | $1.22 | $0.96 |
| Free cash flow margin | 13.0% | 17.7% | 13.8% | 7.0% | 17.8% | 25.0% | 21.9% | 16.6% | 15.5% | 14.5% | 11.6% | 5.0% | 6.3% | 9.8% | 7.5% | 9.6% | 13.1% | 7.0% | 10.9% | 10.5% |