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NSC Norfolk Southern Corp

NYSE, CIK 0000702165, fiscal year ends 12/31. Last price 329.99 on 2026-10-23, market value 74.1 billion dollars.

Machine-readable: NSC.json, NSC.md. Sections: Graham Defensive, Magic Formula, Momentum, Insider, Buffett Quality, Lynch GARP, Graham Enterprising, Piotroski F-Score, earnings record, insiders, filings and links.

Philosophy	Score	Status	Current inputs as of	History used	Price	Verification	Rules
Graham Defensive	45	ok	2025-12-31 stale: Revenue	2013–2025	2026-10-23	14 verified, 21 unverified	method
Magic Formula	22	ok	2026-03-31 stale: operating_income_q	—	2026-10-23	—	method
Momentum	67	ok	2026-10-23	—	2026-10-23	—	method
Insider	0	no open-market transactions in window	2026-10-23	—	—	—	method
Buffett Quality	60	ok	2026-06-30	2016–2025	2026-10-23	0 verified, 47 unverified	method
Lynch GARP	48	ok	2026-06-30	2020–2025	2026-10-23	0 verified, 5 unverified	method
Graham Enterprising	35	ok	2026-06-30	2020–2025	2026-10-23	0 verified, 10 unverified	method
Piotroski F-Score	78	ok	—	2024–2026	—	0 verified, 27 unverified	method

Market value, source trail

market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used

Input	Value	Unit	Period / date	Source
Traded price	329.99	USD per traded unit (share or ADS)	2026-10-23	Yahoo Finance
SEC shares outstanding	224,616,686	underlying shares	2026-09-30	SEC cover page 10-Q 0001628280-26-066836 (224,616,686 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/702165/000162828026066836/nsc-20260930.htm 0001628280-26-066836
Depositary ratio	1.0	underlying shares per traded unit		domestic 10-K filer; SEC shares are the traded units
Market value price date × latest reported shares	74,121,260,213	USD	2026-10-23 shares at 2026-09-30	329.99 (price 2026-10-23) / 1 x 224,616,686 (shares at 2026-09-30) = 74,121,260,213

Graham Defensive

45 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 Adequate size	12.18 revenue $B	>= 1	5.0 / 5
2a Current ratio	0.83	>= 2.0	0.0 / 15
2b Long-term debt vs working capital working capital not positive	— LTD / WC	<= 1.0	0.0 / 15
3 Positive earnings each of 10 years	10 of 10	10 of 10	15.0 / 15
4 Dividends every year for 20 years	20 of 20 XBRL check: 13 years agree, 7 unverified	20 of 20	15.0 / 15
5 EPS growth, 3-yr avg now vs 10 yrs ago	5.70 -> 10.78 (+89%)	>= +33%	10.0 / 10
6 P/E on 3-year average EPS	30.6	<= 15	0.0 / 15
7 P/B <= 1.5, or P/E x P/B <= 22.5	P/B 4.56, product 139.6	<= 1.5 or <= 22.5	0.0 / 10

Inputs, 37 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	329.99	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
Revenue	12180000000.0	2025-12-31 stale	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001628280-26-006268	unverified
current_assets	2801000000.0	2026-06-30	SEC XBRL AssetsCurrent 0001628280-26-049326	unverified
current_liabilities	3370000000.0	2026-06-30	SEC XBRL LiabilitiesCurrent 0001628280-26-049326	unverified
lt_debt	15967000000.0	2026-06-30	SEC XBRL LongTermDebtAndCapitalLeaseObligations 0001628280-26-049326	unverified
equity	16253000000.0	2026-06-30	SEC XBRL StockholdersEquity 0001628280-26-049326	unverified
Net income FY2016	1668000000.0	2016-12-31 history	SEC XBRL ProfitLoss 0000702165-19-000012	unverified
Net income FY2017	5404000000.0	2017-12-31 history	SEC XBRL NetIncomeLoss 0000702165-20-000011	unverified
Net income FY2018	2666000000.0	2018-12-31 history	SEC XBRL NetIncomeLoss 0000702165-21-000006	unverified
Net income FY2019	2722000000.0	2019-12-31 history	SEC XBRL NetIncomeLoss 0000702165-22-000007	unverified
Net income FY2020	2013000000.0	2020-12-31 history	SEC XBRL NetIncomeLoss 0000702165-23-000010	unverified
Net income FY2021	3005000000.0	2021-12-31 history	SEC XBRL NetIncomeLoss 0000702165-24-000005	unverified
Net income FY2022	3270000000.0	2022-12-31 history	SEC XBRL NetIncomeLoss 0000702165-25-000008	unverified
Net income FY2023	1827000000.0	2023-12-31 history	SEC XBRL NetIncomeLoss 0001628280-26-006268	unverified
Net income FY2024	2622000000.0	2024-12-31 history	SEC XBRL NetIncomeLoss 0001628280-26-006268	unverified
Net income FY2025	2873000000.0	2025-12-31 history	SEC XBRL NetIncomeLoss 0001628280-26-006268	unverified
Dividend years (Yahoo)	[2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026]	history	Yahoo Finance dividend history	verified (partly: XBRL covers 13 of 20 years)
Dividends per share FY2013 (XBRL)	2.04	2013-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0000702165-16-000162	verified
Dividends per share FY2014 (XBRL)	2.22	2014-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0000702165-17-000018	verified
Dividends per share FY2015 (XBRL)	2.36	2015-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0000702165-18-000011	verified
Dividends per share FY2016 (XBRL)	2.36	2016-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0000702165-19-000012	verified
Dividends per share FY2017 (XBRL)	2.44	2017-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0000702165-20-000011	verified
Dividends per share FY2018 (XBRL)	3.04	2018-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0000702165-21-000006	verified
Dividends per share FY2019 (XBRL)	3.6	2019-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0000702165-22-000007	verified
Dividends per share FY2020 (XBRL)	3.76	2020-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0000702165-23-000010	verified
Dividends per share FY2021 (XBRL)	4.16	2021-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0000702165-24-000005	verified
Dividends per share FY2022 (XBRL)	4.96	2022-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0000702165-25-000008	verified
Dividends per share FY2023 (XBRL)	5.4	2023-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001628280-26-006268	verified
Dividends per share FY2024 (XBRL)	5.4	2024-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001628280-26-006268	verified
Dividends per share FY2025 (XBRL)	5.4	2025-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001628280-26-006268	verified
EPS diluted FY2014	6.39	2014-12-31 history	SEC XBRL EarningsPerShareDiluted 0000702165-17-000018	unverified
EPS diluted FY2015	5.1	2015-12-31 history	SEC XBRL EarningsPerShareDiluted 0000702165-18-000011	unverified
EPS diluted FY2016	5.62	2016-12-31 history	SEC XBRL EarningsPerShareDiluted 0000702165-19-000012	unverified
EPS diluted FY2023	8.02	2023-12-31 history	SEC XBRL EarningsPerShareDiluted 0001628280-26-006268	unverified
EPS diluted FY2024	11.57	2024-12-31 history	SEC XBRL EarningsPerShareDiluted 0001628280-26-006268	unverified
EPS diluted FY2025	12.75	2025-12-31 history	SEC XBRL EarningsPerShareDiluted 0001628280-26-006268	unverified
Shares outstanding	224616686.0	2026-09-30	SEC cover page 10-Q 0001628280-26-066836 (224,616,686 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/702165/000162828026066836/nsc-20260930.htm 0001628280-26-066836	not cross-checked

Magic Formula

22 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
Earnings yield (EBIT/EV) EBIT trailing twelve months; EV = market cap + debt (15,967,000,000) - cash	4.59 % (rank 94)
Return on capital (EBIT/(NWC+PPE)) net working capital -569,000,000 used as reported	11.34 % (rank 175)
Combined rank	269

Inputs, 15 numbers with their sources

Input	Value	Period	Source	Check
operating_income	4356000000.0	2025-12-31 history	SEC XBRL OperatingIncomeLoss 0001628280-26-006268	not cross-checked
operating_income_q	877000000.0	2026-03-31 stale	SEC XBRL OperatingIncomeLoss (quarter CY2026Q1) 0001628280-26-027051	not cross-checked
operating_income_q	1146000000.0	2025-03-31 history	SEC XBRL OperatingIncomeLoss (quarter CY2025Q1) 0001628280-26-027051	not cross-checked
operating_income_q	1124000000.0	2026-06-30	SEC XBRL OperatingIncomeLoss (quarter CY2026Q2) 0001628280-26-049326	not cross-checked
operating_income_q	1175000000.0	2025-06-30 history	SEC XBRL OperatingIncomeLoss (quarter CY2025Q2) 0001628280-26-049326	not cross-checked
operating_income_q	1150000000.0	2026-09-30	SEC XBRL OperatingIncomeLoss (quarter CY2026Q3) 0001628280-26-066836	not cross-checked
operating_income_q	1098000000.0	2025-09-30 history	SEC XBRL OperatingIncomeLoss (quarter CY2025Q3) 0001628280-26-066836	not cross-checked
current_assets	2801000000.0	2026-06-30	SEC XBRL AssetsCurrent 0001628280-26-049326	not cross-checked
current_liabilities	3370000000.0	2026-06-30	SEC XBRL LiabilitiesCurrent 0001628280-26-049326	not cross-checked
cash	1069000000.0	2026-06-30	SEC XBRL CashAndCashEquivalentsAtCarryingValue 0001628280-26-049326	not cross-checked
ppe_net	36626000000.0	2026-06-30	SEC XBRL PropertyPlantAndEquipmentNet 0001628280-26-049326	not cross-checked
debt_incl_current	15967000000.0	2026-06-30	SEC XBRL LongTermDebtAndCapitalLeaseObligations 0001628280-26-049326	not cross-checked
shares_out	224616686.0	2026-09-30	SEC cover page 10-Q 0001628280-26-066836 (224,616,686 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/702165/000162828026066836/nsc-20260930.htm 0001628280-26-066836	not cross-checked
Price (close)	329.99	2026-10-23	Yahoo Finance / Alpaca Market Data	not cross-checked
note	debt = LongTermDebt (incl. current maturities)			not cross-checked

Momentum

67 of 100. ok. How this is scored.

Test or factor	Value	Points
12-1 month return	12.9 % (percentile 58.7)	29.3 / 50
6 month return	3.5 % (percentile 50.4)	10.1 / 20
Price / 52-week high	0.935	14.0 / 15
Volatility penalty (60d annualised)	17.8 %	13.6 / 15

Inputs, 1 numbers with their sources

Input	Value	Period	Source	Check
Adjusted close series (14 months)	329.99	2026-10-23	Yahoo Finance / Alpaca Market Data daily history	not cross-checked

Insider

0 of 100. no open-market transactions in window. How this is scored. Form 4 data loaded through 2026-10-23

Test or factor	Value	Points
Open-market buy value / market cap (percentile among buyers)	0.0 bp	0.0 / 35
Distinct buyers	0	0.0 / 25
Buyer seniority	0.0	0.0 / 20
Recency (half-life 30d)	0.0	0.0 / 10
Sales penalty (excludes 10b5-1 plan sales)	0.0 bp	-0.0 / 0

Inputs, 0 numbers with their sources

Input	Value	Period	Source	Check

Buffett Quality

60 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 Average return on equity (net income / year-end equity)	18.5% over 8 yrs	>= 15%	25.0 / 25
2 Profitable every year	10 of 10	all years	15.0 / 15
3 Net income growth, 3-yr average now vs start of window	-4.0% a year	>= +10%	0.0 / 10
4 Borrowings / 3-yr average earnings (years to repay) LongTermDebt (incl. current maturities)	6.5 years	<= 4	5.5 / 15
5 Operating margin, 5-yr average	34.1%	>= 20%	10.0 / 10
6 Free cash flow / net income, 5-yr (operating cash flow minus capex)	0.72	>= 1.0	4.3 / 10
7 Owner-earnings yield (3-yr avg free cash flow / market cap)	2.1%	>= 7%	0.0 / 15

Inputs, 49 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	329.99	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
Net income FY2018	2666000000.0	2018-12-31 history	SEC XBRL NetIncomeLoss 0000702165-21-000006	unverified
Equity at FY2018 end	15362000000.0	2018-12-31 history	SEC XBRL StockholdersEquity 0000702165-22-000007	unverified
Net income FY2019	2722000000.0	2019-12-31 history	SEC XBRL NetIncomeLoss 0000702165-22-000007	unverified
Equity at FY2019 end	15184000000.0	2019-12-31 history	SEC XBRL StockholdersEquity 0000702165-23-000010	unverified
Net income FY2020	2013000000.0	2020-12-31 history	SEC XBRL NetIncomeLoss 0000702165-23-000010	unverified
Equity at FY2020 end	14791000000.0	2020-12-31 history	SEC XBRL StockholdersEquity 0000702165-24-000005	unverified
Net income FY2021	3005000000.0	2021-12-31 history	SEC XBRL NetIncomeLoss 0000702165-24-000005	unverified
Equity at FY2021 end	13641000000.0	2021-12-31 history	SEC XBRL StockholdersEquity 0000702165-25-000008	unverified
Net income FY2022	3270000000.0	2022-12-31 history	SEC XBRL NetIncomeLoss 0000702165-25-000008	unverified
Equity at FY2022 end	12733000000.0	2022-12-31 history	SEC XBRL StockholdersEquity 0001628280-26-006268	unverified
Net income FY2023	1827000000.0	2023-12-31 history	SEC XBRL NetIncomeLoss 0001628280-26-006268	unverified
Equity at FY2023 end	12781000000.0	2023-12-31 history	SEC XBRL StockholdersEquity 0001628280-26-006268	unverified
Net income FY2024	2622000000.0	2024-12-31 history	SEC XBRL NetIncomeLoss 0001628280-26-006268	unverified
Equity at FY2024 end	14306000000.0	2024-12-31 history	SEC XBRL StockholdersEquity 0001628280-26-066836	unverified
Net income FY2025	2873000000.0	2025-12-31 history	SEC XBRL NetIncomeLoss 0001628280-26-006268	unverified
Equity at FY2025 end	15547000000.0	2025-12-31 history	SEC XBRL StockholdersEquity 0001628280-26-049326	unverified
Net income FY2016	1668000000.0	2016-12-31 history	SEC XBRL ProfitLoss 0000702165-19-000012	unverified
Net income FY2017	5404000000.0	2017-12-31 history	SEC XBRL NetIncomeLoss 0000702165-20-000011	unverified
Net income FY2018	2666000000.0	2018-12-31 history	SEC XBRL NetIncomeLoss 0000702165-21-000006	unverified
Net income FY2019	2722000000.0	2019-12-31 history	SEC XBRL NetIncomeLoss 0000702165-22-000007	unverified
Net income FY2020	2013000000.0	2020-12-31 history	SEC XBRL NetIncomeLoss 0000702165-23-000010	unverified
Net income FY2021	3005000000.0	2021-12-31 history	SEC XBRL NetIncomeLoss 0000702165-24-000005	unverified
Net income FY2022	3270000000.0	2022-12-31 history	SEC XBRL NetIncomeLoss 0000702165-25-000008	unverified
Net income FY2023	1827000000.0	2023-12-31 history	SEC XBRL NetIncomeLoss 0001628280-26-006268	unverified
Net income FY2024	2622000000.0	2024-12-31 history	SEC XBRL NetIncomeLoss 0001628280-26-006268	unverified
Net income FY2025	2873000000.0	2025-12-31 history	SEC XBRL NetIncomeLoss 0001628280-26-006268	unverified
debt_incl_current	15967000000.0	2026-06-30	SEC XBRL LongTermDebtAndCapitalLeaseObligations 0001628280-26-049326	unverified
Operating income FY2021	4447000000.0	2021-12-31 history	SEC XBRL OperatingIncomeLoss 0000702165-24-000005	unverified
Revenue FY2021	11142000000.0	2021-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0000702165-24-000005	unverified
Operating income FY2022	4809000000.0	2022-12-31 history	SEC XBRL OperatingIncomeLoss 0000702165-25-000008	unverified
Revenue FY2022	12745000000.0	2022-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0000702165-25-000008	unverified
Operating income FY2023	2851000000.0	2023-12-31 history	SEC XBRL OperatingIncomeLoss 0001628280-26-006268	unverified
Revenue FY2023	12156000000.0	2023-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001628280-26-006268	unverified
Operating income FY2024	4071000000.0	2024-12-31 history	SEC XBRL OperatingIncomeLoss 0001628280-26-006268	unverified
Revenue FY2024	12123000000.0	2024-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001628280-26-006268	unverified
Operating income FY2025	4356000000.0	2025-12-31 history	SEC XBRL OperatingIncomeLoss 0001628280-26-006268	unverified
Revenue FY2025	12180000000.0	2025-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001628280-26-006268	unverified
Operating cash flow FY2021	4255000000.0	2021-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0000702165-24-000005	unverified
Capital expenditure FY2021	1470000000.0	2021-12-31 history	SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0000702165-24-000005	unverified
Operating cash flow FY2022	4222000000.0	2022-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0000702165-25-000008	unverified
Capital expenditure FY2022	1948000000.0	2022-12-31 history	SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0000702165-25-000008	unverified
Operating cash flow FY2023	3179000000.0	2023-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001628280-26-006268	unverified
Capital expenditure FY2023	2327000000.0	2023-12-31 history	SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0001628280-26-006268	unverified
Operating cash flow FY2024	4052000000.0	2024-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001628280-26-006268	unverified
Capital expenditure FY2024	2381000000.0	2024-12-31 history	SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0001628280-26-006268	unverified
Operating cash flow FY2025	4361000000.0	2025-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001628280-26-006268	unverified
Capital expenditure FY2025	2204000000.0	2025-12-31 history	SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0001628280-26-006268	unverified
Shares outstanding	224616686.0	2026-09-30	SEC cover page 10-Q 0001628280-26-066836 (224,616,686 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/702165/000162828026066836/nsc-20260930.htm 0001628280-26-066836	not cross-checked

Lynch GARP

48 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 PEG: P/E divided by 5-yr EPS growth (in % points)	2.53	<= 1.0	0.0 / 30
2 EPS growth, 5-yr compound rate	+10.2% a year	12% to 35% a year	17.0 / 20
3 P/E on latest annual EPS	25.9	<= 25	9.4 / 10
4 Borrowings / equity LongTermDebt (incl. current maturities)	0.98	<= 0.5	7.8 / 15
5 Years of the last 5 in which EPS rose	4 of 5	5 of 5	12.0 / 15
6 Net cash (cash minus borrowings) / market cap	-20.1%	>= +10%	1.4 / 10

Inputs, 6 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	329.99	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
EPS diluted FY2025	12.75	2025-12-31 history	SEC XBRL EarningsPerShareDiluted 0001628280-26-006268	unverified
EPS diluted FY2020	7.84	2020-12-31 history	SEC XBRL EarningsPerShareDiluted 0000702165-23-000010	unverified
debt_incl_current	15967000000.0	2026-06-30	SEC XBRL LongTermDebtAndCapitalLeaseObligations 0001628280-26-049326	unverified
equity	16253000000.0	2026-06-30	SEC XBRL StockholdersEquity 0001628280-26-049326	unverified
cash	1069000000.0	2026-06-30	SEC XBRL CashAndCashEquivalentsAtCarryingValue 0001628280-26-049326	unverified

Graham Enterprising

35 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 Current ratio	0.83	>= 1.5	0.0 / 15
2 Borrowings vs working capital working capital not positive	—	<= 1.1x	0.0 / 15
3 No earnings deficit in the last 5 years	5 of 5 profitable	5 of 5	15.0 / 15
4 Pays a current dividend	yes	yes	10.0 / 10
5 EPS higher than five years earlier	7.84 -> 12.75	higher	10.0 / 10
6 Price / book value per share book value used because intangibles are not separated in the dataset (Graham uses net tangible assets)	4.56	<= 1.2	0.0 / 20
7 Price / net current asset value per share (current assets minus all liabilities) net current asset value not positive	—	<= 0.67	0.0 / 15

Inputs, 13 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	329.99	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
current_assets	2801000000.0	2026-06-30	SEC XBRL AssetsCurrent 0001628280-26-049326	unverified
current_liabilities	3370000000.0	2026-06-30	SEC XBRL LiabilitiesCurrent 0001628280-26-049326	unverified
Net income FY2021	3005000000.0	2021-12-31 history	SEC XBRL NetIncomeLoss 0000702165-24-000005	unverified
Net income FY2022	3270000000.0	2022-12-31 history	SEC XBRL NetIncomeLoss 0000702165-25-000008	unverified
Net income FY2023	1827000000.0	2023-12-31 history	SEC XBRL NetIncomeLoss 0001628280-26-006268	unverified
Net income FY2024	2622000000.0	2024-12-31 history	SEC XBRL NetIncomeLoss 0001628280-26-006268	unverified
Net income FY2025	2873000000.0	2025-12-31 history	SEC XBRL NetIncomeLoss 0001628280-26-006268	unverified
Dividend years (Yahoo)	[2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026]	history	Yahoo Finance dividend history	not cross-checked
EPS diluted FY2025	12.75	2025-12-31 history	SEC XBRL EarningsPerShareDiluted 0001628280-26-006268	unverified
EPS diluted FY2020	7.84	2020-12-31 history	SEC XBRL EarningsPerShareDiluted 0000702165-23-000010	unverified
equity	16253000000.0	2026-06-30	SEC XBRL StockholdersEquity 0001628280-26-049326	unverified
Shares outstanding	224616686.0	2026-09-30	SEC cover page 10-Q 0001628280-26-066836 (224,616,686 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/702165/000162828026066836/nsc-20260930.htm 0001628280-26-066836	not cross-checked

Piotroski F-Score

78 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 Return on assets is positive	6.4%	pass = 1	11.11111111111111 / 11.11111111111111
2 Operating cash flow is positive	4,361M	pass = 1	11.11111111111111 / 11.11111111111111
3 Return on assets improved on the prior year	6.0% -> 6.4%	pass = 1	11.11111111111111 / 11.11111111111111
4 Operating cash flow exceeds net income (accruals)	4,361M vs 2,873M	pass = 1	11.11111111111111 / 11.11111111111111
5 Long-term debt / assets fell	38.1% -> 36.4%	pass = 1	11.11111111111111 / 11.11111111111111
6 Current ratio improved	0.90 -> 0.85	pass = 1	0.0 / 11.11111111111111
7 No new shares issued (share count did not rise)	224M -> 225M	pass = 1	11.11111111111111 / 11.11111111111111
8 Operating margin improved (stand-in for gross margin, which the dataset does not carry)	33.6% -> 35.8%	pass = 1	11.11111111111111 / 11.11111111111111
9 Asset turnover (revenue / assets) improved	0.28 -> 0.27	pass = 1	0.0 / 11.11111111111111

Inputs, 27 numbers with their sources

Input	Value	Period	Source	Check
net_income 2025-12-31	2873000000.0	2025-12-31 history	SEC XBRL NetIncomeLoss 0001628280-26-006268	unverified
total_assets 2025-12-31	45236000000.0	2025-12-31 history	SEC XBRL Assets 0001628280-26-049326	unverified
cfo 2025-12-31	4361000000.0	2025-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001628280-26-006268	unverified
net_income 2025-12-31	2873000000.0	2025-12-31 history	SEC XBRL NetIncomeLoss 0001628280-26-006268	unverified
net_income 2024-12-31	2622000000.0	2024-12-31 history	SEC XBRL NetIncomeLoss 0001628280-26-006268	unverified
total_assets 2025-12-31	45236000000.0	2025-12-31 history	SEC XBRL Assets 0001628280-26-049326	unverified
total_assets 2024-12-31	43682000000.0	2024-12-31 history	SEC XBRL Assets 0001628280-26-006268	unverified
cfo 2025-12-31	4361000000.0	2025-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001628280-26-006268	unverified
net_income 2025-12-31	2873000000.0	2025-12-31 history	SEC XBRL NetIncomeLoss 0001628280-26-006268	unverified
lt_debt 2025-12-31	16480000000.0	2025-12-31 history	SEC XBRL LongTermDebtAndCapitalLeaseObligations 0001628280-26-049326	unverified
lt_debt 2024-12-31	16651000000.0	2024-12-31 history	SEC XBRL LongTermDebtAndCapitalLeaseObligations 0001628280-26-006268	unverified
total_assets 2025-12-31	45236000000.0	2025-12-31 history	SEC XBRL Assets 0001628280-26-049326	unverified
total_assets 2024-12-31	43682000000.0	2024-12-31 history	SEC XBRL Assets 0001628280-26-006268	unverified
current_assets 2025-12-31	3198000000.0	2025-12-31 history	SEC XBRL AssetsCurrent 0001628280-26-049326	unverified
current_assets 2024-12-31	3188000000.0	2024-12-31 history	SEC XBRL AssetsCurrent 0001628280-26-006268	unverified
current_liabilities 2025-12-31	3775000000.0	2025-12-31 history	SEC XBRL LiabilitiesCurrent 0001628280-26-049326	unverified
current_liabilities 2024-12-31	3545000000.0	2024-12-31 history	SEC XBRL LiabilitiesCurrent 0001628280-26-006268	unverified
shares_out 2026-09-30	224616686.0	2026-09-30 history	SEC cover page 10-Q 0001628280-26-066836 (224,616,686 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/702165/000162828026066836/nsc-20260930.htm 0001628280-26-066836	unverified
shares_out 2025-09-30	224386617.0	2025-09-30 history	SEC XBRL EntityCommonStockSharesOutstanding 0001628280-25-046128	unverified
operating_income 2025-12-31	4356000000.0	2025-12-31 history	SEC XBRL OperatingIncomeLoss 0001628280-26-006268	unverified
operating_income 2024-12-31	4071000000.0	2024-12-31 history	SEC XBRL OperatingIncomeLoss 0001628280-26-006268	unverified
revenue 2025-12-31	12180000000.0	2025-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001628280-26-006268	unverified
revenue 2024-12-31	12123000000.0	2024-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001628280-26-006268	unverified
revenue 2025-12-31	12180000000.0	2025-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001628280-26-006268	unverified
revenue 2024-12-31	12123000000.0	2024-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001628280-26-006268	unverified
total_assets 2025-12-31	45236000000.0	2025-12-31 history	SEC XBRL Assets 0001628280-26-049326	unverified
total_assets 2024-12-31	43682000000.0	2024-12-31 history	SEC XBRL Assets 0001628280-26-006268	unverified

Earnings record

SEC XBRL, by fiscal year (named by the calendar year it ends in); EPS split-adjusted to today's shares; each row links to the filing.

FY	Ended	Revenue, $M	Net income, $M	EPS diluted	Dividend	Filing
2013	2013-12-31	11,245	1,910	6.04	paid	0000702165-16-000162
2014	2014-12-31	11,624	2,000	6.39	paid	0000702165-17-000018
2015	2015-12-31	10,511	1,556	5.1	paid	0000702165-18-000011
2016	2016-12-31	9,888	1,668	5.62	paid	0000702165-19-000012
2017	2017-12-31	10,551	5,404	18.61	paid	0000702165-20-000011
2018	2018-12-31	11,458	2,666	9.51	paid	0000702165-21-000006
2019	2019-12-31	11,296	2,722	10.25	paid	0000702165-22-000007
2020	2020-12-31	9,789	2,013	7.84	paid	0000702165-23-000010
2021	2021-12-31	11,142	3,005	12.11	paid	0000702165-24-000005
2022	2022-12-31	12,745	3,270	13.88	paid	0000702165-25-000008
2023	2023-12-31	12,156	1,827	8.02	paid	0001628280-26-006268
2024	2024-12-31	12,123	2,622	11.57	paid	0001628280-26-006268
2025	2025-12-31	12,180	2,873	12.75	paid	0001628280-26-006268

Insider transactions

SEC Form 4 open-market purchases and sales from the insider data sets; latest 20.

No open-market transactions in the loaded quarters.

Filings and links

Third-party sites are linked only; nothing from them is stored here.

SEC: filing index, 8-K, Form 4, XBRL companyfacts
Prices: Yahoo Finance, Stooq
Elsewhere: morningstar, finviz, stockanalysis, seeking alpha, openinsider, google news

Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/NSC; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23. Data last checked 2026-10-26.