The Norfolk Southern Railway is a Class I freight railroad in the United States, and is the current name of the former Southern Railway. With headquarters in Atlanta, Georgia, the company operates 19,420 route miles (31,250 km) in 22 eastern states, the District of Columbia, and has rights in Canada over the Albany to Montreal route of the Canadian Pacific Railway, and previously on CN from Buffalo to St. Thomas.
| Revenue (TTM) | $12.96B |
| Gross Profit (TTM) | $5.79B |
| EBITDA | $5.79B |
| Operating Margin | 35.40% |
| Return on Equity | 16.80% |
| Return on Assets | 6.03% |
| Revenue/Share (TTM) | $57.73 |
| Book Value | $74.48 |
| Price-to-Book | 4.42 |
| Price-to-Sales (TTM) | 5.54 |
| EV/Revenue | 6.86 |
| EV/EBITDA | 15.79 |
| Quarterly Earnings Growth (YoY) | 6.70% |
| Quarterly Revenue Growth (YoY) | 13.60% |
| Shares Outstanding | $224.62M |
| Float | $224.25M |
| % Insiders | 0.05% |
| % Institutions | 77.47% |
Volatility is currently expanding
SNDR and NSC collaborate to expand U.S. intermodal capacity, combining logistics expertise with rail infrastructure to boost freight efficiency.
Revenue excluding fuel increased 6% year over year. Operational changes eliminated 95 crew starts per week.
Collaboration brings together Schneider's asset-based expertise with Norfolk Southern's eastern U.S. intermodal network to deliver greater efficiency and more flexible capacity for shippers Key Takeaways Norfolk Southern and Schneider are partnering to advance domestic intermodal growth by combining Norfolk Southern's eastern U.S. rail network and infrastructure investments with Schneider's asset-based intermodal services. The partnership gives shippers a more scalable alternative to over-the-road transportation, with improved efficiency, flexible capacity and greater supply chain resilience.
Norfolk Southern NYSE: NSC reported higher third-quarter revenue, operating income and earnings as volume growth, pricing and a tighter truck market supported demand across its business groups. The railroad also raised its 2026 capital spending outlook to fund capacity, resiliency and growth initiatives, while updating its full-year operating expense outlook for elevated fuel costs.
Norfolk Southern Corporation ( NSC ) Q3 2026 Earnings Call October 22, 2026 10:00 AM EDT Company Participants Luke Nichols - Senior Director of Investor Relations Mark George - President, CEO & Director Brian Barr - Chief Operating Officer Ed Elkins - Executive VP & Chief Commercial Officer Jason Zampi - Executive VP & CFO Conference Call Participants Scott Group - Wolfe Research, LLC Jonathan Chappell - Evercore ISI Institutional Equities, Research Division Jason Seidl - TD Cowen, Research Division Christian Wetherbee - Wells Fargo Securities, LLC, Research Division Brian Ossenbeck - JPMorgan Chase & Co, Research Division Bascome Majors - Stephens Inc., Research Division Richa Talwar - Deutsche Bank AG, Research Division Eric Morgan - Barclays Bank PLC, Research Division David Vernon - Bernstein Institutional Services LLC, Research Division Thomas Wadewitz - UBS Investment Bank, Research Division Ariel Rosa - Citigroup Inc., Research Division James McGarragle - RBC Capital Markets, Research Division Presentation Operator Good morning, ladies and gentlemen, and welcome to the Norfolk Southern Corporation Third Quarter 2026 Earnings Conference Call. [Operator Instructions] Also note that this call is being recorded on Thursday, October 22, 2026.
Norfolk Southern's Q3 2026 earnings and revenues beat estimates, driven by higher fuel surcharges and volume growth, even as rising expenses pressured margins.
US railroads pull ahead as high fuel costs hit truckers harder
The headline numbers for Norfolk Southern (NSC) give insight into how the company performed in the quarter ended September 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Norfolk Southern (NSC) came out with quarterly earnings of $3.62 per share, beating the Zacks Consensus Estimate of $3.48 per share. This compares to earnings of $3.3 per share a year ago.
Norfolk Southern tops profit estimates as freight demand stays strong
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