Homepage
Full 18-step deep-dive · ~20–30 min · a member feature.
No report run on this ticker yet
Only preliminary foundational data below
Sign in to run a fresh report
Free · results in ~10 min
For AI assistants & researchers — machine-readable summary of this page
What this page is: Delvantic's full research page for Norfolk Southern Corporation (NSC) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.
Page map (sections in order; each card carries a stable
reference-name attribute you can cite):
profile-header/price-overview— company profile, live quote, market capextended-analysis— the core: three AI lens reads with findings, scores, and the analyst memofuture-predictions— our forward price-band predictionsmarket-narrative/ai-findings/gpt-critique— narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)- Members-only sections (render as login gates for anonymous readers):
price-history,income-trend,key-metrics,financials(statement tables),insider-trading. The analysis above is public; the raw data tables require a free account.
More for machine readers: site briefing at
/llms.txt ·
any ticker resolves at delvantic.com/stock/TICKER ·
raw inputs are public-company filings and market data (via licensed data feeds);
every model, score, lens read, and prediction on this page is Delvantic's own analysis.
Industrials · Railroads
Atlanta, GA 30308-1925, United States
norfolksouthern.com
Price
$334.36
Market Cap
$75.1B
Employees
19,300
Beta
1.27
Avg Volume
1,126,230
Last Dividend
$5.40
CEO
Mr. Mark R. George
Norfolk Southern Corporation is a railroad and transportation company that provides freight rail services across the Eastern United States. Norfolk Southern Corporation moves a broad mix of commodities and products, including intermodal shipments, automotive goods, agricultural products, metals, chemicals, forest products, coal, and industrial materials. The company also supports logistics through rail-linked services such as access to terminals, property management, and selected transportation-related infrastructure activities. Its network connects major markets, ports, and manufacturing centers, making it an important carrier for supply chains that depend on efficient long-haul freight movement. Norfolk Southern Corporation serves industries that require large-scale, time-sensitive, and high-capacity transport solutions, and it plays a central role in the movement of raw materials, intermediate goods, and finished products throughout its operating region.
Runs with full report
Earnings Schedule
Checked daily · calendar updated Aug 9 No upcoming print on the calendar yet — companies typically confirm a few weeks ahead. Last print was Jul 16, 2026.
EPS surprise history — vs analyst consensus · 3 prints of vendor history
+6.4%
Apr '26
+18.2%
May '26
+6.4%
Jul '26
| Print date | EPS est. | EPS actual | Revenue est. | Revenue actual |
|---|---|---|---|---|
| Jul 16, 2026 | $1.10 | $1.17 +6.4% | — | — |
| May 8, 2026 | $0.11 | $0.13 +18.2% | — | — |
| Apr 24, 2026 | $2.49 | $2.65 +6.4% | — | — |
Green = beat the estimate, red = missed. An earnings print is the fastest way a thesis changes — our designations should be re-read after each one.
Recent SEC Filings
| Filed | Form | Document |
|---|---|---|
| Jul 29, 2026 | 4 | View |
| Jul 23, 2026 | 10-Q | View |
| Jul 23, 2026 | 8-K | View |
| Jul 1, 2026 | 4 | View |
| Jul 1, 2026 | 4 | View |
| Jun 25, 2026 | 11-K | View |
| Jun 25, 2026 | 11-K | View |
| Jun 9, 2026 | 3 | View |
| Jun 1, 2026 | 8-K | View |
| May 22, 2026 | 4 | View |
| May 22, 2026 | 4 | View |
| May 22, 2026 | 4 | View |
Filings link to the SEC’s EDGAR system. Annual/quarterly reports (10-K, 10-Q, 20-F) carry the full story; 8-K/6-K current reports are the fastest signal that something material happened.
Price Overview
Last updated: Aug 9, 2026 3:57am (just now)
Current data · timestamped when a report runs
$334.36
Change · Aug 9
-8.10 (-2.37%)
Day Range
$334.33 – $342.06
52-Week Range
$268.23 – $358.60
50-Day MA
$321.89
200-Day MA
$303.22
Volume
2,393,600.00
Share Structure
Outstanding
224,608,373.00
Float
224,269,214.00
Free Float
99.8%
High free float
— 99.8% of shares trade freely, ~0.2% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
TD Twelve Data statement
HEX SEC filing
P/E Ratio (Price per dollar of earnings)
HEXStock Price / EPS (Diluted)
26.22
Stock Price: $334.36
EPS (Diluted): 12.75
EPS (Diluted): 12.75
P/B Ratio (Price vs net asset value)
HEXStock Price / Book Value Per Share
4.85
Stock Price: $334.36
Total Equity: $15.55B
Shares: 225,300,000
Total Equity: $15.55B
Shares: 225,300,000
EV/EBITDA (Total value vs operating profit)
HEXEnterprise Value / EBITDA
12.90
Market Cap: $75.10B
Total Debt: $607.00M
Cash: $1.53B
EBITDA: $5.75B
Total Debt: $607.00M
Cash: $1.53B
EBITDA: $5.75B
Enterprise Value (Takeover price (cap + debt - cash))
HEXMarket Cap + Total Debt - Cash
$74.2B
Market Cap: $75.10B
Total Debt: $607.00M
Cash: $1.53B
Total Debt: $607.00M
Cash: $1.53B
Gross Margin (Revenue left after direct costs)
HEXGross Profit / Revenue
—
Gross Profit: N/A
Revenue: $12.18B
Revenue: $12.18B
Missing from API: Gross Profit
Operating Margin (Revenue left after all operations)
HEXOperating Income / Revenue
35.8%
Operating Income: $4.36B
Revenue: $12.18B
Revenue: $12.18B
Net Margin (Revenue left as actual profit)
HEXNet Income / Revenue
23.6%
Net Income: $2.87B
Revenue: $12.18B
Revenue: $12.18B
ROE (Profit from shareholder equity)
HEXNet Income / Total Equity
18.5%
Net Income: $2.87B
Total Equity: $15.55B
Total Equity: $15.55B
ROIC (Profit from all invested capital)
HEXNOPAT / Invested Capital
23.3%
Operating Income: $4.36B
Tax Rate: 21.6%
Equity: $15.55B
Total Debt: $607.00M
Cash: $1.53B
Tax Rate: 21.6%
Equity: $15.55B
Total Debt: $607.00M
Cash: $1.53B
Current Ratio (Can it pay short-term bills)
HEXCurrent Assets / Current Liabilities
0.85
Current Assets: $3.20B
Current Liabilities: $3.78B
Current Liabilities: $3.78B
Debt/Equity (Leverage — debt vs equity)
HEXTotal Debt / Total Equity
0.04
Short-Term Debt: $607.00M
Long-Term Debt: $0.00
Total Debt: $607.00M
Total Equity: $15.55B
Long-Term Debt: $0.00
Total Debt: $607.00M
Total Equity: $15.55B
Rev/Share (Top-line per share)
HEXRevenue / Shares Outstanding
$54.06
Revenue: $12.18B
Shares: 225,300,000
Shares: 225,300,000
Book Value/Share (Net assets per share)
HEX(Total Assets - Total Liabilities) / Shares
$69.01
Total Equity: $15.55B
Shares: 225,300,000
Shares: 225,300,000
FCF/Share (Real cash generated per share)
HEX(Operating Cash Flow + CapEx) / Shares
$9.57
Operating CF: $4.36B
CapEx: -$2.20B
Shares: 225,300,000
CapEx: -$2.20B
Shares: 225,300,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
TDLast Annual Dividend / Stock Price
1.6%
Last Dividend: $5.40
Stock Price: $334.36
Stock Price: $334.36
Payout Ratio (Earnings paid out as dividends)
HEXDividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $2.87B
Net Income: $2.87B
Dividends paid not available in cash flow statement
Income Statement (Annual)
Last updated: Aug 6, 2026 8:31am (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $11.1B | $12.7B | $12.2B | $12.1B | $12.2B |
| Cost of Revenue | — | — | — | — | — |
| Gross Profit | — | — | — | — | — |
| Operating Expenses | $6.7B | $7.9B | $9.3B | $8.1B | $7.8B |
| Operating Income | $4.4B | $4.8B | $2.9B | $4.1B | $4.4B |
| Net Income | $3.0B | $3.3B | $1.8B | $2.6B | $2.9B |
| EBITDA | $5.6B | $6.0B | $4.1B | $5.4B | $5.7B |
| EPS | $12.16 | $13.92 | $8.04 | $11.58 | $12.76 |
| EPS (Diluted) | $12.11 | $13.88 | $8.02 | $11.57 | $12.75 |
Balance Sheet (Annual)
Last updated: Aug 6, 2026 8:31am (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $839.0M | $456.0M | $1.6B | $1.6B | $1.5B |
| Total Current Assets | $2.2B | $2.0B | $3.3B | $3.2B | $3.2B |
| Total Assets | $38.5B | $38.9B | $41.7B | $43.7B | $45.2B |
| Current Liabilities | $2.5B | $2.6B | $2.6B | $3.5B | $3.8B |
| Long-Term Debt | — | — | — | — | — |
| Total Liabilities | $24.9B | $26.2B | $28.9B | $29.4B | $29.7B |
| Total Equity | $13.6B | $12.7B | $12.8B | $14.3B | $15.5B |
| Retained Earnings | $11.6B | $10.7B | $10.7B | $12.1B | $13.2B |
Cash Flow (Annual)
Last updated: Aug 6, 2026 8:31am (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $4.3B | $4.2B | $3.2B | $4.1B | $4.4B |
| Capital Expenditure | -$1.5B | -$1.9B | -$2.3B | -$2.4B | -$2.2B |
| Free Cash Flow | $2.8B | $2.3B | $830.0M | $1.7B | $2.2B |
| Acquisitions (net) | — | — | — | — | — |
| Net Debt Issued / (Repaid) | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$3.4B | -$3.1B | -$622.0M | $0 | -$534.0M |
| Net Change in Cash | -$276.0M | -$383.0M | $1.1B | $73.0M | -$111.0M |
Growth Trends (YoY %)
Last updated: Aug 6, 2026 8:31am (2d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +14.4% | -4.6% | -0.3% | +0.5% |
| Gross Profit Growth | — | — | — | — |
| Operating Income Growth | +8.1% | -40.7% | +42.8% | +7.0% |
| Net Income Growth | +8.8% | -44.1% | +43.5% | +9.6% |
| EBITDA Growth | +7.1% | -31.2% | +30.7% | +6.0% |
Dividend History (Last 20)
Last updated: Aug 9, 2026 12:06am (3h ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-08-07 | $1.35 | — | — | — |
| 2026-05-08 | $1.35 | — | — | — |
| 2026-02-06 | $1.35 | — | — | — |
| 2025-11-07 | $1.35 | — | — | — |
| 2025-08-01 | $1.35 | — | — | — |
| 2025-05-02 | $1.35 | — | — | — |
| 2025-02-07 | $1.35 | — | — | — |
| 2024-11-01 | $1.35 | — | — | — |
| 2024-08-02 | $1.35 | — | — | — |
| 2024-05-02 | $1.35 | — | — | — |
| 2024-02-01 | $1.35 | — | — | — |
| 2023-11-02 | $1.35 | — | — | — |
| 2023-08-03 | $1.35 | — | — | — |
| 2023-05-04 | $1.35 | — | — | — |
| 2023-02-02 | $1.35 | — | — | — |
| 2022-11-03 | $1.24 | — | — | — |
| 2022-08-05 | $1.24 | — | — | — |
| 2022-05-05 | $1.24 | — | — | — |
| 2022-02-03 | $1.24 | — | — | — |
| 2021-11-04 | $1.09 | — | — | — |
Insider Trading (Recent)
Last updated: Aug 9, 2026 12:06am (3h ago)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-07-27 | Barr Brian | A-Award | 1,456.00 | — | — |
Industry Benchmarks
Compares NSC against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
Not applicable for this companies
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
Not applicable for this companies
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
Not applicable for this companies
4h
Dividend Discount Model
— For dividend/income stocks only
Not applicable for this companies
4i
Book Value Analysis
— For deep value / turnaround stocks only
Not applicable for this companies
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
Not applicable for this companies
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for NSC — it's generated by the pipeline (
market-narrative step).
Claude Reading
No AI findings yet for NSC — they're generated by the
pipeline (
ai-findings step) when a report is run on this ticker.
GPT Reading
No GPT reading yet for NSC — it's generated by the
pipeline (
gpt-critique step) after the other Big-3 seats, when a
report is run on this ticker.
Grok Reading
No Grok reading yet for NSC — it's generated by the
pipeline (
grok-critique step) alongside the other Big-3 seats, when a
report is run on this ticker.
Advanced Analysis Forensic deep-dive · three lenses
Character & Durability Scorecard
Ten long-horizon business-character traits the Quality / Value / Sentiment lenses don’t break out, scored 1–10.
No scorecard yet for NSC — the ten traits are scored by the
pipeline (
ext-scorecard step) when a report is run on this ticker.
No community reviews yet for NSC.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
personal — only you see this
Sign in to save personal notes and rate your interest in this stock.
Data via Financial Modeling Prep · Cached for performance · twelvedata
v1.1.515 · 9f7cac68 · 2026-08-08 13:09:58