What is the current annual gross margin of NSC?

As of today, NSC annual gross margin is 35.94%

What is 1-year change in NSC annual gross margin?

NSC annual gross margin is up +15.75% year-over-year

What is 3-year change in NSC annual gross margin?

NSC annual gross margin is down -3.23% over the past 3 years

How far is NSC annual gross margin from its all-time high?

NSC annual gross margin is currently -60.69% below its historical high of 91.43% set on December 31, 1991

How does NSC annual gross margin rank versus sector peers?

NSC annual gross margin is higher than 71.49% of companies in Industrials sector

When is NSC next annual earnings release?

As of today, the next annual earnings release for NSC has not been scheduled

What is the current quarterly gross margin of NSC?

As of today, NSC quarterly gross margin is 31.51%

What is NSC quarterly gross margin most recent change?

NSC quarterly gross margin was down -4.98% on December 31, 2025

What is 1-year change in NSC quarterly gross margin?

NSC quarterly gross margin is down -12.81% year-over-year

How far is NSC quarterly gross margin from its all-time high?

NSC quarterly gross margin is currently -83.52% below its historical high of 191.15% set on December 31, 1996

How does NSC quarterly gross margin rank versus sector peers?

NSC quarterly gross margin is higher than 65.03% of companies in Industrials sector

When is NSC next earnings release?

The next earnings release for NSC is on April 23, 2026

NSC Gross Margin History & Chart Since 1980

Annual Gross Margin

35.94%4.89%+15.75%

December 31, 2025

Summary

Current Value: As of today, NSC annual gross margin is 35.94%, up +15.75% on December 31, 2025
Historical Performance: NSC annual gross margin is down -3.23% over the past 3 years, and up +3.57% over the past 5 years
All-Time High Comparison: NSC annual gross margin is currently -60.69% below its historical high of 91.43% set on December 31, 1991
3-Year Low Comparison: NSC annual gross margin is +55.58% above its 3-year low of 23.10% reached on December 31, 2023
Sector Comparison: NSC annual gross margin is higher than 71.49% of companies in Industrials sector

Gross Margin Chart

Add series to chart

Add series to chart1/6

Company, ETF, index, screener or watchlist

Series

Performance

NSC Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Dec 31, 25	35.94%	+15.8%	-3.2%	+3.6%	+28.1%
Quarterly Gross Margin	Dec 31, 25	31.51%	-12.8%	-11.8%	-17.6%	+17.4%
Price	Jan 30, 26	$291.24	+13.2%	+22.3%	+23.1%	+382.4%
PE Ratio	Jan 30, 26	22.86	+2.8%	+33.3%	-24.2%	+51.4%
Annual Revenue	Dec 31, 25	$12.18B	+0.5%	-4.4%	+24.4%	+28.0%
Annual Gross Profit	Dec 31, 25	$4.38B	+16.3%	-7.5%	+28.9%	+64.0%
Annual Operating Margin	Dec 31, 25	35.94%	+15.8%	-3.2%	+3.6%	+28.1%
Annual Net Margin	Dec 31, 25	23.59%	+9.2%	-8.0%	+14.9%	+50.8%

Gross Margin Highs

NSC Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	37.14%	N/A	-3.2%
5Y	39.18%	Dec 31, 21	-8.3%
All	91.43%	Dec 31, 91	-60.7%

Gross Margin Lows

NSC Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	23.10%	Dec 31, 23	+55.6%
5Y	23.10%	Dec 31, 23	+55.6%
All	0.00%	Dec 1, 80	N/A

Gross Margin History

Year	Value	Change
2025	35.94%	+15.7%
2024	31.05%	+34.4%
2023	23.10%	-37.8%
2022	37.14%	-5.2%
2021	39.18%	+12.9%
2020	34.70%	+0.7%
2019	34.46%	-0.3%
2018	34.55%	+3.5%
2017	33.38%	+7.5%
2016	31.05%	+13.4%
2015	27.39%	-10.8%
2014	30.71%	+6.2%
2013	28.91%	+2.4%
2012	28.24%	-1.6%
2011	28.70%	+2.3%
2010	28.05%	+13.9%
2009	24.62%	-14.9%
2008	28.93%	+6.0%
2007	27.29%	+0.4%
2006	27.18%	-10.7%
2005	30.43%	+7.3%
2004	28.35%	+17.5%
2003	24.13%	-0.6%

Year	Value	Change
2002	24.27%	+9.7%
2001	22.12%	+14.8%
2000	19.26%	-23.8%
1999	25.27%	-27.6%
1998	34.90%	-13.4%
1997	40.28%	+21.7%
1996	33.10%	-57.5%
1995	77.89%	+0.6%
1994	77.41%	+38.1%
1993	56.05%	-38.7%
1992	91.39%	-0.0%
1991	91.43%	>+9,900.0%
1990	0.00%	0.0%
1989	0.00%	0.0%
1988	0.00%	0.0%
1987	0.00%	0.0%
1986	0.00%	0.0%
1985	0.00%	0.0%
1984	0.00%	0.0%
1983	0.00%	0.0%
1982	0.00%	0.0%
1981	0.00%	0.0%
1980	0.00%	-

FAQ

What is the current annual gross margin of NSC?
As of today, NSC annual gross margin is 35.94%
What is 1-year change in NSC annual gross margin?
NSC annual gross margin is up +15.75% year-over-year
What is 3-year change in NSC annual gross margin?
NSC annual gross margin is down -3.23% over the past 3 years
How far is NSC annual gross margin from its all-time high?
NSC annual gross margin is currently -60.69% below its historical high of 91.43% set on December 31, 1991
How does NSC annual gross margin rank versus sector peers?
NSC annual gross margin is higher than 71.49% of companies in Industrials sector
When is NSC next annual earnings release?
As of today, the next annual earnings release for NSC has not been scheduled

Quarterly Gross Margin

31.51%1.65%-4.98%

December 31, 2025

Summary

Current Value: As of today, NSC quarterly gross margin is 31.51%, down -4.98% on December 31, 2025
Historical Performance: NSC quarterly gross margin is down -12.81% year-over-year, and down -11.76% over the past 3 years
All-Time High Comparison: NSC quarterly gross margin is currently -83.52% below its historical high of 191.15% set on December 31, 1996
3-Year Low Comparison: NSC quarterly gross margin is +203.27% above its 3-year low of 10.39% reached on March 31, 2024
Sector Comparison: NSC quarterly gross margin is higher than 65.03% of companies in Industrials sector

Performance

NSC Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Dec 31, 25	31.51%	-5.0%	-12.8%	-11.8%	-17.6%
Annual Gross Margin	Dec 31, 25	35.94%	–	+15.8%	-3.2%	+3.6%
Price	Jan 30, 26	$291.24	+3.4%	+13.2%	+22.3%	+23.1%
PE Ratio	Jan 30, 26	22.86	+6.4%	+2.8%	+33.3%	-24.2%
Quarterly Revenue	Dec 31, 25	$2.97B	-4.2%	-1.6%	-8.1%	+15.6%
Quarterly Gross Profit	Dec 31, 25	$937.00M	-8.9%	-14.3%	-18.9%	-4.8%
Quarterly Operating Margin	Dec 31, 25	31.51%	-5.0%	-12.8%	-11.8%	-17.6%
Quarterly Net Margin	Dec 31, 25	21.65%	-5.5%	-10.6%	-11.2%	-17.0%

Quarterly Gross Margin Highs

NSC Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	36.14%	N/A	-12.8%
3Y	41.17%	Sep 30, 24	-23.5%
5Y	41.17%	Sep 30, 24	-23.5%
All	191.15%	Dec 31, 96	-83.5%

Quarterly Gross Margin Lows

NSC Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	31.34%	Mar 31, 25	+0.5%
3Y	10.39%	Mar 31, 24	+203.3%
5Y	10.39%	Mar 31, 24	+203.3%
All	-26.93%	Dec 31, 91	+217.0%

Quarterly Gross Margin History

Month	Value	Change
Dec 2025	31.51%	-5.0%
Sep 2025	33.16%	-6.6%
Jun 2025	35.50%	+13.3%
Mar 2025	31.34%	-13.3%
Dec 2024	36.14%	-12.2%
Sep 2024	41.17%	+13.6%
Jun 2024	36.24%	+248.8%
Mar 2024	10.39%	-59.8%
Dec 2023	25.87%	+2.7%
Sep 2023	25.18%	+34.7%
Jun 2023	18.69%	-17.3%
Mar 2023	22.61%	-36.7%
Dec 2022	35.71%	-4.9%
Sep 2022	37.54%	-1.9%
Jun 2022	38.25%	+3.3%
Mar 2022	37.02%	-6.0%
Dec 2021	39.38%	-0.7%
Sep 2021	39.66%	+0.9%
Jun 2021	39.30%	+2.6%
Mar 2021	38.31%	+0.2%
Dec 2020	38.24%	+14.1%
Sep 2020	33.52%	+14.6%
Jun 2020	29.26%	-19.4%
Mar 2020	36.30%	+1.5%
Dec 2019	35.76%	+5.4%
Sep 2019	33.93%	-6.8%
Jun 2019	36.41%	+7.1%
Mar 2019	34.01%	-8.6%
Dec 2018	37.22%	+7.5%
Sep 2018	34.61%	-2.2%
Jun 2018	35.40%	+15.2%
Mar 2018	30.73%	-17.8%
Dec 2017	37.39%	+11.5%
Sep 2017	33.52%	+1.4%
Jun 2017	33.07%	+10.2%
Mar 2017	30.02%	-1.8%
Dec 2016	30.56%	-5.9%
Sep 2016	32.49%	+3.5%
Jun 2016	31.38%	+5.0%
Mar 2016	29.88%	+8.9%
Dec 2015	27.44%	-9.4%
Sep 2015	30.30%	+1.0%
Jun 2015	30.00%	+27.1%
Mar 2015	23.61%	-24.0%
Dec 2014	31.05%	-5.9%
Sep 2014	33.01%	-1.5%
Jun 2014	33.50%	+35.1%
Mar 2014	24.80%	-18.9%
Dec 2013	30.58%	+1.7%
Sep 2013	30.06%	+0.7%
Jun 2013	29.84%	+18.2%
Mar 2013	25.24%	-5.1%
Dec 2012	26.60%	-2.0%
Sep 2012	27.14%	-16.5%
Jun 2012	32.50%	+21.7%
Mar 2012	26.71%	-6.6%
Dec 2011	28.60%	-11.9%
Sep 2011	32.47%	+6.4%
Jun 2011	30.53%	+33.3%
Mar 2011	22.90%	-14.7%
Dec 2010	26.84%	-11.6%
Sep 2010	30.37%	+0.7%
Jun 2010	30.16%	+21.6%
Mar 2010	24.80%	-4.9%
Dec 2009	26.07%	-4.3%
Sep 2009	27.24%	+8.1%
Jun 2009	25.20%	+27.9%
Mar 2009	19.71%	-39.3%
Dec 2008	32.49%	+5.2%
Sep 2008	30.89%	+6.9%
Jun 2008	28.90%	+25.0%
Mar 2008	23.12%	-17.3%
Dec 2007	27.95%	-3.4%
Sep 2007	28.94%	-0.3%

Month	Value	Change
Jun 2007	29.02%	+23.5%
Mar 2007	23.50%	-11.3%
Dec 2006	26.48%	-11.4%
Sep 2006	29.88%	+5.6%
Jun 2006	28.30%	+18.3%
Mar 2006	23.93%	-9.1%
Dec 2005	26.32%	+7.4%
Sep 2005	24.50%	-10.8%
Jun 2005	27.48%	+33.7%
Mar 2005	20.55%	-28.1%
Dec 2004	28.58%	-3.3%
Sep 2004	29.56%	+2.7%
Jun 2004	28.79%	+9.6%
Mar 2004	26.28%	+2.7%
Dec 2003	25.60%	+2.8%
Sep 2003	24.91%	+2.5%
Jun 2003	24.31%	+12.6%
Mar 2003	21.59%	-76.4%
Dec 2002	91.52%	+46.8%
Sep 2002	62.33%	-0.4%
Jun 2002	62.59%	-1.4%
Mar 2002	63.48%	+169.8%
Dec 2001	23.53%	+6.9%
Sep 2001	22.02%	-6.0%
Jun 2001	23.43%	+20.3%
Mar 2001	19.48%	-79.5%
Dec 2000	95.01%	+165.9%
Sep 2000	35.73%	-6.5%
Jun 2000	38.21%	+60.0%
Mar 2000	23.88%	-61.4%
Dec 1999	61.93%	+106.0%
Sep 1999	30.07%	-4.8%
Jun 1999	31.57%	-7.6%
Mar 1999	34.17%	-32.2%
Dec 1998	50.39%	+46.7%
Sep 1998	34.35%	-6.4%
Jun 1998	36.70%	+4.9%
Mar 1998	34.99%	-78.3%
Dec 1997	161.02%	+122.3%
Sep 1997	72.42%	-7.3%
Jun 1997	78.14%	+96.5%
Mar 1997	39.77%	-79.2%
Dec 1996	191.15%	+146.2%
Sep 1996	77.65%	+0.8%
Jun 1996	77.04%	+0.6%
Mar 1996	76.59%	+9.3%
Dec 1995	70.05%	-10.8%
Sep 1995	78.54%	+2.0%
Jun 1995	77.02%	+1.3%
Mar 1995	76.03%	+0.3%
Dec 1994	75.77%	-1.7%
Sep 1994	77.05%	+1.6%
Jun 1994	75.83%	+0.8%
Mar 1994	75.26%	+14.2%
Dec 1993	65.90%	+1.9%
Sep 1993	64.66%	+11.8%
Jun 1993	57.82%	-5.1%
Mar 1993	60.91%	+4.9%
Dec 1992	58.05%	-3.0%
Sep 1992	59.83%	-3.3%
Jun 1992	61.90%	+0.6%
Mar 1992	61.56%	+328.6%
Dec 1991	-26.93%	-173.8%
Sep 1991	36.49%	+4.0%
Jun 1991	35.09%	+8.7%
Mar 1991	32.27%	-5.6%
Dec 1990	34.17%	-0.6%
Sep 1990	34.37%	-3.1%
Jun 1990	35.46%	+4.4%
Mar 1990	33.96%	-1.0%
Dec 1989	34.30%	-1.6%
Sep 1989	34.85%	-3.8%
Jun 1989	36.22%	-

FAQ

What is the current quarterly gross margin of NSC?
As of today, NSC quarterly gross margin is 31.51%
What is NSC quarterly gross margin most recent change?
NSC quarterly gross margin was down -4.98% on December 31, 2025
What is 1-year change in NSC quarterly gross margin?
NSC quarterly gross margin is down -12.81% year-over-year
How far is NSC quarterly gross margin from its all-time high?
NSC quarterly gross margin is currently -83.52% below its historical high of 191.15% set on December 31, 1996
How does NSC quarterly gross margin rank versus sector peers?
NSC quarterly gross margin is higher than 65.03% of companies in Industrials sector
When is NSC next earnings release?
The next earnings release for NSC is on April 23, 2026

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Data Sources & References

NSC Official Website www.norfolksouthern.com
Most Recent Quarterly Report (10-Q) www.sec.gov/Archives/edgar/data/702165/000119312526028244/0001193125-26-028244-index.htm
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/702165/000119312526028244/0001193125-26-028244-index.htm
NSC Profile on Yahoo Finance finance.yahoo.com/quote/NSC
NSC Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/nsc