What is the current annual net margin of NSC?

As of today, NSC annual net margin is 21.60%

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

NSC annual net margin is up +44.00% year-over-year

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

NSC annual net margin is down -19.85% over the past 3 years

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

NSC annual net margin is currently -57.80% below its historical high of 51.18% set on December 31, 2017

How does NSC annual net margin rank versus sector peers?

NSC annual net margin is higher than 93.89% of companies in Industrials sector

When is NSC next annual earnings release?

The next annual earnings release for NSC is on January 29, 2026

What is the current quarterly net margin of NSC?

As of today, NSC quarterly net margin is 22.91%

What is NSC quarterly net margin most recent change?

NSC quarterly net margin was down -7.10% on September 30, 2025

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

NSC quarterly net margin is down -36.40% year-over-year

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

NSC quarterly net margin is currently -41.51% below its historical high of 39.17% set on December 31, 1996

How does NSC quarterly net margin rank versus sector peers?

NSC quarterly net margin is higher than 93.18% of companies in Industrials sector

When is NSC next earnings release?

The next earnings release for NSC is on January 29, 2026

NSC Net Margin History & Chart Since 1980

Annual Net Margin

21.60%6.60%+44.00%

December 31, 2024

Summary

Current Value: As of today, NSC annual net margin is 21.60%, up +44.00% on December 31, 2024
Historical Performance: NSC annual net margin is down -19.85% over the past 3 years, and down -10.19% over the past 5 years
All-Time High Comparison: NSC annual net margin is currently -57.80% below its historical high of 51.18% set on December 31, 2017
3-Year Low Comparison: NSC annual net margin is +44.00% above its 3-year low of 15.00% reached on December 31, 2023
Sector Comparison: NSC annual net margin is higher than 93.89% of companies in Industrials sector

Net Margin Chart

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Series

Performance

NSC Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Net Margin	Dec 31, 24	21.60%	+44.0%	-19.9%	-10.2%	+67.8%
Quarterly Net Margin	Sep 30, 25	22.91%	-36.4%	-20.1%	+1.2%	+27.0%
Price	Jan 9, 26	$287.21	+21.2%	+13.0%	+13.1%	+341.6%
PE Ratio	Jan 9, 26	21.91	+7.0%	+19.7%	-32.3%	+34.8%
Annual Revenue	Dec 31, 24	$12.12B	-0.3%	+8.8%	+7.3%	+52.1%
Annual Net Income	Dec 31, 24	$2.62B	+43.6%	-12.8%	-3.6%	+155.3%
Annual Gross Margin	Dec 31, 24	31.05%	+34.4%	-20.8%	-9.9%	+26.1%
Annual Operating Margin	Dec 31, 24	31.05%	+34.4%	-20.8%	-9.9%	+26.1%

Net Margin Highs

NSC Annual Net Margin Highs Comparison
Period	High	Date	Current
3Y	25.64%	N/A	-15.8%
5Y	26.95%	Dec 31, 21	-19.9%
All	51.18%	Dec 31, 17	-57.8%

Net Margin Lows

NSC Annual Net Margin Lows Comparison
Period	Low	Date	Current
3Y	15.00%	Dec 31, 23	+44.0%
5Y	15.00%	Dec 31, 23	+44.0%
All	0.67%	Dec 31, 91	+3123.9%

Net Margin History

Year	Value	Change
2024	21.60%	+44.0%
2023	15.00%	-41.5%
2022	25.64%	-4.9%
2021	26.95%	+31.3%
2020	20.53%	-14.6%
2019	24.05%	+3.6%
2018	23.22%	-54.6%
2017	51.18%	+204.3%
2016	16.82%	+14.0%
2015	14.75%	-14.0%
2014	17.15%	+1.4%
2013	16.92%	+7.4%
2012	15.76%	-7.7%
2011	17.07%	+9.1%
2010	15.64%	+21.5%
2009	12.87%	-19.8%
2008	16.05%	+3.7%
2007	15.47%	-1.7%
2006	15.74%	+4.8%
2005	15.02%	+19.0%
2004	12.62%	+98.7%
2003	6.35%	-13.5%
2002	7.34%	+25.0%

Year	Value	Change
2001	5.87%	+110.4%
2000	2.79%	-39.3%
1999	4.60%	-69.2%
1998	14.93%	-9.8%
1997	16.55%	+2.5%
1996	16.15%	+5.8%
1995	15.27%	+4.7%
1994	14.58%	+18.5%
1993	12.30%	+1.6%
1992	12.11%	+1,707.5%
1991	0.67%	-94.4%
1990	12.04%	-9.9%
1989	13.36%	-6.1%
1988	14.23%	+239.6%
1987	4.19%	-67.1%
1986	12.72%	-2.8%
1985	13.08%	-4.4%
1984	13.68%	+20.8%
1983	11.32%	-7.6%
1982	12.25%	-12.6%
1981	14.01%	+8.5%
1980	12.91%	-

FAQ

What is the current annual net margin of NSC?
As of today, NSC annual net margin is 21.60%
What is 1-year change in NSC annual net margin?
NSC annual net margin is up +44.00% year-over-year
What is 3-year change in NSC annual net margin?
NSC annual net margin is down -19.85% over the past 3 years
How far is NSC annual net margin from its all-time high?
NSC annual net margin is currently -57.80% below its historical high of 51.18% set on December 31, 2017
How does NSC annual net margin rank versus sector peers?
NSC annual net margin is higher than 93.89% of companies in Industrials sector
When is NSC next annual earnings release?
The next annual earnings release for NSC is on January 29, 2026

Quarterly Net Margin

22.91%1.75%-7.10%

September 30, 2025

Summary

Current Value: As of today, NSC quarterly net margin is 22.91%, down -7.10% on September 30, 2025
Historical Performance: NSC quarterly net margin is down -36.40% year-over-year, and down -20.06% over the past 3 years
All-Time High Comparison: NSC quarterly net margin is currently -41.51% below its historical high of 39.17% set on December 31, 1996
3-Year Low Comparison: NSC quarterly net margin is +1224.28% above its 3-year low of 1.73% reached on March 31, 2024
Sector Comparison: NSC quarterly net margin is higher than 93.18% of companies in Industrials sector

Performance

NSC Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Net Margin	Sep 30, 25	22.91%	-7.1%	-36.4%	-20.1%	+1.2%
Annual Net Margin	Dec 31, 24	21.60%	–	+44.0%	-19.9%	-10.2%
Price	Jan 9, 26	$287.21	-2.6%	+21.2%	+13.0%	+13.1%
PE Ratio	Jan 9, 26	21.91	-2.6%	+7.0%	+19.7%	-32.3%
Quarterly Revenue	Sep 30, 25	$3.10B	-0.2%	+1.7%	-7.2%	+23.8%
Quarterly Net Income	Sep 30, 25	$711.00M	-7.3%	-35.3%	-25.8%	+25.4%
Quarterly Gross Margin	Sep 30, 25	33.16%	-6.6%	-19.5%	-11.7%	-1.1%
Quarterly Operating Margin	Sep 30, 25	33.16%	-6.6%	-19.5%	-11.7%	-1.1%

Quarterly Net Margin Highs

NSC Quarterly Net Margin Highs Comparison
Period	High	Date	Current
1Y	25.03%	Mar 31, 25	-8.5%
3Y	36.02%	Sep 30, 24	-36.4%
5Y	36.02%	Sep 30, 24	-36.4%
All	39.17%	Dec 31, 96	-41.5%

Quarterly Net Margin Lows

NSC Quarterly Net Margin Lows Comparison
Period	Low	Date	Current
1Y	22.91%	Sep 30, 25	at low
3Y	1.73%	Mar 31, 24	+1224.3%
5Y	1.73%	Mar 31, 24	+1224.3%
All	-32.09%	Dec 31, 91	+171.4%

Quarterly Net Margin History

Month	Value	Change
Sep 2025	22.91%	-7.1%
Jun 2025	24.66%	-1.5%
Mar 2025	25.03%	+3.4%
Dec 2024	24.21%	-32.8%
Sep 2024	36.02%	+49.0%
Jun 2024	24.18%	+1,297.7%
Mar 2024	1.73%	-89.9%
Dec 2023	17.12%	+6.6%
Sep 2023	16.06%	+34.4%
Jun 2023	11.95%	-19.5%
Mar 2023	14.85%	-39.1%
Dec 2022	24.37%	-15.0%
Sep 2022	28.66%	+13.9%
Jun 2022	25.17%	+4.4%
Mar 2022	24.12%	-9.5%
Dec 2021	26.65%	+1.1%
Sep 2021	26.37%	-9.9%
Jun 2021	29.26%	+14.9%
Mar 2021	25.46%	-2.4%
Dec 2020	26.08%	+15.2%
Sep 2020	22.63%	+20.4%
Jun 2020	18.80%	+29.8%
Mar 2020	14.48%	-41.4%
Dec 2019	24.72%	+7.1%
Sep 2019	23.09%	-6.2%
Jun 2019	24.62%	+3.4%
Mar 2019	23.80%	-1.5%
Dec 2018	24.17%	+1.8%
Sep 2018	23.75%	-2.9%
Jun 2018	24.47%	+20.7%
Mar 2018	20.28%	+7.2%
Sep 2017	18.91%	+0.5%
Jun 2017	18.81%	+12.1%
Mar 2017	16.78%	+0.4%
Dec 2016	16.71%	-7.7%
Sep 2016	18.11%	+10.0%
Jun 2016	16.46%	+3.2%
Mar 2016	15.95%	+11.5%
Dec 2015	14.30%	-13.8%
Sep 2015	16.59%	+4.2%
Jun 2015	15.92%	+32.7%
Mar 2015	12.00%	-32.5%
Dec 2014	17.77%	-3.7%
Sep 2014	18.46%	+0.3%
Jun 2014	18.41%	+35.3%
Mar 2014	13.61%	-23.3%
Dec 2013	17.74%	+4.4%
Sep 2013	17.00%	+2.7%
Jun 2013	16.56%	+1.2%
Mar 2013	16.36%	+6.9%
Dec 2012	15.31%	+3.3%
Sep 2012	14.82%	-18.4%
Jun 2012	18.16%	+24.5%
Mar 2012	14.59%	-14.4%
Dec 2011	17.05%	-10.8%
Sep 2011	19.11%	-1.3%
Jun 2011	19.37%	+57.1%
Mar 2011	12.33%	-26.3%
Dec 2010	16.72%	-7.3%
Sep 2010	18.04%	+12.4%
Jun 2010	16.05%	+40.9%
Mar 2010	11.39%	-21.3%
Dec 2009	14.48%	-0.8%
Sep 2009	14.59%	+10.6%
Jun 2009	13.19%	+46.4%
Mar 2009	9.01%	-50.0%
Dec 2008	18.03%	+0.7%
Sep 2008	17.90%	+9.5%
Jun 2008	16.35%	+40.9%
Mar 2008	11.60%	-28.5%
Dec 2007	16.22%	-0.6%
Sep 2007	16.32%	-1.3%
Jun 2007	16.53%	+30.8%
Mar 2007	12.64%	-23.9%
Dec 2006	16.60%	-4.5%
Sep 2006	17.38%	+10.8%
Jun 2006	15.68%	+18.4%
Mar 2006	13.24%	-17.5%
Dec 2005	16.04%	+14.8%
Sep 2005	13.97%	-29.0%
Jun 2005	19.68%	+99.0%
Mar 2005	9.89%	-27.0%
Dec 2004	13.55%	-12.6%

Month	Value	Change
Sep 2004	15.51%	+32.0%
Jun 2004	11.75%	+25.9%
Mar 2004	9.33%	+201.0%
Dec 2003	3.10%	-63.8%
Sep 2003	8.57%	+2.1%
Jun 2003	8.39%	+53.9%
Mar 2003	5.45%	-33.2%
Dec 2002	8.16%	+3.6%
Sep 2002	7.88%	+5.5%
Jun 2002	7.47%	+30.1%
Mar 2002	5.74%	-23.7%
Dec 2001	7.52%	+43.5%
Sep 2001	5.24%	-22.0%
Jun 2001	6.72%	+69.7%
Mar 2001	3.96%	+1,100.0%
Dec 2000	0.33%	-94.9%
Sep 2000	6.53%	-11.2%
Jun 2000	7.35%	+329.0%
Mar 2000	-3.21%	-252.1%
Dec 1999	2.11%	+66.1%
Sep 1999	1.27%	-80.3%
Jun 1999	6.45%	-40.7%
Mar 1999	10.87%	-30.1%
Dec 1998	15.56%	+13.2%
Sep 1998	13.74%	-20.7%
Jun 1998	17.33%	+428.4%
Mar 1998	3.28%	-84.4%
Dec 1997	21.09%	+30.0%
Sep 1997	16.22%	+11.2%
Jun 1997	14.58%	+19.1%
Mar 1997	12.24%	-68.8%
Dec 1996	39.17%	+134.6%
Sep 1996	16.70%	+1.9%
Jun 1996	16.39%	+13.3%
Mar 1996	14.47%	-59.2%
Dec 1995	35.50%	+128.6%
Sep 1995	15.53%	+2.0%
Jun 1995	15.22%	+1.5%
Mar 1995	14.99%	-0.3%
Dec 1994	15.03%	+4.6%
Sep 1994	14.37%	-6.5%
Jun 1994	15.37%	+14.2%
Mar 1994	13.46%	-8.4%
Dec 1993	14.69%	+68.1%
Sep 1993	8.74%	-34.1%
Jun 1993	13.26%	-59.1%
Mar 1993	32.45%	+196.9%
Dec 1992	10.93%	-10.9%
Sep 1992	12.27%	-2.9%
Jun 1992	12.64%	+0.1%
Mar 1992	12.63%	+139.4%
Dec 1991	-32.09%	-349.3%
Sep 1991	12.87%	+7.0%
Jun 1991	12.03%	+28.1%
Mar 1991	9.39%	-9.9%
Dec 1990	10.42%	-14.3%
Sep 1990	12.16%	-8.0%
Jun 1990	13.22%	+7.3%
Mar 1990	12.32%	-7.9%
Dec 1989	13.38%	+1.5%
Sep 1989	13.18%	-10.9%
Jun 1989	14.80%	+23.0%
Mar 1989	12.03%	-22.1%
Dec 1988	15.44%	+0.1%
Sep 1988	15.43%	+8.3%
Jun 1988	14.25%	+24.3%
Mar 1988	11.46%	-30.1%
Dec 1987	16.39%	+168.0%
Sep 1987	-24.12%	-305.6%
Jun 1987	11.73%	-7.9%
Mar 1987	12.74%	-8.1%
Dec 1986	13.87%	+9.0%
Sep 1986	12.72%	-6.6%
Jun 1986	13.62%	+12.6%
Mar 1986	12.10%	+2.5%
Dec 1985	11.80%	-13.8%
Sep 1985	13.69%	-11.9%
Jun 1985	15.54%	+34.2%
Mar 1985	11.58%	-12.8%
Dec 1984	13.28%	-10.8%
Sep 1984	14.89%	+0.7%
Jun 1984	14.79%	+26.7%
Mar 1984	11.67%	-

FAQ

What is the current quarterly net margin of NSC?
As of today, NSC quarterly net margin is 22.91%
What is NSC quarterly net margin most recent change?
NSC quarterly net margin was down -7.10% on September 30, 2025
What is 1-year change in NSC quarterly net margin?
NSC quarterly net margin is down -36.40% year-over-year
How far is NSC quarterly net margin from its all-time high?
NSC quarterly net margin is currently -41.51% below its historical high of 39.17% set on December 31, 1996
How does NSC quarterly net margin rank versus sector peers?
NSC quarterly net margin is higher than 93.18% of companies in Industrials sector
When is NSC next earnings release?
The next earnings release for NSC is on January 29, 2026

Net Margin Formula

Net Margin = Net Income

Revenue × 100%

Data Sources & References

NSC Official Website www.norfolksouthern.com
Most Recent Quarterly Report (10-Q) www.sec.gov/Archives/edgar/data/702165/000162828025046128/0001628280-25-046128-index.htm
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/702165/000070216525000008/0000702165-25-000008-index.htm
NSC Profile on Yahoo Finance finance.yahoo.com/quote/NSC
NSC Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/nsc