Norfolk Southern Corporation (NSC) — Capital Reinvestment Ratio
Latest as of December 2025:
1.39x
Norfolk Southern Corporation (NSC) has a Capital Reinvestment Ratio of 1.39x as of December 2025, meaning it reinvests 1% of its operating cash flow ($1.06 Billion) in capital expenditures ($1.48 Billion). See Norfolk Southern Corporation free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
1.39x
Capex / Operating Cash Flow
Operating Cash Flow
$1.06 Billion
USD
Capital Expenditures
$1.48 Billion
USD
Data as of
Dec 2025
Most recent filing
Norfolk Southern Corporation Capital Reinvestment Ratio (1989–2025)
This chart tracks Norfolk Southern Corporation's Capital Reinvestment Ratio across 37 annual periods.
Annual Capital Reinvestment Ratio for Norfolk Southern Corporation (1989–2025)
Year-by-year Capital Reinvestment Ratio for Norfolk Southern Corporation from 1989 to 2025. For live market cap and broader valuation context, see Norfolk Southern Corporation stock valuation.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.51x | $4.36 Billion | $2.20 Billion | ▼ -14.0% |
| 2024 | 0.59x | $4.05 Billion | $2.38 Billion | ▼ -20.5% |
| 2023 | 0.74x | $3.18 Billion | $2.35 Billion | ▲ +60.1% |
| 2022 | 0.46x | $4.22 Billion | $1.95 Billion | ▲ +33.6% |
| 2021 | 0.35x | $4.25 Billion | $1.47 Billion | ▼ -15.9% |
| 2020 | 0.41x | $3.64 Billion | $1.49 Billion | ▼ -20.8% |
| 2019 | 0.52x | $3.89 Billion | $2.02 Billion | ▼ -0.9% |
| 2018 | 0.52x | $3.73 Billion | $1.95 Billion | ▼ -1.1% |
| 2017 | 0.53x | $3.25 Billion | $1.72 Billion | ▼ -14.8% |
| 2016 | 0.62x | $3.03 Billion | $1.89 Billion | ▼ -25.0% |
| 2015 | 0.83x | $2.88 Billion | $2.38 Billion | ▲ +11.6% |
| 2014 | 0.74x | $2.85 Billion | $2.12 Billion | ▲ +16.0% |
| 2013 | 0.64x | $3.08 Billion | $1.97 Billion | ▼ -12.4% |
| 2012 | 0.73x | $3.06 Billion | $2.24 Billion | ▲ +9.2% |
| 2011 | 0.67x | $3.23 Billion | $2.16 Billion | ▲ +23.6% |
| 2010 | 0.54x | $2.71 Billion | $1.47 Billion | ▼ -22.4% |
| 2009 | 0.70x | $1.86 Billion | $1.30 Billion | ▲ +21.7% |
| 2008 | 0.57x | $2.71 Billion | $1.56 Billion | ▼ -0.2% |
| 2007 | 0.57x | $2.33 Billion | $1.34 Billion | ▲ +7.6% |
| 2006 | 0.53x | $2.21 Billion | $1.18 Billion | ▲ +9.7% |
| 2005 | 0.49x | $2.10 Billion | $1.02 Billion | ▼ -22.3% |
| 2004 | 0.63x | $1.66 Billion | $1.04 Billion | ▼ -8.3% |
| 2003 | 0.68x | $1.05 Billion | $720.00 Million | ▼ -20.4% |
| 2002 | 0.86x | $803.00 Million | $689.00 Million | ▼ -24.8% |
| 2001 | 1.14x | $654.00 Million | $746.00 Million | ▲ +109.4% |
| 2000 | 0.54x | $1.34 Billion | $731.00 Million | ▼ -68.2% |
| 1999 | 1.71x | $533.00 Million | $912.00 Million | ▲ +59.3% |
| 1998 | 1.07x | $890.00 Million | $956.00 Million | ▲ +41.2% |
| 1997 | 0.76x | $1.15 Billion | $875.00 Million | ▲ +33.2% |
| 1996 | 0.57x | $1.20 Billion | $688.20 Million | ▲ +7.3% |
| 1995 | 0.53x | $1.24 Billion | $658.90 Million | ▼ -14.5% |
| 1994 | 0.62x | $1.14 Billion | $712.90 Million | ▼ -18.6% |
| 1993 | 0.77x | $874.60 Million | $669.20 Million | ▲ +2.4% |
| 1992 | 0.75x | $958.20 Million | $716.10 Million | ▼ -13.6% |
| 1991 | 0.86x | $762.40 Million | $659.40 Million | ▲ +28.5% |
| 1990 | 0.67x | $994.70 Million | $669.70 Million | ▲ +14.4% |
| 1989 | 0.59x | $1.11 Billion | $651.60 Million | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow