Norfolk Southern Corporation Capital Reinvestment Ratio
Norfolk Southern Corporation capital reinvestment ratio. 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). Check NSC total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Norfolk Southern Corporation (1989–2025)
Capital reinvestment ratio of Norfolk Southern Corporation from 1989 to 2025. This chart tracks Norfolk Southern Corporation's Capital Reinvestment Ratio across 37 annual periods. Also explore net asset momentum of Norfolk Southern Corporation to track the company's year-over-year net asset growth rate.
Norfolk Southern Corporation Capital Reinvestment Ratio by Year (1989–2025)
Norfolk Southern Corporation capital reinvestment ratio by year from 1989 to 2025. For the full cash flow conversion analysis, see NSC cash generation efficiency.
| 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 | — |