Norfolk Southern Corporation (NSC) — 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). See net asset quality index of Norfolk Southern Corporation to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Norfolk Southern Corporation Capital Reinvestment Ratio (1989–2025)
This chart tracks Norfolk Southern Corporation's Capital Reinvestment Ratio across 37 annual periods. Check NSC cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
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 NSC market cap overview.
| 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 | — |