Norfolk Southern Corporation (NSC) — Cash Flow Reinvestment Rate
Norfolk Southern Corporation (NSC) has a Cash Flow Reinvestment Rate of 1.39x as of December 2025, reinvesting $1.48 Billion (capex $1.48 Billion ) from operating cash flow of $1.06 Billion. See Norfolk Southern Corporation (NSC) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Norfolk Southern Corporation Cash Flow Reinvestment Rate (1989–2025)
Historical reinvestment intensity for Norfolk Southern Corporation across 37 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of Norfolk Southern Corporation.
Annual Cash Flow Reinvestment Rate for Norfolk Southern Corporation (1989–2025)
Year-by-year capital reinvestment analysis for Norfolk Southern Corporation. See Norfolk Southern Corporation financial flexibility index to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.51x | $2.20 Billion | $4.36 Billion | $2.20 Billion | ▼ -60.3% |
| 2024 | 1.27x | $5.16 Billion | $4.05 Billion | $2.38 Billion | ▼ -5.5% |
| 2023 | 1.35x | $4.29 Billion | $3.18 Billion | $2.35 Billion | ▲ +60.3% |
| 2022 | 0.84x | $3.55 Billion | $4.22 Billion | $1.95 Billion | ▲ +129.6% |
| 2021 | 0.37x | $1.56 Billion | $4.25 Billion | $1.47 Billion | ▼ -11.6% |
| 2020 | 0.41x | $1.51 Billion | $3.64 Billion | $1.49 Billion | ▼ -20.8% |
| 2019 | 0.52x | $2.04 Billion | $3.89 Billion | $2.02 Billion | ▼ -0.6% |
| 2018 | 0.53x | $1.96 Billion | $3.73 Billion | $1.95 Billion | ▼ -1.0% |
| 2017 | 0.53x | $1.73 Billion | $3.25 Billion | $1.72 Billion | ▼ -19.7% |
| 2016 | 0.66x | $2.01 Billion | $3.03 Billion | $1.89 Billion | ▼ -27.3% |
| 2015 | 0.91x | $2.62 Billion | $2.88 Billion | $2.38 Billion | ▲ +22.5% |
| 2014 | 0.74x | $2.12 Billion | $2.85 Billion | $2.12 Billion | ▲ +8.9% |
| 2013 | 0.68x | $2.10 Billion | $3.08 Billion | $1.97 Billion | ▼ -7.6% |
| 2012 | 0.74x | $2.26 Billion | $3.06 Billion | $2.24 Billion | ▲ +3.9% |
| 2011 | 0.71x | $2.29 Billion | $3.23 Billion | $2.16 Billion | ▼ -2.2% |
| 2010 | 0.73x | $1.97 Billion | $2.71 Billion | $1.47 Billion | ▼ -13.6% |
| 2009 | 0.84x | $1.56 Billion | $1.86 Billion | $1.30 Billion | ▲ +46.6% |
| 2008 | 0.57x | $1.56 Billion | $2.71 Billion | $1.56 Billion | ▼ -0.2% |
| 2007 | 0.57x | $1.34 Billion | $2.33 Billion | $1.34 Billion | ▲ +7.6% |
| 2006 | 0.53x | $1.18 Billion | $2.21 Billion | $1.18 Billion | ▲ +9.7% |
| 2005 | 0.49x | $1.02 Billion | $2.10 Billion | $1.02 Billion | ▼ -22.3% |
| 2004 | 0.63x | $1.04 Billion | $1.66 Billion | $1.04 Billion | ▼ -8.3% |
| 2003 | 0.68x | $720.00 Million | $1.05 Billion | $720.00 Million | ▼ -20.4% |
| 2002 | 0.86x | $689.00 Million | $803.00 Million | $689.00 Million | ▼ -24.8% |
| 2001 | 1.14x | $746.00 Million | $654.00 Million | $746.00 Million | ▲ +109.4% |
| 2000 | 0.54x | $731.00 Million | $1.34 Billion | $731.00 Million | ▼ -68.2% |
| 1999 | 1.71x | $912.00 Million | $533.00 Million | $912.00 Million | ▲ +59.3% |
| 1998 | 1.07x | $956.00 Million | $890.00 Million | $956.00 Million | ▲ +41.2% |
| 1997 | 0.76x | $875.00 Million | $1.15 Billion | $875.00 Million | ▲ +33.2% |
| 1996 | 0.57x | $688.20 Million | $1.20 Billion | $688.20 Million | ▲ +7.3% |
| 1995 | 0.53x | $658.90 Million | $1.24 Billion | $658.90 Million | ▼ -14.5% |
| 1994 | 0.62x | $712.90 Million | $1.14 Billion | $712.90 Million | ▼ -18.6% |
| 1993 | 0.77x | $669.20 Million | $874.60 Million | $669.20 Million | ▲ +2.4% |
| 1992 | 0.75x | $716.10 Million | $958.20 Million | $716.10 Million | ▼ -13.6% |
| 1991 | 0.86x | $659.40 Million | $762.40 Million | $659.40 Million | ▲ +28.5% |
| 1990 | 0.67x | $669.70 Million | $994.70 Million | $669.70 Million | ▲ +14.4% |
| 1989 | 0.59x | $651.60 Million | $1.11 Billion | $651.60 Million | — |