Norfolk Southern Corporation (NSC) — Cash Flow Reinvestment Rate

Latest as of December 2025: 1.39x

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. Explore NSC capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.

Reinvestment Rate

1.39x
(Capex + Investments) / Operating CF

Total Reinvested

$1.48 Billion
Capex + Investments

Operating Cash Flow

$1.06 Billion
USD

Capital Expenditures

$1.48 Billion
USD

Norfolk Southern Corporation Cash Flow Reinvestment Rate (1989–2025)

Historical reinvestment intensity for Norfolk Southern Corporation across 37 annual periods. Also explore NSC total assets for the complete picture of this company's asset base.

Annual Cash Flow Reinvestment Rate for Norfolk Southern Corporation (1989–2025)

Year-by-year capital reinvestment analysis for Norfolk Southern Corporation. For live market cap and broader valuation context, see Norfolk Southern Corporation stock valuation.

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
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow