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. Check NSC operating cash flow to net income to evaluate the quality of earnings relative to operating cash generation.
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. Explore Norfolk Southern Corporation (NSC) long-term investment share to see how much of total assets are deployed in long-term investments.
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 market value of Norfolk Southern Corporation.
| 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 | — |