Norfolk Southern Corporation (NSC) — Financial Flexibility Index
Norfolk Southern Corporation (NSC) has a Financial Flexibility Index of 0.09x as of December 2025. Free cash flow of $2.54 Billion (operating CF $1.06 Billion minus capex $1.48 Billion) represents 0% of total liabilities ($29.69 Billion). Check NSC capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Norfolk Southern Corporation Financial Flexibility Index (1989–2025)
Historical Financial Flexibility Index trend for Norfolk Southern Corporation across 37 annual periods. For the full cash flow conversion analysis, see Norfolk Southern Corporation operating cash flow efficiency.
Annual Financial Flexibility Index for Norfolk Southern Corporation (1989–2025)
Year-by-year free cash flow to debt coverage for Norfolk Southern Corporation. Explore NSC debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.22x | $6.57 Billion | $4.36 Billion | $29.69 Billion | ▲ +1.0% |
| 2024 | 0.22x | $6.43 Billion | $4.05 Billion | $29.38 Billion | ▲ +14.4% |
| 2023 | 0.19x | $5.53 Billion | $3.18 Billion | $28.87 Billion | ▼ -18.8% |
| 2022 | 0.24x | $6.17 Billion | $4.22 Billion | $26.15 Billion | ▲ +2.4% |
| 2021 | 0.23x | $5.72 Billion | $4.25 Billion | $24.85 Billion | ▲ +4.0% |
| 2020 | 0.22x | $5.13 Billion | $3.64 Billion | $23.17 Billion | ▼ -14.8% |
| 2019 | 0.26x | $5.91 Billion | $3.89 Billion | $22.74 Billion | ▼ -4.4% |
| 2018 | 0.27x | $5.68 Billion | $3.73 Billion | $20.88 Billion | ▲ +5.8% |
| 2017 | 0.26x | $4.98 Billion | $3.25 Billion | $19.35 Billion | ▲ +17.5% |
| 2016 | 0.22x | $4.92 Billion | $3.03 Billion | $22.48 Billion | ▼ -8.2% |
| 2015 | 0.24x | $5.26 Billion | $2.88 Billion | $22.07 Billion | ▼ -0.1% |
| 2014 | 0.24x | $4.97 Billion | $2.85 Billion | $20.83 Billion | ▲ +0.1% |
| 2013 | 0.24x | $5.05 Billion | $3.08 Billion | $21.19 Billion | ▼ -7.6% |
| 2012 | 0.26x | $5.31 Billion | $3.06 Billion | $20.58 Billion | ▼ -10.9% |
| 2011 | 0.29x | $5.39 Billion | $3.23 Billion | $18.63 Billion | ▲ +21.2% |
| 2010 | 0.24x | $4.18 Billion | $2.71 Billion | $17.53 Billion | ▲ +28.6% |
| 2009 | 0.19x | $3.16 Billion | $1.86 Billion | $17.02 Billion | ▼ -27.4% |
| 2008 | 0.26x | $4.27 Billion | $2.71 Billion | $16.70 Billion | ▲ +14.3% |
| 2007 | 0.22x | $3.67 Billion | $2.33 Billion | $16.42 Billion | ▲ +8.5% |
| 2006 | 0.21x | $3.38 Billion | $2.21 Billion | $16.41 Billion | ▲ +9.2% |
| 2005 | 0.19x | $3.13 Billion | $2.10 Billion | $16.57 Billion | ▲ +17.2% |
| 2004 | 0.16x | $2.70 Billion | $1.66 Billion | $16.76 Billion | ▲ +23.7% |
| 2003 | 0.13x | $1.77 Billion | $1.05 Billion | $13.61 Billion | ▲ +17.2% |
| 2002 | 0.11x | $1.49 Billion | $803.00 Million | $13.41 Billion | ▲ +5.6% |
| 2001 | 0.11x | $1.40 Billion | $654.00 Million | $13.28 Billion | ▼ -33.4% |
| 2000 | 0.16x | $2.07 Billion | $1.34 Billion | $13.10 Billion | ▲ +45.3% |
| 1999 | 0.11x | $1.45 Billion | $533.00 Million | $13.27 Billion | ▼ -28.0% |
| 1998 | 0.15x | $1.85 Billion | $890.00 Million | $12.21 Billion | ▼ -11.5% |
| 1997 | 0.17x | $2.02 Billion | $1.15 Billion | $11.86 Billion | ▼ -42.3% |
| 1996 | 0.30x | $1.89 Billion | $1.20 Billion | $6.39 Billion | ▼ -5.9% |
| 1995 | 0.31x | $1.90 Billion | $1.24 Billion | $6.02 Billion | ▼ -0.8% |
| 1994 | 0.32x | $1.86 Billion | $1.14 Billion | $5.85 Billion | ▲ +20.2% |
| 1993 | 0.26x | $1.54 Billion | $874.60 Million | $5.84 Billion | ▼ -3.6% |
| 1992 | 0.27x | $1.67 Billion | $958.20 Million | $6.11 Billion | ▲ +15.5% |
| 1991 | 0.24x | $1.42 Billion | $762.40 Million | $6.00 Billion | ▼ -21.1% |
| 1990 | 0.30x | $1.66 Billion | $994.70 Million | $5.54 Billion | ▼ -14.5% |
| 1989 | 0.35x | $1.76 Billion | $1.11 Billion | $5.01 Billion | — |