Norfolk Southern Corporation Financial Flexibility Index
Norfolk Southern Corporation 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). See cash generation quality of Norfolk Southern Corporation to measure how efficiently the company converts operating cash flow to free cash.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of Norfolk Southern Corporation (1989–2025)
Financial flexibility index of Norfolk Southern Corporation from 1989 to 2025. Historical Financial Flexibility Index trend for Norfolk Southern Corporation across 37 annual periods. Check how high is Norfolk Southern Corporation's earnings quality to evaluate the quality of earnings relative to operating cash generation.
Norfolk Southern Corporation Financial Flexibility Index by Year (1989–2025)
Norfolk Southern Corporation financial flexibility index by year from 1989 to 2025. Year-by-year free cash flow to debt coverage for Norfolk Southern Corporation. For the full cash flow conversion analysis, see NSC cash flow conversion.
| 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 | — |