Norfolk Southern Corporation (NSC) — Free Cash Flow Generation Index
Norfolk Southern Corporation (NSC) has a Free Cash Flow Generation Index of 2.39x as of December 2025. Free cash flow of $2.54 Billion represents 2% of operating cash flow ($1.06 Billion). See Norfolk Southern Corporation current assets vs equity to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Norfolk Southern Corporation Free Cash Flow Generation Index (1989–2025)
Historical FCF Generation Index trend for Norfolk Southern Corporation across 37 annual periods. Explore Norfolk Southern Corporation debt service capacity to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Norfolk Southern Corporation (1989–2025)
Year-by-year Free Cash Flow Generation Index for Norfolk Southern Corporation. For the full company profile including market capitalisation, see Norfolk Southern Corporation (NSC) market capitalisation.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.49x | $2.16 Billion | $4.36 Billion | $2.20 Billion | ▲ +19.9% |
| 2024 | 0.41x | $1.67 Billion | $4.05 Billion | $2.38 Billion | ▲ +57.9% |
| 2023 | 0.26x | $830.00 Million | $3.18 Billion | $2.35 Billion | ▼ -51.5% |
| 2022 | 0.54x | $2.27 Billion | $4.22 Billion | $1.95 Billion | ▼ -17.7% |
| 2021 | 0.65x | $2.79 Billion | $4.25 Billion | $1.47 Billion | ▲ +11.1% |
| 2020 | 0.59x | $2.14 Billion | $3.64 Billion | $1.49 Billion | ▲ +22.4% |
| 2019 | 0.48x | $1.87 Billion | $3.89 Billion | $2.02 Billion | ▲ +1.0% |
| 2018 | 0.48x | $1.77 Billion | $3.73 Billion | $1.95 Billion | ▲ +1.3% |
| 2017 | 0.47x | $1.53 Billion | $3.25 Billion | $1.72 Billion | ▲ +24.4% |
| 2016 | 0.38x | $1.15 Billion | $3.03 Billion | $1.89 Billion | ▲ +121.1% |
| 2015 | 0.17x | $492.00 Million | $2.88 Billion | $2.38 Billion | ▼ -33.6% |
| 2014 | 0.26x | $734.00 Million | $2.85 Billion | $2.12 Billion | ▼ -28.4% |
| 2013 | 0.36x | $1.11 Billion | $3.08 Billion | $1.97 Billion | ▲ +33.8% |
| 2012 | 0.27x | $824.00 Million | $3.06 Billion | $2.24 Billion | ▼ -18.7% |
| 2011 | 0.33x | $1.07 Billion | $3.23 Billion | $2.16 Billion | ▼ -27.9% |
| 2010 | 0.46x | $1.24 Billion | $2.71 Billion | $1.47 Billion | ▲ +52.0% |
| 2009 | 0.30x | $561.00 Million | $1.86 Billion | $1.30 Billion | ▼ -29.2% |
| 2008 | 0.43x | $1.16 Billion | $2.71 Billion | $1.56 Billion | ▲ +0.2% |
| 2007 | 0.43x | $992.00 Million | $2.33 Billion | $1.34 Billion | ▼ -8.8% |
| 2006 | 0.47x | $1.03 Billion | $2.21 Billion | $1.18 Billion | ▼ -9.2% |
| 2005 | 0.51x | $1.08 Billion | $2.10 Billion | $1.02 Billion | ▲ +37.5% |
| 2004 | 0.37x | $620.00 Million | $1.66 Billion | $1.04 Billion | ▲ +17.8% |
| 2003 | 0.32x | $334.00 Million | $1.05 Billion | $720.00 Million | ▲ +123.2% |
| 2002 | 0.14x | $114.00 Million | $803.00 Million | $689.00 Million | ▲ +200.9% |
| 2001 | -0.14x | $-92.00 Million | $654.00 Million | $746.00 Million | ▼ -130.9% |
| 2000 | 0.46x | $611.00 Million | $1.34 Billion | $731.00 Million | ▲ +164.0% |
| 1999 | -0.71x | $-379.00 Million | $533.00 Million | $912.00 Million | ▼ -858.9% |
| 1998 | -0.07x | $-66.00 Million | $890.00 Million | $956.00 Million | ▼ -131.0% |
| 1997 | 0.24x | $275.00 Million | $1.15 Billion | $875.00 Million | ▼ -44.2% |
| 1996 | 0.43x | $516.50 Million | $1.20 Billion | $688.20 Million | ▼ -8.3% |
| 1995 | 0.47x | $578.50 Million | $1.24 Billion | $658.90 Million | ▲ +24.0% |
| 1994 | 0.38x | $431.40 Million | $1.14 Billion | $712.90 Million | ▲ +60.5% |
| 1993 | 0.23x | $205.40 Million | $874.60 Million | $669.20 Million | ▼ -7.0% |
| 1992 | 0.25x | $242.10 Million | $958.20 Million | $716.10 Million | ▲ +87.0% |
| 1991 | 0.14x | $103.00 Million | $762.40 Million | $659.40 Million | ▼ -58.7% |
| 1990 | 0.33x | $325.00 Million | $994.70 Million | $669.70 Million | ▼ -20.6% |
| 1989 | 0.41x | $455.60 Million | $1.11 Billion | $651.60 Million | — |