Norfolk Southern Corporation Free Cash Flow Generation Index

Latest as of December 2025: 2.39x

Norfolk Southern Corporation 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).

FCF Generation Index

2.39x
Free Cash Flow / Operating CF

Free Cash Flow

$2.54 Billion
USD

Operating Cash Flow

$1.06 Billion
USD

Capital Expenditures

$1.48 Billion
USD

Free Cash Flow Generation Index of Norfolk Southern Corporation (1989–2025)

Free cash flow generation index of Norfolk Southern Corporation from 1989 to 2025. Historical FCF Generation Index trend for Norfolk Southern Corporation across 37 annual periods. See financial flexibility index of Norfolk Southern Corporation to measure the company's free cash flow as a share of total liabilities.

Norfolk Southern Corporation Free Cash Flow Generation Index by Year (1989–2025)

Norfolk Southern Corporation free cash flow generation index by year from 1989 to 2025. Year-by-year Free Cash Flow Generation Index for Norfolk Southern Corporation. For the full cash flow conversion analysis, see Norfolk Southern Corporation cash conversion from operations.

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 —
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).