Norfolk Southern (WBO:NSCO) FCF Margin %: 17.75% (As of Jun. 2026) — 11% Above Median

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WBO:NSCO Norfolk Southern Corp WBO:NSCO
80 GF Score
Price €296.20
GF Value €236.15
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Norfolk Southern FCF Margin %?

Norfolk Southern WBO:NSCO -2.37% 80 FCF Margin % is 17.75% as of Jun. 2026, which is 11% above its 10-year median of 16.04. GuruFocus rates WBO:NSCO with a GF Score™ of 80/100 and a GF Value™ of €236.15 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,004 Transportation companies, Norfolk Southern ranks better than 75.3% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Norfolk Southern's Free Cash Flow for the three months ended in Jun. 2026 was €534 Mil. Norfolk Southern's Revenue for the three months ended in Jun. 2026 was €3,008 Mil. Therefore, Norfolk Southern's FCF Margin % for the quarter that ended in Jun. 2026 was 17.75%.

As of today, Norfolk Southern's current FCF Yield % is 2.16%.

The historical rank and industry rank for Norfolk Southern's FCF Margin % or its related term are showing as below:

WBO:NSCO' s FCF Margin % Range Over the Past 10 Years
Min: 7.01   Med: 16.04   Max: 25
Current: 12.98


During the past 13 years, the highest FCF Margin % of Norfolk Southern was 25.00%. The lowest was 7.01%. And the median was 16.04%.

WBO:NSCO's FCF Margin % is ranked better than
75.3% of 1004 companies
in the Transportation industry
Industry Median: 4.36 vs WBO:NSCO: 12.98


Norfolk Southern FCF Margin % Related Terms


Norfolk Southern FCF Margin % Historical Data

* Premium members only.

The historical data trend for Norfolk Southern's FCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Norfolk Southern FCF Margin % Chart

Norfolk Southern Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.00 17.84 7.01 13.78 17.71

Norfolk Southern Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.36 23.20 11.23 -1.27 17.75

WBO:NSCO vs CSX, WAB, TRN: FCF Margin % Comparison

For the Railroads subindustry, Norfolk Southern's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Norfolk Southern FCF Margin % vs Transportation Industry

For the Transportation industry and Industrials sector, Norfolk Southern's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Norfolk Southern's FCF Margin % falls into.


WBO:NSCO
80GF Score
Norfolk Southern Corp WBO:NSCO
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Norfolk Southern FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Norfolk Southern's FCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=1842.078/10401.72
=17.71 %

Norfolk Southern's FCF Margin for the quarter that ended in Jun. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=533.82/3007.62
=17.75 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of 17.75% mean?
Norfolk Southern (WBO:NSCO) has a FCF Margin % of 17.75% as of Jun. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Norfolk Southern and its competitors. This is 11% above median its historical median of 16.04. Over the past decade, Norfolk Southern's FCF Margin % has ranged from 7.01 to 25.00. According to the industry distribution chart, Norfolk Southern ranks #248 out of 1004 companies in the Transportation industry, placing it in the top 24.7%.
Is Norfolk Southern's FCF Margin % too high?
Norfolk Southern's current FCF Margin % of 17.75% is 11% above median its 10-year median of 16.04. Over the past 10 years, this metric has ranged from a low of 7.01 to a high of 25.00. The Transportation industry median FCF Margin % is 4.36. Norfolk Southern's value of 17.75% is 307.1% above this industry median. Based on the distribution chart, Norfolk Southern ranks #248 out of 1004 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Norfolk Southern has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Norfolk Southern's FCF Margin % compare to CSX and WAB?
According to the Transportation industry distribution chart, Norfolk Southern ranks #248 out of 1004 companies for FCF Margin %. This places Norfolk Southern in the top 25% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 4.36. Norfolk Southern's value of 17.75% is 307.1% above this benchmark. Historically, Norfolk Southern's own FCF Margin % has ranged from 7.01 to 25.00 over the past decade. While the company's 10-year median is 16.04 vs. the industry median of 4.36, Norfolk Southern has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Transportation company?
The median FCF Margin % among Transportation companies is 4.36, based on 1,004 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Norfolk Southern's current FCF Margin % of 17.75% is 307.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Norfolk Southern and its competitors. For the Transportation industry, the median FCF Margin % is 4.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norfolk Southern's current FCF Margin % is 17.75%, which is 11% above median its own 10-year median of 16.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norfolk Southern stock overvalued right now?
Based on GuruFocus' analysis, Norfolk Southern (WBO:NSCO) is currently considered Modestly Overvalued. The stock's GF Value™ is €236.15, compared to a current price of €296.20 — trading 25.4% above its estimated fair value. The current FCF Margin % is 17.75%, which is 11% above median its 10-year median of 16.04 and 307.1% above the Transportation industry median of 4.36. Norfolk Southern's overall GF Score™ is 80/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Norfolk Southern (WBO:NSCO), the current FCF Margin % is 17.75% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Norfolk Southern (WBO:NSCO) Overvalued in 2026?

Based on GuruFocus' analysis, Norfolk Southern stock appears to be overvalued. The current stock price of €296.20 is trading 25.4% above its estimated GF Value™ of €236.15. GuruFocus considers Norfolk Southern to be Modestly Overvalued.

Key valuation signals for WBO:NSCO:

  • FCF Margin %: 17.75% (11% above median its 10-year median of 16.04)
  • GF Value™: €236.15 vs. price of €296.20 (25.4% above fair value)
  • GF Score™: 80/100 with 8 warning signs
  • Industry Position: 307.1% above the Transportation median (#248 of 1004)

No single metric tells the full story. See the WBO:NSCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Norfolk Southern Business Description

Address 650 West Peachtree Street NW, Atlanta, GA, USA, 30308-1925
Class I railroad Norfolk Southern operates in the Eastern United States. On more than 20,000 miles of track, the rail hauls shipments of coal, intermodal traffic, and a diverse mix of automotive, agricultural, metal, chemical, and forest products.
80GF Score

Get the complete analysis for WBO:NSCO

FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€296.20
Price
€236.15
GF Value