Norfolk Southern Corporation (NSC)

Cash conversion cycle

Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Days of inventory on hand (DOH) days 12.10 15.90 11.53 11.74
Days of sales outstanding (DSO) days 29.61 32.19 34.44 32.88 31.97
Number of days of payables days 96.98 43.01 60.06 32.44 45.78
Cash conversion cycle days -67.37 1.27 -9.72 11.97 -2.07

December 31, 2025 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= — + 29.61 – 96.98
= -67.37


Peer comparison

Dec 31, 2025

Company name
Symbol
Cash conversion cycle
Norfolk Southern Corporation
NSC
-67.37
CSX Corporation
CSX
0.00
Greenbrier Companies Inc
GBX
30.09
Union Pacific Corporation
UNP
0.00

See also:

Norfolk Southern Corporation Cash Conversion Cycle