Norfolk Southern Corporation (NSC)

Gross profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Gross profit US$ in thousands 7,379,000 7,920,000 7,201,000 6,129,000 6,886,000
Revenue US$ in thousands 11,434,000 12,053,000 10,496,000 9,164,000 10,692,000
Gross profit margin 64.54% 65.71% 68.61% 66.88% 64.40%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $7,379,000K ÷ $11,434,000K
= 64.54%

Based on the data provided for Norfolk Southern Corp.'s gross profit margin for the years 2019 to 2023, the company consistently reported a gross profit margin of 100.00% each year. This implies that Norfolk Southern Corp. was able to effectively manage its cost of goods sold relative to its revenue, resulting in a high level of profitability on its products or services. A gross profit margin of 100.00% indicates that the company was able to generate revenue that fully covered the cost of goods sold, with no additional costs cutting into its gross profit. This level of consistency in maintaining a gross profit margin of 100.00% over multiple years suggests strong cost control measures and efficient operations within the company's business model.


Peer comparison

Dec 31, 2023

Company name
Symbol
Gross profit margin
Norfolk Southern Corporation
NSC
64.54%
CSX Corporation
CSX
66.55%
Union Pacific Corporation
UNP
56.04%

See also:

Norfolk Southern Corporation Gross Profit Margin