Norfolk Southern Corporation (NSC)

Pretax margin

Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Earnings before tax but after interest (EBT) US$ in thousands 3,665,000 3,329,000 2,320,000 4,130,000 3,878,000
Revenue US$ in thousands 12,180,000 12,123,000 12,156,000 12,745,000 11,142,000
Pretax margin 30.09% 27.46% 19.09% 32.40% 34.81%

December 31, 2025 calculation

Pretax margin = EBT ÷ Revenue
= $3,665,000K ÷ $12,180,000K
= 30.09%


Peer comparison

Dec 31, 2025

Company name
Symbol
Pretax margin
Norfolk Southern Corporation
NSC
30.09%
CSX Corporation
CSX
26.75%
Greenbrier Companies Inc
GBX
8.80%
Union Pacific Corporation
UNP
37.40%