Stock Analysis on Net
Stock Analysis on Net

Norfolk Southern Corp. (NYSE:NSC)

$22.49

This company has been moved to the archive! The financial data has not been updated since April 27, 2022.

Net Profit Margin
since 2005

Microsoft Excel

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Calculation

Norfolk Southern Corp., net profit margin, long-term trends, calculation

Microsoft Excel
Net profit margin = 100 × Net income1 ÷ Railway operating revenues1
Dec 31, 2021 = 100 × ÷
Dec 31, 2020 = 100 × ÷
Dec 31, 2019 = 100 × ÷
Dec 31, 2018 = 100 × ÷
Dec 31, 2017 = 100 × ÷
Dec 31, 2016 = 100 × ÷
Dec 31, 2015 = 100 × ÷
Dec 31, 2014 = 100 × ÷
Dec 31, 2013 = 100 × ÷
Dec 31, 2012 = 100 × ÷
Dec 31, 2011 = 100 × ÷
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Dec 31, 2009 = 100 × ÷
Dec 31, 2008 = 100 × ÷
Dec 31, 2007 = 100 × ÷
Dec 31, 2006 = 100 × ÷
Dec 31, 2005 = 100 × ÷

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions

Net Income Trends
The net income showed a generally positive upward trend over the analyzed period, beginning at 1281 million USD in 2005 and reaching a peak of 5404 million USD in 2017. Despite some fluctuations, including a notable decline in 2009 to 1034 million USD, the overall trajectory was growth-oriented. After the peak in 2017, net income experienced some volatility, with values ranging between 2013 and 3005 million USD from 2018 to 2021.
Railway Operating Revenues Trends
The railway operating revenues displayed variability, rising from 8527 million USD in 2005 to a peak of 11624 million USD in 2014. There was a significant dip in 2009, corresponding with the decline seen in net income, dropping to 7969 million USD. Post-2014, revenues decreased somewhat and fluctuated within the range of approximately 9789 to 11458 million USD until 2021. The data reveals periods of growth interspersed with contractions, highlighting exposure to cyclical or external factors.
Net Profit Margin Trends
The net profit margin generally trended upwards, starting at 15.02% in 2005 and peaking dramatically at 51.22% in 2017. This sharp increase in 2017 marks an anomaly relative to prior years. Before and after this spike, the margin remained fairly stable between roughly 12.98% and 26.97%. The margin dipped during economic downturns, such as in 2009, but overall reflects solid profitability levels with increasing efficiency or cost management in the latter years of the period.
Correlations and Insights
The synchronized dip in both net income and railway operating revenues in 2009 suggests sensitivity to broader economic conditions, possibly the global financial crisis impact. The sharp increase in profit margin in 2017, despite relatively stable revenues, suggests extraordinary income or cost reductions that year. Following 2017, the declines in both net income and revenues align with a normalization of profit margins. These patterns imply that profitability improvements in 2017 were exceptional and not fully sustainable in subsequent years.

Comparison to Competitors

Norfolk Southern Corp., net profit margin, long-term trends, comparison to competitors

Microsoft Excel
Norfolk Southern Corp. FedEx Corp. Uber Technologies Inc. Union Pacific Corp. United Airlines Holdings Inc. United Parcel Service Inc.
Dec 31, 2021
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Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Transportation)

Norfolk Southern Corp., net profit margin, long-term trends, comparison to sector (transportation)

Microsoft Excel
Norfolk Southern Corp. Transportation
Dec 31, 2021
Dec 31, 2020
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Dec 31, 2017
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Dec 31, 2014
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Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Industrials)

Norfolk Southern Corp., net profit margin, long-term trends, comparison to industry (industrials)

Microsoft Excel
Norfolk Southern Corp. Industrials
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Dec 31, 2012
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Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).