Norfolk Southern
At a glance
Norfolk Southern reported 2025 revenue of $12.18B, up 0.5% from $12.12B in 2024. Over 4 years since 2021 ($11.14B), that is growth of about 2.3% a year. Operating margin was 35.8%, down from 39.9% in 2021. Revenue peaked in 2022 at $12.74B.
In the last 12 months 3 insiders reported 2 open-market purchases ($527K) and 1 sale ($253K). None of the sales were flagged as 10b5-1 plan trades. The largest was a purchase of $467K by Director Sameh Fahmy on Nov 6, 2025. Net, insiders were buyers of $274K.
Norfolk Southern filed 10 current reports (Form 8-K) in the last 12 months, most often for results of operations (4), shareholder vote results (2), officer or director change (1) and material agreement (1). The latest officer or director change was reported on Jun 1, 2026. It reported a material agreement or a completed acquisition or disposal 1 time.
2 of the 20 investors tracked here held Norfolk Southern at the last quarter end, worth $361.2M combined. It is the largest weight for Third Point (4.1% of its portfolio), followed by National Pension Service (Korea) (0.1%). Added: Third Point and National Pension Service (Korea).
Annual results
| Year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net income | $3B | $3.27B | $1.83B | $2.62B | $2.87B |
| Diluted EPS | $12.11 | $13.88 | $8.02 | $11.57 | $12.75 |
| Dividend per share | $4.16 | $4.96 | $5.40 | $5.40 | $5.40 |
Fiscal year ends Dec 31 · incorporated in VA
Tracked investors holding (13F)
Weight is the share of each investor's portfolio, as of the quarter end.
Current reports (8-K, last 12 months)
Insider open-market trades (last 12 months)
Source: SEC EDGAR. How figures are combined