PerpEquities

Equity · Industrials

Is Norfolk Southern Railway (NSC) tradable as a perp? Not yet

Norfolk Southern Corporation is a major US rail transport provider, moving raw materials, finished goods, and merchandise, with an extensive network serving 22 states.

Not yet listed on any perp exchange

No perpetual-futures venue lists NSC yet. We track it continuously; as soon as the first listing appears, this page becomes a full market page. Until then: fundamentals below and tradable alternatives.

Similar stocks already tradable as perps
FDXHONNOCHWMURIUPS

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Company financials

Financials at a glance

Last report Q3 '26 · filed 2026-10-22 · next report 2027-01-28 · Updated 254h ago
All financials →

Valuation & key figures

Market cap
$74.1B
Updated 254h ago
Revenue
$13B
Trailing 12 months
Revenue growth
+10%
Next fiscal year
Profit margin
+20.7%
P/E
27.6
Peer P/E 20.1
P/S
5.7
Peer P/E
20.1
Similar listed perps
Free cash flow
$3.9B
Trailing 12 months
Net income
$2.7B
Trailing 12 months
Revenue estimate
$13.4B
Next fiscal year
Earnings
2027-02-04
Revenue est. $3.5B · Updated 254h ago
Dividend
$1.35
2026-11-06
Revenue (TTM)$13B+6.0% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)31.5%-2.5 pp vs a year agoOperating income $4.09B
Net income (TTM)$2.68B-9.4% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$3.85B+83.5% vs a year agoCapex -$68M
Diluted EPS (TTM)$11.93-9.0% vs a year agoSum of the last 4 quarters
Net cash-$15B+4.1% vs a year agoCash + short-term investments - debt
  • Last report (2026-10-22): revenue beat by 0.6%, EPS beat by 4.6%Revenue $3.5B vs $3.48B expected (+0.6%); EPS $3.62 vs $3.46 (+4.6%).
  • Revenue growth accelerating: 13.6% year on yearQ3 '26 revenue $3.53B, against an average of 2.9% over the four quarters before.
  • Operating margin 31.5% (TTM), -2.5 pp on a year agoOperating income grew -1.8% while revenue grew 6.0%.
  • 19.3% of pre-tax profit is eaten by non-operating lossesPre-tax income $3.43B vs operating income $4.09B (TTM). Losses on equity stakes and other one-off items cut net income and EPS - operating income is the cleaner measure of the business.

Revenue, operating income and growth

quarterly

Segments in Q3 '26

from the filing
SegmentRevenuey/yOp. incomeMargin
Reportable Segment$3.53B+13.6%$1.15B32.6%
In the full financialsIncome statement, balance sheet and cash flow (12 quarters / 10 years) · margins and cost structure · capital allocation and buybacks · valuation against the 5-year range · analyst estimates · all 212 lines Norfolk Southern Corporation reported to the SEC

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202613.03$13.4B+10%13
FY 202714.47$14.2B+16%13
FY 202815.93$14.8B+21%7
FY 202917.39$15.4B+26%2
FY 203018.53$16.2B+33%4
Q1 20283.45$3.5B+17%6

Company events

6
2027-02-04EarningsActual - / Estimate 3.27-
2026-11-06Dividend$1.35-
2026-10-22Earnings · Before market openActual 3.62 / Estimate 3.46Beat
2026-08-07Dividend$1.35-
2026-07-23EarningsActual 3.52 / Estimate 3.32Beat
2026-05-08Dividend$1.35-

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
FDX$73.4B0.819.4+4.1%1HON$70.1B2.310.0+23.0%3NOC$78.3B1.817.4+10.4%6HWM$79.5B8.238.9+21.1%2URI$68.4B3.924.2+16.3%2UPS$81.1B0.920.8+4.8%2CMI$65B1.924.0+7.8%2MELCO$61.8B1.518.9+8.2%1

Analyst track record

How the analysts covering NSC have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings108364
Analysts2231
Buy / hold / sell38 / 70 / 0199 / 156 / 9
Upgrades / downgrades / initiations0 / 3 / 26 / 14 / 8
Price targets hit / missed54 / 44 (55%)303 / 46 (87%)
Avg. return after a rating (TipRanks)+1.0%+19.7%
Best / worst call+18.8% / -14.5%+96.7% / -14.5%

After buy calls on this stock: median 21-day move +2.6% vs S&P 500 -0.4% (n = 206)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Brian OssenbeckJ.P. Morgan100% hit rate on this stock · 13 targets measuredHoldtarget $323Oct 23, 2026
  2. Walter SpracklinRBC Capital100% hit rate on this stock · 10 targets measuredHoldtarget $350Oct 22, 2026
  3. Nathan MartinBenchmark Co.100% hit rate on this stock · 9 targets measuredHoldno targetJan 16, 2026

Latest ratings

DateAnalystCallTarget
Oct 30, 2026Christian WetherbeeWells FargoBuyMaintained$385article ↗
Oct 27, 2026Christopher StathoulopoulosSusquehannaHoldMaintained$350article ↗
Oct 27, 2026Christopher StathoulopoulosSusquehannaHoldMaintained$350
Oct 26, 2026Thomas WadewitzUBSHoldMaintained$363article ↗
Oct 23, 2026Jason SeidlTD CowenBuyReiterated$379article ↗
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$300$320$340$360Dec 25 · Buy 6 · Hold 11 · Sell 0Dec 25Jan 26 · Buy 5 · Hold 10 · Sell 0Feb 26 · Buy 4 · Hold 11 · Sell 0Feb 26Mar 26 · Buy 4 · Hold 11 · Sell 0Apr 26 · Buy 4 · Hold 11 · Sell 0Apr 26May 26 · Buy 5 · Hold 11 · Sell 0Jun 26 · Buy 5 · Hold 12 · Sell 0Jun 26Jul 26 · Buy 5 · Hold 13 · Sell 0Aug 26 · Buy 5 · Hold 12 · Sell 0Aug 26Sep 26 · Buy 5 · Hold 12 · Sell 0Oct 26 · Buy 5 · Hold 13 · Sell 0Oct 26Nov 26 · Buy 5 · Hold 13 · Sell 0Dec 25 · avg. target $309Jan 26 · avg. target $308Feb 26 · avg. target $308Mar 26 · avg. target $313Apr 26 · avg. target $331May 26 · avg. target $331Jun 26 · avg. target $336Jul 26 · avg. target $363Aug 26 · avg. target $365Sep 26 · avg. target $363Oct 26 · avg. target $360Nov 26 · avg. target $360Dec 25 · month-end close $289Jan 26 · month-end close $291Feb 26 · month-end close $315Mar 26 · month-end close $287Apr 26 · month-end close $316May 26 · month-end close $305Jun 26 · month-end close $315Jul 26 · month-end close $335Aug 26 · month-end close $343Sep 26 · month-end close $309Oct 26 · month-end close $343Nov 26 · month-end close $343

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data · computed Oct 30, 2026 · 108 ratings