NORFOLK SOUTHERN CORP (NSC) Spending and interest coverage
- R&D / revenue · 12 months: Value (m); Formula and calculation Research and development expense / revenue. Period ending 2026-06-30..
- Stock-based compensation / revenue · 12 months: Value (m); Formula and calculation Share-based compensation / revenue. Period ending 2026-06-30..
- Interest coverage · 12 months: Value (m); Formula and calculation Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified..
Spending and interest coverage
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| R&D / revenue · 12 months | (m) | Research and development expense / revenue. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Stock-based compensation / revenue · 12 months | (m) | Share-based compensation / revenue. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Interest coverage · 12 months | (m) | Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified. Calculation unavailable: missing inputs remain (m). |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Research and development spending | (m) | |
| Revenue | 12.54B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Stock-based compensation | (m) | |
| Operating income | 4.04B USD | Operating Income (Loss) |
| Interest expense · reported / estimated | (m) | Interest Expense · Estimated expense assumptions |
Latest interest expense basis: (m). Estimated values carry *; expand each history row’s basis for its dated balances and rate assumptions.
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Research and development spending (USD) | Revenue (USD) | Stock-based compensation (USD) | Operating income (USD) | Interest expense · reported / estimated (USD) | R&D / revenue | SBC / revenue | Interest coverage | Interest expense basis |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | (m) | $12.54B | (m) | $4.04B | (m) | (m) | (m) | (m) | (m) |
| 2026-03-31 | (m) | $12.19B | (m) | $4.09B | (m) | (m) | (m) | (m) | (m) |
| 2025-12-31 | (m) | $12.18B | (m) | $4.36B | (m) | (m) | (m) | (m) | (m) |
| 2025-09-30 | (m) | $12.23B | (m) | $4.55B | (m) | (m) | (m) | (m) | (m) |
| 2025-06-30 | (m) | $12.18B | (m) | $5.05B | (m) | (m) | (m) | (m) | (m) |
| 2025-03-31 | (m) | $12.11B | (m) | $5.00B | (m) | (m) | (m) | (m) | (m) |
| 2024-12-31 | (m) | $12.12B | (m) | $4.07B | $807.00M | (m) | (m) | 5.04× | Reported |
| 2024-09-30 | (m) | $12.17B | (m) | $3.75B | (m) | (m) | (m) | (m) | (m) |
| 2024-06-30 | (m) | $12.09B | (m) | $2.91B | (m) | (m) | (m) | (m) | (m) |
| 2024-03-31 | (m) | $12.03B | (m) | $2.35B | $748.00M | (m) | (m) | 3.15× | Reported |
| 2023-12-31 | (m) | $12.16B | (m) | $2.85B | $722.00M | (m) | (m) | 3.95× | Reported |
| 2023-09-30 | (m) | $12.32B | (m) | $3.22B | $704.00M | (m) | (m) | 4.58× | Reported |
| 2023-06-30 | (m) | $12.69B | (m) | $3.74B | $699.00M | (m) | (m) | 5.35× | Reported |
| 2023-03-31 | (m) | $12.96B | (m) | $4.43B | $699.00M | (m) | (m) | 6.34× | Reported |
| 2022-12-31 | (m) | $12.74B | (m) | $4.81B | $692.00M | (m) | (m) | 6.95× | Reported |
| 2022-09-30 | (m) | $12.36B | (m) | $4.76B | $680.00M | (m) | (m) | 7.00× | Reported |
| 2022-06-30 | (m) | $11.87B | (m) | $4.62B | $667.00M | (m) | (m) | 6.93× | Reported |
| 2022-03-31 | (m) | $11.42B | (m) | $4.52B | $658.00M | (m) | (m) | 6.86× | Reported |
| 2021-12-31 | (m) | $11.14B | (m) | $4.45B | $646.00M | (m) | (m) | 6.88× | Reported |
| 2021-09-30 | (m) | $10.86B | (m) | $4.30B | $641.00M | (m) | (m) | 6.71× | Reported |
| 2021-06-30 | (m) | $10.52B | (m) | $4.01B | $632.00M | (m) | (m) | 6.34× | Reported |
| 2021-03-31 | (m) | $9.80B | (m) | $3.45B | $627.00M | (m) | (m) | 5.50× | Reported |
| 2020-12-31 | (m) | $9.79B | (m) | $3.00B | $625.00M | (m) | (m) | 4.80× | Reported |
| 2020-09-30 | (m) | $9.91B | (m) | $2.98B | $617.00M | (m) | (m) | 4.83× | Reported |
| 2020-06-30 | (m) | $10.24B | (m) | $3.14B | $612.00M | (m) | (m) | 5.12× | Reported |
| 2020-03-31 | (m) | $11.08B | (m) | $3.59B | $609.00M | (m) | (m) | 5.90× | Reported |
| 2019-12-31 | (m) | $11.30B | (m) | $3.99B | $604.00M | (m) | (m) | 6.60× | Reported |
| 2019-09-30 | (m) | $11.50B | (m) | $4.11B | $600.00M | (m) | (m) | 6.84× | Reported |
| 2019-06-30 | (m) | $11.61B | (m) | $4.13B | $592.00M | (m) | (m) | 6.97× | Reported |
| 2019-03-31 | (m) | $11.58B | (m) | $4.09B | $570.00M | (m) | (m) | 7.18× | Reported |
| 2018-12-31 | (m) | $11.46B | (m) | $3.96B | $557.00M | (m) | (m) | 7.11× | Reported |
| 2018-09-30 | (m) | $11.23B | (m) | $3.94B | $543.00M | (m) | (m) | 7.26× | Reported |
| 2018-06-30 | (m) | $10.95B | (m) | $3.82B | $535.00M | (m) | (m) | 7.14× | Reported |
| 2018-03-31 | (m) | $10.69B | (m) | $3.66B | $544.00M | (m) | (m) | 6.74× | Reported |
| 2017-12-31 | (m) | $10.55B | (m) | $3.59B | $550.00M | (m) | (m) | 6.52× | Reported |
| 2017-09-30 | (m) | $10.37B | (m) | $3.33B | $558.00M | (m) | (m) | 5.97× | Reported |
| 2017-06-30 | (m) | $10.23B | (m) | $3.24B | $568.00M | (m) | (m) | 5.71× | Reported |
| 2017-03-31 | (m) | $10.04B | (m) | $3.12B | $566.00M | (m) | (m) | 5.52× | Reported |
| 2016-12-31 | (m) | $9.89B | (m) | $3.07B | $563.00M | (m) | (m) | 5.46× | Reported |
| 2016-09-30 | (m) | $9.92B | (m) | $2.96B | $563.00M | (m) | (m) | 5.25× | Reported |
| 2016-06-30 | (m) | $10.11B | (m) | $2.96B | $556.00M | (m) | (m) | 5.32× | Reported |
| 2016-03-31 | (m) | $10.36B | (m) | $3.00B | $552.00M | (m) | (m) | 5.44× | Reported |
| 2015-12-31 | (m) | $10.51B | (m) | $2.88B | $545.00M | (m) | (m) | 5.29× | Reported |
| 2015-09-30 | (m) | $10.86B | (m) | $3.13B | $532.00M | (m) | (m) | 5.89× | Reported |
| 2015-06-30 | (m) | $11.17B | (m) | $3.31B | $533.00M | (m) | (m) | 6.21× | Reported |
| 2015-03-31 | (m) | $11.50B | (m) | $3.51B | $538.00M | (m) | (m) | 6.53× | Reported |
| 2014-12-31 | (m) | $11.62B | (m) | $3.58B | $545.00M | (m) | (m) | 6.56× | Reported |
| 2014-09-30 | (m) | $11.63B | (m) | $3.56B | $553.00M | (m) | (m) | 6.45× | Reported |
| 2014-06-30 | (m) | $11.44B | (m) | $3.42B | $546.00M | (m) | (m) | 6.26× | Reported |
| 2014-03-31 | (m) | $11.20B | (m) | $3.23B | $535.00M | (m) | (m) | 6.04× | Reported |
| 2013-12-31 | (m) | $11.24B | (m) | $3.26B | $525.00M | (m) | (m) | 6.20× | Reported |
| 2013-09-30 | (m) | $11.05B | (m) | $3.09B | $517.00M | (m) | (m) | 5.98× | Reported |
| 2013-06-30 | (m) | $10.92B | (m) | $2.97B | $510.00M | (m) | (m) | 5.83× | Reported |
| 2013-03-31 | (m) | $10.99B | (m) | $3.07B | $504.00M | (m) | (m) | 6.09× | Reported |
| 2012-12-31 | (m) | $11.04B | (m) | $3.12B | $495.00M | (m) | (m) | 6.31× | Reported |
| 2012-09-30 | (m) | $11.15B | (m) | $3.21B | $482.00M | (m) | (m) | 6.66× | Reported |
| 2012-06-30 | (m) | $11.35B | (m) | $3.42B | $472.00M | (m) | (m) | 7.24× | Reported |
| 2012-03-31 | (m) | $11.34B | (m) | $3.36B | $463.00M | (m) | (m) | 7.25× | Reported |
| 2011-12-31 | (m) | $11.17B | (m) | $3.21B | $455.00M | (m) | (m) | 7.06× | Reported |
| 2011-09-30 | (m) | $10.77B | (m) | $3.06B | $454.00M | (m) | (m) | 6.73× | Reported |
| 2011-06-30 | (m) | $10.33B | (m) | $2.86B | $453.00M | (m) | (m) | 6.32× | Reported |
| 2011-03-31 | (m) | $9.90B | (m) | $2.72B | $455.00M | (m) | (m) | 5.98× | Reported |
| 2010-12-31 | (m) | $9.52B | (m) | $2.68B | $462.00M | (m) | (m) | 5.79× | Reported |
| 2010-09-30 | (m) | $9.23B | (m) | $2.58B | $466.00M | (m) | (m) | 5.54× | Reported |
| 2010-06-30 | (m) | $8.84B | (m) | $2.40B | $471.00M | (m) | (m) | 5.09× | Reported |
| 2010-03-31 | (m) | $8.26B | (m) | $2.13B | $469.00M | (m) | (m) | 4.55× | Reported |
| 2009-12-31 | (m) | $7.97B | (m) | $1.96B | $467.00M | (m) | (m) | 4.20× | Reported |
| 2009-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-12-31 | (m) | $10.66B | (m) | $3.08B | $444.00M | (m) | (m) | 6.95× | Reported |
| 2008-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2007-12-31 | (m) | $9.43B | (m) | $2.58B | $441.00M | (m) | (m) | 5.86× | Reported |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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