Norfolk Southern Corporation Retained Earnings 2011-2025 | NSC

Retained earnings — this is the portion of a company’s net profit that has not been distributed to shareholders as dividends but remains at the company’s disposal for future use. It is also referred to as retained income or accumulated earnings.

Possible uses include

reinvestment in development (R&D, equipment, marketing)
debt repayment
acquisition of other companies
creation of reserves for the future

A high level of retained earnings indicates that the company is in a growth phase, accumulating capital and prioritizing reinvestment over dividend payouts. Conversely, low or negative retained earnings may suggest either a generous dividend policy, in which all profits are distributed to shareholders, or ongoing losses that reduce the overall financial result.

The presence of retained earnings does not indicate that the company has available cash — it is solely an accounting figure reflecting the accumulated portion of net profit remaining after dividends have been paid. Therefore, it is important for investors to analyze not only the amount of retained earnings, but also how effectively it is used to develop the business, reduce debt, or build financial stability.

Annual Retained Earnings Norfolk Southern Corporation

2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
12.1 B	10.7 B	10.7 B	11.6 B	12.9 B	13.2 B	13.4 B	14.2 B	10.4 B	10.2 B	10.3 B	9.34 B	8.64 B	8.69 B

All numbers in USD currency

Indicator range from annual reports

Maximum	Minimum	Average
14.2 B	8.64 B	11.2 B

Quarterly Retained Earnings Norfolk Southern Corporation

2025-Q3	2025-Q2	2025-Q1	2024-Q4	2024-Q3	2024-Q2	2024-Q1	2023-Q4	2023-Q3	2023-Q2	2023-Q1	2022-Q4	2022-Q3	2022-Q2	2022-Q1	2021-Q4	2021-Q3	2021-Q2	2021-Q1	2020-Q4	2020-Q3	2020-Q2	2020-Q1	2019-Q4	2019-Q3	2019-Q2	2019-Q1	2018-Q4	2018-Q3	2018-Q2	2018-Q1	2017-Q4	2017-Q3	2017-Q2	2017-Q1	2016-Q4	2016-Q3	2016-Q2	2016-Q1	2015-Q4	2015-Q3	2015-Q2	2015-Q1	2014-Q4	2014-Q3	2014-Q2	2014-Q1	2013-Q4	2013-Q3	2013-Q2	2013-Q1	2012-Q4	2012-Q3	2012-Q2	2012-Q1	2011-Q4	2011-Q3	2011-Q2	2011-Q1
12.9 B	12.6 B	12.3 B	12.1 B	11.7 B	10.9 B	10.4 B	10.7 B	10.6 B	10.6 B	10.7 B	10.7 B	11 B	-	11.4 B	11.6 B	12 B	12.4 B	12.7 B	12.9 B	12.9 B	12.9 B	12.9 B	13.2 B	13.2 B	13.2 B	13.2 B	13.4 B	13.4 B	13.4 B	13.4 B	14.2 B	14.2 B	14.2 B	14.2 B	10.4 B	10.4 B	10.4 B	10.4 B	10.2 B	10.2 B	10.2 B	10.2 B	10.3 B	10.3 B	10.3 B	10.3 B	9.34 B	9.34 B	9.34 B	9.34 B	8.64 B	8.64 B	8.64 B	8.64 B	8.69 B	8.69 B	8.69 B	8.69 B

All numbers in USD currency

Indicator range from quarterly reporting

Maximum	Minimum	Average
14.2 B	8.64 B	11.3 B

Retained Earnings of other stocks in the Railroads industry

Issuer	Retained Earnings	Price	% 24h	Market Cap	Country
Kelso Technologies KIQ	-17.1 M	-	3.85 %	$ 14.3 M	Canada
Мостотрест MSTT	1.76 B	-	-	-	Russia
Kansas City Southern KSU	3.22 B	-	-0.95 %	$ 26.3 B	USA
Canadian Pacific Railway Limited CP	19.4 B	$ 74.57	-0.78 %	$ 69.6 B	Canada
Объединённая вагонная компания UWGN	-47.2 B	-	-	-	Russia
Объединённая вагонная компания VLHZ	3.54 M	-	-	-	Russia
Canadian National Railway Company CNI	19.2 B	$ 98.29	0.44 %	$ 60.6 B	Canada
CSX Corporation CSX	9.99 B	$ 37.39	0.01 %	$ 72.5 B	USA
L.B. Foster Company FSTR	168 M	$ 28.86	8.09 %	$ 309 M	USA
The Greenbrier Companies GBX	1.2 B	$ 47.1	0.11 %	$ 1.47 B	USA
FreightCar America RAIL	-143 M	$ 9.76	-0.26 %	$ 277 M	USA
Union Pacific Corporation UNP	65.6 B	$ 240.83	0.37 %	$ 146 B	USA
Trinity Industries TRN	1.05 B	$ 28.35	0.11 %	$ 2.32 B	USA
USD Partners LP USDP	4 M	-	-2.33 %	$ 10.9 M	USA
Westinghouse Air Brake Technologies Corporation WAB	6.18 B	$ 214.58	0.1 %	$ 37.4 B	USA