Norfolk Southern Corporation
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2008 | — | 28.9% | 16.1% |
| FY2009 | — | 24.6% | 13.0% |
| FY2010 | — | 28.1% | 15.7% |
| FY2011 | — | 28.8% | 17.2% |
| FY2012 | — | 28.3% | 15.8% |
| FY2013 | — | 29.0% | 17.0% |
| FY2014 | — | 30.8% | 17.2% |
| FY2015 | — | 27.4% | 14.8% |
| FY2016 | — | 30.4% | 16.9% |
| FY2017 | — | 33.4% | 51.2% |
| FY2018 | — | 34.6% | 23.3% |
| FY2019 | — | 35.3% | 24.1% |
| FY2020 | — | 30.7% | 20.6% |
| FY2021 | — | 39.9% | 27.0% |
| FY2022 | — | 37.7% | 25.7% |
| FY2023 | — | 23.5% | 15.0% |
| FY2024 | — | 33.6% | 21.6% |
| FY2025 | — | 35.8% | 23.6% |