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Norfolk Southern Corporation  (NSC)
Other Ticker:  
 
    Sector  Transportation    Industry Railroads
   Industry Railroads
   Sector  Transportation
 

NSC's Net Income Growth by Quarter and Year

Norfolk Southern's Net Income results by quarter and year




NSC Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 527.00 790.00 760.00 671.00
III Quarter September 478.00 958.00 753.00 569.00
II Quarter June 356.00 819.00 819.00 392.00
I Quarter March 466.00 703.00 673.00 381.00
FY   1,827.00 3,270.00 3,005.00 2,013.00



NSC Net Income fourth quarter 2023 Y/Y Growth Comment
Norfolk Southern Corporation reported fall in Net Income in the fourth quarter 2023 by -33.29% to $ 527.00 millions, from the same quarter in 2022.
The drop in the fourth quarter 2023 Norfolk Southern Corporation's Net Income compares unfavorably to the Company's average Net Income increase of 14.65%.

According to the results reported in the fourth quarter 2023, Norfolk Southern Corporation achieved the best Net Income growth in Railroads industry. While Norfolk Southern Corporation' s Net Income drop of -33.29% ranks overall at the positon no. 91 in the fourth quarter 2023.




NSC Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -33.29 % 3.95 % 13.26 % 0.75 %
III Quarter September -50.1 % 27.22 % 32.34 % -13.39 %
II Quarter June -56.53 % 0 % 108.93 % -45.71 %
I Quarter March -33.71 % 4.46 % 76.64 % -43.72 %
FY   -44.13 % 8.82 % 49.28 % -26.05 %

Financial Statements
Norfolk Southern's fourth quarter 2023 Net Income $ 527.00 millions NSC's Income Statement
Norfolk Southern's fourth quarter 2022 Net Income $ 790.00 millions Quarterly NSC's Income Statement
New: More NSC's historic Net Income Growth >>


NSC Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December 10.25 % -17.54 % 0.93 % 17.93 %
III Quarter September 34.27 % 16.97 % -8.06 % 45.15 %
II Quarter June -23.61 % 16.5 % 21.69 % 2.89 %
I Quarter March -41.01 % -7.5 % 0.3 % -42.79 %
FY (Year on Year)   -44.13 % 8.82 % 49.28 % -26.05 %




Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Railroads Industry #1
Transportation Sector #3
Overall #91

Net Income Y/Y Growth Statistics
High Average Low
242.68 % 14.65 % -53.51 %
(Dec 31 2017)   (Sep 30 2019)
Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Railroads Industry #1
Transportation Sector #3
Overall #91
Net Income Y/Y Growth Statistics
High Average Low
242.68 % 14.65 % -53.51 %
(Dec 31 2017)   (Sep 30 2019)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Norfolk Southern's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
684.19 % 14.98 % -86.09 %
(Dec 31 2017)  


NSC's IV. Quarter Q/Q Net Income Comment
Norfolk Southern Corporation achieved in the IV. Quarter 2023 below company average Net Income rise of 10.25% quarter on quarter, to $ 527.00 millions.

IV. Quarter 2023 results appear to be paradoxical, albeit lower than the ordinary growth of 14.98 %, yet it demonstrates absolute improvement relative to the -17.54% in the IV. Quarter a year ago.

Within Railroads industry Norfolk Southern Corporation achieved highest sequential Net Income growth. While Norfolk Southern's Net Income growth quarter on quarter, overall rank is 72.


Net Income Q/Q Growth Company Ranking
Within: No.
Railroads Industry #1
Transportation Sector #2
Overall #72
Net Income Q/Q Growth Company Ranking
Within: No.
Railroads Industry #1
Transportation Sector #2
Overall #72
Net Income Q/Q Growth Statistics
High Average Low
684.19 % 14.98 % -86.09 %
(Dec 31 2017)  


NSC's IV. Quarter Q/Q Net Income Comment
Norfolk Southern Corporation achieved in the IV. Quarter 2023 below company average Net Income rise of 10.25% quarter on quarter, to $ 527.00 millions.

IV. Quarter 2023 NSC's performance seem to be contradictory, although beneath the average, yet it shows a quite recovery compare to the -17.54% in the IV. Quarter a year ago.

Within Railroads industry Norfolk Southern Corporation achieved highest sequential Net Income growth. While Norfolk Southern's Net Income growth quarter on quarter, overall rank is 72.


Norfolk Southern's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Net Income 12 Months Ending $ 1,827.00 $ 2,090.00 $ 2,570.00 $ 3,033.00 $ 3,270.00
Y / Y Net Income Growth (TTM) -44.13 % -35.49 % -15.32 % -0.07 % 8.82 %
Year on Year Net Income Growth Overall Ranking # 72 # 244 # 421 # 47 # 338
Seqeuential Net Income Change (TTM) -12.58 % -18.68 % -15.27 % -7.25 % 0.93 %
Seq. Net Income Growth (TTM) Overall Ranking # 91 # 270 # 686 # 1027 # 831




Cumulative Net Income growth Comment
Norfolk Southern's cumulative 12 months Net Income continue to drop, but on the faster rate at -44.13% year on year, at Dec 31 2023 compare to the -35.49% decrease at Sep 30 2023. If the Norfolk Southern's fiscal year would end at Dec 31 2023, annual Net Income would be $1,827 millions.

Among companies within the Transportation sector 2 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 72, from total ranking in previous quarter at 244.

Net Income TTM Q/Q Growth Statistics
High Average Low
242.68 %
14.65 %
-53.51 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Railroads Industry # 1
Transportation Sector # 3
Overall # 72

Net Income TTM Y/Y Growth Statistics
High Average Low
242.68 %
14.65 %
-53.51 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 3
S&P 500 # 91
Cumulative Net Income growth Comment
Norfolk Southern's cumulative 12 months Net Income continue to drop, but on the faster rate at -44.13% year on year, at Dec 31 2023 compare to the -35.49% decrease at Sep 30 2023. If the Norfolk Southern's fiscal year would end at Dec 31 2023, annual Net Income would be $1,827 millions.

Among companies within the Transportation sector 2 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 72, from total ranking in previous quarter at 244.

Net Income TTM Q/Q Growth Statistics
High Average Low
242.68 %
14.65 %
-53.51 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Railroads Industry # 1
Transportation Sector # 3
Overall # 72

Net Income TTM Y/Y Growth Statistics
High Average Low
242.68 %
14.65 %
-53.51 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 3
S&P 500 # 91




Other Net Income Growth
Railroads Industry Net Income Growth Trends and Statistics
Transportation Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
NSC's Net Income Growth Ratio versus Railroads Industry, Transportation Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for NSC's Competitors
Net Income Growth for Norfolk Southern's Suppliers
Net Income Growth for NSC's Customers

You may also want to know
NSC's Annual Growth Rates NSC's Profitability Ratios NSC's Asset Turnover Ratio NSC's Dividend Growth
NSC's Roe NSC's Valuation Ratios NSC's Financial Strength Ratios NSC's Dividend Payout Ratio
NSC's Roa NSC's Inventory Turnover Ratio NSC's Growth Rates NSC's Dividend Comparisons



Companies with similar Net Income drop for the quarter ending Dec 31 2023 within Transportation SectorY/Y Change %Net Income for the quarter ending Dec 31 2023
Csx Corporation-12.97%$ -12.967 millions
Scorpio Tankers Inc -14.18%$ -14.179 millions
Ardmore Shipping Corp-15.63%$ -15.634 millions
Canadian Pacific Kansas City Ltd-19.91%$ -19.906 millions
Sun Country Airlines Holdings Inc -22.52%$ -22.515 millions
J b Hunt Transport Services Inc -23.73%$ -23.729 millions
Norfolk Southern Corporation-33.29%$ -33.291 millions
Atlas Corp -35.24%$ -35.240 millions
Landstar System Inc -37.85%$ -37.850 millions
Marten Transport Ltd-51.40%$ -51.403 millions
United Parcel Service Inc -53.52%$ -53.519 millions
Safe Bulkers Inc -55.17%$ -55.173 millions
Latam Airlines Group S a -56.51%$ -56.508 millions
Sfl Corporation Ltd -58.60%$ -58.604 millions
Werner Enterprises Inc -61.92%$ -61.922 millions
Polaris Inc -65.12%$ -65.115 millions
C h Robinson Worldwide Inc -67.80%$ -67.801 millions
Star Bulk Carriers Corp -69.34%$ -69.336 millions
Eagle Bulk Shipping Inc -71.41%$ -71.413 millions
Schneider National Inc -75.11%$ -75.114 millions
Globus Maritime Limited-78.29%$ -78.287 millions
Genco Shipping and Trading Limited-82.28%$ -82.283 millions
Pangaea Logistics Solutions Ltd -86.22%$ -86.216 millions
American Airlines Group Inc -97.63%$ -97.634 millions




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