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Side-by-side financial comparison of Norfolk Southern (NSC) and Truist Financial (TFC). Click either name above to swap in a different company.
Truist Financial is the larger business by last-quarter revenue ($3.7B vs $3.0B, roughly 1.2× Norfolk Southern). Truist Financial runs the higher net margin — 36.6% vs 21.7%, a 14.9% gap on every dollar of revenue. On growth, Truist Financial posted the faster year-over-year revenue change (3.1% vs -1.7%). Over the past eight quarters, Truist Financial's revenue compounded faster (4.8% CAGR vs -0.5%).
The Norfolk Southern Railway is a Class I freight railroad operating in the Eastern United States. Headquartered in Atlanta, the company was formed in 1982 with the merger of the Norfolk and Western Railway and Southern Railway. The company operates 19,420 route miles (31,250 km) in 22 eastern states and the District of Columbia, and has rights in Canada over the Albany to Montreal route of the Canadian Pacific Kansas City.
Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. The company was formed in December 2019 as the result of the merger of BB&T and SunTrust. Its bank operates 1,928 branches in 15 states and Washington, D.C., offering consumer, commercial, and investment banking, securities brokerage, asset management, mortgage, and insurance products and services. It is the tenth-largest bank in the United States, with $523 billion in assets.
NSC vs TFC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.0B | $3.7B |
| Net Profit | $644.0M | $1.4B |
| Gross Margin | — | — |
| Operating Margin | 31.5% | 42.3% |
| Net Margin | 21.7% | 36.6% |
| Revenue YoY | -1.7% | 3.1% |
| Net Profit YoY | -12.1% | 6.1% |
| EPS (diluted) | $2.87 | $1.01 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $3.0B | $3.7B | ||
| Q3 25 | $3.1B | $3.6B | ||
| Q2 25 | $3.1B | $3.6B | ||
| Q1 25 | $3.0B | $3.5B | ||
| Q4 24 | $3.0B | $3.6B | ||
| Q3 24 | $3.1B | $3.6B | ||
| Q2 24 | $3.0B | $3.5B | ||
| Q1 24 | $3.0B | $3.4B |
| Q4 25 | $644.0M | $1.4B | ||
| Q3 25 | $711.0M | $1.5B | ||
| Q2 25 | $768.0M | $1.2B | ||
| Q1 25 | $750.0M | $1.3B | ||
| Q4 24 | $733.0M | $1.3B | ||
| Q3 24 | $1.1B | $1.4B | ||
| Q2 24 | $737.0M | $922.0M | ||
| Q1 24 | $53.0M | $1.2B |
| Q4 25 | 31.5% | 42.3% | ||
| Q3 25 | 35.4% | 47.9% | ||
| Q2 25 | 37.8% | 42.2% | ||
| Q1 25 | 38.3% | 43.8% | ||
| Q4 24 | 37.4% | 43.3% | ||
| Q3 24 | 52.3% | 47.5% | ||
| Q2 24 | 37.2% | -148.3% | ||
| Q1 24 | 7.1% | 40.5% |
| Q4 25 | 21.7% | 36.6% | ||
| Q3 25 | 22.9% | 40.0% | ||
| Q2 25 | 24.7% | 34.6% | ||
| Q1 25 | 25.1% | 36.0% | ||
| Q4 24 | 24.2% | 35.5% | ||
| Q3 24 | 36.0% | 40.0% | ||
| Q2 24 | 24.2% | 26.1% | ||
| Q1 24 | 1.8% | 35.6% |
| Q4 25 | $2.87 | $1.01 | ||
| Q3 25 | $3.16 | $1.04 | ||
| Q2 25 | $3.41 | $0.90 | ||
| Q1 25 | $3.31 | $0.87 | ||
| Q4 24 | $3.24 | $0.94 | ||
| Q3 24 | $4.85 | $0.99 | ||
| Q2 24 | $3.25 | $0.62 | ||
| Q1 24 | $0.23 | $0.81 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.5B | — |
| Total DebtLower is stronger | $16.5B | $42.0B |
| Stockholders' EquityBook value | $15.5B | $65.2B |
| Total Assets | $45.2B | $547.5B |
| Debt / EquityLower = less leverage | 1.06× | 0.64× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $975.0M | — | ||
| Q2 24 | $659.0M | — | ||
| Q1 24 | $652.0M | — |
| Q4 25 | $16.5B | $42.0B | ||
| Q3 25 | $16.5B | $41.7B | ||
| Q2 25 | $16.5B | $44.4B | ||
| Q1 25 | $16.7B | $32.0B | ||
| Q4 24 | $16.7B | $35.0B | ||
| Q3 24 | $16.6B | $36.8B | ||
| Q2 24 | $16.9B | $34.6B | ||
| Q1 24 | $17.2B | $39.1B |
| Q4 25 | $15.5B | $65.2B | ||
| Q3 25 | $15.1B | $65.6B | ||
| Q2 25 | $14.8B | $64.8B | ||
| Q1 25 | $14.5B | $64.6B | ||
| Q4 24 | $14.3B | $63.7B | ||
| Q3 24 | $13.8B | $65.7B | ||
| Q2 24 | $13.0B | $63.8B | ||
| Q1 24 | $12.5B | $59.1B |
| Q4 25 | $45.2B | $547.5B | ||
| Q3 25 | $44.6B | $543.9B | ||
| Q2 25 | $44.2B | $543.8B | ||
| Q1 25 | $43.8B | $535.9B | ||
| Q4 24 | $43.7B | $531.2B | ||
| Q3 24 | $43.3B | $523.4B | ||
| Q2 24 | $42.6B | $519.9B | ||
| Q1 24 | $42.1B | $535.0B |
| Q4 25 | 1.06× | 0.64× | ||
| Q3 25 | 1.09× | 0.64× | ||
| Q2 25 | 1.11× | 0.69× | ||
| Q1 25 | 1.15× | 0.50× | ||
| Q4 24 | 1.16× | 0.55× | ||
| Q3 24 | 1.21× | 0.56× | ||
| Q2 24 | 1.30× | 0.54× | ||
| Q1 24 | 1.37× | 0.66× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.1B | $2.6B |
| Free Cash FlowOCF − Capex | $334.0M | — |
| FCF MarginFCF / Revenue | 11.2% | — |
| Capex IntensityCapex / Revenue | 24.5% | — |
| Cash ConversionOCF / Net Profit | 1.65× | 1.91× |
| TTM Free Cash FlowTrailing 4 quarters | $2.2B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $2.6B | ||
| Q3 25 | $1.3B | $1.5B | ||
| Q2 25 | $1.1B | $914.0M | ||
| Q1 25 | $950.0M | $746.0M | ||
| Q4 24 | $951.0M | $775.0M | ||
| Q3 24 | $1.2B | $1.5B | ||
| Q2 24 | $1.0B | $845.0M | ||
| Q1 24 | $839.0M | $-990.0M |
| Q4 25 | $334.0M | — | ||
| Q3 25 | $720.0M | — | ||
| Q2 25 | $602.0M | — | ||
| Q1 25 | $501.0M | — | ||
| Q4 24 | $276.0M | — | ||
| Q3 24 | $645.0M | — | ||
| Q2 24 | $468.0M | — | ||
| Q1 24 | $282.0M | — |
| Q4 25 | 11.2% | — | ||
| Q3 25 | 23.2% | — | ||
| Q2 25 | 19.4% | — | ||
| Q1 25 | 16.7% | — | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | 21.1% | — | ||
| Q2 24 | 15.4% | — | ||
| Q1 24 | 9.4% | — |
| Q4 25 | 24.5% | — | ||
| Q3 25 | 17.8% | — | ||
| Q2 25 | 15.3% | — | ||
| Q1 25 | 15.0% | — | ||
| Q4 24 | 22.3% | — | ||
| Q3 24 | 19.0% | — | ||
| Q2 24 | 18.7% | — | ||
| Q1 24 | 18.5% | — |
| Q4 25 | 1.65× | 1.91× | ||
| Q3 25 | 1.79× | 1.03× | ||
| Q2 25 | 1.40× | 0.74× | ||
| Q1 25 | 1.27× | 0.59× | ||
| Q4 24 | 1.30× | 0.61× | ||
| Q3 24 | 1.12× | 1.06× | ||
| Q2 24 | 1.41× | 0.92× | ||
| Q1 24 | 15.83× | -0.82× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NSC
| Railway Operating Revenues Market Group Merchandise | $1.9B | 63% |
| Metals And Construction | $404.0M | 14% |
| Railway Operating Revenues Market Group Coal | $347.0M | 12% |
| Automotive | $293.0M | 10% |
TFC
Segment breakdown not available.
