Norfolk Southern Corp. balance sheet
At the end of its fiscal year on Dec 31, 2025, Norfolk Southern Corp. reported total assets of $45.24B and shareholders' equity of $15.55B. That works out to liabilities equal to 66% of assets, a current ratio of 0.85 (current assets ÷ current liabilities).
Balance sheet at each fiscal year end
| Fiscal year ended | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $34.89B | $35.71B | $36.24B | $37.92B | $37.96B | $38.49B | $38.88B | $41.65B | $43.68B | $45.24B |
| Current assets | $2.29B | $2.15B | $1.86B | $2.08B | $2.32B | $2.17B | $2.01B | $3.27B | $3.19B | $3.20B |
| Cash & equivalents | $956.00M | $690.00M | $358.00M | $580.00M | $1.11B | $839.00M | $456.00M | $1.57B | $1.64B | $1.53B |
| Total liabilities | $22.48B | $19.35B | $20.88B | $22.74B | $23.17B | $24.85B | $26.15B | $28.87B | $29.38B | $29.69B |
| Current liabilities | $2.34B | $2.54B | $2.59B | $2.30B | $2.16B | $2.52B | $2.65B | $2.63B | $3.54B | $3.77B |
| Long-term debt | $10.11B | $9.74B | — | — | — | — | — | — | — | — |
| Shareholders' equity | $12.41B | $16.36B | $15.36B | $15.18B | $14.79B | $13.64B | $12.73B | $12.78B | $14.31B | $15.55B |
| Reported in | 10-K 2018 | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2026 | 10-K 2026 |
Balance-sheet figures are point-in-time values on the last day of each fiscal year. Some companies (for example banks and insurers) do not present current assets and liabilities; those cells show —.
Source: SEC EDGAR XBRL company facts for CIK 702165 (raw data). Most recent filing in this dataset: 10-Q filed Oct 22, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.