Norfolk Southern Corporation (NSC) Quarterly Balance Sheet

120+ quarters historyFree accessUpdated daily

Norfolk Southern Corporation (NSC) quarterly balance sheet — complete assets, liabilities & equity history

Quarterly statement

NSC Balance Sheet

Norfolk Southern Corporation (NSC) balance sheet — 30-year assets, liabilities & shareholders' equity history

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21

Total Current Assets

2.8B

3.02B

3.2B

3.04B

2.91B

2.7B

3.19B

2.69B

2.3B

2.36B

3.27B

3.14B

2.03B

2.12B

2.01B

2.71B

2.86B

3.02B

2.17B

2.72B

Cash & Short-Term Investments

1.07B

1.34B

1.53B

1.42B

1.3B

1.01B

1.64B

975M

659M

652M

1.57B

1.51B

556M

552M

456M

1.21B

1.26B

1.57B

839M

1.47B

Cash Only

1.07B

1.34B

1.53B

1.42B

1.3B

1.01B

1.64B

975M

659M

652M

1.57B

1.51B

556M

552M

456M

1.21B

1.26B

1.57B

839M

1.47B

Short-Term Investments

Accounts Receivable

1.18B

1.12B

988M

1.1B

1.12B

1.23B

1.07B

1.3B

1.19B

1.2B

1.15B

1.21B

1.09B

1.17B

1.15B

1.21B

1.07B

976M

945M

Days Sales Outstanding

30.2

31.69

32.33

32.98

34.44

34.58

36.07

37.56

35.68

35.52

35.28

35.6

34.49

33.3

32.67

32.46

31.89

31.58

30.98

30.42

Inventory

327M

312M

271M

297M

313M

273M

277M

288M

308M

270M

264M

303M

272M

262M

253M

276M

289M

264M

218M

235M

Days Inventory Outstanding

25.3

15.37

29.79

13.53

13.29

12.04

13.46

15.27

13.55

9.03

11.45

11.9

10.03

9.56

11.69

12.45

12.54

11.81

12.05

12.86

Other Current Assets

228M

248M

409M

219M

168M

191M

201M

125M

148M

236M

292M

123M

114M

138M

150M

74M

101M

110M

134M

77M

Total Non-Current Assets

42.32B

42.09B

42.04B

41.54B

41.25B

41.1B

40.49B

40.56B

40.25B

39.77B

38.38B

37.6B

37.23B

37.05B

36.88B

36.59B

36.48B

36.35B

36.33B

35.88B

Property, Plant & Equipment

36.63B

36.44B

36.48B

36.11B

35.92B

35.8B

35.83B

35.39B

35.28B

35.05B

33.33B

32.67B

32.47B

32.24B

32.16B

31.84B

31.79B

31.66B

31.65B

31.43B

Fixed Asset Turnover

0.09x

0.08x

0.09x

0.08x

0.09x

0.10x

0.11x

0.10x

0.09x

Goodwill

Intangible Assets

Long-Term Investments

4.16B

4.12B

4.09B

4.08B

4.04B

3.37B

3.97B

3.81B

3.57B

3.84B

3.82B

3.67B

3.74B

3.69B

3.67B

3.7B

3.71B

3.68B

Other Non-Current Assets

1.54B

1.53B

1.47B

1.35B

1.29B

1.21B

1.16B

1.15B

1.22B

1.1B

1.08B

1.07B

1.03B

1.07B

1.02B

992M

966M

769M

Total Assets

45.12B

45.11B

45.24B

44.58B

44.16B

43.8B

43.68B

43.26B

42.56B

42.13B

41.65B

40.74B

39.26B

39.17B

38.88B

39.31B

39.34B

39.36B

38.49B

38.6B

Asset Turnover

0.08x

0.07x

0.08x

0.09x

0.08x

0.07x

Asset Growth %

2.19%

3.56%

3.06%

3.75%

3.97%

4.87%

6.18%

8.4%

7.55%

7.12%

3.65%

-0.19%

-0.49%

1.02%

1.82%

1.5%

3.75%

1.4%

1.11%

Total Current Liabilities

3.37B

3.33B

3.77B

3.52B

3.67B

3.45B

3.54B

3.68B

3.67B

3.45B

2.63B

2.91B

2.99B

2.82B

2.65B

2.8B

2.61B

3.15B

2.52B

2.41B

Accounts Payable

1.78B

1.7B

1.86B

1.66B

1.5B

1.45B

985M

1.61B

1.53B

1.51B

997M

1.5B

1.42B

1.31B

712M

1.49B

1.31B

1.18B

850M

1.2B

Days Payables Outstanding

137.73

93.8

184.63

70.11

66.89

53.21

61.91

80.7

71.29

42.31

50.4

60.32

51.28

37.63

48.59

61.55

56.43

49.78

54.43

61.8

Short-Term Debt

649M

609M

607M

903M

555M

655M

404M

405M

535M

403M

703M

605M

1.15B

553M

558M

Deferred Revenue (Current)

Other Current Liabilities

720M

711M

965M

1.03B

1.04B

960M

1.03B

1.33B

1.27B

1.31B

760M

797M

792M

668M

396M

408M

363M

370M

365M

384M

Current Ratio

0.83x

0.91x

0.85x

0.86x

0.79x

0.78x

0.90x

0.73x

0.63x

0.68x

1.24x

1.08x

0.68x

0.75x

0.76x

0.97x

1.10x

0.96x

0.86x

1.13x

Quick Ratio

0.73x

0.81x

0.78x

0.71x

0.70x

0.82x

0.65x

0.54x

0.61x

1.14x

0.97x

0.59x

0.66x

0.87x

0.98x

0.87x

0.77x

1.03x

Cash Conversion Cycle

-82.22

-46.74

-122.51

-23.6

-19.16

-6.59

-12.39

-27.87

-22.06

2.24

-3.67

-12.83

-6.76

5.24

-4.22

-16.65

-12

-6.38

-11.4

-18.52

Total Non-Current Liabilities

25.5B

25.97B

25.91B

25.7B

25.84B

25.83B

25.79B

25.91B

26.14B

26.24B

25.21B

23.64B

23.62B

23.5B

23.48B

23.57B

22.75B

22.33B

22.31B

Long-Term Debt

15.97B

16.49B

16.48B

16.46B

16.66B

16.65B

16.64B

16.94B

17.18B

16.18B

14.59B

14.48B

14.46B

14.45B

13.69B

13.29B

13.27B

Capital Lease Obligations

191M

287M

316M

331M

Deferred Tax Liabilities

7.82B

7.76B

7.71B

7.73B

7.53B

7.48B

7.42B

7.36B

7.23B

7.2B

7.22B

7.21B

7.23B

7.25B

7.26B

7.19B

7.28B

7.22B

7.17B

7.09B

Other Non-Current Liabilities

1.71B

1.72B

1.71B

1.7B

1.57B

1.79B

1.75B

1.77B

1.55B

1.82B

1.81B

1.78B

909M

1.83B

1.84B

1.01B

1.94B

Total Liabilities

28.87B

29.31B

29.69B

29.44B

29.37B

29.29B

29.38B

29.47B

29.58B

29.59B

28.87B

28.12B

26.62B

26.44B

26.15B

26.28B

26.18B

25.9B

24.85B

24.72B

Total Debt

16.62B

17.1B

17.09B

17.08B

17.37B

17.21B

17.48B

17.2B

17.59B

17.58B

17.57B

16.58B

15.13B

14.99B

15.59B

15.07B

15.05B

14.84B

14.25B

13.83B

Net Debt

15.55B

15.76B

15.56B

15.66B

16.06B

16.21B

15.84B

16.22B

16.93B

16B

15.08B

14.57B

14.44B

15.14B

13.85B

13.79B

13.27B

13.41B

12.37B

Debt / Equity

1.02x

1.08x

1.10x

1.13x

1.17x

1.19x

1.22x

1.25x

1.36x

1.40x

1.37x

1.31x

1.20x

1.18x

1.22x

1.16x

1.14x

1.10x

1.04x

1.00x

Debt / EBITDA

11.27x

13.91x

13.25x

12.41x

11.98x

13.41x

12.18x

10.78x

12.23x

27.09x

15.62x

15.44x

17.23x

14.57x

10.64x

9.65x

9.73x

10.75x

10.03x

9.69x

Net Debt / EBITDA

10.55x

12.82x

12.06x

11.38x

11.08x

12.62x

11.04x

10.17x

11.78x

26.09x

14.22x

14.04x

16.60x

14.03x

10.33x

8.88x

8.92x

9.61x

9.44x

8.66x

Interest Coverage

5.54x

4.27x

4.92x

5.69x

5.97x

5.91x

5.66x

8.03x

5.63x

1.15x

4.34x

4.37x

3.72x

4.38x

6.86x

7.18x

7.39x

6.43x

6.97x

7.01x

Total Equity

16.25B

15.8B

15.55B

15.14B

14.79B

14.51B

14.31B

13.79B

12.98B

12.54B

12.78B

12.62B

12.64B

12.73B

13.02B

13.15B

13.46B

13.64B

13.89B

Equity Growth %

9.91%

8.91%

8.67%

9.84%

13.93%

15.75%

11.93%

9.27%

2.68%

-1.5%

0.38%

-3.14%

-3.91%

-5.45%

-6.66%

-6.21%

-8.12%

-8.07%

-7.78%

-7.05%

Book Value per Share

72.20

70.21

69.16

67.38

65.72

64.07

63.16

60.86

57.33

55.40

56.48

55.57

55.44

55.75

55.19

55.66

55.39

56.04

56.02

56.36

Total Shareholders' Equity

16.25B

15.8B

15.55B

15.14B

14.79B

14.51B

14.31B

13.79B

12.98B

12.54B

12.78B

12.62B

12.64B

12.73B

13.02B

13.15B

13.46B

13.64B

13.89B

Common Stock

226M

227M

228M

227M

228M

229M

230M

233M

236M

240M

242M

244M

Retained Earnings

13.91B

13.48B

13.23B

12.89B

12.56B

12.3B

12.09B

11.67B

10.87B

10.44B

10.7B

10.59B

10.61B

10.7B

10.99B

11.12B

11.41B

11.59B

11.99B

Treasury Stock

Accumulated OCI

-212M

-211M

-210M

-262M

-261M

-262M

-332M

-330M

-322M

-320M

-364M

-359M

-355M

-351M

-377M

-388M

-394M

-402M

-571M

Minority Interest

Norfolk Southern Corporation (NSC) Quarterly Balance Sheet

120+ quarters historyFree accessUpdated daily

Norfolk Southern Corporation (NSC) quarterly balance sheet — complete assets, liabilities & equity history

Quarterly statement

NSC Balance Sheet

Norfolk Southern Corporation (NSC) balance sheet — 30-year assets, liabilities & shareholders' equity history

Annual Quarterly

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21

Total Current Assets

2.8B

3.02B

3.2B

3.04B

2.91B

2.7B

3.19B

2.69B

2.3B

2.36B

3.27B

3.14B

2.03B

2.12B

2.01B

2.71B

2.86B

3.02B

2.17B

2.72B

Cash & Short-Term Investments

1.07B

1.34B

1.53B

1.42B

1.3B

1.01B

1.64B

975M

659M

652M

1.57B

1.51B

556M

552M

456M

1.21B

1.26B

1.57B

839M

1.47B

Cash Only

1.07B

1.34B

1.53B

1.42B

1.3B

1.01B

1.64B

975M

659M

652M

1.57B

1.51B

556M

552M

456M

1.21B

1.26B

1.57B

839M

1.47B

Short-Term Investments

Accounts Receivable

1.18B

1.12B

988M

1.1B

1.12B

1.23B

1.07B

1.3B

1.19B

1.2B

1.15B

1.21B

1.09B

1.17B

1.15B

1.21B

1.07B

976M

945M

Days Sales Outstanding

30.2

31.69

32.33

32.98

34.44

34.58

36.07

37.56

35.68

35.52

35.28

35.6

34.49

33.3

32.67

32.46

31.89

31.58

30.98

30.42

Inventory

327M

312M

271M

297M

313M

273M

277M

288M

308M

270M

264M

303M

272M

262M

253M

276M

289M

264M

218M

235M

Days Inventory Outstanding

25.3

15.37

29.79

13.53

13.29

12.04

13.46

15.27

13.55

9.03

11.45

11.9

10.03

9.56

11.69

12.45

12.54

11.81

12.05

12.86

Other Current Assets

228M

248M

409M

219M

168M

191M

201M

125M

148M

236M

292M

123M

114M

138M

150M

74M

101M

110M

134M

77M

Total Non-Current Assets

42.32B

42.09B

42.04B

41.54B

41.25B

41.1B

40.49B

40.56B

40.25B

39.77B

38.38B

37.6B

37.23B

37.05B

36.88B

36.59B

36.48B

36.35B

36.33B

35.88B

Property, Plant & Equipment

36.63B

36.44B

36.48B

36.11B

35.92B

35.8B

35.83B

35.39B

35.28B

35.05B

33.33B

32.67B

32.47B

32.24B

32.16B

31.84B

31.79B

31.66B

31.65B

31.43B

Fixed Asset Turnover

0.09x

0.08x

0.09x

0.08x

0.09x

0.10x

0.11x

0.10x

0.09x

Goodwill

Intangible Assets

Long-Term Investments

4.16B

4.12B

4.09B

4.08B

4.04B

3.37B

3.97B

3.81B

3.57B

3.84B

3.82B

3.67B

3.74B

3.69B

3.67B

3.7B

3.71B

3.68B

Other Non-Current Assets

1.54B

1.53B

1.47B

1.35B

1.29B

1.21B

1.16B

1.15B

1.22B

1.1B

1.08B

1.07B

1.03B

1.07B

1.02B

992M

966M

769M

Total Assets

45.12B

45.11B

45.24B

44.58B

44.16B

43.8B

43.68B

43.26B

42.56B

42.13B

41.65B

40.74B

39.26B

39.17B

38.88B

39.31B

39.34B

39.36B

38.49B

38.6B

Asset Turnover

0.08x

0.07x

0.08x

0.09x

0.08x

0.07x

Asset Growth %

2.19%

3.56%

3.06%

3.75%

3.97%

4.87%

6.18%

8.4%

7.55%

7.12%

3.65%

-0.19%

-0.49%

1.02%

1.82%

1.5%

3.75%

1.4%

1.11%

Total Current Liabilities

3.37B

3.33B

3.77B

3.52B

3.67B

3.45B

3.54B

3.68B

3.67B

3.45B

2.63B

2.91B

2.99B

2.82B

2.65B

2.8B

2.61B

3.15B

2.52B

2.41B

Accounts Payable

1.78B

1.7B

1.86B

1.66B

1.5B

1.45B

985M

1.61B

1.53B

1.51B

997M

1.5B

1.42B

1.31B

712M

1.49B

1.31B

1.18B

850M

1.2B

Days Payables Outstanding

137.73

93.8

184.63

70.11

66.89

53.21

61.91

80.7

71.29

42.31

50.4

60.32

51.28

37.63

48.59

61.55

56.43

49.78

54.43

61.8

Short-Term Debt

649M

609M

607M

903M

555M

655M

404M

405M

535M

403M

703M

605M

1.15B

553M

558M

Deferred Revenue (Current)

Other Current Liabilities

720M

711M

965M

1.03B

1.04B

960M

1.03B

1.33B

1.27B

1.31B

760M

797M

792M

668M

396M

408M

363M

370M

365M

384M

Current Ratio

0.83x

0.91x

0.85x

0.86x

0.79x

0.78x

0.90x

0.73x

0.63x

0.68x

1.24x

1.08x

0.68x

0.75x

0.76x

0.97x

1.10x

0.96x

0.86x

1.13x

Quick Ratio

0.73x

0.81x

0.78x

0.71x

0.70x

0.82x

0.65x

0.54x

0.61x

1.14x

0.97x

0.59x

0.66x

0.87x

0.98x

0.87x

0.77x

1.03x

Cash Conversion Cycle

-82.22

-46.74

-122.51

-23.6

-19.16

-6.59

-12.39

-27.87

-22.06

2.24

-3.67

-12.83

-6.76

5.24

-4.22

-16.65

-12

-6.38

-11.4

-18.52

Total Non-Current Liabilities

25.5B

25.97B

25.91B

25.7B

25.84B

25.83B

25.79B

25.91B

26.14B

26.24B

25.21B

23.64B

23.62B

23.5B

23.48B

23.57B

22.75B

22.33B

22.31B

Long-Term Debt

15.97B

16.49B

16.48B

16.46B

16.66B

16.65B

16.64B

16.94B

17.18B

16.18B

14.59B

14.48B

14.46B

14.45B

13.69B

13.29B

13.27B

Capital Lease Obligations

191M

287M

316M

331M

Deferred Tax Liabilities

7.82B

7.76B

7.71B

7.73B

7.53B

7.48B

7.42B

7.36B

7.23B

7.2B

7.22B

7.21B

7.23B

7.25B

7.26B

7.19B

7.28B

7.22B

7.17B

7.09B

Other Non-Current Liabilities

1.71B

1.72B

1.71B

1.7B

1.57B

1.79B

1.75B

1.77B

1.55B

1.82B

1.81B

1.78B

909M

1.83B

1.84B

1.01B

1.94B

Total Liabilities

28.87B

29.31B

29.69B

29.44B

29.37B

29.29B

29.38B

29.47B

29.58B

29.59B

28.87B

28.12B

26.62B

26.44B

26.15B

26.28B

26.18B

25.9B

24.85B

24.72B

Total Debt

16.62B

17.1B

17.09B

17.08B

17.37B

17.21B

17.48B

17.2B

17.59B

17.58B

17.57B

16.58B

15.13B

14.99B

15.59B

15.07B

15.05B

14.84B

14.25B

13.83B

Net Debt

15.55B

15.76B

15.56B

15.66B

16.06B

16.21B

15.84B

16.22B

16.93B

16B

15.08B

14.57B

14.44B

15.14B

13.85B

13.79B

13.27B

13.41B

12.37B

Debt / Equity

1.02x

1.08x

1.10x

1.13x

1.17x

1.19x

1.22x

1.25x

1.36x

1.40x

1.37x

1.31x

1.20x

1.18x

1.22x

1.16x

1.14x

1.10x

1.04x

1.00x

Debt / EBITDA

11.27x

13.91x

13.25x

12.41x

11.98x

13.41x

12.18x

10.78x

12.23x

27.09x

15.62x

15.44x

17.23x

14.57x

10.64x

9.65x

9.73x

10.75x

10.03x

9.69x

Net Debt / EBITDA

10.55x

12.82x

12.06x

11.38x

11.08x

12.62x

11.04x

10.17x

11.78x

26.09x

14.22x

14.04x

16.60x

14.03x

10.33x

8.88x

8.92x

9.61x

9.44x

8.66x

Interest Coverage

5.54x

4.27x

4.92x

5.69x

5.97x

5.91x

5.66x

8.03x

5.63x

1.15x

4.34x

4.37x

3.72x

4.38x

6.86x

7.18x

7.39x

6.43x

6.97x

7.01x

Total Equity

16.25B

15.8B

15.55B

15.14B

14.79B

14.51B

14.31B

13.79B

12.98B

12.54B

12.78B

12.62B

12.64B

12.73B

13.02B

13.15B

13.46B

13.64B

13.89B

Equity Growth %

9.91%

8.91%

8.67%

9.84%

13.93%

15.75%

11.93%

9.27%

2.68%

-1.5%

0.38%

-3.14%

-3.91%

-5.45%

-6.66%

-6.21%

-8.12%

-8.07%

-7.78%

-7.05%

Book Value per Share

72.20

70.21

69.16

67.38

65.72

64.07

63.16

60.86

57.33

55.40

56.48

55.57

55.44

55.75

55.19

55.66

55.39

56.04

56.02

56.36

Total Shareholders' Equity

16.25B

15.8B

15.55B

15.14B

14.79B

14.51B

14.31B

13.79B

12.98B

12.54B

12.78B

12.62B

12.64B

12.73B

13.02B

13.15B

13.46B

13.64B

13.89B

Common Stock

226M

227M

228M

227M

228M

229M

230M

233M

236M

240M

242M

244M

Retained Earnings

13.91B

13.48B

13.23B

12.89B

12.56B

12.3B

12.09B

11.67B

10.87B

10.44B

10.7B

10.59B

10.61B

10.7B

10.99B

11.12B

11.41B

11.59B

11.99B

Treasury Stock

Accumulated OCI

-212M

-211M

-210M

-262M

-261M

-262M

-332M

-330M

-322M

-320M

-364M

-359M

-355M

-351M

-377M

-388M

-394M

-402M

-571M

Minority Interest