Income StatementBalance SheetCash FlowSegments
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Norfolk Southern Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Norfolk Southern holds $45.1B in total assets. Cash and equivalents total $1.3B. The current ratio is 0.907. Based on the Q1 2026 filing.

Total Assets$45.1BTotal Stockholders Equity$15.8BCash And Equivalents$1.3BTotal Current Assets$3.0BTotal Current Liabilities$3.3B
Latest FilingQ1 2026
Report Date2026-04-24
Market Cap$71.9B
P/E Ratio26.94
ROE17.62%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$1.7B$1.4B$1.5B$1.7B$1.9B$1.7B
Other accrued liabilities$949.0M$960.0M$1.0B$1.0B$965.0M$711.0M
Current Portion of Long-Term Debt and Finance Lease Obligations$555.0M$555.0M$903.0M$607.0M$607.0M$609.0M
Income taxes payable$337.0M$490.0M$223.0M$227.0M$340.0M$320.0M
Total current liabilities$3.5B$3.5B$3.7B$3.5B$3.8B$3.3B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$1.1B$1.2B$1.1B$1.1B$988.0M$1.1B
Cash and cash equivalents$1.6B$1.0B$1.3B$1.4B$1.5B$1.3B
Other current assets$201.0M$191.0M$168.0M$219.0M$409.0M$248.0M
Materials and supplies$277.0M$273.0M$313.0M$297.0M$271.0M$312.0M
Total current assets$3.2B$2.7B$2.9B$3.0B$3.2B$3.0B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$2.2B$2.2B$2.3B$2.3B$2.3B$2.3B
Accumulated other comprehensive income (loss)-$262.0M-$261.0M-$261.0M-$262.0M-$210.0M-$211.0M
Common stock$228.0M$227.0M$226.0M$226.0M$226.0M$226.0M
Retained earnings$12.1B$12.3B$12.6B$12.9B$13.2B$13.5B
Total liabilities and stockholders' equity$43.7B$43.8B$44.2B$44.6B$45.2B$45.1B
Total stockholders' equity$14.3B$14.5B$14.8B$15.1B$15.5B$15.8B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred Tax Assets and Other Non-Current Assets$1.3B$1.3B$1.3B$1.4B$1.5B$1.5B
Investments$3.4B$4.0B$4.0B$4.1B$4.1B$4.1B
Other non-current assets$1.3B$1.3B$1.3B$1.4B$1.5B$1.5B
Accumulated depreciation$14.0B$14.2B$14.3B$14.4B$14.6B$14.8B
Property and equipment, net$35.8B$35.8B$35.9B$36.1B$36.5B$36.4B
Software and Technology Licenses, Net$1.3B$1.3B$1.3B$1.4B$1.5B$1.5B
Total assets$43.7B$43.8B$44.2B$44.6B$45.2B$45.1B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Finance lease liabilities$13.0M———$18.0M—
Finance Lease Liabilities (Total)$13.0M———$18.0M—
Long-Term Debt and Finance Lease Obligations$16.7B$16.7B$16.5B$16.5B$16.5B$16.5B
Other non-current liabilities$1.8B$1.7B$1.7B$1.7B$1.7B$1.7B
Total liabilities$29.4B$29.3B$29.4B$29.4B$29.7B$29.3B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common stock, par value (in dollars per share)$1.00$1.00$1.00$1.00$1.00$1.00
Common stock, shares authorized (in shares)1.4B1.4B1.4B1.4B1.4B1.4B
Common stock, shares issued (in shares)————224.4M224.6M
Common Stock, Shares, Outstanding226.3M225.4M224.6M224.4M224.4M224.6M
Contract with Customer, Asset, after Allowance for Credit Loss$0.0$0.0$0.0$0.0$0.0$0.0
Contract with Customer, Liability$0.0$0.0$0.0$0.0$0.0$0.0
Deferred income taxes$7.4B$7.5B$7.5B$7.7B$7.7B$7.8B
Long-Term Debt and Lease Obligation$16.7B$16.7B$16.5B$16.5B$16.5B$16.5B
Number of locations with one or more subsidiaries in conjunction with other parties identified as potentially responsible parties—8.008.008.00—8.00
Percentage of potential losses covered by insurance on damage to property owned or in control—82.0%77.0%77.0%—77.0%
Percentage of potential losses covered by insurance on legal liabilities for bodily injury and property damage to third parties—83.0%83.0%83.0%—83.0%
Policy insurance coverage for bodily injury and property damage to third parties, minimum—$75.0M$75.0M$75.0M—$75.0M
Policy insurance coverage for potential losses on damage to property owned or in control, minimum—$75.0M$75.0M$75.0M—$75.0M
Policy insurance coverage for potential losses on damage to property owned or in control, maximum—$275.0M$275.0M$275.0M—$275.0M
Self insured for bodily injury and property damage to third parties, pollution releases above—$800.0M$800.0M$800.0M—$800.0M
Self insured for bodily injury and property damage to third parties, pollution releases , additional liability—$43.0M$43.0M$43.0M—$57.0M
Self-insured for bodily injury and property damage to third parties coverage amount, maximum—$734.0M$734.0M$734.0M—$734.0M
Unrecorded Unconditional Purchase Obligation—————$300.0M