Net Assets for Norfolk Southern (NSC)
According to Norfolk Southern's latest reported financial statements, the company's latest reported net assets is $15.80B USD. Net assets — also called stockholders' equity — equal total assets minus total liabilities. They represent the residual claim of shareholders on the company's assets and roughly track book value over time.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingNet AssetsSwitch metric
Latest period
$15.80B
YoY change
+8.7%
5Y CAGR
+1.0%
Peak year (2017)
$16.36B
Latest annual
$15.55B
Net Assets history chart for Norfolk Southern (NSC) from 1985 to 2025
Net Assets history table for Norfolk Southern (NSC) from 1985 to 2025
| Fiscal year | Period ended | Reported | Net Assets | YoY |
|---|---|---|---|---|
| 2025 | $15.55B | +8.7% | ||
| 2024 | $14.31B | +11.9% | ||
| 2023 | $12.78B | +0.4% | ||
| 2022 | $12.73B | -6.7% | ||
| 2021 | $13.64B | -7.8% | ||
| 2020 | $14.79B | -2.6% | ||
| 2019 | $15.18B | -1.2% | ||
| 2018 | $15.36B | -6.1% | ||
| 2017 | $16.36B | +31.8% | ||
| 2016 | $12.41B | +1.8% | ||
| 2015 | $12.19B | -1.8% | ||
| 2014 | $12.41B | +9.9% | ||
| 2013 | $11.29B | +15.7% | ||
| 2012 | $9.76B | -1.5% | ||
| 2011 | $9.91B | -7.1% | ||
| 2010 | $10.67B | +3.1% | ||
| 2009 | $10.35B | +7.9% | ||
| 2008 | $9.60B | -1.3% | ||
| 2007 | $9.73B | +1.2% | ||
| 2006 | $9.62B | +3.5% | ||
| 2005 | $9.29B | +16.3% | ||
| 2004 | $7.99B | +14.5% | ||
| 2003 | $6.98B | +7.3% | ||
| 2002 | $6.50B | +6.7% | ||
| 2001 | $6.09B | +4.6% | ||
| 2000 | $5.82B | -1.8% | ||
| 1999 | $5.93B | +0.2% | ||
| 1998 | $5.92B | +8.7% | ||
| 1997 | $5.45B | +9.4% | ||
| 1996 | $4.98B | +3.1% | ||
| 1995 | $4.83B | +3.1% | ||
| 1994 | $4.68B | +1.4% | ||
| 1993 | $4.62B | +9.2% | ||
| 1992 | $4.23B | +3.4% | ||
| 1991 | $4.09B | -16.7% | ||
| 1990 | $4.91B | -5.0% | ||
| 1989 | $5.17B | +0.3% | ||
| 1988 | $5.15B | +3.5% | ||
| 1987 | $4.98B | -1.8% | ||
| 1986 | $5.07B | +6.5% | ||
| 1985 | $4.76B | — |
Net Assets values are taken from Norfolk Southern's reported balance sheets (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of Norfolk Southern (NSC) net assets is $15.55B – grew 8.7% year-over-year.
Norfolk Southern net assets has grown for 3 consecutive years, with a +1.0% compound annual growth rate over 2020–2025 (5 years).
Between 2017 and 2025, Norfolk Southern net assets edged down 5.0%, falling from $16.36B to $15.55B.
2017 marks the peak net assets at $16.36B, with the historical low of $4.09B recorded in 1991.
Within Industrials, Norfolk Southern (NSC) ranks 7th among 8 peers we track. The peer median for net assets is $19.05B.
Norfolk Southern Net Assets by Year
Norfolk Southern Net Assets 2025: $15.55B
Norfolk Southern net assets in 2025 was $15.55B, grew 8.7% from 2024.
Norfolk Southern Net Assets 2024: $14.31B
Norfolk Southern net assets in 2024 was $14.31B, grew 11.9% from 2023.
Norfolk Southern Net Assets 2023: $12.78B
Norfolk Southern net assets in 2023 was $12.78B, edged up 0.4% from 2022.
Norfolk Southern Net Assets 2022: $12.73B
Norfolk Southern net assets in 2022 was $12.73B, declined 6.7% below 2021.
Norfolk Southern Net Assets 2021: $13.64B
Norfolk Southern net assets in 2021 was $13.64B.
See more financial history for Norfolk Southern (NSC).
Sector peers — Net Assets
Companies in the same sector as Norfolk Southern, ranked by their latest net assets.
| Company | Net Assets | Sector |
|---|---|---|
| RTX Corporation (RTX) | $65.25B | Industrials |
| Deere & Company (DE) | $25.95B | Industrials |
| Caterpillar Inc. (CAT) | $21.32B | Industrials |
| Eaton Corporation plc (ETN) | $19.43B | Industrials |
| GE Aerospace (GE) | $18.68B | Industrials |
| Union Pacific Corporation (UNP) | $18.47B | Industrials |
| Honeywell International Inc. (HON) | $15.44B | Industrials |
| The Boeing Company (BA) | $5.45B | Industrials |
Frequently asked questions
What is Norfolk Southern's net assets?
- Latest reported net assets for Norfolk Southern (NSC) is $15.80B (period ending March 31, 2026).
How has Norfolk Southern net assets changed year-over-year?
- Norfolk Southern (NSC) net assets changed +8.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Norfolk Southern net assets?
- Norfolk Southern (NSC) net assets compound annual growth rate is +1.0% over the most recent 5 years available.
When did Norfolk Southern net assets hit its highest annual value?
- Norfolk Southern net assets reached its highest annual value of $16.36B in 2017.
What was Norfolk Southern net assets in 2024?
- Norfolk Southern (NSC) net assets in 2024 was $14.31B.
What was Norfolk Southern net assets in 2025?
- Norfolk Southern (NSC) net assets in 2025 was $15.55B.
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