Norfolk Southern Corporation (NSC)
Financial leverage ratio
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 45,236,000 | 43,682,000 | 41,652,000 | 38,885,000 | 38,493,000 |
| Total stockholders’ equity | US$ in thousands | 15,547,000 | 14,306,000 | 12,781,000 | 12,733,000 | 13,641,000 |
| Financial leverage ratio | 2.91 | 3.05 | 3.26 | 3.05 | 2.82 |
December 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $45,236,000K ÷ $15,547,000K
= 2.91
Peer comparison
Dec 31, 2025
Company name
Symbol
Financial leverage ratio
Norfolk Southern Corporation
NSC
2.91
CSX Corporation
CSX
3.32
Greenbrier Companies Inc
GBX
-0.16
Union Pacific Corporation
UNP
3.77