Company / Working Capital
Norfolk Southern Working Capital History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Working Capital
-$577.0M
FY2025
5-year range
-$642.0M / $639.0M
FY2021-FY2025
Trend
-61.6%
vs FY2024
Sector context
#324 of 344
Industrials
What the data says
Among 344 Industrials companies, Norfolk Southern is in the bottom 6% for working capital. Working Capital has fluctuated over the past 10 years, ranging from -$729M in FY2018 to $639M in FY2023.
Based on SEC 10-K filings.
-$577M in FY2025.
Declined from $639M to -$577M over the past 2 years.
Industrials sector context is included.
Working Capital over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 6% in IndustrialsTop 94% of 344This company -$577.0M Sector average $687.7M
▼
-183.9% below sector average
Key checks
Key Insights
- In FY2025, working capital decreased 61.6% year-over-year.
- Ranks #324 out of 344 companies in the Industrials sector.
- Peak working capital was recorded in FY2023.
- Lowest working capital in the period was in FY2018.
Company context
Key Data Points
- Altman Z-Score 1.03 (distress zone, below 1.8 threshold)
- Strong profit margin: 24.2%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Working CapitalValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$577.0M | -61.6% |
| FY2024 | -$357.0M | -155.9% |
| FY2023 | $639.0M | +199.5% |
| FY2022 | -$642.0M | -81.4% |
| FY2021 | -$354.0M | -324.1% |
| FY2020 | $158.0M | +172.1% |
| FY2019 | -$219.0M | +70.0% |
| FY2018 | -$729.0M | -84.1% |
| FY2017 | -$396.0M | -725.0% |
| FY2016 | -$48.0M | -117.1% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026