ASR vs BIPH vs NSC Stock Comparison

Southeast Airport, Brookfield Infrastructure Partners and Norfolk Southern Prices as of Oct 27, 2026 Peers: Industry group
ASR Southeast Airport Group
$248.22 +2.0% 1M -18.6% 1Y
Market cap
$7.38B
P/E
19.8x
Revenue (TTM)
$29.72K
Div. yield
–
Transportation Infrastructure Industrials
4 wins
NSC Norfolk Southern Corp
$339.81 +8.6% 1M +20.7% 1Y
Market cap
$76.24B
P/E
28.4x
Revenue (TTM)
$12.96B
Div. yield
0.02%
Railroads Industrials
4 wins

Head to Head

12 decided of 12

Norfolk Southern leads on 4 of the 12 questions below (Norfolk Southern 4, Southeast Airport 4, Brookfield Infrastructure Partners 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionASRBIPHNSCLeader
Larger companyMarket capitalisation $7.38B $9.49B $76.24B NSC
Cheaper on earningsLower P/E, profitable companies only 19.8x -25.3x 28.4x ASR
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.2x 25.7x 27.8x ASR
Faster revenue growthRevenue growth, trailing twelve months -100.0% +16.4% +6.0% BIPH
More profitableNet margin, trailing twelve months 1,252,383.6% -1.5% 20.7% ASR
Better return on capitalReturn on invested capital — 6.6% 9.7% NSC
Less leveragedLower net debt / EBITDA — 6.1x 2.7x NSC
Higher dividend yieldTrailing dividend yield 0.00% 0.18% 0.02% BIPH
Better 1-year returnPrice return, last 12 months -18.6% -11.7% +20.7% NSC
Better 5-year returnAnnualised price return, 5 years +4.5%/yr -10.0%/yr +3.0%/yr ASR
Less volatileAnnualised volatility, 1 year 27.7% 13.9% 20.9% BIPH
Higher overall scoreMean of the five percentile scores vs peers 38/100 47/100 33/100 BIPH

Percentile Scorecard

ASRBIPHNSC

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisASRBIPHNSC
Valuation 16 #115 of 136 65 #48 of 136 10 #123 of 136
Growth 4 #116 of 121 87 #17 of 121 43 #69 of 121
Profitability 44 #65 of 115 40 #70 of 115 66 #40 of 115
Financial Health 48 #75 of 143 13 #125 of 143 30 #100 of 143
Shareholder Returns 79 #18 of 82 28 #59 of 82 16 #69 of 82
Overall 38 47 33
  • ASR ranked among 150 companies in Transportation
  • BIPH ranked among 150 companies in Transportation
  • NSC ranked among 150 companies in Transportation

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodASRBIPHNSCSPY
1 month +2.0%-1.6%+8.6% -0.2%
3 months -8.4%-6.2%+0.3% +3.9%
6 months -18.7%-7.8%+7.3% +8.2%
Year to date -23.2%-6.8%+17.7% +12.9%
1 year -18.6%-11.7%+20.7% +12.3%
3 years +18.8%+2.6%+84.1% +87.4%
3 years, per year +5.9%+0.9%+22.6% +23.3%
5 years +24.7%-41.1%+15.9% +67.9%
5 years, per year +4.5%-10.0%+3.0% +10.9%
10 years +54.0%—+272.0% +261.1%
10 years, per year +4.4%—+14.0% +13.7%

Risk

MeasureASRBIPHNSCSPY
Volatility, 1Y 27.7%13.9%20.9% 12.7%
Downside volatility, 1Y 27.2%15.7%20.3% 12.7%
Beta vs S&P 500, 1Y 0.940.100.19 1.00
Return / volatility, 1Y -0.67-0.850.99 0.97
Max drawdown, 5Y -39.6%-43.5%-38.0% -25.4%
From 52-week high -34.9%-12.7%-3.7% -1.2%
52-week high $381.16$17.40$352.99 $779.14
52-week low $230.08$15.08$278.19 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleASRBIPHNSC
P/E now vs peer median 20.0xmedian 16.3x -25.6xmedian 16.3x 28.4xmedian 16.3x
P/S now vs peer median 231,395xmedian 1.0x 0.4xmedian 1.0x 5.9xmedian 1.0x
EV/EBITDA now vs peer median —median 8.7x 7.0xmedian 8.7x 16.6xmedian 8.7x
P/FCF now vs peer median -13.8xmedian 11.4x -12.1xmedian 11.4x 46.3xmedian 11.4x
P/B now vs peer median 2.5xmedian 1.2x 0.3xmedian 1.2x 4.6xmedian 1.2x
PEG now vs peer median —median 0.82 —median 0.82 3.16median 0.82

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsASRBIPHNSC
Revenue $29.72K $25.06B $12.96B
Gross profit – $6.65B –
Operating income $770.53M $6.20B $4.09B
Net income $6.98M $2.39B $2.68B
Free cash flow -$496.88M -$792.00M $1.65B
EPS (diluted) – – $11.92
Cash & equivalents $666.29M $3.09B $1.60B
Total debt $3.35B $67.76B $16.61B
Shares (diluted) – – 225.20M
Enterprise value $3.75B -$4.09B $70.70B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricASRBIPHNSC
P/E 20.0x -25.6x 28.4x
P/FCF -13.8x -12.1x 46.3x
P/Operating cash flow – 1.5x 20.2x
P/S 231,395x 0.4x 5.9x
P/B 2.5x 0.3x 4.6x
P/Tangible book -11.7x 0.5x 4.6x
EV/EBITDA – 7.0x 16.6x
EV/EBIT 9.8x 11.9x 22.3x
EV/Revenue 254,284x 2.9x 7.0x
EV/FCF -15.2x -93.2x 55.5x
EV/Operating cash flow – 11.7x 24.1x
PEG (3Y EPS CAGR) – – 3.16

Growth

14 metrics
MetricASRBIPHNSC
Revenue growth (1Y) -100.0% 16.4% 6.0%
Revenue CAGR (3Y) -97.2% 16.6% 1.7%
Gross profit growth (1Y) – 16.9% –
Gross profit CAGR (3Y) – 48.1% –
Operating income growth (1Y) 1.3% 17.8% -10.2%
Operating income CAGR (3Y) -1.9% 28.4% 8.2%
Net income growth (1Y) -99.2% 63.4% -9.4%
Net income CAGR (3Y) -78.9% 15.0% 8.7%
EPS growth (1Y) – – -9.6%
EPS CAGR (3Y) – – 9.0%
Operating cash flow growth (1Y) – 30.9% -11.0%
Operating cash flow CAGR (3Y) – 26.0% 4.6%
Free cash flow growth (1Y) -220.2% 72.5% -21.5%
Free cash flow CAGR (3Y) -38.9% 8.5% 13.0%

Profitability

14 metrics
MetricASRBIPHNSC
Gross margin – 26.5% –
EBITDA margin – 41.9% 42.5%
Operating margin 2,592,677% 24.8% 31.5%
Pretax margin 23,486% 11.8% 26.4%
Net margin 1,252,384% -1.5% 20.7%
FCF margin -1,671,892% -3.2% 12.7%
Operating cash flow margin – 25.1% 29.2%
Return on equity 0.3% 7.2% 16.3%
Return on assets 0.1% 1.9% 5.9%
Return on invested capital – 6.6% 9.7%
Return on capital employed 20.1% 5.6% 9.8%
Asset turnover 0.0x 0.2x 0.3x
Cash conversion (OCF / net income) – 2.6x 1.4x
Stock comp / revenue – – –

Financial Health

11 metrics
MetricASRBIPHNSC
Debt / assets 27.1% 55.6% 36.2%
Debt / equity 0.5x 2.1x 1.0x
Net debt / EBITDA – 6.1x 2.7x
Debt / FCF -2.8x -85.6x 10.1x
Liabilities / assets 46.1% 73.3% 63.6%
Equity / assets 53.9% 26.7% 36.4%
Interest coverage 0.6x 1.1x 5.2x
Current ratio 0.9x 0.9x 0.9x
Quick ratio 0.7x 0.7x 0.8x
Cash ratio 0.6x 0.3x 0.4x
Altman Z-score 2.69 – 2.57

Shareholder Returns

7 metrics
MetricASRBIPHNSC
Dividend yield 5.6% 0.0% 1.6%
Net buyback yield – – 0.0%
Shareholder yield 5.6% 0.0% 1.6%
Payout ratio (earnings) – 71.4% 45.2%
Payout ratio (FCF) – -215.5% 73.6%
Dividend growth (1Y) – 10.5% -0.4%
Dividend CAGR (3Y) – 40.3% 0.2%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusASRBIPHNSC
Forward P/E 12.2xFY2026 25.7xFY2026 27.8xFY2026
EPS, next fiscal year $20.38FY2026 $0.59FY2026 $12.23FY2026
EPS growth, next FY +0.3%FY2026 -34.4%FY2026 -2.1%FY2026
EPS growth, the year after +18.0% +88.1% +24.4%
Revenue, next fiscal year $2.30BFY2026 $17.63BFY2026 $14.12BFY2026
Revenue growth, next FY +6.2%FY2026 -23.7%FY2026 +15.9%FY2026
Revenue growth, the year after +7.3% -44.6% +2.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersASRBIPHNSC
Held by institutions 10.8% – 75.9%
Institutions holding 151 – 1,863
Change in shares held, QoQ -6.3% – +1.5%
Institutions buying 75 – 751
Institutions selling 52 – 631
Buyers to sellers 1.44 – 1.19

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ASRBIPHNSC
ASR 1.00 0.05 0.05
BIPH 0.05 1.00 -0.02
NSC 0.05 -0.02 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ASR, BIPH and NSC?

Norfolk Southern (NSC) is the largest by market capitalisation: Southeast Airport (ASR) $7.38B, Brookfield Infrastructure Partners (BIPH) $9.49B, Norfolk Southern (NSC) $76.24B.

Which stock is cheaper, ASR, BIPH and NSC?

Southeast Airport (ASR) trades on the lowest price-to-earnings ratio (Southeast Airport (ASR) 19.8x, Brookfield Infrastructure Partners (BIPH) -25.3x, Norfolk Southern (NSC) 28.4x). On next year's consensus earnings, Southeast Airport (ASR) is cheapest (Southeast Airport (ASR) 12.2x, Brookfield Infrastructure Partners (BIPH) 25.7x, Norfolk Southern (NSC) 27.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Brookfield Infrastructure Partners (BIPH) grew revenue fastest over the trailing twelve months: Southeast Airport (ASR) -100.0%, Brookfield Infrastructure Partners (BIPH) +16.4%, Norfolk Southern (NSC) +6.0%.

Which company is more profitable?

Southeast Airport (ASR) has the highest net margin (Southeast Airport (ASR) 1,252,383.6%, Brookfield Infrastructure Partners (BIPH) -1.5%, Norfolk Southern (NSC) 20.7%). On return on invested capital, Norfolk Southern (NSC) leads (Brookfield Infrastructure Partners (BIPH) 6.6%, Norfolk Southern (NSC) 9.7%).

Which stock has performed better?

Over the past year Norfolk Southern (NSC) returned the most: Southeast Airport (ASR) -18.6%, Brookfield Infrastructure Partners (BIPH) -11.7%, Norfolk Southern (NSC) +20.7%. Over five years, Southeast Airport (ASR) compounded fastest (Southeast Airport (ASR) +4.5%/yr, Brookfield Infrastructure Partners (BIPH) -10.0%/yr, Norfolk Southern (NSC) +3.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Brookfield Infrastructure Partners (BIPH) has the highest dividend yield: Southeast Airport (ASR) 0.00%, Brookfield Infrastructure Partners (BIPH) 0.18%, Norfolk Southern (NSC) 0.02%. Southeast Airport (ASR) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Brookfield Infrastructure Partners (BIPH) has been the steadiest (Southeast Airport (ASR) 27.7%, Brookfield Infrastructure Partners (BIPH) 13.9%, Norfolk Southern (NSC) 20.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ASR, BIPH and NSC?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Norfolk Southern (NSC) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.