BIPH vs CSX vs NSC Stock Comparison

Brookfield Infrastructure Partners, Csx and Norfolk Southern Prices as of Oct 26, 2026 Peers: Industry group
CSX Csx Corp
$51.31 +9.7% 1M +42.0% 1Y
Market cap
$94.58B
P/E
26.5x
Revenue (TTM)
$14.95B
Div. yield
1.07%
Railroads Industrials
8 wins
NSC Norfolk Southern Corp
$334.02 +6.7% 1M +19.1% 1Y
Market cap
$75.03B
P/E
28.0x
Revenue (TTM)
$12.96B
Div. yield
1.62%
Railroads Industrials
1 win

Head to Head

12 decided of 12

Csx leads on 8 of the 12 questions below (Csx 8, Brookfield Infrastructure Partners 3, Norfolk Southern 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBIPHCSXNSCLeader
Larger companyMarket capitalisation $9.62B $94.58B $75.03B CSX
Cheaper on earningsLower P/E, profitable companies only -25.7x 26.5x 28.0x CSX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 25.8x 26.9x 27.7x BIPH
Faster revenue growthRevenue growth, trailing twelve months +16.4% +5.9% +6.0% BIPH
More profitableNet margin, trailing twelve months -1.5% 24.0% 20.7% CSX
Better return on capitalReturn on invested capital 6.6% 12.6% 9.7% CSX
Less leveragedLower net debt / EBITDA 6.1x 2.4x 2.7x CSX
Higher dividend yieldTrailing dividend yield 0.00% 1.07% 1.62% NSC
Better 1-year returnPrice return, last 12 months -11.3% +42.0% +19.1% CSX
Better 5-year returnAnnualised price return, 5 years -9.9%/yr +7.4%/yr +3.1%/yr CSX
Less volatileAnnualised volatility, 1 year 13.9% 22.5% 20.9% BIPH
Higher overall scoreMean of the five percentile scores vs peers 46/100 47/100 33/100 CSX

Percentile Scorecard

BIPHCSXNSC

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

AxisBIPHCSXNSC
Valuation 64 #50 of 136 10 #122 of 136 10 #123 of 136
Growth 87 #17 of 122 60 #49 of 122 44 #69 of 122
Profitability 38 #72 of 116 84 #20 of 116 66 #40 of 116
Financial Health 13 #126 of 144 29 #103 of 144 30 #101 of 144
Shareholder Returns 31 #57 of 82 54 #38 of 82 16 #69 of 82
Overall 46 47 33
  • BIPH ranked among 150 companies in Transportation
  • CSX 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

PeriodBIPHCSXNSCSPY
1 month -1.3%+9.7%+6.7% -0.8%
3 months -6.0%-0.9%-2.7% +3.5%
6 months -8.1%+12.9%+4.7% +7.0%
Year to date -6.5%+41.5%+15.7% +12.2%
1 year -11.3%+42.0%+19.1% +13.0%
3 years +2.9%+75.5%+81.0% +86.3%
3 years, per year +1.0%+20.6%+21.9% +23.1%
5 years -40.7%+43.1%+16.4% +68.6%
5 years, per year -9.9%+7.4%+3.1% +11.0%
10 years —+406.5%+271.0% +258.0%
10 years, per year —+17.6%+14.0% +13.6%

Risk

MeasureBIPHCSXNSCSPY
Volatility, 1Y 13.9%22.5%20.9% 12.7%
Downside volatility, 1Y 15.7%20.9%20.3% 12.7%
Beta vs S&P 500, 1Y 0.100.370.19 1.00
Return / volatility, 1Y -0.811.870.91 1.02
Max drawdown, 5Y -43.5%-30.5%-38.0% -25.4%
From 52-week high -12.5%-3.6%-5.4% -1.8%
52-week high $17.40$53.23$352.99 $779.14
52-week low $15.08$33.68$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.

MultipleBIPHCSXNSC
P/E now vs peer median -25.7xmedian 16.1x 26.5xmedian 16.1x 28.0xmedian 16.1x
P/S now vs peer median 0.4xmedian 1.0x 6.3xmedian 1.0x 5.8xmedian 1.0x
EV/EBITDA now vs peer median 7.0xmedian 8.7x 15.8xmedian 8.7x 16.3xmedian 8.7x
P/FCF now vs peer median -12.1xmedian 11.5x 29.4xmedian 11.5x 45.6xmedian 11.5x
P/B now vs peer median 0.3xmedian 1.2x 6.6xmedian 1.2x 4.5xmedian 1.2x
PEG now vs peer median —median 0.81 27.09median 0.81 3.11median 0.81

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 monthsBIPHCSXNSC
Revenue $25.06B $14.95B $12.96B
Gross profit $6.65B – –
Operating income $6.20B $5.44B $4.09B
Net income $2.39B $3.58B $2.68B
Free cash flow -$792.00M $3.21B $1.65B
EPS (diluted) – $1.93 $11.92
Cash & equivalents $3.09B $1.22B $1.60B
Total debt $67.76B $18.80B $16.61B
Shares (diluted) – 1.85B 225.20M
Enterprise value -$8.37B $89.81B $69.49B

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
MetricBIPHCSXNSC
P/E -25.7x 26.5x 28.0x
P/FCF -12.1x 29.4x 45.6x
P/Operating cash flow 1.5x 16.9x 19.8x
P/S 0.4x 6.3x 5.8x
P/B 0.3x 6.6x 4.5x
P/Tangible book 0.5x 6.6x 4.5x
EV/EBITDA 7.0x 15.8x 16.3x
EV/EBIT 11.9x 20.6x 22.0x
EV/Revenue 2.9x 7.5x 6.9x
EV/FCF -93.3x 34.8x 54.7x
EV/Operating cash flow 11.7x 20.0x 23.8x
PEG (3Y EPS CAGR) – 27.09 3.11

Growth

14 metrics
MetricBIPHCSXNSC
Revenue growth (1Y) 16.4% 5.9% 6.0%
Revenue CAGR (3Y) 16.6% 0.5% 1.7%
Gross profit growth (1Y) 16.9% – –
Gross profit CAGR (3Y) 48.1% – –
Operating income growth (1Y) 17.8% 20.4% -10.2%
Operating income CAGR (3Y) 28.4% -0.8% 8.2%
Net income growth (1Y) 63.4% 23.4% -9.4%
Net income CAGR (3Y) 15.0% -1.5% 8.7%
EPS growth (1Y) – 24.3% -9.6%
EPS CAGR (3Y) – 1.0% 9.0%
Operating cash flow growth (1Y) 30.9% 21.4% -11.0%
Operating cash flow CAGR (3Y) 26.0% 1.9% 4.6%
Free cash flow growth (1Y) 72.5% 107.0% -21.5%
Free cash flow CAGR (3Y) 8.5% 1.8% 13.0%

Profitability

14 metrics
MetricBIPHCSXNSC
Gross margin 26.5% – –
EBITDA margin 41.9% 47.4% 42.5%
Operating margin 24.8% 36.4% 31.5%
Pretax margin 11.8% 31.6% 26.4%
Net margin -1.5% 24.0% 20.7%
FCF margin -3.2% 21.5% 12.7%
Operating cash flow margin 25.1% 37.5% 29.2%
Return on equity 7.2% 25.4% 16.3%
Return on assets 1.9% 8.0% 5.9%
Return on invested capital 6.6% 12.6% 9.7%
Return on capital employed 5.6% 13.4% 9.8%
Asset turnover 0.2x 0.3x 0.3x
Cash conversion (OCF / net income) 2.6x 1.6x 1.4x
Stock comp / revenue – – –

Financial Health

11 metrics
MetricBIPHCSXNSC
Debt / assets 55.6% 41.6% 36.2%
Debt / equity 2.1x 1.3x 1.0x
Net debt / EBITDA 6.1x 2.4x 2.7x
Debt / FCF -85.6x 5.9x 10.1x
Liabilities / assets 73.3% 68.2% 63.6%
Equity / assets 26.7% 31.8% 36.4%
Interest coverage 1.1x 6.4x 5.2x
Current ratio 0.9x 0.8x 0.9x
Quick ratio 0.7x 0.7x 0.8x
Cash ratio 0.3x 0.4x 0.4x
Altman Z-score – 2.91 2.54

Shareholder Returns

7 metrics
MetricBIPHCSXNSC
Dividend yield 0.0% 1.1% 1.6%
Net buyback yield – 1.2% 0.0%
Shareholder yield 0.0% 2.3% 1.6%
Payout ratio (earnings) 71.4% 28.5% 45.2%
Payout ratio (FCF) -215.5% 31.8% 73.6%
Dividend growth (1Y) 10.5% 6.4% -0.4%
Dividend CAGR (3Y) 40.3% 5.4% 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.

ConsensusBIPHCSXNSC
Forward P/E 25.8xFY2026 26.9xFY2026 27.7xFY2026
EPS, next fiscal year $0.59FY2026 $1.91FY2026 $12.08FY2026
EPS growth, next FY -34.4%FY2026 +18.6%FY2026 -3.3%FY2026
EPS growth, the year after +88.1% +26.2% +24.5%
Revenue, next fiscal year $17.63BFY2026 $14.44BFY2026 $14.01BFY2026
Revenue growth, next FY -23.7%FY2026 +2.5%FY2026 +15.1%FY2026
Revenue growth, the year after -44.6% +14.0% +2.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBIPHCSXNSC
Held by institutions – 79.3% 75.9%
Institutions holding – 1,995 1,862
Change in shares held, QoQ – +4.0% +1.5%
Institutions buying – 999 750
Institutions selling – 627 631
Buyers to sellers – 1.59 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.

BIPHCSXNSC
BIPH 1.00 0.03 -0.02
CSX 0.03 1.00 0.78
NSC -0.02 0.78 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BIPH, CSX and NSC?

Csx (CSX) is the largest by market capitalisation: Brookfield Infrastructure Partners (BIPH) $9.62B, Csx (CSX) $94.58B, Norfolk Southern (NSC) $75.03B.

Which stock is cheaper, BIPH, CSX and NSC?

Csx (CSX) trades on the lowest price-to-earnings ratio (Brookfield Infrastructure Partners (BIPH) -25.7x, Csx (CSX) 26.5x, Norfolk Southern (NSC) 28.0x). On next year's consensus earnings, Brookfield Infrastructure Partners (BIPH) is cheapest (Brookfield Infrastructure Partners (BIPH) 25.8x, Csx (CSX) 26.9x, Norfolk Southern (NSC) 27.7x). 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: Brookfield Infrastructure Partners (BIPH) +16.4%, Csx (CSX) +5.9%, Norfolk Southern (NSC) +6.0%.

Which company is more profitable?

Csx (CSX) has the highest net margin (Brookfield Infrastructure Partners (BIPH) -1.5%, Csx (CSX) 24.0%, Norfolk Southern (NSC) 20.7%). On return on invested capital, Csx (CSX) leads (Brookfield Infrastructure Partners (BIPH) 6.6%, Csx (CSX) 12.6%, Norfolk Southern (NSC) 9.7%).

Which stock has performed better?

Over the past year Csx (CSX) returned the most: Brookfield Infrastructure Partners (BIPH) -11.3%, Csx (CSX) +42.0%, Norfolk Southern (NSC) +19.1%. Over five years, Csx (CSX) compounded fastest (Brookfield Infrastructure Partners (BIPH) -9.9%/yr, Csx (CSX) +7.4%/yr, Norfolk Southern (NSC) +3.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Norfolk Southern (NSC) has the highest dividend yield: Brookfield Infrastructure Partners (BIPH) 0.00%, Csx (CSX) 1.07%, Norfolk Southern (NSC) 1.62%. Brookfield Infrastructure Partners (BIPH) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Brookfield Infrastructure Partners (BIPH) has been the steadiest (Brookfield Infrastructure Partners (BIPH) 13.9%, Csx (CSX) 22.5%, Norfolk Southern (NSC) 20.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BIPH, CSX 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, Csx (CSX) leads on 8. 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.