BIPH vs NSC vs ASR Stock Comparison

Brookfield Infrastructure Partners, Norfolk Southern and Southeast Airport Prices as of Oct 27, 2026 Peers: Industry group
NSC Norfolk Southern Corp
$339.81 +8.6% 1M +20.7% 1Y
Market cap
$76.33B
P/E
28.4x
Revenue (TTM)
$12.96B
Div. yield
1.59%
Railroads Industrials
4 wins
ASR Southeast Airport Group
$248.22 +2.0% 1M -18.6% 1Y
Market cap
$6.88B
P/E
20.0x
Revenue (TTM)
$29.72K
Div. yield
5.60%
Transportation Infrastructure Industrials
5 wins

Head to Head

12 decided of 12

Southeast Airport leads on 5 of the 12 questions below (Southeast Airport 5, Norfolk Southern 4, Brookfield Infrastructure Partners 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBIPHNSCASRLeader
Larger companyMarket capitalisation $9.59B $76.33B $6.88B NSC
Cheaper on earningsLower P/E, profitable companies only -25.6x 28.4x 20.0x ASR
Cheaper on forward earningsLower price / next fiscal year consensus EPS 25.7x 27.8x 12.2x ASR
Faster revenue growthRevenue growth, trailing twelve months +16.4% +6.0% -100.0% BIPH
More profitableNet margin, trailing twelve months -1.5% 20.7% 1,252,383.6% 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% 1.59% 5.60% ASR
Better 1-year returnPrice return, last 12 months -11.7% +20.7% -18.6% NSC
Better 5-year returnAnnualised price return, 5 years -10.0%/yr +3.0%/yr +4.5%/yr ASR
Less volatileAnnualised volatility, 1 year 13.9% 20.9% 27.7% BIPH
Higher overall scoreMean of the five percentile scores vs peers 47/100 33/100 38/100 BIPH

Percentile Scorecard

BIPHNSCASR

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

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

Price Performance

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

Returns

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

Risk

MeasureBIPHNSCASRSPY
Volatility, 1Y 13.9%20.9%27.7% 12.7%
Downside volatility, 1Y 15.7%20.3%27.2% 12.7%
Beta vs S&P 500, 1Y 0.100.190.94 1.00
Return / volatility, 1Y -0.850.99-0.67 0.97
Max drawdown, 5Y -43.5%-38.0%-39.6% -25.4%
From 52-week high -12.7%-3.7%-34.9% -1.2%
52-week high $17.40$352.99$381.16 $779.14
52-week low $15.08$278.19$230.08 $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.

MultipleBIPHNSCASR
P/E now vs peer median -25.6xmedian 16.3x 28.4xmedian 16.3x 20.0xmedian 16.3x
P/S now vs peer median 0.4xmedian 1.0x 5.9xmedian 1.0x 231,395xmedian 1.0x
EV/EBITDA now vs peer median 7.0xmedian 8.7x 16.6xmedian 8.7x —median 8.7x
P/FCF now vs peer median -12.1xmedian 11.4x 46.3xmedian 11.4x -13.8xmedian 11.4x
P/B now vs peer median 0.3xmedian 1.2x 4.6xmedian 1.2x 2.5xmedian 1.2x
PEG now vs peer median —median 0.82 3.16median 0.82 —median 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 monthsBIPHNSCASR
Revenue $25.06B $12.96B $29.72K
Gross profit $6.65B – –
Operating income $6.20B $4.09B $770.53M
Net income $2.39B $2.68B $6.98M
Free cash flow -$792.00M $1.65B -$496.88M
EPS (diluted) – $11.92 –
Cash & equivalents $3.09B $1.60B $666.29M
Total debt $67.76B $16.61B $3.35B
Shares (diluted) – 225.20M –
Enterprise value -$8.39B $70.79B $3.65B

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

Growth

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

Profitability

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

Financial Health

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

Shareholder Returns

7 metrics
MetricBIPHNSCASR
Dividend yield 0.0% 1.6% 5.6%
Net buyback yield – 0.0% –
Shareholder yield 0.0% 1.6% 5.6%
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.

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

Institutional Ownership

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

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.

BIPHNSCASR
BIPH 1.00 -0.02 0.04
NSC -0.02 1.00 0.05
ASR 0.04 0.05 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BIPH, NSC and ASR?

Norfolk Southern (NSC) is the largest by market capitalisation: Brookfield Infrastructure Partners (BIPH) $9.59B, Norfolk Southern (NSC) $76.33B, Southeast Airport (ASR) $6.88B.

Which stock is cheaper, BIPH, NSC and ASR?

Southeast Airport (ASR) trades on the lowest price-to-earnings ratio (Brookfield Infrastructure Partners (BIPH) -25.6x, Norfolk Southern (NSC) 28.4x, Southeast Airport (ASR) 20.0x). On next year's consensus earnings, Southeast Airport (ASR) is cheapest (Brookfield Infrastructure Partners (BIPH) 25.7x, Norfolk Southern (NSC) 27.8x, Southeast Airport (ASR) 12.2x). 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%, Norfolk Southern (NSC) +6.0%, Southeast Airport (ASR) -100.0%.

Which company is more profitable?

Southeast Airport (ASR) has the highest net margin (Brookfield Infrastructure Partners (BIPH) -1.5%, Norfolk Southern (NSC) 20.7%, Southeast Airport (ASR) 1,252,383.6%). 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: Brookfield Infrastructure Partners (BIPH) -11.7%, Norfolk Southern (NSC) +20.7%, Southeast Airport (ASR) -18.6%. Over five years, Southeast Airport (ASR) compounded fastest (Brookfield Infrastructure Partners (BIPH) -10.0%/yr, Norfolk Southern (NSC) +3.0%/yr, Southeast Airport (ASR) +4.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Southeast Airport (ASR) has the highest dividend yield: Brookfield Infrastructure Partners (BIPH) 0.00%, Norfolk Southern (NSC) 1.59%, Southeast Airport (ASR) 5.60%. 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%, Norfolk Southern (NSC) 20.9%, Southeast Airport (ASR) 27.7%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Southeast Airport (ASR) leads on 5. 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.