BRK-B vs NSC Stock Comparison

Berkshire Hathaway and Norfolk Southern Prices as of Oct 26, 2026 Peers: Industry group
BRK-B Berkshire Hathaway Inc
$548.72 +8.6% 1M +11.5% 1Y
Market cap
$781.91M
P/E
0.0x
Revenue (TTM)
$384.69B
Div. yield
–
Property and Casualty Insurance Financial Services
5 wins
NSC Norfolk Southern Corp
$334.02 +6.7% 1M +19.1% 1Y
Market cap
$75.82B
P/E
28.2x
Revenue (TTM)
$12.96B
Div. yield
0.02%
Railroads Industrials
5 wins

Head to Head

10 decided of 12

Norfolk Southern leads on 5 of the 12 questions below (Norfolk Southern 5, Berkshire Hathaway 5). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBRK-BNSCLeader
Larger companyMarket capitalisation $781.91M $75.82B NSC
Cheaper on earningsLower P/E, profitable companies only 0.0x 28.2x BRK-B
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 27.3x –
Faster revenue growthRevenue growth, trailing twelve months +3.9% +6.0% NSC
More profitableNet margin, trailing twelve months 22.3% 20.7% BRK-B
Better return on capitalReturn on invested capital -10.4% 9.7% NSC
Less leveragedLower net debt / EBITDA 2.4x 2.7x BRK-B
Higher dividend yieldTrailing dividend yield 0.00% 0.02% –
Better 1-year returnPrice return, last 12 months +11.5% +19.1% NSC
Better 5-year returnAnnualised price return, 5 years +13.8%/yr +3.1%/yr BRK-B
Less volatileAnnualised volatility, 1 year 14.7% 20.9% BRK-B
Higher overall scoreMean of the five percentile scores vs peers 27/100 33/100 NSC

Percentile Scorecard

BRK-BNSC

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

AxisBRK-BNSC
Valuation 13 #104 of 119 10 #123 of 136
Growth 26 #85 of 115 44 #69 of 122
Profitability 31 #78 of 113 66 #40 of 116
Financial Health 55 #52 of 114 30 #101 of 144
Shareholder Returns 8 #99 of 107 16 #69 of 82
Overall 27 33
  • BRK-B ranked among 126 companies in Insurance
  • NSC ranked among 150 companies in Transportation

Price Performance

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

Returns

PeriodBRK-BNSCSPY
1 month +8.6%+6.7% -0.8%
3 months +10.4%-2.7% +3.5%
6 months +16.1%+4.7% +7.0%
Year to date +9.2%+15.7% +12.2%
1 year +11.5%+19.1% +13.0%
3 years +65.4%+81.0% +86.3%
3 years, per year +18.3%+21.9% +23.1%
5 years +90.7%+16.4% +68.6%
5 years, per year +13.8%+3.1% +11.0%
10 years +281.2%+271.0% +258.0%
10 years, per year +14.3%+14.0% +13.6%

Risk

MeasureBRK-BNSCSPY
Volatility, 1Y 14.7%20.9% 12.7%
Downside volatility, 1Y 14.4%20.3% 12.7%
Beta vs S&P 500, 1Y -0.020.19 1.00
Return / volatility, 1Y 0.780.91 1.02
Max drawdown, 5Y -26.6%-38.0% -25.4%
From 52-week high 0.0%-5.4% -1.8%
52-week high $548.72$352.99 $779.14
52-week low $465.40$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.

MultipleBRK-BNSC
P/E now vs peer median 0.0xmedian 10.6x 28.0xmedian 16.1x
P/S now vs peer median 3.1xmedian 1.4x 5.8xmedian 1.0x
EV/EBITDA now vs peer median -9.7xmedian 7.6x 16.3xmedian 8.7x
P/FCF now vs peer median 48.8xmedian 8.6x 45.6xmedian 11.5x
P/B now vs peer median 1.6xmedian 1.5x 4.5xmedian 1.2x
PEG now vs peer median —median 0.52 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 monthsBRK-BNSC
Revenue $384.69B $12.96B
Gross profit $215.64B –
Operating income -$111.18B $4.09B
Net income $86.08B $2.68B
Free cash flow $24.22B $1.65B
EPS (diluted) – $11.92
Cash & equivalents $40.61B $1.60B
Total debt $128.60B $16.61B
Shares (diluted) – 225.20M
Enterprise value -$1.42T $70.28B

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
MetricBRK-BNSC
P/E 0.0x 28.0x
P/FCF 48.8x 45.6x
P/Operating cash flow 25.4x 19.8x
P/S 3.1x 5.8x
P/B 1.6x 4.5x
P/Tangible book 1.6x 4.5x
EV/EBITDA -9.7x 16.3x
EV/EBIT -8.5x 22.0x
EV/Revenue 2.5x 6.9x
EV/FCF 39.1x 54.7x
EV/Operating cash flow 20.3x 23.8x
PEG (3Y EPS CAGR) – 3.11

Growth

14 metrics
MetricBRK-BNSC
Revenue growth (1Y) 3.9% 6.0%
Revenue CAGR (3Y) 4.9% 1.7%
Gross profit growth (1Y) 2.1% –
Gross profit CAGR (3Y) 1.0% –
Operating income growth (1Y) -4.9% -10.2%
Operating income CAGR (3Y) -8.5% 8.2%
Net income growth (1Y) 35.9% -9.4%
Net income CAGR (3Y) -0.5% 8.7%
EPS growth (1Y) – -9.6%
EPS CAGR (3Y) – 9.0%
Operating cash flow growth (1Y) 70.1% -11.0%
Operating cash flow CAGR (3Y) 2.6% 4.6%
Free cash flow growth (1Y) 194.4% -21.5%
Free cash flow CAGR (3Y) -2.5% 13.0%

Profitability

14 metrics
MetricBRK-BNSC
Gross margin 56.1% –
EBITDA margin -25.3% 42.5%
Operating margin -28.9% 31.5%
Pretax margin 29.2% 26.4%
Net margin 22.3% 20.7%
FCF margin 6.3% 12.7%
Operating cash flow margin 12.1% 29.2%
Return on equity 11.6% 16.3%
Return on assets 6.8% 5.9%
Return on invested capital -10.4% 9.7%
Return on capital employed – 9.8%
Asset turnover 0.3x 0.3x
Cash conversion (OCF / net income) 0.5x 1.4x
Stock comp / revenue – –

Financial Health

11 metrics
MetricBRK-BNSC
Debt / assets 10.2% 36.2%
Debt / equity 0.2x 1.0x
Net debt / EBITDA 2.4x 2.7x
Debt / FCF 5.3x 10.1x
Liabilities / assets 40.6% 63.6%
Equity / assets 59.4% 36.4%
Interest coverage -21.4x 5.2x
Current ratio – 0.9x
Quick ratio – 0.8x
Cash ratio – 0.4x
Altman Z-score – 2.54

Shareholder Returns

7 metrics
MetricBRK-BNSC
Dividend yield – 1.6%
Net buyback yield 0.4% 0.0%
Shareholder yield 0.4% 1.6%
Payout ratio (earnings) – 45.2%
Payout ratio (FCF) – 73.6%
Dividend growth (1Y) – -0.4%
Dividend CAGR (3Y) – 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.

ConsensusBRK-BNSC
Forward P/E – 27.3xFY2026
EPS, next fiscal year – $12.23FY2026
EPS growth, next FY – -2.1%FY2026
EPS growth, the year after – +24.4%
Revenue, next fiscal year – $14.12BFY2026
Revenue growth, next FY – +15.9%FY2026
Revenue growth, the year after – +2.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBRK-BNSC
Held by institutions 65.8% 75.9%
Institutions holding 4,921 1,862
Change in shares held, QoQ +1.8% +1.5%
Institutions buying 2,235 750
Institutions selling 1,987 631
Buyers to sellers 1.12 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.

BRK-BNSC
BRK-B 1.00 0.23
NSC 0.23 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BRK-B and NSC?

Norfolk Southern (NSC) is the largest by market capitalisation: Berkshire Hathaway (BRK-B) $781.91M, Norfolk Southern (NSC) $75.82B.

Which stock is cheaper, BRK-B and NSC?

Berkshire Hathaway (BRK-B) trades on the lowest price-to-earnings ratio (Berkshire Hathaway (BRK-B) 0.0x, Norfolk Southern (NSC) 28.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Norfolk Southern (NSC) grew revenue fastest over the trailing twelve months: Berkshire Hathaway (BRK-B) +3.9%, Norfolk Southern (NSC) +6.0%.

Which company is more profitable?

Berkshire Hathaway (BRK-B) has the highest net margin (Berkshire Hathaway (BRK-B) 22.3%, Norfolk Southern (NSC) 20.7%). On return on invested capital, Norfolk Southern (NSC) leads (Berkshire Hathaway (BRK-B) -10.4%, Norfolk Southern (NSC) 9.7%).

Which stock has performed better?

Over the past year Norfolk Southern (NSC) returned the most: Berkshire Hathaway (BRK-B) +11.5%, Norfolk Southern (NSC) +19.1%. Over five years, Berkshire Hathaway (BRK-B) compounded fastest (Berkshire Hathaway (BRK-B) +13.8%/yr, Norfolk Southern (NSC) +3.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Berkshire Hathaway (BRK-B) 0.00%, Norfolk Southern (NSC) 0.02%. Berkshire Hathaway (BRK-B) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Berkshire Hathaway (BRK-B) has been the steadiest (Berkshire Hathaway (BRK-B) 14.7%, Norfolk Southern (NSC) 20.9%). Volatility measures how widely the price swings, not the risk of the business.

Do BRK-B and NSC move together?

Their daily returns over the past year have a correlation of 0.23, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, BRK-B 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 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.