CP vs NSC vs BIPH Stock Comparison

Canadian Pacific Kansas City, Norfolk Southern and Brookfield Infrastructure Partners Prices as of Oct 23, 2026 Peers: Industry group
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NSC Norfolk Southern Corp
$329.85 +4.7% 1M +16.2% 1Y
Market cap
$75.04B
P/E
28.0x
Revenue (TTM)
$12.96B
Div. yield
0.02%
Railroads Industrials
3 wins

Head to Head

12 decided of 12

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

QuestionCPNSCBIPHLeader
Larger companyMarket capitalisation $79.59B $75.04B $9.62B CP
Cheaper on earningsLower P/E, profitable companies only 28.4x 28.0x -25.7x NSC
Cheaper on forward earningsLower price / next fiscal year consensus EPS 23.1x 27.3x 25.7x CP
Faster revenue growthRevenue growth, trailing twelve months +4.6% +6.0% +16.4% BIPH
More profitableNet margin, trailing twelve months 25.0% 20.7% -1.5% CP
Better return on capitalReturn on invested capital 6.0% 9.7% 6.6% NSC
Less leveragedLower net debt / EBITDA 3.1x 2.7x 6.1x NSC
Higher dividend yieldTrailing dividend yield 0.01% 0.02% 0.18% BIPH
Better 1-year returnPrice return, last 12 months +17.9% +16.2% -11.3% CP
Better 5-year returnAnnualised price return, 5 years +3.3%/yr +2.9%/yr -10.1%/yr CP
Less volatileAnnualised volatility, 1 year 22.7% 20.9% 13.9% BIPH
Higher overall scoreMean of the five percentile scores vs peers 44/100 35/100 48/100 BIPH

Percentile Scorecard

CPNSCBIPH

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

AxisCPNSCBIPH
Valuation 12 #120 of 136 10 #123 of 136 65 #48 of 136
Growth 51 #60 of 122 46 #67 of 122 87 #17 of 122
Profitability 59 #49 of 119 67 #40 of 119 39 #73 of 119
Financial Health 28 #106 of 147 30 #103 of 147 13 #128 of 147
Shareholder Returns 69 #27 of 84 21 #67 of 84 35 #55 of 84
Overall 44 35 48
  • CP ranked among 150 companies in Transportation
  • NSC ranked among 150 companies in Transportation
  • BIPH ranked among 150 companies in Transportation

Price Performance

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

Returns

PeriodCPNSCBIPHSPY
1 month +1.4%+4.7%-2.0% -1.0%
3 months -3.1%-5.9%-6.4% +2.9%
6 months +3.0%+3.2%-8.2% +6.4%
Year to date +21.6%+14.2%-6.8% +11.4%
1 year +17.9%+16.2%-11.3% +13.1%
3 years +28.9%+68.1%-1.2% +79.4%
3 years, per year +8.8%+18.9%-0.4% +21.5%
5 years +17.6%+15.1%-41.1% +67.7%
5 years, per year +3.3%+2.9%-10.1% +10.9%
10 years +204.4%+255.0%— +255.2%
10 years, per year +11.8%+13.5%— +13.5%

Risk

MeasureCPNSCBIPHSPY
Volatility, 1Y 22.7%20.9%13.9% 12.7%
Downside volatility, 1Y 21.8%20.2%15.7% 12.7%
Beta vs S&P 500, 1Y 0.440.180.10 1.00
Return / volatility, 1Y 0.790.78-0.81 1.03
Max drawdown, 5Y -26.5%-38.0%-43.5% -25.4%
From 52-week high -7.4%-6.6%-12.8% -2.5%
52-week high $96.69$352.99$17.40 $779.14
52-week low $68.88$278.19$15.08 $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.

MultipleCPNSCBIPH
P/E now vs peer median 28.4xmedian 16.0x 27.6xmedian 16.0x -25.6xmedian 16.0x
P/S now vs peer median 7.0xmedian 1.0x 5.7xmedian 1.0x 0.4xmedian 1.0x
EV/EBITDA now vs peer median 17.2xmedian 8.7x 16.2xmedian 8.7x 7.0xmedian 8.7x
P/FCF now vs peer median 44.8xmedian 11.5x 45.0xmedian 11.5x -12.1xmedian 11.5x
P/B now vs peer median 2.3xmedian 1.2x 4.4xmedian 1.2x 0.3xmedian 1.2x
PEG now vs peer median -10.52median 0.82 3.07median 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 monthsCPNSCBIPH
Revenue $11.18B $12.96B $25.06B
Gross profit – – $6.65B
Operating income $4.11B $4.09B $6.20B
Net income $2.80B $2.68B $2.39B
Free cash flow $1.76B $1.65B -$792.00M
EPS (diluted) $3.15 $11.92 –
Cash & equivalents $257.58M $1.60B $3.09B
Total debt $69.26B $67.41B $67.76B
Shares (diluted) 887.10M 225.20M –
Enterprise value $78.61B $69.50B -$3.95B

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
MetricCPNSCBIPH
P/E 28.4x 27.6x -25.6x
P/FCF 44.8x 45.0x -12.1x
P/Operating cash flow 19.8x 19.6x 1.5x
P/S 7.0x 5.7x 0.4x
P/B 2.3x 4.4x 0.3x
P/Tangible book 2.5x 4.4x 0.5x
EV/EBITDA 17.2x 16.2x 7.0x
EV/EBIT 23.4x 21.8x 11.9x
EV/Revenue 8.6x 6.9x 2.9x
EV/FCF 54.8x 54.1x -93.2x
EV/Operating cash flow 24.2x 23.6x 11.7x
PEG (3Y EPS CAGR) -10.52 3.07 –

Growth

14 metrics
MetricCPNSCBIPH
Revenue growth (1Y) 4.6% 6.0% 16.4%
Revenue CAGR (3Y) 13.6% 1.7% 16.6%
Gross profit growth (1Y) – – 16.9%
Gross profit CAGR (3Y) – – 48.1%
Operating income growth (1Y) 5.7% -10.2% 17.8%
Operating income CAGR (3Y) 14.1% 8.2% 28.4%
Net income growth (1Y) -6.7% -9.4% 63.4%
Net income CAGR (3Y) -4.4% 8.7% 15.0%
EPS growth (1Y) -2.7% -9.6% –
EPS CAGR (3Y) -2.7% 9.0% –
Operating cash flow growth (1Y) 1.1% -11.0% 30.9%
Operating cash flow CAGR (3Y) 5.1% 4.6% 26.0%
Free cash flow growth (1Y) -3.8% -21.5% 72.5%
Free cash flow CAGR (3Y) -3.3% 13.0% 8.5%

Profitability

14 metrics
MetricCPNSCBIPH
Gross margin – – 26.5%
EBITDA margin 50.0% 42.5% 41.9%
Operating margin 36.7% 31.5% 24.8%
Pretax margin 33.4% 26.4% 11.8%
Net margin 25.0% 20.7% -1.5%
FCF margin 15.7% 12.7% -3.2%
Operating cash flow margin 35.6% 29.2% 25.1%
Return on equity 8.3% 16.3% 7.2%
Return on assets 4.4% 5.9% 1.9%
Return on invested capital 6.0% 9.7% 6.6%
Return on capital employed 7.0% 9.8% 5.6%
Asset turnover 0.2x 0.3x 0.2x
Cash conversion (OCF / net income) 1.4x 1.4x 2.6x
Stock comp / revenue – – –

Financial Health

11 metrics
MetricCPNSCBIPH
Debt / assets 28.2% 36.2% 55.6%
Debt / equity 0.5x 1.0x 2.1x
Net debt / EBITDA 3.1x 2.7x 6.1x
Debt / FCF 10.1x 10.1x -85.6x
Liabilities / assets 46.7% 63.6% 73.3%
Equity / assets 53.3% 36.4% 26.7%
Interest coverage – 5.2x 1.1x
Current ratio 0.6x 0.9x 0.9x
Quick ratio 0.5x 0.8x 0.7x
Cash ratio 0.1x 0.4x 0.3x
Altman Z-score 2.28 2.53 –

Shareholder Returns

7 metrics
MetricCPNSCBIPH
Dividend yield 1.1% 1.6% 0.0%
Net buyback yield 3.8% 0.0% –
Shareholder yield 4.9% 1.7% 0.0%
Payout ratio (earnings) 21.1% 45.2% 71.4%
Payout ratio (FCF) 33.7% 73.6% -215.5%
Dividend growth (1Y) 11.3% -0.4% 10.5%
Dividend CAGR (3Y) 3.9% 0.2% 40.3%

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.

ConsensusCPNSCBIPH
Forward P/E 23.1xFY2026 27.3xFY2026 25.7xFY2026
EPS, next fiscal year $3.87FY2026 $12.07FY2026 $0.59FY2026
EPS growth, next FY +15.2%FY2026 -3.4%FY2026 -34.4%FY2026
EPS growth, the year after +12.9% +24.5% +88.1%
Revenue, next fiscal year $12.35BFY2026 $13.99BFY2026 $17.63BFY2026
Revenue growth, next FY +12.5%FY2026 +14.9%FY2026 -23.7%FY2026
Revenue growth, the year after -3.4% +2.0% -44.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCPNSCBIPH
Held by institutions 69.7% 75.9% –
Institutions holding 973 1,862 –
Change in shares held, QoQ +2.5% +1.5% –
Institutions buying 439 750 –
Institutions selling 293 631 –
Buyers to sellers 1.50 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.

CPNSCBIPH
CP 1.00 0.64 0.05
NSC 0.64 1.00 -0.02
BIPH 0.05 -0.02 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CP, NSC and BIPH?

Canadian Pacific Kansas City (CP) is the largest by market capitalisation: Canadian Pacific Kansas City (CP) $79.59B, Norfolk Southern (NSC) $75.04B, Brookfield Infrastructure Partners (BIPH) $9.62B.

Which stock is cheaper, CP, NSC and BIPH?

Norfolk Southern (NSC) trades on the lowest price-to-earnings ratio (Canadian Pacific Kansas City (CP) 28.4x, Norfolk Southern (NSC) 28.0x, Brookfield Infrastructure Partners (BIPH) -25.7x). On next year's consensus earnings, Canadian Pacific Kansas City (CP) is cheapest (Canadian Pacific Kansas City (CP) 23.1x, Norfolk Southern (NSC) 27.3x, Brookfield Infrastructure Partners (BIPH) 25.7x). 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: Canadian Pacific Kansas City (CP) +4.6%, Norfolk Southern (NSC) +6.0%, Brookfield Infrastructure Partners (BIPH) +16.4%.

Which company is more profitable?

Canadian Pacific Kansas City (CP) has the highest net margin (Canadian Pacific Kansas City (CP) 25.0%, Norfolk Southern (NSC) 20.7%, Brookfield Infrastructure Partners (BIPH) -1.5%). On return on invested capital, Norfolk Southern (NSC) leads (Canadian Pacific Kansas City (CP) 6.0%, Norfolk Southern (NSC) 9.7%, Brookfield Infrastructure Partners (BIPH) 6.6%).

Which stock has performed better?

Over the past year Canadian Pacific Kansas City (CP) returned the most: Canadian Pacific Kansas City (CP) +17.9%, Norfolk Southern (NSC) +16.2%, Brookfield Infrastructure Partners (BIPH) -11.3%. Over five years, Canadian Pacific Kansas City (CP) compounded fastest (Canadian Pacific Kansas City (CP) +3.3%/yr, Norfolk Southern (NSC) +2.9%/yr, Brookfield Infrastructure Partners (BIPH) -10.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Brookfield Infrastructure Partners (BIPH) has the highest dividend yield: Canadian Pacific Kansas City (CP) 0.01%, Norfolk Southern (NSC) 0.02%, Brookfield Infrastructure Partners (BIPH) 0.18%.

Which stock is riskier?

By one-year price volatility, Brookfield Infrastructure Partners (BIPH) has been the steadiest (Canadian Pacific Kansas City (CP) 22.7%, Norfolk Southern (NSC) 20.9%, Brookfield Infrastructure Partners (BIPH) 13.9%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Canadian Pacific Kansas City (CP) 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.