CP vs NSC vs FIP Stock Comparison

Canadian Pacific Kansas City, Norfolk Southern and FTAI Infrastructure Prices as of Oct 23, 2026 Peers: Industry group
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 6 of the 12 questions below (Canadian Pacific Kansas City 6, Norfolk Southern 3, FTAI Infrastructure 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCPNSCFIPLeader
Larger companyMarket capitalisation $79.59B $75.04B $295.41M CP
Cheaper on earningsLower P/E, profitable companies only 28.4x 28.0x -0.5x NSC
Cheaper on forward earningsLower price / next fiscal year consensus EPS 23.1x 27.3x — CP
Faster revenue growthRevenue growth, trailing twelve months +4.6% +6.0% +72.3% FIP
More profitableNet margin, trailing twelve months 25.0% 20.7% -91.9% CP
Better return on capitalReturn on invested capital 6.0% 9.7% -15.3% NSC
Less leveragedLower net debt / EBITDA 3.1x 2.7x -11.3x FIP
Higher dividend yieldTrailing dividend yield 0.01% 0.02% 0.05% FIP
Better 1-year returnPrice return, last 12 months +17.9% +16.2% -54.2% CP
Better 5-year returnAnnualised price return, 5 years +3.3%/yr +2.9%/yr — CP
Less volatileAnnualised volatility, 1 year 22.7% 20.9% 69.8% NSC
Higher overall scoreMean of the five percentile scores vs peers 44/100 35/100 21/100 CP

Percentile Scorecard

CPNSCFIP

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

AxisCPNSCFIP
Valuation 12 #120 of 136 10 #123 of 136 1 #135 of 136
Growth 51 #60 of 122 46 #67 of 122 26 #91 of 122
Profitability 59 #49 of 119 67 #40 of 119 3 #116 of 119
Financial Health 28 #106 of 147 30 #103 of 147 1 #145 of 147
Shareholder Returns 69 #27 of 84 21 #67 of 84 75 #22 of 84
Overall 44 35 21
  • CP ranked among 150 companies in Transportation
  • NSC ranked among 150 companies in Transportation
  • FIP ranked among 150 companies in Transportation

Price Performance

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

Returns

PeriodCPNSCFIPSPY
1 month +1.4%+4.7%-17.8% -1.0%
3 months -3.1%-5.9%-40.0% +2.9%
6 months +3.0%+3.2%-53.0% +6.4%
Year to date +21.6%+14.2%-44.9% +11.4%
1 year +17.9%+16.2%-54.2% +13.1%
3 years +28.9%+68.1%-18.8% +79.4%
3 years, per year +8.8%+18.9%-6.7% +21.5%
5 years +17.6%+15.1%— +67.7%
5 years, per year +3.3%+2.9%— +10.9%
10 years +204.4%+255.0%— +255.2%
10 years, per year +11.8%+13.5%— +13.5%

Risk

MeasureCPNSCFIPSPY
Volatility, 1Y 22.7%20.9%69.8% 12.7%
Downside volatility, 1Y 21.8%20.2%71.5% 12.7%
Beta vs S&P 500, 1Y 0.440.182.02 1.00
Return / volatility, 1Y 0.790.78-0.78 1.03
Max drawdown, 5Y -26.5%-38.0%-77.6% -25.4%
From 52-week high -7.4%-6.6%-60.6% -2.5%
52-week high $96.69$352.99$6.44 $779.14
52-week low $68.88$278.19$2.31 $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.

MultipleCPNSCFIP
P/E now vs peer median 28.4xmedian 16.0x 27.6xmedian 16.0x -0.5xmedian 16.0x
P/S now vs peer median 7.0xmedian 1.0x 5.7xmedian 1.0x 0.5xmedian 1.0x
EV/EBITDA now vs peer median 17.2xmedian 8.7x 16.2xmedian 8.7x -12.5xmedian 8.7x
P/FCF now vs peer median 44.8xmedian 11.5x 45.0xmedian 11.5x -0.9xmedian 11.5x
P/B now vs peer median 2.3xmedian 1.2x 4.4xmedian 1.2x -0.6xmedian 1.2x
PEG now vs peer median -10.52median 0.82 3.07median 0.82 0.01median 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 monthsCPNSCFIP
Revenue $11.18B $12.96B $659.21M
Operating income $4.11B $4.09B –
Net income $2.80B $2.68B -$468.91M
Free cash flow $1.76B $1.65B -$318.87M
EPS (diluted) $3.15 $11.92 $-5.13
Cash & equivalents $257.58M $1.60B $32.63M
Total debt $69.26B $67.41B $2.76B
Shares (diluted) 887.10M 225.20M 118.16M
Enterprise value $78.61B $69.50B $132.85M

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
MetricCPNSCFIP
P/E 28.4x 27.6x -0.5x
P/FCF 44.8x 45.0x -0.9x
P/Operating cash flow 19.8x 19.6x -5.2x
P/S 7.0x 5.7x 0.5x
P/B 2.3x 4.4x -0.6x
P/Tangible book 2.5x 4.4x -0.5x
EV/EBITDA 17.2x 16.2x -12.5x
EV/EBIT 23.4x 21.8x -6.9x
EV/Revenue 8.6x 6.9x 4.6x
EV/FCF 54.8x 54.1x -9.5x
EV/Operating cash flow 24.2x 23.6x -52.7x
PEG (3Y EPS CAGR) -10.52 3.07 0.01

Growth

14 metrics
MetricCPNSCFIP
Revenue growth (1Y) 4.6% 6.0% 72.3%
Revenue CAGR (3Y) 13.6% 1.7% 28.8%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) 5.7% -10.2% –
Operating income CAGR (3Y) 14.1% 8.2% –
Net income growth (1Y) -6.7% -9.4% -299.3%
Net income CAGR (3Y) -4.4% 8.7% -40.5%
EPS growth (1Y) -2.7% -9.6% -273.4%
EPS CAGR (3Y) -2.7% 9.0% -41.9%
Operating cash flow growth (1Y) 1.1% -11.0% 32.1%
Operating cash flow CAGR (3Y) 5.1% 4.6% -138.6%
Free cash flow growth (1Y) -3.8% -21.5% -10.8%
Free cash flow CAGR (3Y) -3.3% 13.0% -22.6%

Profitability

14 metrics
MetricCPNSCFIP
Gross margin – – –
EBITDA margin 50.0% 42.5% -36.8%
Operating margin 36.7% 31.5% –
Pretax margin 33.4% 26.4% -66.7%
Net margin 25.0% 20.7% -91.9%
FCF margin 15.7% 12.7% -48.4%
Operating cash flow margin 35.6% 29.2% -8.7%
Return on equity 8.3% 16.3% –
Return on assets 4.4% 5.9% -8.2%
Return on invested capital 6.0% 9.7% -15.3%
Return on capital employed 7.0% 9.8% -10.0%
Asset turnover 0.2x 0.3x 0.1x
Cash conversion (OCF / net income) 1.4x 1.4x 0.1x
Stock comp / revenue – – 3.8%

Financial Health

11 metrics
MetricCPNSCFIP
Debt / assets 28.2% 36.2% 48.1%
Debt / equity 0.5x 1.0x -5.3x
Net debt / EBITDA 3.1x 2.7x -11.3x
Debt / FCF 10.1x 10.1x -8.7x
Liabilities / assets 46.7% 63.6% 109.0%
Equity / assets 53.3% 36.4% -9.0%
Interest coverage – 5.2x –
Current ratio 0.6x 0.9x 0.3x
Quick ratio 0.5x 0.8x 0.0x
Cash ratio 0.1x 0.4x 0.0x
Altman Z-score 2.28 2.53 -0.49

Shareholder Returns

7 metrics
MetricCPNSCFIP
Dividend yield 1.1% 1.6% 4.7%
Net buyback yield 3.8% 0.0% –
Shareholder yield 4.9% 1.7% 4.7%
Payout ratio (earnings) 21.1% 45.2% -3.0%
Payout ratio (FCF) 33.7% 73.6% -4.4%
Dividend growth (1Y) 11.3% -0.4% 2.4%
Dividend CAGR (3Y) 3.9% 0.2% 14.9%

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.

ConsensusCPNSCFIP
Forward P/E 23.1xFY2026 27.3xFY2026 –
EPS, next fiscal year $3.87FY2026 $12.07FY2026 $-3.36FY2026
EPS growth, next FY +15.2%FY2026 -3.4%FY2026 –
EPS growth, the year after +12.9% +24.5% –
Revenue, next fiscal year $12.35BFY2026 $13.99BFY2026 $682.91MFY2026
Revenue growth, next FY +12.5%FY2026 +14.9%FY2026 +35.9%FY2026
Revenue growth, the year after -3.4% +2.0% +17.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCPNSCFIP
Held by institutions 69.7% 75.9% 87.9%
Institutions holding 973 1,862 176
Change in shares held, QoQ +2.5% +1.5% +4.6%
Institutions buying 439 750 86
Institutions selling 293 631 47
Buyers to sellers 1.50 1.19 1.83

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.

CPNSCFIP
CP 1.00 0.64 0.23
NSC 0.64 1.00 0.15
FIP 0.23 0.15 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CP, NSC and FIP?

Canadian Pacific Kansas City (CP) is the largest by market capitalisation: Canadian Pacific Kansas City (CP) $79.59B, Norfolk Southern (NSC) $75.04B, FTAI Infrastructure (FIP) $295.41M.

Which stock is cheaper, CP, NSC and FIP?

Norfolk Southern (NSC) trades on the lowest price-to-earnings ratio (Canadian Pacific Kansas City (CP) 28.4x, Norfolk Southern (NSC) 28.0x, FTAI Infrastructure (FIP) -0.5x). 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). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

FTAI Infrastructure (FIP) grew revenue fastest over the trailing twelve months: Canadian Pacific Kansas City (CP) +4.6%, Norfolk Southern (NSC) +6.0%, FTAI Infrastructure (FIP) +72.3%.

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%, FTAI Infrastructure (FIP) -91.9%). On return on invested capital, Norfolk Southern (NSC) leads (Canadian Pacific Kansas City (CP) 6.0%, Norfolk Southern (NSC) 9.7%, FTAI Infrastructure (FIP) -15.3%).

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%, FTAI Infrastructure (FIP) -54.2%. Over five years, Canadian Pacific Kansas City (CP) compounded fastest (Canadian Pacific Kansas City (CP) +3.3%/yr, Norfolk Southern (NSC) +2.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

FTAI Infrastructure (FIP) has the highest dividend yield: Canadian Pacific Kansas City (CP) 0.01%, Norfolk Southern (NSC) 0.02%, FTAI Infrastructure (FIP) 0.05%.

Which stock is riskier?

By one-year price volatility, Norfolk Southern (NSC) has been the steadiest (Canadian Pacific Kansas City (CP) 22.7%, Norfolk Southern (NSC) 20.9%, FTAI Infrastructure (FIP) 69.8%). Volatility measures how widely the price swings, not the risk of the business.

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

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 6. 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.