FIP vs BIPH vs NSC Stock Comparison

FTAI Infrastructure, Brookfield Infrastructure Partners and Norfolk Southern Prices as of Oct 26, 2026 Peers: Industry group
NSC Norfolk Southern Corp
$334.02 +6.7% 1M +19.1% 1Y
Market cap
$76.34B
P/E
28.4x
Revenue (TTM)
$12.96B
Div. yield
0.02%
Railroads Industrials
5 wins

Head to Head

11 decided of 12

Norfolk Southern leads on 5 of the 12 questions below (Norfolk Southern 5, Brookfield Infrastructure Partners 4, FTAI Infrastructure 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFIPBIPHNSCLeader
Larger companyMarket capitalisation $314.91M $9.59B $76.34B NSC
Cheaper on earningsLower P/E, profitable companies only -0.5x -25.6x 28.4x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 25.8x 27.3x BIPH
Faster revenue growthRevenue growth, trailing twelve months +72.3% +16.4% +6.0% FIP
More profitableNet margin, trailing twelve months -91.9% -1.5% 20.7% NSC
Better return on capitalReturn on invested capital -15.3% 6.6% 9.7% NSC
Less leveragedLower net debt / EBITDA -11.3x 6.1x 2.7x FIP
Higher dividend yieldTrailing dividend yield 0.04% 0.18% 0.02% BIPH
Better 1-year returnPrice return, last 12 months -55.7% -11.3% +19.1% NSC
Better 5-year returnAnnualised price return, 5 years — -9.9%/yr +3.1%/yr NSC
Less volatileAnnualised volatility, 1 year 69.9% 13.9% 20.9% BIPH
Higher overall scoreMean of the five percentile scores vs peers 21/100 46/100 33/100 BIPH

Percentile Scorecard

FIPBIPHNSC

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

AxisFIPBIPHNSC
Valuation 1 #135 of 136 64 #50 of 136 10 #123 of 136
Growth 26 #90 of 122 87 #17 of 122 44 #69 of 122
Profitability 3 #113 of 116 38 #72 of 116 66 #40 of 116
Financial Health 1 #142 of 144 13 #126 of 144 30 #101 of 144
Shareholder Returns 75 #21 of 82 31 #57 of 82 16 #69 of 82
Overall 21 46 33
  • FIP ranked among 150 companies in Transportation
  • BIPH 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

PeriodFIPBIPHNSCSPY
1 month -19.6%-1.3%+6.7% -0.8%
3 months -39.5%-6.0%-2.7% +3.5%
6 months -54.4%-8.1%+4.7% +7.0%
Year to date -45.6%-6.5%+15.7% +12.2%
1 year -55.7%-11.3%+19.1% +13.0%
3 years -18.2%+2.9%+81.0% +86.3%
3 years, per year -6.5%+1.0%+21.9% +23.1%
5 years —-40.7%+16.4% +68.6%
5 years, per year —-9.9%+3.1% +11.0%
10 years ——+271.0% +258.0%
10 years, per year ——+14.0% +13.6%

Risk

MeasureFIPBIPHNSCSPY
Volatility, 1Y 69.9%13.9%20.9% 12.7%
Downside volatility, 1Y 71.4%15.7%20.3% 12.7%
Beta vs S&P 500, 1Y 2.040.100.19 1.00
Return / volatility, 1Y -0.80-0.810.91 1.02
Max drawdown, 5Y -77.6%-43.5%-38.0% -25.4%
From 52-week high -61.0%-12.5%-5.4% -1.8%
52-week high $6.44$17.40$352.99 $779.14
52-week low $2.31$15.08$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.

MultipleFIPBIPHNSC
P/E now vs peer median -0.5xmedian 16.1x -25.7xmedian 16.1x 28.0xmedian 16.1x
P/S now vs peer median 0.4xmedian 1.0x 0.4xmedian 1.0x 5.8xmedian 1.0x
EV/EBITDA now vs peer median -12.5xmedian 8.7x 7.0xmedian 8.7x 16.3xmedian 8.7x
P/FCF now vs peer median -0.9xmedian 11.5x -12.1xmedian 11.5x 45.6xmedian 11.5x
P/B now vs peer median -0.6xmedian 1.2x 0.3xmedian 1.2x 4.5xmedian 1.2x
PEG now vs peer median 0.01median 0.81 —median 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 monthsFIPBIPHNSC
Revenue $659.21M $25.06B $12.96B
Gross profit – $6.65B –
Operating income – $6.20B $4.09B
Net income -$468.91M $2.39B $2.68B
Free cash flow -$318.87M -$792.00M $1.65B
EPS (diluted) $-5.13 – $11.92
Cash & equivalents $32.63M $3.09B $1.60B
Total debt $2.76B $67.76B $16.61B
Shares (diluted) 118.16M – 225.20M
Enterprise value $152.35M -$3.98B $70.80B

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
MetricFIPBIPHNSC
P/E -0.5x -25.7x 28.0x
P/FCF -0.9x -12.1x 45.6x
P/Operating cash flow -5.2x 1.5x 19.8x
P/S 0.4x 0.4x 5.8x
P/B -0.6x 0.3x 4.5x
P/Tangible book -0.5x 0.5x 4.5x
EV/EBITDA -12.5x 7.0x 16.3x
EV/EBIT -6.9x 11.9x 22.0x
EV/Revenue 4.6x 2.9x 6.9x
EV/FCF -9.5x -93.3x 54.7x
EV/Operating cash flow -52.7x 11.7x 23.8x
PEG (3Y EPS CAGR) 0.01 – 3.11

Growth

14 metrics
MetricFIPBIPHNSC
Revenue growth (1Y) 72.3% 16.4% 6.0%
Revenue CAGR (3Y) 28.8% 16.6% 1.7%
Gross profit growth (1Y) – 16.9% –
Gross profit CAGR (3Y) – 48.1% –
Operating income growth (1Y) – 17.8% -10.2%
Operating income CAGR (3Y) – 28.4% 8.2%
Net income growth (1Y) -299.3% 63.4% -9.4%
Net income CAGR (3Y) -40.5% 15.0% 8.7%
EPS growth (1Y) -273.4% – -9.6%
EPS CAGR (3Y) -41.9% – 9.0%
Operating cash flow growth (1Y) 32.1% 30.9% -11.0%
Operating cash flow CAGR (3Y) -138.6% 26.0% 4.6%
Free cash flow growth (1Y) -10.8% 72.5% -21.5%
Free cash flow CAGR (3Y) -22.6% 8.5% 13.0%

Profitability

14 metrics
MetricFIPBIPHNSC
Gross margin – 26.5% –
EBITDA margin -36.8% 41.9% 42.5%
Operating margin – 24.8% 31.5%
Pretax margin -66.7% 11.8% 26.4%
Net margin -91.9% -1.5% 20.7%
FCF margin -48.4% -3.2% 12.7%
Operating cash flow margin -8.7% 25.1% 29.2%
Return on equity – 7.2% 16.3%
Return on assets -8.2% 1.9% 5.9%
Return on invested capital -15.3% 6.6% 9.7%
Return on capital employed -10.0% 5.6% 9.8%
Asset turnover 0.1x 0.2x 0.3x
Cash conversion (OCF / net income) 0.1x 2.6x 1.4x
Stock comp / revenue 3.8% – –

Financial Health

11 metrics
MetricFIPBIPHNSC
Debt / assets 48.1% 55.6% 36.2%
Debt / equity -5.3x 2.1x 1.0x
Net debt / EBITDA -11.3x 6.1x 2.7x
Debt / FCF -8.7x -85.6x 10.1x
Liabilities / assets 109.0% 73.3% 63.6%
Equity / assets -9.0% 26.7% 36.4%
Interest coverage – 1.1x 5.2x
Current ratio 0.3x 0.9x 0.9x
Quick ratio 0.0x 0.7x 0.8x
Cash ratio 0.0x 0.3x 0.4x
Altman Z-score -0.49 – 2.54

Shareholder Returns

7 metrics
MetricFIPBIPHNSC
Dividend yield 4.8% 0.0% 1.6%
Net buyback yield – – 0.0%
Shareholder yield 4.8% 0.0% 1.6%
Payout ratio (earnings) -3.0% 71.4% 45.2%
Payout ratio (FCF) -4.4% -215.5% 73.6%
Dividend growth (1Y) 2.4% 10.5% -0.4%
Dividend CAGR (3Y) 14.9% 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.

ConsensusFIPBIPHNSC
Forward P/E – 25.8xFY2026 27.3xFY2026
EPS, next fiscal year $-3.58FY2026 $0.59FY2026 $12.23FY2026
EPS growth, next FY – -34.4%FY2026 -2.1%FY2026
EPS growth, the year after – +88.1% +24.4%
Revenue, next fiscal year $701.40MFY2026 $17.63BFY2026 $14.12BFY2026
Revenue growth, next FY +39.6%FY2026 -23.7%FY2026 +15.9%FY2026
Revenue growth, the year after +18.4% -44.6% +2.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFIPBIPHNSC
Held by institutions 87.9% – 75.9%
Institutions holding 176 – 1,862
Change in shares held, QoQ +4.6% – +1.5%
Institutions buying 86 – 750
Institutions selling 47 – 631
Buyers to sellers 1.83 – 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.

FIPBIPHNSC
FIP 1.00 0.10 0.15
BIPH 0.10 1.00 -0.02
NSC 0.15 -0.02 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FIP, BIPH and NSC?

Norfolk Southern (NSC) is the largest by market capitalisation: FTAI Infrastructure (FIP) $314.91M, Brookfield Infrastructure Partners (BIPH) $9.59B, Norfolk Southern (NSC) $76.34B.

Which company is growing faster?

FTAI Infrastructure (FIP) grew revenue fastest over the trailing twelve months: FTAI Infrastructure (FIP) +72.3%, Brookfield Infrastructure Partners (BIPH) +16.4%, Norfolk Southern (NSC) +6.0%.

Which company is more profitable?

Norfolk Southern (NSC) has the highest net margin (FTAI Infrastructure (FIP) -91.9%, Brookfield Infrastructure Partners (BIPH) -1.5%, Norfolk Southern (NSC) 20.7%). On return on invested capital, Norfolk Southern (NSC) leads (FTAI Infrastructure (FIP) -15.3%, 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: FTAI Infrastructure (FIP) -55.7%, Brookfield Infrastructure Partners (BIPH) -11.3%, Norfolk Southern (NSC) +19.1%. Over five years, Norfolk Southern (NSC) compounded fastest (Brookfield Infrastructure Partners (BIPH) -9.9%/yr, Norfolk Southern (NSC) +3.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Brookfield Infrastructure Partners (BIPH) has the highest dividend yield: FTAI Infrastructure (FIP) 0.04%, Brookfield Infrastructure Partners (BIPH) 0.18%, Norfolk Southern (NSC) 0.02%.

Which stock is riskier?

By one-year price volatility, Brookfield Infrastructure Partners (BIPH) has been the steadiest (FTAI Infrastructure (FIP) 69.9%, Brookfield Infrastructure Partners (BIPH) 13.9%, Norfolk Southern (NSC) 20.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, FIP, BIPH 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.